Risks of investment returns from capital increase proceeds and delays in core system investment
First written in FY2019. 1 of 3 entries say "Dropped", first in FY2021. Latest entry: FY2025.
Kpp Group Holdings moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
5 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The company is developing systems to support the promotion of new businesses, but the anticipated investment benefits may not be realized, and unexpected costs may arise due to delays in the development schedule or other factors.」
The risk has been reorganized from one limited to proceeds from capital increases and core-systems investment into the broader risk of underperformance, development delays and additional costs relating to system development for new businesses. - FY2021DroppedAnnual reportThe risk of underperformance of investments funded by capital increases and delays in core-systems investment is not listed as a standalone item under “Business and Other Risks” in this annual securities report. A separate new investment plan for the core systems is presented.
- FY2019First statedAnnual report
「The funds raised through the public offering and third-party allotment conducted during the consolidated fiscal year under review were used for capital investment related to internal core systems and repayment of borrowings. However, if the anticipated investment benefits are not realized or delays in capital investment result in unexpected cost increases, this could affect the financial position and operating results of the group.」
The company disclosed for the first time, as a standalone item, the risks of underperformance, delays and unexpected costs related to core-systems investment concerning the use of proceeds from the capital increase at the time of listing.