Foreign Exchange, Regulatory and Social Environment Risks Associated with Overseas Expansion
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2022: 38 of 76 companies on the "Worse" side.
38 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「For the Group, overseas business operations are limited. In expanding its business overseas, the Group is working to mitigate risks, including by utilizing local companies.」
While identifying risks related to foreign exchange, regulations, social conditions, and infectious diseases associated with overseas expansion, the company continues to mitigate them by utilizing local companies. - FY2021RestatedAnnual report
「For the Group, overseas business operations are limited. In expanding its business overseas, the Group is working to mitigate risks, including by utilizing local companies.」
The company discloses risks related to foreign exchange, regulations, social conditions, and infectious diseases associated with its overseas business, while explaining that its overseas operations are limited and that it utilizes local companies. - FY2017RestatedAnnual report
「The Group promotes and develops its business outside Japan, but this entails risks including foreign-exchange risk, barriers arising from business practices, natural disasters, political upheaval, social and economic conditions, and amendments to laws and tax systems.」
Risks related to foreign exchange, business practices, natural disasters, political upheaval, socioeconomic conditions, and changes in laws and tax regulations arising from overseas expansion continue to be disclosed. - FY2017-Q3RestatedAnnual report
「Meanwhile, the global economy remained uncertain due to factors including slower growth in China, the UK's EU withdrawal and the U.S. presidential election in November.」
The uncertainty of the global economy due to factors including slower growth in China, the UK's EU withdrawal and the U.S. presidential election continues to be identified as an external factor relevant to overseas operations. - FY2017-Q2RestatedAnnual report
「During the second quarter of the fiscal year, Japan's economy saw volatile currency and equity markets amid the slowdown in China's economy and the UK's EU withdrawal issue.」
The instability of currency and market conditions against a backdrop of China's economic slowdown and the UK's EU withdrawal issue continues to be disclosed as an external factor relevant to overseas expansion. - FY2017-Q1WorsenedAnnual report
「In addition, economic conditions in emerging markets such as China showed signs of slowing, and inbound demand also levelled off.」
The external environment relevant to overseas expansion includes the economic slowdown in emerging markets such as China and the levelling off of inbound demand. - FY2016First statedAnnual report
「The Group promotes and develops its business outside Japan, but this entails risks including foreign-exchange risk, barriers arising from business practices, natural disasters, political upheaval, social and economic conditions, and amendments to laws and tax systems. If these issues were to become pronounced, they could affect the Group's business activities, operating performance and financial condition.」
As overseas operations, including in China, expand, the company identifies foreign-exchange movements, business practices, natural disasters, political upheaval, social and economic conditions, and changes to laws and tax systems as risks.