Economic downturn, changes to store development plans, and sluggish personal consumption
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2025.
GMO Financial Gate moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
66 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「In the face-to-face cashless payments market, demand for the installation and replacement of payment terminals themselves may fail to grow as expected or may decline because merchants are restraining investment and payment methods and marketing techniques that do not use terminals are becoming more widespread.」
In addition to the existing risk of changes to sales plans due to economic conditions and events, the company explicitly identifies the potential decline in terminal demand caused by payment methods and marketing techniques that do not require terminals. - FY2023RestatedAnnual report
「If a need arises to revise major sales plans because development plans for large-scale stores or facilities are changed, or large-scale events are cancelled, due to an economic downturn, conflicts, incidents, accidents, disasters, abnormal weather, the spread of infectious diseases or other factors, the Group's business performance could be affected.」
The company reconfirms the risk that economic conditions, conflicts, disasters and infectious diseases could affect store development plans, large-scale events, major sales plans and personal consumption. - FY2021RestatedAnnual report
「The merchants installing payment terminals are diverse, and the company believes that risk is thereby diversified. However, if a need arises to revise major sales plans because development plans for large-scale stores or facilities are changed, or large-scale events are cancelled, due to an economic downturn, conflicts, incidents, accidents, disasters, abnormal weather, the spread of infectious diseases or other factors, the Group's business performance could be affected.」
The company reconfirms the risk that economic conditions, disasters and infectious diseases could affect store development plans, events, major sales plans and personal consumption. - FY2020First statedAnnual report
「If a need arises to revise major sales plans because development plans for large-scale stores or facilities are changed, or large-scale events are cancelled, due to an economic downturn, conflicts, incidents, accidents, disasters, abnormal weather, the spread of infectious diseases or other factors, the Group's business performance could be affected.」
The company states that terminal sales plans and transaction volume handled as a payment processor could be affected by changes in economic conditions, store and facility development, large-scale events and personal consumption.