Risk that new services fail to come to fruition or be monetized
First written in FY2021. 5 of 11 entries say "Materialised", first in FY2023-Q2. Latest entry: 2026-09-11.
CINC Corp. moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 6 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「We selected projects to handle from the perspective of improving project quality and established a collaborative structure for matching with other advisory firms, pursuing initiatives to improve closing prospects. We closed 1 transaction during the interim consolidated accounting period.」
For the M&A advisory business, which did not close a transaction in the previous consolidated fiscal year, the company proceeded with selecting matters to handle and collaborating with other companies, resulting in 1 transaction closing during the interim consolidated accounting period. - FY2025MaterialisedAnnual report
「As a result of these initiatives, progress was made in generating leads from sellers and buyers and expanding the search list, but no transactions were closed during the consolidated fiscal year.」
In the new M&A advisory business, lead generation progressed, but the business did not reach monetization during the fiscal year. - FY2024-Q2MaterialisedAnnual report
「For “Keywordmap for SNS,” the service environment became more challenging following the announcement of changes to the specifications of the API provided by X Corp., and the service was discontinued as of 30 April 2024.」
For the service deemed unlikely to secure stable revenue, discontinuation was implemented after the service had been scaled back. - FY2024-Q1WorsenedAnnual report
「At a meeting of the Board of Directors held on 15 December 2023, the company decided to discontinue the Keywordmap for SNS service as of 30 April 2024 and scaled back its development and sales operations.」
For the new service, which was deemed unlikely to secure stable revenue, the business impact expanded from a service scale-back to a decision to discontinue the service. - FY2023MaterialisedAnnual report
「Following the decision to scale back the Keywordmap for SNS service, the company recognized an impairment loss of ¥56.821 million.」
As securing stable revenue from the new service became difficult, the company recognized an impairment loss in addition to scaling back the service. - FY2023-Q3MaterialisedAnnual report
「From 1 July, we reduced the functions provided, lowered prices and scaled back our development and sales operations.」
For Keywordmap for SNS, the service scale-back, deemed necessary because securing stable revenue was difficult, was implemented from 1 July 2023. - FY2023-Q2MaterialisedAnnual report
「We determined that it would be difficult to secure stable revenue going forward while maintaining the current level of service, and the Board of Directors decided at its meeting held on 19 May 2023 to scale back the “Keywordmap for SNS” service.」
After determining that securing sufficient stable revenue from the new service would be difficult, a specific event occurred in the form of a scale-back of the service. - FY2022RestatedAnnual report
「Although their contribution to business performance remains limited, the company is working to provide consulting services for new platforms such as YouTube, TikTok, Twitter and LINE, as well as」
While initiatives involving new services and platforms were strengthened, their contribution to business performance remained limited. The risk that the new business will not be monetized continues. - FY2021First statedAnnual report
「The new business is currently at the conceptual stage, and may ultimately not be launched or, even if launched, may fail to generate sufficient revenue and be discontinued.」
The company indicated that it plans to begin development and other activities after conducting preliminary validation.