Uncertainty Regarding Pipeline Commercialization and Recurring Revenue Generation
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2019: 2 of 6 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「At Phase 4, the commercialization stage, the company expects to generate recurring revenue such as licensing income. However, as of the date of filing this document, it has no track record of recognizing recurring revenue.」
Although sales of ¥656 thousand were generated in Phase 4, the company continues to state that it has no track record of recognizing recurring revenue such as licensing income. - FY2024RestatedAnnual report
「At Phase 4, the commercialization stage, the company expects to generate recurring revenue such as licensing income. However, as of the date of filing this document, it has no track record of recognizing recurring revenue.」
The company continues to disclose that it expects recurring revenue from Phase 4 but has no track record of recognizing such revenue as of the filing date. - FY2023First statedAnnual report
「At Phase 4, the commercialization stage, the company expects to generate recurring revenue such as licensing income. However, as of the date of filing this document, it has no track record of recognizing recurring revenue. The company expects the number of pipelines reaching Phase 4 through further development to increase and recurring revenue to be generated, but commercialization of a pipeline may prove difficult depending on the customer's business conditions.」
The company expects recurring revenue from Phase 4, but has no track record of recognizing such revenue as of the filing date, and indicates that commercialization may be impossible because of customers' business conditions or difficulties in development.