Risk of success or failure in research and development, capital investment and business restructuring
First written in FY2017. 4 of 7 entries say "Materialised", first in FY2023. Latest entry: FY2026.
Fdk moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 4 of 18 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「For assets scheduled for disposal, because there were no plans for future use, the carrying amount was reduced to the recoverable amount, and the resulting ¥7 million reduction was recognized as an impairment loss under extraordinary losses. For manufacturing equipment used in the Battery Business, the carrying amount of equipment for the alkaline battery business was reduced to the recoverable amount based on recent performance trends and future investment plans, and the resulting ¥322 million reduction was recognized as an impairment loss under extraordinary losses.」
The risk related to the success or failure of investment and business restructuring materialized in the form of impairment losses of ¥7 million on assets scheduled for disposal and ¥322 million on manufacturing equipment for the alkaline battery business. - FY2025MaterialisedAnnual report
「In addition, with respect to the company's all-solid-state batteries, the company recognized an impairment loss due, among other factors, to the continuation of poor operating performance.」
The risk related to the success or failure of R&D and capital expenditures additionally materialized in the form of continued weak performance in all-solid-state batteries and a ¥345 million impairment loss. - FY2024MaterialisedAnnual report
「In addition, with respect to the company's all-solid-state batteries, the conventional product specifications offer limited versatility and cannot meet the performance requirements of many customers. As it has become increasingly likely that the initially expected profitability will not be achieved going forward, the company recognized an impairment loss.」
The risk related to the success or failure of R&D and capital expenditures materialized in the form of lower earnings prospects for all-solid-state batteries and a ¥718 million impairment loss on fixed assets. - FY2023MaterialisedAnnual report
「In addition, investment in new businesses was limited to ¥1.36 billion due to development delays.」
Investment in new businesses, which had a cumulative target of ¥5.5 billion under R1, was limited to ¥1.36 billion due to development delays, and the shortfall against the investment plan was reported as an actual result. - FY2019RestatedAnnual report
「In the electronics sector, maintaining competitiveness may require substantial investment in research and development and capital expenditures, as well as business restructuring. Our group will continue to make necessary investments and carry out business restructuring, but the success or failure of these initiatives could adversely affect our group’s business performance and financial condition.」
The company continues to identify the risk that the success or failure of R&D investment, capital expenditures and business restructuring could affect business performance and financial condition. - FY2018RestatedAnnual report
「In the electronics sector, maintaining competitiveness may require substantial investment in research and development and capital expenditures, as well as business restructuring. Our group will continue to make necessary investments and carry out business restructuring, but the success or failure of these initiatives could adversely affect our group’s business performance and financial condition.」
The company continues to explicitly disclose the risk associated with the success or failure of R&D investment, capital expenditures and business restructuring. It adds that investment decisions take market trends and customer needs into consideration. - FY2017First statedAnnual report
「In the electronics sector, maintaining competitiveness may require substantial investment in research and development and capital expenditures, as well as business restructuring. Our group will continue to make necessary investments and carry out business restructuring, but the success or failure of these initiatives could adversely affect our group’s business performance and financial condition.」
The company newly identified as a standalone risk the possibility that the success or failure of R&D investment, capital expenditures and business restructuring undertaken to maintain competitiveness could affect business performance and financial condition.