Intensifying Competition in the Mobile Telecommunications Business
First written in FY2020. 2 of 4 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2022.
The whole theme swung hardest in 2021: 8 of 14 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「During the consolidated fiscal year, the number of new lines acquired increased, centered on the new product WiMAX 5G, as referrals from the company's own telecommunications media, which had remained sluggish in the second half of the previous fiscal year, moved toward recovery.」
Amid continued competition in the telecommunications market, the number of new lines acquired increased due to WiMAX 5G and the recovery in referrals, but profit decreased 2.0% year on year due to higher acquisition costs. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year, the acquisition of new line contracts decreased because demand for telecommunications infrastructure associated with the first state of emergency declared in the fourth quarter of the previous fiscal year had run its course, competition in the telecommunications market intensified following the announcement of low-priced plans by major telecommunications companies, and referrals from the company's own telecommunications media operated by the media business declined.」
The company stated that intensified competition following the announcement of low-priced plans by major telecommunications companies led to decreases in new line contracts and sales incentive revenue. - FY2021-Q3MaterialisedAnnual report
「In addition to intensifying competition in the telecommunications market following the announcement of low-priced plans by major telecommunications companies, the decline in referrals from the company's own telecommunications media reduced the number of new line contracts acquired.」
The company stated that intensifying competition following the announcement of low-priced plans by major telecommunications companies actually led to a decrease in new line contracts. - FY2020First statedAnnual report
「Because the market for the mobile communications services provided by the company is in a growth phase, competition is expected to intensify as further new entrants join the existing competitors.」
The company identified for the first time the business-specific competitive risk that an increase in new entrants to the mobile communications market could reduce profitability and increase advertising and promotional expenses.