Risks of EC system failures, cyberattacks and price competition
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2023-Q3.
1 other company's latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risks of e-commerce system failures, cyberattacks and price competition. - FY2020MaterialisedAnnual report
「In recent years, advertising costs for listing ads have remained high due to fluctuations in search rankings resulting from repeated changes to search engine algorithms. In addition, profitability has deteriorated due to price-cutting campaigns to compete with the selling prices of competing websites.」
The deterioration in e-commerce profitability due to fluctuations in search rankings, persistently high advertising costs and price competition continued, ultimately leading to the transfer of the business. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risks of e-commerce system failures, cyberattacks and price competition. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risks of e-commerce system failures, cyberattacks and price competition. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes concerning newly arising risks or material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risks of e-commerce system failures, cyberattacks and price competition. - FY2018First statedAnnual report
「We recognize that e-commerce is a business model with intense competition because its barriers to entry are low, as anyone can start a business easily with limited investment.」
Risks to the e-commerce business include system failures, unauthorized access, price cuts by competitors, higher advertising and logistics costs, and product defects.