Subsidiary External Sales Ratios and Business Restructuring
First written in FY2016. 6 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 6 of 14 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We have established the Subsidiary Management Regulations. To monitor the operating results and financial position of our subsidiaries, we require them to submit monthly reports focused primarily on profit and loss, quarterly financial statements and other documents, and provide guidance as appropriate.」
Management of subsidiaries through the Subsidiary Management Regulations, monthly reports, quarterly financial statements and guidance as appropriate continues. - FY2025RestatedAnnual report
「As a measure to address this risk, we have established the Subsidiary Management Regulations. To monitor the operating results and financial position of our subsidiaries, we require them to submit monthly reports focused primarily on profit and loss, quarterly financial statements and other documents, and provide guidance as appropriate.」
Management of subsidiaries through the Subsidiary Management Regulations, monthly reports, quarterly financial statements and guidance as appropriate continues. - FY2024RestatedAnnual report
「As a measure to address this risk, we have established the Subsidiary Management Regulations. To monitor the operating results and financial position of our subsidiaries, we require them to submit monthly reports focused primarily on profit and loss, quarterly financial statements and other documents, and provide guidance as appropriate.」
Management through the Subsidiary Management Regulations, monthly reports, quarterly financial statements and guidance as appropriate continues. - FY2023Supervision under the Subsidiary Management Regulations explicitly statedAnnual report
「As a measure to address this risk, we have established the Subsidiary Management Regulations. To monitor the operating results and financial position of our subsidiaries, we require them to submit monthly reports focused primarily on profit and loss, quarterly financial statements and other documents, and provide guidance as appropriate.」
In response to the restructuring risk if subsidiary performance deteriorates, the company newly specifies management measures consisting of the Subsidiary Management Regulations, monthly reports, quarterly financial statements and guidance. - FY2022RestatedAnnual report
「We have 7 consolidated subsidiaries. However, if the performance of each subsidiary does not improve, we may assess each subsidiary's external sales ratio and the function of its business within our Group and undertake corporate restructuring, including the transfer or liquidation of businesses, which could affect the performance of our Group.」
The disclosure continues to address the assessment of subsidiaries' external sales ratios and business functions if their performance does not improve, as well as restructuring risks including transfers and liquidations. - FY2019SoftenedAnnual report
「We have 7 consolidated subsidiaries. However, if the performance of each subsidiary does not improve, we may assess each subsidiary's external sales ratio and the function of its business within our Group and undertake corporate restructuring, including the transfer or liquidation of businesses, which could affect the performance of our Group.」
The explicit statement making higher subsidiary external sales ratios the highest priority has been removed, with the focus shifting to the risk of restructuring, including transfers and liquidations, if subsidiary performance does not improve. - FY2018RestatedAnnual report
「We regard increasing the external sales ratio of the functional subsidiaries within our Group as our highest priority.」
The policy of making higher external sales ratios at subsidiaries the highest priority is reiterated. - FY2017RestatedAnnual report
「We regard increasing the external sales ratio of the functional subsidiaries within our Group as our highest priority.」
The policy of making higher external sales ratios at subsidiaries the highest priority is reiterated. - FY2016First statedAnnual report
「We regard increasing the external sales ratio of the functional subsidiaries within our Group as our highest priority. However, if their performance does not improve, we may assess each subsidiary's external sales ratio and the function of its business within our Group and undertake corporate restructuring, including the transfer or liquidation of businesses, which could affect the performance of our Group.」
The Group identifies improving subsidiaries' external sales ratios as a challenge and indicates the possibility of restructuring, including transfers and liquidations, if performance deteriorates.