Risk of upfront investment and delayed monetization in new businesses
First written in FY2016. 9 of 10 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2019: 6 of 25 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「New business development often requires upfront investment, and it is expected to take a considerable amount of time before such businesses generate stable revenue. Accordingly, the profit margins of our Group may temporarily decline.」
Continues to cite the risks of upfront investment in new businesses, the time required to monetize them, and lower profit margins. - FY2022RestatedAnnual report
「New business development often requires upfront investment, and it is expected to take a considerable amount of time before such businesses generate stable revenue. Accordingly, the profit margins of our Group may temporarily decline.」
Continues to cite the risks of upfront investment in new businesses, the time required to monetize them, and lower profit margins. - FY2020RestatedAnnual report
「New business development often requires upfront investment, and it is expected to take a considerable amount of time before such businesses generate stable revenue. Accordingly, the profit margins of our Group may temporarily decline.」
Reiterates the risks of upfront investment in new businesses, the time required to monetize them, and lower profit margins. - FY2019RestatedAnnual report
「New business development often requires upfront investment, and because a considerable amount of time is expected to be needed before the business generates stable earnings, the Group's margins may decline temporarily.」
Reiterates the risks of upfront investment in new businesses, the time required to monetize them, and lower profit margins. - FY2019-Q3RestatedAnnual report
「New business development often requires upfront investment, and because a considerable amount of time is expected to be needed before the business generates stable earnings, the Group's margins may decline temporarily.」
Reiterates the risks of upfront investment in new businesses, the time required to monetize them, and temporarily lower profit margins. - FY2019-Q2RestatedAnnual report
「New business development often requires upfront investment, and because a considerable amount of time is expected to be needed before the business generates stable earnings, the Group's margins may decline temporarily.」
Reiterates the risks of upfront investment in new businesses, the time required to monetize them, and temporarily lower profit margins. - FY2019-Q1RestatedAnnual report
「New business development often requires upfront investment, and because a considerable amount of time is expected to be needed before the business generates stable earnings, the Group's margins may decline temporarily.」
Reiterates the risks of upfront investment in new businesses, the time required to monetize them, lower profit margins, and the possibility that investments cannot be recovered. - FY2018RestatedAnnual report
「New business development often requires upfront investment, and because a considerable amount of time is expected to be needed before the business generates stable earnings, the Group's margins may decline temporarily.」
The risks of upfront investment, the time required to achieve monetization, lower margins and the possibility that the investment may not be recovered in new businesses are reiterated. - FY2017RestatedAnnual report
「New business development often requires upfront investment, and because a considerable amount of time is expected to be needed before the business generates stable earnings, the Group's margins may decline temporarily.」
The risks of upfront investment, the time required to achieve monetization and the possibility of lower margins in new businesses are reiterated. - FY2016First statedAnnual report
「New business development often requires upfront investment, and because a considerable amount of time is expected to be needed before the business generates stable earnings, the Group's margins may decline temporarily.」
For new businesses, upfront investment, the time required to achieve monetization and the possibility that the investment may not be recovered are identified as risks.