Challenges in managing group performance, including overseas subsidiaries
First written in FY2016-Q3. 2 of 5 entries say "Worsened", first in FY2017. Latest entry: FY2022.
- FY2022WorsenedAnnual report
「Problems have become apparent for Japanese companies operating overseas, including the inability to visit overseas subsidiaries due to coronavirus-related travel restrictions and increased risks of fluctuations in business performance resulting from higher resource prices and disrupted logistics caused by the situation in Ukraine.」
With regard to performance management challenges for overseas subsidiaries, risks of fluctuations in business performance resulting from the situation in Ukraine, higher resource prices, and disrupted logistics, in addition to the existing travel restrictions, have become apparent. - FY2021-Q1MaterialisedAnnual report
「Companies operating overseas face challenges in managing the performance of overseas subsidiaries and maintaining governance because the spread of the coronavirus has led them to refrain from overseas travel.」
The existing challenges involving financial information and performance management for overseas subsidiaries were compounded by restrictions on overseas travel due to the coronavirus, which became an actual constraint. - FY2017WorsenedAnnual report
「In addition, for companies operating overseas as part of their Group growth strategies, managing the risk of fraud, as well as ensuring the appropriateness, accuracy, and timeliness of financial information from overseas subsidiaries, is a challenge, making it essential to strengthen Group performance management systems covering overseas subsidiaries.」
In addition to the previous management of financial information from overseas subsidiaries, fraud risk management was specifically identified, broadening the scope of the challenges. - FY2016RestatedAnnual report
「For companies already operating overseas, ensuring the appropriateness, accuracy, and timeliness of financial information from overseas subsidiaries is a challenge, making it essential to strengthen Group performance management systems covering overseas subsidiaries.」
The challenges involving financial information from overseas subsidiaries and Group performance management systems continue to be presented. - FY2016-Q3First statedAnnual report
「While more companies are preparing to expand overseas as part of their Group growth strategies, companies already operating overseas face challenges such as ensuring the appropriateness, accuracy, and timeliness of financial information from overseas subsidiaries, making it essential to strengthen Group performance management systems covering overseas subsidiaries.」
The challenges involving financial information and Group management systems associated with overseas expansion are presented.