Delayed response to changing client and user needs
First written in FY2016. 10 of 13 entries say "Restated". Latest entry: FY2022.
Recruit Holdings moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2021: 2 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2022WorsenedAnnual report
「In addition, the impact of COVID-19 may change individual users’ lifestyles and the way corporate clients operate their businesses, which may in turn change the needs and preferences of both individual users and corporate clients.」
Regarding the risk of changes in needs, the disclosure adds changes in lifestyles and corporate operating methods caused by infectious diseases, specifying the impact on revenue of changes affecting both users and clients and delays in improving services. - FY2020-Q2WorsenedAnnual report
「For some services, the placement period can be set for a short duration to meet client needs, which may result in clients not continuing to use the Group’s services or finding it easier to switch to another platform provider.」
Regarding the risk of changes in needs, the disclosure identifies the internet and social media, advanced devices, short-term advertising placements, and the ease of switching to other platforms, providing specific examples of changes affecting both users and clients. - FY2020-Q1RestatedAnnual report
「During the first quarter, there were no material changes in matters described in the quarterly report concerning the business and financial condition that could materially affect investors’ decisions, nor in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risk of failing to respond to changes in client and user needs. - FY2019RestatedAnnual report
「If the Group cannot respond rapidly to changes in user needs, or if another company develops a service that is more convenient than the Group’s services and better meets user needs, users may leave the Group’s services, which could adversely affect the Group’s business results through a decline in market share and revenue.」
The risk of declining market share and revenue due to delays in responding to changes in user needs and competing services is reiterated. - FY2019-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no material changes in matters described in the quarterly report concerning the business and financial condition that could materially affect investors’ decisions, nor in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risk of failing to respond to changes in client and user needs. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no material changes in matters described in the quarterly report concerning the business and financial condition that could materially affect investors’ decisions, nor in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risk of failing to respond to changes in client and user needs. - FY2018-Q2RestatedAnnual report
「During the six months ended the second quarter, there were no material changes in matters described in the quarterly report concerning the business and financial condition that could materially affect investors’ decisions, nor in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risk of failing to respond to changes in client and user needs. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risk of failing to respond to changes in client and user needs. - FY2017RestatedAnnual report
「If the Group cannot respond rapidly to changes in user needs, or if another company develops a service that is more convenient than the Group’s services and better meets user needs, users may leave the Group’s services, which could adversely affect the Group’s business results through a decline in market share and revenue.」
The risk of declining market share and revenue due to delays in responding to changes in user needs and more convenient services offered by other companies is reiterated. - FY2017-Q3RestatedAnnual report
「If the Group cannot respond rapidly to changes in user needs, or if another company develops a service that is more convenient than the Group’s services and better meets user needs, users may leave the Group’s services, which could adversely affect the Group’s business results through a decline in market share and revenue.」
The risk of declining market share and revenue due to delays in responding to changes in user needs and more convenient services offered by other companies is reiterated. - FY2017-Q2RestatedAnnual report
「To maintain its competitiveness and market share, the Group must respond to changes in user needs. If the Group cannot respond rapidly to such changes, or if another company develops a service that is more convenient than the Group’s services and better meets user needs, users may leave the Group’s services, which could adversely affect the Group’s business results through a decline in market share and revenue.」
The disclosure explicitly addresses delays in responding to changes in user demand in addition to traditional client demand, but considers this to be within the scope of the existing risk related to changes in demand. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes regarding the risk of failing to respond to changes in client and user needs. - FY2016First statedAnnual report
「To maintain its competitiveness, the Group must respond rapidly to changes in client needs arising from changes in the business environment and other factors. Failure to do so could adversely affect the Group’s business results.」
An example of changing the billing model from subscription-based billing to success-based billing is provided, along with the possibility of lower revenue and profitability.