Investment and fund performance volatility driven by economic conditions, financial markets and geopolitical developments
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: 2026-05-11.
No other company in this theme has enough history to compare yet.
- 2026-05-11RestatedEarnings
「Because the PE, real estate, and global tech growth investment businesses conducted by our group are significantly affected by market conditions, including the stock market and interest rates, and investment and sale opportunities, and because gains and losses from measuring investments at fair value under the International Financial Reporting Standards adopted by our group (hereinafter, “IFRS”) contain a very high degree of estimation, making reasonable earnings forecasts difficult, the Company does not provide earnings forecasts.」
The policy of not providing earnings forecasts was reconfirmed due to uncertainty surrounding market conditions, interest rates, investment and sale opportunities, and fair value measurements. - FY2023First statedAnnual report
「The performance of funds and portfolio companies is affected by economic and political conditions and trends in equity and financial markets, including economic slowdowns in their principal target markets, changes in foreign-exchange rates and interest rates, heightened geopolitical risks such as wars and trade friction, rising unemployment, reduced capital investment, changes in or expectations of changes to trade, fiscal, tax and monetary policies, and changes in global supply chains.」
Likelihood is medium and impact is medium. The disclosure also notes sensitivity to the Japanese economy because of the concentration in Japanese mid-sized companies.