6223.TWO6223.TWOTWO
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R&D Expense Growth Under PressureDecelerating
Percentile Rank49
3Y CAGR-26.3%
5Y CAGR-8.3%
Year-over-Year Change

Year-over-year research & development expense growth

3Y CAGR
-26.3%/yr
vs +5.3%/yr prior
5Y CAGR
-8.3%/yr
Recent deceleration
Acceleration
-31.6pp
Decelerating
Percentile
P49
Within normal range
vs 5Y Ago
0.6x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q3 20253.34%
Q2 202518.31%
Q1 2025-20.08%
Q4 202417.34%
Q3 202414.70%
Q2 202414.93%
Q1 2024-7.38%
Q4 20239.84%
Q3 20234.99%
Q2 202313.80%
Q1 2023-9.05%
Q4 20220.02%
Q3 20228.34%
Q2 20224.71%
Q1 2022-15.30%
Q4 202111.91%
Q3 20212.50%
Q2 2021-0.58%
Q1 2021-3.62%
Q4 20206.78%
Q3 20205.16%
Q2 20205.85%
Q1 2020-11.90%
Q4 20192.07%
Q3 2019-6.17%
Q2 20197.04%
Q1 2019-36.82%
Q4 201814.04%
Q3 201830.12%
Q2 2018-0.70%
Q1 2018-30.63%
Q4 201742.10%
Q3 20172.09%
Q2 201714.75%
Q1 2017-27.94%
Q4 201613.29%
Q3 2016-20.08%
Q2 201637.04%
Q1 2016-18.13%
Q4 2015-0.29%