Risk that marketplace network effects have not yet materialized
First written in FY2026. 2 of 3 entries say "Restated". Latest entry: FY2027-H1.
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 that network effects in the marketplace will not emerge. - 2026-05-27RestatedManagement Planning
「As the gross transaction value flowing through our platform expands, we expect to be able to generate take-rate revenue linked to transaction volume in addition to our existing development and monthly revenue.」
The company continued to present a revenue strategy based on expanding the marketplace network. - FY2026First statedAnnual report
「This business model depends in part on expanding the number of participating businesses, connections and transaction volume beyond certain levels. If sufficient network effects do not emerge, the company may be unable to achieve its expected growth.」
For its marketplace-style service, the company newly identifies the risk of failing to achieve growth if the number of participants, connections and transaction volume do not expand sufficiently.