Country Risks Associated with Overseas Expansion and Infringement by Similar Trademarks
First written in FY2017. 3 of 6 entries say "Worsened", first in FY2025-Q1. Latest entry: FY2025.
Yoshinoya Holdings moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 5 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「The food-service industry has been significantly affected by rising labour costs in the United States, particularly California, and the economic downturn in China. In response, the United States and China are reviewing their pricing strategies and menu offerings and strengthening sales initiatives to overcome these conditions.」
The disclosure states that rising labour costs in California and China's economic downturn have actually affected the performance of the overseas business as country risks. - FY2025-H1WorsenedAnnual report
「In the United States, particularly California, the Group revised prices from 1 April in response to the revision of the minimum hourly wage for fast-food workers to $20, affecting not only the Group but the food-service market as a whole. China has also been significantly affected by the economic downturn in the food-service industry.」
In the overseas business, the revision of California's minimum hourly wage to $20 and China's economic downturn affected the food-service market and performance, while overseas same-store sales decreased 4.0% year on year. - FY2025-Q1WorsenedAnnual report
「China has been particularly affected by the economic downturn, including in the food-service industry. In the United States, particularly California, fast-food companies have adopted pricing policies in response to the 25% increase in the minimum hourly wage, and the resulting impact on customer numbers is beginning to emerge.」
The disclosure states that external conditions in the overseas business, including China's economic downturn and the 25% increase in California's minimum hourly wage for fast-food workers, have begun to affect customer numbers. - FY2021RestatedAnnual report
「The Group is actively expanding overseas to develop its international business and has established regional headquarters in China and ASEAN. The Group's performance could be affected by country-specific risks in the countries where it operates, including political conditions, the economy, laws and regulations, and business practices, as well as restrictions on business activities resulting from legal amendments in those countries. In addition, infringement of rights by similar trademarks could damage the Group's brand image.」
The disclosure continues to cover country risks in overseas countries, restrictions on business activities resulting from legal amendments, and the risk of brand damage from similar trademarks. - FY2018RestatedAnnual report
「The Group's performance could be affected by country-specific risks in the countries where its overseas subsidiaries operate, including political conditions, the economy, laws and regulations, and business practices. In addition, infringement of rights by similar trademarks could damage the Group's brand image.」
Country risks in overseas countries and the risk of brand damage from similar trademarks continue to be disclosed. - FY2017First statedAnnual report
「The Group's performance could be affected by country-specific risks in the countries where its overseas subsidiaries operate, including political conditions, the economy, laws and regulations, and business practices. In addition, infringement of rights by similar trademarks could damage the Group's brand image.」
The disclosure identifies risks relating to political conditions, the economy, laws and regulations, and business practices in overseas countries, as well as the potential for brand damage from similar trademarks.