Risk of failing to meet budget and plan targets
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「As a listed company, we are working to improve the effectiveness of achieving budget targets by examining variances between budgets and actual results more closely than before, monitoring progress and achievement levels, and taking necessary measures as appropriate.」
In response to the risk of failing to meet budgets and plans, the Company has reconfirmed its controls through budget-versus-actual variance analysis, progress monitoring and the implementation of corrective measures. - FY2021First statedAnnual report
「To achieve budget targets, it is necessary to establish a budget management framework and improve the effectiveness of plan execution. If budget targets cannot be achieved because the necessary framework is not established, the PDCA cycle does not function, or for other reasons, this could not only lead to a decline in performance but also undermine the confidence of shareholders and others, potentially affecting the Company’s financial results and other aspects of its business.」
The Company has, for the first time, described as an independent item the risk of failing to meet budgets and plans because the budget management framework and PDCA cycle do not function effectively.