Price Competition in the e-Discovery Market and Tool Vendor Advantage
First written in FY2018-Q1. 6 of 12 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025WorsenedAnnual report
「Particularly in the US market, US law firms are increasingly bringing e-discovery work in-house, and demand for external e-discovery vendors such as the company has begun to decline.」
In addition to the existing risk of competition over tool and service prices, the company explicitly identified declining demand for external vendors as a result of US law firms bringing their work in-house. - FY2024-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 determined that there had been no material change in the risks of price competition and the advantage of tool-owning vendors in the e-discovery market. - FY2021RestatedAnnual report
「Although the volume of electronic information held by companies in the e-discovery market continues to increase, pressure to reduce analysis service fees per unit of data volume is rising year by year.」
While continuing to identify pressure to reduce prices in the e-discovery market as an ongoing risk, the company positioned efficiency improvements in the review process through KIBIT Automator as a response. - FY2020-Q2RestatedAnnual report
「Meanwhile, pressure to reduce analysis service fees per unit of data volume has been increasing year by year, and many vendors are struggling with unprofitable projects. Some vendors have also begun outsourcing the review process, which has low margins because of high labor costs.」
The company continued to describe the competitive environment, including pressure to reduce analysis service fees, vendors with unprofitable projects, and outsourcing of the review process. - FY2020-Q1RestatedAnnual report
「Meanwhile, pressure to reduce analysis service fees per unit of data volume has been increasing year by year, and many vendors are struggling with unprofitable projects.」
The company continued to describe the previously identified competitive environment, including pressure to reduce prices, vendors with unprofitable projects, and outsourcing of the review process. - FY2019WorsenedAnnual report
「Meanwhile, pressure to reduce analysis service fees per unit of data volume has been increasing year by year, and many vendors are struggling with unprofitable projects. Against this backdrop, competition to win large projects, which are more likely to secure profitability, is becoming increasingly fierce. At the same time, some vendors are outsourcing the review process, which has low margins because of high labor costs, while others are seeking to dramatically reduce review-process prices through offshore operations.」
The company specifically described the intensifying competition to win large projects, unprofitable projects, and outsourcing and offshore strategies that promote lower prices, in addition to pressure to reduce prices. - FY2019-Q2RestatedAnnual report
「Meanwhile, pressure to reduce analysis service fees per unit of data volume has been increasing year by year. Going forward, the market may undergo a major shift toward a structure in which vendors that own their own e-discovery tools and can improve operational efficiency through technology have an overwhelming advantage.」
The company continued to identify pressure to reduce prices in the e-discovery market and the competitive structure favoring vendors that own their own tools as risks. - FY2019-Q1RestatedAnnual report
「Meanwhile, pressure to reduce prices per unit has been increasing year by year. Going forward, the market may undergo a major shift toward a structure in which vendors that own their own e-discovery tools have an overwhelming advantage.」
The company continued to identify pressure to reduce prices in the e-discovery market and the competitive structure favoring vendors that own their own tools as risks. - FY2018WorsenedAnnual report
「Meanwhile, pressure to reduce prices per unit has been increasing year by year. Going forward, the market may undergo a major shift toward a structure in which vendors that own their own e-discovery tools have an overwhelming advantage.」
Although the market is expanding, pressure to reduce prices per unit is increasing year by year, and the company explicitly identified the shift toward a competitive structure favoring tool-owning vendors. - FY2018-Q3WorsenedAnnual report
「In the legal business, price competition in the e-discovery market, its main battleground, is becoming increasingly intense, and the competitive environment is changing toward a structure in which vendors that own e-discovery tools have an overwhelming advantage.」
Price competition in the e-discovery market is becoming increasingly intense, and the shift toward a competitive structure favoring tool-owning vendors is continuing. - FY2018-Q2WorsenedAnnual report
「In the legal business, price competition in the e-discovery market, its main battleground, is becoming increasingly intense, and the competitive environment is changing toward a structure in which vendors that own e-discovery tools have an overwhelming advantage.」
The company explained that price competition in the e-discovery market was becoming even more intense and that the shift toward a competitive structure favoring tool-owning vendors was continuing and worsening. - FY2018-Q1First statedAnnual report
「In the legal business, the e-discovery market environment is rapidly changing into a structure in which vendors that own e-discovery tools have an overwhelming advantage as price competition intensifies.」
The company disclosed as a new risk the intensifying price competition in the e-discovery market and the shift toward a market structure favoring vendors that own the tools.