Intensifying competition from entry by similar businesses
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 31 of 91 companies on the "Worse" side.
121 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「For the aerial-store business, フィル・パーク, we currently recognize that there are no clear competitors. However, housebuilders, parking operators and other companies may develop businesses similar to ours. If this intensifies competition and the Group is no longer able to maintain its competitive advantage, this may affect the Group’s operating results, financial position and other aspects of its business.」
The company continues to disclose the risks of similar businesses entering the markets for its aerial-store business and Premium Garage House, and competition intensifying, as well as differentiation through the tenant-waitlist registration system and other measures. - FY2021ReframedAnnual report
「For Premium Garage House, we differentiate ourselves from competitors through our proprietary tenant-waitlist registration system, high-quality design and lightweight steel-frame construction. However, if the competitive environment intensifies and the Group is no longer able to maintain its competitive advantage, this may affect the Group’s operating results, financial position and other aspects of its business.」
In addition to the existing aerial-store business, the company now covers the competitive environment for Premium Garage House and identifies the tenant-waitlist registration system, design and lightweight steel-frame construction as differentiating factors. - FY2019RestatedAnnual report
「However, housebuilders, parking operators and other companies may develop businesses similar to ours. If this intensifies competition and the Group is no longer able to maintain its competitive advantage, this may affect the Group’s operating results, financial position and other aspects of its business.」
While recognizing that there are no clear competitors, the company continues to identify the risk of similar businesses entering the market and competition intensifying. - FY2018RestatedAnnual report
「However, housebuilders, parking operators and other companies may develop businesses similar to ours. If this intensifies competition and the Group is no longer able to maintain its competitive advantage, this may affect the Group’s operating results, financial position and other aspects of its business.」
While recognizing that there are no clear competitors, the company continues to identify the risk of similar businesses entering the market and competition intensifying. - FY2017RestatedAnnual report
「However, housebuilders, parking operators and other companies may develop businesses similar to ours. If this intensifies competition and the Group is no longer able to maintain its competitive advantage, this may affect the Group’s operating results, financial position and other aspects of its business.」
While stating that there are no clear competitors, the company continues to identify the risk of similar businesses entering the market and competition intensifying. - FY2016First statedAnnual report
「However, housebuilders, parking operators and other companies may develop businesses similar to ours. If this intensifies competition and the Group is no longer able to maintain its competitive advantage, this may affect the Group’s operating results, financial position and other aspects of its business.」
While recognizing that there are currently no competitors, the company cites the possibility of housebuilders, parking operators and others entering the market.