Uncertainty over the effectiveness of R&D investment
First written in FY2017. 2 of 3 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2026: 15 of 32 companies on the "Worse" side.
78 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Under a clear development policy, the group carefully selects the research and development projects it pursues. It also regularly reviews progress at each development stage and decides whether to continue each project.」
The company reiterated its policy of maximising the effectiveness of investment by selecting research and development themes and reviewing their progress. - FY2018RestatedAnnual report
「Under a clear development policy, the group carefully selects the research and development projects it pursues. It also regularly reviews progress at each development stage and decides whether to continue each project.」
The policy of selecting R&D themes and reviewing their progress in response to uncertainty over the effectiveness of R&D investment was reiterated. - FY2017First statedAnnual report
「The Company may fail to achieve the results anticipated from its research and development investments, or the results may not contribute sufficiently to earnings.」
While the Company selects and prioritizes R&D themes and reviews progress, it newly identified the possibility of failing to achieve the expected return on investment as a risk.