Dependence on Core Business Performance
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2026.
Nitto Kogyo moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 7 of 29 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「We monitor and analyze performance as a business portfolio and promote growth strategies for each segment through the appropriate allocation of resources.」
The response to dependence on the core business has been organized within a framework for managing the business portfolio and allocating resources, including across segments, overseas operations, and expanded business and technology domains. - FY2022RestatedAnnual report
「In addition to further strengthening the core business, growing each segment and promoting globalisation, we will pursue Group growth by expanding into business areas related to EV infrastructure, energy management, disaster prevention and mitigation, and workplace reform, as well as by taking on new businesses.」
While recognising its dependence on the core business, the Group has continued to pursue growth in each segment, overseas expansion and expansion into areas including EVs, energy and disaster prevention as countermeasures. - FY2021RestatedAnnual report
「In addition to further strengthening the core business, growing each segment and promoting globalisation, we will pursue Group growth by expanding into business areas related to EV infrastructure, energy management, disaster prevention and mitigation, and workplace reform, as well as by taking on new businesses.」
While recognising the risk of dependence on the core business, the Group has continued to pursue growth in each segment, overseas expansion and expansion into business areas including EVs, energy and disaster prevention as countermeasures. - FY2020First statedAnnual report
「The Group's performance is highly correlated with that of NITTO KOGYO CORPORATION, which operates the core business, and a downturn in the core business may affect the Group's financial condition and operating results.」
Although the Group has 4 business segments, dependence on the performance of the core business of NITTO KOGYO CORPORATION has been identified as a standalone risk for the first time.