Upfront Investment Burden and Idiosyncratic Risks of New Businesses
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2019: 6 of 25 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「The blockchain gaming-related business, which had involved excessive investment, will shift to a collaborative structure, and the Company will limit investment.」
As a measure to address the upfront investment burden of the new business, the Company announced a policy of shifting the blockchain gaming-related business to a collaborative structure and limiting investment. - FY2019-Q2RestatedAnnual report
「③Improving profitability and expanding sales through the selection and concentration of services developed in the and Experience business」
As a measure to address the upfront investment burden of the new business, the Company continues to pursue improved profitability and expanded sales through the selection and concentration of services in the and Experience business. - FY2019-Q1RestatedAnnual report
「③Improving profitability and expanding sales through the selection and concentration of services developed in the and Experience business」
As a measure to address the upfront investment burden of the new business, the Company has identified improving profitability and expanding sales through the selection and concentration of services in the and Experience business. - FY2018RestatedAnnual report
「Launching a new service may require a certain level of upfront investment and add risk factors specific to that service. Risk factors not described in this section may also become risk factors for the Group.」
For new services in the and Experience business, the Company continues to disclose upfront investment, service-specific risks, failure to achieve expected results, and losses when services are suspended or withdrawn. - FY2018-Q2RestatedAnnual report
「As this fiscal year is the launch phase, the Company continues to explore ways to enhance UX (user experience), including the content and delivery methods of each service, and expenses continue to precede revenue.」
During the launch phase of the new business, the Company continues to consider the content and delivery methods of its services, and expenses continue to precede revenue. - FY2017First statedAnnual report
「Accordingly, expenditures for securing new personnel, investing in systems, and advertising and promotion precede revenue generation, while risks specific to the services developed in the business are added. If problems that are difficult to predict, such as sudden changes in the business environment, arise, the Group’s business and financial performance could be affected.」
While making the and Experience business a new earnings pillar from the fiscal year ending September 2018, the Company identifies upfront expenditures for personnel, systems, advertising and promotion, as well as unpredictable problems, as risks.