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CHANGE Holdings (3962) · RiskRestated

Quality, delay and profitability risks arising from reliance on outsourcing vendors and partners

First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2019.

3entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY20192016: 12017: 120172018: 020182019: 12019
Same theme, other companies

The whole theme swung hardest in 2026: 14 of 57 companies on the "Worse" side.

81 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 132 companies compared. The sentences above are computed from all 132.
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  1. FY2019RestatedAnnual report

    「The company is working to strengthen its relationships with partners and subcontractors and to build a structure that enables flexible expansion of its business scale. However, if the involvement of partners and subcontractors in projects increases, additional costs that could not have been foreseen at the time of contracting may arise before the quality standards required by customers are achieved. Projects may also be delayed if the company is unable to select partners or subcontractors that meet its quality standards, or due to the financial difficulties of partners or subcontractors.」

    The company describes both flexible business expansion through the use of subcontractors and partners and the associated risks relating to quality, additional costs, delays and lower profitability.
  2. FY2017RestatedAnnual report

    「The company is working to strengthen its relationships with partners and subcontractors and to build a structure that enables flexible expansion of its business scale. However, if the involvement of partners and subcontractors in projects increases, additional costs that could not have been foreseen at the time of contracting may arise before the quality standards required by customers are achieved. Projects may also be delayed if the company is unable to select partners or subcontractors that meet its quality standards, or due to the financial difficulties of partners or subcontractors.」

    The company continues to describe both flexible business expansion through the use of subcontractors and partners and the associated risks relating to quality, additional costs, delays and lower profitability.
  3. FY2016First statedAnnual report

    「If the involvement of partners and subcontractors increases, additional costs that could not have been foreseen at the time of contracting may arise before the quality standards required by customers are achieved. Projects may also be delayed if the company is unable to select partners or subcontractors that meet its quality standards, or due to the financial difficulties of partners or subcontractors.」

    The company describes both its use of subcontractors to enable flexible business expansion and the associated risks relating to quality, additional costs and delays.
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Quality, delay and profitability risks arising from reliance on outsourcing vendors and partners | CHANGE Holdings,Inc. (3962) | Komori