Intensifying Competition in the E-Commerce Payments Market
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「The emergence of competitors offering innovative services based on entirely new technologies, or competitors pursuing a sales strategy centered on low prices, could affect the Company's business performance.」
The risk of intensifying competition, including competitors using new technologies and aggressive low-price strategies, has been reconfirmed. - FY2020WorsenedAnnual report
「The barriers to entry for the collection agency services provided by the Company are not necessarily high, and competition among existing payment service providers is intensifying. In addition, the emergence of competitors offering innovative services based on entirely new technologies, or competitors pursuing a sales strategy centered on low prices, could affect the Company's business performance.」
The description identifies low barriers to entry, competitors using new technologies and aggressive low-price strategies as specific risk factors associated with intensifying competition. - FY2019RestatedAnnual report
「The Company recognizes dependence on convenience-store infrastructure, system failures and administrative risk, intensifying competition with competitors, responding to new services, investment in new businesses, intellectual property rights and personal information management as factors that could have a material impact on its business performance.」
Intensifying competition with competitors has been reconfirmed as a factor affecting business performance. - FY2018RestatedAnnual report
「If the differentiation strategy adopted in response to intensifying competition fails to produce the planned results, among other things, the Company could become drawn into price competition.」
The risk of intensifying competition in the payments services market and price competition if differentiation is unsuccessful has been reconfirmed. - FY2017RestatedAnnual report
「If the differentiation strategy adopted in response to intensifying competition fails to produce the planned results, among other things, the Company could become drawn into price competition.」
The risk of intensifying competition in the payments services market and price competition if differentiation is unsuccessful has been reconfirmed. - FY2016First statedAnnual report
「Competition in the e-commerce payments services market is intensifying against a backdrop of expected future growth. In general, intensifying competition could adversely affect earnings. The Company is working to secure a competitive advantage by increasing the value it provides, but if this differentiation strategy fails to produce the planned results, it could affect the Company's business performance.」
The Company recognizes intensifying competition against a backdrop of market growth and is addressing it through differentiation based on increased value-added services.