Risk of Failing to Meet New Business Development Plans and Recovering Investments
First written in FY2020. 3 of 6 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-10-15.
ALiNK Internet moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2019: 6 of 26 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- 2026-10-15MaterialisedEarnings presentation
「The business originating from price optimization was limited as a revenue model」
Regarding the proof of concept for the dynamic-pricing business, the company records as an actual result the limited nature of a revenue model originating from price optimization. - FY2026MaterialisedAnnual report
「In addition, in order to further strengthen the business foundation and improve competitiveness in the market, our dynamic pricing business had been opening new locations at a pace exceeding the initial plan, but the increase in upfront investment costs associated with this aggressive business expansion became a factor that reduced short-term profitability. Accordingly, after examining future recoverability following the identification of indications of impairment in the business, we fully impaired the carrying amount of goodwill and recorded an impairment loss of ¥6.860 million, an impairment loss on buildings and structures of ¥841 thousand, and an impairment loss on other tangible fixed assets of ¥1.750 million.」
In the dynamic pricing business, upfront investment costs associated with aggressive new-location openings reduced short-term profitability, and impairment losses of ¥9.452 million were recorded on goodwill and fixed assets. - FY2026-H1MaterialisedAnnual report
「In the dynamic pricing business, we recorded an impairment loss of ¥9.452 million during the current interim consolidated accounting period.」
In relation to the risk of failing to meet new business plans and recover investments, an impairment loss of ¥9.452 million was actually recorded in the dynamic pricing business. - FY2023RestatedAnnual report
「Despite careful market analysis and the preparation of business plans, if circumstances arise that differ from forecasts and the launch of a new business does not proceed as planned, we may be unable to recover the invested funds, which may affect our operating results and cash flows.」
The risk of failure to meet new business plans and recover investments is reiterated. - FY2022RestatedAnnual report
「Despite careful market analysis and the preparation of business plans, if circumstances arise that differ from forecasts and the launch of a new business does not proceed as planned, we may be unable to recover the invested funds, which may affect our operating results and cash flows.」
The risk of failure to meet new business plans and recover investments is reiterated. - FY2020First statedAnnual report
「Despite careful market analysis and the preparation of business plans, if circumstances arise that differ from forecasts and the launch of a new business does not proceed as planned, we may be unable to recover the invested funds, which may affect our operating results and cash flows.」
Execution and investment recovery risks associated with the policy of actively investing in new businesses.