Risk that new businesses will not deliver the planned results
First written in FY2019. 3 of 7 entries say "Restated". Latest entry: FY2025.
Birdman moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 15 of 49 companies on the "Worse" side.
25 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「In the EX business, we conducted a comprehensive review after recording a substantial operating loss in the previous consolidated fiscal year and shifted to a policy of making investment decisions while controlling risks systematically. In connection with this change, we fully terminated the artist contracts that had been under negotiation.」
This states that the risk of failing to meet the plan for the new business actually materialized in the form of the full termination of artist contracts and a substantial decline in EX business revenue. - FY2025-H1MaterialisedAnnual report
「Net sales declined substantially because an artist contracted by our group disbanded shortly after debuting in July 2024, and because the debut of an artist under our proprietary IP, which had been developed as a project for some time, was canceled and the artist disbanded.」
In the new business, contracted artists actually disbanded shortly after their debut, while the debut of proprietary-IP artists was cancelled and those artists disbanded, resulting in a substantial decline in revenue. - FY2023RestatedAnnual report
「However, if changes in the environment surrounding the business or other factors prevent us from achieving results as initially planned, this may affect the results of our group.」
The company has reconfirmed the risk that new businesses may fail to achieve results as initially planned due to changes in the environment. - FY2023-Q2MaterialisedAnnual report
「We decided to cancel the next-generation experiential live event “さわれるライブ® 5D LIVE®,” a new service of the MX business scheduled for December 2022, having determined that it would be difficult to deliver the artists’ worldview to viewers at a quality that would satisfy them.」
The risk of a new business failing to achieve results as initially planned materialized in the specific event of the cancellation of the 5D LIVE event. - FY2022RestatedAnnual report
「However, if changes in the environment surrounding the business or other factors prevent us from achieving results as initially planned, this may affect the company’s results.」
The company has reconfirmed the risk that new businesses may fail to achieve results as planned due to changes in the environment. - FY2021RestatedAnnual report
「However, if changes in the environment surrounding the business or other factors prevent us from achieving results as initially planned, this may affect the company’s results.」
The risk of failing to meet the plan in developing new businesses, together with the policy of proceeding after careful consideration, is reiterated. - FY2019First statedAnnual report
「Although we will proceed with new business development after careful consideration, if changes in the environment surrounding the business or other factors prevent us from achieving results as initially planned, this may affect the results of our group.」
Alongside its policy of actively developing new businesses, the company indicates the possibility that changes in the environment may prevent it from achieving results as planned.