Risk of a gap between R&D investment and results
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 14 of 29 companies on the "Worse" side.
74 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Company plans to continue investing in expenses for specified clinical research and clinical trials after 2026. However, if R&D results diverge significantly from targets, they may affect business performance and other matters.」
Reconfirms the plan to invest in R&D funds after 2026 and the risk that results may diverge from targets. - FY2024RestatedAnnual report
「The Company plans to continue investing in expenses for specified clinical research and clinical trials after 2024. However, if R&D results diverge significantly from targets, they may affect business performance and other matters.」
Reconfirms the plan to invest in R&D funds after 2024 and the risk that results may diverge from targets. - FY2023RestatedAnnual report
「The Company plans to continue investing in expenses for specified clinical research and clinical trials after 2023. However, if R&D results diverge significantly from targets, they may affect business performance and other matters.」
Restates the risk that results may diverge from targets while continuing to invest in R&D resources. - FY2022First statedAnnual report
「The Company plans to continue investing in expenses for specified clinical research and clinical trials after 2022, following its listing. However, if R&D results diverge significantly from targets, they may affect business performance and other matters.」
Discloses the failure to achieve expected results after investment in R&D and clinical trial expenses as a risk within 3 years.