Risk of a decline in royalty income from partners such as payment service providers
First written in FY2017. 6 of 9 entries say "Restated". Latest entry: FY2023.
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- FY2023RestatedAnnual report
「Accordingly, if problems arise in the partner's financial condition, this may lead to a decline in royalty income received by our Group and may affect our Group's business and financial results.」
Reiterates the risk of declining royalty income due to the financial condition of partners, including payment service providers. - FY2021RestatedAnnual report
「Accordingly, if problems arise in the partner's financial condition, this may lead to a decline in royalty income received by our Group and may affect our Group's business and financial results.」
Reiterates the risk of declining royalty income due to the financial condition of partners, including payment service providers. - FY2020RestatedAnnual report
「In addition, if the market environment related to our Group's royalty income changes, as in the measure implemented from October 2019 to set credit card processing fees for small and medium-sized merchants at 3.25% as part of the government's cashless payment initiative, this may affect our Group's business and financial results.」
In addition to partners' financial condition, the impact of changes in the market environment, including changes in credit card processing fees, on royalty income remains a risk. - FY2020-Q3RestatedAnnual report
「GMV for the services provided by the Group during the cumulative third quarter was ¥110.8 billion, up 14.9% year on year and showing steady progress. However, revenue from payment processing fees was ¥405.323 million, up 8.3% year on year, partly because the credit card processing fee rate for small and midsize merchants using the company's services declined from 3.4% to 3.25% as part of the government's cashless-payment initiatives.」
While the decline in credit card processing fees from 3.4% to 3.25% continued, revenue from payment processing fees was ¥405,323 thousand, up 8.3% year on year. - FY2020-Q2Revenue increased even after the rate reductionAnnual report
「As part of the government's cashless payment initiative, credit card processing fees for small and medium-sized merchants provided by us declined from 3.4% to 3.25%, among other factors, and revenue from payment processing fees was ¥273,093 thousand, up 11.2% year on year.」
The credit card processing fee actually declined from 3.4% to 3.25%, but revenue from payment processing fees increased 11.2% year on year due to firm transaction volumes through the services and other factors. - FY2020-Q1RestatedAnnual report
「The payment processing fees earned from the services provided by our Group, namely "Tamago Repeat," "Subscription Store," "Subscription Store B2B" and "Subscription Beauty," have been subject since the beginning of the fiscal year to measures under the government's cashless payment initiative requiring credit card processing fees for small and medium-sized merchants to be set at 3.25%. However, because the start of application was delayed in some cases due to confusion over merchant registration screening, and because transaction volumes through the services remained firm, revenue was ¥142,187 thousand, up 14.1% year on year.」
Although it describes the impact of measures to set credit card processing fees for small and medium-sized merchants at 3.25% on payment processing fee revenue, payment processing fee revenue increased 14.1% year on year in the current quarter due to the delayed start of application and firm transaction volumes. - FY2019WorsenedAnnual report
「Because we earn fee revenue based on payment transactions for many of the services we provide, this measure is expected to result in a significant decline in such revenue. As this measure is temporary and scheduled to remain in effect through June 2020, we expect revenue to improve from July 2020.」
Newly states that payment-related revenue is expected to decline significantly as a result of measures to reduce credit card processing fees for small and medium-sized merchants to 3.25% under the government's cashless payment initiative. - FY2018RestatedAnnual report
「If problems arise in the partner's financial condition, this may lead to a decline in royalty income received by us and may affect our business and financial results.」
Reiterates the risk of declining royalty income due to the financial condition of partners, including payment service providers. - FY2017First statedAnnual report
「If problems arise in the partner's financial condition, this may lead to a decline in royalty income received by us and may affect our business and financial results.」
States that royalty income from partners, which forms part of the revenue from Tamago Repeat, may decline depending on the partners' financial condition.