Risk that research and development investment will not translate into sales
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 14 of 29 companies on the "Worse" side.
74 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Developing new products requires substantial resources and long-term investment in advance, but there is no guarantee that all of these efforts will lead to the creation of new products or technologies. Nor is there any guarantee that the Company will be able to secure sufficient funding and resources in the future for investment in new products and technologies.」
The Company continues to disclose the possibility that long-term, large-scale R&D investment will not lead to new products or sales, and that funding and resources may not be secured. - FY2020RestatedAnnual report
「Developing new products requires substantial resources and long-term investment in advance, but there is no guarantee that all of these efforts will lead to the creation of new products or technologies. Nor is there any guarantee that the Company will be able to secure sufficient funding and resources in the future for investment in new products and technologies.」
The Company continues to disclose the possibility that long-term, large-scale R&D investment will not lead to new products or sales, and that funding and resources may not be secured. - FY2019RestatedAnnual report
「Developing new products requires substantial resources and long-term investment in advance, but there is no guarantee that all of these efforts will lead to the creation of new products or technologies. Nor is there any guarantee that the Company will be able to secure sufficient funding and resources in the future for investment in new products and technologies.」
The Company continues to disclose the possibility that long-term, large-scale R&D investment will not lead to new products, new technologies or sales. - FY2018RestatedAnnual report
「Developing new products requires substantial resources and long-term investment in advance, but there is no guarantee that all of these efforts will lead to the creation of new products or technologies. Nor is there any guarantee that the Company will be able to secure sufficient funding and resources in the future for investment in new products and technologies.」
The Company continues to disclose the possibility that long-term, large-scale R&D investment will not lead to new products, new technologies or sales, and that funding and resources may not be secured. - FY2016First statedAnnual report
「Developing new products requires substantial resources and long-term investment in advance, but there is no guarantee that all of these efforts will lead to the creation of new products or technologies. Nor is there any guarantee that the Company will be able to secure sufficient funding and resources in the future for investment in new products and technologies.」
The Company discloses the uncertainties surrounding the recovery of upfront investment, user acceptance of new products, and the securing of development funding and resources.