Risk of market contraction due to consolidation in the credit card industry
First written in FY2016. 9 of 19 entries say "Restated". Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1RestatedAnnual report
「In the credit card industry, credit card companies' transaction volumes have continued to exceed the prior-year level. The Ministry of Economy, Trade and Industry has set a target of raising the cashless payment ratio to approximately 40% by 2025, and the ratio is expected to continue rising steadily.」
The company continues to describe the environment in which card companies' transaction volumes exceed the prior-year level and the cashless payment ratio is targeted to reach approximately 40% by 2025. - FY2024-Q3MitigatedAnnual report
「The Ministry of Economy, Trade and Industry has set a target of raising the cashless payment ratio to approximately 40% by 2025. According to its calculations, the cashless payment ratio reached 39.3% in 2023 and the value of cashless payments reached ¥126.7 trillion, continuing to rise steadily.」
The cashless payment ratio reached 39.3% in 2023, while the value of payments reached ¥126.7 trillion, up from 36.0% and ¥111 trillion, respectively, in the previous disclosure. The risk of market contraction is moving toward mitigation as the credit card and cashless payments markets expand. - FY2024-Q1RestatedAnnual report
「In the credit card industry, one of the company's principal business areas, credit card companies' transaction volumes have continued to remain above the prior-year level as personal consumption has recovered. According to calculations by the Ministry of Economy, Trade and Industry, the cashless payment ratio reached 36.0% in 2022, while the value of cashless payments exceeded ¥100 trillion for the first time, reaching ¥111 trillion. The Ministry of Economy, Trade and Industry has set a target of raising the cashless payment ratio to approximately 40% by 2025.」
The company continues to describe the recovery in personal consumption, credit card companies' transaction volumes remaining above the prior-year level, and the market environment of a 36.0% cashless payment ratio and ¥111 trillion in payments. - FY2023MitigatedAnnual report
「In the credit card industry, one of the company's principal business areas, credit card companies' transaction volumes have continued to remain above the prior-year level as personal consumption has recovered. According to calculations by the Ministry of Economy, Trade and Industry, the cashless payment ratio reached 36.0% in 2022, while the value of cashless payments exceeded ¥100 trillion for the first time, reaching ¥111 trillion.」
The recovery in personal consumption and credit card companies' transaction volumes remaining above the prior-year level continued, while the cashless payment ratio reached 36.0% and the value of payments reached ¥111 trillion. Risks related to the card industry's market environment have moved toward mitigation compared with the previous disclosure. - FY2023-Q2RestatedAnnual report
「In the credit card industry, one of the company's principal business areas, credit card companies' transaction volumes have remained above the prior-year level as personal consumption has recovered.」
The company continues to take the view that credit card companies' transaction volumes are above the prior-year level, supported by the recovery in personal consumption. - FY2022MitigatedAnnual report
「According to calculations by the Ministry of Economy, Trade and Industry, Japan's cashless payment ratio exceeded 30% for the first time in 2021, reaching 32.5%, while the value of cashless payments exceeded ¥90 trillion.」
While the risk of market contraction in the credit card industry remains, the cashless payment ratio reached 32.5% in 2021 and the value of payments exceeded ¥90 trillion, indicating market growth and new business opportunities. - FY2022-Q3MitigatedAnnual report
「Transaction volumes for card shopping at major card companies have remained above the year-earlier period, and are thought to be steadily recovering from the impact of the pandemic.」
The company explained that card-shopping transaction volumes at major card companies exceeded the year-earlier period and that the card industry's sluggish conditions caused by the pandemic were beginning to recover. Market-environment risks remain, but have moved toward mitigation compared with the previous disclosure. - FY2022-Q2RestatedAnnual report
「Japan's cashless payment ratio rose from 18.2% in 2018 to 29.7% in 2020. The government aims to raise this to approximately 40% by June 2025 and is currently pursuing policies to promote the adoption of cashless payments by merchants. In addition to major financial institutions and card companies, the adoption of so-called fintech services has also begun, including financial and payment services for individuals and small and medium-sized companies, as well as companies providing services to such businesses. These changes in the operating environment represent a business opportunity for the company.」
The company continues to describe the rising cashless payment ratio and wider adoption of fintech services as business opportunities. It states that there has been no material change in the risk of dependence on the credit card industry itself. - FY2022-Q1MitigatedAnnual report
「Transaction volumes for card shopping at major credit card companies have also remained above the prior-year level since April 2021.」
The company explained that card-shopping transaction volumes at major credit card companies exceeded the prior-year level from April 2021 onward, indicating that conditions in the card industry had improved from the sluggish level through the previous fiscal year. - FY2021MitigatedAnnual report
「Although the financial and credit card industries, which are the company's principal business areas, have also been affected, there has been no major change in the trend of systems investment by its main customers, particularly major credit card companies, and the company's business is progressing steadily.」
Although the impact of the pandemic and other factors on the card industry remains, the company explained that there has been no major change in card companies' systems investment and that its business has progressed steadily. - FY2021-Q3RestatedAnnual report
「Personal consumption of face-to-face services remains depressed, and since January 2021, card-shopping transaction volumes at major credit card companies have still been below the year-earlier period. The company's performance has not been materially affected so far. However, if conditions in the credit card industry, one of its principal business areas, affect the capital investment plans of individual companies, its earnings forecast for the current fiscal year and medium-term plan could also be affected.」
While card-shopping transaction volumes at major credit card companies have continued to fall below the year-earlier period, the company continues to indicate that conditions in the card industry could affect its current-year earnings forecast and medium-term plan through capital investment plans. - FY2021-Q1RestatedAnnual report
「Transaction volumes for card shopping at major credit card companies have remained below the prior-year level since March 2020, but monthly year-on-year results have been improving. The company expects the trend toward increased credit card usage to remain unchanged, partly due to government consumer stimulus measures. However, if the operating conditions of individual credit card companies affect their capital investment plans, the company's earnings forecast for the current fiscal year and its medium-term plan could also be affected.」
The company explained that card-shopping transaction volumes have continued to fall below the prior-year level, although monthly results have improved. It also continued to indicate that the operating conditions of individual card companies could affect its current-year earnings forecast and medium-term plan through their capital investment plans. - FY2020MaterialisedAnnual report
「Transaction volumes for credit card shopping at major credit card companies were also affected by the pandemic, with monthly results from March through May 2020 well below the year-earlier period.」
Transaction volumes for card shopping at major credit card companies, the company's principal customers, actually fell below the year-earlier period due to the pandemic. At the same time, the company indicated that the long-term trend toward wider adoption would be maintained as cashless payments and online shopping continue to expand. - FY2020-Q3Expected decline in in-store usage and expected increase in online usageAnnual report
「From March onward, transaction volumes for credit card purchases at physical stores are expected to decline. On the other hand, card usage for online shopping is believed to be increasing, and the wider adoption of credit card payments in consumer spending is expected to continue.」
Against the backdrop of the spread of the infection, the company indicated that in-store usage was expected to decline, while online shopping usage was expected to increase, and also expressed the view that the wider adoption of credit card payments would continue. - FY2020-Q2RestatedAnnual report
「In the credit card industry, our principal business area, negotiations concerning capital investment projects have remained firm against the backdrop of these changes in social conditions, and a favorable business environment for us continues.」
The company continues to explain that negotiations concerning capital investment projects in the principal credit card industry remain firm, driven by the increased use of cashless payments. - FY2019RestatedAnnual report
「We are working to expand our business areas and diversify revenue, but our results may be affected by the impact of future changes in the business environment and the responses of individual companies. Similarly, a certain proportion of our results is generated by orders from companies in the credit card industry, and our results may be affected by trends in the industry’s performance and developments in laws and regulations.」
While pursuing business expansion and revenue diversification, the company continues to identify dependence on orders from the credit card industry and the impact of the market environment, industry performance and laws and regulations as risks. - FY2018RestatedAnnual report
「We are working to expand our business areas and diversify revenue, but our results may be affected by future changes in the business environment and the responses of individual companies. Similarly, a certain proportion of our results is generated by orders from companies in the credit card industry, and our results may be affected by trends in the industry’s performance and developments in laws and regulations.」
The company continues to identify as risks the possibility of long-term contraction in the credit card market, dependence on orders from the industry, and the impact of industry performance and laws and regulations. - FY2017WorsenedAnnual report
「Similarly, a certain proportion of our results is generated by orders from companies in the credit card industry, and our results may be affected by trends in the industry’s performance and developments in laws and regulations.」
In addition to the possibility of market contraction, the company explicitly identifies its dependence on orders from the credit card industry and the impact of regulatory developments, broadening the scope of the risk factors. - FY2016First statedAnnual report
「The credit card industry, our principal business area, may undergo further industry consolidation over the long term following the industry reorganization led by megabanks, potentially causing our market to contract.」
The company identifies electronic money, online shopping and mobile-device payments as new opportunities, while citing the potential for long-term market contraction as a risk.