Delays in Product Development and Lack of Market Fit
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 2 of 13 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If we determine that sufficient quality has not been secured for sale to customers, additional development, testing and other work will be required, which may delay the launch of the software and cloud services and affect the operating results and financial condition of our group.」
Continues to describe the risks of delays in launching products to ensure quality, market nonacceptance, discontinuation of development, and the inability to recover costs. - FY2025RestatedAnnual report
「If we determine that sufficient quality has not been secured for sale to customers, additional development, testing and other work will be required, which may delay the launch of the software and cloud services and affect the operating results and financial condition of our group.」
Continues to describe the risks of delays to ensure product-development quality, market nonacceptance, discontinuation of development, and the inability to recover costs. - FY2024RestatedAnnual report
「Because development may take an extended period, we may discontinue development before the product is launched if, for example, customer demand trends or our group's sales strategy change during that period, or it becomes clear that implementing functions initially envisioned is technically difficult.」
Continues to describe the risks of product development delays, market nonacceptance, and the inability to recover costs following discontinuation of development. - FY2022First statedAnnual report
「If we determine that sufficient quality has not been secured for sale to customers, additional development, testing and other work will be required, which may delay the launch of the software and affect the operating results and financial condition of our group. In addition, if a new product of our group is not accepted by the market because it does not meet market needs or for other reasons, this may affect the operating results and financial condition of our group.」
In addition to the risk of product defects, identified as product-development risks were development delays to ensure quality, discontinuation of development due to technical difficulties, and market nonacceptance of new products.