Risk of delays in new product development and obsolescence of existing technology
First written in FY2018. 1 of 2 entries say "Restated". Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019RestatedAnnual report
「In addition, if technological innovation progresses faster than anticipated and existing technologies become rapidly obsolete, or if development of new products by our group is significantly delayed, our group’s earnings capacity may decline and we may lose market share.」
The risk of declines in earnings capacity and market share due to obsolescence of existing technologies and delays in new product development continues to be disclosed. - FY2018First statedAnnual report
「In the rapidly changing semiconductor industry, it is not easy to anticipate future needs and continue developing new technologies and products to meet them. In addition, if technological innovation progresses faster than anticipated and existing technologies become rapidly obsolete, or if development of new products by our group is significantly delayed, our group’s earnings capacity may decline and we may lose market share.」
For the first time, the risk that obsolescence of existing technologies and delays in new product development could lead to declines in earnings capacity and market share is explained as a standalone risk.