Risk of Delays and Failure to Achieve Results in New Technology Research and Development
First written in FY2021. 2 of 3 entries say "Reframed", first in FY2023. Latest entry: FY2026.
TESS Holdings moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 14 of 29 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Group is conducting research and development into battery storage system-related technologies, biomass fuel, supply-demand balancing and surplus electricity utilization technologies, among others. This research and development requires a long period of time and substantial expense.」
The research and development risks have been organized around current priority areas, including battery storage system-related technologies, biomass fuel, and supply-demand balancing and surplus electricity utilization technologies. - FY2023ReframedAnnual report
「The Group is conducting research and development into biomass power generation systems, biomass fuel, battery storage systems, supply-demand balancing and surplus electricity utilization technologies, and geothermal power generation systems. This research and development requires a long period of time and substantial expense.」
Supply-demand balancing and surplus electricity utilization technologies have been explicitly added to the existing research and development areas. - FY2021First statedAnnual report
「The Group is conducting research and development into biomass fuel, battery storage systems, small-scale wind power generation systems, biomass hot-water boilers and geothermal power generation systems. This research and development requires a long period of time and substantial expense.」
The Group indicates the possibility that research and development in several new-energy fields may take longer, require additional costs and fail to achieve the expected results.