Failure to Meet the Plan for New Business Investment
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 2 of 8 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group plans to invest in photography-related and peripheral businesses to pursue further growth by leveraging the expertise in the studio business it has developed through its business activities to date.」
Continues to address the investment policy for photography-related and peripheral businesses and the risk of failure to achieve the plans. - FY2023RestatedAnnual report
「The Group plans to invest in photography-related and peripheral businesses. It will proceed with new business initiatives only after careful consideration.」
Continues to disclose the investment policy for photography-related and peripheral businesses and the risk of failure to achieve the plans. - FY2022First statedAnnual report
「The Group plans to invest in photography-related and peripheral businesses to pursue further growth by leveraging the expertise in the studio business it has developed through its business activities to date. The Group will proceed with new business initiatives only after careful consideration, but if the expected results are not achieved due to changes in the environment surrounding these businesses or other factors, this could affect the Group's financial condition and operating results.」
The Group identifies failure to achieve its plans due to changes in the business environment as a risk to its investment policy for photography-related and peripheral businesses.