Details of issuance or disposal
| Item | Details |
|---|---|
| Specific use of funds | Details Personnel-related expenses / Amount ¥167 million / Scheduled timing of expenditures Fiscal years ending July 2023 to July 2025, Details Research and development costs / Amount ¥78 million / Scheduled timing of expenditures Fiscal years ending July 2023 to July 2025, Details Equipment-related expenses / Amount ¥70 million / Scheduled timing of expenditures Fiscal years ending July 2023 to July 2029, Details IT-related expenses / Amount ¥209.3 million / Scheduled timing of expenditures Fiscal years ending July 2027 to July 2029 |
| Most recent equity financing | Timing 26 April 2023 / Type Funds raised in an IPO / Amount Not disclosed |
| Impact on Business Performance | The impact on results for the fiscal year ending July 2027 is immaterial |
Items this document does not state (25)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To address increased demand from major companies for generative AI projects, it was determined that actively pursuing communications costs and other expenses necessary for using generative AI would be more effective than purchasing in-house servers to develop AI algorithms and products.