Risk of Recovering Investments in New Services and Businesses
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 6 of 14 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「To expand the scale of its business and strengthen its earnings base, the company will actively consider developing new services or businesses. This may require additional investment in areas such as hiring personnel and system development, and it may take time to generate stable earnings. If the development of new services or businesses does not proceed as initially planned, the company may be unable to recover its investment, and its business activities, financial position and operating results may be affected.」
The risks of additional investment, delays in monetisation and inability to recover investments associated with new services and businesses continue to be identified. - FY2023RestatedAnnual report
「To expand the scale of its business and strengthen its earnings base, the company will actively consider developing new services or businesses. This may require additional investment in areas such as hiring personnel and system development, and it may take time to generate stable earnings.」
The risks of additional investment, delays in monetisation and inability to recover investments associated with new services and businesses are reiterated. - FY2022RestatedAnnual report
「To expand the scale of its business and strengthen its earnings base, the company will actively consider developing new services or businesses. This may require additional investment in areas such as hiring personnel and system development, and it may take time to generate stable earnings.」
The risks of additional investment, delays in monetisation and inability to recover investments associated with new services and businesses are reiterated. - FY2021First statedAnnual report
「To expand the scale of its business and strengthen its earnings base, the company will actively consider developing new services or businesses. This may require additional investment in areas such as hiring personnel and system development, and it may take time to generate stable earnings. If the development of new services or businesses does not proceed as initially planned, the company may be unable to recover its investment.」
Additional investment, delays in monetisation and inability to recover investments associated with new services and businesses are identified as risks for the first time.