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Mandarake (2652) · RiskRestated

Intensifying competition among companies due to new market entrants

First written in FY2016-Q3. 18 of 23 entries say "Restated". Latest entry: FY2025.

23entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016-Q3 – FY2018-Q2RestatedFY2018 – FY2020-Q1RestatedFY2021-Q2 – FY20222016: 220162017: 320172018: 420182019: 320192020: 220202021: 320212022: 420222023: 020232024: 120242025: 12025
Same theme, other companies
Intensifying competition in the reuse industry and entry by companies from other industriesA theme 10 companies write about · 10 as a headwind · 0 as a tailwind

Mandarake moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).

The whole theme swung hardest in 2024: 3 of 6 companies on the "Worse" side.

7 other companies' latest entry also says "Restated".

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.
Full recordFilings, disclosures and news, newest first
  1. FY2025RestatedAnnual report

    「As new operators continue to enter this growth-oriented industry, competition across the secondhand goods industry has intensified further, resulting in a highly competitive environment.」

    We continue to hold the view that the secondhand goods industry as a whole remains highly competitive as new entrants continue to enter the market.
  2. FY2024WorsenedAnnual report

    「As new operators continue to enter this growth-oriented industry, competition across the secondhand goods industry has intensified further, resulting in a highly competitive environment.」

    It is stated that competition across the secondhand goods industry has intensified further as new entrants continue to enter the market.
  3. FY2022RestatedAnnual report

    「As the impact of COVID-19 subsided, customer visits to stores began to recover, while in a social environment where consumers' purchasing behavior shifted toward mail-order sales without abating, competition among operators has reached a phase of further intensification.」

    We have reaffirmed our view that competition among operators has intensified further against a backdrop of the recovery in store visits and continued demand for mail-order sales.
  4. FY2022-Q3RestatedAnnual report

    「The business environment is one in which competition among operators seeking to direct customers to mail-order sales is intensifying further.」

    We continue to hold the view that competition among operators over directing customers to mail-order sales has intensified further.
  5. FY2022-Q2RestatedAnnual report

    「The business environment is one in which competition among operators seeking to direct customers to mail-order sales is intensifying further.」

    We continue to hold the view that competition among operators over directing customers to mail-order sales has intensified further.
  6. FY2022-Q1RestatedAnnual report

    「The business environment is one in which competition among operators seeking to direct customers to mail-order sales is intensifying further.」

    We continue to hold the view that competition among operators over directing customers to mail-order sales has intensified further.
  7. FY2021-Q3RestatedAnnual report

    「The business environment is one in which competition among operators seeking to direct customers to mail-order sales has intensified further.」

    We continue to hold the view that competition among operators over directing customers to mail-order sales has intensified further.
  8. FY2021-Q2RestatedAnnual report

    「The business environment is one in which competition among operators seeking to direct customers to mail-order sales has intensified further in order to attract consumer interest.」

    We continue to hold the view that competition among operators over directing customers to mail-order sales and attracting consumer interest has intensified further.
  9. FY2021-Q1WorsenedAnnual report

    「The business environment is one in which competition among operators seeking to attract greater consumer interest continues to intensify.」

    It is stated that competition among operators has intensified further, indicating a deterioration in the competitive environment.
  10. FY2020WorsenedAnnual report

    「The business environment is one in which competition among operators continues to intensify.」

    It is stated that competition among operators has intensified further from previous levels.
  11. FY2020-Q1RestatedAnnual report

    「In this secondhand goods industry, new operators show strong interest in entering the market, and competition among operators seeking to attract greater consumer interest has intensified, resulting in a continued challenging business environment.」

    We have reaffirmed our view that the challenging business environment continues due to strong interest in new market entry and intensifying competition among operators.
  12. FY2019-Q3RestatedAnnual report

    「In this secondhand goods industry, new operators also show strong interest in entering the market, and competition among operators has intensified as they seek to respond to consumer preferences, resulting in a continued challenging business environment.」

    We have reaffirmed that the challenging business environment caused by strong interest in new market entry and intensifying competition among operators continues.
  13. FY2019-Q2RestatedAnnual report

    「In this secondhand goods industry, new operators also show strong interest in entering the market, and the increase in consumer choice has led to intensifying competition among operators, resulting in a continued challenging business environment.」

    We have reaffirmed the continuation of the challenging business environment caused by strong interest in new market entry, increased consumer choice and intensifying competition.
  14. FY2019-Q1RestatedAnnual report

    「In this secondhand goods industry, new operators also show strong interest in entering the market, and the increase in consumer choice has led to intensifying competition among operators, resulting in a continued challenging business environment.」

    We have reaffirmed the continuation of the challenging business environment caused by strong interest in new market entry, increased consumer choice and intensifying competition.
  15. FY2018RestatedAnnual report

    「In this secondhand goods industry, new operators also show strong interest in entering the market, and the increase in consumer choice has led to intensifying competition among operators, resulting in a continued challenging business environment.」

    We have reaffirmed that the challenging business environment caused by strong interest in new market entry and intensifying competition continues.
  16. FY2018-Q3WorsenedAnnual report

    「In addition to the expansion of existing companies' operations, new entrants have entered the market one after another, further intensifying competition in the market.」

    It is stated that market competition has intensified further as existing companies expand and new entrants continue to enter the market.
  17. FY2018-Q2RestatedAnnual report

    「In this secondhand goods industry, operators have a strong interest in entering the market, competition among operators is intensifying, and the challenging business environment continues.」

    We have reaffirmed that the challenging business environment caused by strong interest in new market entry and intensifying competition among operators continues.
  18. FY2018-Q1RestatedAnnual report

    「In this secondhand goods industry, new operators also show strong interest in entering the market, and the business environment remains challenging due to intensifying competition among operators and other factors.」

    It is stated that the challenging business environment caused by strong interest in new market entry and intensifying competition among operators continues.
  19. FY2017RestatedAnnual report

    「In the secondhand goods industry, new operators also show strong interest in entering the market, and the business environment remains challenging due to intensifying competition among operators and other factors.」

    It is stated that the challenging environment caused by strong interest in new market entry and intensifying competition among operators continues.
  20. FY2017-Q3RestatedAnnual report

    「In the secondhand goods industry, increasingly established and diversified consumer needs for old but good-quality items and products intended for long-term use have made the industry less affected by economic trends. In addition to existing companies expanding their operations, there is strong interest from new entrants, and competition in the market continues to intensify.」

    It is stated that competition continues to intensify as existing companies expand their operations and interest in new market entry remains strong.
  21. FY2017-Q1RestatedAnnual report

    「In addition to the expansion of existing companies' operations, interest in new market entry is strong, and competition in the market continues to intensify.」

    It is stated that competition continues to intensify as existing companies expand and new entrants enter the market.
  22. FY2016RestatedAnnual report

    「There is also strong interest among new operators in entering the market, and despite expanding demand, the business environment remains challenging due to intensifying competition among operators and other factors.」

    We have reaffirmed the challenging environment in which new market entry and competition among operators continue alongside expanding demand.
  23. FY2016-Q3First statedAnnual report

    「At the same time, new entrants into the industry have also been active, and competition among companies has intensified.」

    Active entry by new participants and intensifying competition are described as ongoing external conditions.
Moved together

"Uncertainty over the outlook due to exchange rates, stock markets, and a slowdown in emerging-market economies" moved the same way as this thread, in the same document, in 2 of its 23 moves.

22222★12345
  1. ★This thread
  2. 1Uncertainty over the outlook due to exchange rates, stock markets, and a slowdown in emerging-market economies2×
  3. 2Lower earnings despite revenue growth2×
  4. 3Risks Related to Reliance on Borrowings, Store Performance and Progress on New Store Openings2×
  5. 4Increase in Inventories and Decline in Operating Cash Flow2×
  6. 5Business Impact of COVID-19 on Customer Visits and Logistics2×

★ 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 Mandarake yet.
News
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Intensifying competition among companies due to new market entrants | MANDARAKE INC. (2652) | Komori