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Inbound Tech (7031) · RiskMaterialisedLatest Results (2026-08-14): "Restated"

Intensifying Competition and Declining Competitive Advantage in the BPO and Multilingual CRM Markets

First written in FY2021. 3 of 11 entries say "Worsened", first in FY2025-H1. Latest entry: 2026-08-14.

11entries
6years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2021 – FY2024WorsenedFY2025-H1 – 2026-06-292021: 120212022: 120222023: 120232024: 220242025: 120252026: 52026
Same theme, other companies
Intensifying competition from competitors and new entrantsA theme 650 companies write about · 677 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2026: 29 of 92 companies on the "Worse" side.

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 191 companies compared. The sentences above are computed from all 191.Comparing 200 of the theme's 677 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「The external cost environment remained challenging in this business because of increased competition and higher labour costs, and these expenses rose further. As a result, progress in securing revenue and profit was below plan.」

    In bidding projects for government agencies and other entities, costs continued to rise because of increased competition and higher labour costs, resulting in full-year revenue and profit secured below plan.
  2. FY2026-H1MaterialisedAnnual report

    「In bidding projects for government agencies and other entities, where revenue and profit per project are substantial, acquisitions of projects commencing from the second quarter onward progressed roughly in line with the plan. However, the external cost environment remained challenging because of increased competition and higher labour costs, resulting in progress below plan in securing profit.」

    In bidding projects for government agencies and other entities, costs continued to rise because of increased competition and higher labour costs, resulting in profit secured below plan.
  3. FY2025-H1WorsenedAnnual report

    「In bidding projects for government agencies and other entities, where revenue and profit per project are substantial, the environment remains challenging because increased competition has driven up the associated labour costs and public tendering has passed its peak.」

    The company explains that the environment remains challenging in bidding projects for government agencies and other entities because of increased competition, higher labour costs and the completion of the main round of public tendering.
  4. FY2024Market-size updateAnnual report

    「BPO is a large market, with a market size of approximately ¥4.7 trillion in fiscal 2022 (Source: Yano Research Institute Ltd., “BPO (Business Process Outsourcing) Market Survey 2023,” November 2023). However, because barriers to entry are low, numerous companies, from major corporations to venture companies, have entered the market, which remains highly fragmented and competitive.」

    The company continues to describe intensifying competition, and the stated market size was updated from approximately ¥4.5 trillion in the previous fiscal year to approximately ¥4.7 trillion in fiscal 2022.
  5. FY2023Market-size updateAnnual report

    「BPO is a large market, with a market size of approximately ¥4.5 trillion (Source: Yano Research Institute Ltd., “BPO (Business Process Outsourcing) Market Survey 2022,” November 2022). However, because barriers to entry are low, numerous companies, from major corporations to venture companies, have entered the market, which remains highly fragmented and competitive.」

    The company continues to describe the competitive environment and has updated the stated market size from approximately ¥4.4 trillion to approximately ¥4.5 trillion.
  6. FY2022RestatedAnnual report

    「BPO is a large market, with a market size of approximately ¥4.4 trillion (Source: Yano Research Institute Ltd., “BPO (Business Process Outsourcing) Market Survey 2021,” November 2021). However, because barriers to entry are low, numerous companies, from major corporations to venture companies, have entered the market, which remains highly fragmented and competitive.」

    The company continues to describe as a risk the competitive environment, characterised by increasing oligopolisation by major companies and new market entrants, and the market size of approximately ¥4.4 trillion.
  7. FY2021First statedAnnual report

    「BPO is a large market, with a market size of approximately ¥4.4 trillion (Source: Yano Research Institute Ltd., “BPO (Business Process Outsourcing) Market: Current Conditions and Outlook 2020-2021,” November 2020). However, because barriers to entry are low, numerous companies, from major corporations to venture companies, have entered the market, which remains highly fragmented and competitive.」

    While indicating the market size, the company describes the continued entry of numerous companies from major corporations to venture companies and the impact on performance as a risk if it cannot maintain its competitive advantage.
Moved together

"Acquisition of a business providing outsourced preparation of forms for medical associations and health insurance societies" moved the same way as this thread, in the same document, in 4 of its 11 moves.

4222★1234
  1. ★This thread
  2. 1Acquisition of a business providing outsourced preparation of forms for medical associations and health insurance societies4×
  3. 2Dilution of Per-Share Value Due to Stock Option Exercise2×
  4. 3Entry into the voice reservation and cloud businesses through the acquisition of OmniGrid as a subsidiary and a joint venture with EPARK2×
  5. 4Suspension of sales calls following suspected personal-information leakage at another company's outsourcing provider2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Inbound Tech's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Results of 2026-08-14: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Intensifying Competition and Declining Competitive Advantage in the BPO and Multilingual CRM Markets | Inbound Tech Inc. (7031) | Komori