Entry by Competitors and Intensifying Competition
First written in FY2016. 4 of 7 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
「The Company provides an integrated outsourcing service covering rent delinquency guarantees, rent collection services, user applications, IT system development and abandoned-property removal for self-storage facilities, and operates a highly distinctive business with a service adoption share of approximately 60%. However, partial competition may arise from companies in other industries, including companies providing services that act as joint rent guarantors and credit card companies.」
While identifying the integrated outsourcing service and an adoption share of approximately 60% as distinguishing features, reconfirms the possibility of partial competition from companies in other industries. - FY2024Explicit statement that the business model has no barriers to entryAnnual report
「The Company’s business model has no barriers to entry that can legally exclude other companies through patents or other rights, and the business model itself is simple. Accordingly, competition may intensify as other companies enter the market.」
In addition to the previously disclosed possibility of partial competition from companies in other industries, explicitly states that there are no legal barriers to entry through patents or similar rights and that competition may intensify as other companies follow into the market. - FY2023RestatedAnnual report
「The Company provides an integrated outsourcing service covering rent delinquency guarantees, rent collection services, user applications, IT system development and abandoned-property removal for self-storage facilities, and operates a highly distinctive business with a service adoption share of approximately 60%.」
Reconfirms the integrated outsourcing service and service adoption share of approximately 60% as competitive strengths. - FY2020Clarification of service adoption shareAnnual report
「The Company provides an integrated outsourcing service covering rent delinquency guarantees, rent collection services, user applications, IT system development and abandoned-property removal for self-storage facilities, and operates a highly distinctive business with a service adoption share of approximately 60%.」
As an explanation of competitive risk, specifies the business structure providing multiple services on an integrated basis and a service adoption share of approximately 60%. - FY2018RestatedAnnual report
「The Company intends to further expand its first-mover advantage by improving service quality, developing products and promoting the use of IT. Nevertheless, intensifying competition could affect the Company’s operating results.」
Continues to describe the possibility of competitive entry and the Company’s response through improved service quality, product development and the use of IT. - FY2017RestatedAnnual report
「The Company intends to further expand its first-mover advantage by improving service quality, developing products and promoting the use of IT. Nevertheless, intensifying competition could affect the Company’s operating results.」
Continues to describe the possibility of entry by guarantee companies and credit card companies, and the Company’s response through quality improvements, product development and the use of IT. - FY2016First statedAnnual report
「However, companies providing services that act as joint rent guarantors, as well as credit card companies, may begin offering services that compete with those of the Company. The Company intends to further expand its first-mover advantage by improving service quality, developing products and promoting the use of IT. Nevertheless, intensifying competition could affect the Company’s operating results.」
While stating that no direct competitors currently provide the same service, it describes the possibility of entry by guarantee companies, credit card companies and others.