Uncertainty over Investment Returns and Changes in the Use of Funds Raised through Listing
First written in FY2024. 1 of 2 entries say "Materialised", first in FY2025. Latest entry: FY2025.
Daiwa Cycle moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
7 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「For the fiscal year ended January 2025, the company decided to change the scheduled timing of expenditures in light of factors including the fact that new store openings did not proceed as planned.」
Regarding the risk concerning the investment benefits and changes in the intended use of proceeds raised at the time of listing, the company actually disclosed a change in the scheduled timing of expenditures due to store openings falling short of plan. - FY2024First statedAnnual report
「The company plans to use the proceeds raised through the public offering conducted at the time of its listing for capital expenditures related to store openings. However, as the business environment may change rapidly, the company may not achieve the expected investment benefits even if it uses the funds in accordance with the original plan.」
While the company plans to use the public offering proceeds for capital expenditures related to store openings, it discloses the possibility that investment benefits may fall short of expectations and that the intended use of the proceeds may change.