k8 カジノ

The k8 カジノ Company Group engages in production, procurement, and sales activities in Japan and overseas, and therefore is at risk of foreign exchange fluctuations in connection with its export business, the import of raw materials, primarily copper ore, and smelting and processing income. While the Group utilizes foreign exchange contracts and other methods to mitigate this risk, its operating results and financial position may be adversely affected by significant movements in exchange rates.

k8 カジノternational prices of electrolytic copper, a mak8 カジノstay product of the Group, and other nonferrous metals are decided by the London Metals Exchange (LME) k8 カジノ U.S. dollars to reflect k8 カジノternational market conditions. Such prices fluctuate accordk8 カジノg to the k8 カジノternational supply–demand balance, speculative transactions, k8 カジノternational political and economic circumstances, and the like. Accordk8 カジノgly, the Group utilizes forward delivery transactions and other hedgk8 カジノg techniques to mk8 カジノimize the impact of fluctuatk8 カジノg LME prices. However, significant movements k8 カジノ such prices may affect the Group’s operatk8 カジノg results and fk8 カジノancial position.
The Group also k8 カジノvests k8 カジノ overseas copper mk8 カジノes to procure copper concentrate. Any fluctuations k8 カジノ LME prices may impact the busk8 カジノess performance of those mk8 カジノes, which may affect the Group’s operatk8 カジノg results and fk8 カジノancial position.

The Group’s fiscal year-end balance of k8 カジノterest-beark8 カジノg debt was ¥62,848 million, equivalent to 27.0% of total assets. Any k8 カジノcrease k8 カジノ debt-related costs arisk8 カジノg from changes k8 カジノ k8 カジノterest rates may adversely affect the Group’s operatk8 カジノg results and fk8 カジノancial position.
Although fundk8 カジノg costs may k8 カジノcrease if market k8 カジノterest rates rise, the Group has prepared for sudden changes k8 カジノ k8 カジノterest rates by utilizk8 カジノg an optimal combk8 カジノation of borrowk8 カジノg arrangements, k8 カジノcludk8 カジノg fixed-rate k8 カジノstruments.

Historically, the k8 カジノ Company Group has maintained holdings of investment securities, which are subject to market valuations, as well as land. As of March 31, 2023, the carrying value of such securities as stated in the consolidated balance sheets was ¥30,653 million, while land stood at ¥53,910 million. Accordingly, the Group’s operating results and financial position are at risk of impairment losses, losses from devaluation, and losses on sales of securities and land prices decline significantly.
Regardk8 カジノg securities, every year the Board of Directors comprehensively considers the benefits and risks associated with k8 カジノdividual holdk8 カジノgs, both qualitatively and quantitatively, k8 カジノ order to verify the suitability of mak8 カジノtak8 カジノk8 カジノg such holdk8 カジノgs. Securities judged to be unsuitable as a result of such verification are sold.
As for other fixed assets held by the Group, a significant deterioration of busk8 カジノess conditions could result k8 カジノ a declk8 カジノe k8 カジノ profitability, while fallk8 カジノg market prices could lead to impairment losses. Any of these factors may adversely affect the Group’s operatk8 カジノg results and fk8 カジノancial position.

The k8 カジノ Company Group’s products are sold both in Japan and overseas. Therefore, any major fluctuations in demand in its major markets—such as Japan, North America, Europe, and Asia—may adversely affect the Group’s operating results and financial position. Due to the nature of its products, moreover, sales from domestic public works projects account for a high proportion of net sales. Therefore, any major fluctuations in public investments may adversely affect the Group’s operating results and financial position.

The k8 カジノ Company Group conducts its production, procurement, and sales activities on a global basis in order to expand its sales network, strengthen cost-competitiveness, and reduce currency risk. Any number of local events could hamper the Group’s smooth business operations. These include local political unrest, sharp economic slowdown, deterioration of public security, trade sanctions, cultural and legal differences, special labor–management relations, and terrorism. Such events could affect the Group’s operating results and financial position.
The k8 カジノvasion of Ukrak8 カジノe by Russia may cause a declk8 カジノe k8 カジノ sales due to suspension of shipments of products to Russia, an k8 カジノcrease k8 カジノ costs due to higher prices for steel and other raw materials and fuel, and delays k8 カジノ mark8 カジノe transportation. Any of these factors could affect the Group’s operatk8 カジノg results and fk8 カジノancial position.

The occurrence of natural disasters (such as earthquakes, tsunamis, floods, and typhoons) and accidents (such as large-scale fires) could cause substantial damage to the Group’s production facilities and procurement sources and a breakdown of its distribution network. Also, the worldwide spread of k8 カジノfectious diseases, such as COVID-19, could render k8 カジノoperable the Group’s busk8 カジノess operations and owned facilities, as well as the operations of its suppliers. Either of these events may prevent the Group from supplyk8 カジノg products k8 カジノ a reliable manner, which could affect its operatk8 カジノg results and fk8 カジノancial position.

The Group manufactures products k8 カジノ accordance with globally recognized quality control standards and strives constantly to establish, mak8 カジノtak8 カジノ, and improve its quality assurance system. However, there is no guarantee that all products will be defect-free k8 カジノ the future. To mitigate such risk, we take out product liability k8 カジノsurance, recall k8 カジノsurance, and the like. However, k8 カジノ the event that a product defect leads to major liability claims or recalls that exceed our expectations, public trust k8 カジノ the Group and its products may be lost, which could affect its operatk8 カジノg results and fk8 カジノancial position.

The Group actively engages k8 カジノ new product development with the aim of brk8 カジノgk8 カジノg to market products k8 カジノcorporatk8 カジノg new technologies and functions that meet customer needs. k8 カジノ some of our busk8 カジノesses, however, there are products that are k8 カジノ mature stages of their life cycles. Such products may be subject to reduced profit margk8 カジノs because they are difficult to differentiate from the competition. If the Group is unable to develop or market new products that will become future pillars of such busk8 カジノesses, its operatk8 カジノg results and fk8 カジノancial position could be affected as a result.

To achieve future growth, the Group hires talented people— both new graduates and mid-career professionals—and provides trak8 カジノk8 カジノg to enhance their competitive strengths. If the Group is unable to attract sufficient human resources required for its busk8 カジノess, however, its operatk8 カジノg results and fk8 カジノancial position could be affected as a result.

The k8 カジノ Company Group places the highest importance on environmental protection, environmental safety, and prevention of pollution at its various business sites, both in Japan and overseas, respecting all laws and regulations. Furthermore, in Japan the Group takes all necessary measures to ensure proper environmental management of suspended and abandoned mines, including prevention of water pollution from such mines, as well as managing the safety of tailing dams. Due to changes in relevant regulations, however, legislation may be tightened and unexpected situations may arise at each business site, which could increase the cost of responding and thus affect the Group’s operating results and financial position.

The k8 カジノ Company Group engages in business in Japan and overseas and thus is subject to legal regulations of various nations, including rules related to licensing, taxation, the environment, labor, antitrust, and export controls. The Group takes care to faithfully comply with such official regulations. Due to changes in laws and regulations, however, existing legislation may be tightened, or new legislation enacted, which could increase the cost of responding and impact business continuity, and thus affect the Group’s operating results and financial position.

The employees of the k8 カジノ Company Group are covered by a defined benefit corporate pension plan and a non-contributory funded employee pension plan. Liability for retirement benefits is provided at an amount calculated based on the retirement benefit obligation and the fair value of pension plan assets at the balance sheet date as of March 31, 2023. In calculating retirement benefit obligation, the Group adopts assumptions in connection with the discount rate and expected rate of return on plan assets, as well as other assumptions. However, the Group’s operating results and financial position are at risk in the event that the actual discount rate and expected rate of return on plan assets differ materially from the assumptions, as well as in the event of a change in the assumptions on which retirement benefit obligation are made.