Risk of New Business Investments Falling Short of Expectations
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 15 of 49 companies on the "Worse" side.
68 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company is actively investing in new businesses, but if these businesses do not progress as planned and fail to generate sufficient investment returns, this could affect the company's performance.」
While continuing to invest actively in new businesses, the company has reaffirmed the risks of failing to meet its plans and achieving insufficient investment returns. - FY2019RestatedAnnual report
「The company is actively investing in new businesses such as Payment Secretary and Busmori!, but if these businesses do not progress as planned and fail to generate sufficient investment returns, this could affect the company's performance.」
While continuing to invest actively in new businesses, the company has reaffirmed the risks of failing to meet its plans and achieving insufficient investment returns. - FY2019-Q3RestatedAnnual report
「From the next fiscal year onward, in order to prioritize investments in the early monetization of products that will drive the next generation, which is a focus area, and the construction of a new Sapporo headquarters to secure outstanding IT personnel」
While continuing to invest in next-generation products and services, the company has identified early monetisation as its top investment priority. - FY2018RestatedAnnual report
「The company continues to make active capital expenditure, research and development investments, and sales promotion investments in new businesses such as Payment Secretary and Busmori!, but if these businesses do not progress as planned and fail to generate sufficient investment returns, this could affect the company's performance.」
While continuing capital expenditure, research and development investment, and sales promotion for Payment Secretary and Busmori!, the company has reaffirmed the risk of failing to achieve the expected investment returns. - FY2018-Q3RestatedAnnual report
「In addition, depreciation has begun on investments related to new products and services, including the newly launched Payment Secretary and Busmori! bus-ticket service, while functions continue to be added to these products and advertising expenses are incurred to support their expansion. Investment in research and development to address fraud risks and increased personnel expenses resulting from the growth in employees are also factors. The early monetisation of these new products and services is the top priority.」
The company has reaffirmed that the early monetisation of new products and services is the top priority, taking into account the depreciation of investments in them, additional functions, advertising expenses, research and development expenses to address fraud risks, and higher personnel expenses. Although not quantified, the increase in investment-related costs is stated to have been an actual factor in the decline in profits. - FY2018-Q2WorsenedAnnual report
「These costs reflect amortization expenses for the newly launched 支払秘書 (payment-management service), ongoing feature additions, the continued development and launch of バスもり！ (bus transportation service), advertising and promotional expenses to expand these services, research and development investment in light of fraud risks, and higher personnel expenses resulting from an increase in employees. Early monetization of these new products and services is the Company's most important theme.」
The Company explains its continued investment in 支払秘書 (payment-management service) and バスもり！ (bus transportation service), as well as the resulting increase in expenses, and identifies the early monetization of these new products and services as its most important theme. - FY2017RestatedAnnual report
「The Company continues to make active investments in capital expenditure, research and development and sales promotion for new businesses such as 支払秘書 (payment-management service), but if these businesses do not progress as planned and the investments fail to generate sufficient returns, this could affect the Company's business performance.」
The risk of failing to meet plans or achieve sufficient returns on investment has been reconfirmed while the Company continues to invest actively in new businesses. - FY2016First statedAnnual report
「To maintain the growth rate of business revenue, the Company needs to create and develop new businesses and establish new sources of revenue. It plans to make active investments in capital expenditure, research and development and sales promotion for this purpose, but if these services do not progress as planned and the investments fail to generate sufficient returns, this could affect the Company's business performance.」
Although new businesses are necessary to sustain growth, failure to meet plans and insufficient returns on investment are identified as risks.