Non-disclosure of initial earnings forecasts due to an aggressive investment policy
First written in FY2017. 8 of 15 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021DroppedAnnual report
「Revenue is forecast at ¥9.6 billion, up 8.6% year on year; operating profit at ¥730 million, up 28.6%; ordinary profit at ¥730 million, up 9.5%; and net income at ¥500 million, up 26.9%.」
The company has shifted from previously withholding revenue forecasts and is disclosing numerical forecasts for revenue and profit for the fiscal year ending June 2022. - FY2021-Q3ReframedAnnual report
「Regarding results for the fiscal year ending June 2021, concerns over a fourth wave of COVID-19 infections have made it more difficult to predict the impact on economic activity. Accordingly, we will promptly disclose revenue forecasts once they can reasonably be estimated.」
Regarding the reasons for withholding earnings forecasts, the company explicitly cites concerns over a fourth wave of infections in addition to the uncertainty caused by the pandemic, explaining that the impact on economic activity has become even more difficult to predict. - FY2021-Q1RestatedAnnual report
「Because the impact of changes in economic activity resulting from the novel coronavirus infection has made forecasting more difficult, we will promptly disclose revenue forecasts once they can reasonably be estimated.」
The company reconfirms its policy of not disclosing revenue forecasts at this time because the novel coronavirus infection makes forecasting difficult, and of disclosing them once they can reasonably be estimated. - FY2020RestatedAnnual report
「Because the impact of changes in economic activity resulting from the novel coronavirus infection has made forecasting more difficult, we will promptly disclose revenue forecasts once they can reasonably be estimated.」
The company reconfirms its policy of not disclosing revenue forecasts at this time because the novel coronavirus infection makes forecasting difficult, and of disclosing them once they can reasonably be estimated. - FY2020-Q3ReframedAnnual report
「Because the impact of changes in economic activity resulting from the novel coronavirus has made forecasting more difficult, revenue forecasts will remain undetermined.」
The stated reason for withholding earnings forecasts has shifted from the previous reasons of aggressive investment and uncertain factors to changes in economic activity resulting from the novel coronavirus. - FY2020-Q2RestatedAnnual report
「Regarding results for the fiscal year ending June 2020, it is currently difficult to present numerical earnings forecasts because there are many uncertain factors that could affect performance. We will announce our earnings forecasts once they become reasonably predictable.」
The company reconfirms its policy of continuing not to disclose numerical earnings forecasts for the fiscal year ending June 2020 because of the many uncertain factors. - FY2020-Q1RestatedAnnual report
「Regarding results for the fiscal year ending June 2020, there are currently many uncertain factors that could affect performance, so we will announce our earnings forecasts once they become reasonably predictable.」
The company reconfirms its policy of not disclosing earnings forecasts for the fiscal year ending June 2020 at this time because of the many uncertain factors, and of announcing them once they become reasonably predictable. - FY2019RestatedAnnual report
「We have not disclosed earnings forecasts because the impact on revenue of making bold investments is difficult to predict.」
The company reconfirms its policy of not disclosing revenue forecasts because the impact of aggressive investment is difficult to predict. - FY2019-Q3SoftenedAnnual report
「Please refer to the “Notice Concerning Revisions to Earnings Forecasts” disclosed on 26 April 2019.」
The company has progressed from not presenting numerical earnings forecasts to disclosing revisions to its earnings forecasts on 26 April 2019. - FY2019-Q2RestatedAnnual report
「Regarding results for the fiscal year ending June 2019, it is currently difficult to present numerical earnings forecasts because there are many uncertain factors that could affect performance. We will announce our earnings forecasts once they become reasonably predictable.」
The company reconfirms its policy of continuing not to disclose numerical earnings forecasts for the fiscal year ending June 2019 because of the many uncertain factors, and of announcing them once they become reasonably predictable. - FY2018RestatedAnnual report
「As previously stated, in order to continue its management policy of making large-scale and flexible investments in view of the major business opportunities before it, the company will not disclose initial earnings forecasts for the fiscal year ending June 2019.」
The company reconfirms its policy of not disclosing initial earnings forecasts for the fiscal year ending June 2019 because of its policy of making large-scale and flexible investments. - FY2018-Q3SoftenedAnnual report
「Please refer to the “Notice Concerning Revisions to Earnings Forecasts” disclosed on 27 April 2018.」
This indicates that, after initially withholding earnings forecasts, the company disclosed revisions to its earnings forecasts on 27 April 2018. - FY2018-Q2SoftenedAnnual report
「Because promotional activities will be pushed back to the fourth quarter due to delays in forming partnerships with financial institutions, disclosure of the expected full-year results for the 36th fiscal year is also scheduled for after the end of the third quarter.」
While continuing not to disclose earnings forecasts, the company indicates that it plans to disclose its expected full-year results for the 36th fiscal year after the end of the third quarter. - FY2018-Q1RestatedAnnual report
「Regarding results for the fiscal year ending June 2018, it is currently difficult to present numerical earnings forecasts because there are many uncertain factors that could affect performance. We will announce our earnings forecasts once they become reasonably predictable.」
The company continues not to disclose numerical earnings forecasts for the fiscal year ending June 2018 because of the many uncertain factors, reconfirming its policy of announcing them once they become reasonably predictable. - FY2017First statedAnnual report
「As previously stated, in view of the major business opportunities currently before us, we have adopted a management policy of actively taking risks, including making large-scale and flexible investments in areas related to fintech services. Accordingly, we will not disclose initial earnings forecasts for the fiscal year ending June 2018.」
The company has disclosed for the first time its policy of not publishing initial earnings forecasts for the fiscal year ending June 2018, citing large-scale, flexible investments and active risk-taking.