Risk of Failure to Achieve the Benefits of a Business Alliance and of Alliance Dissolution
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2023: 4 of 18 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
There have been no material changes to the risk of business alliance benefits falling short or alliances being terminated. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
There have been no material changes to the risk of business alliance benefits falling short or alliances being terminated. - FY2023First statedAnnual report
「If the initially anticipated benefits fail to materialize or these alliances are terminated, this could affect the company's business performance.」
While positioning business alliances with companies providing educational content and others as a means of growth, the company disclosed for the first time the shortfall in synergies and termination of alliances as specific risks.