Shortfall in Proceeds from Public Offering Capital Increase and Failure to Achieve Expected Investment Benefits
First written in FY2018. 2 of 3 entries say "Restated". Latest entry: FY2022.
57 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company has allocated the funds raised through its public offering on 30 October 2018 to a capital increase by a subsidiary, the establishment of an algorithm research framework, ASP function improvements, cloud server costs, recruitment expenses, investment in an accounting system, head-office expansion, and advertising and promotional expenses. However, it may fail to achieve the expected investment effects, which could affect business performance.」
The company stated that funds raised through the public offering had been allocated to planned growth investments and continues to identify the risk of failing to achieve the expected investment effects. - FY2019RestatedAnnual report
「The company has allocated the funds raised through its public offering on 30 October 2018 to a capital increase by a subsidiary, the establishment of an algorithm research framework, ASP function improvements, cloud server costs, recruitment expenses, investment in an accounting system, head-office expansion, and advertising and promotional expenses. However, it may fail to achieve the expected investment effects, which could affect business performance.」
The company stated that funds raised through the public offering had been allocated to planned growth investments, while continuing to identify the risk of failing to achieve the expected investment effects. - FY2018First statedAnnual report
「If sufficient funds cannot be raised due to changes in the business environment or other factors, this may reduce competitiveness or constrain business expansion. In addition, even if the funds raised are used in line with the original plan, the expected investment effects may not be achieved, which could affect business performance.」
Alongside its plan to allocate funds raised through a public offering to growth investments, the company identifies insufficient funds raised and failure to achieve the expected investment effects as risks.