Risk of New Investment Businesses Falling Short of Plan
First written in FY2017-Q3. 15 of 24 entries say "Restated". Latest entry: 2026-08-14.
Kitahama Capital Partners moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 15 of 49 companies on the "Worse" side.
68 other companies' latest entry also says "Restated".
- 2026-08-14RestatedOccurring Fact
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
蓄電所開発等の対応策を示す一方、市場、需要、競合、資金調達及び事業計画の達成に関する不確実性を継続記載している。 - FY2026RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
While presenting monetization measures involving battery storage facility development, data centers and other initiatives, the Company continues to disclose material uncertainty affected by market conditions, demand, competition, financing and achievement of the business plans. - 2026-05-15WorsenedOccurring Fact
「次期の業績予想は、これらの案件について今後販売が成立することを前提として算定しておりますが、販売先との交渉状況、市場環境の変化、資金調達の進捗等により、計画どおりに案件の売却が進まない可能性があります。」
2027年3月期の業績予想が、販売に関する正式な売買契約が未締結の蓄電所開発案件の成立を前提としていることを明示した。 - FY2025-H1RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose material uncertainty arising from the possibility of failing to meet the business plans and dependence on market conditions, demand, competition, financing and achievement of the plans. - FY2024-Q3RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose material uncertainty arising from the possibility of failing to meet the business plans and dependence on market conditions, demand, competition, financing and achievement of the plans. - FY2024-Q2RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose material uncertainty arising from the possibility that the business plans may not proceed as planned and dependence on market conditions, demand, competition, financing and achievement of the plans. - FY2024-Q1RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose material uncertainty affected by the possibility that each business may fail to meet its plan, market conditions, demand, competition, financing and achievement of the business plans. - FY2023MaterialisedAnnual report
「In the “Investment Business” segment, the Company sold the equipment at the end of the consolidated fiscal year because the business using equipment owned by the Company had experienced a significant delay relative to the original plan. As a result, the ¥150 million impairment loss recognized during the cumulative second-quarter consolidated period was reduced.」
The equipment was sold at the end of the fiscal year following the delay in the plan for the business using it. The ¥150 million impairment loss recognized in the previous quarter decreased in connection with the sale. - FY2023-Q2MaterialisedAnnual report
「In the “Investment Business” segment, the business using equipment owned by the Company has experienced a significant delay relative to the original plan. Accordingly, the Company recognized an impairment loss and wrote down the carrying value of construction in progress. The impairment loss recognized during the cumulative second-quarter consolidated period was ¥150 million.」
The business using the equipment experienced a significant delay relative to the original plan. The Company wrote down construction in progress and recognized a ¥150 million impairment loss. The risk of the new investment business failing to meet its plan has materialized as an actual delay and loss. - FY2023-Q1RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose material uncertainty affected by the possibility that new and existing businesses may fail to meet their plans, market conditions, demand, competition, financing and achievement of the business plans. - FY2022-Q3RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. In addition, the litigation that arose during the current fiscal year may develop adversely, contrary to the Company's position. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose, in addition to uncertainty affected by the possibility that each business may fail to meet its plan, market conditions, demand, competition, financing and achievement of the business plans, the possibility that litigation arising during the current fiscal year may develop adversely. - FY2022-Q2RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. In addition, the litigation that arose during the previous fiscal year may develop adversely, contrary to the Company's position. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to explicitly disclose material uncertainty affected by the possibility that each business may fail to meet its plan, market conditions, demand, competition, financing, achievement of the business plans and the development of litigation. - FY2022-Q1RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. In addition, the litigation that arose during the previous fiscal year may develop adversely, contrary to the Company's position. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose material uncertainty affected by the possibility that each business may fail to meet its plan, market conditions, demand, competition, financing, achievement of the business plans and the development of litigation. - FY2021-Q3WorsenedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures is affected by market conditions, demand trends and competition with other companies, and is also influenced by financing and whether the business plans are achieved. In addition, the litigation that arose during the current fiscal year may develop adversely, contrary to the Company's position. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
In addition to the possibility of failing to meet the business plans, the possibility that litigation arising during the current fiscal year may develop adversely was added as a factor affecting the feasibility of these measures. - FY2021-Q2RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures depends on the results affected by market conditions, demand trends, competition with other companies and other factors, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to explicitly disclose the uncertainty that its businesses may not all proceed as planned and are dependent on market conditions, demand, competition, financing and achievement of its business plans. - FY2021-Q1WorsenedAnnual report
「However, in light of the impact of the global COVID-19 pandemic on social and economic activity, the Company will proceed with its businesses while considering a review of its investment targets and investment timing. However, as not all of the businesses described above are necessarily expected to proceed as planned, the feasibility of these measures depends on the results affected by market conditions, demand trends, competition with other companies and other factors, and is also influenced by financing and whether the business plans are achieved. Accordingly, material uncertainty exists at this time regarding the going concern assumption.」
In light of the impact of COVID-19, the Company stated that it would consider reviewing its investment targets and investment timing, and explicitly disclosed the uncertainty arising from its dependence on market conditions, demand, competition, financing and achievement of its business plans. - FY2020MaterialisedAnnual report
「This was because revenue from the sale and purchase of superficies for land used in the solar power generation business undertaken as part of the domestic energy-related business could not be recorded, as the superficies sale and purchase agreement was not concluded during the current fiscal period, among other factors.」
A development occurred in which the possibility that the new investment businesses would not proceed as planned resulted in no revenue being recognized because the sale and purchase agreement for superficies over land for solar power generation was not concluded. - FY2020-Q2RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose the uncertainty that new businesses and other initiatives may not all proceed as planned as material uncertainty regarding the going concern assumption. - FY2020-Q1Reinstated DisclosureAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, material uncertainty exists at this time regarding the going concern assumption.」
The uncertainty regarding the possibility that new businesses and other initiatives may not proceed as planned, which had disappeared from the annual report for the previous consolidated fiscal year, was disclosed again in the current quarter. - FY2018DroppedAnnual report
「Our group had circumstances that raised substantial doubt about the going-concern assumption through the previous consolidated fiscal year, but eliminated the related note disclosure as of the end of the consolidated fiscal year under review.」
The wording concerning the possibility that the new investment businesses would fail to meet their plans, which had been disclosed through the previous quarter as a factor contributing to uncertainty regarding the going concern assumption, was not included in the annual report, and the going concern note was consequently removed. - FY2018-Q3RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose the uncertainty that plans for real estate, overseas and domestic energy, and inbound-oriented accommodation-related businesses, among others, may not all be realized as planned. - FY2018-Q2RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose the uncertainty that plans for real estate, overseas and domestic energy, and inbound-oriented accommodation-related businesses, among others, may not all be realized as planned. - FY2018-Q1RestatedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, material uncertainty exists at this time regarding the going concern assumption.」
The Company continues to disclose the risk that plans for real estate, overseas and domestic energy, and inbound-oriented accommodation-related businesses, among others, may not all be realized as planned. - FY2017-Q3First statedAnnual report
「However, as not all of the businesses described above are necessarily expected to proceed as planned, material uncertainty exists at this time regarding the going concern assumption.」
The possibility that the domestic and overseas clean energy businesses, the inbound-oriented business centered on temple lodging, and the real estate business may not proceed as planned has been explicitly identified for the first time as a factor contributing to uncertainty regarding the going concern assumption.