Risks related to the results of business alliances, joint ventures and investees, and changes in control
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2025.
10 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Our Group does not necessarily have control over its business alliance partners and joint-venture partners, and these companies may significantly change their business strategies regardless of our Group’s intentions.」
The Company continues to disclose risks relating to control, ownership ratios, consensus-building and deterioration in the performance of investee companies in connection with business alliances, joint-venture companies and investee companies. - FY2023First statedAnnual report
「Our Group does not necessarily have control over its business alliance partners and joint-venture partners, and these companies may significantly change their business strategies regardless of our Group’s intentions. In addition, our Group’s ownership ratio may decline as a result of a third-party allotment of shares or the exercise of call options by shareholders other than our Group, and the business performance or financial condition of these companies may deteriorate significantly.」
The Company has identified uncertainty over permits and approvals, consensus-building, control, ownership ratios and investee performance arising from business alliances, the establishment of joint ventures and the conversion of companies into subsidiaries as a new risk category.