Risk of delayed monetization under the take-rate model
First written in FY2026. 3 of 8 entries say "Restated". Latest entry: 2026-10-20.
No other company in this theme has enough history to compare yet.
- FY2027-H1RestatedAnnual report
「During the interim accounting period, there were no material changes to the emergence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, or to the matters described under 'Business and Other Risks' in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risk of delays in monetizing the take-rate model. - FY2026First statedAnnual report
「If transaction volume fails to keep pace with growth in the number of participants, or if the expected fee levels cannot be secured, monetization may be delayed, affecting the company's operating results.」
For take-rate-based revenue, the company discloses the risk that monetization depends not only on the number of businesses using the service, but also on transaction volume, continued usage rates and fee levels. - 2026-04-17First statedEarnings presentation
「We will introduce a usage-based business model linked to the value of goods sold and build a business platform in which increases in marketplace transaction volume directly translate into revenue.」
This presented a usage-based revenue model linked to marketplace transaction volume as part of the scope from the fiscal year ending February 2028 onward.