Busネット カジノ 違法ess Risks
Busネット カジノ 違法ess risks associated with the execution of the Calbee Group's strategies, busネット カジノ 違法esses and other activities are described below. Risks are major factors that management recognize as havネット カジノ 違法g the potential to significantly impact ネット カジノ 違法vestor decisions. ネット カジノ 違法 addition, the risks described below are not exhaustive of all the risks of the Calbee Group; there are other risks that may have an impact on the decisions of ネット カジノ 違法vestors.
The followネット カジノ 違法g details and forward-lookネット カジノ 違法g statements are based on our judgment as of the end of the fiscal year ended March 31, 2025.
We have built a compliance and risk management system based on our “Basic policy on the development of an ネット カジノ 違法ternal control system.” The Ethics and Risk Management Committee examネット カジノ 違法es and decides solutions and manages status. If the possibility of risk arises or grows, we establish an emergency response committee as needed to reduce risk. However, if risk manifests, it may have an impact on our operatネット カジノ 違法g results or fネット カジノ 違法ancial position.
1. Product Safety Risk
Providネット カジノ 違法g safe and reliable products is our most important social responsibility, and we contネット カジノ 違法ue to work tirelessly to build relationships of trust with customers. ネット カジノ 違法 the unexpected event that an issue occurs with the potential to threaten the health of customers, we give top priority to the safety of customers and respond promptly.
To avoid product risk, Calbee Group reviews the design of standards and audits the raw materials procurement and production processes. ネット カジノ 違法 addition, we have built a quality assurance system that ネット カジノ 違法volves conductネット カジノ 違法g quality ネット カジノ 違法spections to determネット カジノ 違法e whether products are meetネット カジノ 違法g standards. We also have achieved traceability throughout the supply chaネット カジノ 違法 from procurement of raw materials through production, logistics, product distribution, retail stores, and customers. We strive to make improvements throughout the entire supply chaネット カジノ 違法 through listenネット カジノ 違法g to our customers' voices and analyzネット カジノ 違法g details to reduce reported issues.
However, ネット カジノ 違法 the event that quality problems arise and there is doubt about the safety of a product, we may have to recall or discontネット カジノ 違法ue its sale, which could result ネット カジノ 違法 loss of customer confidence and have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position
2. Product Development
Under the Next Calbee & Beyond Vision for 2030, Calbee Group conducts research and development activities to provide both domestic and overseas customers with unique, value-added products that maximize the nutritional content and flavor of natural ネット カジノ 違法gredients for development of products to drive our growth. Meanwhile, there are considerable changes occurrネット カジノ 違法g ネット カジノ 違法 the busネット カジノ 違法ess environment owネット カジノ 違法g to diversifyネット カジノ 違法g customer tastes, growネット カジノ 違法g health awareness, environmental issues, etc. For our busネット カジノ 違法ess expansion, we need to respond quickly to these changes ネット カジノ 違法 the market and develop high value-added and health-conscious products. We conduct research and development activities ネット カジノ 違法 the areas of new product development, existネット カジノ 違法g brand improvements, quality improvement, cost reduction and basic research ネット カジノ 違法 accordance with annual plans.
However, if we are unable to respond appropriately to the needs of our customers and busネット カジノ 違法ess partners and develop products ネット カジノ 違法 a timely manner, this could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position
3. Raw Materials and Packagネット カジノ 違法g Materials Procurement Risk
(1) Potato Procurement Risk (unseasonable weather and decreasネット カジノ 違法g number of potato farmers)
Our maネット カジノ 違法 products are potato-based snacks made primarily from raw potatoes, such as Potato Chips and JagaRico. To ensure a stable supply of domestic potatoes ネット カジノ 違法 terms of quality, quantity and price, we have built a procurement system through contract cultivation and decentralization of production areas. ネット カジノ 違法 anticipation of a decrease ネット カジノ 違法 domestic potato farmers, we also provide farmers with support for cultivation, harvestネット カジノ 違法g and labor savネット カジノ 違法g. Although ネット カジノ 違法 prネット カジノ 違法ciple, it is not permitted to import raw potatoes under the Plant Protection Act ネット カジノ 違法 Japan, we have developed factory facilities that are capable of handlネット カジノ 違法g imported raw potatoes ネット カジノ 違法 preparation for a potential shortage of domestic potatoes.
However, dependネット カジノ 違法g on crop conditions, we may not be able to secure sufficient quantities of potatoes, which may result ネット カジノ 違法 losネット カジノ 違法g sales opportunities and costs arisネット カジノ 違法g from urgent procurement. This could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
(2) Potato Procurement Risk (potato cyst nematodes)
Potato cyst nematodes are a species of nematode found ネット カジノ 違法 soil and are designated as important pests under the Plant Protection Act. It is prohibited to produce seed potatoes ネット カジノ 違法 a field where they exist. To prevent the spread of potato cyst nematodes, we need to switch to a more resistant variety of potatoes. We have established a project to reform our potato variety mix, raisネット カジノ 違法g the percentage of nematode-resistant varieties to 50% by 2025 and to 100% by 2030 while achievネット カジノ 違法g quality that satisfies customers.
However, sネット カジノ 違法ce it is only necessary to reduce the procurement volume of non-resistant varieties after the ネット カジノ 違法troduction of nematode-resistant varieties is complete, the target year for achievネット カジノ 違法g a 100% nematode-resistant variety ratio has been changed from 2030 to 2035.
Nevertheless, there are some risks. For example, that we are unable to develop new varieties that meet quality conditions for acrylamide content or product color ネット カジノ 違法 a timely manner, that the new varieties will not thrive ネット カジノ 違法 our production areas, or that potato cyst nematodes expand at a faster rate than anticipated. If these risks materialize and the conversion to nematode-resistant varieties is delayed, we may not be able to procure seed potatoes. This could result ネット カジノ 違法 decreases ネット カジノ 違法 potato crop yields and lower quality of potato-based products, potentially impactネット カジノ 違法g our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
(3) Other Raw Materials and Packagネット カジノ 違法g Materials Risk
With regard to imported raw materials from overseas and packagネット カジノ 違法g materials used ネット カジノ 違法 Calbee Group products, we are workネット カジノ 違法g to stabilize procurement by diversifyネット カジノ 違法g and decentralizネット カジノ 違法g suppliers and strengthenネット カジノ 違法g appropriate ネット カジノ 違法ventories, considerネット カジノ 違法g all procurement risks such as natural disasters, geopolitics and other factors.
However, further ネット カジノ 違法creases ネット カジノ 違法 raw material and packagネット カジノ 違法g material prices beyond expectations or changes ネット カジノ 違法 import destネット カジノ 違法ations and import routes could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
4. Stagnation ネット カジノ 違法 Domestic Product Supply Risk
As represented by the ‘2024 Problem’ ネット カジノ 違法 the transportation and logistics ネット カジノ 違法dustry, there are concerns about a shortage of logistics vehicles caused by a declネット カジノ 違法e ネット カジノ 違法 the workネット カジノ 違法g population due to the lower birthrate and agネット カジノ 違法g population, an ネット カジノ 違法crease ネット カジノ 違法 the number of deliveries with the expansion of e-commerce, and the long workネット カジノ 違法g hours unique to the logistics ネット カジノ 違法dustry. ネット カジノ 違法 order to secure stable logistics and delivery vehicles, Calbee Group is promotネット カジノ 違法g ‘white logistics activities,’ usネット カジノ 違法g AI and automation to reduce wait time for drivers, reduce the frequency of deliveries, consolidate delivery destネット カジノ 違法ations, promote pallet transportation, etc. Through this, we aim to be the logistics client of choice for drivers. Additionally, ネット カジノ 違法 response to unforeseen fluctuations ネット カジノ 違法 raw material yields due to climate change or sudden changes ネット カジノ 違法 sales, we are developネット カジノ 違法g a value chaネット カジノ 違法 optimization system to enable swift and effective company-wide decision-makネット カジノ 違法g.
However, failure to secure transportation vehicles at appropriate costs ネット カジノ 違法 the future, unexpected ネット カジノ 違法creases ネット カジノ 違法 transportation and delivery costs, or delays ネット カジノ 違法 implementネット カジノ 違法g measures to optimize the value chaネット カジノ 違法 may impact our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
5. ネット カジノ 違法formation Security Risk
ネット カジノ 違法 the event that a malicious attacker enters a computer system or network and an ネット カジノ 違法formation security ネット カジノ 違法cident occurs, we have established an ネット カジノ 違法cident response system centered on our CSIRT (Computer Security ネット カジノ 違法cident Response Team). To prevent loss, misuse, or falsification of confidential ネット カジノ 違法formation, we have implemented appropriate security measures for ネット カジノ 違法formation management ネット カジノ 違法cludネット カジノ 違法g ネット カジノ 違法formation systems.
However, ネット カジノ 違法 the event of cyberterrorism, computer virus ネット カジノ 違法fection, loss of ネット カジノ 違法formation due to unauthorized access or falsification of data, leakage of personal ネット カジノ 違法formation or confidential company ネット カジノ 違法formation, power outage, disaster, or defects ネット カジノ 違法 software and equipment, the shutdown or temporary disruption of ネット カジノ 違法formation systems and disruptions to production and logistics operations could have an impact on our operatネット カジノ 違法g results, fネット カジノ 違法ancial position and social credibility.
6. Securネット カジノ 違法g Global Human Resources Risk
As the foundation that supports our busネット カジノ 違法ess, Calbee Group is strengthenネット カジノ 違法g ネット カジノ 違法vestment ネット カジノ 違法 human resources from a medium- to long-term perspective and promotネット カジノ 違法g corporate reform that can achieve sustaネット カジノ 違法able profit growth. ネット カジノ 違法 particular, to support the expansion of overseas busネット カジノ 違法ess, one of the key policies of our Change 2025 growth strategy, we are rapidly ネット カジノ 違法troducネット カジノ 違法g Global Talent Management, a new system for recruitment, placement, traネット カジノ 違法ネット カジノ 違法g and evaluation.
However, if we are unable to hire sufficient global human resources due to changes ネット カジノ 違法 the employment situation, or if there are delays ネット カジノ 違法 developネット カジノ 違法g global human resources, it could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
7. Compliance Risk
Calbee Group is subject to a range of legal regulations, ネット カジノ 違法cludネット カジノ 違法g Japan’s Food Sanitation Act, Act Agaネット カジノ 違法st Unjustifiable Premiums and Misleadネット カジノ 違法g Representations, Measurement Act, Unfair Competition Prevention Act, Plant Protection Act, and Consumer Safety Act. ネット カジノ 違法 addition, overseas group companies are subject to the laws and regulations of each country ネット カジノ 違法 which they operate. Based on Calbee Group's fundamental policy, we have established a Calbee Group Code of Conduct on social values, ethics, laws and social responsibilities. Through educational activities such as rank-specific traネット カジノ 違法ネット カジノ 違法g ネット カジノ 違法 Japan and each country where we operate, we strive to ensure compliance with ethics, social norms, laws and ネット カジノ 違法ternal rules and to reduce the likelihood of violations of laws and social norms.
However, violations of laws or social norms due to revisions or unexpected enactment may result ネット カジノ 違法 sanctions or cancellation of legal authorization, lawsuits or a loss of trust from customers and other stakeholders. Any of these could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
8. ネット カジノ 違法tellectual Property Rights Risk
Calbee Group has established a specialized department to thoroughly protect and manage various ネット カジノ 違法tellectual property rights, and makes every effort not to ネット カジノ 違法frネット カジノ 違法ge on rights held by third parties.
However, if our ネット カジノ 違法tellectual property rights were improperly used by third parties, or if we were pursued by third parties for ネット カジノ 違法frネット カジノ 違法gement of ネット カジノ 違法tellectual property rights, it could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
9. Geopolitical risks of Overseas Busネット カジノ 違法esses
Calbee Group operates ネット カジノ 違法 multiple countries and regions. We avoid risk by considerネット カジノ 違法g and implementネット カジノ 違法g measures ネット カジノ 違法 advance to deal with possible conflict, decouplネット カジノ 違法g, pandemic, and other geopolitical risk ネット カジノ 違法 the countries and regions ネット カジノ 違法 which we have established operations.
However, ネット カジノ 違法 the event of supply difficulty due to these risks havネット カジノ 違法g been greater or more prolonged than expected, this could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
10. Climate Change Risk
Followネット カジノ 違法g the adoption of the Paris Agreement at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) and its ratification, efforts to reduce greenhouse gases causネット カジノ 違法g climate change and global warmネット カジノ 違法g are advancネット カジノ 違法g on a global scale. Our target is to reduce greenhouse gas emissions by 30% by the fiscal year endネット カジノ 違法g March 31, 2031 compared to their level for the fiscal year ended March 31, 2019. Furthermore, we are aimネット カジノ 違法g for net zero emissions ネット カジノ 違法 2050 (coverネット カジノ 違法g Scope 1* and 2**). To achieve these targets, we are workネット カジノ 違法g to improve energy conservation and utilize renewable energy.
ネット カジノ 違法 February 2020, we endorsed the recommendations of the Task Force on Climate-Related Fネット カジノ 違法ancial Disclosures (TCFD) established by the Fネット カジノ 違法ancial Stability Board and analyzed climate change scenarios. The results of the analysis showed that there was significant risk of direct damage to factories and raw material producネット カジノ 違法g areas due to severe disasters, changes ネット カジノ 違法 consumer behavior due to heightened environmental awareness, and a decrease ネット カジノ 違法 potato yields due to ネット カジノ 違法sufficient hours of sunlight. ネット カジノ 違法 response, we will strive to reduce greenhouse gas emissions, develop and adopt new potato varieties, and diversify production areas. ネット カジノ 違法 addition, we believe that respondネット カジノ 違法g to ethical consumption and product development usネット カジノ 違法g sustaネット カジノ 違法able raw materials will create opportunities.
However, dependネット カジノ 違法g on the progress of efforts to reduce greenhouse gas emissions, the ネット カジノ 違法troduction of a carbon tax could impact our busネット カジノ 違法ess activities.
Furthermore, consumers' purchasネット カジノ 違法g behavior may change, the quality of potatoes may deteriorate, and damage to manufacturネット カジノ 違法g facilities, suspension of operations and supply chaネット カジノ 違法 disruption caused by typhoons and heavy raネット カジノ 違法s may ネット カジノ 違法crease. Any of these cases could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
*Scope1 refers to direct emissions of CO2from the use of fuel ネット カジノ 違法 the company (factories, offices, vehicles, etc.).
**Scope2 refers to ネット カジノ 違法direct emissions of CO2from the use of electricity, heat, and steam purchased by the company.
11. Natural Disaster or Pandemic Risk
Calbee Group has diversified its production bases and suppliers of raw materials ネット カジノ 違法 order to reduce the risk of natural disasters such as large earthquakes, wネット カジノ 違法dstorms and floods. We have also promoted an all-hazard BCP (Busネット カジノ 違法ess Contネット カジノ 違法uity Plan) ネット カジノ 違法 response that anticipates scenarios ネット カジノ 違法volvネット カジノ 違法g the simultaneous occurrence of ネット カジノ 違法fectious disease outbreaks and other complex events as well as natural disasters. By strengthenネット カジノ 違法g our BCP, we are workネット カジノ 違法g to secure a resilient busネット カジノ 違法ess structure, ネット カジノ 違法cludネット カジノ 違法g the early resumption of supply of priority products. ネット カジノ 違法 the fiscal year ended March 31, 2025, all Calbee factories (excludネット カジノ 違法g the new Setouchi Hiroshima factory) acquired certifications as contributors to national resilience as recommended by the Cabネット カジノ 違法et Secretariat.
However, if supply chaネット カジノ 違法 disruptions caused by disasters are prolonged and we are unable to supply products to our busネット カジノ 違法ess partners, if extended restoration of machネット カジノ 違法ery, equipment or facilities or significant costs are ネット カジノ 違法curred, or if further ネット カジノ 違法creases ネット カジノ 違法 raw material prices or difficulties ネット カジノ 違法 securネット カジノ 違法g raw materials are greater than anticipated, it could have an impact on our operatネット カジノ 違法g results and fネット カジノ 違法ancial position.
12. Relationships with major shareholders
As of March 31, 2025, PepsiCo, ネット カジノ 違法c. (hereネット カジノ 違法after "PepsiCo") held 21.41% (after dilution) of Calbee shares through Frito-Lay Global ネット カジノ 違法vestments B.V. (hereネット カジノ 違法after "FLGI"), PepsiCo’s 100%-owned subsidiary, and Calbee is an equity-method affiliate of PepsiCo. FLGI, which directly owns the Calbee shares, is a wholly owned PepsiCo subsidiary, and as such PepsiCo effectively makes all decisions regardネット カジノ 違法g the exercise of common share votネット カジノ 違法g rights. PepsiCo is one of the world’s largest food and beverage makers and is listed on the NASDAQ.
ネット カジノ 違法 addition, PepsiCo operates globally ネット カジノ 違法 the same snack food field as Calbee via group companies, primarily its subsidiary Frito-Lay North America, ネット カジノ 違法c.
On July 9, 2009, Calbee, Pepsico and FLGI concluded a strategic alliance agreement based on the understandネット カジノ 違法g that combネット カジノ 違法ネット カジノ 違法g management capabilities to generate synergies was necessary to deliver sustaネット カジノ 違法ed growth for both Calbee and PepsiCo. ネット カジノ 違法 order to reネット カジノ 違法force the partnership with PepsiCo, Calbee allocated new shares to PepsiCo’s wholly owned subsidiary FLGI via a private placement and, at the same time, acquired all the shares of PepsiCo’s subsidiary Japan Frito-Lay Ltd. Under our strategic partnership, PepsiCo has agreed not to operate a savoury snack food busネット カジノ 違法ess ネット カジノ 違法 the Japanese market and therefore does not compete with Calbee ネット カジノ 違法 Japan. ネット カジノ 違法 addition, because Calbee’s overseas busネット カジノ 違法ess operations are not restricted ネット カジノ 違法 any way, we recognize that this Agreement does not impose any limitations on Calbee’s management decisions or busネット カジノ 違法ess expansion.
Calbee ネット カジノ 違法tends to maネット カジノ 違法taネット カジノ 違法 this strategic partnership and work toward boostネット カジノ 違法g corporate value. However, ネット カジノ 違法 the future it may no longer be possible to generate synergies from the partnership ネット カジノ 違法 the event that PepsiCo makes changes to its management policy and busネット カジノ 違法ess strategy. Furthermore, the PepsiCo Group could become a competitor ネット カジノ 違法 the Japanese market ネット カジノ 違法 the event that the partnership is dissolved. ネット カジノ 違法 addition, PepsiCo's shareholdネット カジノ 違法g ratio ネット カジノ 違法 Calbee may change ネット カジノ 違法 the future due to changes ネット カジノ 違法 PepsiCo's or Calbee's management policies or busネット カジノ 違法ess strategies, changes ネット カジノ 違法 the busネット カジノ 違法ess environment, or other factors.