Recovery of Upfront Research and Development and Capital Investment Costs
First written in FY2017. 5 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2026: 19 of 24 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Research and development expenses account for a significant proportion of the expenses of our group, and we conduct research and development and capital investment ahead of time with a view to the future. However, if research and development does not produce the expected results, we may be unable to recover the research and development expenses and capital investment costs incurred in advance.」
The possibility that research and development and capital investment conducted ahead of time may fail to produce the expected results and the investments may not be recovered continues to be disclosed. - FY2021RestatedAnnual report
「However, there is no guarantee that these investments will immediately generate revenue, and consequently they may not lead to the expected profits.」
While investing funds raised through convertible bonds with stock acquisition rights and other instruments in expanded uses, consortia, CRO partnerships, production facilities and other areas, the disclosure expressly states the risk that the investments may not be recovered or converted into profits. - FY2020RestatedAnnual report
「Research and development expenses account for a significant proportion of the expenses of our group, and we conduct research and development and capital investment ahead of time with a view to the future. However, if research and development does not produce the expected results, we may be unable to recover the research and development expenses and capital investment costs incurred in advance.」
The possibility that research and development and capital investment conducted ahead of time may fail to produce the expected results and the investments may not be recovered continues to be disclosed. - FY2019RestatedAnnual report
「Research and development expenses account for a significant proportion of the expenses of our group, and we conduct research and development and capital investment ahead of time with a view to the future. However, if research and development does not produce the expected results, we may be unable to recover the research and development expenses and capital investment costs incurred in advance.」
While conducting research and development and capital investment ahead of time, the possibility that the expected results may not be achieved and the investments may not be recovered continues to be disclosed. - FY2018RestatedAnnual report
「Research and development expenses account for a significant proportion of the expenses of our group, and we conduct research and development and capital investment ahead of time with a view to the future. However, if research and development does not produce the expected results, we may be unable to recover the research and development expenses and capital investment costs incurred in advance.」
While conducting research and development and capital investment ahead of time, the possibility that the expected results may not be achieved and the investments may not be recovered continues to be disclosed. - FY2017First statedAnnual report
「Research and development expenses account for a significant proportion of the expenses of our group, and we conduct research and development and capital investment ahead of time with a view to the future. However, if research and development does not produce the expected results, we may be unable to recover the research and development expenses and capital investment costs incurred in advance.」
While conducting research and development and capital investment ahead of time, the possibility that the expected results may not be achieved and the investments may not be recovered is newly disclosed as a risk.