Slowing Market Growth and Intensifying Competition from New Entrants
First written in FY2023. 3 of 6 entries say "Worsened", first in FY2025. Latest entry: 2026-06-26.
Transaction Media Networks moved to the "Worse" side of this theme in 2025.
1 other company's latest entry also says "Restated".
- 2026-06-26RestatedManagement plan
「As companies entering the payment-services field continue to emerge and operators diversify, changes in the competitive environment may affect our business performance.」
Changes in the competitive environment caused by the spread of QR/barcode payments and new market entrants continued to be identified as a key risk. - FY2026WorsenedAnnual report
「Although the electronic money business, one of our greatest strengths, is expected to see declining usage in the future due to changes in cashless payment usage patterns and other factors, with the market expected, according to a Nomura Research Institute forecast announced in 2025, to shrink from ¥6.2 trillion in 2024 to ¥5.1 trillion in 2028, our market share had increased to 41.7% as of 2025」
A forecast was presented that the overall electronic money market would shrink from ¥6.2 trillion in 2024 to ¥5.1 trillion in 2028, quantifying the risk of declining electronic money usage more specifically. - 2026-05-14WorsenedRevision of earnings forecasts
「As cashless payments continue to advance, we believe the competitive landscape will expand further, with payment providers promoting B2B usage and looking to collaborate with financial institutions and others. We also believe the cashless payments market has entered a new phase.」
The description was expanded to state that competition among payment providers is spreading to B2B usage and collaboration with financial institutions and others, broadening the areas of competition. - FY2025WorsenedAnnual report
「The government's growth strategy is expected to promote lower payment fees across the industry. In addition, QR and barcode payment service providers that do not rely primarily on payment fees as a revenue source have moved beyond the initial phase of market entry and are now gaining momentum and strengthening their market presence.」
In addition to the previously identified risks of slowing market growth and new entrants, downward pressure on payment fees and the growing presence of QR and barcode payment providers were explicitly identified, broadening concerns about the competitive environment. - FY2024RestatedAnnual report
「A shift in government policy or slowing growth in cashless payments could lead to a decline in our transaction volume and new projects, resulting in fewer connected terminals and potentially affecting our business performance.」
The company continues to recognize slowing market growth, shifts in government policy, new entrants, and changes in the competitive environment as business risks. - FY2023First statedAnnual report
「If the market contracts due to slowing growth or a shift in government policy, or if growth falls below our forecasts, our business performance may be affected by a decline in cashless payment transaction volume and a slowdown in terminal deployment, among other factors.」
In response to intensifying competition, the company cites monitoring its business plan and diversifying revenue through its information processing business and other operations.