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  6. 5. Public Regulations, Public Policy, and Tax Matters

Business and Other Risks

5. Public Regulations, Public Policy, and Tax Matters

The business operations of the Fujitsu Group are global in scope, and are therefore impacted by a variety of public regulations, public policies, tax laws and other such factors in all countries where the Group does business. Specifically, wherever it operates, the Group must comply with a variety of government policies, regulations, such as authorizations for business or investment, import/export regulations and restrictions, as well as laws and regulations pertaining to antimonopoly policies, intellectual property rights, the information security, consumers, the environment and recycling, labor conditions, subcontracting, and taxation. These policies, laws and regulations might be the barrier for promoting our business in certain countries or regions, and the Fujitsu Group’s earnings might be affected by increased compliance costs associated with measures to make stricter or otherwise revise such policies, laws and regulations, or by liabilities stemming from fines in cases where the company is found to have committed a violation. We also provide solutions in certain fields and business domains such as healthcare, communications, and construction that are subject to other public regulations, meaning that regulatory trends in these sectors may potentially impact the Group’s business.