Risk of Divergence Between Forecasts and Assumptions in New Business Plans
First written in FY2019. 5 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 15 of 49 companies on the "Worse" side.
68 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group plans to continue developing new businesses to expand its business scale and enhance corporate value. Although new businesses are undertaken after careful consideration of their business plans, those plans include elements based on forecasts and assumptions. If these forecasts or assumptions differ materially from reality, the Group's performance may be affected.」
The report reconfirms the risk that forecasts and assumptions in new business plans may diverge from actual results. - FY2023RestatedAnnual report
「The Company plans to continue developing new businesses to expand the scale of its operations and increase corporate value. Although it conducts sufficient review before implementing new business plans, those plans include elements based on forecasts and assumptions. If those forecasts or assumptions differ materially from reality, the Company’s performance could be affected.」
The report reconfirms the risk that forecasts and assumptions in new business plans may diverge from actual results. - FY2022RestatedAnnual report
「New businesses are undertaken after careful consideration of their business plans, but those plans include elements based on forecasts and assumptions. If these forecasts or assumptions differ materially from reality, the Company's performance may be affected.」
The report reconfirms the risk that forecasts and assumptions in new business plans may diverge from actual results. - FY2021RestatedAnnual report
「New businesses are undertaken after careful consideration of their business plans, but those plans include elements based on forecasts and assumptions. If these forecasts or assumptions differ materially from reality, the Company's performance may be affected.」
The report reconfirms the risk that forecasts and assumptions in new business plans may diverge from actual results. - FY2020RestatedAnnual report
「The Company plans to continue developing new businesses to expand the scale of its operations and increase corporate value. Although it conducts sufficient review before implementing new business plans, those plans include elements based on forecasts and assumptions. If those forecasts or assumptions differ materially from reality, the Company’s performance could be affected.」
The report reconfirms the policy of developing new businesses and the risk that forecasts and assumptions in the business plans may diverge from reality. - FY2019First statedAnnual report
「The Company plans to continue developing new businesses to expand the scale of its operations and increase corporate value. Although it conducts sufficient review before implementing new business plans, those plans include elements based on forecasts and assumptions. If those forecasts or assumptions differ materially from reality, the Company’s performance could be affected.」
The Company first identified as a separate risk the possibility that forecasts and assumptions in new business plans could diverge materially from actual results.