Dependence on partner relationships in automotive subscriptions
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 8 of 42 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「To provide “Otokuni My Car Flat-Rate Karumo-kun,” the Group has built close relationships with strategic partners, including financial institutions centered on ORIX Auto Corporation. It operates a process conducted primarily online from application through delivery and has established an operation for delivering vehicles to customers’ homes.」
Continues an operating structure based on close relationships with partner financial institutions for online applications and home delivery. - FY2023First statedAnnual report
「We will work to maintain good relationships with these partners. However, if those relationships do not contribute to expanding the customer base as expected, or if relationships with partners deteriorate, the Company’s business and performance may be affected.」
Partnerships with financial institutions, principally ORIX Auto Corporation, are a prerequisite for operating the service.