Decline in Advertising Spending Due to Economic Fluctuations
First written in FY2017. 19 of 22 entries say "Restated". Latest entry: FY2027-H1.
Adways moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 7 of 17 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - 2026-05-07WorsenedEarnings presentation materials
「Although performance is progressing strongly, we decided to leave the earnings forecast unchanged because the impact on the group's future performance is uncertain due to the prolonged geopolitical risks associated with the Middle East crisis, including the military conflict involving Iran.」
In addition to conventional business-cycle risks, the company specifically cited geopolitical risks such as the Middle East crisis as a reason for leaving the earnings forecast unchanged. - FY2026-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2024-Q4RestatedAnnual report
「There were no newly arising business or other risks during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the first nine months of the current fiscal year. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2022WorsenedAnnual report
「当連結会計年度(2022年1月1日～2022年12月31日)におけるわが国の経済は、コロナ禍からの社会経済活動の正常化が進みつつあり、緩やかな持ち直しが続いた一方で、世界的なエネルギー・食料価格の高騰や欧米各国の金融引締め等による世界的な景気後退懸念や中国における新型コロナウイルス感染症の感染動向など、不透明な状況が続いております。」
従来の景気変動による広告出稿減少リスクに加え、エネルギー・食料価格高騰、欧米の金融引締め、世界的な景気後退懸念及び中国の感染動向を不透明要因として記載した。 - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the first nine months of the current fiscal year. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2022-Q4RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2022-Q2RestatedAnnual report
「当第2四半期連結累計期間において、新たに発生した事業等のリスクはありません。また、前事業年度の有価証券報告書に記載した事業等のリスクについて重要な変更はありません。」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the first nine months of the current fiscal year. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、新たな発生や重要な変更はないと記載している。 - FY2021-Q2RestatedAnnual report
「当第2四半期連結累計期間において、新たに発生した事業等のリスクはありません。また、前事業年度の有価証券報告書に記載した事業等のリスクについて重要な変更はありません。」
景気変動による広告出稿減少リスクについて、新たな発生や重要な変更はないと記載している。 - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the first nine months of the current fiscal year. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period ended December 31, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、新たな発生や重要な変更はないと記載している。 - FY2019-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period ended December 31, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2018-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、重要な変更はないと記載している。 - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
景気変動による広告出稿減少リスクについて、前事業年度から重要な変更はないと記載している。 - FY2017First statedAnnual report
「We believe this trend will continue, but if economic conditions deteriorate due to economic fluctuations or other factors, advertising placements in general, including internet advertising, may decline.」
While recognizing the expansion of the internet advertising market, the company newly identifies the possibility of a broad decline in advertising placements due to economic fluctuations as a risk.