Declining Earnings Power and Higher Advertising Expenses Due to Intensifying Competition
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2024.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「However, a decline in profitability due to intensifying competition with competitors and an increase in advertising expenses and other costs could affect the Group's financial condition and operating results.」
The disclosure continued to address the risks of intensifying competition and higher advertising expenses while noting differentiation through new service development and branding. - FY2022RestatedAnnual report
「However, a decline in profitability due to intensifying competition with competitors and an increase in advertising expenses and other costs could affect the Company's financial condition and operating results.」
The disclosure continued to address the risks of intensifying competition and higher advertising expenses while noting differentiation through new service development and branding. - FY2021RestatedAnnual report
「The Company seeks to differentiate itself from other companies through the development of new services, branding and other initiatives. However, a decline in profitability due to intensifying competition with competitors and an increase in advertising expenses and other costs could affect the Company's financial condition and operating results.」
The disclosure continued to address the risk of intensifying competition while noting differentiation through new service development and branding. - FY2020MitigatedAnnual report
「The Company seeks to differentiate itself from other companies through the development of new services, branding and other initiatives. In addition, as this business field requires substantial advertising expenditure, the Company believes that certain barriers to entry exist.」
As measures to address competitive risks, the disclosure described differentiation through new service development and branding, as well as barriers to entry arising from advertising investment. - FY2019First statedAnnual report
「A decline in profitability due to intensifying competition with competitors and an increase in advertising expenses and other costs could affect the Company's financial condition and operating results.」
The disclosure explicitly identified declining profitability due to intensifying competition and higher advertising expenses as risks.