Uncertainty in R&D Investment Projections
First written in FY2016. 5 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 14 of 29 companies on the "Worse" side.
74 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「R&D policies are determined based on forecasts of user needs and competitors’ trends, informed by research and reports. If these forecasts prove materially inaccurate or the Group must change its R&D policy, the Group’s business and operating performance could be affected.」
The Company continues to face uncertainty in forecasting R&D investment and the risk of impacts arising from changes in its R&D policy. - FY2022RestatedAnnual report
「R&D policies are determined based on forecasts of user needs and competitors’ trends, informed by research and reports. If these forecasts prove materially inaccurate or the Group must change its R&D policy, the Group’s business and operating performance could be affected.」
The Company continues to face uncertainty in forecasting R&D investment and the risk of impacts arising from changes in its R&D policy. - FY2021RestatedAnnual report
「R&D policies are determined based on forecasts of user needs and competitors’ trends, informed by research and reports. If these forecasts prove materially inaccurate or the Group must change its R&D policy, the Group’s business and operating performance could be affected.」
The Company continues to face uncertainty in forecasting R&D investment and the risk of changing its R&D policy. - FY2019RestatedAnnual report
「The Company operates a business model based not merely on contract development but on licensing technologies it develops in-house, and allocates a substantial budget to the R&D that supports this model. R&D policies are determined based on forecasts of user needs and competitors’ trends, informed by research and reports. If these forecasts prove materially inaccurate or the Company must change its R&D policy, its business and operating performance could be affected.」
The Company continues to face uncertainty in forecasting R&D investment and the risk of impacts arising from changes in its R&D policy. - FY2018RestatedAnnual report
「The Company operates a business model based not merely on contract development but on licensing technologies it develops in-house, and allocates a substantial budget to the R&D that supports this model. R&D policies are determined based on forecasts of user needs and competitors’ trends, informed by research and reports. If these forecasts prove materially inaccurate or the Company must change its R&D policy, its business and operating performance could be affected.」
The Company continues to face uncertainty in forecasting R&D investment and the risk of changing its R&D policy. - FY2016First statedAnnual report
「The Company operates a business model based not merely on contract development but on licensing technologies it develops in-house, and allocates a substantial budget to the R&D that supports this model. R&D policies are determined based on forecasts of user needs and competitors’ trends, informed by research and reports. If these forecasts prove materially inaccurate or the Company must change its R&D policy, its business and operating performance could be affected.」
R&D expenses for the fiscal year were ¥882.042 million. The Company identifies as risks errors in its forecast-based R&D policy and changes in that policy.