Netstars (5590) · RiskMitigated
Dependence on specific QR-code payment providers
First written in FY2023. 1 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2025.
3entries
3years
0from disclosures
How it moved
Same theme, other companies
Revenue Dependence on Specific Customers and Corporate GroupsA theme 315 companies write about · 329 as a headwind · 3 as a tailwind
The whole theme swung hardest in 2026: 39 of 122 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
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.
Showing 14 of the 187 companies compared. The sentences above are computed from all 187.Comparing 200 of the theme's 333 threads.Full recordFilings, disclosures and news, newest first
- FY2025MitigatedAnnual report
「PayPay Corporation 1,220,060 25.5 NTT DOCOMO, INC. 857,466 17.9」
Major-customer revenue ratios declined from 26.9% to 25.5% for PayPay and from 18.2% to 17.9% for NTT DOCOMO, reducing the numerical concentration in the top two customers. - FY2024WorsenedAnnual report
「PayPay Corporation ¥1,049,405 thousand 26.9; NTT DOCOMO, INC. ¥709,606 thousand 18.2」
Provides specific major-customer revenue ratios. PayPay increased from 23.5% to 26.9% and NTT DOCOMO from 15.7% to 18.2%, indicating greater concentration in specific providers. - FY2023First statedAnnual report
「Certain QR-code payment providers account for a high proportion of revenue. If a major QR-code payment provider were to terminate its contract or change its terms, the Group's results could be affected.」
The response is to provide payment services from a neutral position.