Relationships with Alliance Partners and Deteriorating Business Performance
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2022-Q1.
The whole theme swung hardest in 2020: 8 of 42 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2022-Q1Termination of the business partnership agreement with Swiss ReAnnual report
「In April 2013, the Company entered into a business partnership agreement with Swiss Reinsurance Company Ltd, a reinsurance company of the Swiss Re Group. Following a change in the group company holding the shares, the Company entered into an agreement with Swiss Re Life Capital Ltd in March 2017. The agreement was terminated in April 2021 upon expiration of its term.」
The business partnership agreement with the Swiss Re Group was terminated in April 2021 upon expiration of its term. - FY2018RestatedAnnual report
「This business partnership is important to the Company's business strategy. However, the partnership may be terminated or its terms may be changed if the relevant partner encounters business problems, changes its strategy as a result of industry consolidation or other factors, or determines that the Company is no longer an attractive business partner.」
The risk that problems involving KDDI and other business partners, strategic shifts, or the termination or modification of partnerships could affect the business strategy continues to be disclosed. - FY2017First statedAnnual report
「These business partnerships are important to the Company's business strategy. However, the partnerships may be terminated or their terms may be changed if the relevant partner encounters business problems, changes its strategy as a result of industry consolidation or other factors, or determines that the Company is no longer an attractive business partner.」
The Company identifies the risk that business problems, strategic shifts, or the termination or modification of partnerships involving KDDI and other business partners could affect its sales channels and business strategy.