Changes in the Japanese Economy and Clients' International Expansion Policies
First written in FY2016. 5 of 14 entries say "Restated". Latest entry: 2026-08-07.
Open Up Group moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 8 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「During the interim consolidated fiscal period, the defense, aircraft and plant sectors remained firm against a backdrop of policy support and international conditions, while some restraint on investment was seen in the semiconductor manufacturing equipment sector. In the automotive sector, moves to avoid the impact of tariffs have become evident, and demand for personnel is expected to remain sluggish during the current fiscal year.」
Demand diverged across fields in the machinery and electrical sectors. Investment restraint in semiconductor manufacturing equipment and moves to avoid the impact of tariffs in the automotive sector are expected to keep demand for personnel sluggish during the current fiscal year. - FY2023MitigatedAnnual report
「Although the impact of infections with the novel coronavirus has subsided, if the virus again affects customer companies’ activities or circumstances arise that restrict employees’ economic activity, the Group’s operating results and financial position could be affected.」
While stating that the impact of the infectious disease has subsided and there is currently almost no impact on business activities, the disclosure identifies the impact on customer activities and employees’ economic activity in the event of a recurrence as a remaining risk. - FY2023-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year. The impact on the business of the spread of the novel coronavirus disease and the worsening situation in Ukraine will continue to be closely monitored.」
While stating that there were no new risks or material changes, the Group continues to monitor the impact on the business of the spread of the infectious disease and the worsening situation in Ukraine. - FY2023-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year. The impact on the business of the spread of the novel coronavirus disease and the worsening situation in Ukraine will continue to be closely monitored.」
While stating that there were no new risks or material changes, the Group continues to monitor the impact on the business of the spread of the infectious disease and the worsening situation in Ukraine. - FY2022Economic recovery alongside instability in global conditionsAnnual report
「During the consolidated fiscal year, the economy was recovering from the impact of the novel coronavirus disease on the global and Japanese economies, while instability in global conditions, including the situation in Ukraine, became evident. Conditions in manufacturing, services and overall consumption remained unpredictable.」
While the economy was recovering from the impact of the novel coronavirus disease, instability in global conditions, including the situation in Ukraine, emerged as a new source of uncertainty. - FY2021MitigatedAnnual report
「Although the impact of the spread of the novel coronavirus disease on the global and Japanese economies remains unpredictable, demand from customer companies remains strong for the Group’s businesses of temporary staffing and contracting, particularly in Japan’s technical fields.」
Although uncertainty remains regarding the global and Japanese economies, the Group indicated that customer demand was strong in Japan’s technical fields and disclosed a recovery from the demand slump in the previous fiscal year. - FY2021-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year. The impact on the business of the spread of the novel coronavirus disease (COVID-19) will continue to be closely monitored.」
While stating that there were no new business or other risks or material changes, the disclosure says that the impact of the spread of the novel coronavirus disease on the business will continue to be closely monitored. - FY2020WorsenedAnnual report
「During the fourth quarter of the consolidated fiscal period, the novel coronavirus disease spread, economic activity was restricted worldwide and the domestic manufacturing industry suffered serious damage. Although signs of a bottoming-out have appeared in some areas, the real economy remains in a period of significant deterioration, and with no end to the pandemic in sight, the Group remains exposed to an uncertain economic environment.」
Risks related to the domestic economy and customers’ business activities emerged more broadly and severely than in the previous quarter, in the form of worldwide restrictions on economic activity caused by the pandemic and serious damage to the domestic manufacturing industry. - FY2020-Q3MaterialisedAnnual report
「In Japan, demand for automotive personnel began to change around summer 2019, resulting in a decline in overtime hours and the start of short-term budget adjustments.」
Changes in demand for personnel in Japan’s automotive sector, declining overtime hours and short-term budget adjustments actually occurred and emerged as factors affecting utilisation rates and performance. - FY2019RestatedAnnual report
「Accordingly, major fluctuations in the Japanese economy or changes in client companies’ international expansion policies could have a material effect on the Group’s business performance.」
The risks of fluctuations in the Japanese economy and changes in customer companies’ overseas expansion policies, arising from dependence on domestic sites, continue to be disclosed. - FY2017RestatedAnnual report
「Accordingly, major fluctuations in the Japanese economy or changes in client companies’ international expansion policies could have a material effect on the Group’s business performance.」
The risks of domestic economic fluctuations and changes in customers’ overseas expansion policies, arising from dependence on domestic development, design and manufacturing sites, continue to be disclosed. - FY2016First statedAnnual report
「Accordingly, major fluctuations in the Japanese economy or changes in client companies’ international expansion policies could have a material effect on the Group’s business performance.」
Dependence on domestic development, design, and manufacturing sites creates exposure to economic fluctuations and changes in clients’ international expansion policies.