Risks specific to overseas operations associated with overseas business expansion
First written in FY2019-Q1. 2 of 5 entries say "Restated". Latest entry: FY2023.
Kato Sangyo moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 53 of 107 companies on the "Worse" side.
12 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「To address these risks, our Group strives to maintain stable performance and a sound financial position by continuously monitoring the business environment and management conditions of each company, primarily through specialized departments and Group employees assigned locally as members of management, and by reviewing and monitoring matters through the Board of Directors and other bodies as necessary.」
Regarding its response to country-specific overseas risks, the company explicitly stated that specialized departments, locally assigned management members and employees would assess conditions, with monitoring conducted by the Board of Directors and other bodies. - FY2020ReframedAnnual report
「If changes in political and economic conditions, foreign exchange fluctuations, changes in laws and regulations, social or economic disruption caused by natural disasters, terrorism, or outbreaks of emerging infectious diseases, or unpredictable events arising from local business practices occur in individual countries, causing the business to fail to progress as planned, they may affect the Group's performance and financial position.」
The company added outbreaks of emerging infectious diseases to its list of country-specific overseas risks and disclosed that each overseas company is monitored by specialized departments and employees assigned locally. - FY2019-Q3RestatedAnnual report
「Our Group positions the overseas business as one of its future growth strategies and operates a food wholesale business through subsidiaries and affiliates in Malaysia, Singapore, Vietnam, and China. The share of the overseas business in the Group's performance is expected to increase.」
The company continues to disclose the expected increase in the share of the overseas business and the risks arising from political and economic conditions, foreign exchange, laws and regulations, natural disasters and terrorism, and local business practices in each country. - FY2019-Q2RestatedAnnual report
「Our Group positions the overseas business as one of its future growth strategies and operates a food wholesale business through subsidiaries and affiliates in Malaysia, Singapore, Vietnam, and China. The share of the overseas business in the Group's performance is expected to increase.」
The company continues to disclose the expected increase in the share of the overseas business and the risks arising from political and economic conditions, foreign exchange, laws and regulations, natural disasters and terrorism, and local business practices in each country. - FY2019-Q1First statedAnnual report
「Our Group positions the overseas business as one of its future growth strategies and operates a food wholesale business through subsidiaries and affiliates in Malaysia, Singapore, Vietnam, and China. The share of the overseas business in the Group's performance is expected to increase. As the Group expands its overseas operations, changes in political and economic conditions, foreign exchange fluctuations, changes in laws and regulations, social or economic disruption caused by natural disasters or terrorism, or unpredictable events arising from local business practices may occur in individual countries. If such events occur, or if they prevent the business from progressing as planned, they may affect the Group's business expansion and performance.」
While indicating that the overseas business is expected to account for a larger share of the Group's operations, the company added country-specific risks arising from political and economic conditions, foreign exchange, laws and regulations, natural disasters and terrorism, and local business practices to its business and other risks.