Risk of Lower Profitability Due to Intensified Competition
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2024.
3 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If competitors acquire properties at purchase prices or on transaction terms exceeding the range acceptable to the Group, the Company may be unable to acquire rental properties, which may materially affect the Group's business performance.」
The Company continues to identify the risks of competition in acquiring rental properties and competition from competitors on price and terms. - FY2021RestatedAnnual report
「If competitors acquire properties at purchase prices or on transaction terms exceeding the range acceptable to the Group, the Company may be unable to acquire rental properties, which may materially affect the Group's business performance.」
The Company continues to identify the risks of competition in acquiring rental properties and competition from competitors on price and terms. - FY2020ReframedAnnual report
「If competitors acquire properties at purchase prices or on transaction terms exceeding the range acceptable to the Group, the Company may be unable to acquire rental properties, which may materially affect the Group's business performance.」
The explanation of competition risk became more specific, moving from the risk of missing business opportunities due to pricing to the inability to acquire rental properties because competitors offer terms beyond the acceptable range. - FY2019RestatedAnnual report
「If competitors offer pricing or transaction terms that disregard profitability, the Group may miss business opportunities.」
The Company continues to identify the risk of declining profits arising from competitors' pricing and transaction terms, scale and funding costs. - FY2017RestatedAnnual report
「If competitors offer pricing or transaction terms that disregard profitability, the Group may miss business opportunities. In addition, if competitors are larger than the Group or have lower funding costs, they may be able to keep prices low while securing profits.」
The Company continues to identify the risk of intensified competition arising from pricing and transaction terms, as well as competitors' scale and funding costs. - FY2016First statedAnnual report
「If competitors offer pricing or transaction terms that disregard profitability, the Group may miss business opportunities.」
Pricing, transaction terms, and competitors' scale and funding costs are identified as competitive factors.