Substantial R&D Costs and Development Delay Risk
First written in FY2023. 2 of 4 entries say "Worsened", first in FY2024. Latest entry: FY2026.
Mwcc moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2019: 4 of 13 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Total research and development expenses for the company’s 19th fiscal year were ¥653.277 million. Microwave processes are considered applicable to a wide range of fields, including basic chemicals, specialty chemicals, fuels and ores.」
Research and development expenses increased from ¥437.647 million to ¥653.277 million, and the company is advancing research and development investment in multiple next-generation pipelines and DualPore technology. - FY2025Decline in R&D ExpensesAnnual report
「Total R&D expenses for the company's 18th fiscal year were ¥437.647 million. Microwave processes are considered applicable to a wide range of fields, including basic chemicals, functional chemicals, fuels and ores. The company is pursuing R&D on multiple next-generation pipelines, focusing on green technologies, chemical recycling and mining processes, with the aim of creating a microwave chemistry industry and becoming a leading company in that industry.」
R&D expenses decreased from ¥504.083 million in the previous fiscal year to ¥437.647 million, but R&D on multiple next-generation pipelines is continuing. - FY2024WorsenedAnnual report
「Total R&D expenses for the company's 17th fiscal year were ¥504.083 million. Microwave processes are considered applicable to a wide range of fields, including basic chemicals, functional chemicals, fuels and ores. The company is pursuing R&D on multiple next-generation pipelines, focusing on green technologies, chemical recycling and mining processes, with the aim of creating a microwave chemistry industry and becoming a leading company in that industry.」
R&D expenses increased to ¥504.083 million, and the scale of R&D investment and the associated risks of delays and failure to achieve results have expanded as the company advances multiple pipelines in green technologies, chemical recycling and mining processes. - FY2023First statedAnnual report
「Total R&D expenses for the company's 16th fiscal year were ¥444.650 million. If this R&D is delayed from the original plan or does not produce the expected results, R&D expenses may exceed the original plan, potentially affecting operating results and financial condition.」
The company recorded R&D expenses of ¥444.650 million and identifies additional expenses resulting from development delays or failure to achieve expected results as a risk.