Risk of failing to recover upfront costs for in-house services
First written in FY2016. 9 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 4 of 15 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our group is working to make the recovery of invested funds more certain by pursuing capital efficiency and investing funds within objective numerical criteria. However, if any of the following risks materialize, it may become difficult to recover the invested funds, potentially affecting our group's operating results and financial condition.」
The disclosure reconfirms the general recovery risk for invested funds, including customer acquisition costs, capital expenditures, and acquisitions, as well as management based on numerical criteria. - 2026-06-04RestatedGeneral Meetings of Shareholders
「These assumptions involve uncertainty, and management's judgments have a significant impact on the assessment of recoverability.」
The Company described the recoverability assessment and related uncertainty for contract costs in the electricity retail service, using future revenue and cancellation rates. - FY2025RestatedAnnual report
「Our group is working to make the recovery of invested funds more certain by pursuing capital efficiency and investing funds within objective numerical criteria. However, if any of the following risks materialize, it may become difficult to recover the invested funds, potentially affecting our group's operating results and financial position.」
The disclosure reconfirms the general recovery risk for invested funds, including customer acquisition costs, capital expenditures, and acquisitions, as well as management based on numerical criteria. - FY2024RestatedAnnual report
「Our group is working to make the recovery of invested funds more certain by pursuing capital efficiency and investing funds within objective numerical criteria. However, if any of the following risks materialize, it may become difficult to recover the invested funds, potentially affecting our group's operating results and financial position.」
The disclosure reconfirms the general recovery risk for invested funds, including customer acquisition costs, capital expenditures, and acquisitions, as well as management based on numerical criteria. - FY2023Expanded to cover the recovery risk for invested funds generallyAnnual report
「Our group is working to make the recovery of invested funds more certain by pursuing capital efficiency and investing funds within objective numerical criteria. However, if any of the following risks materialize, it may become difficult to recover the invested funds, potentially affecting our group's operating results and financial position.」
The risk concerning the recovery of upfront costs for proprietary services has been reorganized as a general recovery risk for invested funds, including customer acquisition costs, capital expenditures, and acquisitions. - FY2021RestatedAnnual report
「If circumstances arise in which services can no longer be supplied, such as the early termination of business relationships due to changes in the market environment, it may become difficult to recover upfront costs, which could affect the profitability of the business.」
The risk that upfront costs for proprietary services may become difficult to recover due to early cancellations and other factors is reconfirmed. - FY2020RestatedAnnual report
「If circumstances arise in which services can no longer be supplied, such as the early termination of business relationships due to changes in the market environment, it may become difficult to recover upfront costs, which could affect the profitability of the business.」
The risk that upfront costs for proprietary services may become difficult to recover due to early cancellations and other factors is reconfirmed. - FY2019RestatedAnnual report
「Therefore, if circumstances arise in which services cannot be supplied, such as the early termination of business relationships due to changes in market conditions, it may become difficult to recover upfront costs, potentially affecting the profitability of the business.」
The risk that upfront costs for proprietary services may become difficult to recover due to early cancellations and other factors is reiterated. - FY2018RestatedAnnual report
「Therefore, if circumstances arise in which services cannot be supplied, such as the early termination of business relationships due to changes in market conditions, it may become difficult to recover upfront costs, potentially affecting the profitability of the business.」
The risk that upfront costs for proprietary services may become difficult to recover due to early cancellations and other factors is reiterated. - FY2017RestatedAnnual report
「Therefore, if circumstances arise in which services cannot be supplied, such as the early termination of business relationships due to changes in market conditions, it may become difficult to recover upfront costs, potentially affecting the profitability of the business.」
The risk that upfront costs for proprietary services may become difficult to recover due to early cancellations and other factors is reiterated. - FY2016First statedAnnual report
「If circumstances arise in which services can no longer be supplied, such as the early termination of business relationships due to changes in the market environment, it may become difficult to recover upfront costs, which could affect the profitability of the business.」
Although in-house services generate increasing recurring revenue, they involve upfront costs that may become difficult to recover if contracts are terminated early.