Fast Accounting (5588) · RiskRestated
Declining demand for AI-OCR as digital invoices become more widespread
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
3entries
3years
0from disclosures
How it moved
Same theme, other companies
Demand for compliance with the Electronic Books Preservation Act and the invoice systemA theme 11 companies write about · 2 as a headwind · 10 as a tailwind
3 other companies' latest entry also says "Restated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
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- FY2025RestatedAnnual report
「In addition, as invoices and other documents become increasingly digitized following the launch of the invoice system in October 2023, AI-OCR technology may eventually no longer be used.」
The company continues to indicate that adoption of the invoice system and digital invoices could reduce demand for AI-OCR, with a Peppol access point and new businesses under consideration as countermeasures. - FY2024RestatedAnnual report
「In addition, as invoices and other documents become increasingly digitized following the launch of the invoice system in October 2023, AI-OCR technology may eventually no longer be used.」
The company continues to indicate that adoption of the invoice system and digital invoices could reduce demand for AI-OCR, with a Peppol access point and new businesses under consideration as countermeasures. - FY2023First statedAnnual report
「As invoices and other documents become increasingly digitized following the launch of the invoice system in October 2023, AI-OCR technology may eventually no longer be used.」
The company identifies the risk of failing to comply with amendments to laws such as the Electronic Books Preservation Act, as well as the possibility that the spread of the invoice system and digital invoices will eliminate the need for AI-OCR technology.