Dependence on Manufacturing Capital Investment and R&D Trends
First written in FY2017. 14 of 28 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 6 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Research and development at customer companies remained solid.」
The company continued to explain that research and development at customer companies remained solid. - FY2026-H1RestatedAnnual report
「Research and development at customer companies remained solid.」
The company continues to explain that major customers’ R&D activities are solid and demand for engineers is strong. - FY2025MitigatedAnnual report
「Among our major customer automobile-related manufacturers, development of electric vehicles, hybrid vehicles, fuel-cell vehicles and other vehicles aimed at achieving carbon neutrality was active, progressing at a faster pace than last year. In addition, demand for engineers from semiconductor manufacturing equipment manufacturers was strong due to growing demand for semiconductors for generative AI.」
Development demand and requests for engineers are strong among major customers in the automotive and semiconductor manufacturing equipment sectors. The company continues to explain that the demand environment is improving relative to the risk of dependence on customers’ capital investment and R&D trends. - FY2025-H1MitigatedAnnual report
「Among our major customer automobile-related manufacturers, development of electric vehicles, hybrid vehicles, fuel-cell vehicles and other vehicles aimed at achieving carbon neutrality was active, progressing at a faster pace than last year. In addition, demand for engineers from semiconductor manufacturing equipment manufacturers was strong due to growing demand for semiconductors for generative AI.」
Development demand and requests for engineers are strong among major customers in the automotive and semiconductor manufacturing equipment sectors. Against the dependence risk premised on reductions in customer capital investment and R&D, the demand environment is described as improving. - FY2025-Q1MitigatedAnnual report
「Our major customer manufacturers have continued to indicate a policy of increasing research and development budgets. Development appetite has remained strong across all industries, and demand for engineers from customer companies exceeds the number we can supply.」
The company states that major customers continue to move toward increasing R&D budgets, development appetites are strong across a broad range of industries, and requests for engineers exceed the number available for assignment. Against the dependence risk premised on reductions in customer capital investment and R&D, the demand environment is described as improving. - FY2024MitigatedAnnual report
「Across all industries, including automobile-related manufacturers and semiconductor manufacturing equipment manufacturers, our major customers, development appetite remained strong and demand for engineers was active.」
The company states that development appetites and demand for engineers are strong across a broad range of industries, including major customers, and that the demand environment is improving relative to the dependence risk premised on reductions in customer capital investment and R&D. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risk of dependence on capital investment and R&D trends in the manufacturing sector. - FY2024-Q2MitigatedAnnual report
「Major customers, including automobile-related manufacturers and semiconductor manufacturing equipment manufacturers, continued to show strong development appetite, and demand for engineers was strong.」
The company continues to state that major customers have strong development appetites and robust demand for engineers, and that the demand environment is improving relative to the risk of dependence on customers’ capital investment and R&D trends. - FY2023MitigatedAnnual report
「Although some client companies experienced weaker performance due to COVID-19, the situation in Russia and Ukraine, fluctuations in resource prices and exchange rates, and other factors, there was no material impact on the company's business environment.」
Although factors that could cause customer companies’ performance to fall short are described, the company explains that there was no material impact on its business environment. Requests for engineers from the automotive and semiconductor industries were also strong. - FY2023-Q3MitigatedAnnual report
「Requests for engineers from the company’s major customers in the automotive and semiconductor industries continued to remain solid.」
Requests for engineers from the automotive and semiconductor industries, which are major customers, remained solid. The company continues to state that the demand environment is improving relative to the risk of dependence on customers’ R&D and capital investment trends. - FY2023-Q2MitigatedAnnual report
「Requests for engineers from the automotive and semiconductor industries remained solid. In particular, demand for engineers involved in carbon-neutral technologies, including next-generation EV batteries, was strong.」
The company states that requests for engineers from its major customers in the automotive and semiconductor industries remained solid and that demand for R&D, including next-generation EV batteries, was strong. Against the dependence risk premised on reductions in customer capital investment and R&D, demand trends are described as improving. - FY2023-Q1MitigatedAnnual report
「The company’s major manufacturing customers continue to indicate that they intend to increase their R&D budgets.」
The company states that its major manufacturing customers continue to indicate that they intend to increase their R&D budgets. Against the customer-dependence risk premised on reductions in capital investment and R&D, demand trends are described as improving. - FY2022RestatedAnnual report
「The company’s primary customers are manufacturers, and it mainly dispatches engineers to their design and development divisions. If these major customers are affected by an economic downturn or other factors in the countries or regions where they operate, reduce capital investment and R&D, and reduce their use of external engineers, this could affect the company’s financial position and operating results.」
The company continues to describe the risk of dependence on capital investment and R&D by manufacturers, particularly automakers, and on the use of external engineers. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risk of dependence on capital investment and R&D trends in the manufacturing sector. - FY2022-Q2MitigatedAnnual report
「In the automotive industry, research and development of electric vehicles (EVs) and fuel-cell vehicles (FCVs) in response to CASE and the government's policy of decarbonization was notable. In the semiconductor industry, design and development of semiconductors and semiconductor manufacturing equipment required for electronic devices used in vehicle electrification, IoT, telework and other applications was active.」
The company states that R&D in EVs, FCVs, semiconductors, and other areas was particularly active in the automotive and semiconductor industries, which are major customers. Against the dependence risk premised on reductions in customer capital investment and R&D, demand trends are described as improving. - FY2022-Q1MitigatedAnnual report
「Our major customer manufacturers have indicated a policy of increasing research and development budgets.」
The company states that its major manufacturing customers indicated they would increase their R&D budgets. Against the existing risk premised on reductions in capital investment and R&D, customer trends are described as improving. - FY2021-Q3MaterialisedAnnual report
「Contract expirations occurred at the end of September, following those at the end of June, causing the utilization rate to fall below the year-earlier period, but the number of deployed engineers exceeded the year-earlier period as the number of engineers exceeded the year-earlier period.」
The company states that contracts with major customers expired at the end of September, following expirations at the end of June, and that the utilization rate fell below the year-earlier level. - FY2021-Q2MitigatedAnnual report
「Japan's economy during the cumulative second-quarter period remained in a difficult situation due to the impact of COVID-19, but our major customers, the manufacturers, have indicated a policy of maintaining research and development budgets at their usual levels.」
The company states that its major manufacturing customers indicated they would maintain their R&D budgets at their usual levels. Against the existing risk premised on reductions in R&D budgets, current customer trends are described as moving toward maintaining those budgets. - FY2021-Q1MaterialisedAnnual report
「Demand from manufacturers, our major customers, for engineers for forward-looking development projects remained at normal levels during the first half of the cumulative first-quarter period, but was subsequently restrained in the second half.」
During the second half of the quarter, a situation arose in which requests for engineers for advanced development projects from major manufacturing customers were curtailed. - FY2020WorsenedAnnual report
「If these major customers are affected by an economic downturn or other factors in the countries or regions where they operate, reduce capital investment and R&D, and reduce their use of dispatched engineers, this could affect the company’s financial position and operating results. In addition, if there is a significant change in the business environment or other conditions affecting automakers related to the automotive industry, which account for a high proportion of the company’s revenue, this could affect the company’s financial position and operating results.」
In addition to the existing risk of reduced capital investment and R&D in the manufacturing sector, the company explicitly stated the potential impact of changes in the business environment of automakers related to the automotive industry, which account for a high proportion of revenue. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes in the risk of dependence on capital investment and R&D trends in the manufacturing sector. - FY2019RestatedAnnual report
「The company’s primary customers are manufacturers, and it mainly dispatches engineers to their design and development divisions. If manufacturers reduce capital investment and R&D to cut expenses and reduce their use of dispatched engineers, this could affect the company’s financial position and operating results.」
The company continues to describe the potential impact on operating results of reduced capital investment and R&D by manufacturers and reduced use of dispatched engineers. - FY2018RestatedAnnual report
「The company’s primary customers are manufacturers, and it mainly dispatches engineers to their design and development divisions. If manufacturers reduce capital investment and R&D to cut expenses and reduce their use of dispatched engineers, this could affect the company’s financial position and operating results.」
The company continues to identify as a risk the potential impact on operating results of reduced capital investment and R&D by manufacturers and reduced use of dispatched engineers. - FY2017First statedAnnual report
「The company’s primary customers are manufacturers, and it mainly dispatches engineers to their design and development divisions. If manufacturers reduce capital investment and R&D to cut expenses and reduce their use of dispatched engineers, this could affect the company’s financial position and operating results.」
Given its business structure centered on manufacturers as its primary customers, the company describes the potential impact of customer reductions in capital investment, R&D, and the use of dispatched engineers.