Intensifying purchasing competition due to new market entrants
First written in FY2018. 4 of 7 entries say "Worsened", first in FY2020. Latest entry: FY2024-Q3.
Valuence Holdings moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2024-Q3WorsenedAnnual report
「This was due to factors including higher procurement unit prices as purchasing competition intensified and the decline in the retail gross margin during the cumulative second-quarter period, but the Company switched to purchasing with an emphasis on the gross margin from the third-quarter period, improving the gross margin for the third-quarter period by 3.1 percentage points from the second-quarter period to 25.5%.」
The increase in procurement unit prices accompanying intensified purchasing competition was identified as a factor behind the decline in the gross margin. Meanwhile, the Company switched to purchasing with an emphasis on the gross margin from the third-quarter period. - FY2024-Q2WorsenedAnnual report
「This was due to factors including higher procurement unit prices as purchasing competition intensified, a lower-than-usual retail gross margin resulting from sales of higher-priced products and other factors, and an increase in the sales mix of precious metals.」
The increase in procurement unit prices accompanying intensified purchasing competition is explicitly identified, with intensified competition emerging as a factor behind the decline in the gross margin. - FY2022RestatedAnnual report
「The Group primarily competes with other companies in the purchasing of products. The Company plans to enhance its competitiveness and differentiate itself from competitors by strengthening marketing, opening stores in highly convenient locations, improving service quality at stores and providing continuous employee training.」
The Company continues to address intensifying purchasing competition through marketing, store openings, service quality and employee training. - FY2021WorsenedAnnual report
「Purchasing from general consumers remains highly competitive, while numerous auctions for businesses, including small-scale auctions, have proliferated on the sales side. Corporate restructuring through new market entry and M&A is also expected to accelerate.」
In addition to purchasing competition, the competitive environment includes the proliferation of auctions for businesses, new market entry and accelerated corporate restructuring through M&A. - FY2020WorsenedAnnual report
「The reuse and recycling market is becoming increasingly active, led by the expansion and broader adoption of flea market apps. As companies grow and the number of new market entrants increases, purchasing competition is expected to intensify further, while collaboration with other industries and the acceptance of capital investment are also expected to advance.」
The potential for intensified competition due to the broader adoption of flea market apps, an increase in new market entrants, collaboration with other industries and the acceptance of capital investment has been identified. - FY2019RestatedAnnual report
「However, if competition intensifies further due to new market entrants, the Group's operating performance may be affected.」
The risk of intensifying purchasing competition due to new market entrants continues to be disclosed. - FY2018First statedAnnual report
「However, if competition intensifies further due to new market entrants, the Group's operating performance may be affected.」
Intensifying purchasing competition due to new market entrants in the reuse industry has been identified explicitly as an independent risk for the first time.