Risk of disruption to business expansion due to failure to implement capital investment plans
First written in FY2020. 2 of 5 entries say "Reframed", first in FY2022. Latest entry: FY2026.
Sakurajima Futo moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Capital investment during the fiscal year under review totaled ¥653 million. The main items were ¥85 million for partial replacement work on cargo cranes in the bulk-cargo segment and ¥239 million in advance payments for warehouse construction.」
While the risk that capital investment plans cannot be implemented remains, the Company made ¥653 million in capital investments during the fiscal year and began renewing a crane and constructing a warehouse. The disclosure does not state that the risk of failing to implement future plans has disappeared. - FY2024ReframedAnnual report
「From the fiscal year ending March 2025, the Company aims to expand earnings through continued capital investment based on the Fourth Medium-Term Management Plan.」
The explanation of the risk of not implementing capital investment has shifted from the Second Medium-Term Management Plan to the context of continued investment and earnings growth from the fiscal year ending March 2025 under the Fourth Medium-Term Management Plan. - FY2022ReframedAnnual report
「From the fiscal year ended March 2023, the Company aims to expand earnings through continued capital investment, as set out in the Third Medium-Term Management Plan.」
The risk of not implementing capital investment has shifted from the rolling operation of the Second Medium-Term Management Plan to the context of continued investment and earnings growth from the fiscal year ending March 2023 under the Third Medium-Term Management Plan. - FY2021RestatedAnnual report
「However, if capital investment cannot be carried out as originally planned due to economic trends or changes in the environment surrounding the Company, this could hinder the future expansion of the Group's business.」
The risk of disruption to business expansion if capital investment plans cannot be implemented continues to be identified. The disclosure also states that the investment strategy will be reviewed on a rolling basis as a response. - FY2020First statedAnnual report
「However, if capital investment cannot be carried out as originally planned due to economic trends or changes in the environment surrounding the Company, this could hinder the future expansion of the Group's business.」
While the Second Medium-Term Management Plan aims to expand earnings through continued capital investment, the disclosure newly identifies the risk to business expansion if investment cannot be made as planned.