Loss of know-how and technology to outside parties through employee attrition
First written in FY2017. 3 of 6 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2025.
Universal Engeisha moved to the "Worse" side of this theme in 2018.
The whole theme swung hardest in 2018: 1 of 7 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Because most of this accumulated know-how and these skills are difficult to protect legally, they may leave the company along with departing employees. If they are used to provide similar services externally or the departing employees become competitors, this could affect the group's business performance and financial position.」
The risk of know-how and skills flowing outside the company through employee attrition and employees becoming competitors continues. - FY2019RestatedAnnual report
「Because most of this accumulated know-how and these skills are difficult to protect legally, they may leave the company along with departing employees. If they are used to provide similar services externally or the departing employees become competitors, this could affect the group's business performance and financial position.」
The risk of know-how and skills flowing outside the company through employee attrition and employees becoming competitors continues. - FY2019-Q2MaterialisedAnnual report
「Although the green business was affected by sluggish sales due in part to employee attrition at the U.S. subsidiary Rolling Greens, Inc., domestic demand continued to recover gradually as business sentiment improved, and the green business as a whole reported higher revenue and profit due to an increase in the number of contracts and other factors.」
The company disclosed that sluggish sales caused by employee attrition at the U.S. subsidiary continued. - FY2019-Q1MaterialisedAnnual report
「In the green business, sluggish sales caused by employee attrition at the U.S. subsidiary Rolling Greens, Inc. and the resulting continued increase in personnel recruitment costs persisted. However, domestic demand continued to recover gradually as business sentiment improved, and the green business as a whole reported higher revenue and profit due to an increase in the number of contracts and other factors.」
Employee attrition at the U.S. subsidiary continued, leading to sluggish sales and higher personnel recruitment costs. - FY2018-Q3MaterialisedAnnual report
「In the green business, domestic demand continued to recover gradually as business sentiment improved, and revenue increased due to a rise in the number of contracts. However, profit declined because of sluggish sales caused by employee attrition at the U.S. subsidiary Rolling Greens, Inc., as well as increased costs to secure personnel.」
The company disclosed that employee attrition actually occurred at its U.S. subsidiary, leading to sluggish sales and higher personnel recruitment costs. - FY2017First statedAnnual report
「Because most of this accumulated know-how and these skills are difficult to protect legally, they may leave the company along with departing employees. If they are used to provide similar services externally or the departing employees become competitors, this could affect the group's business performance and financial position.」
The company newly disclosed the risk that know-how in customer and product management and employee skills could flow to competitors through employee attrition.