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Kawasaki Heavy Industries (7012) · RiskMaterialised

Delays in R&D, Market Mismatch, and Failure to Achieve Results

First written in FY2016. 2 of 3 entries say "Materialised", first in FY2022. Latest entry: FY2023.

3entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016MaterialisedFY2022 – FY20232016: 120162017: 020172018: 020182019: 020192020: 020202021: 020212022: 120222023: 12023
Same theme, other companies
Non-recovery and Impairment of Research and Development Expenditure and Capital InvestmentA theme 52 companies write about · 54 as a headwind · 0 as a tailwind

Kawasaki Heavy Industries moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).

The whole theme swung hardest in 2026: 19 of 24 companies on the "Worse" side.

26 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 52 companies compared. The sentences above are computed from all 52.
Full recordFilings, disclosures and news, newest first
  1. FY2023MaterialisedAnnual report

    「In the current consolidated fiscal year, the Group recognised impairment losses on the following asset groups, which were recorded under cost of sales in the consolidated income statement.」

    With respect to the risk of failing to achieve results in research and development and new businesses, the company recognised an impairment loss of ¥2,402 million because the automated PCR testing robot system was no longer expected to be used due to a substantial decline in demand for PCR testing.
  2. FY2022MaterialisedAnnual report

    「Many projects, including those involving hydrogen utilisation, require long-term investment from basic research through demonstration and commercialisation. Depending on changes in the market, customers, competitors and regulations in each country, some fields may require a review of the development strategy or withdrawal, and in the past there have been businesses in which development costs invested could not be recovered.」

    The company explicitly stated that, in relation to the risk of delays in research and development and market misalignment, there had been businesses in the past in which invested development costs could not be recovered.
  3. FY2016First statedAnnual report

    「The Group's business performance may be affected if research and development does not proceed as planned, causing opportunities for commercialisation to be lost; if products fail to reach commercialisation because they do not meet market needs; or if sufficient results are not achieved even after commercialisation.」

    Risks associated with research and development requiring substantial expenditure and lengthy development periods.
Moved together

"Political and economic conditions in regions worldwide and fluctuations in resource prices" moved the same way as this thread, in the same document, in 2 of its 3 moves.

222★123
  1. ★This thread
  2. 1Political and economic conditions in regions worldwide and fluctuations in resource prices2×
  3. 2Inventory Adjustments and Investment Delays in China’s Construction Machinery and Robotics Markets2×
  4. 3Delays in the Supply of Specialty Parts and Surging Raw Material Prices2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Delays in R&D, Market Mismatch, and Failure to Achieve Results | Kawasaki Heavy Industries,Ltd. (7012) | Komori