Risks that may greatly affect investors’ decision about our group are as follows, with the proviso that references to the future here reflect our judgment as of March 25th, 2024, the day we submitted financial statements. For details, please refer to the 【Risks involved in business and others】 section in the financial statements.
* The financial statements are only posted on our Japanese language site.

(1) Market fluctuations of raw materials and fuel materials market
(2) Impact of seasonal fluctuations in sales
(3) Country risk associated with international trade
(4) Risk associated with natural disasters, accidents, and terrorism etc.
(5) Impact of information system and logistics system failures
(6) Protection of personal information
(7) Product safety
(8) Reliance on specific executives and recruitment of senior management
(9) Impairment of fixed assets
(10) Inventory risk
(11) Risk associated with mergers and acquisitions (M&A) and partnerships
(12) Risk associated with misconduct by directors and employees
(13) Impact of infectious diseases