A more challenging operating environment as fintech companies gain prominence
First written in FY2018. 5 of 7 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 11 of 20 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It was stated that there had been no significant changes or new developments since the previous fiscal year in operating-environment risks, including the rise of fintech companies and digitalization. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It was stated that there had been no significant changes or new developments since the previous fiscal year in operating-environment risks, including the rise of fintech companies and digitalization. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It was stated that there had been no significant changes or new developments since the previous fiscal year in operating-environment risks, including the rise of fintech companies and digitalization. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It was stated that there had been no significant changes or new developments since the previous fiscal year in operating-environment risks, including the rise of fintech companies and digitalization. - FY2019ReframedAnnual report
「In addition, the financial environment has been undergoing major changes, including the prolonged low-interest-rate environment and accelerating digitalization, making a transformation of the earnings structure a major challenge for our bank.」
The wording was revised from the previous fiscal year's reference to the rise of fintech companies to changes in the financial environment, including the acceleration of digitalization. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no material changes to, or newly arising risks among, the business and other risks that could materially affect investors’ decisions, compared with the descriptions in the annual securities report for the previous fiscal year.」
It was stated that there had been no significant changes or new developments since the previous fiscal year in operating-environment risks, including the rise of fintech companies. - FY2018First statedAnnual report
「As the operating environment becomes more challenging because of the prolonged low-interest-rate environment resulting from the Bank of Japan’s continued negative-interest-rate policy and the emergence of fintech companies, strengthening earnings power has become a major challenge for the bank.」
The emergence of fintech companies is identified, alongside prolonged low interest rates, as a new source of pressure in the operating environment.