Risk of delayed monetization of new and adjacent businesses
First written in FY2018. 1 of 5 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MaterialisedAnnual report
「As the earnings originally projected for the Minutes business included in the travel business can no longer be expected, the Company recognized the entire unamortized balance of the related goodwill as an impairment loss under extraordinary losses.」
Regarding the risk of delayed monetization of new and adjacent businesses, the initially projected earnings from the Minutes business were no longer expected, and an impairment loss was actually recognized on the full amount of goodwill. - FY2025Greater specificity regarding investment burden riskAnnual report
「However, these initiatives are expected to take a certain amount of time to generate stable revenue, and revenue may temporarily deteriorate for the time being due to increased investment costs and other factors.」
In addition to the risk of delayed monetization of new and adjacent businesses, the company explicitly identified the risk of temporary deterioration in earnings due to increased investment costs in the near term. - FY2021Expansion of the target businessAnnual report
「The Group plans to expand the functionality of its existing website, expand its customer base through alliances with other companies, and expand into new fields such as domestic travel and fintech-related businesses. However, because it is expected to take a certain amount of time to generate stable revenue, the Group's overall revenue may temporarily deteriorate as a result.」
The company explicitly added the domestic travel and fintech-related businesses to the existing risks associated with adjacent businesses and stated that monetizing new fields may take time. - FY2019RestatedAnnual report
「Going forward, our group plans to add functions to existing websites, expand its customer base through partnerships with other companies, and expand into fields related to its current business, such as air tickets and hotels, but it is expected to take a certain amount of time to generate stable earnings.」
The risk of delayed monetization accompanying expansion into adjacent fields such as existing websites, partnerships, air tickets and hotels is reaffirmed. - FY2018First statedAnnual report
「However, there is no guarantee that these businesses will necessarily perform as our group expects, and if they do not, this may affect the group's performance.」
The performance risk if enhancements to existing websites and expansion into related fields do not progress as planned is described.