Trust-based relationships with local communities and constraints on withdrawing from unprofitable locations
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2025.
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- FY2025RestatedAnnual report
「The Group manages performance by area. Accordingly, even if it becomes difficult to withdraw from an underperforming location, it has a structure in place to prevent performance across the area from deteriorating by improving the performance of other locations in the same area.」
To address the risk that relationships of trust with local communities may make it difficult to withdraw from unprofitable locations, the Group continues to manage performance by area and maintain a structure in which other locations provide support. - FY2024RestatedAnnual report
「Accordingly, it is necessary to provide high-quality, stable services. Even if there are locations whose performance does not improve, difficulty withdrawing from them immediately based solely on profitability could affect the Group's financial condition.」
The constraints on withdrawing from unprofitable locations resulting from the importance placed on relationships of trust with local communities are reaffirmed. - FY2023RestatedAnnual report
「Even if there are locations whose performance does not improve, difficulty withdrawing from them immediately based solely on profitability could affect the Group's financial condition.」
The constraints on withdrawing from unprofitable locations resulting from the importance placed on relationships of trust with local communities are reaffirmed. - FY2018RestatedAnnual report
「Even if there are locations whose performance does not improve, it may be difficult to withdraw from them immediately based solely on profitability.」
The risk that prioritising relationships of trust with local communities may make immediate withdrawal from unprofitable locations difficult continues to be disclosed. - FY2017First statedAnnual report
「Even if there are locations whose performance does not improve, it may be difficult to withdraw from them immediately based solely on profitability.」
The company indicates that, because it prioritises relationships of trust with regional customers, local governments and related organisations, it may not be able to withdraw immediately from unprofitable locations solely for profitability reasons.