Risks from Intensifying Competition, FinTech and Financial-Sector Consolidation
First written in FY2016. 8 of 11 entries say "Restated". Latest entry: FY2026.
Resona Holdings 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".
- FY2026WorsenedAnnual report
「Declining competitiveness accompanying transformations in social and industrial structures and the economic environment; declining advantage and sustainability of existing business models due to changes in the assumptions underlying competition」
The risk of intensifying competition has been expanded beyond deregulation and FinTech to include the decline in the advantages of existing business models due to the use of AI, the transition away from deflation and the acceleration of SX, and is positioned as a top risk. - FY2021RestatedAnnual report
「In recent years, the business environment has become increasingly challenging due to the deregulation of the financial industry, the progress of financial innovation in anticipation of digital transformation, and the integration, restructuring and business alliances of financial institutions.」
It continues to identify changes in the competitive environment as a top risk arising from deregulation, digitalisation and financial industry restructuring. - FY2020Designation as a top riskAnnual report
「① Changes in the competitive environment (social and industrial structures) — risks affecting overall business strategy」
It positions changes in the competitive environment resulting from deregulation, FinTech and financial industry restructuring as a top risk affecting overall business strategy, and states that it will respond by deepening existing businesses and pursuing the transition beyond traditional banking. - FY2019RestatedAnnual report
「In recent years, the business environment has become increasingly challenging due to the deregulation of the financial industry, the progress of financial innovation represented by FinTech, and the integration, restructuring and business alliances of financial institutions.」
It continues to identify the risk of intensifying competition due to deregulation, FinTech and the restructuring of financial institutions. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risks related to intensifying competition, FinTech and financial industry restructuring. - FY2018RestatedAnnual report
「In recent years, the business environment has become increasingly challenging due to the deregulation of the financial industry, the progress of financial innovation represented by FinTech, and the integration, restructuring and business alliances of financial institutions.」
It continues to identify the risk of intensifying competition due to deregulation, FinTech, and the integration and restructuring of financial institutions. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risks related to intensifying competition, FinTech and financial industry restructuring. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risks related to intensifying competition, FinTech and financial industry restructuring. - FY2017-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no significant changes in matters relating to the business and accounting conditions described in this quarterly report that could materially affect investors' decisions, nor in the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risks related to intensifying competition, FinTech and financial industry restructuring. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risks related to intensifying competition, FinTech and financial industry restructuring. - FY2016First statedAnnual report
「The business environment is becoming increasingly challenging due to the deregulation of the financial industry, the progress of financial innovation represented by FinTech, and the integration, restructuring and business alliances of financial institutions.」
It identifies intensifying competition driven by financial innovation, industry restructuring and business alliances, as well as the possibility of deteriorating performance if the strategic response is inadequate.