Competitive Responses to One-Stop Services and the Risk of Fintech Entry
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2026.
Broad-Minded moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 11 of 21 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2026Increase in the number of financial service intermediariesAnnual report
「In addition, with respect to financial service intermediary businesses, which were established in November 2021, there were 24 registered businesses as of the end of March 2026. However, as more companies participate, the financial products themselves, the way consumers compare and select financial products, and the way they communicate with financial institutions could undergo fundamental changes when consumers obtain financial services.」
The number of registered financial service intermediary businesses increased from the previously reported 18 to 24, and the risks related to competition, imitation and changes in consumer behavior continue to be disclosed. - FY2025RestatedAnnual report
「In addition, with respect to financial service intermediary businesses, which were established in November 2021, there were 18 registered businesses as of the end of March 2025. However, as more companies participate, the financial products themselves, the way consumers compare and select financial products, and the way they communicate with financial institutions could undergo fundamental changes when consumers obtain financial services.」
The risk of competition and imitation by multi-carrier insurance agencies, IFAs, mortgage lenders, and financial service intermediaries and fintech companies continues to be recognized. - FY2023RestatedAnnual report
「However, if the quality of the Group's services declines, or if competitors follow the direction of the Group's services and differentiation becomes impossible, this could affect the Group's financial position and operating results.」
The risk of competition and imitation by multi-carrier insurance agencies, IFAs, mortgage lenders, and financial service intermediaries and fintech companies continues to be disclosed. - FY2021First statedAnnual report
「However, if the quality of the Group's services declines, or if competitors follow the direction of the Group's services and differentiation becomes impossible, this could affect the Group's financial position and operating results.」
It also identifies the possibility that the value of existing financial service providers could decline relatively as a result of the establishment of financial service intermediary businesses and the entry of fintech companies and others.