Changes in Advertising Market Trends
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 6 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Orders received for tie-up advertising, which forms part of the Company's services, are expected to be affected by changes in corporate advertising budgets and other factors. If corporate advertising budgets fluctuate due to economic cycles or other factors, the Company's business, results of operations and financial condition may be affected.」
The Company continues to describe the risk of fluctuations in the advertising market and corporate advertising budgets, as well as the diversification of revenue sources through product sales and other businesses. - FY2024RestatedAnnual report
「Orders received for tie-up advertising, which forms part of the Company's services, are expected to be affected by changes in corporate advertising budgets and other factors. If corporate advertising budgets fluctuate due to economic cycles or other factors, the Company's business, results of operations and financial condition may be affected.」
The Company continues to describe the risk of fluctuations in advertising-placement budgets and the diversification of revenue sources through product sales and other businesses. - FY2023First statedAnnual report
「Orders received for tie-up advertising, which forms part of the Company's services, are expected to be affected by changes in corporate advertising budgets and other factors. If corporate advertising budgets fluctuate due to economic cycles or other factors, the Company's business, results of operations and financial condition may be affected.」
The Company recognizes the risk of fluctuations in advertising budgets and is responding by diversifying revenue through its own IP, including product sales.