Risks Related to Investment Outcomes and Changes in the Use of Proceeds from a Public Offering
First written in FY2023. 1 of 3 entries say "Materialised", first in FY2024. Latest entry: FY2025-H1.
57 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no significant changes in the occurrence of the major risks that management recognizes could materially affect the company’s financial position, financial performance, and cash flows, or in the matters described as “Business Risks” in the annual securities report for the previous fiscal year.」
No material changes have been made to the risks relating to the returns on investments made with the proceeds from the public offering or changes in their intended use. - FY2024MaterialisedAnnual report
「The company had planned to use the funds raised in connection with its initial public offering for ① recruitment expenses to secure solution designers, machine-learning engineers and other personnel, ② marketing expenses related to advertising and participation in exhibitions, ③ infrastructure development expenses for expanding GPU servers and other infrastructure for AI development, and ④ repayment of existing long-term borrowings. At the same time, the company had been continuously gathering information under a policy of promoting non-linear management approaches, such as corporate alliances, to accelerate medium-term business growth. In these circumstances, the company passed a board resolution regarding the execution of a joint venture agreement to establish a joint venture with Globe-ing Inc. Accordingly, the company changed the uses of funds, amounts and planned timing of allocation in order to give priority to allocating funds for investment in the joint venture.」
A material change actually occurred in the use of proceeds from the public offering, with investment in a joint venture with X-AI.Labo株式会社 taking priority over the original plan. - FY2023First statedAnnual report
「In addition, even if funds are used in accordance with the plan, our financial condition and operating results may be affected if the investment does not produce the expected returns.」
The company indicates the possibility of changing the planned uses of proceeds from the public offering, which are intended for recruitment, marketing, capital expenditures and debt repayment, as well as the possibility that the investments may not produce the expected returns.