Risk of management resources being spread too thin through broad-based business expansion
First written in FY2016. 13 of 14 entries say "Restated". Latest entry: FY2023-Q3.
2 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources associated with diversification. - FY2020RestatedAnnual report
「Based on the view that businesses have life cycles, the Group has continuously pursued the development of new businesses to avoid the risks of operating a single business. As a result, its business fields are diverse and include office chairs, welfare and medical chairs, inspection and measurement equipment, industrial equipment, and exterior products. Because the Group has adopted this policy and operates across a wide range of fields, business growth may be hindered by the need to concentrate management resources, which could adversely affect the Group's operating results and financial condition.」
Continued to disclose its policy of avoiding reliance on a single business through diversification, together with the risks of dispersed resources and unsuccessful new businesses. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources arising from diversified business operations. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources arising from diversified business operations. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources arising from diversified business operations. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources arising from diversified business operations. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources arising from diversified business operations. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources arising from diversified business operations. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources arising from diversified business operations. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources. - FY2017-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new developments or material changes were identified regarding the risk of dispersed management resources disclosed in the previous fiscal year. - FY2016First statedAnnual report
「Because the Company operates across a wide range of fields, business growth may be hindered by the need to concentrate management resources, which could adversely affect the Group's operating results and financial condition.」
While diversifying to avoid the risks of reliance on a single business, the Company recognized the risks of dispersed resources and unsuccessful new businesses.