Risk of Changes in the Use of Public Offering Proceeds and Failure to Achieve Expected Investment Effects
First written in FY2018. 12 of 16 entries say "Restated". Latest entry: FY2024.
Smartvalue moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
57 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The group's principal sources of funds are cash flows from operating activities, funds raised through capital increases, and funds raised through borrowings from financial institutions.」
The company continues its existing risk assessment concerning capital-raising proceeds and investment benefits, as well as its funding policy, including the possibility that investment plans and the use of funds may change due to changes in the business environment. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no occurrence of major risks or material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company stated that there had been no occurrence of major risks or material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated group, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business, accounting conditions, financial statements and other matters described in the quarterly report.」
The company stated that there had been no occurrence of major risks or material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no occurrence of major risks or material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no occurrence of major risks or material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2021MaterialisedAnnual report
「Subsequently, during the current fiscal year, changes in business conditions resulted in the cancellation of a project included in the investment plan, so the use of the funds raised has been changed as follows.」
An actual change occurred in the use of funds raised through the public offering and other measures: the Kaga Lab construction plan was cancelled due to changes in the business environment, and the funds were allocated to software development. - FY2021-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, there were no occurrences of the principal risks that management recognised as potentially having a material impact on the financial condition, operating results or cash flows of the consolidated companies, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year, among the matters relating to the business and accounting conditions described in the quarterly report.」
The company stated that there had been no occurrence of major risks or material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no occurrence of major risks or material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no occurrence of major risks or material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2020MaterialisedAnnual report
「Accordingly, part of the intended use of funds raised through the public offering and the third-party allotment has changed. The company also disclosed actual results for the use of funds through the fiscal year ending June 2020.」
Following the transfer of the mobile business, an actual change occurred in the use of the capital-raising proceeds, and actual expenditures through the fiscal year ending June 2020 for software, the data center, the head office relocation and other uses were disclosed. - FY2020-Q3MaterialisedAnnual report
「Accordingly, part of the intended use of funds raised through the public offering and the third-party allotment has changed.」
Following the business transfer, an actual change occurred in the use of the capital-raising proceeds. The company disclosed the removal of funding for mobile-store renovation work and changes in the timing of allocations to cloud-related investments, Kaga Lab and other uses. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there had been no material changes in the risks relating to changes in the use of public-offering proceeds and failure to achieve the expected investment benefits. - FY2018First statedAnnual report
「However, the business environment in the industry to which the company belongs can change rapidly, and to respond flexibly to such changes, the funds may be allocated to uses other than those described above. Even if the funds are used in accordance with the original plan, there is no guarantee that the expected investment benefits will necessarily be achieved, which could affect the company's financial condition and operating results.」
The company described for the first time, as standalone risks, the possibility that funds raised through the public offering could be allocated to unplanned uses due to changes in the business environment, and the possibility that the expected investment benefits might not be achieved even if the funds were used as planned.