Dependence on platform operators such as Apple and Google
First written in FY2024. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 7 of 32 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our group's financial and economic information platform business can be accessed through web browser applications as well as smartphone applications. Revenue from web browser applications is higher than revenue from smartphone applications, helping diversify dependence on platform operators.」
The group continues to describe dependence on operators such as Apple and Google and diversification through web browsers. - FY2025RestatedAnnual report
「Revenue from smartphone applications accounted for approximately 20% of total group revenue in the fiscal year ended May 2025.」
The explanation of dependence on platform operators such as Apple and Google and diversification through web browsers continues. - FY2024First statedAnnual report
「Revenue from smartphone applications accounted for approximately 20% of total company revenue in the fiscal year ended May 2024.」
Risks include changes in in-app payment conditions, rules, fees and business policies, as well as difficulty continuing contracts. Higher revenue from web browsers than applications provides diversification.