Competition with major companies and deterioration in order profitability due to bid prices
First written in FY2016. 16 of 18 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2026: 38 of 84 companies on the "Worse" side.
107 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the key risks related to competition with major companies and declining contract profitability due to bid prices. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2019ReframedAnnual report
「Our systems development business and support and services business have strengths in the life and non-life insurance industries, which account for a high proportion of our sales. This also indicates a high degree of dependence on specific industries, and sales and profits could decline as a result of contraction in the life and non-life insurance industries or intensifying competition with competitors in Japan and overseas.」
The focus has shifted from the previous description of competition with major companies and bid-price competition to dependence on specific industries and declining sales and profits due to intensifying competition. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2018RestatedAnnual report
「In addition, most of our customers are listed major companies or local governments, and contracts awarded through competitive bidding are increasing. As a result, we face frequent competition from major companies, and the prices at which contracts are awarded could adversely affect operating results and financial condition, in addition to affecting our ability to win contracts.」
The risks of competition with major companies, competitive bidding and declining contract profitability due to winning bid prices continue to be identified as before. - FY2018-Q3RestatedAnnual report
「In the information services industry in which we operate, IT investment has been trending upward against a backdrop of improving corporate profitability. However, companies' focus on reducing costs for IT services remains unchanged, and downward pressure on prices continues.」
While IT investment is trending upward, companies' focus on cost reduction and downward pressure on IT service prices continue. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2017RestatedAnnual report
「In addition, most of our customers are listed major companies or local governments, and contracts awarded through competitive bidding are increasing. As a result, we face frequent competition from major companies, and the prices at which contracts are awarded could adversely affect operating results and financial condition, in addition to affecting our ability to win contracts.」
The risks of competition with major companies, competitive bidding and declining contract profitability due to winning bid prices continue to be identified as before. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of declining contract profitability due to competition with major companies and bid prices. - FY2016First statedAnnual report
「Most of our customers are listed major companies and local governments, and orders obtained through competitive bidding are increasing. We therefore face significant competition from major companies, and depending on the winning bid price, our operating performance and financial condition may be adversely affected, in addition to the risk of failing to secure orders.」
Strict customer selection, qualifications and certifications, increased bidding, competition with major companies, and winning bid prices are identified as order-related risks.