Delays in Responding to Technological Innovation and Rising Research and Development Expenses
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 34 of 95 companies on the "Worse" side.
- FY2025DroppedAnnual reportIn the current year's business risks, there is no longer a separate conventional disclosure concerning delayed responses to technological innovation or increased R&D expenses. Risks related to the creation of new value are disclosed as a separate item.
- FY2022RestatedAnnual report
「The Group plans to respond through R&D activities and other initiatives. However, if the Company is unable to predict or identify the direction of technological changes and other developments, or is unable to respond appropriately, expenses related to R&D activities and other activities may become substantial, potentially affecting the Group's medium- to long-term management and business results.」
The Group continues to state its policy of responding to technological advances, including DX, through R&D activities, as well as the risks of failure to respond and increased R&D expenses. - FY2020RestatedAnnual report
「Digital transformation is developing rapidly against a backdrop of the widespread adoption of AI (artificial intelligence), cloud services and other technologies, and the evolution of IoT following the launch of fifth-generation mobile communications systems (5G). The Group plans to respond through R&D activities and other initiatives. However, if the Company is unable to predict or identify the direction of technological changes and other developments, or is unable to respond appropriately, expenses related to R&D activities and other activities may become substantial, potentially affecting the Group's medium- to long-term management and business results.」
The Group continues to state its policy of responding to technological advances, including DX, through R&D activities, as well as the risks of failure to respond and increased R&D expenses. - FY2019RestatedAnnual report
「Digital transformation is developing rapidly against a backdrop of the widespread adoption of AI (artificial intelligence), cloud services and other technologies, and the evolution of IoT following the launch of fifth-generation mobile communications systems (5G). The Group plans to respond through R&D activities and other initiatives. However, if the Company is unable to predict or identify the direction of technological changes and other developments, or is unable to respond appropriately, expenses related to R&D activities and other activities may become substantial, potentially affecting the performance of the Group.」
The Group continues to state its policy of responding through R&D to advances in AI, cloud services, 5G, IoT and digital transformation, as well as the risks of failure to respond and increased R&D expenses. - FY2018RestatedAnnual report
「To respond to significant technological innovation in the information services industry to which the Group belongs, the Group plans to respond through R&D activities and other initiatives. However, if the Company is unable to predict or identify the direction of technological changes and other developments, or is unable to respond appropriately, expenses related to R&D activities and other activities may become substantial, potentially affecting the performance of the Group.」
The Group continues to state its policy of responding to technological innovation through R&D activities, as well as the risks of failure to respond and increased R&D expenses. - FY2017RestatedAnnual report
「To respond to significant technological innovation in the information services industry to which the Group belongs, the Group plans to respond through R&D activities and other initiatives. However, if the Company is unable to predict or identify the direction of technological changes and other developments, or is unable to respond appropriately, expenses related to R&D activities and other activities may become substantial, potentially affecting the performance of the Group.」
The Group cites R&D activities as its policy for responding to technological innovation, while identifying failure to identify or respond to technological developments and increased expenses as risks. - FY2016First statedAnnual report
「If the Company is unable to predict or identify the direction of technological changes and other developments, or is unable to respond appropriately, expenses related to R&D activities and other activities may become substantial, potentially affecting the performance of the Group.」
The risks identified are failure to identify or respond to technological developments and an increase in R&D expenses.