Failure to recover investments in new businesses
First written in FY2017. 7 of 12 entries say "Restated". Latest entry: FY2026.
Synchro Food moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2020: 28 of 83 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Before making investments, the Group assesses whether each investment can contribute to increasing the value of the corporate group and conducts due diligence and other reviews to sufficiently evaluate the risks and recoverability in advance. After making an investment, the Group monitors the investee's financial condition and variances between its business plan and actual results to understand the impact on the Group. However, if the business does not progress as planned because of changes in the business environment or unforeseen circumstances, or if the Group is unable to use its management resources efficiently, impairment losses on goodwill or valuation losses on shares may arise and affect the Group's operating results and financial condition.」
While describing the advance assessment and monitoring of business investment risks, goodwill related to the acquisition of Horizon14 increased to ¥5,033.522 million at the end of the fiscal year, expanding the scale of the investment recovery and impairment risks. - FY2025MaterialisedAnnual report
「Because the initially anticipated earnings from the goodwill associated with 内装建築.com and the fixed assets and goodwill held by 農業ジョブ could no longer be expected, their carrying amounts were reduced to recoverable amounts, and the reductions were recorded as impairment losses under extraordinary losses.」
The risk of failing to recover investments in new business areas and acquired businesses materialized as an impairment loss of ¥162.218 million related to 内装建築.com and 農業ジョブ. - FY2024RestatedAnnual report
「Given the nature of new businesses, they may not progress as planned, making it impossible to recover the investment and potentially affecting the Group's business and operating performance.」
The Group continues to identify the risk of failing to recover investments if new businesses or business investments do not progress as planned. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of failing to recover investments associated with business investments such as new businesses, acquisitions and establishment of subsidiaries. - FY2022RestatedAnnual report
「To expand its business and improve profitability, the Group may make business investments in Japan and overseas for purposes including acquisitions, establishment of subsidiaries, development of joint ventures and alliances.」
The Group continues to identify risks relating to the recovery of investments and their impact on operating performance in connection with business investments such as new businesses, acquisitions, establishment of subsidiaries, joint ventures and alliances. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of failing to recover investments associated with business investments such as new businesses, acquisitions and establishment of subsidiaries. - FY2021MaterialisedAnnual report
「The Company recognized an impairment loss on its consolidated subsidiaries 株式会社ウィット and 株式会社ニコシゴト because, due in part to the impact of COVID-19, the businesses were no longer expected to generate the earnings projected in the original business plans.」
At ウィット and ニコシゴト, the investees of the business investments, projected earnings were no longer expected, and an event occurred requiring the full impairment of goodwill of ¥28.236 million. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of failing to recover investments associated with business investments such as new businesses, acquisitions and establishment of subsidiaries. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of failing to recover investments associated with business investments such as new businesses, acquisitions and establishment of subsidiaries. quantified is false, materialized is false. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there has been no material change in the risk of failing to recover investments associated with business investments such as new businesses, acquisitions and establishment of subsidiaries. - FY2018RaisedAnnual report
「To expand its business and improve profitability, the Group may make business investments in Japan and overseas for purposes including acquisitions, establishment of subsidiaries, development of joint ventures and alliances.」
In addition to the existing risk of failing to recover investments in new businesses, the Company specifies a broader range of business investments, including acquisitions, establishment of subsidiaries, joint ventures and alliances, thereby expanding the scope of its investment targets. - FY2017First statedAnnual report
「Given the nature of new businesses, they may not progress as planned, making it impossible to recover the investment and potentially affecting the Company's business and operating performance.」
While considering the rollout of new services, the Company identifies the possibility that investments may not be recovered if targets are not met.