Risk of strategic and new business investments falling short of targets
First written in FY2018. 13 of 22 entries say "Restated". Latest entry: FY2026.
OPEN Group moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「A gain on changes in equity interests of ¥19 million was recorded as an extraordinary gain. Meanwhile, based on the performance trends of certain investees, an impairment loss on investment securities of ¥41 million was recorded for investments whose net asset value had fallen significantly below their carrying value, and an impairment loss of ¥145 million was recorded as an extraordinary loss for idle assets written down to their recoverable amounts.」
An impairment loss of ¥145 million was recorded on idle assets for which earnings were no longer expected following a review of the business plan. The risk of failing to achieve targets for strategic and new business investments is now appearing as a new loss. - 2026-04-14MaterialisedOccurring Fact
「Following a careful review of future recoverable amounts, we decided to recognize an impairment loss of ¥145 million as an extraordinary loss for the fiscal year ending February 2026 in accordance with the accounting standards for impairment of fixed assets.」
After Gabmates indicated a policy of withdrawing from the joint venture and expressed its intention to refuse repayment in negotiations over the return of the ¥195 million consideration, the company recognized a ¥145 million impairment loss on part of its fixed assets. The repayment claim and negotiations continue, and no recovery has yet been made. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The explanation that there have been no material changes concerning the risk of failing to achieve targets for strategic and new business investments continues to be provided. - FY2025-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2024MaterialisedAnnual report
「For goodwill and business-use assets, carrying amounts are reduced to recoverable amounts when changes in the business environment or decisions to sell a business or other assets lead to a review of business plans and make it unlikely that the originally projected earnings or excess earning power will be realized. The resulting reductions are recorded as impairment losses under extraordinary losses.」
Impairment losses of ¥87.371 million on software and ¥230.101 million on goodwill, totaling ¥317.472 million, were recorded for the robot outsourcing business. - FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The disclosure states that there have been no material changes concerning the risk of failing to achieve targets for strategic and new business investments. This is a general risk disclosure, with no quantified occurrence to report. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2023RestatedAnnual report
「For new-business investments, we conduct thorough preliminary research into demand for the businesses and services to be entered and the competitive environment, scrutinize the investment plan, and then proceed with the investment. We also monitor business progress and undertake improvement activities through management meetings and other forums. However, if these investments do not produce the results originally planned, this may affect our group’s financial position and operating performance.」
The risk of failing to achieve targets for new business investments continues to be disclosed, along with specific response measures, including preliminary investigations, rigorous reviews of investment plans, and progress monitoring through management meetings. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2022MaterialisedAnnual report
「In light of the performance trends of certain investees, we recognized an impairment loss of ¥601 million on investment securities whose underlying value had fallen significantly below their carrying value. In addition, following an assessment of recoverability in areas being pursued primarily as new businesses in the robot transformation business, we recognized an impairment loss of ¥649 million on goodwill and other assets.」
The risk of investments and new businesses failing to generate the expected earnings has materialized as an ¥601 million loss on valuation of investment securities and a ¥649 million impairment loss on goodwill and other assets. - FY2022-Q3MaterialisedAnnual report
「For goodwill and idle assets, because expected revenue could no longer be anticipated following a review of the business plan, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
An impairment loss totaling ¥203,046 thousand was recognized on ¥166,957 thousand of goodwill and ¥36,089 thousand of idle software in the robot transformation business. - FY2022-Q2MaterialisedAnnual report
「For goodwill and idle assets, because expected revenue could no longer be anticipated following a review of the business plan, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
Expected revenue from goodwill and idle software in the robot transformation business could no longer be anticipated following a review of the business plan, resulting in an impairment loss of ¥203,046 thousand. The risk of strategic and new-business investments failing to meet targets has again materialized as an actual loss. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2021MaterialisedAnnual report
「For operating assets and idle assets, because expected revenue could no longer be anticipated following a review of the business plan, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
The review of the business plan eliminated expected revenue, resulting in an impairment loss of ¥167,542 thousand on operating assets and idle assets. The risk of investments and new businesses failing to meet targets has again materialized as an actual loss. - FY2021-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2020MaterialisedAnnual report
「For idle assets, because expected revenue could no longer be anticipated after the provision of certain system services was discontinued and it was decided to terminate a business following a review of the business plan, the carrying amount was reduced to the recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
The termination of certain system services and discontinuation of a business eliminated expected revenue, resulting in an impairment loss of ¥78,042 thousand. The risk of strategic and new-business investments failing to meet targets has materialized as an actual loss. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of strategic and new-business investments failing to meet targets. - FY2019RestatedAnnual report
「To strengthen the business foundation of our group’s robot outsourcing business, we will actively pursue strategic investments, including procurement of software related to RPA, our core technology, and new-business investments, including the development of new businesses and services using RPA technology. If these investments do not produce the results originally planned, this may affect our group’s performance.」
The company reiterates its policy of continuing strategic and new-business investments and the risk of failing to meet plan targets. - FY2018First statedAnnual report
「If these investments do not produce the results originally planned, this may affect our group’s performance.」
Risks related to strategic investments, including procurement of RPA software, and new-business investments.