Additional Spending on New Businesses and Inability to Recover It
First written in FY2017. 12 of 13 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2019: 6 of 25 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new occurrences of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies among the matters concerning business conditions and financial matters described in this interim report, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the major risks, including additional spending on new businesses and the inability to recover the investment. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of the principal risks that management recognizes as potentially having a material impact on the company's financial position, results of operations or cash flows, among the matters relating to the business and accounting conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the major risks, including additional spending on new businesses and the inability to recover the investment. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of the principal risks that management recognizes as potentially having a material impact on the company's financial position, results of operations or cash flows, among the matters relating to the business and accounting conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of the principal risks that management recognizes as potentially having a material impact on the company's financial position, results of operations or cash flows, among the matters relating to the business and accounting conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of the principal risks that management recognizes as potentially having a material impact on the company's financial position, results of operations or cash flows, among the matters relating to the business and accounting conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
A comprehensive statement says that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of the principal risks that management recognizes as potentially having a material impact on the company's financial position, results of operations or cash flows, among the matters relating to the business and accounting conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor were there any material changes to the business and other risks described in the securities report.」
A comprehensive statement says that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
A comprehensive statement says that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor were there any material changes to the business and other risks described in the securities report.」
It states that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor were there any material changes to the business and other risks described in the securities report.」
A comprehensive statement says that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
A comprehensive statement says that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor were there any material changes to the business and other risks described in the securities report.」
A comprehensive statement says that there have been no material changes regarding additional spending on new businesses and the inability to recover the investment. - FY2017First statedAnnual report
「Realising these initiatives will require additional spending on hiring personnel, service and software development costs, and other items. In addition, if the new businesses do not perform as planned, these additional expenditures may not be recoverable, potentially causing our profit margin to decline temporarily.」
It describes additional hiring and development expenditure associated with new businesses, as well as the inability to recover those expenditures and the resulting decline in profit margins if the businesses fall short of plan.