Risk of E-Commerce Market Contraction Due to Slowing Growth and Legal Regulations
First written in FY2021. 11 of 13 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 1 of 7 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the matters concerning business conditions, financial conditions and other items described in this interim report that management recognizes as major risks potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, nor in the “Business and Other Risks” described in the securities report for the previous consolidated fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the matters concerning business conditions, financial conditions and other items described in this interim report that management recognizes as major risks potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, nor in the “Business and Other Risks” described in the securities report for the previous consolidated fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2024Addition of a new business-model riskAnnual report
「In addition, if the merchandise e-commerce market centered on platforms such as Amazon and Rakuten were to contract due to the rise of new business models, including factory-direct sales models represented by Chinese companies, this could affect the financial position and operating results of the Group.」
Adds the potential contraction of the merchandise e-commerce market due to factory-direct sales models used by Chinese companies as a risk, in addition to slowing market growth and regulatory risks. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the matters described under “Business and Other Risks” in the annual securities report for the previous consolidated fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the matters described under “Business and Other Risks” in the annual securities report for the previous consolidated fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the matters described under “Business and Other Risks” in the annual securities report for the previous consolidated fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the matters described under “Business and Other Risks” in the annual securities report for the previous consolidated fiscal year.」
States that there have been no material changes regarding the risk of slowing growth in the e-commerce market and market contraction due to regulations. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the matters described under “Business and Other Risks” in the annual securities report for the previous consolidated fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the matters described under “Business and Other Risks” in the annual securities report for the previous consolidated fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2022-Q2RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the company, among the matters concerning the business and accounting conditions described in the quarterly report, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The note states that there were no material changes in the risk of slower growth or market contraction due to legal and regulatory requirements in the e-commerce market. - FY2021First statedAnnual report
「If rapid growth causes adverse effects that impair stability or reliability, or if the number of internet users and the e-commerce market fail to grow steadily due to legal regulations or other factors, this could affect our financial position and operating results.」
For the e-commerce market, which is expected to expand, the note identifies declining stability and reliability and slower growth due to legal and regulatory requirements as risks.