Inbound Platform Corp.

If the number of foreign visitors to Japan decreases due to unforeseen circumstances such as natural disasters, infectious disease outbreaks, or international conflicts, this could have a significant impact on the Group's business and results of operations. As a countermeasure, the company is working to diversify risk by adding foreign residents in Japan and domestic companies as business targets, striving to limit the impact on business results.

The company holds licenses and permits such as notifications under the Telecommunications Business Act, real estate transaction business license, Type 2 travel agency registration, private vehicle for-hire lending business permit, and Privacy Mark, and if there are amendments to related laws and regulations or violations of laws and regulations, it may become impossible to continue some services. The impact is assessed as significant, and as a countermeasure, the company has established manuals and guidelines under the guidance of its legal counsel, thoroughly ensuring legal compliance and timely renewal of licenses and permits.

In the Wi-Fi terminal rental service, there is a possibility that procurement terms for communication services and terminals from telecom carriers and others may be changed to less favorable conditions than before. Deterioration in procurement terms poses a risk of directly affecting operating results and financial condition; as a countermeasure, the company is working to build close relationships with existing business partners and diversify suppliers.

Competitors exist in each of the Mobile Network Business, Life Media Tech Business, and Camper Van Business fields, and intensifying competition, including new entrants from different industries, may lead to a decline in profitability and an increase in advertising expenses. On the other hand, the company assesses that certain barriers to entry exist due to factors such as the establishment of multilingual websites and customer support systems, brand recognition, and accumulated e-commerce know-how.