Risk of Failing to Achieve the Expected Investment Benefits from Funds Raised at Listing
First written in FY2024. 2 of 4 entries say "Advanced", first in FY2025. Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As a result of investing activities, funds decreased by ¥1,593.502 million. This was mainly attributable to payments for capital contributions of ¥600.000 million, payments for the acquisition of property, plant and equipment of ¥589.048 million, and payments for the acquisition of shares in subsidiaries resulting in a change in the scope of consolidation of ¥318.765 million.」
The Company executed M&A, acquired battery-storage facilities and invested in a battery-storage-facility fund, thereby expanding the scale of its growth investments. - FY2025AdvancedAnnual report
「Cash decreased by ¥1,343.455 billion from investing activities, mainly reflecting payments of ¥794.749 million for acquisitions of property, plant and equipment and ¥482.787 million for acquisitions of subsidiary shares resulting in a change in the scope of consolidation.」
The company executed investments under the revised use of funds, including ¥482.787 million for acquiring subsidiary shares as part of M&A. - FY2025-H1ReframedAnnual report
「We recently formulated a medium-term management plan and determined that actively pursuing M&A would be an effective means of achieving non-linear growth and realizing the plan. Accordingly, we have decided to change the use and timing of the funds.」
The revised use of IPO proceeds comprises ¥160 million for system development, ¥30 million for recruitment and ¥351 million for M&A, making M&A an explicit funding use for the medium-term management plan. - FY2024First statedAnnual report
「We have revised the use and timing of the funds and plan to allocate part of the proceeds to M&A, in addition to system development, to realize the medium-term management plan. However, because of rapid changes in our industry, the expected investment benefits may not be achieved even if the funds are used as planned.」
The company expanded the use of IPO proceeds from system development to M&A but discloses the risk of failing to achieve the expected investment benefits.