Investment Recovery Risk for New Services and New Businesses
First written in FY2022. 3 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 6 of 26 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In addition, if the rollout of new services and new businesses does not proceed as initially planned, the Group may be unable to recover its investment. Depending on the nature of the new services and businesses, additional inherent risk factors may arise and may affect the Group's business and results.」
The company again discloses the risks of additional investment in new services and new businesses, delays in monetization and failure to recover investments. - FY2026-H1DroppedAnnual report
「Not applicable.」
The business and other risks section of the interim report contains no specific mention of the risk of failure to recover investments in new services and new businesses. This does not establish that the risk itself has disappeared. - FY2025RestatedAnnual report
「In addition, if the rollout of new services or new businesses does not proceed as initially planned, we may be unable to recover our investments. Depending on the nature of the new services or businesses, additional risks specific to them may arise, potentially affecting our business and performance.」
The company again discloses the risks of additional investment in new services and new businesses, delays in monetization and failure to recover investments. - FY2025-H1DroppedAnnual report
「Not applicable.」
The business and other risks section of the interim report contains no specific mention of the risk of failure to recover investments in new services and new businesses. This does not establish that the risk itself has disappeared. - FY2024MaterialisedAnnual report
「The rollout of the business took longer than expected, including because of efforts to address needs specific to North America.」
The delay in expanding the North American business was specifically disclosed, and a full allowance for doubtful accounts was recorded against the investment in GroundLevel Insights Inc. An event related to the risk of failing to recover investments in new businesses and overseas investments has occurred. - FY2024-Q1DroppedAnnual report
「Not applicable.」
The business and other risks section of the quarterly report states, “There are no applicable matters,” and contains no specific mention of the risk of failure to recover investments in new services and new businesses. - FY2023RestatedAnnual report
「We will continue to actively pursue the rollout of new services and new businesses to expand our scale and strengthen our earnings base. This may require additional investments, including the recruitment of personnel and system development, and it may take time to generate stable earnings.」
The company continues to disclose the risks of additional investment in new businesses, delays in monetization and failure to recover investments. - FY2022First statedAnnual report
「In addition, if the rollout of new services or new businesses does not proceed as initially planned, we may be unable to recover our investments. Depending on the nature of the new services or businesses, additional risks specific to them may arise, potentially affecting our business and performance.」
The company indicates that investments in retail media, urban operating systems and other areas may not be recovered because of failure to meet plans or risks specific to those businesses.