Risk that R&D investment may not produce sufficient results
First written in FY2016. 12 of 13 entries say "Restated". Latest entry: FY2021-Q1.
The whole theme swung hardest in 2026: 14 of 29 companies on the "Worse" side.
74 other companies' latest entry also says "Restated".
- FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in existing business and other risks, including uncertainty over the results of R&D investment. - FY2020RestatedAnnual report
「These development investments may not always generate sufficient results, and depending on the outcome, they could affect the performance of the Group.」
The company continues to disclose the possibility that development investment may not translate into business performance. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no material changes in existing business and other risks, including uncertainty over the results of R&D investment. - FY2019-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new risks or material changes in existing business and other risks, including uncertainty over the results of R&D investment. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in existing business and other risks, including uncertainty over the results of R&D investment. - FY2018RestatedAnnual report
「The Group will actively invest in new product development and in new businesses and next-generation product development to build a third pillar alongside King File and Tepra in the stationery and office supplies business, but these development investments may not always generate sufficient results and, depending on the outcome, could adversely affect the performance of the Group.」
The company continues to disclose uncertainty over the results of R&D investment aimed at new products and a third pillar. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no new risks or material changes in existing business and other risks, including those related to R&D investment. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes in existing business and other risks, including those related to R&D investment. - FY2017RestatedAnnual report
「These development investments may not always generate sufficient results, and depending on the outcome, they could adversely affect the performance of the Group.」
The company continues to disclose the risk that development investment aimed at new products and a third pillar may not generate sufficient results. - FY2017-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no new risks or material changes in existing business and other risks, including those related to R&D investment. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new risks or material changes in existing business and other risks, including those related to R&D investment. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in existing business and other risks, including those related to R&D investment. - FY2016First statedAnnual report
「These development investments may not always generate sufficient results, and depending on the outcome, they could adversely affect the performance of the Group.」
The company explicitly identifies uncertainty over the results of development investment aimed at building a third pillar as a risk.