Potential Changes in the Use of Listing Proceeds and Uncertainty over Monetization
First written in FY2018-Q3. 4 of 5 entries say "Restated". Latest entry: FY2021.
57 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Group plans to use the proceeds to invest in the development of new IoT products, cover personnel recruitment costs associated with expanding its existing businesses, and purchase wearable devices for sale and rental. However, these investments may not necessarily generate the expected returns because of changes in the economic environment, the entry of competitors, unforeseen events, changes in the use of the funds, or the failure of new businesses to progress as planned.」
Changes in the use of the proceeds and uncertainty over the monetization of investments and new businesses continue to be treated as risks. - FY2020RestatedAnnual report
「However, these investments may not necessarily generate the expected returns because of changes in the economic environment, the entry of competitors, unforeseen events, changes in the use of the funds, or the failure of new businesses to progress as planned.」
Changes in the use of the proceeds, new businesses, and uncertainty over the monetization of investments continue to be treated as risks. - FY2019RestatedAnnual report
「However, these investments may not necessarily generate the expected returns because of changes in the economic environment, the entry of competitors, unforeseen events, changes in the use of the funds, or the failure of new businesses to progress as planned.」
Changes in the use of the proceeds and uncertainty over the monetization of new businesses and investments continue to be treated as risks. - FY2018RestatedAnnual report
「However, these investments may not necessarily generate the expected returns because of changes in the economic environment, the entry of competitors, unforeseen events, changes in the use of the funds, or the failure of new businesses to progress as planned.」
Changes in the use of the proceeds and uncertainty over the monetization of investments continue to be described as risks. - FY2018-Q3First statedAnnual report
「However, because IoT devices and their related markets are changing rapidly, the proceeds may be allocated to uses other than those described above in order to respond flexibly to such changes. In addition, even if the funds are used as planned, the Group may not generate the expected returns. In such cases, the Group's business and results may be affected.」
The possibility of changing the use of the proceeds in response to changes in IoT devices and related markets, as well as the possibility of failing to generate the expected returns even if the funds are used as planned, is identified as a new business risk.