Risk of Changes in Alliances with Daio Paper Corporation and Mitsubishi Corporation
First written in FY2017. 1 of 4 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2026.
Hokuetsu moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2023: 4 of 18 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Execution of a memorandum of understanding concerning a strategic business partnership, with the aim of expanding the scope of measures available under the strategic business partnership by establishing an equal capital relationship between our company and Daio Paper Corporation, and further enhancing the corporate value of both companies」
The relationship with Daio Paper Corporation has been reframed from the context of the previous risk of changes in the partnership relationship to the deepening of a strategic partnership, including an equal capital relationship. - FY2020-Q3RestatedAnnual report
「Regarding this risk, during the second quarter of the consolidated fiscal period, we terminated our business partnership with the company upon expiration of the contract term on 20 July 2019. This matter had no impact on our consolidated results.」
The explanation that the business partnership with Mitsubishi Corporation was terminated upon expiration of the contract term and had no impact on consolidated results has been reiterated. - FY2020-Q2MaterialisedAnnual report
「Regarding this risk, during the second quarter of the consolidated fiscal period, we terminated our business partnership with the company upon expiration of the contract term on 20 July 2019. This matter had no impact on our consolidated results.」
It states that the risk of a change in the partnership relationship with Mitsubishi Corporation materialized in the form of termination of the business partnership upon expiration of the contract term. - FY2017First statedAnnual report
「These alliances contribute to improving our international competitiveness and corporate value. However, any change in our relationships with these alliance partners could affect the Group’s operating results and financial position.」
The company identifies potential effects from changes in its comprehensive technical alliance with Daio Paper Corporation and business alliance with Mitsubishi Corporation.