Risk of Dependence on E-Commerce Marketplace Policies and Fee Changes
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2023.
Generation Pass moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「The overall growth rate slowed mainly because of an overall decline in sales on Yahoo! Shopping,」
The overall decline in sales on Yahoo! Shopping has actually emerged as a slowdown in the Group's full-year growth rate. - FY2023-Q3RestatedAnnual report
「Although the Company was affected mainly by an overall decline in sales on Yahoo! Shopping,」
The overall decline in sales on Yahoo! Shopping continues to affect the EC Marketing Business. - FY2023-Q2WorsenedAnnual report
「In terms of profit, in the EC Marketing Business, profit fell short of the expected level due to the impact of higher cost of sales as sales progressed for products purchased when the yen was weak, as well as an overall decline in sales on e-commerce marketplaces, mainly Yahoo! Shopping.」
An overall decline in sales on Yahoo! Shopping resulted in a shortfall in profit, demonstrating the actual impact of the risk that earnings depend on the operating environment of e-commerce marketplaces. - FY2020RestatedAnnual report
「The Company is working to establish an operating structure that does not depend on a single e-commerce marketplace by opening stores on multiple marketplaces and launching its own website. However, if e-commerce marketplaces close existing stores because they prohibit multiple stores operated by the same company, or if the cost of operating stores on e-commerce marketplaces increases due to higher sales royalty rates, the business and performance of the Group may be affected.」
While diversifying its dependence through multiple marketplaces and its own website, the Company continues to disclose the risks of marketplace restrictions on store openings and higher fees. - FY2018RestatedAnnual report
「If e-commerce marketplaces close existing stores because they prohibit multiple stores operated by the same company, or if the cost of operating stores on e-commerce marketplaces increases due to higher sales royalty rates, the business and performance of the Group may be affected.」
The Company continues to disclose the risk of dependence on e-commerce marketplaces due to restrictions on store operations and higher royalty rates. - FY2016First statedAnnual report
「If e-commerce marketplaces close existing stores because they prohibit multiple stores operated by the same company, or if the cost of operating stores on e-commerce marketplaces increases due to higher sales royalty rates, the business and performance of the Group may be affected.」
While expanding its presence on multiple marketplaces and operating its own website, the Company identifies marketplace restrictions on store openings and higher royalty rates as risks.