Product obsolescence risk arising from changes to accounting standards and tax regulations
First written in FY2016. 7 of 9 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「Regulatory revisions are frequent in Japan, and the mandatory adoption date for the new lease accounting standard is approaching. Although the mandatory adoption date for IFRS has not been determined, the number of companies choosing voluntary adoption is increasing.」
The company has reconfirmed that the approaching mandatory adoption of the new lease accounting standard and the increasing number of companies voluntarily adopting IFRS are driving both the risk of product obsolescence and demand for system upgrades. - FY2024WorsenedAnnual report
「Regulatory revisions are frequent in Japan, and the mandatory adoption date for the new lease accounting standard is approaching. Although the mandatory adoption date for IFRS has not been determined, the number of companies choosing voluntary adoption is increasing.」
The company specifies that the mandatory adoption date for the new lease accounting standard is approaching, indicating the time-sensitive nature of the risk of product obsolescence resulting from regulatory changes. - FY2023RestatedAnnual report
「Such regulatory revisions and the option for companies to voluntarily adopt IFRS (International Financial Reporting Standards) can create business opportunities by encouraging user companies to update their systems. At the same time, they may cause existing packaged products to become obsolete.」
The company has reconfirmed its recognition of the risk that regulatory revisions and IFRS compliance may lead both to demand for system upgrades and to the obsolescence of existing products. - FY2022RestatedAnnual report
「Such regulatory revisions and the option for companies to voluntarily adopt IFRS (International Financial Reporting Standards) can create business opportunities by encouraging user companies to update their systems. At the same time, they may cause existing packaged products to become obsolete.」
The company has reconfirmed its recognition of the risk that regulatory revisions and IFRS compliance may lead both to demand for system upgrades and to product obsolescence. - FY2021RestatedAnnual report
「Such regulatory revisions and the option for companies to voluntarily adopt IFRS (International Financial Reporting Standards) can create business opportunities by encouraging user companies to update their systems. At the same time, they may cause existing packaged products to become obsolete.」
The company has reiterated its recognition of the risk that regulatory revisions and IFRS compliance may lead both to demand for system upgrades and to product obsolescence. - FY2019RestatedAnnual report
「Such regulatory revisions and the option for companies to voluntarily adopt IFRS (International Financial Reporting Standards) can create business opportunities by encouraging user companies to update their systems. At the same time, they may cause existing packaged products to become obsolete.」
The company has reiterated its recognition of the risk that regulatory revisions and IFRS compliance may lead both to demand for system upgrades and to product obsolescence. - FY2018RestatedAnnual report
「Such regulatory revisions and the option for companies to voluntarily adopt IFRS (International Financial Reporting Standards) can create business opportunities by encouraging user companies to update their systems. At the same time, they may cause existing packaged products to become obsolete.」
The company has reiterated its recognition of the risk that regulatory revisions and IFRS compliance may lead both to demand for system upgrades and to product obsolescence. - FY2017RestatedAnnual report
「Such regulatory revisions and the option for companies to voluntarily adopt IFRS (International Financial Reporting Standards) can create business opportunities by encouraging user companies to update their systems. At the same time, they may cause existing packaged products to become obsolete. The Group plans to establish development and product supply structures that can respond more flexibly to regulatory revisions by strengthening collaboration with certified public accountants and consulting firms and improving the accounting and business knowledge of its systems engineers. However, the Group’s business performance may be affected if it is unable to respond to regulatory revisions in a timely and appropriate manner, if it is unable to adequately develop and supply products that meet customer needs, or if competition in the market intensifies further.」
The company has reiterated the risk that regulatory changes and IFRS adoption may lead both to demand for system upgrades and to product obsolescence, and has specified stronger collaboration with certified public accountants and consulting firms and improved knowledge among systems engineers as its response policy. - FY2016First statedAnnual report
「Such regulatory revisions and the option for companies to voluntarily adopt International Financial Reporting Standards (IFRS) can create business opportunities by encouraging user companies to update their systems. At the same time, they may cause existing packaged products to become obsolete.」
While viewing regulatory changes as a source of demand for system upgrades, the company explains that the potential obsolescence of existing products is a risk.