Constraints on business expansion arising from political, regulatory and social conditions in foreign countries

「The Group conducts business and investments in overseas countries and regions, including the United States, China, India, Europe and countries in Latin America. If laws or regulations that differ from those in Japan are enacted or amended in these countries and regions, or if there are changes to established administrative practices, the Group's business activities may not develop as expected, or the recovery of its investments may be delayed or become impossible, potentially affecting the Group's business results and financial condition.」