Komori
Sms (2175) · RiskMaterialised

New Business Underperformance and Exit Losses

First written in FY2018. 6 of 8 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2026.

8entries
9years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseMaterialisedFY2019-Q3RestatedFY2021MaterialisedFY2025-H1 – FY20262018: 120182019: 120192020: 020202021: 120212022: 020222023: 020232024: 120242025: 120252026: 32026
Same theme, other companies

Sms moved to the "Worse" side of this theme in 2024, 7 years after the typical company in this theme (2017).

The whole theme swung hardest in 2017: 6 of 14 companies on the "Worse" side.

6 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 22 companies compared. The sentences above are computed from all 22.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「Loss on business withdrawal 127」

    The Company recorded a ¥127 million loss on withdrawal from business for the current consolidated fiscal year, reflecting actual losses associated with the review and withdrawal from new and overseas businesses.
  2. FY2025MaterialisedAnnual report

    「Loss on withdrawal from business 92」

    The Company recorded a ¥92 million loss on withdrawal from business for the current consolidated fiscal year, including a ¥64 million loss on withdrawal from the business of an overseas subsidiary.
  3. FY2025-H1MaterialisedAnnual report

    「Loss on withdrawal from business 38」

    The Company recorded a ¥38 million loss on withdrawal from business as an extraordinary loss for the current interim consolidated accounting period, recording an actual loss associated with the withdrawal from a new business.
  4. FY2021RestatedAnnual report

    「Launching a new business may require substantial upfront investment or involve risks arising from factors specific to that business.」

    The Company reconfirms as major risks, together with M&A and alliance risks, the potential for upfront investment, business-specific risks, failure to achieve results and losses on withdrawal from new businesses.
  5. FY2019-Q3MaterialisedAnnual report

    「Loss on withdrawal from business 158」

    The Company recorded a ¥158 million loss on withdrawal from business as an extraordinary loss for the first 3 quarters. Although the text does not specify the business withdrawn from, it records an actual loss associated with the withdrawal from a new business.
  6. FY2018First statedAnnual report

    「Launching a new business may require substantial upfront investment or involve risks specific to the business. The Company may fail to achieve the results initially anticipated because of changes in the business environment, the pace of market expansion and other factors. In addition, withdrawal from a business may result in losses from the disposal or amortization of assets used in that business, which may affect the Group's performance and financial condition.」

    While proceeding with the development and nurturing of new businesses, the Company identifies upfront investment, failure to achieve anticipated results, and losses from asset disposal and amortization upon withdrawal as risks.
Moved together

"Foreign Exchange Risk Associated with Overseas Affiliates" moved the same way as this thread, in the same document, in 4 of its 8 moves.

433322★123456
  1. ★This thread
  2. 1Foreign Exchange Risk Associated with Overseas Affiliates4×
  3. 2Overseas Laws and Regulations and Country Risk3×
  4. 3Goodwill impairment risk associated with the MIMS acquisition3×
  5. 4Share Dilution from Stock Options3×
  6. 5Positioning the MIMS Group at the Core of Overseas Expansion2×
  7. 6Declining demand for personnel in the nursing care and medical sectors2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Sms's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the General Meetings of Shareholders of 2026-05-28: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.