Dependence on the Scale and Performance of Fund and SPC Operations
First written in FY2016. 8 of 9 entries say "Restated". Latest entry: FY2021-Q2.
1 other company's latest entry also says "Restated".
- FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no significant changes in the occurrence of major risks that management recognizes could materially affect the financial condition, operating results or cash flows of the consolidated companies, or in the matters concerning business and other risks described in the annual securities report for the previous fiscal year, among the matters concerning business conditions, accounting and other matters described in the current quarterly report.」
It concludes that there have been no material changes in the risk of dependence on the scale and performance of funds and SPCs under management. - FY2020RestatedAnnual report
「If the performance of the funds and SPCs managed and operated by the Group declines for various reasons, their valuations may decline, and if their asset scale does not expand steadily, the Group's performance may be affected.」
It continues to describe the risk that revenue depends on the performance, valuation and asset scale of funds and SPCs. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of dependence on the scale and performance of funds and SPCs under management. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of dependence on the scale and performance of funds and SPCs under management. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of dependence on the scale and performance of funds and SPCs under management. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in the risk of dependence on the scale and performance of funds and SPCs under management. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in the risk of dependence on the scale and performance of funds and SPCs under management. - FY2017-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It concludes that there have been no material changes in the risk of dependence on the scale and performance of funds and SPCs under management. - FY2016First statedAnnual report
「If the performance of the funds and SPCs managed and operated by the Group declines for various reasons, their valuations may decline, and if their asset scale does not expand steadily, the Group's performance may be affected.」
It shows that the Group's main revenues are real estate rental income and fund management fees, creating a structure dependent on investment performance and asset scale.