Product and technology obsolescence risk
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021WorsenedAnnual report
「However, if the company were forced to abandon a plan because it failed to achieve the expected results, such as being unable to develop new products in a timely manner amid rapid technological innovation, it would be unable to recover the research and development expenses invested, which could adversely affect our group's business performance. In addition, securing personnel with advanced technical expertise is essential to maintaining and strengthening these research and development capabilities, and if sufficient technical personnel cannot be secured, this could adversely affect our group's business performance.」
In addition to the risks of product and technological obsolescence and failure to recover research and development investments, the company explicitly identifies delays in responding to technological innovation and difficulty securing highly skilled personnel, thereby broadening the scope of the risks. - FY2019RestatedAnnual report
「In some industries, product generations change rapidly, which could reduce sales volumes from the initial sales projections, prevent recovery of individual research and development investments, and worsen the profitability of the relevant business. For products subject to strong downward price pressure at the end market, cost reductions may fail to keep pace with declines in selling prices, potentially worsening the profitability of the relevant business.」
The company continues to identify the risks of product generation changes, failure to recover research and development investments, and declines in selling prices outpacing cost reductions. - FY2018WorsenedAnnual report
「For products subject to strong downward price pressure at the end market, cost reductions may fail to keep pace with declines in selling prices, potentially worsening the profitability of the relevant business.」
In addition to the existing risks of product generation changes and failure to recover research and development investments, the company explicitly identifies the risk that declines in selling prices may outpace cost reductions and worsen profitability. - FY2017RestatedAnnual report
「In some industries, product generations change rapidly, which could reduce sales volumes from the initial sales projections, prevent recovery of individual research and development investments, and worsen the profitability of the relevant business.」
The company continues to describe the risks of product generation changes, declining sales volumes, and failure to recover research and development investments. - FY2016First statedAnnual report
「In some industries, product generations change rapidly, which could reduce sales volumes from the initial sales projections, prevent recovery of individual research and development investments, and worsen the profitability of the relevant business.」
The company identifies product generation changes, declining sales volumes, and the inability to recover research and development investments as risks.