Declining profitability and performance recovery at affiliates
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2025.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group thoroughly monitors the progress of the business plans of each affiliate, including domestic affiliates, and formulates and implements corrective measures when performance deviates from plan. However, if the performance of each company does not progress in line with the Group's intended business plans, the Group's performance and financial condition may be affected.」
The company continues to recognize the risks associated with monitoring affiliates' progress against plans, corrective measures when performance deviates from plan, and overseas subsidiaries. - FY2023RestatedAnnual report
「The Group thoroughly monitors the progress of the business plans of each affiliate, including domestic affiliates, and formulates and implements corrective measures when performance deviates from plan. However, if the performance of each company does not progress in line with the Group's intended business plans, the Group's performance and financial condition may be affected.」
The company has reconfirmed its monitoring of affiliates' progress against plans, corrective measures when performance deviates from plan, and the risk of an impact from failure to meet performance targets. - FY2022RestatedAnnual report
「The Group is promoting business diversification and expansion through its affiliates. Some of these are local subsidiaries operating overseas, and they are exposed to country risk, foreign exchange risk and other risks. The Group thoroughly monitors the progress of the business plans of each affiliate, including domestic affiliates, and formulates and implements corrective measures when performance deviates from plan. However, if the performance of each company does not progress in line with the Group's intended business plans, the Group's performance and financial condition may be affected.」
The company continues to disclose the risk of affiliates failing to meet their plans, the country and foreign exchange risks associated with overseas subsidiaries, and the monitoring of progress and implementation of corrective measures. - FY2020Added country and foreign exchange risks associated with overseas affiliatesAnnual report
「The Group is promoting business diversification and expansion through its affiliates. Some of these are local subsidiaries operating overseas, and they are exposed to country risk, foreign exchange risk and other risks. The Group thoroughly monitors the progress of the business plans of each affiliate, including domestic affiliates, and formulates and implements corrective measures when performance deviates from plan.」
In addition to the existing risks related to affiliate profitability and progress against plans, the company explicitly identified country risk and foreign exchange risk associated with overseas subsidiaries. - FY2018RestatedAnnual report
「However, as the business environment has deteriorated, some affiliates have experienced declining profitability. We are providing comprehensive management support and making every effort to restore performance together with our affiliates.」
The company continues to disclose the existence of affiliates with declining profitability, as well as its comprehensive management support and efforts to restore their performance. - FY2016First statedAnnual report
「However, as the business environment has deteriorated, some affiliates have experienced declining profitability. We are providing comprehensive management support and making every effort to restore performance together with our affiliates.」
The company states that, despite diversification, some affiliates have experienced declining profitability due to deterioration in the business environment.