Risk that the benefits or use of raised funds will differ from plan
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2025.
57 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If investments fail to produce the expected results, or if uses offering greater investment benefits arise, the funds may be allocated to uses other than those currently planned.」
It reiterates the possibility of changing the use of raised funds in response to investment returns or the operating environment. - FY2024RestatedAnnual report
「If investments fail to produce the expected results, or if uses offering greater investment benefits arise, the funds may be allocated to uses other than those currently planned.」
It reiterates the possibility of changing the use of raised funds in response to investment returns or changes in the operating environment. - FY2023RestatedAnnual report
「If investments fail to produce the expected results due to the launch of new businesses or changes in the operating environment, or if uses offering greater investment benefits arise, the funds may be allocated to uses other than those currently planned.」
It reiterates the possibility of changing the use of raised funds in response to investment returns or changes in the operating environment. - FY2022First statedAnnual report
「If investments fail to produce the expected results due to the launch of new businesses or changes in the operating environment, or if uses offering greater investment benefits arise, the funds may be allocated to uses other than those currently planned.」
It describes for the first time as a risk the possibility that funds raised at the time of listing may fail to produce the expected investment returns or may be reallocated to other uses.