Regulatory, Political and Economic, Human Resources, Foreign Exchange and Social Unrest Risks in Overseas Operations
First written in FY2019. 3 of 7 entries say "Restated". Latest entry: FY2026.
Matsuya Foods Holdings moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2024: 7 of 12 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group conducts store operations and other business activities through 3 local subsidiaries in the People's Republic of China, 1 in Taiwan, 1 in Hong Kong and 1 in Vietnam. These overseas operations entail risks, including unexpected changes in laws or regulations, adverse political or economic factors, difficulty recruiting and retaining personnel, foreign exchange fluctuations, and social disruption caused by terrorism, war or other factors, which may affect business performance.」
The company continues to disclose risks relating to regulations, political and economic conditions, personnel, foreign exchange and social disruption in its overseas businesses based in China, Taiwan, Hong Kong and Vietnam. - FY2025ReframedAnnual report
「The Group conducts store operations and other business activities through 3 local subsidiaries in the People's Republic of China, 1 in Taiwan, 1 in Hong Kong and 1 in Vietnam. These overseas operations entail risks, including unexpected changes in laws or regulations, adverse political or economic factors, difficulty recruiting and retaining personnel, foreign exchange fluctuations, and social disruption caused by terrorism, war or other factors, which may affect business performance.」
The overseas business risk coverage is described as comprising local subsidiaries in China, 3 companies, Taiwan, Hong Kong and Vietnam. - FY2024ReframedAnnual report
「The Group operates stores and conducts other business activities through 2 local subsidiaries in the People's Republic of China and 1 local subsidiary in Taiwan. It also plans to conduct business activities in Hong Kong and Vietnam. Overseas expansion entails risks including unexpected changes in laws or regulations, adverse political or economic factors, difficulty recruiting and securing personnel, foreign exchange rate fluctuations, and social disruption caused by terrorism, war, or other factors, which may affect business performance.」
The company is broadening the regions targeted for overseas expansion, adding planned business activities in Hong Kong and Vietnam to the existing overseas business risks centered on China and Taiwan. - FY2023RestatedAnnual report
「The Group operates stores and conducts other business activities through 2 local subsidiaries in the People's Republic of China and 1 local subsidiary in Taiwan. Overseas expansion entails risks including unexpected changes in laws or regulations, adverse political or economic factors, difficulty recruiting and securing personnel, foreign exchange rate fluctuations, and social disruption caused by terrorism, war, or other factors, which may affect business performance.」
Following its withdrawal from the United States, the Group continues to describe the risks associated with its China- and Taiwan-based overseas operations, including laws and regulations, political and economic factors, human resources, foreign exchange, and social disruption. - FY2021ReframedAnnual report
「The Group operates stores and conducts other business activities through 2 local subsidiaries in the People's Republic of China and 1 local subsidiary in Taiwan. The U.S. local subsidiaries withdrew from business as of 14 February 2021 in consideration of the impact of the COVID-19 pandemic.」
The Group explicitly stated that, following its withdrawal from the U.S. business, its overseas operations are based in China and Taiwan. - FY2020RestatedAnnual report
「The Group operates stores and conducts other business activities through 3 local subsidiaries in the United States, 2 local subsidiaries in the People's Republic of China, and 1 local subsidiary in Taiwan. Overseas expansion entails risks including unexpected changes in laws or regulations, adverse political or economic factors, difficulty recruiting and securing personnel, foreign exchange rate fluctuations, and social disruption caused by terrorism, war, or other factors.」
The Group continues to describe the risks associated with overseas operations, including laws and regulations, political and economic factors, human resources, foreign exchange, and social disruption. - FY2019First statedAnnual report
「Overseas expansion entails risks including unexpected changes in laws or regulations, adverse political or economic factors, difficulty recruiting and securing personnel, foreign exchange rate fluctuations, and social disruption caused by terrorism, war, or other factors.」
The Group specifically describes the risks associated with overseas operations, including changes in laws and regulations, political and economic factors, securing personnel, foreign exchange, and terrorism and war.