Changes in the use of proceeds and failure to achieve investment objectives
First written in FY2018. 1 of 2 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2022-Q3.
Wagokoro moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
7 other companies' latest entry also says "Materialised".
- FY2022-Q3MaterialisedAnnual report
「The planned amount to be raised at the time of issuance of the stock acquisition rights was ¥260 million, but the amount raised upon completion of their exercise was ¥196 million, resulting in a shortfall of ¥64 million. The company will work to reduce the costs of new store openings and system development, while also considering further equity financing to improve its financial position more reliably and secure flexible funding for future business expansion.」
The amount raised fell short of the initial plan, resulting in changes to the actual use of funds and spending plan. To address the funding shortfall, the company plans to reduce new store opening and system development costs and consider additional equity financing. - FY2018First statedAnnual report
「The company may change the use of funds due to the launch of new businesses, changes in the business environment or other factors. Even if the funds are used in accordance with the original plan, the intended investment returns may not be achieved.」
The company disclosed the possibility of changing the use of funds raised for planned new store openings, system investments, expansion of floor space, advertising and other purposes, as well as the possibility of failing to achieve the expected investment returns.