Risk of earnings dependence on the DSP business
First written in FY2016. 1 of 3 entries say "Softened", first in FY2017. Latest entry: FY2020.
The whole theme swung hardest in 2019: 7 of 29 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「As a risk-mitigation measure, the DSP business is expanding overseas to move away from its previous dependence on Japan alone and diversify geographic risk. We will also focus on growing the investment and other businesses to reduce our dependence on the DSP business and diversify risk.」
Geographic diversification through overseas expansion and reduced dependence on DSP through growth in the investment and other businesses are explicitly presented as risk-mitigation measures. - FY2017SoftenedAnnual report
「DSP business revenue accounts for a high proportion of our group's total revenue. Accordingly, if we fail to respond appropriately to changes in the business environment, this may affect our group's business and performance.」
The wording has changed from “revenue derived solely from the single DSP business” to a high proportion of revenue from the DSP business, reflecting the existence of the DMP and other businesses. - FY2016First statedAnnual report
「Our group's revenue is derived solely from the single DSP business, and our group's revenue is dependent on the DSP business.」
Although the DMP business was added as a reportable segment, dependence of revenue on the DSP business is explicitly identified as a risk.