RenetJapanGroup (3556) · RiskMitigated
Profit Pressure from Changes in the Competitive Environment for Online Mail-In Purchasing
First written in FY2017-Q3. 1 of 2 entries say "Mitigated", first in FY2017. Latest entry: FY2017.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Increase in Additional Investment and Promotional Expenses Amid Intensifying CompetitionA theme 4 companies write about · 4 as a headwind · 0 as a tailwind
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
- FY2017MitigatedAnnual report
「In the fourth quarter, competition eased and purchase CPA was optimized. The business recovered to the previous year's level as of September 2017, excessive spending on purchasing-related advertising was curbed, and the earnings structure is now beginning to recover.」
The Company states that the higher CPA, increased advertising expenses and lower gross margin arising from changes in the competitive environment that became apparent in the third quarter were followed in the fourth quarter by easing competition, CPA optimization and restrained advertising expenditure. - FY2017-Q3First statedAnnual report
「Changes in the competitive environment for door-to-door purchasing over the internet led to higher fixed costs due to aggressive advertising expenditure, as well as a decline in the gross margin due to misjudgments in controlling purchase prices.」
For the first time, the Company explicitly states that its response to changes in the competitive environment resulted in an actual decline in segment profit through higher advertising and fixed costs and a lower gross margin.