Dependence on Alliance Partners and Intermediaries
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2022: 3 of 21 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The structure is such that alliance partners primarily refer home finance applicants to and broker business for the Company, the Company lends mortgages and other loans to home finance applicants, and the Company pays agency commissions and other fees to alliance partners. Accordingly, most of the Company’s home mortgage outlets nationwide are operated by agencies run by alliance partners rather than being directly operated by the Company.」
The structure in which the sales channels and outlet operations of the housing finance business depend on alliance partners and operating agencies continues to be disclosed. - FY2023RestatedAnnual report
「Accordingly, if any impediment or other difficulty arises in transactions with alliance partners, this could affect the performance of the housing finance business.」
The Company reconfirms the risk in the sales network arising from dependence on alliance partners and operating agencies. - FY2021RestatedAnnual report
「Accordingly, if any impediment or other difficulty arises in transactions with alliance partners, this could affect the performance of the housing finance business.」
The Company reconfirms its dependence on alliance partners and the risk of disruptions to transactions, noting that most home mortgage outlets nationwide are operated by agencies. - FY2019RestatedAnnual report
「The Company has established a network in which alliance partners primarily refer customers to and broker business for the Company, and the Company lends to borrowers. Accordingly, if any impediment or other difficulty arises in transactions with alliance partners or others, this could affect the performance of the business.」
Dependence on the referral and brokerage network operated by alliance partners is disclosed again. - FY2017First statedAnnual report
「The Company has established a network in which alliance partners primarily refer customers to and broker business for the Company, and the Company lends to borrowers. Accordingly, if any impediment or other difficulty arises in transactions with alliance partners or others, this could affect the performance of the business.」
The risk in the sales network arising from dependence on alliance partners in the housing finance business and agency outlets in the home defect insurance and related businesses is disclosed.