Reduction in Advertising and Promotional Budgets Due to Economic Fluctuations
First written in FY2024. 1 of 3 entries say "Worsened", first in FY2025. Latest entry: FY2026.
The whole theme swung hardest in 2020: 7 of 17 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In our group, the HR Business, Media PR Business and Public-Private Co-creation Business in particular provide services based on orders funded by customers’ advertising and recruitment budgets. If economic sentiment deteriorates significantly, this may affect our group’s results.」
Continues to disclose the risk from economic fluctuations through dependence on advertising and recruitment budgets. - FY2025WorsenedAnnual report
「In our group, the HR Business, Media PR Business and Public-Private Co-creation Business in particular provide services based on orders funded by customers’ advertising and recruitment budgets. If economic sentiment deteriorates significantly, this may affect our group’s results.」
In addition to advertising budgets, dependence on recruitment budgets is now explicitly disclosed, including for the HR Business. - FY2024First statedAnnual report
「If economic sentiment deteriorates significantly, this may affect our group’s results.」
Explains that the Media PR Business and Public-Private Co-creation Business are affected by customers’ advertising-related budgets.