Risk That Internal Administration Will Not Keep Pace with Rapid Business Expansion
First written in FY2019. 11 of 20 entries say "Restated". Latest entry: 2026-10-15.
- FY2027-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The company states that there has been no significant change in the risk related to internal control systems associated with long-term-hold M&A, in terms of the risk items. - FY2027-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The company states that there have been no material changes regarding the risk that the internal control system will fail to keep pace with rapid business expansion. - FY2026WorsenedAnnual report
「In particular, as the expansion of its long-term-holding M&A business is expected to increase the number of consolidated subsidiaries, the company recognizes that strengthening group governance is an important issue. In addition, because executing M&A transactions may create new funding needs, centered on borrowings, the company will pay greater attention than ever to enforcing financial discipline and maintaining financial soundness.」
The company specifies the increase in consolidated subsidiaries accompanying the expansion of its long-term-holding M&A business and new funding needs as internal control issues and risks. - 2026-05-22First statedBusiness Plan
「Following M&A execution, synergies may fail to materialize and personnel may leave or earnings may deteriorate because of an unclear management vision, delays in integrating business processes, inadequate systems integration, inconsistent financial management, insufficient compliance and conflicts between corporate cultures.」
As its M&A strategy became more concrete, the company disclosed for the first time in systematic form the main risks involving due diligence, valuation, PMI, goodwill and impairment, and group governance. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, there were no newly arising matters concerning business and other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk that the internal control system will fail to keep pace with rapid business expansion. - FY2023RestatedAnnual report
「If rapid business expansion or other factors result in a situation where the development of an adequate internal control system cannot keep pace, appropriate business operations may become difficult, potentially affecting the Group’s business development, financial position and operating results.」
The risk that the establishment of management systems may not keep pace with rapid business expansion remains. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, there were no newly arising matters concerning business and other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk that the internal control system will fail to keep pace with rapid business expansion. - FY2022RestatedAnnual report
「If rapid business expansion or other factors result in a situation where the development of an adequate internal control system cannot keep pace, appropriate business operations may become difficult, potentially affecting the Group’s business development, financial position and operating results.」
The risk that the establishment of management systems may not keep pace with rapid business expansion remains. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, there were no newly arising matters concerning business and other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk that the internal control system will fail to keep pace with rapid business expansion. - FY2020RestatedAnnual report
「If rapid business expansion or other factors result in a situation where the development of an adequate internal control system cannot keep pace, appropriate business operations may become difficult, potentially affecting the Group’s business development, financial position and operating results.」
The company continues to describe the risk that the development of its management system will fail to keep pace with rapid business expansion. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk that the internal control system will fail to keep pace with rapid business expansion. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk that the internal control system will fail to keep pace with rapid business expansion. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk that the internal control system will fail to keep pace with rapid business expansion. - FY2019First statedAnnual report
「If rapid business expansion or other factors result in a situation where the development of an adequate internal control system cannot keep pace, appropriate business operations may become difficult, potentially affecting the Company’s business development, financial position and operating results.」
The company identifies its small organizational structure and delays in developing its management system accompanying rapid expansion as risks.