Changes in consumer demand due to external factors
First written in FY2023. 3 of 6 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.
Cover moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 4 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the fiscal year, business scale continued to expand in the live/events, merchandising and licensing/tie-up segments, while short-term adjustment phases were seen in streaming revenue and direct-to-consumer e-commerce sales against the backdrop of changes in the talent lineup and community environment.」
Changes in the talent lineup and community environment actually resulted in short-term adjustments in streaming revenue and direct-to-consumer e-commerce sales. - FY2026-H1MaterialisedAnnual report
「In addition to temporary slowdowns in the growth of direct-to-consumer e-commerce sales due to the impact of North American tariffs and substitution effects between product sales channels, inventory valuation write-downs, mainly for products manufactured in or before the previous year, resulted in higher revenue but lower profit year on year.」
The impact of North American tariffs and substitution effects between sales channels actually emerged as a slowdown in the growth of the Company's direct-to-consumer e-commerce sales. - FY2024RestatedAnnual report
「However, if growth in the relevant market slows due to changes in applicable laws and regulations, economic conditions, individual preferences or other factors, resulting in a decline in the number of viewers of the Company's content, and the Company is unable to maintain its business model over the long term or sufficiently establish a new business model to respond to these changes, its business, results of operations and financial condition may be affected through slower net sales growth resulting from a decline in the number of customers.」
The Company continues to identify changes in demand arising from laws and regulations, economic conditions and consumer preferences, and their impact on viewer numbers and sales growth, as risks. - FY2023First statedAnnual report
「However, if growth in the relevant market slows due to changes in applicable laws and regulations, economic conditions, individual preferences or other factors, resulting in a decline in the number of viewers of the Company's content, and the Company is unable to maintain its business model over the long term or sufficiently establish a new business model to respond to these changes, its business, results of operations and financial condition may be affected through slower net sales growth resulting from a decline in the number of customers.」
The Company identifies slower viewer growth and sales growth resulting from changes in market growth, economic conditions, regulations and consumer preferences as risks, with diversification across business areas and regions as countermeasures.