Failure to Recover Investment in Database Enhancement and Expansion
First written in FY2017. 1 of 2 entries say "Mitigated", first in FY2021. Latest entry: FY2021.
0 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「We formulate an annual development plan at the beginning of each fiscal year. At that time, we identify the latest needs within our group and review items where needs are unclear, carrying out development within a scope that is always necessary and sufficient. In principle, development is conducted in-house by group companies, and we have established a framework that enables us to respond flexibly to sudden changes in policy and other developments.」
For the risk of failing to recover database investments, it specified investment management measures involving annual planning, confirmation of needs, review of the development scope, and in-house development within the group. - FY2017First statedAnnual report
「Our group is actively developing and enhancing its database, which is a core competence. This development is essential to the growth of the electronic business, which will underpin our future operations, and we have invested substantial resources in it. If the database constructed does not generate sufficient returns commensurate with the resources invested in the publishing and electronic businesses, this may affect our group's performance.」
It states that substantial resources have been invested in the database underpinning the electronic business, creating an investment recovery risk if it fails to generate sufficient returns in the publishing and electronic businesses.