Komori
Tose (4728) · RiskRestated

Continued Upfront Costs Associated with New Business Development

First written in FY2016-Q3. 9 of 19 entries say "Restated". Latest entry: 2026-10-26.

19entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2020 – 2026-10-262016: 220162017: 420172018: 420182019: 420192020: 220202021: 120212022: 020222023: 020232024: 120242025: 020252026: 12026
Same theme, other companies
Risk of short-term margin deterioration from step-change growth investmentsA theme 49 companies write about · 49 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2017: 6 of 20 companies on the "Worse" side.

18 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 49 companies compared. The sentences above are computed from all 49.
Full recordFilings, disclosures and news, newest first
  1. 2026-10-26RestatedFinancial results briefing materials

    「将来の、ひとつの柱となる高収益事業を創出するべく、現在は多方面で仕込みを進めておりますが、まだ多くの施策において直ちに収益化へ結びつく段階ではございません。」

    新規事業について、多方面で人的リソースを投入した仕込みを続けている一方、直ちに収益化する段階ではないとの説明を再確認している。
  2. FY2024RestatedAnnual report

    「As a result, costs may be incurred ahead of revenue, reducing profit margins. In addition, if new services or new businesses fail to progress as planned because circumstances arise that differ from the outlook, this could have a material impact on the Group's results.」

    The risks of upfront costs and lower profit margins associated with expanding the business domain, as well as failure of new businesses to meet their plans, continue.
  3. FY2021RestatedAnnual report

    「To expand its business scale and diversify its revenue sources, the Group intends to actively expand its business domains. This may result in costs being incurred ahead of revenue and lower profit margins.」

    The company continues to disclose the risks of upfront costs and lower profit margins associated with expanding the business domain, as well as failure of new businesses to meet their plans.
  4. FY2020RestatedAnnual report

    「As a result, costs may be incurred ahead of revenue, reducing profit margins. In addition, if new services or new businesses fail to progress as planned because circumstances arise that differ from the outlook, this could have a material impact on the Group's results.」

    The risks of upfront costs and lower profit margins associated with expanding the business domain, as well as failure of new businesses to meet their plans, continue to be disclosed.
  5. FY2020-Q1MitigatedAnnual report

    「In the first quarter of the current consolidated fiscal year, as described in 2. (1) above, efforts to improve customer loyalty in the SI business led to strong orders for follow-on projects related to projects developed in the previous fiscal year. As a result, revenue from this business was ¥250 million, up 196.0% year on year, and operating profit was ¥21 million, compared with an operating loss of ¥31 million in the same period of the previous year.」

    Across Other Business, including new businesses, results shifted from an operating loss of ¥31 million in the same period of the previous year to an operating profit of ¥21 million, temporarily reducing the earnings burden from upfront costs and other expenses.
  6. FY2019MaterialisedAnnual report

    「Meanwhile, the costs associated with new businesses, including the concert and crane game businesses newly undertaken by subsidiary Fonex Communications Co., Ltd., substantially exceeded revenue, resulting in an operating loss of ¥5 million, compared with an operating profit of ¥1 million in the previous consolidated fiscal year.」

    Costs for new businesses substantially exceeded revenue, and Other Business shifted to an operating loss of ¥5 million.
  7. FY2019-Q3RestatedAnnual report

    「In the nine months ended the third quarter of the current consolidated fiscal year, strong development projects in the SI business resulted in revenue from this business of ¥306 million, up 45.7% year on year. However, costs related to the concert business operated by subsidiary Fonex Communications Co., Ltd. substantially exceeded revenue, resulting in an operating loss of ¥7 million, compared with an operating profit of ¥8 million in the same period of the previous year.」

    Concert business costs continued to substantially exceed revenue, and Other Business shifted from an operating profit in the same period of the previous year to an operating loss.
  8. FY2019-Q2RestatedAnnual report

    「In the six months ended the second quarter of the current consolidated fiscal year, royalty revenue from the crane game business operated by subsidiary Fonex Communications Co., Ltd. remained strong, resulting in revenue from this business of ¥159 million, up 12.8% year on year. However, costs related to the concert business launched in the current consolidated fiscal year substantially exceeded revenue, resulting in an operating loss of ¥31 million, compared with an operating profit of ¥12 million in the same period of the previous year.」

    The cost burden associated with new businesses continued, and Other Business posted an operating loss of ¥31 million as concert business costs substantially exceeded revenue.
  9. FY2019-Q1MaterialisedAnnual report

    「In the first quarter of the current consolidated fiscal year, subsidiary Fonex Communications Co., Ltd. launched a concert business, resulting in revenue from this business of ¥84 million, up 81.5% year on year. However, costs related to the concert business substantially exceeded revenue, resulting in an operating loss of ¥31 million, compared with an operating loss of ¥11 million in the same period of the previous year.」

    Costs for the new concert business substantially exceeded revenue, resulting in an operating loss of ¥31 million in Other Business.
  10. FY2018MitigatedAnnual report

    「The deficit narrowed as upfront investment costs in the content distribution business for Southeast Asia declined, resulting in an operating loss of ¥130 million, compared with an operating loss of ¥173 million in the previous consolidated fiscal year.」

    Upfront investment costs in the Southeast Asian distribution business declined, narrowing the full-year operating loss from ¥173 million in the previous year to ¥130 million.
  11. FY2018-Q3MitigatedAnnual report

    「As noted above, the deficit narrowed as the cost of upfront investment in the content distribution business for Southeast Asia declined substantially, resulting in an operating loss of ¥90 million, compared with an operating loss of ¥161 million in the same period of the previous year.」

    Upfront investment costs in the Southeast Asian distribution business declined substantially, narrowing Other Business's operating loss from ¥161 million in the same period of the previous year to ¥90 million.
  12. FY2018-Q2MitigatedAnnual report

    「The deficit narrowed as the cost of upfront investment in the content distribution business for Southeast Asia declined substantially following the review of the business strategy, resulting in an operating loss of ¥52 million, compared with an operating loss of ¥121 million in the same period of the previous year.」

    Upfront investment costs in the Southeast Asian distribution business declined substantially, narrowing the operating loss from ¥121 million in the same period of the previous year to ¥52 million.
  13. FY2018-Q1MitigatedAnnual report

    「The deficit narrowed because upfront investment costs incurred in the content distribution business for Southeast Asia in the previous consolidated fiscal year were no longer recognized following the review of the business strategy, resulting in an operating loss of ¥39 million, compared with an operating loss of ¥87 million in the same period of the previous year.」

    In the content distribution business for Southeast Asia, upfront investment costs incurred in the previous fiscal year were no longer recognized, narrowing Other Business's operating loss from ¥87 million to ¥39 million.
  14. FY2017RestatedAnnual report

    「As a result, revenue from this business was ¥336 million, down 17.0% from the previous consolidated fiscal year. In the content distribution business for Southeast Asia, the expensing of inventory in connection with the review of the business strategy temporarily increased costs, resulting in an operating loss of ¥173 million, compared with an operating loss of ¥231 million in the previous consolidated fiscal year.」

    The cost burden and operating loss associated with the review of the strategy for the Southeast Asian distribution business continued throughout the year.
  15. FY2017-Q3RestatedAnnual report

    「In the content distribution business for Southeast Asia, the expensing of inventory in connection with the review of the business strategy temporarily increased costs, resulting in an operating loss of ¥161 million, compared with an operating loss of ¥152 million in the same quarter of the previous year.」

    The cost burden from upfront costs related to new businesses continued, and Other Business posted an operating loss of ¥161 million.
  16. FY2017-Q2MaterialisedAnnual report

    「In the content distribution business for Southeast Asia, the expensing of inventory in connection with the review of the business strategy temporarily increased costs, resulting in an operating loss of ¥121 million, compared with an operating loss of ¥111 million in the same quarter of the previous year.」

    The expensing of inventory associated with the review of the business strategy continued, and Other Business posted an operating loss of ¥121 million.
  17. FY2017-Q1MaterialisedAnnual report

    「In the content distribution business for Southeast Asia, the expensing of inventory in connection with the review of the business strategy temporarily increased costs, resulting in an operating loss of ¥87 million, compared with an operating loss of ¥70 million in the same quarter of the previous year.」

    The cost burden related to the new business was actually incurred as the expensing of inventory associated with the review of the business strategy, and Other Business posted an operating loss of ¥87 million.
  18. FY2016RestatedAnnual report

    「As upfront costs associated with promoting these new businesses continued to be incurred, the company posted an operating loss of ¥231 million, compared with an operating loss of ¥296 million in the previous consolidated fiscal year.」

    Upfront costs related to new businesses continued to be incurred. Other Business remained loss-making, although its operating loss narrowed from the previous year.
  19. FY2016-Q3First statedAnnual report

    「Because upfront costs associated with developing these new businesses continued to be incurred, operating loss was ¥152 million, compared with an operating loss of ¥219 million in the same quarter of the previous year.」

    Upfront costs for new businesses continued to be incurred, resulting in an operating loss of ¥152 million in Other Businesses.
Moved together

"Expansion of Mobile Development and Operations Driven by Demand for Smartphone Development" moved the same way as this thread, in the same document, in 5 of its 19 moves.

553222★123456
  1. ★This thread
  2. 1Expansion of Mobile Development and Operations Driven by Demand for Smartphone Development5×
  3. 226 Titles Completed in Development5×
  4. 3Risk of Valuation Losses Due to Market Price and Foreign Exchange Movements in Securities3×
  5. 4Intensifying Competition in the Smartphone Game Market2×
  6. 5Downside Risk to Royalty Revenue from Large-Scale Revenue-Sharing Projects2×
  7. 6Promotion-Linked Operations and Growth in In-App Purchase Revenue for Large-Scale Smartphone Games2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Tose's next results are scheduled for 2026-10-08. Read the earnings preview It last moved in the Financial results briefing materials of 2026-10-26: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.