Decline in customer numbers due to weaker advertising effectiveness and an adverse user balance
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 5 of 18 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If the number of workers or clients on one side declines, we may be unable to maintain an appropriate balance between workers and clients, leading to lower utilization. As a result, the platform may lose its competitive advantage and gross transaction value may decline.」
The linked risks of deteriorating advertising effectiveness, user balance, utilization and gross transaction value are reiterated. - FY2025First statedAnnual report
「If the number of workers or clients on one side declines, we may be unable to maintain an appropriate balance between workers and clients, leading to lower utilization. As a result, the platform may lose its competitive advantage and gross transaction value may decline.」
The company describes the risk that ineffective advertising, higher advertising expenses or a decline in users on one side could affect utilization, network effects and gross transaction value.