Risks of Investment Burdens, Delayed Monetization and Failure to Meet Plans in New Businesses
First written in FY2020. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 4 of 18 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company is pursuing new businesses to expand its business areas and achieve sustainable growth, but these businesses may entail expenses for research and development, capital investment, and securing human resources, depending on their nature. In addition, a certain period is required to generate stable earnings after a new business is launched, and this period may adversely affect the company's performance. If a new business does not progress as planned because of changes in market conditions or customer trends, misjudgment of market needs, unexpected technological innovation, or other factors, it may have a material impact on the company's performance and financial condition.」
The Company continues to disclose the cost burden of R&D, capital investment and securing personnel associated with new businesses, the time required to generate stable earnings, and the risk of failing to meet plans. - FY2023RestatedAnnual report
「The company is pursuing new businesses with the aim of expanding its business domains and achieving sustainable growth, but depending on their nature, they may incur costs for research and development, capital investment and securing personnel. In addition, a certain period is required before stable earnings can be generated after a new business is launched, and this period may adversely affect the company's performance.」
The company continues to disclose the costs of research and development, capital investment, and securing human resources associated with new businesses, as well as the time required to generate stable earnings and the risk of failing to meet plans. - FY2022RestatedAnnual report
「The group is pursuing new businesses with the aim of expanding its business areas and achieving sustainable growth, but depending on their content, these initiatives may require expenditures for research and development, capital investment and securing personnel. In addition, a certain period is required to generate stable earnings after launching a new business, and that period may adversely affect the group's performance.」
The company continues to disclose the cost burden of research and development, capital investment and securing personnel for new businesses, as well as the time required to generate stable earnings, as risks. - FY2020First statedAnnual report
「A certain period is required to generate stable earnings after launching a new business, and that period may adversely affect the Group's performance. In addition, if a new business launched by the Group fails to progress as planned due to changes in market conditions or customer trends, misjudgments regarding market needs, unexpected technological innovation or other factors, it may materially affect the Group's performance and financial condition.」
The company has for the first time separately identified as risks the costs of research and development, capital investment, and securing personnel associated with expanding business domains and launching new businesses, the time required to monetize them, and failure to meet plans.