Intensifying Competition Driven by Cashless Payments and New Entrants from Other Industries
First written in FY2017-Q2. 9 of 14 entries say "Restated". Latest entry: FY2024.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「The competitive environment for consumer credit surrounding the Group is changing rapidly, not only due to competitors in the same industry but also due to the entry of companies from other industries and fintech companies.」
Changes in the competitive environment caused by the entry of competitors in the same industry, companies from other industries and fintech companies continue to be identified as major risks. - FY2024-Q2RestatedAnnual report
「In Vietnam, the stagnation of the four-wheel and two-wheel vehicle markets and intensified efforts by competitors continued, resulting in a decline in transaction volume.」
The difficult competitive environment caused by competitors' intensified efforts continued to be reflected in declining transaction volume for four-wheel and two-wheel vehicles in Vietnam. - FY2024-Q1MaterialisedAnnual report
「In Vietnam, transaction volume declined as the four-wheel and two-wheel vehicle markets stagnated and competitors intensified their efforts.」
The risk of intensifying competition once again materialised in actual results through declining transaction volume in Vietnam's four-wheel and two-wheel vehicle businesses. - FY2023ReframedAnnual report
「The competitive environment for consumer credit surrounding the Group is changing rapidly, not only due to competitors in the same industry but also due to the entry of companies from other industries and fintech companies.」
The risk of intensifying competition has been reorganised to include, in addition to the shift to cashless payments and entry by companies from other industries, the entry of fintech companies and delays in developing new services and improving operational efficiency through digital transformation. - FY2020-Q3RestatedAnnual report
「In Cambodia, transaction volume and operating revenue increased amid intensifying competition as a result of acquiring new partner companies, expanding share among existing business partners, and implementing various measures.」
While intensifying competition continued in Cambodia, transaction volume and operating revenue increased through the acquisition of new partner companies, expansion of share among existing business partners, and various measures. - FY2020-Q2WorsenedAnnual report
「In Cambodia, transaction volume and operating revenue increased as the company strengthened initiatives with partner companies and developed new business opportunities amid intensifying competition.」
While intensifying competition was noted in Cambodia, transaction volume and operating revenue increased as a result of stronger initiatives with partner companies and new business development. - FY2019-Q3RestatedAnnual report
「In Vietnam, volume handled declined because of intensifying competition and other factors, but transaction volume in the core motorcycle loan business moved toward recovery in the third quarter as the company opened loan counters, implemented various initiatives and strengthened its sales structure.」
Although the decline in transaction volume in Vietnam due to intensifying competition continues, transaction volume began to recover in the third quarter. - FY2019-Q2RestatedAnnual report
「In Vietnam, the company opened new loan counters and conducted various promotions, but intensifying competition caused the core motorcycle loan business and other products to underperform, reducing volume handled.」
The disclosure continues to describe intensifying competition as reflected in declining transaction volume in Vietnam's core motorcycle-loan business. - FY2019-Q1MaterialisedAnnual report
「In Vietnam, the company opened new loan counters and conducted various promotions to expand the business, but intensifying competition slowed the momentum of motorcycle loans and reduced volume handled.」
The disclosure states that the risk of intensifying competition associated with the shift to cashless payments and entry by companies from other industries has materialised in the business through a slowdown in Vietnam's motorcycle-loan business and a decline in transaction volume. - FY2018-Q3RestatedAnnual report
「The environment surrounding the Group is becoming increasingly cashless, driven by the expansion of the e-commerce market and the spread of contactless electronic money and smartphone payment services using fintech. Competition is intensifying in the comprehensive payments services sector.」
The disclosure continues to describe the spread of e-commerce, contactless electronic money and fintech-enabled smartphone payments, as well as intensifying competition in the comprehensive payments services sector. - FY2018-Q2RestatedAnnual report
「The environment surrounding the Group is becoming increasingly cashless, driven by the expansion of the e-commerce market and the spread of contactless electronic money and smartphone payment services using fintech. Competition in the payments business is intensifying.」
The disclosure continues to describe the spread of e-commerce, contactless electronic money and fintech-enabled smartphone payments, as well as intensifying competition in payments. - FY2018-Q1RestatedAnnual report
「The environment surrounding the Group is becoming increasingly cashless, driven by the expansion of the e-commerce market and the spread of contactless electronic money and smartphone payment services using fintech. Competition in the payments business is intensifying.」
The disclosure continues to describe the spread of e-commerce, contactless electronic money and fintech-enabled smartphone payments, as well as intensifying competition. - FY2017-Q3RestatedAnnual report
「The environment surrounding the Group is becoming increasingly cashless, driven by the expansion of the e-commerce market and the spread of contactless electronic money. Further growth in mobile payments is expected, and competition in the payments business is intensifying.」
The disclosure continues to describe the shift to cashless payments and intensifying competition in the payments business, and adds the expected further spread of mobile payments. - FY2017-Q2First statedAnnual report
「The environment surrounding our Group is becoming increasingly competitive as cashless payments advance through the expansion of the e-commerce market, the spread of prepaid cards and the introduction of contactless payments, while more companies from other industries enter the market.」
The shift to cashless payments through e-commerce, prepaid cards and contactless payments, together with the increasing entry of companies from other industries, is described as intensifying competition.