Mid-sized and smaller companies curbing IT investment due to economic fluctuations
First written in FY2016. 9 of 12 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2020: 16 of 36 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- FY2023-Q1RestatedAnnual report
「Although demand for IT investment in areas such as digital transformation is increasing, customers continue to show caution in making IT investment decisions amid uncertain economic conditions.」
The company reconfirms that, while demand for IT investment, including digital transformation, is increasing, customers remain cautious about making IT investment decisions against a backdrop of uncertain economic conditions. - FY2022-Q3RestatedAnnual report
「The COVID-19 pandemic has left economic conditions extremely difficult, with economic activity stagnating and contracting and personal consumption and corporate earnings continuing to deteriorate. The outlook remains uncertain. Against this business backdrop, the industry to which our group belongs faces an urgent need for management reform using IT, including preparations for teleworking as a measure against COVID-19 and the digital shift in business operations. While demand for IT investment in areas such as digital transformation is increasing, customers continue to show caution in making IT investment decisions amid uncertain economic conditions.」
The company reconfirms the coexistence of customers' cautious IT investment decisions due to the pandemic and uncertainty about economic conditions, and demand related to digital transformation and teleworking. - FY2022-Q2RestatedAnnual report
「Although demand for IT investment in areas such as digital transformation is increasing, customers continue to show caution in making IT investment decisions amid uncertain economic conditions.」
The company reconfirms that, while demand for IT investment, including digital transformation, exists, customers remain cautious about making IT investment decisions against a backdrop of uncertain economic conditions. - FY2022-Q1RestatedAnnual report
「Against this business backdrop, the industry to which our group belongs faces an urgent need for management reform using IT, including preparations for teleworking as a measure against COVID-19 and the digital shift in business operations. While demand for IT investment in areas such as digital transformation is increasing, customers continue to show caution in making IT investment decisions amid uncertain economic conditions.」
The company reconfirms that, while demand for IT investment driven by teleworking and the digital shift exists, customers remain cautious about making IT investment decisions because of uncertainty about economic conditions. - FY2021RestatedAnnual report
「Although demand for IT investment in areas such as digital transformation is increasing, customers continue to show caution in making IT investment decisions amid uncertain economic conditions.」
The company reconfirms that, while demand for IT investment, including digital transformation, exists, customers remain cautious about making IT investment decisions because of uncertainty about economic conditions. - FY2021-Q3RestatedAnnual report
「Against this business backdrop, the industry to which our group belongs faces an urgent need for management reform using IT, including preparations for teleworking as a measure against COVID-19 and the digital shift in business operations. While demand for IT investment in areas such as digital transformation is increasing, customers continue to show caution in making IT investment decisions amid uncertain economic conditions.」
The company reconfirms that, while demand for IT investment driven by teleworking and the digital shift exists, customers remain cautious about making IT investment decisions because of uncertainty about economic conditions. - FY2021-Q2RestatedAnnual report
「Although demand for IT investment in areas such as digital transformation is increasing, customers appear cautious about making IT investment decisions amid uncertain economic conditions.」
The company reconfirms that, while demand for IT investment driven by teleworking and the digital shift exists, customers remain cautious about making IT investment decisions because of uncertainty about economic conditions. - FY2021-Q1WorsenedAnnual report
「Although demand for IT investment is showing signs of increasing, customers appear cautious about making IT investment decisions amid uncertain economic conditions.」
The company states that, while demand for IT investment driven by teleworking and the digital shift exists, customers have become more cautious in making IT investment decisions because of uncertainty about economic conditions. This has also affected operating results. - FY2020WorsenedAnnual report
「In addition, economic activity in Japan and overseas has been constrained by the impact of the global COVID-19 pandemic, leaving the outlook extremely uncertain.」
Regarding economic conditions and the IT investment environment, the company described the restraint of economic activity in Japan and overseas caused by COVID-19, in addition to the previously noted postponement of capital investment. - FY2020-Q1RestatedAnnual report
「Although the IT industry to which our group belongs has seen moves to postpone capital investment against a backdrop of sluggish demand in some IT-related areas, the market is growing substantially as investment in automation and labor-saving technologies driven by labor shortages increases, along with interest in cloud-first strategies and digital transformation.」
While IT-related demand remains sluggish and capital investment is being postponed, demand for investment in automation, labor-saving technologies, cloud services and digital transformation is also evident. - FY2018RestatedAnnual report
「If customers reduce their IT investment amid a deterioration in Japan's macroeconomic conditions, this could adversely affect the business, operating results and financial condition of our group.」
The company reiterates the risk of restrained IT investment by mid-sized and small businesses amid an economic downturn. - FY2016First statedAnnual report
「If customers reduce their IT investment amid a deterioration in Japan's macroeconomic conditions, this could adversely affect the business, operating results and financial condition of our group.」
Although the company is diversifying its customer base by industry, it identifies restrained IT investment amid an economic downturn as a risk.