Dependence on Partners and Risk of Maintaining Alliances
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2023: 4 of 18 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「Some of the group’s business activities depend heavily on alliances with other companies, making these partnerships essential. However, collaboration with partners may not proceed smoothly, the expected benefits of a partnership may not materialize, and a partner may make a decision contrary to the group’s interests during the course of business development. If these partners change their business strategies, the group may find it difficult to maintain the alliance relationships.」
The company continues to disclose the risks of dependence on alliances, failure to achieve collaboration benefits and difficulty maintaining relationships because of partners’ decisions or strategy changes. - FY2020RestatedAnnual report
「Some of the group’s business activities depend heavily on alliances with other companies, making these partnerships essential. However, collaboration with partners may not proceed smoothly, and the expected benefits of a partnership may not materialize.」
The company continues to disclose the risks of dependence on alliances, failure to achieve collaboration benefits and difficulty maintaining relationships following a partner’s strategy change. - FY2018RestatedAnnual report
「If these partners change their business strategies, the group may find it difficult to maintain the alliance relationships.」
The company continues to disclose the risks of poor collaboration, failure to achieve expected benefits and difficulty maintaining alliances because of changes in partners’ strategies. - FY2017-Q2RestatedAnnual report
「The withdrawal of affiliated schools and a substantial decline in student numbers have continued.」
Withdrawals by affiliated schools continue, and the impact of shrinking alliance relationships persists. - FY2017-Q1MaterialisedAnnual report
「The withdrawal of affiliated schools and a substantial decline in student numbers have continued.」
A reduction in and withdrawal from alliances actually occurred and contributed to a decline in student numbers in the education business. - FY2016First statedAnnual report
「Some of the group’s business activities depend heavily on alliances with other companies, making these partnerships essential. However, collaboration with partners may not proceed smoothly, and the expected benefits of a partnership may not materialize.」
The company identifies smooth collaboration, expected benefits and difficulty maintaining relationships following a partner’s strategy change as risks.