Uncertainty and Investment Burden Associated with Overseas Business Expansion
First written in FY2024. 1 of 3 entries say "Worsened", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2025: 5 of 10 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In fact, our services, which comply with global communications standards and major cloud platforms, have already achieved product-market fit overseas, including in the U.S. and Europe.」
Although overseas recognition and customer acquisition remain limited risks, the Company disclosed confirmation of product-market fit overseas, external recognition and higher U.S. sales. - FY2025WorsenedAnnual report
「In conducting business overseas, we believe there are risks primarily involving geopolitical balance, the political and economic conditions of each country, currency fluctuations, and the enactment or amendment of laws and regulations, including foreign investment and intellectual property regulations.」
In addition to uncertainty over overseas recognition, customer acquisition and recovery of investment, the Company identifies external risks involving geopolitics, country-level political and economic conditions, foreign exchange, foreign investment restrictions and intellectual property rights. - FY2024First statedAnnual report
「At present, the Group’s recognition and customer acquisition track record in overseas regions remain limited. To expand its overseas business, it is strengthening marketing and customer acquisition by reinforcing its workforce.」
The overseas business remains in an investment phase, and the Company describes the potential impact if recognition and customer acquisition do not progress as expected or additional investment is required.