Risk of Prolonged R&D and Failure to Achieve Commercialization
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2020.
Soken Chemical & Engineering moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 14 of 30 companies on the "Worse" side.
7 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「The Group believes it must continually develop high-value-added products and technologies that meet market and customer needs, and actively conducts both basic and applied research into new products and technologies. However, if it fails to respond appropriately to changes in market and customer needs, this could affect the Group's performance.」
In addition to the existing risks of prolonged R&D and failure to achieve commercialization, the company explicitly identifies failure to respond to changes in market and customer needs as a risk in developing new products. - FY2018RestatedAnnual report
「Because the Group's R&D includes basic research, R&D periods may extend over a long term, and there is no guarantee that all R&D projects will be commercialized and contribute to the Group's performance.」
The company reaffirms the risk of prolonged R&D and the uncertainty that R&D projects may not reach commercialization or contribute to performance. - FY2017RestatedAnnual report
「Because the Group's R&D includes basic research, R&D periods may extend over a long term, and there is no guarantee that all R&D projects will be commercialized and contribute to the Group's performance.」
The company reaffirms the risk of prolonged R&D and the uncertainty that R&D projects may not reach commercialization or contribute to performance. - FY2016First statedAnnual report
「R&D periods may extend over a long term, and there is no guarantee that all R&D projects will be commercialized and contribute to the Group's performance.」
While stepping up R&D, including basic research, the company explicitly recognizes the uncertainty of realizing results.