Upfront Investment in New Services and Exit Costs
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 4 of 15 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For new services, we will conduct sufficient preliminary research and consideration of their recoverability before proceeding. However, it may take some time to generate stable revenue, and during that period upfront investment in personnel and other expenses may temporarily reduce the profit margin, affecting the group’s business results and financial position.」
Continues to identify the period until new services are monetized, lower margins from upfront investment and exit costs as risks. - FY2022First statedAnnual report
「Although we will thoroughly investigate and consider the potential for recovering our investment before launching new services, it may take some time to generate stable revenue. During that period, upfront investment in personnel and other costs may temporarily reduce profit margins, which may affect the Group’s operating results and financial position.」
For the first time, identifies the period before new services generate revenue, lower profit margins due to upfront investment and exit costs if results fall short as risks.