Intensifying Competition and Low Barriers to Entry
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026.
6 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The cosmetics market in which the company primarily operates includes competitors of various sizes both in Japan and overseas. In addition, the presence of OEM companies that undertake product manufacturing makes it possible to operate without owning manufacturing facilities. As a result, barriers to entry are low and new market entrants are emerging.」
Low barriers to entry, new entrants and intensifying competition continue to be identified as key risks. - FY2025First statedAnnual report
「The cosmetics market in which the company primarily operates includes competitors of various sizes both in Japan and overseas. In addition, the presence of OEM companies that undertake product manufacturing makes it possible to operate without owning manufacturing facilities. As a result, barriers to entry are low and new market entrants are emerging.」
The company states that low barriers to entry, new entrants and intensifying competition in the cosmetics market could lead to customer attrition and higher response costs.