Uncertainty Surrounding Technological Innovation and R&D Investment
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2021.
Futaba moved to the "Worse" side of this theme in 2021, 4 years before the typical company in this theme (2025).
The whole theme swung hardest in 2026: 14 of 29 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「The ability to respond appropriately to rapidly changing market needs and technological advances adds value to our products and services. Failure to respond adequately, or failure to achieve the planned returns on aggressive investment in growth fields and other investments, may adversely affect our performance and growth.」
The company identified as risks not only delays in responding to technological innovation, but also the possibility of failing to achieve the planned returns on aggressive investment in growth fields. - FY2019RestatedAnnual report
「However, excessive research and development expenses, difficulties in overcoming technical challenges, delays in the timing of new product launches and failure to meet customer needs may affect the performance of our group.」
While continuing active R&D and early market entry, the company reconfirmed uncertainties relating to costs, technology, timing and customer fit. - FY2018RestatedAnnual report
「However, excessive research and development expenses, difficulties in overcoming technical challenges, delays in the timing of new product launches and failure to meet customer needs may affect the performance of our group.」
While continuing active R&D and early market entry, the company reiterated uncertainties relating to costs, technology, launch timing and customer fit. - FY2017RestatedAnnual report
「However, excessive research and development expenses, difficulties in overcoming technical challenges, delays in the timing of new product launches and failure to meet customer needs may affect the performance of our group.」
While continuing active R&D and early product launches, the company reiterated uncertainties relating to costs, technology, timing and customer fit. - FY2016First statedAnnual report
「However, excessive research and development expenses, difficulties in overcoming technical challenges, delays in the timing of new product launches and failure to meet customer needs may affect the performance and financial condition of our group.」
While positioning aggressive R&D investment and early market entry as growth measures, the company listed costs, technology, timing and customer fit as risks.