Risk of Performance Fluctuations Due to Economic Conditions and Corporate Event Activity
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 18 of 24 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Corporate promotional activities and other events tend to vary in number and scale because many companies increase or reduce advertising expenditure according to economic conditions. In addition, if worsening economic sentiment leads companies to restrain capital investment, or if government and local-government policies result in cuts to public investment, planned projects may be cancelled or postponed.」
The company is reassessing performance risks arising from economic fluctuations, corporate events, and fluctuations in capital expenditure and public investment, including the cancellation or postponement of projects. - FY2025Update on concerns over trade policy, inflation, and other factorsAnnual report
「However, concerns over the impact of downside risks arising from US trade policy, rising prices and volatility in financial and capital markets persist, and the outlook remains difficult to assess.」
Regarding economic fluctuation risk, the company explicitly identified downside risk from U.S. trade policy in addition to its previous concerns about overseas economic conditions, prices, and financial markets. - FY2020RestatedAnnual report
「Corporate promotional activities and other events tend to vary in number and scale because many companies increase or reduce advertising expenditure according to economic conditions.」
The risk to earnings from fluctuations in the number and scale of events due to economic conditions and corporate advertising expenditure has been reiterated. - FY2018RestatedAnnual report
「Corporate promotional activities and other events tend to vary in number and scale because companies increase or reduce advertising expenditure, and companies adjust their advertising expenditure according to economic conditions. As a result, these activities are susceptible to economic trends.」
The risk of fluctuations in the number and scale of events due to economic conditions and corporate advertising expenditure has been reiterated. - FY2017First statedAnnual report
「Corporate promotional activities and other events tend to vary in number and scale because companies increase or reduce advertising expenditure, and companies adjust their advertising expenditure according to economic conditions. As a result, these activities are susceptible to economic trends.」
The company describes the risk that the number and scale of events will fluctuate according to corporate advertising expenditure and economic conditions, affecting earnings.