Risk of an impact on business performance from reforms to the university entrance examination system
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「As our Group provides services related to university admissions, reforms to the system, including changes to the timing and procedures for conducting admissions examinations, may affect our Group's financial results.」
The company continues to disclose the risk of an impact on financial results from university admissions system reforms. - FY2022MaterialisedAnnual report
「Revenue from the education business amounted to ¥3,491.502 million, down 2.9% year on year, reflecting a decline in system modifications associated with changes to the university admissions system.」
The decline in system modifications associated with changes to the university admissions system was specifically cited as a factor behind the decline in education-business revenue, showing that system-reform risk had affected financial results. - FY2021RestatedAnnual report
「As our Group provides services related to university admissions, reforms to the system, including changes to the timing and procedures for conducting admissions examinations, may affect our Group's financial results. The timing and procedures for admissions examinations may also change due to the impact of COVID-19.」
In addition to university admissions system reforms, the potential for COVID-19 to change examination timing and procedures remains in place. - FY2020First statedAnnual report
「As we provide services related to university admissions, reforms to the system, including changes to the timing and procedures for conducting admissions examinations, may affect our financial results.」
The company listed independently as a key risk, for the first time, reforms to the university admissions system, including changes to the timing and procedures for examinations, as well as potential changes due to COVID-19.