Uncertainty Regarding the Results of Executing Business Strategies and Plans
First written in FY2017. 5 of 12 entries say "Restated". Latest entry: FY2026.
Nippon Sheet Glass moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
The whole theme swung hardest in 2026: 9 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As a result, the company has recorded a cumulative net loss of approximately ¥28.4 billion over the past 5 years. In addition, against a backdrop of total debt exceeding ¥500 billion most recently, net interest-bearing debt accounts for a high proportion of enterprise value.」
Uncertainty over the results of executing the business strategy and plans materialized as a cumulative net loss of approximately ¥28.4 billion over the past 5 years, debt exceeding ¥500 billion, and the absence of an outlook for resuming dividend payments. - FY2024ReframedAnnual report
「Under the newly formulated medium-term management plan, “2030 Vision: Shift the Phase,” which begins in the fiscal year ending March 2025, the company will place four “Ds” at the center of its strategy: Business Development, Decarbonization, Digital Transformation and Diverse Talent, with the aim of overcoming the important issues described above.」
In light of the challenges in executing the RP24 plan, the company restructured the plan as 2030 Vision, beginning in the fiscal year ending March 2025. - FY2022-Q3RestatedAnnual report
「Our Group considers the analysis of business and other risks disclosed in the securities report for the previous fiscal year to remain valid during the first 3 quarters of the current fiscal year. There were no significant changes or other developments in the business and other risks described in that securities report during the first 3 quarters of the current fiscal year.」
The company states that there have been no significant changes regarding uncertainty over the execution and results of its business strategies and plans. - FY2022-Q2RestatedAnnual report
「The Group considers its analysis of business and other risks disclosed in the annual securities report for the previous fiscal year to remain valid during the second quarter of the current consolidated cumulative period. There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year during the second quarter of the current consolidated cumulative period.」
The company states that there have been no significant changes regarding uncertainty over the execution and results of its business strategies and plans. - FY2021WorsenedAnnual report
「Under the MTP, the company began the transformation into a VA Glass Company, but did not sufficiently transform its business structure, which has high fixed costs and is susceptible to market fluctuations.」
The company identified as an issue that the MTP's VA transformation had failed to sufficiently reform its business structure, which has high fixed costs and is susceptible to market fluctuations. - FY2021-Q1WorsenedAnnual report
「However, the extent of the economic recovery following the spread of COVID-19 remains uncertain, and future increases in infections around the world and the responses of governments and medical institutions are difficult to predict. Accordingly, the Group will continuously review these earnings forecasts and intends to revise them at an appropriate time if necessary.」
The company indicated that it would continuously review its earnings forecasts as COVID-19 increased uncertainty over the pace of demand recovery and the outlook for business performance. - FY2020WorsenedAnnual report
「The company has decided to temporarily postpone the announcement of a new medium-term plan following MTP Phase 2 because the outlook for the business environment has become uncertain due to the spread of COVID-19.」
In addition to the expected failure to meet MTP Phase 2's financial targets, the company explicitly identified the postponement of the successor medium-term plan and the possibility of additional restructuring, business disposals and fundraising. - FY2019WorsenedAnnual report
「Due to delays in launching new products, delays in VA initiatives in some markets and the bringing forward of investments for future growth, the company expects not to achieve the financial targets set under MTP Phase 2, namely ROS and the net debt-to-EBITDA ratio, for the fiscal year ending March 2020.」
Regarding uncertainty over the execution of the business strategy, the company specified delays in new product launches and VA initiatives, as well as the acceleration of investments, as factors expected to result in failure to meet the financial targets. - FY2018-Q3RestatedAnnual report
「There were no material changes to the business and other risks described in the securities report for the previous fiscal year during the cumulative third quarter of the current fiscal year.」
The company states that there have been no significant changes regarding uncertainty over the execution and results of its business strategies and plans. - FY2018-Q2RestatedAnnual report
「There were no material changes to the business and other risks described in the securities report for the previous fiscal year during the cumulative second quarter of the current fiscal year.」
The company states that there have been no significant changes regarding uncertainty over the execution and results of its business strategies and plans. - FY2018-Q1RestatedAnnual report
「There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year during the first quarter of the current consolidated cumulative period.」
The company states that there have been no significant changes regarding uncertainty over the execution and results of its business strategies and plans. - FY2017First statedAnnual report
「The Group's business strategy is affected by various factors, including the economic environment, raw material prices, foreign exchange rates, and the development and provision of new technologies and products. Under these circumstances, there is no guarantee that the Group's business plans will succeed or that the expected results will be achieved through the success of its business strategy.」
For the business plans, including MTP Phase 2, the company explicitly identifies as a risk the possibility of failing to achieve the expected results due to economic conditions, raw material prices, foreign exchange rates, technology and other factors.