Risks Associated with the Recovery of Invested Capital and Interest-Bearing Debt Following the Establishment of a New Sales Office
First written in FY2016. 17 of 20 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「As a general rule, the company plans to establish 1 to 3 new sales offices each fiscal year. The required funding is estimated at approximately ¥300 million to ¥600 million per office, and the company plans to finance it primarily with internal funds and borrowings from financial institutions.」
The company continues to describe the frequency of new office openings, investment of approximately ¥300 million to ¥600 million per office, its policy of funding through internal funds and borrowings, and the risk of delays in recovering invested capital when profitability is delayed. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the group’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this interim report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes to the major risks, including those related to recovering capital invested in new sales offices and interest-bearing debt. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2022WorsenedAnnual report
「As a general rule, the company plans to establish 1 to 3 new sales offices each fiscal year. The required funding is estimated at approximately ¥300 million to ¥600 million per office, and the company plans to finance it primarily with internal funds and borrowings from financial institutions.」
Investment per new sales office has increased from approximately ¥200 million to ¥400 million to approximately ¥300 million to ¥600 million, expanding exposure to invested-capital recovery and increases in interest-bearing debt. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2021RestatedAnnual report
「As a general rule, the company plans to establish 1 to 3 new sales offices each fiscal year. The required funding is estimated at approximately ¥200 million to ¥400 million per office, and the company plans to finance it primarily with internal funds and borrowings from financial institutions. Before establishing a sales office, the company conducts sufficient marketing research and, in accordance with its internal standards, plans to locate offices in areas where it expects its earnings to expand. However, if a newly established sales office fails to generate the earnings initially planned, or takes longer than planned to become profitable, recovery of the invested capital may take time and the increase in interest-bearing debt may become a burden, potentially affecting the company’s performance.」
The company continues to describe, as before, the frequency of new office openings, investment amounts, funding methods, marketing research and the risks associated with delays in achieving profitability. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, the newly arising business and other risks were as follows. There were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes from the previous fiscal year’s disclosure concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial position, operating results or cash flows, among the matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the risks described in the “Business and Other Risks” section of the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes concerning the risks related to recovering capital invested in new sales offices and interest-bearing debt. - FY2020RestatedAnnual report
「As a general rule, the company plans to establish 1 to 3 new sales offices each fiscal year. The required funding is estimated at approximately ¥200 million to ¥400 million per office, and the company plans to finance it primarily with internal funds and borrowings from financial institutions. Before establishing a sales office, the company conducts sufficient marketing research and, in accordance with its internal standards, plans to locate offices in areas where it expects its earnings to expand. However, if a newly established sales office fails to generate the earnings initially planned, or takes longer than planned to become profitable, recovery of the invested capital may take time and the increase in interest-bearing debt may become a burden, potentially affecting the company’s performance.」
The company continues to describe, as before, the frequency of new office openings, investment per office, funding methods, marketing research, and the risks of delays in recovering invested capital and the burden of interest-bearing debt when profitability is delayed. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended [the current third quarter]. There have also been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company has confirmed that there are no material changes from the risks described in the previous fiscal year concerning the recovery of capital invested in new sales offices and interest-bearing debt. - FY2019RestatedAnnual report
「As a general rule, the company plans to establish 1 to 3 new sales offices each fiscal year. The required funding is estimated at approximately ¥200 million to ¥400 million per office, and the company plans to finance it primarily with internal funds and borrowings from financial institutions. Before establishing a sales office, the company conducts sufficient marketing research and, in accordance with its internal standards, plans to locate offices in areas where it expects its earnings to expand. However, if a newly established sales office fails to generate the earnings initially planned, or takes longer than planned to become profitable, recovery of the invested capital may take time and the increase in interest-bearing debt may become a burden, potentially affecting the company’s performance.」
The company continues to describe, as before, the frequency of new office openings, investment per office, funding methods, and the risks of delayed profitability, including delays in recovering invested capital and the burden of interest-bearing debt. - FY2018RestatedAnnual report
「As a general rule, the company plans to establish 1 to 3 new sales offices each fiscal year. The required funding is estimated at approximately ¥200 million to ¥400 million per office, and the company plans to finance it primarily with internal funds and borrowings from financial institutions. Before establishing a sales office, the company conducts sufficient marketing research and, in accordance with its internal standards, plans to locate offices in areas where it expects its earnings to expand. However, if a newly established sales office fails to generate the earnings initially planned, or takes longer than planned to become profitable, recovery of the invested capital may take time and the increase in interest-bearing debt may become a burden, potentially affecting the company’s performance.」
The company continues to provide specific details, as before, on the frequency of new office openings, investment per office, funding methods, and the risks of delayed profitability, including delays in recovering invested capital and the burden of interest-bearing debt. - FY2017WorsenedAnnual report
「As a general rule, the company plans to establish 1 to 3 new sales offices each fiscal year. The required funding is estimated at approximately ¥200 million to ¥400 million per office, and the company plans to finance it primarily with internal funds and borrowings from financial institutions. However, if a newly established sales office fails to generate the earnings initially planned, or takes longer than planned to become profitable, recovery of the invested capital may take time and the increase in interest-bearing debt may become a burden, potentially affecting the company’s performance.」
The assumed upper limit for required funding per sales office has expanded from approximately ¥200 million to ¥300 million to approximately ¥200 million to ¥400 million, indicating greater exposure to invested-capital recovery and increases in interest-bearing debt. - FY2016First statedAnnual report
「As a general rule, the company plans to establish 1 to 3 new sales offices each fiscal year. The required funding is estimated at approximately ¥200 million to ¥300 million per office, and the company plans to finance it primarily with internal funds and borrowings from financial institutions. If a newly established sales office fails to generate the earnings initially planned, or takes longer than planned to become profitable, recovery of the invested capital may take time and the increase in interest-bearing debt may become a burden, potentially affecting the company’s performance.」
The company specifically describes its office-opening policy, investment per office, funding methods and the impact of delays in achieving profitability.