Low barriers to entry and intensifying competition
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2023.
3 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Company is pursuing a dominant-area strategy in the Mito and Hitachinaka areas, working to strengthen its ability to collect real estate information while seeking to expand into other areas. Depending on the competitive environment, this may affect the Group's operating results and financial position.」
Continues to cite the risks of low barriers to entry and intensifying competition, together with its dominant-area strategy as a countermeasure. - FY2020RestatedAnnual report
「The Company is pursuing a dominant-area strategy in the Mito and Hitachinaka areas, working to strengthen its ability to collect real estate information while seeking to expand into other areas. Depending on the competitive environment, this may affect the Group's operating results and financial position.」
Continues to disclose the risks of low barriers to entry and intensifying competition, together with its dominant-area strategy as a countermeasure. - FY2019RestatedAnnual report
「Although the Group's real estate brokerage and real estate management businesses, which are primarily operated in Ibaraki Prefecture, are licensed businesses, they require little equipment to operate and therefore have low barriers to entry. Competition may intensify as competitors enter the market or expand into new areas.」
Continues to disclose the risks of low barriers to entry and intensifying competition, citing its dominant-area strategy and efforts to secure customer and property information as countermeasures. - FY2018First statedAnnual report
「Although the business is licensed, it requires little equipment to operate and therefore has low barriers to entry. Competition may intensify as competitors enter the market or expand into new areas.」
Explains its dominant-area strategy, ability to collect real estate information, and efforts to secure customers and properties as countermeasures.