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KG Intelligence (2408) · RiskWorsened

Intensifying Competition in Job Listings and Local Media and Delays in Web Adaptation

First written in FY2016. 10 of 14 entries say "Worsened", first in FY2017. Latest entry: 2026-07-07.

14entries
10years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2017 – FY2018WorsenedFY2019-Q3 – FY2019RestatedFY2022 – FY2023WorsenedFY2024-Q2 – 2026-07-072017: 120172018: 320182019: 320192020: 120202021: 020212022: 020222023: 120232024: 220242025: 120252026: 22026
Same theme, other companies
Intensifying competition in the recruitment and staffing services sectorA theme 23 companies write about · 25 as a headwind · 0 as a tailwind

KG Intelligence moved to the "Worse" side of this theme in 2018, 7 years before the typical company in this theme (2025).

The whole theme swung hardest in 2020: 4 of 8 companies on the "Worse" side.

8 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 23 companies compared. The sentences above are computed from all 23.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-07WorsenedEarnings

    「デジタルシフトの進展により従来型求人媒体「アルパ」が影響を受けるなか」

    従来型求人媒体に対するデジタル化の競争圧力が継続していることを示している。
  2. FY2025WorsenedAnnual report

    「However, users’ methods of gathering information are diversifying through the spread of smartphones and the use of social media, among other factors, and competition centered on web services is intensifying. If the company is unable to roll out new services and functions that respond quickly to such technological innovation and market changes, its competitiveness may decline, potentially affecting the group’s performance and financial position.」

    In addition to established major competitors and aggregator sites, the company explicitly identifies the risk of declining competitiveness due to delays in responding to smartphones, social media and technological innovation.
  3. FY2024WorsenedAnnual report

    「For HR solutions-related information, operating revenue was ¥1,088 million, down 7.6% year on year, due to the decline of paper media and the reduced scale of businesses commissioned by local governments.」

    In addition to the decline of print media, the contraction of commissioned projects from local governments has emerged as a 7.6% year-on-year decline in HR-related operating revenue.
  4. FY2024-Q2WorsenedAnnual report

    「However, advertising fee revenue declined after the newspaper-inserted recruitment paper for HR solutions-related information was discontinued last year. In addition, the decline in search rankings following an algorithm change to the search engine for the rental-property search service resulted in operating revenue of ¥1.191 billion, down 13.8% year on year,」

    The discontinuation of print media and the decline in search rankings have emerged as lower advertising fee revenue and operating revenue, making the performance impact of the risk associated with adapting to changes in the media structure more concrete.
  5. FY2023RestatedAnnual report

    「However, because multiple competitors operate in each region, the company’s performance may be affected by declines in the number of listings and listing prices resulting from changes in the competitive environment. In addition, as the share of paper media in each type of content declines, the group’s performance may be affected by its response to other media, including the use of websites.」

    The company continues to identify as risks declines in the number of listings and listing prices due to regional competition, and the need to respond to the shift from print media to websites and other channels.
  6. FY2022RestatedAnnual report

    「The group plans to differentiate itself from competitors by providing locally focused information through the publication of magazines tailored to each region, adjustments to publication frequency, the rollout of newspaper-inserted recruitment papers, and enhancements to its websites. However, because multiple competitors operate in each region, the group’s performance may be affected by declines in the number of listings and listing prices resulting from changes in the competitive environment. In addition, as the share of paper media in each type of content declines, the group’s performance may be affected by its response to other media, including the use of websites.」

    While presenting a locally focused differentiation strategy, the company continues to identify as risks declines in the number of listings and listing prices due to regional competition, and the need to respond to the shift from print media to other media.
  7. FY2019WorsenedAnnual report

    「In recruitment-related information, advertising revenue declined for both the company’s recruitment websites and free papers due to the impact of aggregator sites, which have rapidly expanded their market share in recent years.」

    In addition to established major competitors and the contraction of the free-paper market, the impact of rapidly expanding aggregator sites has emerged in the form of lower advertising revenue from both recruitment websites and free papers.
  8. FY2019-Q3WorsenedAnnual report

    「Due in part to a decline in advertising revenue from free papers for recruitment-related information and the inability to offset it through recruitment agency, temporary staffing and other services, operating revenue was ¥1,900 million, down 10.8% year on year, and the company recorded an operating loss of ¥131 million, compared with operating income of ¥20 million in the previous fiscal year.」

    Advertising fee revenue continues to decline as media shifts from free papers to the internet and other channels, and this was not offset by recruitment placement and temporary staffing services, resulting in an operating loss.
  9. FY2019-Q2RestatedAnnual report

    「However, advertising revenue declined due to stagnation in the free-paper market and other factors. Operating revenue was ¥1,301 million, down 6.6% year on year, and the company recorded an operating loss of ¥65 million, compared with operating income of ¥24 million in the previous fiscal year.」

    Advertising revenue continues to decline due to stagnation in the free-paper market, and the difficult market environment surrounding recruitment and local media continues.
  10. FY2018WorsenedAnnual report

    「Although revenue increased following the acquisition of a consolidated subsidiary, the renewal of internet services and stronger efforts in recruitment placement and temporary staffing services, operating revenue from recruitment-related information totaled ¥1.88 billion, down 12.5% year on year due in part to the decline of the free-paper market.」

    Although revenue increased following the acquisition of a consolidated subsidiary, the renewal of internet services and stronger recruitment placement and temporary staffing services, recruitment-related information revenue declined 12.5% due to the decline of the free-paper market.
  11. FY2018-Q3WorsenedAnnual report

    「Due in part to a decline in advertising fee revenue from free papers for recruitment-related information as internet services became mainstream, operating revenue totaled ¥2.131 billion, down 19.6% year on year, and operating profit totaled ¥20 million, down 85.9%.」

    As internet services became mainstream, advertising fee revenue from free papers for recruitment-related information declined, resulting in operating revenue down 19.6% and operating profit down 85.9%.
  12. FY2018-Q2WorsenedAnnual report

    「However, advertising revenue declined due to stagnation in the free-paper market and other factors, resulting in operating revenue of ¥1.393 billion, down 23.1% year on year, and operating profit of ¥24 million, down 83.7%.」

    In connection with the previously reported contraction of the free-paper market and the competitive environment, this update indicates that market stagnation reduced advertising revenue, with operating revenue down 23.1% and operating profit down 83.7%.
  13. FY2017WorsenedAnnual report

    「Due to pressure from major competitors and the contraction of the free-paper market, operating revenue totaled ¥2.15 billion, down 7.6% year on year.」

    In addition to pressure from major competitors, the contraction of the free-paper market is explicitly identified as a contributing factor, reflected in lower revenue from recruitment-related information.
  14. FY2016First statedAnnual report

    「Although revenue increased from the growth of its internet services and from recruitment magazines in the Kagoshima area, which was launched in the previous consolidated fiscal year, and in the Oita and Tokushima areas, operating revenue declined in other areas due to pressure from major competitors and other factors, totaling ¥2.327 billion, down 5.6% year on year.」

    The company reports that recruitment-related information revenue declined in other areas due to pressure from major competitors, identifying competition among local media and the shift to internet services as performance risks.
Moved together

"Uncertainty over the Economic Outlook Due to Yen Appreciation and Inventory Adjustments" moved the same way as this thread, in the same document, in 9 of its 14 moves.

996322★123456
  1. ★This thread
  2. 1Uncertainty over the Economic Outlook Due to Yen Appreciation and Inventory Adjustments9×
  3. 2Maturity of Existing Businesses and Concentration on Advertising Placement Fee Revenue9×
  4. 3Weaker performance due to lower revenue from coupon and bridal-related businesses6×
  5. 4Impairment Loss on Idle Assets3×
  6. 5Shareholder Returns Through Dividends and Commemorative Dividends2×
  7. 6Development and cultivation of new business models that can be rolled out nationwide2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for KG Intelligence yet. It last moved in the Earnings of 2026-07-07: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Intensifying Competition in Job Listings and Local Media and Delays in Web Adaptation | KG Intelligence CO.,LTD. (2408) | Komori