Risk that Store Expansion and M&A Investments Will Not Deliver Expected Results
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 13 of 78 companies on the "Worse" side.
- FY2026RestatedAnnual report
「However, if various unforeseen changes in the business environment prevent the Group from achieving its originally intended results, this could affect its operating results and financial position.」
The company continues to disclose the risk that strategic investments, including store openings and M&A, will fail to achieve the expected results. - FY2024MaterialisedAnnual report
「In addition, following a review of future plans for the business of Seeds Life Co., Ltd., which was absorbed by CHIMNEY CO.,LTD. in July 2023, the originally expected earnings were no longer anticipated. The carrying amount was therefore reduced to its recoverable amount, and the reduction was recognized as an impairment loss under extraordinary losses.」
The originally expected earnings from the Seeds Life business were no longer anticipated, and an impairment loss including ¥338 million of goodwill was recognized. The risk that strategic investments would fail to achieve their expected results again materialized as an accounting loss. - FY2021-Q3MaterialisedAnnual report
「Regarding the consolidated subsidiary CHIMNEY CO.,LTD., the Group reviewed its future plans in light of the deterioration in the external environment, including the spread of the infection. As a result, the originally expected earnings were no longer anticipated, and the Group recognized an impairment loss of ¥6,402 million on goodwill related to the company during the nine-month period ended 31 December 2022. This and other items resulted in total extraordinary losses of ¥9.4 billion.」
The originally expected earnings from CHIMNEY CO.,LTD. were no longer anticipated, and an impairment loss of ¥6,402 million on goodwill was recognized. The risk that store openings and M&A investments would not achieve the expected results materialized as an accounting loss. - FY2019RestatedAnnual report
「In pursuing strategic investments, including opening stores in new and existing areas and investing in M&A, the Group collects and examines the information necessary and sufficient for decision-making and makes rational decisions. However, if various unforeseen changes in the business environment prevent the Group from achieving its originally intended results, this could affect its operating results and financial position.」
While making rational decisions on strategic investments such as store openings and M&A, the company continues to disclose the risk of failing to achieve the expected results. - FY2018RestatedAnnual report
「In pursuing strategic investments, including opening stores in new and existing areas and investing in M&A, the Group collects and examines the information necessary and sufficient for decision-making and makes rational decisions. However, if various unforeseen changes in the business environment prevent the Group from achieving its originally intended results, this could affect its operating results and financial position.」
While making rational decisions on strategic investments such as store openings and M&A, the company continues to disclose the risk of failing to achieve the expected results. - FY2017RestatedAnnual report
「In pursuing strategic investments, including opening stores in new and existing areas and investing in M&A, the Group collects and examines the information necessary and sufficient for decision-making and makes rational decisions. However, if various unforeseen changes in the business environment prevent the Group from achieving its originally intended results, this could affect its operating results and financial position.」
While making rational decisions on strategic investments such as store openings and M&A, the company continues to disclose the risk of failing to achieve the expected results. - FY2016First statedAnnual report
「In pursuing strategic investments, including opening stores in new and existing areas and investing in M&A, the Group collects and examines the information necessary and sufficient for decision-making and makes rational decisions. However, if various unforeseen changes in the business environment prevent the Group from achieving its originally intended results, this could affect its operating results and financial position.」
The company states that strategic investments, including store openings and M&A, may fail to achieve the expected results.