Slowing Growth in the Secondhand Goods and E-Commerce Markets
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 2 of 6 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if growth in the secondhand goods market slows because of changes in laws and regulations restricting the market, economic conditions, individual preferences or other factors,」
The company continues to identify slower growth in the secondhand goods market, user attrition and difficulty maintaining its business model as risks. - FY2021RestatedAnnual report
「However, if growth in these markets slows because of changes in laws and regulations restricting the secondhand goods or e-commerce markets, economic conditions, individual preferences or other factors,」
The company continues to identify slower growth in the secondhand goods and e-commerce markets, user attrition and the risk that new services such as Merpay may fail to grow. - FY2019WorsenedAnnual report
「If these factors cause users to leave and the Group is unable to maintain its business model over the long term, or if services other than the CtoC marketplace Mercari, such as Merpay, fail to grow steadily, the Group's business, results of operations and financial condition may be affected.」
In addition to the existing risk of slower growth in the secondhand goods and e-commerce markets, the company explicitly identified the risk that new services such as Merpay may fail to grow. - FY2018First statedAnnual report
「However, if growth in these markets slows because of changes in laws and regulations restricting the secondhand goods or e-commerce markets, economic conditions, individual preferences or other factors, and the total transaction value of the CtoC marketplace Mercari, which accounts for most of the Group's revenue, or the total transaction value of product categories targeted by the Group fails to expand steadily, or if these factors cause users to leave or make it impossible to maintain the Group's business model over the long term, the Group's business, results of operations and financial condition may be affected.」
The company identified slowing market growth, user attrition and difficulty maintaining its business model as risks to its results of operations and financial condition.