High dependence on long-term care insurance benefits
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Because approximately 90% of the costs of various long-term care services, 80% or 70% depending on income, and 100% of care plans are paid through long-term care insurance, a substantial portion of our Group's business is affected by the long-term care insurance system.」
It continues to disclose the structure in which most long-term care service costs and care plan revenue depend on long-term care insurance benefits. - FY2024RestatedAnnual report
「Because approximately 90% of the costs of various long-term care services, 80% or 70% depending on income, and 100% of care plans are paid through long-term care insurance, a substantial portion of our Group's business is affected by the long-term care insurance system.」
It continues to disclose the structure in which most long-term care service costs and care plan revenue depend on long-term care insurance benefits. - FY2023RestatedAnnual report
「Because approximately 90% of the costs of various long-term care services, 80% or 70% depending on income, and 100% of care plans are paid through long-term care insurance, a substantial portion of our Group's business is affected by the long-term care insurance system.」
It continues to disclose the structure in which most long-term care service costs and care plan revenue depend on long-term care insurance benefits. - FY2017RestatedAnnual report
「Because approximately 90% of the costs of various long-term care services, and 100% of care plans, are paid through long-term care insurance, a substantial portion of our Group's business is affected by the long-term care insurance system.」
It continues to disclose the structure in which approximately 90% of long-term care service costs and 100% of care plan revenue depend on long-term care insurance benefits. - FY2016First statedAnnual report
「Our Group provides services covered by the Long-Term Care Insurance Act. Approximately 90% of the costs of various long-term care services, and 100% of care plans, are paid through long-term care insurance, so a substantial portion of our Group's business is affected by the long-term care insurance system.」
The structural fact that the revenue base is heavily dependent on the long-term care insurance system underlies the risks associated with system revisions and revisions to long-term care fees.