Komori
Vega corporation (3542) · RiskRestatedLatest Results presentation (2026-07-31): "Mitigated"

Dependence on Major Online Marketplaces

First written in FY2016. 10 of 20 entries say "Mitigated", first in FY2019. Latest entry: 2026-07-31.

20entries
11years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018MitigatedFY2019 – FY2022-Q1RestatedFY2022-Q2 – FY2025-H12016: 120162017: 120172018: 120182019: 220192020: 420202021: 420212022: 220222023: 220232024: 120242025: 020252026: 22026
Same theme, other companies
Dependence on Internet Shopping Malls as Sales ChannelsA theme 12 companies write about · 14 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.

0 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025-H1RestatedAnnual report

    「Against this business backdrop, in its furniture e-commerce business the company is actively opening physical stores to expand customer touchpoints as it works to establish an OMO-based D2C business, while also expanding distribution through the LOWYA (ロウヤ) flagship store, its own website, and stores on major e-commerce marketplaces.」

    The company continues to expand distribution through both its own flagship store and stores on major e-commerce marketplaces. The addition of physical stores is further diversifying its sales channels.
  2. FY2024-Q2RestatedAnnual report

    「Against this business backdrop, in its furniture e-commerce business the company is working to expand distribution through both sales channels: the LOWYA (ロウヤ) flagship store, its own website, and stores on major e-commerce marketplaces.」

    The company continues to expand distribution through both sales channels: its own flagship store and stores on major e-commerce marketplaces.
  3. FY2023-Q3RestatedAnnual report

    「Against this business backdrop, in its furniture e-commerce business the company is working to expand distribution through both sales channels: the LOWYA (ロウヤ) flagship store, its own website, and stores on major e-commerce marketplaces.」

    The company continues to expand distribution through both its own flagship store and major e-commerce marketplaces.
  4. FY2022RestatedAnnual report

    「To reduce its dependence on internet marketplaces, the company is working to strengthen sales through its flagship store, its own website. However, marketplace sales still account for a high proportion of total sales, and substantial revisions to commission rates and other factors could affect the company’s operating results and financial condition.」

    The company continues to strengthen sales through its own flagship store, while dependence on internet marketplaces remains high.
  5. FY2022-Q3RestatedAnnual report

    「In terms of earnings, sales and profit declined due to the reversal of the increase in demand in the same period of the previous year, but the shift in sales channels to the LOWYA flagship store progressed steadily.」

    The company continues to state that the shift in sales channels from marketplace stores and other channels to the LOWYA flagship store progressed steadily.
  6. FY2022-Q2RestatedAnnual report

    「In terms of earnings, sales and profit declined due to the reversal of the increase in demand in the same period of the previous year, particularly at marketplace stores, but the shift in sales channels to the LOWYA flagship store progressed steadily.」

    The company continues to state that the shift in sales channels from marketplace stores to the LOWYA flagship store progressed steadily.
  7. FY2022-Q1MitigatedAnnual report

    「As a result of these initiatives, the LOWYA flagship store accounted for 52.8% of total GMV (gross merchandise value), a new quarterly record.」

    The shift in sales channels to the company’s own flagship store progressed, and the LOWYA flagship store accounted for 52.8% of GMV.
  8. FY2021MitigatedAnnual report

    「At the LOWYA flagship store, annual traffic increased sharply by 48.3% year on year, partly due to a sharp increase in furniture demand resulting from the COVID-19 pandemic. Its share of total sales rose to 51.9% for the full year, surpassing sales at the stores on individual marketplaces and making it the company's largest sales channel.」

    The company’s own flagship store accounted for 51.9% of sales, making it the largest sales channel, ahead of the stores on each marketplace. The company states that diversification away from dependence on marketplaces has progressed further.
  9. FY2021-Q3MitigatedAnnual report

    「In terms of earnings, although the surge in demand driven by the COVID-19 pandemic had run its course, the shift in sales channels to the LOWYA (ロウヤ) flagship store progressed steadily, and sales substantially exceeded the same period of the previous year.」

    The shift in sales channels from marketplaces to the LOWYA flagship store continued to progress, and flagship-store sales substantially exceeded the same period of the previous year.
  10. FY2021-Q2MitigatedAnnual report

    「Against this business backdrop, in its furniture e-commerce business (LOWYA), the company worked to increase new traffic from SEO and web advertising and raise awareness by strengthening social media. Traffic at the LOWYA (LOWYA) flagship store increased sharply by 99.8% year on year in the second quarter, and its share of total sales rose to 49.5%, making it the largest sales channel for the second consecutive quarter.」

    The shift in sales channels to the company’s own flagship store has progressed, with its share of sales rising from 46.4% in the first quarter to 49.5%.
  11. FY2021-Q1MitigatedAnnual report

    「Against this business backdrop, in its furniture e-commerce business (LOWYA), the company worked to increase new traffic from SEO and web advertising and raise awareness by strengthening social media. Traffic at the LOWYA (LOWYA) flagship store increased sharply by 197.4% year on year, and its share of total sales rose to 46.4%, making it the largest sales channel.」

    The shift in sales channels to the company’s own flagship store has progressed, with the flagship store’s share of sales rising from 32.7% for the full previous fiscal year to 46.4% in the current quarter.
  12. FY2020MitigatedAnnual report

    「To reduce its dependence on internet marketplaces, the company is working to strengthen sales through its flagship store, its own website. However, marketplace sales still account for a high proportion of total sales, and substantial revisions to commission rates and other factors could affect the company’s operating results and financial condition.」

    The company continues to strengthen sales through its own flagship store, whose share of full-year sales has risen to 32.7%, although dependence on marketplaces remains high.
  13. FY2020-Q3MitigatedAnnual report

    「Against this business backdrop, in its furniture e-commerce business (LOWYA), the company reviewed its supply chain management structure as part of its efforts to improve profitability. It also strengthened web advertising and released new in-house-developed services using new technologies, thereby expanding new traffic and enhancing its services to attract customers to the flagship store. During the third quarter, flagship-store sales accounted for 34.4% of total sales.」

    The company continues to direct traffic to its flagship store and states that the flagship store’s share of sales has risen to 34.4%, excluding marketplace sales.
  14. FY2020-Q2MitigatedAnnual report

    「Against this business backdrop, in its furniture e-commerce business (LOWYA), the company reviewed its supply chain management structure as part of its efforts to improve profitability. It also strengthened web advertising and released new in-house-developed services using new technologies, thereby expanding new traffic and enhancing its services to attract customers to the flagship store. During the second quarter, flagship-store sales exceeded 30% of total sales.」

    The company states that it is directing traffic to its flagship store outside the marketplaces and that the flagship store’s share of sales has exceeded 30%.
  15. FY2019MitigatedAnnual report

    「To reduce its dependence on internet marketplaces, the company is working to strengthen sales through its flagship store, its own website. However, marketplace sales still account for a high proportion of total sales, and substantial revisions to commission rates and other factors could affect the company’s operating results and financial condition.」

    The company has explicitly stated that it will strengthen sales through its flagship store to reduce marketplace dependence. At the same time, it states that marketplace sales still account for a high proportion of total sales.
  16. FY2018RestatedAnnual report

    「In its e-commerce business, the company mainly operates stores on Rakuten Ichiba, Amazon and Yahoo! Shopping, and currently depends on major internet marketplaces for its principal sales channels.」

    The company continues to disclose the risk of depending on Rakuten Ichiba, Amazon and Yahoo! Shopping for its principal sales channels.
  17. FY2017RestatedAnnual report

    「In its e-commerce business, the company mainly operates stores on Rakuten Ichiba, Amazon and Yahoo! Shopping, and currently depends on major internet marketplaces for its principal sales channels.」

    The company continues to disclose its dependence on major internet marketplaces for its sales channels.
  18. FY2016First statedAnnual report

    「The company mainly operates stores on Rakuten Ichiba, Amazon and Yahoo! Shopping, and currently depends on major internet marketplaces for its principal sales channels.」

    The company discloses that the cancellation of marketplace agreements, marketplace system failures or closures, and revisions to commission rates could affect its operating results.
Moved together

"Continued expansion of the e-commerce business" moved the same way as this thread, in the same document, in 11 of its 20 moves.

1188665★123456
  1. ★This thread
  2. 1Continued expansion of the e-commerce business11×
  3. 2Global E-Commerce Expansion Through DOKODEMO8×
  4. 3Branding Product and Store Websites8×
  5. 4Product Development Reflecting Customer Needs and Quality Improvement6×
  6. 5Changes in Search Engine Algorithms and Reliance on SEO6×
  7. 6Improving Operational Efficiency and Reducing Costs5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Vega corporation's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Results presentation of 2026-07-31: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Dependence on Major Online Marketplaces | Vega corporation Co.,Ltd. (3542) | Komori