A theme is one subject that many companies write about in their own filings. For each company we hold its own wording, how it relates to the subject, and which way it cuts. Themes are read from the filings themselves, not assigned by us.

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All themesPage 9

48 companiesCautious consumer spending and competition among retail formats
48 companiesReputational damage from the dissemination of rumors and hearsay
48 companiesExpanding into adjacent and new markets by leveraging existing technologies and expertise
48 companiesStore Network Expansion Through New Store Openings and Relocations or Expansions
48 companiesGeneral implementation of the Accounting Standard for Revenue Recognition (no impact)
48 companiesProduct development and R&D for high-value-added, differentiated products
48 companiesImpact of Exchange-Rate Movements on Foreign-Currency Transactions and Hedging with Forward Exchange Contracts
47 companiesImproving the Employment Rate of People with Disabilities and Promoting Workplace Diversity
47 companiesThird-Party Allotment Capital Increase in Connection with an Over-Allotment
47 companiesImproving Financial Strength Through Debt Reduction and Net Asset Growth
47 companiesIncreased Investing Cash Flow Outlays Due to Acquisitions of Intangible Fixed Assets, Investment Securities, and Other Assets
47 companiesImproving Asset Efficiency and Strengthening the Financial Position Through the Sale of Idle Fixed Assets
47 companiesSlower Growth in the Internet and E-Commerce Markets and Sluggish Advertising Market
47 companiesContinuous Risk Monitoring by the Management Committee
47 companiesRisks related to securing sites and properties for new stores and the progress of new construction
47 companiesEnvironmental Pollution and Liability Risks Arising from Business Activities
47 companiesImproving Employee Compensation Through a New Salary System and Base-Pay Increases
47 companiesRisk of Technical Know-How Transfer Failures and Declining Technical Capabilities Due to Personnel Shortages
47 companiesTreasury Management Through Short-Term Deposits, Bank Borrowings and Non-Speculative Derivatives
46 companiesIncrease in Net Assets, Retained Earnings and Noncontrolling Interests
46 companiesRising Procurement Costs Driven by Component Raw Materials, Transportation Costs and Yen Depreciation
46 companiesChanges in Corporate Auditors and Transition to a Company with an Audit and Supervisory Committee
46 companiesListing on the Tokyo Stock Exchange JASDAQ and Public Offering and Third-Party Allotment
46 companiesWorking Capital Changes Driven by Changes in Trade Receivables
46 companiesRisk of Delays to Store Openings and Expansions Under the Large-Scale Retail Store Location Act
46 companiesStrengthening and Growing Existing Brands
46 companiesIncrease in cash flow from operating activities (no specific cause identified)
46 companiesConstructive Dialogue with Shareholders and Investors and Its Reflection in Management
46 companiesFluctuations in Equity Ratio
46 companiesCompany-wide revenue and profit decline
45 companiesConcentration of Building Completions and Handover Deliveries in the Fourth Quarter
45 companiesBusiness Disruption Caused by Employee COVID-19 Infections
45 companiesDelays in Orders and On-Site Implementation Due to the Prolonged COVID-19 Pandemic
45 companiesDecline in demand for dining out and sales due to COVID-19
45 companiesStrengthening the Organizational Foundation through Personnel System and Workstyle Reform
45 companiesOverseas-Related Revenue to Exceed 10% of Group Revenue by FY2020
45 companiesMarket Promotion and Market Share Expansion Through Trade Show Participation
45 companiesFunding Needs Associated with Capital Investment and M&A
45 companiesBusiness Expansion Through Business and Capital Partnerships with Other Companies
45 companiesProvision for Litigation Losses and Receipt of Settlement Proceeds
45 companiesBoard Structure Including Outside Directors and Gender Composition
45 companiesAdoption of IFRS 18, Presentation and Disclosure in Financial Statements
45 companiesRisk of deterioration in reputation and business performance due to litigation, misconduct and defamation
45 companiesPerformance Volatility from Deferring Revenue Recognition on Sales Transactions
45 companiesReliance on an Outsourced Production System
45 companiesImpact on results from stagnation in overseas markets, including South Korea and ASEAN
45 companiesAutonomous Business Decision-Making Independent of the Parent Company
45 companiesAcquisition and Build-Up of Rental Properties
45 companiesDeepening Existing Businesses and Exploring New Businesses through Ambidextrous Management
45 companiesRisk of impairment estimate changes for goodwill and intangible assets with indefinite useful lives
45 companiesExpanding the customer base to mitigate customer and product concentration
45 companiesCredit, Market and Bank Integration Risks Arising from COVID-19
45 companiesSG&A and profit pressure from higher freight costs
45 companiesDemand and Business Performance Volatility Driven by Changes in Construction Investment
45 companiesMultipurpose Fundraising through a Public Offering and Private Placement in Connection with a Listing
45 companiesCompound Uncertainty from Brexit, the Chinese and Emerging-Market Economies, and Geopolitical Conditions
44 companiesIncrease in Employee Numbers Associated with Subsidiarization and Absorption Mergers
44 companiesStructural change and expansion in the IT industry and market driven by IoT, AI, DX and data utilization
44 companiesBuilding a Circular Society and Reducing Environmental Impact
44 companiesEnhancing corporate value as a global company
44 companiesExpanding the SaaS, PaaS and IaaS cloud business
44 companiesRecurrence Prevention and Correction of the Management Control System Following a Special Investigation Committee
44 companiesImpairment and Bad Debt Risk from Investments in and Loans to Affiliates
44 companiesImpairment Losses on Assets Used in Overseas Businesses
44 companiesDisclosure of No Material Contracts or Other Important Agreements Relating to Management
44 companiesDisruption to Manufacturing and Sales From Changes to National Safety and Environmental Standards
44 companiesImport and Procurement Risk from Conditions and Disasters in Asian Production Countries
44 companiesSystems Investment for Internal DX and Operational Efficiency
44 companiesOffice Relocation and Expansion to Accommodate Business Expansion and Increases in Headcount
44 companiesManagement that links growth potential and productivity to earnings and financial strength
44 companiesDependence on the Internet Environment
44 companiesDecrease in Deferred Tax Assets and Increase in Income Taxes Following a Corporate Tax Rate Reduction
44 companiesProvision of high-quality, low-priced products with rapid response
44 companiesNew Entry into the Grid-Scale Battery Storage Business
44 companiesProfitability-Focused Sales and Product Mix Shift
44 companiesOperating Profit and Interest-Bearing Debt Multiple Targets in Medium-Term Management Plans
44 companiesExpansion of the overseas business strategy
44 companiesBusiness Portfolio Optimization and Cost of Capital Management
44 companiesStable Supply through Supply Chain Coordination and Production Capacity Enhancement
44 companiesMutual Checks and Balances and Audit Coordination through Three-Way Audits
44 companiesImproving ROE and the Ordinary Profit Margin on Sales
44 companiesRisk of Litigation and Business Restrictions Across Multiple Areas, Including Regulatory Violations, Intellectual Property and Product Liability
43 companiesContinuation of ISO 14001 Environmental Management Certification
43 companiesAcquisition of New Adopting Organizations and Expansion of Existing Customer Usage
43 companiesEstablishing Industry-Leading and Unique Positions in Each Business Segment
43 companiesTransition to Consolidated Disclosure Following the Start of Quarterly Consolidated Financial Statement Preparation
43 companiesFixed-cost losses from facility closures due to COVID-19
43 companiesTreasury and Financing through Short-Term Deposits, Bank Borrowings and CMS
43 companiesNon-preparation of consolidated financial statements because subsidiaries are immaterial
43 companiesProject Progress Risks from Shortages of Materials and Equipment and Delivery Delays
43 companiesStrengthening Store Development and Operating Productivity
43 companiesDependence on cloud platforms such as AWS
43 companiesFluctuations in the Staffing Services Market and Customer Demand
43 companiesBusiness-Wide Rationalization and Efficiency Improvement
43 companiesMaintaining Parental Leave Take-Up and Return-to-Work Rates and Obtaining Platinum Kurumin Certification
43 companiesDecrease in total assets and liabilities and increase in net assets
43 companiesContinuity of Financial Services and Support for Clients’ Cash Flow During COVID-19
43 companiesDiscontinuation of Share-Based Compensation Stock Options and Transition to Restricted Stock Compensation
43 companiesStrengthening Internal Management, Internal Controls and Corporate Governance to Support Business Expansion
42 companiesImproving the Paid Leave Utilization Rate

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