Failure to Develop New Products and Technologies or Delays in Market Launches
First written in FY2022-Q1. 2 of 4 entries say "Worsened", first in FY2024. Latest entry: FY2025-H1.
REFINVERSE Group 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: 2 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「However, during the current interim consolidated accounting period, order acquisition under the shift toward higher value-added REAMIDE® products was delayed, resulting in a year-on-year decline in revenue.」
The delay in acquiring orders accompanying the shift toward higher value-added REAMIDE products is cited as an actual year-on-year revenue decline, and the risk of delays in launching new products and high-value-added applications continues. - FY2024WorsenedAnnual report
「The Group is working to improve the profitability of operating assets related to recycled nylon manufacturing. However, as profitability had not improved by the end of the current consolidated fiscal year and it was determined that future recovery was not expected, the carrying amount was reduced to the recoverable amount and the reduction was recorded as an impairment loss.」
Profitability did not improve, and an additional impairment loss of ¥14.086 million was recorded for assets related to recycled nylon manufacturing. - FY2023MaterialisedAnnual report
「For assets related to recycled nylon manufacturing among idle assets and operating assets, the carrying amount was reduced to the recoverable amount because profitability had declined and it was determined that future recovery was not expected. The reduction was recorded as an impairment loss.」
Regarding the risk of monetizing new products and technologies, states that the profitability of assets related to recycled nylon manufacturing declined and future recovery was no longer expected, resulting in the recognition of an impairment loss. - FY2022-Q1First statedAnnual report
「The Group believes that the market value of steelmaking auxiliary materials and their versatility as a nylon raw material provide sufficient profitability. However, new technology development generally entails the following risks.」
Lists multiple development risks relating to customer requirements and compliance with specifications, quality consistency, pricing, funding, time to market and market acceptance.