New Business Underperformance and Exit Losses
First written in FY2018. 6 of 8 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2026.
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".
- 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. - 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. - 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. - 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. - 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 Although the text does not specify the business withdrawn from, it records an actual loss associated with the withdrawal from a new business. - 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.