Concentration of business in internet sales
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2019.
4 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「The company sells insurance products to individuals mainly over the internet. Accordingly, if consumer purchasing behavior for insurance products sold over the internet does not take hold to the extent the company expects, it may face a significant challenge in continuously expanding the number of new policies.」
The company continues to describe its concentration on internet sales to individuals and the impact on new policy growth if consumer purchasing behavior does not take hold sufficiently. - FY2018RestatedAnnual report
「Recognizing that significant short-term growth in the online life insurance market will be difficult, the company is diversifying its sales channels by strengthening collaboration with partner companies and using agencies.」
The company continues to diversify its channels through collaboration with partners and the use of agencies in response to its concentration on internet sales. - FY2017MitigatedAnnual report
「Recognizing that significant short-term growth in the online life insurance market will be difficult, the company is diversifying its sales channels by strengthening partnerships and using agencies.」
To address the risk of concentrating sales on the internet, the company is diversifying its sales channels by strengthening partnerships and using agencies. - FY2016First statedAnnual report
「The company sells insurance products to individuals over the internet. Accordingly, if consumer purchasing behavior for insurance products sold over the internet does not take hold to the extent the company expects, it may face a significant challenge in continuously expanding the number of new policies.」
The company identifies its business structure's dependence on the adoption of internet purchasing behavior as a risk.