Contraction of the catalog mail-order market and e-commerce competition
First written in FY2017. 4 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2021: 6 of 15 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Our group is seeking to expand earnings by restructuring and revitalizing its catalogs, pursuing e-commerce initiatives and developing new businesses. However, if these measures do not produce the expected effects, or if consumer spending trends change as a result of competition with existing operators, new entrants or the emergence of new sales models, this may affect the group’s business and performance.」
Continues to identify the shrinking catalog mail-order market and e-commerce competition as major risks, and describes catalog restructuring, e-commerce and new businesses as responses. - FY2021RestatedAnnual report
「We believe the e-commerce market is expanding, driven by the spread of the internet and mobile devices such as smartphones and by advances in information technology. Meanwhile, we believe the market for catalog-based mail-order sales is contracting.」
Continues to identify the expansion of the e-commerce market, contraction of the catalog mail-order market, and changes in consumer spending trends resulting from competition and new sales models as risks. - FY2020RestatedAnnual report
「Amid these market trends, our group is seeking to expand earnings by restructuring and revitalizing its catalogs, pursuing e-commerce initiatives and developing new businesses. However, if these measures do not produce the expected effects, or if consumer spending trends change as a result of competition with existing operators, new entrants or the emergence of new sales models, this may affect the group’s business and performance.」
Continues to identify the shrinking catalog mail-order market and e-commerce competition as major risks, with catalog restructuring, e-commerce and new businesses as responses. - FY2019WorsenedAnnual report
「Our group’s main customers are women in their 30s to 50s. Weak consumption or a decline in demand among these customer segments, and in the longer term the declining birth rate, may affect the group’s performance.」
In addition to the shrinking catalog mail-order market and e-commerce competition, newly identifies weak consumption among the main customer segments and the long-term decline in the birth rate as factors that may reduce demand. - FY2018RestatedAnnual report
「Amid these market trends, our group is seeking to expand earnings by restructuring and revitalizing its catalogs, pursuing e-commerce initiatives and developing new businesses. However, if these measures do not produce the expected effects, or if consumer spending trends change as a result of competition with existing operators, new entrants or the emergence of new sales models, this may affect the group’s business and performance.」
Continues to identify the shrinking catalog mail-order market and e-commerce competition as major risks, and describes catalog restructuring, e-commerce and new businesses as responses. - FY2017First statedAnnual report
「We believe the e-commerce market is expanding, driven by the spread of the internet and mobile devices such as smartphones and by advances in information technology. Meanwhile, we believe the market for catalog-based mail-order sales is contracting.」
For the first time, identifies the expansion of the e-commerce market, contraction of the catalog mail-order market, competition with existing operators and emergence of new sales models as risks.