ネット カジノ 違法
ネット カジノ 違法 associated with the execution of the Calbee Group's strategies, businesses and other activities are described below. Risks are major factors that management recognize as having the potential to significantly impact investor decisions. In addition, the risks described below are not exhaustive of all the risks of the Calbee Group, and there are other risks that may have an impact on the decisions of investors.
The following details and forward-looking statements are based on our judgment as of the end of the fiscal year ended March 31, 2024.
We have built a compliance and risk management system based on our “Basic policy on the development of an internal control system”. The Ethics and Risk Management Committee examines 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 operating results or financial position.
1. Product Safety Risk
Providing safe and reliable products is our most important social responsibility, and we continue to work tirelessly to build relationships of trust with customers. ネット カジノ 違法he 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. In addition, we have built a quality assurance system that involves conducting quality inspections to determine whether products are meeting standards. We also have achieved traceability throughout the supply chain from procurement of raw materials through production, logistics, product distribution, retail stores, and customers. We strive to improve supply chain management ネット カジノ 違法he entire supply chaネット カジノ 違法hrough listening to our customers' voices and analyzing details to reduce issues they report.
However, ネット カジノ 違法he event that quality problems arise and there is doubt about the safety of a product, we may have to recall or discontinue its sale, which could result in loss of customer confidence and have an impact on our operating results and financial 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 ingredients as product development to drive our growth. Meanwhile, there are considerable changes occurring ネット カジノ 違法he business environment owing to diversifying customer tastes, growing health awareness, environmental issues, etc. For our business expansion, we need to respond quickly to these changes ネット カジノ 違法he market and develop high value-added and health-conscious products. We conduct research and development activities ネット カジノ 違法he areas of new product development, existing brand improvements, quality improvement, cost reduction and basic research in accordance with annual plans.
However, if we are unable to respond appropriately to the needs of our customers and business partners and develop products in a timely manner, this could have an impact on our operating results and financial position.
3. Raw Materials and Packaging Materials Procurement Risk
(1) Potato Procurement Risk (unseasonable weather and decreasing number of potato farmers)
Our main products are potato-based snacks made primarily from raw potatoes, such as Potato Chips and JagaRico. To ensure stable supply of domestic potato ネット カジノ 違法erms of quality, quantity, and price, we have built a procurement system through contract cultivation and decentralization of production areas. In anticipation of a decrease in domestic potato farmers, we also provide farmers with support for cultivation, harvesting and labor saving. Although in principle, it is not permitted to import raw potatoes under the Plant Protection Law in Japan, we have developed factory facilities that are capable of handling imported raw potatoes in preparation for a potential shortage of domestic potatoes.
However, depending on the crop conditions, we may not be able to secure sufficient quantities of potatoes, which may result in losing sales opportunities and costs arising from urgent procurement. This could have an impact on our operating results and financial position.
(2) Potato Procurement Risk (potato cyst nematodes)
Potato cyst nematodes are a species of nematodes ネット カジノ 違法he soil and are designated as important pests under the Plant Protection Law. It is prohibited to produce seed potatoes ネット カジノ 違法he field where they occur. 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 the potato variety mix, raising the percentage of nematode-resistant varieties to 50% by 2025 and to 100% by 2030 while achieving quality that satisfies customers.
However, there are risks: that we cannot develop new varieties that meet quality conditions including crop season, acrylamide and color of products in a timely manner, that the new varieties will not spread throughout the production area, and that potato cyst nematodes expand at a greater-than-expected rate. If these risks materialize and the conversion to nematodes-resistant varieties is delayed, we may not be able to procure seed potatoes. This could result in decreases in potato crop yields and worsened quality of potato-based products, which could have an impact on our operating results and financial position.
(3) Other Raw Materials and Packaging Materials Risk
With regard to imported raw materials from overseas and packaging materials used in Calbee Group products, we are working to stabilize procurement by diversifying and decentralizing our suppliers and strengthening appropriate inventories, considering all procurement risks such as natural disasters, geopolitics and other factors.
However, further increases in raw material and packaging material prices beyond expectations or changes in import destinations and import routes could have an impact on our operating results and financial position.
4. Stagnation in Domestic Product Supply Risk
As represented by the ‘2024 Issue’ ネット カジノ 違法he transportation and logistics industry, there are concerns about a shortage of transportation vehicles caused by a decline ネット カジノ 違法he working population due to the lower birthrate and aging population, an increase the number of deliveries with the expansion of e-commerce, and the long working hours unique to the logistics industry. In order to stably secure transport and delivery vehicles, Calbee Group is promoting "White logistics activities," including reducing drivers’ waiting times via automation and AI, reducing the frequency of deliveries, consolidating delivery destinations, promoting pallet transportation, etc. Through this, we aim to be the logistics client of choice for drivers.
However, there is no assurance we can secure transport vehicles at appropriate costs ネット カジノ 違法he future, and this may result in stagnation in our product supply or higher delivery costs, which could have an impact on our operating results and financial position.
5. Information Security Risk
ネット カジノ 違法he event that a malicious attacker enters a computer system or network and an information security incident occurs, we have established an incident response system centered on CSIRT (Computer Security Incident Response Team). To prevent the loss, misuse, and falsification of confidential information, we have implemented appropriate security measures for information management including information systems.
However, ネット カジノ 違法he event of cyberterrorism, computer virus infection, loss of information or falsification of data, leakage of personal information and company confidential information due to unauthorized access, power outage, disaster, or defects in software and equipment, the shutdown or temporary disruption of information systems could have an impact on our operating results, financial position and social credibility.
6. Securing Global Human Resources Risk
As the foundation that supports our business, Calbee Group is strengthening investment in human resources from a medium- to long-term perspective and promoting corporate reform that can achieve sustainable profit growth. In particular, to support the expansion of overseas business, one of the key policies of our "Change 2025" growth strategy, we are rapidly introducing "Global Talent Management," a new system for recruitment, placement, training and evaluation.
However, if we are unable to hire sufficient global human resources due to changes ネット カジノ 違法he employment situation, or if there are delays in developing global human resources, it could have an impact on our operating results and financial position.
7. Compliance Risk
Calbee Group is subject to a range of legal regulations, including Japan’s Food Sanitation Act, Act Against Unjustifiable Premiums and Misleading Representations, Measurement Act, Unfair Competition Prevention Act, Plant Protection Act, and Consumer Safety Act. In addition, our group companies overseas are subject to the laws and regulations of each country in which we 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. We have also formulated “Calbee Group Guidelines of Conduct” to define material actions. Through educational activities such as rank-specific training in Japan and each country where we operate, we strive to ensure compliance with ethics, social norms, laws and internal rules and to reduce the likelihood of violations of laws and social norms.
However, violations of laws and social regulations due to revisions or unexpected enactment may result in 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 operating results and financial position.
8. Intellectual Property Rights Risk
Calbee Group has established a specialized department to thoroughly protect and manage various intellectual property rights, and we also make every effort not to infringe on rights held by third parties.
However, if our intellectual property rights were improperly used by third parties, or if we were pursued by third parties for infringement of intellectual property rights, it could have an impact on our operating results and financial position
9. Changes ネット カジノ 違法he Political and Economic Conditions of Overseas Businesses Risk
Calbee Group operates in multiple countries and regions. We avoid risk by considering and implementing measures in advance to deal with possible conflict, decoupling, pandemic, and other geopolitical risk ネット カジノ 違法he countries and regions in which we have established operations.
However, ネット カジノ 違法he event of supply difficulty because these risks were greater or more prolonged than expected, this could have an impact on our operating results and financial position.
10. Climate Change Risk
Following 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 causing climate change and global warming are advancing on a global scale. Our medium-term target is to reduce greenhouse gas emissions by 30% by 2030 compared to the fiscal year ended March 31, 2019 level. Furthermore, we are aiming for net zero emissions in 2050 (covering Scope1* and 2**). To achieve this target, we are working to improve energy conservation and utilize renewable energy.
In February 2020, we endorsed the recommendations of the Climate-related Financial Disclosure Task Force (TCFD) established by the Financial Stability Board and analyzed climate change scenarios. The results of the analysis showed that direct damage to factories and raw material producing areas due to severe disasters, changes in consumer behavior due to heightened environmental awareness, and a decrease in potato yields due to insufficient hours of sunlight were significant. In response, we will strive to reduce greenhouse gas emissions, convert potato varieties, develop new varieties, and diversify production areas. In addition, we believe that responding to ethical consumption and product development using sustainable raw materials will create opportunities (we provide detailed disclosures based on the TCFD framework via our Group Integrated Report, etc.).
However, depending on the progress of efforts to reduce greenhouse gas emissions, the introduction of a carbon tax could impact our business activities. Furthermore, consumers' purchasing behavior may change, the quality of potatoes may deteriorate, and damage to manufacturing facilities, suspension of operations and supply chain disruption caused by typhoons and heavy rains may increase. Any of these cases could have an impact on our operating results and financial position.
*Scope1 refers to direct emissions of CO2 from the use of fuel ネット カジノ 違法he company (factories, offices, vehicles, etc.).
**Scope2 refers to indirect emissions of CO2 from 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 in order to reduce the risk of natural disasters such as large earthquakes, windstorms and floods. We have also promoted an all-hazard BCP (Business Continuity Plan) in response to the recent supply chain disruption caused by the expansion of COVID-19 ネット カジノ 違法he event of a multiple disaster. By strengthening our BCP, we are working to secure a resilient business structure, including the early resumption of supply of priority products.
However, if supply chain disruptions caused by disasters are prolonged and we are unable to supply products to our business partners, if extended restoration of machinery, equipment or facilities or significant costs are incurred, or if further increases in raw material prices or difficulties in securing raw materials are greater than anticipated, it could have an impact on our operating results and financial position.
12. Relationships with major shareholders
As of March 31, 2024, PepsiCo, Inc. (hereinafter "PepsiCo") held 21.41% (after dilution) of Calbee shares through FRITO-LAY GLOBAL INVESTMENTS B V. (hereinafter "FLGI"), a PepsiCo's 100% subsidiary, and Calbee is an equity-method affiliate of PepsiCo. FLGI, which directly owns the shares of Calbee, is a wholly owned PepsiCo subsidiary, and as such PepsiCo effectively makes all decisions regarding the exercise of common share voting rights. PepsiCo is one of the world’s largest food and beverage makers and is listed on the US NASDAQ stock market. In addition, PepsiCo operates globally ネット カジノ 違法he same snack food field as Calbee via group companies, primarily its subsidiary Frito-Lay North America, Inc. On June 24, 2009, Calbee and PepsiCo concluded a strategic alliance agreement, based on the understanding that combining management capabilities to generate synergies was necessary to deliver sustained growth for both companies. In order to reinforce 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 the strategic partnership, PepsiCo has agreed not to operate a snack food business ネット カジノ 違法he Japanese market and therefore does not compete with Calbee in Japan. In addition, because no restrictions are placed on overseas business development, Calbee believes there are no limits on its management decisions or business development under the agreement. Calbee intends to maintaネット カジノ 違法his strategic partnership and work toward boosting corporate value.
However, ネット カジノ 違法he future it may no longer be possible to generate synergies from the partnership ネット カジノ 違法he event that PepsiCo makes changes to its management policy and business strategy. Furthermore, the PepsiCo Group could become a competitor ネット カジノ 違法he Japanese market ネット カジノ 違法he event that the partnership is dissolved. In addition, PepsiCo's shareholding ratio in Calbee may change ネット カジノ 違法he future due to changes in PepsiCo's or Calbee's management policies or business strategies, changes ネット カジノ 違法he business environment, or other factors.