Risks associated with limited operating history and the evaluation and development of organizational systems as the business expands
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group is a relatively young company and has been expanding its business since it began providing “KARTE(for Web)” in March 2015. Accordingly, it may be difficult to properly evaluate its past performance and use it as a basis for assessing future performance.」
The Group continues to address risks related to its short operating history, expansion in business scale, limitations in evaluating past performance and delays in establishing internal systems. - FY2023RestatedAnnual report
「The Group is a relatively young company and has been expanding its business since it began providing “KARTE(for Web)” in March 2015. Accordingly, it may be difficult to properly evaluate its past performance and use it as a basis for assessing future performance.」
The Group continues to address risks related to its short operating history, rapid expansion in scale, limitations in evaluating past performance and delays in establishing internal systems. - FY2022RestatedAnnual report
「The Group is a relatively young company and has been expanding its business since it began providing “KARTE(for Web)” in March 2015. Accordingly, it may be difficult to properly evaluate its past performance and use it as a basis for assessing future performance.」
The Group continues to disclose risks related to its short operating history, rapid expansion in scale, limitations in evaluating performance indicators and delays in establishing the necessary systems. - FY2021First statedAnnual report
「The Group is a relatively young company and has been expanding its business since it began providing “KARTE(for Web)” in March 2015. Accordingly, it may be difficult to properly evaluate its past performance and use it as a basis for assessing future performance.」
The Group has newly identified the risks that its short operating history limits the assessment of future performance based on past results and KPIs, and that the establishment of organisational, management, financial and technological systems may fail to keep pace with business expansion.