Risk of slower growth in the IP market and changes in user preferences

「If changes in relevant laws and regulations, economic conditions, individual preferences, or other factors slow growth in related markets, leading to a decline in the number of users of our group’s content, or if we are unable to maintain our business model over the long term or build new business models sufficient to respond to these changes, our financial position and operating performance could be affected through slower growth in revenue, among other consequences, against a backdrop of declining user numbers.」