Decline in gross margin due to increased indirect sales through intermediaries
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2024.
0 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Over the past 3 years, the ratio of direct to indirect sales has been approximately 6:4.」
The company continues to disclose the risk of a decline in gross margin from a higher proportion of sales through intermediaries, while maintaining direct sales as its primary approach. - FY2023RestatedAnnual report
「In general, the gross margin on direct sales is higher than that on indirect sales. Accordingly, we conduct sales activities aimed at entering into direct contracts with users. Over the past 3 years, the ratio of direct to indirect sales has been approximately 6:4.」
The company continues to pursue a sales policy aimed at direct contracts and identifies the risk of lower gross margins from increased indirect sales through intermediaries. - FY2022RestatedAnnual report
「In general, the gross margin on direct sales is higher than that on indirect sales. Accordingly, we conduct sales activities aimed at entering into direct contracts with users. Over the past 3 years, the ratio of direct to indirect sales has been approximately 6:4.」
The company continues to disclose the risk of a decline in gross margin from a higher proportion of sales through intermediaries, while maintaining direct sales as its primary approach. - FY2021nullAnnual report
「Over the past 3 years, the ratio of direct to indirect sales has been approximately 6:4. However, if indirect sales through intermediaries increase at the user's request, this could affect our results through a decline in the gross margin on sales.」
The company explains that the gross margin on direct sales is higher than that on indirect sales and is pursuing sales activities based on direct contracts with users.