Margin Contraction Due to Intensified Competition and Lower Unit Selling Prices
First written in FY2017. 5 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 41 of 85 companies on the "Worse" side.
106 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group's business development, business performance and financial condition may be affected by higher costs associated with implementing various measures to respond to these competitors, narrower margins resulting from lower selling prices amid intensifying competition and other factors.」
The risk of higher costs to respond to competitors and narrower margins due to lower selling prices has been reconfirmed. - FY2021RestatedAnnual report
「The Group's business development, business performance and financial condition may be affected by higher costs associated with implementing various measures to respond to these competitors, narrower margins resulting from lower selling prices amid intensifying competition and other factors.」
The risk of higher costs to respond to competitors and narrower margins due to lower selling prices has been reconfirmed. - FY2020RestatedAnnual report
「The Group's business development, business performance and financial condition may be affected by higher costs associated with implementing various measures to respond to these competitors, narrower margins resulting from lower selling prices amid intensifying competition and other factors.」
The risk of higher costs to respond to competitors and narrower margins due to lower selling prices has been reconfirmed. - FY2019RestatedAnnual report
「The Group's business development, business performance and financial condition may be affected by higher costs associated with implementing various measures to respond to these competitors, narrower margins resulting from lower selling prices amid intensifying competition and other factors.」
The risk of higher costs to respond to competitors and narrower margins due to lower selling prices has been reconfirmed. - FY2018RestatedAnnual report
「The Group's business development, business performance and financial condition may be affected by higher costs associated with implementing various measures to respond to these competitors, narrower margins resulting from lower selling prices amid intensifying competition and other factors.」
The risk of higher costs to respond to competitors and narrower margins due to lower selling prices has been reconfirmed. - FY2017First statedAnnual report
「The Group's business development, business performance and financial condition may be affected by narrower margins resulting from lower selling prices amid intensifying competition and other factors.」
Although barriers to entry are high, the disclosure notes that competitors are pursuing ski resort acquisitions, potentially resulting in costs to respond to competition and lower selling prices.