Risk that synergies from business and capital alliances may fail to materialize or the alliances may be terminated
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2023: 4 of 19 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「By their nature, alliances formed for the purpose of developing new services make it difficult to reliably predict the impact of those services on the Company's business and performance. If the initially expected benefits are not realized, or if these alliances are terminated for any reason, the Company's performance and financial position may be affected.」
The risk that alliances formed for the purpose of developing new services may fail to deliver their expected benefits or may be terminated was reconfirmed. - FY2023RestatedAnnual report
「By their nature, alliances formed for the purpose of developing new services make it difficult to reliably predict the impact of those services on the Company's business and performance. If the initially expected benefits are not realized, or if these alliances are terminated for any reason, operating results and financial position may be materially affected.」
The risk that alliances formed for the purpose of developing new services may fail to deliver their expected benefits or may be terminated was reconfirmed. - FY2022RestatedAnnual report
「By their nature, alliances formed for the purpose of developing new services make it difficult to reliably predict the impact of those services on the Company's business and performance. If the initially expected benefits are not realized, or if these alliances are terminated for any reason, operating results and financial position may be materially affected.」
For business and capital alliances, the risk of impacts from new services failing to deliver their expected benefits or from termination of the alliances was reconfirmed. - FY2021RestatedAnnual report
「The Company has entered into a capital and business alliance agreement with NTT DATA Corporation and, as of 31 March 2021, was its consolidated subsidiary. If NTT DATA's management policies or business strategies change in the future, or if there is a significant change in its ownership percentage of the Company's shares, the Group's business operations and performance may be affected.」
The risk that changes in NTT DATA's management policies, business strategies or ownership percentage may affect business operations and performance was reconfirmed. - FY2020RestatedAnnual report
「The Company has entered into a capital and business alliance agreement with NTT DATA Corporation and, as of 31 March 2020, was its consolidated subsidiary. If NTT DATA's management policies or business strategies change in the future, or if there is a significant change in its ownership percentage of the Company's shares, the Group's business operations and performance may be affected.」
The risk that NTT DATA's management policies, business strategies or ownership percentage may affect business operations and performance in connection with the alliance and subsidiary relationship was reconfirmed. - FY2019WorsenedAnnual report
「As of 31 March 2019, the Company was a consolidated subsidiary of NTT DATA Corporation, and NTT DATA's strategies and policies may affect the Group's management and business policies.」
In addition to the risk that alliance synergies may fail to materialize or alliances may be terminated, the risk that the parent company's strategies and policies may affect the Company's management and business policies as a result of becoming a consolidated subsidiary of NTT DATA was explicitly identified. - FY2018RestatedAnnual report
「The Group aims to generate business synergies by combining the technologies and know-how of the Group and its alliance partners. However, if the initially expected benefits are not realized, or if these alliances are terminated for any reason, the Group's business development, operating results and financial position may be affected.」
Risk that synergies from business and capital alliances may fail to materialize and that the alliances may be terminated, restated. - FY2016First statedAnnual report
「The Group aims to generate business synergies by combining the technologies and know-how of the Group and its alliance partners. However, if the initially expected benefits are not realized, or if these alliances are terminated for any reason, the Group's business development, operating results and financial position may be affected.」
Risk relating to alliances failing to achieve their intended results or being terminated.