Risks Relating to the Investment Effectiveness and Changes in the Use of IPO Proceeds
First written in FY2019. 1 of 5 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2022.
57 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group plans to use its internal funds for capital investment, loans to subsidiaries, working capital and debt repayment. However, even if the funds are invested for these purposes as planned, the expected investment benefits may not be achieved.」
The intended uses of internal funds, the risk of failing to achieve the expected investment benefits, and the possibility of changing the uses of funds due to external conditions have been reconfirmed. - FY2021ReframedAnnual report
「The Group plans to use its internally generated funds for capital expenditures, loans to subsidiaries, working capital and repayment of borrowings.」
The scope of the disclosure has expanded from its previous focus on the use of funds raised through the listing to include risks relating to the use of internal funds, capital investment, loans to subsidiaries, working capital and debt repayment. - FY2020MitigatedAnnual report
「Subsequently, at a meeting of the Board of Directors held on 13 February 2020, we resolved to conduct a capital increase because prospects had emerged for launching a paint-related business with the Japanese automotive-parts-related companies targeted by O-WELL Mexico Coatings & Electronics S.A. de C.V.」
Regarding the uses of funds that had remained undetermined following the cancellation of the Mexico plan, the capital increase and investment policy were reconsidered after prospects for commencing the business emerged, resolving the previously undetermined status. - FY2020-Q2MaterialisedAnnual report
「The capital increase has been cancelled, and the uses of the funds will be undetermined.」
Regarding the funds raised through the listing, the planned capital increase in the Mexican subsidiary was cancelled due to the external environment, and the uses of the funds were changed. - FY2019First statedAnnual report
「Even if the funds are invested in the above-mentioned uses as planned, the expected investment benefits may not be achieved. In addition, the uses of the funds may be changed to purposes other than those currently planned due to sudden changes in the external environment surrounding the Group and other factors.」
Regarding funds raised through the disposal of treasury shares, the possibility that investment benefits may fall short of expectations and that the uses of the funds may change due to the external environment are identified.