Risk of Slower New Contracts and Increased Cancellations Due to Intensifying Competition
First written in FY2018. 12 of 16 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 31 of 91 companies on the "Worse" side.
- FY2025ReframedAnnual report
「The Group's services do more than provide a single function. By consolidating functions used by employees every day, such as attendance management, work management, time tracking, expense settlement, electronic approval, calendars and social networking, the Group aims to visualize employees' activity records (work logs) in real time from multiple perspectives and enable more efficient and productive ways of working.」
Reorganized the response to competition risk as market-specific positioning, including the integration of multiple functions and work-log visualization, as well as single-function plans and relatively limited competition in the enterprise market. - FY2023Added measures to address intensifying competitionAnnual report
「In September 2023, the Company revamped its service lineup and introduced single-function plans to address a broader range of customer needs.」
While continuing to recognize the risk of intensifying competition, the Company broadened the range of customer needs it can address by introducing single-function plans. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there were no newly identified or material changes to the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there were no newly identified or material changes to the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2022RestatedAnnual report
「However, if competition intensifies beyond current levels due to improvements in competitors' technological capabilities or the unexpected emergence of new services, the Group's financial condition and operating results may be affected through slower new contracts and an increase in cancellations by existing customers.」
Continued to disclose the risks of slower new contracts and increased cancellations by existing customers due to intensifying competition. - FY2022-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there were no newly identified or material changes to the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there was no new occurrence of business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous consolidated fiscal year.」
Concluded that there were no newly identified or material changes to the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2021WorsenedAnnual report
「There are many competitors in the mid-sized and small-company market, and the current growth rate is showing a slight slowdown.」
Explicitly stated that, in addition to the large number of competitors in the mid-sized and small-company market, the current growth rate is trending lower. - FY2021-Q3RestatedAnnual report
「During the nine-month consolidated period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
Concluded that there were no newly identified or material changes to the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2020RestatedAnnual report
「If competition intensifies due to improvements in competitors' technological capabilities or the unexpected emergence of new services, the Group's financial condition and operating results may be affected, including through the possibility of slower new contracts and an increase in cancellations by existing customers.」
Continued to disclose the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Concluded that there were no newly identified or material changes to the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
Concluded that there were no newly identified or material changes to the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2019RestatedAnnual report
「However, if competition intensifies due to improvements in competitors' technological capabilities or the unexpected emergence of new services, the number of new contracts may slow and the number of cancellations by existing customers may increase.」
Continued to disclose the risks of slower new contracts and increased cancellations by existing customers due to intensifying competition. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
Concluded that there were no newly identified or material changes to the risks of slower new contracts and increased cancellations due to intensifying competition. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Concluded that there were no newly identified or material changes to the risk of intensifying competition. - FY2018First statedAnnual report
「If competition intensifies due to improvements in competitors' technological capabilities or the unexpected emergence of new services, the number of new contracts may slow and the number of cancellations by existing customers may increase.」
Although the Company differentiates itself as a work-style reform platform integrating multiple functions, it views intensifying competition as a risk.