Risk of System Failures Related to Enrollment Verification, Tuition Billing, Video Streaming and Other Services
First written in FY2024. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We rely on systems for certain functions, including enrollment verification, tuition billing and the delivery of lesson videos. If a major system failure occurs and takes an exceptionally long time to repair, it could affect our financial position and operating results.」
The system failure risks relating to enrollment verification, tuition billing and video delivery continue to be disclosed. - FY2025RestatedAnnual report
「We rely on systems for certain functions, including enrollment verification, tuition billing and the delivery of lesson videos. If a major system failure occurs and takes an exceptionally long time to repair, it could affect our financial position and operating results.」
The system failure risks relating to enrollment verification, tuition billing and video delivery continue to be disclosed. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no significant changes in the occurrence of the major risks that management recognizes could materially affect the company’s financial position, financial performance, and cash flows, or in the matters described as “Business Risks” in the annual securities report for the previous fiscal year.」
It is treated as having no material changes from the previous fiscal year regarding system failure risk. - FY2024First statedAnnual report
「We rely on systems for certain functions, including enrollment verification, tuition billing and the delivery of lesson videos. If a major system failure occurs and takes an exceptionally long time to repair, it could affect our financial position and operating results.」
Regular backups, continuous monitoring and enhanced security are in place as countermeasures.