Risk of Failure to Realize the Expected Benefits of Capital Expenditure and Business Investment
First written in FY2020. 1 of 3 entries say "Mitigated", first in FY2021. Latest entry: FY2022.
The whole theme swung hardest in 2019: 12 of 30 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We will continuously monitor global economic conditions and demand trends and, if changes arise, appropriately review the timing, scale and other aspects of the original capital investment plans.」
We continue to check project progress, monitor demand trends, and review the timing and scale of investments in response to the risk of failing to realize the benefits of capital and business investment. - FY2021MitigatedAnnual report
「We will continuously monitor global economic conditions and demand trends and, if changes arise, appropriately review the timing, scale and other aspects of the original capital investment plans.」
In response to the risk of failing to realize the benefits of capital and business investment, we explicitly outlined progress checks for major projects, reviews of investment timing and scale in response to changes in demand, and risk assessments by company and region. - FY2020First statedAnnual report
「If the operation of these facilities is delayed or demand for steel products changes, the planned benefits from cost reductions and expanded sales may not be realized, which could affect the Group’s business performance.」
For major domestic capital investments and overseas business investments, the risk that expected benefits or investment recovery may not be realized due to delays in operations, changes in demand, political or economic conditions, or changes involving joint-venture partners was identified as a standalone risk.