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Komehyo Holdings (2780) · RiskWorsened

Intensifying Competition for Acquisitions and Customer Selection of Stores

First written in FY2016. 5 of 12 entries say "Worsened", first in FY2021. Latest entry: 2026-08-13.

12entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017-Q1 – FY2017RestatedFY2018 – FY2020WorsenedFY2021 – 2026-08-132016: 320162017: 220172018: 120182019: 020192020: 120202021: 120212022: 020222023: 020232024: 120242025: 020252026: 32026
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

Komehyo Holdings moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).

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

1 other company's 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.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「With an increase in competitors resulting from lower barriers to entry, more active M&A by major companies and the spread of consumer-to-consumer platforms, competition for market share has intensified steadily in both purchasing and sales.」

    The company states that competition in purchasing and sales has intensified further amid an increase in competitors, M&A by major companies and the spread of consumer-to-consumer platforms.
  2. FY2025-H1WorsenedAnnual report

    「Meanwhile, competition in purchasing and sales is intensifying steadily as services and channels increase, M&A becomes more active through industry consolidation, and many new companies enter the market.」

    The company states that competition in purchasing and sales has intensified further against a backdrop of more services and channels, increased M&A activity and numerous new entrants, in addition to the existing intensification of competition.
  3. FY2021WorsenedAnnual report

    「In addition, industry restructuring through M&A and other means is progressing, and competition in both purchasing and sales is expected to intensify further, led by companies with substantial capital resources.」

    In addition to the existing risks of new entrants and intensifying competition, the company explicitly identifies industry restructuring through M&A and other means and intensifying competition led by well-capitalized companies as risks.
  4. FY2020RestatedAnnual report

    「In addition to the traditional store-based business, sales and purchasing channels have diversified to include online, corporate and overseas channels. With the number of new entrants increasing, competition in both purchasing and sales is expected to intensify further.」

    The company continues to describe the diversification of channels into online, corporate and overseas markets and intensifying competition resulting from an increase in new entrants as industry risks.
  5. FY2018RestatedAnnual report

    「In the reuse and recycling industry, as companies expand and the number of new entrants increases, competition in purchasing is expected to intensify further, while customers are expected to become increasingly selective in choosing stores for sales.」

    The company continues to identify intensifying purchasing competition following new market entry and customer selection of stores as industry risks.
  6. FY2017MaterialisedAnnual report

    「Although the company implemented various promotional measures, including new store openings and television commercials, as well as purchase campaigns using social media, purchases of used goods remained sluggish due to intensifying purchasing competition and weaker personal consumption.」

    Intensifying purchasing competition and weaker personal consumption surfaced over the full year as a 9.3% decline in purchases from individuals from the previous fiscal year.
  7. FY2017-Q3MaterialisedAnnual report

    「Although the company implemented various promotional measures, including new store openings and television commercials, as well as purchase campaigns using social media, purchases of used goods remained sluggish due to intensifying purchasing competition and weaker personal consumption.」

    Intensifying purchasing competition and weaker personal consumption continue to surface as a 12.8% year-on-year decline in purchases from individuals.
  8. FY2017-Q2MaterialisedAnnual report

    「Although the Company implemented various promotional initiatives, including new store openings and television commercials, as well as purchasing initiatives using social media, sourcing conditions remained difficult because of intensifying competition for purchases and weaker personal consumption. As a result, purchases from individuals totaled ¥8,383 million, down 10.2% year on year.」

    Intensifying purchasing competition and weaker personal consumption continue to surface as a 10.2% year-on-year decline in purchases from individuals.
  9. FY2017-Q1MaterialisedAnnual report

    「Although the Company implemented various promotional initiatives, including new store openings and television commercials, as well as purchasing initiatives using social media, sourcing conditions remained difficult because of intensifying competition for purchases and weaker personal consumption. As a result, purchases from individuals totaled ¥4,290 million, down 12.8% year on year.」

    Intensifying purchasing competition and weaker personal consumption have resulted in a decline in procurement value.
  10. FY2016First statedAnnual report

    「As companies expand and the number of new entrants increases, competition in purchasing is expected to intensify further, while customers are expected to become increasingly selective in choosing stores for sales.」

    The company indicates the industry view that an increase in competitors will intensify competition for procurement and customer selection among sales stores.
Moved together

"Risk from Reliance on Interest-Bearing Debt, Interest Rates and Lending Stance" moved the same way as this thread, in the same document, in 8 of its 12 moves.

854432★123456
  1. ★This thread
  2. 1Risk from Reliance on Interest-Bearing Debt, Interest Rates and Lending Stance8×
  3. 2Risk of Sales Fluctuations Due to Trends, Exchange Rates and Precious Metal Prices5×
  4. 3Earnings trend of higher revenue but lower profit4×
  5. 4Risk Relating to the Stable Procurement of Secondhand Goods4×
  6. 5Rolling Management of the Medium-Term Management Plan and Outperformance Against Plan3×
  7. 6Seasonality and Weather Risks in the Tire and Wheel Business2×

★ 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 Komehyo Holdings yet. It last moved in the Earnings presentation of 2026-08-13: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Intensifying Competition for Acquisitions and Customer Selection of Stores | Komehyo Holdings Co.,Ltd. (2780) | Komori