Risk of failing to achieve the plan for creating new businesses
First written in FY2018. 2 of 7 entries say "Restated". Latest entry: 2026-10-08.
The whole theme swung hardest in 2020: 28 of 83 companies on the "Worse" side.
16 other companies' latest entry also says "First stated".
- FY2024M&A goodwill impairment risk explicitly disclosedAnnual report
「However, it is always possible that the Group may fail to achieve the intended results due to unexpected changes in the business environment or the emergence of new business risks that affect the impairment of goodwill arising from M&A transactions.」
Following the expansion of acquisitions in Australia and New Zealand, the Group clearly identified impairment of goodwill arising from M&A transactions, recovery of invested capital and failure to achieve the intended results as new-business risks. - FY2024-Q3Risks related to acquired businesses are under reviewAnnual report
「During the nine-month cumulative period of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year. Risks related to businesses and other matters acquired during the nine-month cumulative period of the current fiscal year are currently under review as new business or other risks that may arise from the fourth quarter of the fiscal year onward.」
While stating that there had been no material changes to existing business and other risks, the Group said that risks related to businesses acquired during the quarter were under review as potential new risks going forward. - FY2023RestatedAnnual report
「For each individual matter, the Group conducts repeated reviews in advance in accordance with its investment discipline and determines whether to proceed through the prescribed deliberation process. After implementation, it actively monitors the matter and responds appropriately and in a timely manner based on the results of ongoing reviews, thereby establishing an operating framework that enables new businesses to reliably achieve their intended results and, if it determines that achieving those results will be difficult, minimizes the impact on the business and performance.」
The Group continues to maintain a framework of investment discipline, deliberation, post-implementation monitoring and ongoing reviews in response to the risks of failing to achieve plans for new businesses and recovering invested capital. - FY2022MitigatedAnnual report
「Accordingly, for each individual matter, the Group conducts repeated reviews in accordance with its investment discipline, determines whether to proceed through the prescribed deliberation process, and, after implementation, actively monitors the matter and responds appropriately and in a timely manner based on ongoing reviews, thereby preventing new businesses from materially damaging performance.」
In response to the risk of failing to achieve plans for new businesses, the Group disclosed a framework involving investment discipline, deliberation, post-implementation monitoring and ongoing reviews. - FY2018First statedAnnual report
「However, creating new businesses involves many uncertainties, and plans may not progress as expected. In addition, additional expenses, including the recruitment of personnel, may be incurred in putting them into operation.」
The possibility of failing to achieve the plan and incurring additional expenses in creating new businesses through establishing new companies and investing in existing companies was disclosed.