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Cluster Technology (4240) · RiskRestated

Risks Related to the Direction, Excessive Number and Technical Difficulty of Development Themes

First written in FY2016. 8 of 10 entries say "Restated". Latest entry: FY2025.

10entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q3 – FY20252016: 220162017: 220172018: 120182019: 120192020: 120202021: 020212022: 120222023: 120232024: 020242025: 12025
Same theme, other companies
Risk of R&D investments failing to deliver resultsA theme 116 companies write about · 116 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 14 of 29 companies on the "Worse" side.

74 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 116 companies compared. The sentences above are computed from all 116.
Full recordFilings, disclosures and news, newest first
  1. FY2025RestatedAnnual report

    「Because the characteristics and requirements demanded by customers and the market are constantly changing, there is a risk that the Company may be unable to focus its product development, causing substantial delays, or that development themes may stall during the research and development stage before specific products are manufactured or sold.」

    The Company reconfirms the risks of development delays and stalled development themes caused by changing market requirements, as well as the risk of failing to recover development costs.
  2. FY2023RestatedAnnual report

    「Because the characteristics and requirements demanded by customers and the market are constantly changing, there is a risk that the Company may be unable to focus its product development, causing substantial delays, or that development themes may stall during the research and development stage before specific products are manufactured or sold.」

    The Company reconfirms the risks of development delays and stalled development themes caused by changing market requirements, as well as the risk of failing to recover development costs.
  3. FY2022RestatedAnnual report

    「Because the characteristics and requirements demanded by customers and the market are constantly changing, there is a risk that the Company may be unable to focus its product development, causing substantial delays, or that development themes may stall during the research and development stage before specific products are manufactured or sold.」

    The Company reconfirms the risks of development delays and stalled development themes caused by changing market requirements.
  4. FY2020RestatedAnnual report

    「There is a risk that the Company may be unable to overcome technical barriers due to time constraints, third-party patents and the difficulty associated with unfamiliar technologies, forcing it to abandon the themes and development projects it is currently pursuing.」

    The Company reconfirms the risk that development themes may be technically difficult due to time constraints, third-party patents and unfamiliar technologies.
  5. FY2019RestatedAnnual report

    「There is a risk that the Company may be unable to overcome technical barriers due to time constraints, third-party patents and the difficulty associated with unfamiliar technologies, forcing it to abandon the themes and development projects it is currently pursuing.」

    The Company reconfirms the risk that development themes may be technically difficult due to time constraints, third-party patents and unfamiliar technologies.
  6. FY2018RestatedAnnual report

    「There is a risk that the Company may be unable to overcome technical barriers due to time constraints, third-party patents and the difficulty associated with unfamiliar technologies, forcing it to abandon the themes and development projects it is currently pursuing.」

    The Company reconfirms the risks associated with development themes, including time constraints, third-party patents and the difficulty associated with unfamiliar technologies.
  7. FY2017RestatedAnnual report

    「There is a risk that the Company may be unable to overcome technical barriers due to time constraints, third-party patents and the difficulty associated with unfamiliar technologies, forcing it to abandon the themes and development projects it is currently pursuing.」

    The Company again describes the risks associated with development themes, including time constraints, third-party patents and the difficulty associated with unfamiliar technologies.
  8. FY2017-Q3RestatedAnnual report

    「The technical requirements for next-generation power semiconductors, the core application, are becoming increasingly advanced and complex, and the outlook is that it will still take time to create a new market.」

    The Company again states that technical requirements for next-generation power semiconductors are becoming more advanced and complex and that market formation is expected to take longer.
  9. FY2017-Q2WorsenedAnnual report

    「The level of technical requirements for the next-generation power semiconductors at the core of the business is tending to become increasingly advanced and complex.」

    It is stated that the technical requirements for next-generation power semiconductors are becoming increasingly advanced and complex, heightening the risks associated with technical difficulty.
  10. FY2016First statedAnnual report

    「Because the characteristics and requirements demanded by customers and the market are constantly changing, there is a risk that the Company may be unable to focus its product development, causing substantial delays, or that activities may stall during the research and development stage before specific products are manufactured or sold.」

    The Company cites the possibility that development may be delayed or discontinued due to changing market requirements, an increase in development themes and technical barriers.
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Risks Related to the Direction, Excessive Number and Technical Difficulty of Development Themes | CLUSTER TECHNOLOGY CO.,LTD. (4240) | Komori