Intensifying Competition in the M&A Advisory Market
First written in FY2020. 5 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 3 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The M&A advisory business is relatively easy to enter because it is not subject to regulations such as the licenses and permits required to provide these services. Accordingly, the market for M&A advisory services, particularly for SMEs, includes numerous competitors ranging from large operators to small businesses and sole proprietors such as accounting and consulting firms, and competition among existing operators and new entrants is expected to intensify.」
参入障壁が相対的に低く、多数の競合が存在し競争激化が見込まれる状況を引き続きリスクとして記載している。 - FY2024RestatedAnnual report
「The M&A advisory business is relatively easy to enter because it is not subject to regulations such as the licenses and permits required to provide these services. Accordingly, the market for M&A advisory services, particularly for SMEs, includes numerous competitors ranging from large operators to small businesses and sole proprietors such as accounting and consulting firms, and competition among existing operators and new entrants is expected to intensify.」
参入障壁が相対的に低く、多数の競合が存在し競争激化が見込まれる状況を引き続きリスクとして記載している。 - FY2023RestatedAnnual report
「The M&A advisory business is relatively easy to enter because it is not subject to regulations such as the licenses and permits required to provide these services. Accordingly, the market for M&A advisory services, particularly for SMEs, includes numerous competitors ranging from large operators to small businesses and sole proprietors such as accounting and consulting firms, and competition among existing operators and new entrants is expected to intensify.」
参入障壁が相対的に低く、多数の競合が存在し競争激化が見込まれる状況を引き続きリスクとして記載している。 - FY2022RestatedAnnual report
「The M&A advisory business is relatively easy to enter because it is not subject to regulations such as the licenses and permits required to provide these services. Accordingly, the market for M&A advisory services, particularly for SMEs, includes numerous competitors ranging from large operators to small businesses and sole proprietors such as accounting and consulting firms, and competition among existing operators and new entrants is expected to intensify.」
参入障壁が相対的に低く、多数の競合が存在し競争激化が見込まれる状況を引き続きリスクとして記載している。 - FY2021RestatedAnnual report
「The M&A advisory business is relatively easy to enter because it is not subject to regulations such as the licenses and permits required to provide these services. Accordingly, the market for M&A advisory services, particularly for SMEs, includes numerous competitors ranging from large operators to small businesses and sole proprietors such as accounting and consulting firms, and competition among existing operators and new entrants is expected to intensify.」
参入障壁が相対的に低く、多数の競合が存在し競争激化が見込まれる状況を引き続きリスクとして記載している。 - FY2020First statedAnnual report
「The M&A advisory business is relatively easy to enter because it is not subject to regulations such as the licenses and permits required to provide these services. Accordingly, the market for M&A advisory services, particularly for SMEs, includes numerous competitors ranging from large operators to small businesses and sole proprietors such as accounting and consulting firms, and competition among existing operators and new entrants is expected to intensify.」
Knowledge sharing, education and training, and the recruitment of experienced professionals are cited as ways to differentiate from competitors.