Changes in Use of Proceeds and Investment Effectiveness Risk
First written in FY2023. 4 of 6 entries say "Materialised", first in FY2024-Q1. Latest entry: FY2026-H1.
monoAI technology moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
7 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「Profitability of the asset group of monoAI technology Co., Ltd. has remained depressed. Because recovery of the investment was deemed unlikely during the interim consolidated accounting period, the carrying amount was reduced to the recoverable amount and the reduction was recorded as an impairment loss under extraordinary losses.」
The Company continued to disclose the realization of investment-return risk, recording a ¥7,382 thousand impairment loss on the monoAI technology Co., Ltd. asset group after concluding that profitability remained depressed and investment recovery was unlikely. - FY2025-H1MaterialisedAnnual report
「Profitability of the asset group of monoAI technology Co., Ltd. has remained depressed. Because recovery of the investment was deemed unlikely during the interim consolidated accounting period, the carrying amount was reduced to the recoverable amount and the reduction was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥21,673 thousand was recorded on the monoAI technology Co., Ltd. asset group because profitability remained depressed and investment recovery was deemed unlikely. - FY2024-H1MaterialisedAnnual report
「Because Robo Applications’ performance is expected to remain below the original business plan, the carrying amount was reduced to the recoverable amount and the ¥175,043 thousand reduction was recorded as an impairment loss under extraordinary losses.」
The investment-return risk associated with the acquisition of Robo Applications materialized as an impairment loss of ¥175,043 thousand on goodwill, following a major customer’s business reorganization and the expected substantial decline in order prices. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk of changing the use of raised funds or failing to achieve investment benefits was treated as having no material change. The delay in realizing investment benefits was separately specified. - FY2024-Q1MaterialisedAnnual report
「While customers continue largely to explore the potential of the metaverse, various latent needs exist. To help customers achieve their missions, the Group is providing solutions centered on XR CLOUD while also using optimal XR technologies and third-party metaverse platforms according to customer needs.」
The Company specifically disclosed issues including orders at lower-than-expected prices and lengthening sales cycles, which are delaying the realization of investment benefits. - FY2023First statedAnnual report
「Because the business environment in the XR industry changes rapidly, funds may be allocated to uses other than those planned in order to respond flexibly. Even if the raised funds are used in accordance with the Company’s plans, the expected investment benefits may not be achieved.」
The Company disclosed the possibility of changing the use of public offering proceeds and failing to achieve expected investment benefits even when funds are used as planned.