Earnings sensitivity to changes in the e-commerce and payments markets driven by macroeconomic conditions
First written in FY2022-Q3. 11 of 12 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It continues to disclose the diversification provided by a large number of merchants and the business’s sensitivity to the macroeconomic environment through the e-commerce and payments markets. - 2026-05-15RestatedEarnings
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
The company reiterated the diversification of its merchant base and its sensitivity to macroeconomic conditions through the e-commerce and payments markets. - FY2025RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It continues to disclose the diversification provided by a large number of merchants and the structure’s susceptibility to the e-commerce and payments markets through the macroeconomic environment. - FY2025-H1RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It continues to describe the diversification provided by a large number of merchants and the business’s sensitivity to the macroeconomic environment through the e-commerce and payments markets. - FY2024-Q3RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It continues to describe the diversification provided by a large number of merchants and the business’s sensitivity to the macroeconomic environment through the e-commerce and payments markets. - FY2024-Q2RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It continues to describe the diversification provided by a large number of merchants and the business’s sensitivity to the macroeconomic environment through the e-commerce and payments markets. - FY2024-Q1RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It continues to describe the diversification provided by a large number of merchants and the business’s sensitivity to the macroeconomic environment through the e-commerce and payments markets. - FY2023-Q3RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It reiterates the diversification provided by a large number of merchants and the business’s sensitivity to the macroeconomic environment through the e-commerce and payments markets. - FY2023-Q2RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It reiterates the diversification provided by a large number of merchants and the business’s sensitivity to the macroeconomic environment through the e-commerce and payments markets. - FY2023-Q1RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It reiterates the diversification provided by a large number of merchants and the business’s sensitivity to the macroeconomic environment through the e-commerce and payments markets. - FY2022RestatedAnnual report
「Because our group has tens of thousands of merchants, its business structure is less dependent on any particular merchant but more susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It reiterates the structure’s low dependence on any particular merchant but susceptibility to macroeconomic conditions through the e-commerce and payments markets. - FY2022-Q3First statedAnnual report
「Because we have tens of thousands of merchants, our business has low dependence on any particular merchant, while its structure makes our performance susceptible to the impact of changes in the macroeconomic environment on the e-commerce and payments markets.」
It identifies as a risk the business structure’s low dependence on any particular merchant but susceptibility to changes in the overall e-commerce and payments markets.