Declining Contract Amounts and Intensifying Competition
First written in FY2017. 6 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 29 of 54 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group will continue to address the needs of existing business partners, seek to maintain stable ongoing transactions, and work to acquire new customers, while striving to prevent a decline in the value of the Group's contracts. However, if the business environment changes, or competition with other companies in the same industry intensifies because the Group is unable to maintain competitive services or adequately address customer needs, the value of its contracts may decline, potentially affecting the Group's operating performance and financial condition.」
The Group has reaffirmed its policy of preventing declines in contract values by maintaining existing transactions and acquiring new customers, as well as the risk of declines caused by intensifying competition and other factors. - FY2023RestatedAnnual report
「The Group will continue to address the needs of existing business partners, seek to maintain stable ongoing transactions, and work to acquire new customers, while striving to prevent a decline in the value of the Group's contracts. However, if the business environment changes, or competition with other companies in the same industry intensifies because the Group is unable to maintain competitive services or adequately address customer needs, the value of its contracts may decline, potentially affecting the Group's operating performance and financial condition.」
The Group has reaffirmed its policy of preventing declines in contract values by continuing transactions with existing customers and acquiring new customers, as well as the risk of declines caused by intensifying competition and other factors. - FY2022RestatedAnnual report
「The Group will continue to address the needs of existing business partners, seek to maintain stable ongoing transactions, and work to acquire new customers, while striving to prevent a decline in the value of the Group's contracts. However, if the business environment changes, or competition with other companies in the same industry intensifies because the Group is unable to maintain competitive services or adequately address customer needs, the value of its contracts may decline, potentially affecting the Group's operating performance and financial condition.」
The Group has reaffirmed its policy of preventing declines in contract values by maintaining existing transactions and acquiring new customers, as well as the risk of declines caused by intensifying competition and other factors. - FY2021RestatedAnnual report
「The Group will continue to address the needs of existing business partners, seek to maintain stable ongoing transactions, and work to acquire new customers, while striving to prevent a decline in the value of the Group's contracts. However, if the business environment changes, or competition with other companies in the same industry intensifies because the Group is unable to maintain competitive services or adequately address customer needs, the value of its contracts may decline, potentially affecting the Group's operating performance and financial condition.」
The Group has reaffirmed its policy of preventing declines in contract values by maintaining transactions with existing customers and acquiring new customers, as well as the risk of declines caused by intensifying competition and other factors. - FY2020RestatedAnnual report
「If the business environment changes, if we are unable to maintain competitive services, or if competition with peers intensifies because we cannot adequately respond to customer needs, contract prices may decline, potentially affecting our group's operating results and financial position.」
The company reiterates the risk of declining contract prices due to intensifying competition and an inadequate response to customer needs. - FY2020-Q2WorsenedAnnual report
「Competition to secure highly capable engineers with up-to-date technologies and broad expertise is intensifying.」
The company states that competition to secure engineers with up-to-date technologies and broad expertise is intensifying. - FY2019RestatedAnnual report
「If the business environment changes, if we are unable to maintain competitive services, or if competition with peers intensifies because we cannot adequately respond to customer needs, contract prices may decline, potentially affecting our group's operating results and financial position.」
The company reiterates the risk of declining contract prices due to intensifying competition and an inadequate response to customer needs. - FY2017First statedAnnual report
「However, if the business environment changes, if we are unable to maintain competitive services, or if competition with peers intensifies because we cannot adequately respond to customer needs, contract prices may decline, potentially affecting our group's operating results and financial position.」
The company identifies as a risk the possibility that contract prices may decline depending on economic conditions, customers' industries, competition and the company's ability to respond to technological innovation.