Business System Disruptions and Reliance on Cloud Infrastructure
First written in FY2017. 2 of 6 entries say "Worsened", first in FY2019. Latest entry: FY2024.
24 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「However, if prolonged failures or problems occur in the Group’s operational systems or stored data for various reasons, such as disasters or attacks exceeding expectations, a sudden surge in access, or defects in application software that has been developed, this could affect the Group’s performance.」
The risk of prolonged failures in operational systems and stored data caused by disasters, attacks, sudden surges in access and software defects continues to be disclosed. - FY2023WorsenedAnnual report
「Accordingly, if rapid technological innovation causes 住宅アカデメイア株式会社 to respond or develop additional functions substantially more slowly, resulting in a loss of competitive advantage, this could affect the performance of the 住宅アカデメイア business. Because the cloud system is also used in part to sell services in other segments, including the New-build Housing Defect Insurance service, this could also affect the performance of other segments.」
For Suketto Cloud, the risk is specified that a decline in competitive advantage resulting from delayed responses to technological innovation or delays in developing additional functions could affect not only the 住宅アカデメイア business but also other segments. - FY2021RestatedAnnual report
「For these systems and stored data, the Company has taken measures to prevent failures, including redundant backups, firewalls and virus checks. It has also established a structure enabling a rapid response if defects or other problems arise in the application software it has developed.」
While maintaining the risk of system failures, the Company continues to disclose redundant backups, firewalls, virus checks and a structure for rapid response. - FY2020MitigatedAnnual report
「The HP integrated system provided in the 住宅アカデメイア business is a cloud system. Since development of the core system and related components has already reached a certain stage and the system is now being provided to and used by housing-related businesses, the Company believes that it is unlikely that the system itself will fail to operate or function properly. However, if consideration or development of additional functions is substantially delayed, or if personnel cannot be secured to provide various services related to the HP integrated system, the system’s competitive advantage could be impaired, which could affect the performance of the business.」
While explaining that the HP integrated system has completed a certain stage of development and is now being provided and used, making it unlikely that the system itself will fail to operate, the Company continues to identify delays in developing additional functions and difficulty securing personnel as risks. - FY2019WorsenedAnnual report
「However, if consideration or development of additional functions is substantially delayed, or if personnel cannot be secured to provide various services related to the HP integrated system, the system’s competitive advantage could be impaired, which could affect the performance of the business.」
In addition to the existing risks of system failures caused by disasters, attacks, sudden surges in access and software defects, the risks of delays in additional development of the HP integrated system and difficulty securing personnel are specified. - FY2017First statedAnnual report
「For these systems and stored data, the Company has taken measures to prevent failures, including redundant backups, firewalls and virus checks. However, if prolonged failures or problems occur in the Group’s operational systems or stored data for various reasons, such as disasters or attacks exceeding expectations, a sudden surge in access, or defects in application software that has been developed, this could affect the Group’s performance.」
The dependence on the systems and data of the home defect insurance and related businesses, 住宅アカデメイア, and housing finance, as well as the risk of prolonged failures caused by disasters, attacks, sudden surges in access or software defects, is disclosed.