Impact of the rapid shift to cashless payments on the cash handling equipment business
First written in FY2019. 1 of 4 entries say "Restated". Latest entry: FY2025.
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- FY2025ReframedAnnual report
「Under its 2026 Medium-Term Management Plan, the Group has designated the retail, financial services, and food-service markets as priority markets and will accelerate the expansion of its new-field businesses by supporting customers' store digital transformation through the provision of software platforms.」
The response to the risk of cashless adoption has been reframed from the previous emphasis on investment in non-cash fields to expanding store digital transformation platforms for the retail, financial services, and food-service markets. - FY2021WorsenedAnnual report
「The Group has a high degree of dependence on cash-handling equipment in its domestic and overseas sales mix. To address these risks, it is also actively investing in expanding businesses in new fields, including non-cash areas. If cashless adoption, including the issuance of digital currencies by central banks, progresses rapidly worldwide over a short period before the new businesses have grown, it could affect the Group's performance.」
The Group explicitly identifies its high domestic and overseas dependence on cash-handling equipment and rapid cashless adoption, including the issuance of central bank digital currencies, as a new specific risk factor. - FY2020RestatedAnnual report
「The Group's core business is cash-handling equipment, but it is also actively investing in non-cash fields to address these risks. If cashless adoption progresses rapidly worldwide over a short period before the non-cash business has grown, it could affect the Group's performance.」
The Group continues to identify the risk of rapid cashless adoption and explicitly cites investment in non-cash fields as a response. - FY2019First statedAnnual report
「Although the Group also handles many products in non-cash fields, cash-handling equipment is a core business. If cashless adoption progresses rapidly worldwide over a short period, it could adversely affect the Group's performance.」
While also offering products in non-cash fields, the Group newly identifies the rapid global shift to cashless payments over a short period as a risk to its core business.