Intensifying competition driven by technological advances and new market entrants
First written in FY2016. 3 of 6 entries say "Worsened", first in FY2022. Latest entry: FY2025.
AEON Financial Service moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「As cashless payments and online transactions expand, financial crime methods are becoming more advanced, complex and sophisticated.」
In addition to intensifying competition in payment services, the company reports that financial crime is becoming more advanced, complex and sophisticated with digitalization. - FY2024WorsenedAnnual report
「In cashless payments, which expanded during the COVID-19 pandemic, competition among competitors to provide more attractive and convenient services has intensified, further accelerating changes in the payments services environment, the company's principal business area.」
The company specifies that the intensified competition concerns convenience and pricing among competitors in cashless payments. - FY2022WorsenedAnnual report
「Competition is intensifying in Japan and other Asian countries as telecommunications carriers and e-commerce operators increasingly develop into platform operators and super apps emerge.」
In addition to the existing risks from FinTech and entrants from other industries, the company identifies intensified competition from telecommunications carriers, e-commerce operators and super apps. - FY2019-Q4RestatedAnnual report
「The competitive environment has become more challenging due to new competition arising from the entry into the financial sector of IT platform operators with extensive personal information and companies from other industries with technologies such as FinTech.」
The company reconfirms that intensifying competition from IT platform operators and companies from other industries entering the financial sector is a specific example of the existing risk associated with technological advances and new market entrants. - FY2017RestatedAnnual report
「Companies with platforms are increasingly entering the financial industry, intensifying competition, and further transformation across the financial industry is expected to continue.」
The company reports that, in addition to technological advances and new market entrants, competition is intensifying as platform companies enter the financial industry. - FY2016First statedAnnual report
「If competition intensifies in the industries in which the Group operates due to technological advances, new market entrants or other factors, and the Group is unable to respond adequately, its business, performance and financial condition may be affected.」
The company identifies an inadequate response to intensifying competition resulting from technological advances and new market entrants as a risk.