Dependence on search engines and platform operators
First written in FY2023. 1 of 2 entries say "Worsened", first in FY2024. Latest entry: FY2024.
Nyle moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 7 of 32 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「Across all of its businesses, the Group uses search engine services provided by large global companies for online marketing solutions and user acquisition, and must respond to changes in search-related algorithms made by those operators. In addition, its solutions, mainly those related to applications, and media operations may require responses when major global technology companies or platform operators change their operating policies.」
Expands the stated dependence beyond search engines to policy changes by major technology companies and platform operators. - FY2023First statedAnnual report
「Across all of its businesses, the Company uses search engine services provided by large global companies for online marketing solutions and user acquisition, and must respond to changes in search-related algorithms made by those search engine operators.」
Identifies delayed responses to algorithm or platform policy changes as a risk.