Risk of Unplanned Use of Funds Raised at Listing and Failure to Achieve Expected Results
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2022.
63 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「It is expected to take a certain amount of time before new businesses generate stable revenue, which may reduce our overall profit margin. In addition, if changes in the future business environment and other factors cause new businesses to perform differently from our expectations and we are unable to recover sufficient amounts from our investment in them, this may affect the performance of our group.」
The disclosure reiterates the risk that investment in new businesses will take time to generate revenue, resulting in lower profit margins and insufficient recovery of investment. - FY2020RestatedAnnual report
「It is expected to take a certain amount of time before new businesses generate stable revenue, which may reduce our overall profit margin. In addition, if changes in the future business environment and other factors cause new businesses to perform differently from our expectations and we are unable to recover sufficient amounts from our investment in them, this may affect the performance of our group.」
The disclosure reiterates the risks of delayed monetization of new businesses, lower profit margins, and insufficient recovery of investment. - FY2019RestatedAnnual report
「It is expected to take a certain amount of time before new businesses generate stable revenue, which may reduce our overall profit margin. In addition, if changes in the future business environment and other factors cause new businesses to perform differently from our expectations and we are unable to recover sufficient amounts from our investment in them, this may affect the performance of our group.」
The disclosure reiterates the risks of delayed monetization of new businesses, lower profit margins, and insufficient recovery of investment. - FY2017RestatedAnnual report
「We plan to pursue new businesses in order to expand the scale of our operations and diversify our sources of revenue. It is expected to take a certain amount of time before new businesses generate stable revenue, which may reduce our overall profit margin.」
The disclosure reiterates the risk that investment in new businesses will take time to generate stable earnings, resulting in lower profit margins and insufficient recovery of investment. - FY2016First statedAnnual report
「However, in order to respond promptly to rapid changes in economic conditions, the funds may be allocated to purposes other than those planned as of the present time. In addition, not all uses of the funds raised will necessarily contribute to our growth, and we may fail to achieve the results initially planned.」
The disclosure describes the possibility of allocating public offering proceeds for unplanned purposes and the possibility that spending on web media, advertising, core systems and other areas may fail to produce the planned results.