Risk of deterioration in investee company performance and enterprise value
First written in FY2016. 11 of 14 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「• Strict adherence to investment discipline • Establishment and operation of a business investment management framework • Detailed business analysis related to business investments • Thorough monitoring after investments are made」
In response to the risks of declining value of business investees and withdrawal costs, the company identified investment discipline, a management framework, business analysis, and post-investment monitoring as its main initiatives. - FY2024ReframedAnnual report
「The Group is also working to expand earnings through business investments aimed at acquiring new business opportunities and strengthening relationships with business partners. If the value of a business investment declines due to regulatory or market changes, intensifying competition or other factors, the Group may not obtain sufficient returns on the resources invested. Costs or losses associated with withdrawing from a business could also affect the Group's operating results.」
The previously identified risk of declines in the performance and corporate value of investees was reorganized to include business investments aimed at acquiring new business opportunities, declines in investee value, and withdrawal costs. - FY2020RestatedAnnual report
「When making investments, the Group also considers information and opinions from third-party organizations, conducts extensive research and review through specialized departments, and carries out thorough deliberations by the Board of Directors and the Management Committee before making investment decisions based on rational judgment.」
Regarding the risk of a decline in investee performance and corporate value, the company explained that it obtains third-party opinions, conducts research through specialized departments, deliberates at the Board of Directors and Management Committee, and carries out monitoring after investment. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company continues to state that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company continues to state that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2017-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company continues to state that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2017-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no changes or newly arising matters regarding the risk of a decline in the performance and corporate value of investees. - FY2016First statedAnnual report
「When making investments, the Group conducts extensive deliberations among the relevant departments and invests only in matters that have ultimately been approved by the Board of Directors or the Management Committee. However, a decline in an investee's operating performance or corporate value could affect the Group's operating results and financial condition.」
While conducting investment reviews and obtaining approval from the Board of Directors or the Management Committee, the company identifies declines in investee performance and corporate value as risks.