Intensifying Competition
First written in FY2017-Q1. 5 of 12 entries say "Restated". Latest entry: FY2026.
Orient moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In recent years, amid intense competition with local financial institutions in the countries where it expanded, the Company prioritized securing earnings in its operations. As a result, the strengthening of risk management and governance systems did not progress sufficiently, leading to an increase in non-performing loans.」
States that intensifying competition led to earnings-focused operations in overseas businesses, inadequate risk management and governance, and an increase in non-performing loans. - FY2021WorsenedAnnual report
「The Company has adopted the practice of process innovation, the practice of digital innovation, and the strengthening of consulting-based sales as basic strategies and is working to establish systems for responding rapidly to changes in market conditions. However, in addition to lower fee rates resulting from intensifying competition, future operating performance and financial condition may be affected if the impact of the novel coronavirus disease on the economy becomes more severe.」
In addition to lower fee rates resulting from intensifying competition, the impact of the infectious disease on the economy has been explicitly identified as a factor in competitive and operating-performance risk. - FY2020WorsenedAnnual report
「Significant changes in the economic environment and lower fee rates resulting from intensifying competition, among other factors, may affect future operating performance and financial condition.」
For competitive-environment risk, explicitly identifies lower fee rates resulting from intensifying competition as an impact channel. - FY2019WorsenedAnnual report
「The retail finance market is significantly affected by trends in personal consumption. Changes in the competitive environment resulting from the rapid development of new technology-enabled financial services, in addition to lower profitability caused by intensified competition for market share resulting from a rapid deterioration in personal consumption and changes in transactions with high-quality business partners, may affect operating performance and financial condition.」
In addition to the previously cited intensifying competition triggered by deteriorating personal consumption, explicitly identifies the rapid development of new technology-enabled financial services as a factor affecting the competitive environment. - FY2019-Q3RestatedAnnual report
「In addition, the environment surrounding the Company has undergone significant changes, including the introduction of negative interest rates, publication by the Japanese Bankers Association of its agreement on lending to consumers by banks, a dramatic acceleration in efforts to increase the cashless payment ratio following the formulation of the Cashless Vision, and the development of proprietary payment services using advanced technologies by internet businesses and others.」
Continues to describe significant changes in the competitive and business environment, including the shift to cashless payments and the development of proprietary payment services by internet businesses. - FY2019-Q2ReframedAnnual report
「In addition, the environment surrounding the Company has undergone significant changes, including the introduction of negative interest rates, publication by the Japanese Bankers Association of its agreement on lending to consumers by banks, a dramatic acceleration in efforts to increase the cashless payment ratio following the formulation of the Cashless Vision, and the development of proprietary payment services using advanced technologies by internet businesses and others.」
The description of the competitive environment has expanded beyond general intensifying competition to include changes such as the shift to cashless payments and the development of advanced proprietary payment services by internet businesses. - FY2018-Q3RestatedAnnual report
「In auto loans, despite the severe competitive environment, business with used-car specialty dealers and auto leasing remained strong, and transaction volume was maintained at the previous year's level.」
While stating that the severe competitive environment continues in auto loans, it describes business with used-car specialty dealers and auto leasing as strong and says transaction volume was maintained at the previous year's level. - FY2018-Q2RestatedAnnual report
「In auto loans, despite the severe competitive environment, business with used-car specialty dealers and auto leasing remained strong, resulting in a slight increase in transaction volume.」
While stating that the severe competitive environment continues in auto loans, it describes business with used-car specialty dealers and auto leasing as strong. - FY2017WorsenedAnnual report
「The retail finance market is significantly affected by trends in personal consumption. A decline in profitability caused by intensified competition for market share resulting from a rapid deterioration in personal consumption, as well as changes in transactions with high-quality business partners, may affect operating performance and financial condition.」
Specifies the channels through which the competitive environment may have an impact, from intensified competition for market share triggered by a rapid deterioration in personal consumption to lower profitability and changes in transactions with high-quality business partners. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the fiscal year under review. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
Continues to state that there have been no material changes in existing business and other risks. - FY2017-Q2RestatedAnnual report
「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes in existing business and other risks, including the competitive environment. - FY2017-Q1First statedAnnual report
「Amid intensifying competition」
Describes operations in the bank guarantee business on the assumption that the competitive environment will intensify. Intensifying competition is also cited as a factor behind the decline in revenue in the point-of-sale installment finance business.