Decision-making and business continuity risks associated with the expansion of the Group's companies
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020WorsenedAnnual report
「As a result, if the key management of any group company becomes unable to perform its duties because of an unforeseen event, including serious illness resulting from infection with COVID-19, the group’s business development could be disrupted, affecting its performance.」
Infection with and serious illness resulting from COVID-19 have been explicitly added to the risk of unforeseen events affecting key management. - FY2019RestatedAnnual report
「As a result, if the key management of any group company becomes unable to perform its duties because of an unforeseen event, the group’s business development could be disrupted, affecting its performance.」
The risk of dependence on key management associated with the decentralization and specialization of group companies continues to be disclosed. - FY2018RestatedAnnual report
「As a result, if the key management of any group company becomes unable to perform its duties because of an unforeseen event, the group’s business development could be disrupted, affecting its performance.」
The risk of unforeseen events affecting key management associated with the delegation of authority to and specialization of group companies continues to be disclosed. - FY2017RestatedAnnual report
「As a result, if the key management of any group company becomes unable to perform its duties because of an unforeseen event, the group’s business development could be disrupted, affecting its performance.」
The risk of restrictions on decision-making and business continuity associated with the expansion and specialization of group companies continues to be disclosed. - FY2016First statedAnnual report
「Accordingly, the group may be unable to develop its business plans as expected if, for example, it cannot make important decisions because of its equity relationships, or if, in a joint venture, it can no longer use its own management resources or maintain its business relationship because of changes in the business environment or other reasons.」
The disclosure describes restrictions on decision-making authority and the continuation of business relationships associated with group expansion, including M&A, joint ventures and minority investments.