Regulatory, market and liquidity risks in financial businesses, including Yahoo and PayPay
First written in FY2020-Q1. 2 of 5 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023WorsenedAnnual report
「The financial business provides cashless payment services such as QR-code payments and credit cards, develops and provides marketing solutions for merchants, offers financial services such as buy-now-pay-later and asset management, and provides payment processing services that offer an integrated solution for increasingly diverse payment methods, including credit cards, electronic money and QR codes.」
Following the addition of PayPay as a subsidiary, the financial business has been managed as an independent segment, expanding the scope of operations to include payments, cards, buy-now-pay-later, asset management and payment processing, as well as the risks relating to regulations, credit and liquidity. - FY2023-Q3WorsenedAnnual report
「In the market for financial businesses, including cashless payments in Japan, the shift toward cashless transactions is progressing in response to the advancement of economic measures by the government and local authorities and the spread of COVID-19. In this market environment, our group is working to review and enhance the functions of its cashless payment services and expand the number of merchants where those services can be used in order to provide users with highly convenient services. However, if the group fails to respond to changes in the market environment or regulations in a timely and appropriate manner, or if for any reason it becomes unable to provide services as expected or to retain or acquire customers, this may affect the group's business development, financial condition and results of operations.」
Following the consolidation and segmentation of financial businesses including PayPay, the disclosure specifies the expansion of cashless payment functions and merchant coverage, while detailing the risks of failing to respond to market and regulatory changes and of retaining and acquiring customers. - FY2020RestatedAnnual report
「Our group raises funds through bank borrowings and receivables securitization, among other means. It also uses leases for capital investment. Accordingly, if interest rates rise or the creditworthiness of the company or its subsidiaries declines, these funding costs may increase.」
The risks relating to bank borrowings, receivables securitization, leases, rising interest rates, declining creditworthiness and financial covenants have been reiterated. - FY2020-Q2RestatedAnnual report
「㈱ジャパンネット銀行 obtains funding by accepting short-term or demand deposits and invests those funds in loans with various maturities and securities. If, for any reason, customers were to make withdrawals in a concentrated manner, a maturity mismatch between funding and investment could arise, exposing the bank to liquidity risk.」
The risks relating to regulations, interest rates, foreign exchange, credit, market prices, liquidity resulting from deposit outflows and system failures in financial businesses including Yahoo! and PayPay have been reiterated. - FY2020-Q1First statedAnnual report
「Yahoo!マネー, operated by ヤフー㈱, and PayPay, operated by PayPay㈱, an affiliate of our group, are subject to the Funds Settlement Act. If these regulations are strengthened in the future, costs may increase as a result of strengthening or restructuring compliance systems and system capabilities, or the performance of the services may deteriorate. These factors may affect the group's business development, financial condition and results of operations.」
Following changes in the scope of consolidation of Yahoo!'s payment, card, foreign exchange and banking businesses and PayPay, the disclosure provides the first consolidated discussion of risks relating to regulations including the Funds Settlement Act, financial markets, credit, interest rates and foreign exchange, liquidity resulting from deposit outflows, and system failures.