Risk of failing to achieve plans for new businesses and expansion into new business areas
First written in FY2016. 3 of 7 entries say "Worsened", first in FY2018. Latest entry: FY2023.
Jorudan moved to the "Worse" side of this theme in 2023, 3 years before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 3 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「The company may fail to achieve its initial plans and may not generate returns commensurate with its investments and cost burden.」
Regarding the risk of failing to achieve plans for expansion into new fields, Ayes' earnings fell below the initial plan and a significant impairment loss occurred for the year. - FY2023-Q2MaterialisedAnnual report
「In light of the fact that the company's recent operating results were substantially below its initial profit plan and that it was difficult to establish highly reliable future profit forecasts based on those results, the carrying amounts of the consolidated goodwill and the property, plant and equipment and intangible assets held by the company were reduced to their recoverable amounts, and the resulting reduction was recorded as an impairment loss under extraordinary losses.」
Regarding the risk of failing to achieve plans associated with new businesses and expansion into new business areas, Ayes' earnings fell below the initial plan and an impairment loss actually occurred. - FY2021-Q2RestatedAnnual report
「Meanwhile, qualitative and quantitative changes in travel and going out due to the COVID-19 pandemic have significantly affected the development of MaaS, and uncertainty and unpredictability about the outlook have increased.」
The company reaffirms its view that qualitative and quantitative changes in travel and going out due to the COVID-19 pandemic have affected the development of MaaS and increased uncertainty and unpredictability about the outlook. - FY2020-Q2WorsenedAnnual report
「Meanwhile, in transportation services, the trend toward “MaaS (Mobility as a Service)”—the provision of mobility as a service—has continued to advance. At the same time, the decline in opportunities for travel and going out due to the COVID-19 pandemic has significantly affected the development of MaaS, and uncertainty about the outlook has increased.」
The company states that the decline in opportunities for travel and going out due to the COVID-19 pandemic has significantly affected the expansion of business areas such as MaaS, increasing uncertainty about the outlook. - FY2019RestatedAnnual report
「In addition, expansion into business areas such as hardware and MaaS may result in a substantial cost burden.」
The company reiterates the substantial cost burden and risk of failure to achieve plans associated with expanding business areas into hardware, MaaS, and other fields. - FY2018WorsenedAnnual report
「In addition, expansion into business areas such as hardware and MaaS may result in a substantial cost burden.」
In addition to the existing risks of failing to achieve plans for new businesses and generating insufficient earnings, the company explicitly identifies the substantial cost burden associated with expanding into hardware and MaaS. - FY2016First statedAnnual report
「Unforeseen circumstances, such as changes in the market environment and customer needs, may prevent the Group from achieving its initial plans and from generating returns commensurate with its investments and cost burden. Even if operations progress as planned, investments and costs may be excessive during the launch phase.」
For expansion of business areas and new businesses, the company identifies as risks failure to achieve plans, insufficient profitability, and excessive investments and costs during the launch phase.