Intensifying competition with banks, companies from other industries and competitors
First written in FY2016. 3 of 8 entries say "Worsened", first in FY2017. Latest entry: FY2024.
The Imamura Securities moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 11 of 21 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「Moves by online securities firms to cut or eliminate fees have spread, making further differentiation from competitors necessary.」
In addition to competition with conventional banks, non-financial entrants and other competitors, fee cuts and fee elimination by online securities firms were explicitly identified as competitive pressures. - FY2022RestatedAnnual report
「Competition with banks following deregulation, market entry by companies from other industries, and mergers and business alliances among competitors have intensified competition with other competitors. The Company is working to maintain and improve its competitiveness by offering an extensive range of products, operating its internet trading business in-house, and training sales personnel whom customers can trust. It believes that the risk is unlikely to materialize.」
The Company continues to recognize intensifying competition and identifies its product range, in-house operation of internet trading and sales-force training as countermeasures. - FY2021MitigatedAnnual report
「The Company is working to maintain and improve its competitiveness by offering an extensive range of products, operating its internet trading business in-house, and training sales personnel whom customers can trust. It believes that the risk is unlikely to materialize.」
While continuing to recognize intensifying competition, the Company identifies its product range, in-house operation of internet trading and sales-force training as countermeasures, and indicates that the risk is unlikely to materialize. - FY2020WorsenedAnnual report
「Market entry by companies from other industries using FinTech, including small-lot investment services and robo-advisers, has also accelerated, making further differentiation from competitors necessary.」
In addition to competition with conventional banks, non-financial entrants and other competitors, FinTech market entry using small-lot investment services and robo-advisers was added as a competitive pressure. - FY2019RestatedAnnual report
「Competition with banks following deregulation, market entry by companies from other industries, and mergers and business alliances among competitors have intensified competition with other competitors in recent years.」
Intensifying competition with banks, non-financial entrants and other competitors is disclosed again as a business-environment risk. - FY2018RestatedAnnual report
「Competition with banks following deregulation, market entry by companies from other industries, and mergers and business alliances among competitors have intensified competition with other competitors in recent years.」
Intensifying competition with banks, non-financial entrants and other competitors continues to be disclosed as a business-environment risk. - FY2017WorsenedAnnual report
「The Company believes that its business base will be strengthened by continuously considering and implementing measures to counter the rise of online-only securities firms and their strategies centered on cutting fees.」
In addition to competition with conventional banks, non-financial entrants and other competitors, the rise of online-only securities firms and their fee-cutting strategies were explicitly identified as competitive pressures. - FY2016First statedAnnual report
「Competition with banks following deregulation, market entry by companies from other industries, and mergers and business alliances among competitors have intensified competition with other competitors in recent years.」
Intensifying competition is identified as an ongoing business-environment risk.