Progress risk for major IT projects, including the next-generation core system
First written in FY2022. 3 of 9 entries say "Mitigated", first in 2026-07-09. Latest entry: FY2027-H1.
The whole theme swung hardest in 2019: 5 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「In addition, to upgrade our systems infrastructure, we completed the renewal of the credit card core system in June 2026, which contributes to improving service quality for customers, and it is operating stably.」
The Company disclosed the completion and stable operation of the renewal of its credit card core system, for which development balances had continued to increase. - FY2026WorsenedAnnual report
「Of this amount, the balance at the end of the current fiscal year for the next-generation core system under development for use in domestic credit card operations was ¥92,772 million, compared with ¥82,653 million at the end of the previous fiscal year, accounting for 60.4% of the balance of software, compared with 57.3% at the end of the previous fiscal year.」
The balance under development for the next-generation core system increased from ¥82,653 million to ¥92,772 million, while its share of the software balance also rose to 60.4%. - FY2025WorsenedAnnual report
「Of this amount, the balance at the end of the current fiscal year for the next-generation core system under development for use in domestic credit card operations was ¥82,653 million, compared with ¥65,372 million at the end of the previous fiscal year, accounting for 57.3% of the balance of software, compared with 52.2% at the end of the previous fiscal year.」
The balance under development for the next-generation core system increased from ¥65,372 million to ¥82,653 million, while its share of the software balance also rose to 57.3%. - FY2024Update: Balance and Valuation of the Next-Generation Core SystemAnnual report
「Of this amount, the balance at the end of the current fiscal year for the next-generation core system under development for use in domestic credit card operations was ¥65,372 million, compared with ¥59,754 million at the end of the previous fiscal year, accounting for 52.2% of the balance of software, compared with 52.5% at the end of the previous fiscal year. In addition, based on the results of monitoring the latest development status of the next-generation core system under development described above, the Company determined that no impairment charge was required.」
The balance under development for the next-generation core system increased to ¥65,372 million, accounting for 52.2% of the software balance, while the latest monitoring indicated that no impairment charge was required. - FY2024-Q3Update: System Migration-Related ExpensesAnnual report
「System migration-related expenses 222 90」
Cumulative system migration-related expenses for the third quarter amounted to ¥90 million, updated from ¥222 million in the same period of the previous year. - FY2023-Q3AdvancedAnnual report
「In connection with the migration of our consolidated subsidiary AEON Bank, Ltd. to a new core system, losses on disposal of fixed assets and contract termination penalties for the old system were recorded as extraordinary losses under “system migration-related expenses” during the cumulative 9-month period of the fiscal year.」
Regarding the next-generation core system, AEON Bank has disclosed that it migrated to the new core system and recognized losses on the disposal of the old system and contract cancellation penalties as system migration-related expenses. - FY2022First statedAnnual report
「Total software at the end of the fiscal year reached ¥107.7 billion. Of this amount, the balance at the end of the fiscal year for the next-generation core system under development for use in domestic credit card operations was ¥50,286 million, accounting for 46% of the “Software” balance.」
For major IT projects, including the next-generation core system, the company separately details the risks of release delays due to changes in progress, insufficient functionality, declining quality and investment cost overruns.