Risk of Business Investments Failing to Achieve Expected Returns and Difficulty Exiting
First written in FY2016. 16 of 21 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2019: 10 of 27 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「It is difficult to completely avoid the risk that these business investments will fail to generate expected returns. If the Group is unable to exit an investment as intended due to individual circumstances, such as the need to withdraw from the project or its relationship with a business partner, this could affect the Group's operating results and financial position.」
The residual risks of business investments failing to generate expected returns and difficulty exiting continue. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2023-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2022-Q1MaterialisedAnnual report
「Impairment loss on investment securities 14」
During the three months ended the first quarter, the Group recognized an impairment loss of ¥14 million on investment securities, indicating that investment-related losses continued to occur. - FY2021-Q2MaterialisedAnnual report
「Impairment loss on investment securities - 18 Valuation loss on investments in capital - 20」
During the six months ended the second quarter, the Group recognized an impairment loss of ¥18 million on investment securities and a valuation loss of ¥20 million on investments in capital, indicating that losses related to business investments actually occurred. - FY2021-Q1Cited as achievedAnnual report
「Shanghai Silicon Industry Group Co., Ltd. (National Silicon Industry Group Co., Ltd.), a semiconductor-related investee of the Company headquartered in China, listed on the Shanghai Stock Exchange's STAR Market, and the market value of its shares increased.」
The listing of the business investee and the increase in its share market value are reported as developments concerning the investee during the quarter. - FY2020RestatedAnnual report
「When making a new business investment, the Group clarifies its significance and purpose and makes decisions based on established rules. After executing an investment, it regularly monitors each investee and evaluates and reviews the value of the investment. However, it is difficult to completely avoid the risk that these business investments will fail to generate expected returns. If the Group is unable to exit an investment as intended due to individual circumstances, such as the need to withdraw from the project or its relationship with a business partner, this could affect the Group's operating results and financial position.」
The Group continues to implement investment decision-making, monitoring, and valuation reviews, while the residual risks of failing to achieve expected returns and difficulty exiting remain. - FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2019MaterialisedAnnual report
「The valuation loss on investments in capital was recognized as a result of impairment applied to the investment in a business partner located in China during the current consolidated fiscal year.」
A valuation loss of ¥79 million was recognized on the investment in a business partner located in China, indicating that a loss related to a business investment actually occurred. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2018RestatedAnnual report
「However, it is difficult to completely avoid the risk that these business investments will fail to generate expected returns. If the Group is unable to exit an investment as intended due to individual circumstances, such as the need to withdraw from the project or its relationship with a business partner, this could affect the Group's operating results and financial position.」
The residual risks of business investments failing to generate expected returns and difficulty exiting continue. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2017RestatedAnnual report
「However, it is difficult to completely avoid the risk that these business investments will fail to generate expected returns. If the Group is unable to exit an investment as intended due to individual circumstances, such as the need to withdraw from the project or its relationship with a business partner, this could affect the Group's operating results and financial position.」
The risk of business investments failing to generate expected returns and difficulty exiting continues. - FY2017-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2017-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of business investments failing to generate expected returns and difficulty exiting. - FY2016First statedAnnual report
「However, it is difficult to completely avoid the risk that these business investments will fail to generate expected returns. If the Group is unable to exit an investment as intended due to individual circumstances, such as the need to withdraw from the project or its relationship with a business partner, this could affect the Group's operating results and financial position.」
While the Group applies decision-making rules before making investments and monitors investments afterward, failure to achieve expected returns and difficulty exiting remain residual risks.