New Business Plan Shortfall and Investment Recovery Risk
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2019: 7 of 30 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Group is working to reduce variable and fixed costs and build a more resilient earnings structure that is less susceptible to changes in the business environment, thereby seeking to reduce risks associated with these market changes.」
Separate from the risks specific to new businesses of failing to achieve their plans, the Group is building a more resilient earnings structure by reducing variable and fixed costs in response to changes in the business environment. - FY2019RestatedAnnual report
「When entering a new business, the Group makes decisions after thoroughly examining its market potential and profitability. However, uncertainties remain on both the Group's and customers' sides, and the Group may fail to achieve its initial business plan and may be unable to generate returns commensurate with its investment over the long term.」
The Group examines the market potential and profitability of new businesses while continuing to identify failure to achieve the plan and insufficient investment recovery as risks. - FY2018RestatedAnnual report
「When entering a new business, the Group makes decisions after thoroughly examining its market potential and profitability. However, uncertainties remain on both the Group's and customers' sides, and the Group may fail to achieve its initial business plan and may be unable to generate returns commensurate with its investment over the long term.」
The Group examines the market potential and profitability of new businesses while continuing to identify failure to achieve the plan and insufficient investment recovery as risks. - FY2017RestatedAnnual report
「The Group may fail to achieve its initial business plan and may be unable to generate returns commensurate with its investment over the long term. In that case, this could affect the Group's operating results and financial position.」
Failure to achieve the plan for new businesses and insufficient investment recovery remain risks. - FY2016First statedAnnual report
「The Group may fail to achieve its initial business plan and may be unable to generate returns commensurate with its investment over the long term. In that case, this could affect the Group's operating results and financial position.」
New businesses are positioned as growth initiatives, while failure to achieve the business plan and insufficient investment recovery are identified as risks.