Risk of Reduced Capital Expenditure and Project Delays or Cancellations Due to Economic Fluctuations
First written in FY2018. 2 of 4 entries say "Restated". Latest entry: FY2023-Q1.
Kanda Tsushinki moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 4 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2023-Q1MaterialisedAnnual report
「In addition to an opening order backlog below the previous year’s level, the scheduled construction periods for projects expected to generate revenue were postponed, and short-lead-time projects did not progress as scheduled. As a result, revenue fell short of plan.」
The company states that construction-period postponements for projects expected to generate revenue actually occurred and that short-lead-time projects also failed to progress as scheduled, causing revenue to fall short of plan. The text does not explicitly state a causal relationship between these factors and economic fluctuations. - FY2022RestatedAnnual report
「However, depending on economic conditions, customers may restrain capital investment and other spending, and planned projects may be postponed or canceled, which could affect business performance.」
The company continues to identify the risk of restrained capital investment and project postponements or cancellations due to economic fluctuations. - FY2021RestatedAnnual report
「However, depending on economic conditions, customers may restrain capital investment and other spending, and planned projects may be postponed or canceled, which could affect business performance.」
The company continues to identify the risk of restrained capital investment and project postponements or cancellations due to economic fluctuations. - FY2018First statedAnnual report
「Depending on economic conditions, customers may restrain capital investment and other spending, and planned projects may be postponed or canceled, which could affect business performance.」
The company explicitly identifies, for the first time, customers’ restraint of capital investment and the postponement or cancellation of planned projects resulting from an economic downturn as risks to business performance.