The Shift from Print Media to Online Services and Delayed Response to Technological Innovation
First written in FY2016. 10 of 15 entries say "Restated". Latest entry: FY2026.
Recruit Holdings moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 13 of 25 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The risk that the spread of highly convenient general-purpose AI for individual users and corporate clients may reduce the number of users of our group’s services, including services that rely on AI tools provided by external companies, or may result in the services themselves being replaced」
Regarding technological innovation risk, we newly identified the possibility that the spread of general-purpose AI may reduce use of our services or lead to their replacement. - FY2025WorsenedAnnual report
「• The risk that improvements cannot be made in a timely manner to address new communications technologies such as 6G, the diversification and evolution of devices and industry-standard technologies, or that significant costs may be incurred through upgrades to existing systems or equipment and the development of new technologies • The risk that products or services incorporating new technologies such as AI and machine learning may contain unforeseen bugs, defects, or deficiencies」
Regarding technological innovation risk, we specifically described communications technologies such as 6G, defects in AI and machine learning, and competition to respond to new technologies. - FY2024WorsenedAnnual report
「The risk that products or services incorporating new technologies such as AI and machine learning may contain unforeseen bugs, defects, or deficiencies」
Regarding technological innovation risk, we explicitly identified bugs and defects in products and services incorporating AI and machine learning, in addition to 5G and industry-standard technologies. - FY2020-Q2ReframedAnnual report
「The risk that improvements cannot be made in a timely manner to address new communications technologies such as 5G, the diversification and evolution of devices and industry-standard technologies, or that significant costs may be incurred through upgrades to existing systems or equipment and the development of new technologies」
The traditional technology risk centered on the shift from print media to online services has been recast as a broader technological innovation risk encompassing 5G, devices, industry-standard technologies, infrastructure investment, and the commercialization of new technologies. - 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.」
We stated that there have been no material changes regarding the risk associated with the shift from print media to online services and delays in responding to technological innovation. - FY2019RestatedAnnual report
「With the rapid development of IT technology in recent years, many of the markets in which our group operates have been shifting from traditional print-based services centered on free papers and magazines to online services delivered via the internet.」
We reiterated the risk of intensifying competition through the shift from print media to online services, lower barriers to entry, and direct matching through SNS and other platforms. - 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.」
We stated that there have been no material changes regarding the risk associated with the shift from print media to online services and delays in responding to technological innovation. - 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.」
We stated that there have been no material changes regarding the risk associated with the shift from print media to online services and delays in responding to technological innovation. - 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.」
We stated that there have been no material changes regarding the risk associated with the shift from print media to online services and delays in responding to technological innovation. - 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.」
We stated that there have been no material changes regarding the risk associated with the shift from print media to online services and delays in responding to technological innovation. - FY2017RestatedAnnual report
「With the rapid development of IT technology in recent years, many of the markets in which our group operates have been shifting from traditional print-based services centered on free papers and magazines to online services delivered via the internet.」
We reiterated the risks of intensifying competition due to the shift from print media to online services, lower barriers to entry, and direct matching through SNS. - FY2017-Q3RestatedAnnual report
「In the internet industry, the technologies used by competitors, industry-standard technologies, and the needs of users and clients regarding technology are changing rapidly. Accordingly, our group must respond promptly to rapid technological innovation in order to maintain its competitiveness, particularly in the Promotion Media and HR Media businesses.」
We continued to describe the risk of being unable to respond to the shift from print media to online services, as well as rapid changes in technology standards and the needs of users and clients. - FY2017-Q2RestatedAnnual report
「In addition, as online communication using social networking services (SNS) and other platforms becomes more active in Japan and overseas, making it possible to match clients and users directly, competition may intensify further, particularly in the HR Media and Staffing businesses.」
We noted that, in addition to the shift online, direct matching through SNS may lead to intensifying competition. - 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.」
We stated that there have been no material changes regarding the risk associated with the shift from print media to online services and delays in responding to technological innovation. - FY2016First statedAnnual report
「With the rapid development of IT technology in recent years, many of the markets in which our group operates have been shifting from traditional print-based services centered on free papers and magazines to online services delivered via the internet.」
We indicated that the shift online lowers barriers to entry and may intensify competition even in businesses traditionally centered on print media.