Decline in Client Companies’ Appetite for IT Investment
First written in FY2025. 2 of 4 entries say "Restated". Latest entry: FY2027-H1.
Forcia moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 8 of 10 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the interim accounting period, there were no material changes to the emergence of major risks that management recognizes as potentially having a material impact on the Company's financial position, operating results or cash flows, or to the matters described under 'Business and Other Risks' in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with declining customer companies' willingness to invest in IT and reduced travel demand, among others. - FY2026WorsenedAnnual report
「If customers' appetite for investment declines due to an economic downturn, fluctuations in interest rates or exchange rates, increasing instability in international affairs or other factors, the acquisition of new projects could stagnate and orders from existing customers could decline. In particular, in the travel and tourism industry, a key focus area for the company, travel demand and demand for travel to Japan could decline due to heightened geopolitical tensions, the outbreak of international conflicts, changes in diplomatic relations and soaring energy prices.」
In addition to the previous risk of declining customer appetite for IT investment, the risk factors now cover interest rates and exchange rates, geopolitics, international conflicts, energy prices and demand for travel to Japan. - FY2026-H1RestatedAnnual report
「During the six-month period, there were no material changes in the occurrence of major risks that management recognises as potentially having a material impact on the company’s financial position, results of operations or cash flow, among the matters concerning the business and accounting situation described in the semiannual report, nor were there any material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding declining customer appetite for IT investment. - FY2025First statedAnnual report
「However, if customers' appetite for IT investment declines in the future due to domestic or overseas economic conditions, business trends or other factors, this could affect the company's financial position and operating results through sluggish acquisition of new customers and fewer orders from existing customers.」
The company is addressing this by diversifying its customers within the travel and tourism industry and expanding sales to other industries, including wholesale and manufacturing.