Failure to Achieve the FOMM ONE Manufacturing and Sales Plan
First written in FY2023. 1 of 3 entries say "Worsened", first in FY2024-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025MaterialisedAnnual report
「As development of the new electric vehicle did not progress, the development project for AI cockpit software for EVs, applying our AI chatbot technology, did not progress. … We cancelled the project without investing in the new electric vehicle.」
The failure to achieve the FOMM ONE and other EV manufacturing and sales plans has actually emerged in the form of stalled development of an AI in-vehicle display, cancellation of investment in a new electric vehicle and withdrawal from the EV business. - FY2024-Q1WorsenedAnnual report
「We began manufacturing and selling EVs through outsourcing to FOMM Co., Ltd. in the previous consolidated fiscal year, but a significant gap arose between the initial plan and actual results.」
Regarding the failure to achieve the FOMM ONE manufacturing and sales plan, it is expressly stated that a “significant gap” arose between the initial plan and actual results, conveying the extent of the shortfall more strongly. - FY2023First statedAnnual report
「Although the EV business had only recently commenced, the number of EVs manufactured and sold remained below plan due to delays in component procurement, delays and cancellations of shipping services, and defects in components and adhesive materials, and the plan was not achieved (sales for the consolidated fiscal year: ¥43 million).」
The fact that FOMM ONE production and sales fell below plan and the plan was not achieved is presented for the first time as a separate risk and performance item, together with annual sales of ¥43 million.