Delays in, or inability to obtain, approval or certification for new products
First written in FY2016. 1 of 2 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2022: 3 of 16 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「Even if the company is unable to launch a new product at the anticipated time, or has submitted an application for approval or certification, approval or certification may be delayed or may not be obtained for various reasons, including the application review process and GMP/QMS conformity assessments.」
Reiterates the risk that delays in, or inability to obtain, regulatory approvals and certifications for new products could affect launch timing and profitability. - FY2016First statedAnnual report
「Even if the company is unable to launch a new product at the anticipated time, or has submitted an application for approval or certification, approval or certification may be delayed or may not be obtained for various reasons, including the application review process and GMP/QMS conformity assessments.」
Discloses the risk that regulatory approvals and conformity assessments from research and development through commercialization could affect the timing of new-product launches and profitability.