Risk of Erosion of Competitive Advantages Due to Intensifying Competition and User Attrition
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 31 of 91 companies on the "Worse" side.
- FY2024RestatedAnnual report
「However, if companies and other entities with substantial capital resources or name recognition enter the market, or if services offering similar functionality with a price advantage emerge, competition may intensify and users may leave. This could weaken the Group's competitive advantage and affect the Group's business development, financial position, and operating results.」
The company continues to identify the risk of user attrition due to new competitors and competitively priced services, and to cite feature updates as a response. - FY2022First statedAnnual report
「If companies and other entities with substantial capital resources or name recognition enter the market, or if services offering similar functionality with a price advantage emerge, competition may intensify and users may leave. This could weaken the company's competitive advantage and affect its business development, financial position, and operating results.」
The likelihood is assessed as medium, with no specific expected timing and a high degree of impact.