Dependence on IT Systems and Risk of Prolonged Outages
First written in FY2018. 4 of 5 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 16 of 83 companies on the "Worse" side.
- FY2022RestatedAnnual report
「The Group’s business has become highly dependent on IT systems, from attracting customers via the internet and preventing fraud related to cash disbursements at stores, to managing individual products between purchase and sale, collecting market price data for purchases and sales, and conducting online auction sales.」
Dependence on IT systems across the business, including online auctions, and the risk of an impact on business results from outages longer than anticipated continue. - FY2021RestatedAnnual report
「Accordingly, the business can in some respects continue through coordinated action by employees if the systems are down for several days, but the Group’s business results may be affected if a system outage longer than anticipated, for example, occurs.」
Dependence on IT systems, including online auctions, and the risk of an impact on business results from outages longer than anticipated continue. - FY2020RestatedAnnual report
「The Group’s business has become highly dependent on IT systems, from attracting customers via the internet and preventing fraud related to cash disbursements at stores, to managing individual products between purchase and sale, collecting market price data for purchases and sales, and conducting online auction sales.」
As online auctions have moved into full operation, dependence on IT systems has expanded from customer acquisition and product management to the sales process itself. - FY2019RestatedAnnual report
「Accordingly, the business can in some respects continue through coordinated action by employees if the systems are down for several days, but the Group’s business results may be affected if a system outage lasting several months, for example, occurs.」
Dependence on IT systems and the impact on business results of prolonged outages continue to be identified as risks. - FY2018First statedAnnual report
「The Group’s business has become highly dependent on IT systems, from attracting customers via the internet and preventing fraud related to cash disbursements at stores, to managing individual products between purchase and sale and collecting market price data for purchases and sales.」
The Group’s dependence on IT systems across its business, including customer acquisition, fraud prevention, product management and market data collection, and the impact on business results of prolonged outages, have been identified for the first time.