Dependence on changes in the crowdfunding and e-commerce markets
First written in FY2019. 12 of 22 entries say "Restated". Latest entry: 2026-07-28.
No other company in this theme has enough history to compare yet.
- 2026-07-28RestatedFinancial results briefing materials
「Geopolitical risks persist, but their impact on the business remains limited」
The Company continued to identify geopolitical risks and the prolonged or accelerating effects of a weaker yen and higher raw-material costs as market conditions, while stating that their current impact on the business is limited. - FY2026-H1WorsenedAnnual report
「During the interim accounting period, Japan's economy was on a moderate recovery trend, supported by improvements in employment and income conditions. However, in addition to continued inflation, significant downside risks to household finances and corporate activity remain due to uncertainty arising from changes in U.S. trade policy and the situation in the Middle East.」
It states that, in addition to inflation, significant downside risks to household finances and corporate activity arising from changes in U.S. trade policy and the situation in the Middle East remain. - FY2025WorsenedAnnual report
「The outlook remains uncertain, as continued inflation caused by the weaker yen, higher raw material prices resulting from international conditions, supply constraints and other factors is affecting personal consumption, while the risk of an economic downturn due to U.S. trade policy is increasing.」
In addition to the ongoing weaker yen, higher raw material prices, supply constraints and inflation, the increased risk of an economic downturn due to U.S. trade policy was explicitly identified. - FY2025-H1RestatedAnnual report
「During the current interim accounting period, Japan’s economy continued to recover moderately, supported in part by the effects of various policies concerning employment and income conditions. However, personal consumption has shown some signs of stagnation due to continued inflation caused by higher raw material prices resulting from the weak yen and international conditions, as well as supply constraints. Small and medium-sized enterprises also continue to face difficult conditions due to persistent global inflation and higher interest rates resulting from the Bank of Japan’s monetary policy, and the outlook remains uncertain.」
The company described the weak yen, higher raw material prices, supply constraints, inflation, higher interest rates and stagnating personal consumption as aspects of the market environment. Meanwhile, it stated that there were no new business or other risks or material changes to existing risks. - FY2024-Q2WorsenedAnnual report
「In addition to the need to pay close attention to the impact of the January 2024 Noto Peninsula earthquake on the economy, higher raw material prices and inflation caused by supply constraints and other factors stemming from global monetary tightening and international conditions have continued, and the outlook remains uncertain.」
In addition to the continuing effects of monetary tightening, international conditions, higher raw material prices and supply constraints, the company newly identified the economic impact of the Noto Peninsula earthquake and continued to emphasize uncertainty in the external environment. - FY2023RestatedAnnual report
「Because this business area is a relatively new market and the market itself is still developing, its definition has not yet been established, and we believe it will continue to evolve while changing in definition and scale.」
The company has reconfirmed the risk that changes in the market definition and scale, regulations, credibility and consumer trends in the presale market for new products and services may affect its performance. - FY2023-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.」
The company stated that there were no new business or other risks or material changes to existing risks. Separately, it described increasing uncertainty about the outlook due to monetary tightening, overseas economic conditions, raw material prices, supply constraints, inflation and volatility in the financial and capital markets. - FY2023-Q2RestatedAnnual report
「During the cumulative second-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.」
The disclosure states that no new business or other risks arose and that no material changes occurred to existing risks. - FY2022WorsenedAnnual report
「On the other hand, the effects of reopening associated with the normalization of economic activity began to emerge in the second half, and the increase in offline commercial activity and consumption gradually strengthened the trend toward declines in the number of project owners using the platform and the number of purchases made by backers.」
Against the online demand that expanded during the COVID-19 pandemic, the increase in offline commercial activity and consumption accompanying the normalization of economic activity and reopening emerged as factors behind the actual declines in platform usage and purchases made by backers. - FY2022-Q3WorsenedAnnual report
「During the cumulative period of the third quarter, Japan’s economy showed signs of recovery as economic and social activity moved toward normalization. However, uncertainty over the financial policies of countries around the world remains due to inflation caused by higher raw material prices and supply constraints stemming from the situation in Ukraine and other factors, as well as volatility in the financial and capital markets. As the economy contains downside risks, we recognize that caution is necessary.」
While stating that there were no material changes to the formal risk items, the company specifically listed higher raw material prices, supply constraints, inflation and uncertainty over financial policies as downside factors in its description of the operating environment. - FY2022-Q2WorsenedAnnual report
「The impact of the spread of COVID-19, the situation in Ukraine and other factors on the company’s business and other areas may affect its financial position and operating results in the future as circumstances develop.」
In addition to COVID-19, the company explicitly identified the situation in Ukraine and other factors as sources of impact, broadening the uncertainty surrounding the external environment. No quantified impact or actual losses were described. - FY2022-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The impact of the spread of COVID-19 on the company’s business and other areas may affect its financial position and operating results in the future, depending on when COVID-19 subsides and how other circumstances develop.」
The company stated that there were no new material risks or material changes to existing risks, while reconfirming the possibility of an impact depending on when COVID-19 subsides and other factors. - FY2021RestatedAnnual report
「Demand for this market has increased significantly, driven by new lifestyles and work styles shaped by the spread of COVID-19, and the market continues to grow.」
While recognizing increased demand and growth in the e-commerce market for new product launches, the company continues to describe uncertainty surrounding personal consumption, corporate earnings, employment conditions and infectious diseases. - FY2021-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The impact of the spread of COVID-19 on the company’s business and other areas may affect its financial position and operating results in the future, depending on when COVID-19 subsides and how other circumstances develop.」
The company stated that there were no new material risks or material changes to existing risks, while reconfirming the possibility of an impact depending on when COVID-19 subsides and other factors. - FY2021-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year. The impact of the spread of COVID-19 on the company’s business and other areas may affect its financial position and operating results in the future, depending on when COVID-19 subsides and how other circumstances develop.」
The company stated that there were no new material risks or material changes to existing risks, while reconfirming the possibility of an impact depending on when COVID-19 subsides and other factors. - FY2021-Q1RestatedAnnual report
「The impact of the spread of COVID-19 on our business and other operations could affect our financial position and operating results in the future, depending on when the COVID-19 pandemic subsides and how other circumstances develop.」
The company has reconfirmed the uncertainty that the timing of the end of COVID-19 and other factors may affect its financial position and operating results. - FY2020RestatedAnnual report
「Because this business area is a relatively new market and the market itself is considered to be still developing, its definition has not yet been established, and we believe it will continue to evolve while changing in definition and form.」
The company has reconfirmed the risk that the market’s growth potential and changes in the market definition, regulations, credibility and consumer trends may affect the business. - FY2020-Q3RestatedAnnual report
「The impact of the spread of COVID-19 on our business and other operations could affect our financial position and operating results in the future, depending on when the COVID-19 pandemic subsides and how other circumstances develop.」
The company continues to describe the uncertainty surrounding the impact of COVID-19. It states that there have been no material changes in business and other risks. - FY2020-Q2WorsenedAnnual report
「Uncertainty about the outlook is increasing due to trends in overseas economies, including concerns over trade friction stemming from US protectionist policies and the slowdown of the Chinese economy, as well as the downturn in domestic and overseas economies caused by the recent impact of COVID-19.」
In addition to overseas economic and business trends, the company described the downturn in domestic and overseas economies caused by COVID-19 and the resulting increase in uncertainty about the outlook, indicating a deterioration in market environment risk. - FY2019First statedAnnual report
「The company recognizes its principal business area as the sale or presale of new products and services that constitute part of the crowdfunding market and the e-commerce market, which is closely related to that market, and its business is affected by trends in these markets.」
The company states that changes in market definitions, the introduction of regulations, damage to credibility, economic conditions and consumer trends, among other factors, may affect its performance.