Failure to achieve targets due to unmet assumptions and ineffective measures in the medium-term management plan
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2021-Q2.
Kyushu Railway Company moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 10 of 11 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2021-Q2WorsenedAnnual report
「The Group announced the “JR Kyushu Group Medium-Term Management Plan 2019–2021: Toward the Next ‘Growth Stage’” in March 2019 and established management targets. However, the business environment surrounding the Group has changed substantially from the assumptions made when the plan was formulated due to the spread of COVID-19. As achievement of the management targets was expected to be difficult, the Group withdrew the targets on 4 November 2020.」
COVID-19 substantially changed the assumptions underlying the medium-term management plan, and the Group withdrew its management targets because achievement was expected to be difficult. - FY2018RestatedAnnual report
「If the Group's measures are unsuccessful, its assumptions and forecasts prove inaccurate or insufficient, or it is unable to respond appropriately to risks that have materialised, the achievement of the targets in the current medium-term management plan may be affected.」
The disclosure continues to state that uncertainty regarding measures, assumptions, forecasts and risk responses may affect achievement of the medium-term management plan's targets. - FY2017First statedAnnual report
「If the Group's measures are unsuccessful, its assumptions and forecasts prove inaccurate or insufficient, or it is unable to respond appropriately to risks that have materialised, the achievement of the targets in the current medium-term management plan may be affected.」
The disclosure states that assumptions and measures relating to railway demand, online sales, cost reductions, foreign tourists, real estate development and businesses outside Kyushu may affect the plan's targets.