Risk of customer investment restraint due to an economic downturn
First written in FY2017. 8 of 15 entries say "Restated". Latest entry: FY2024-Q3.
No.1 moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 8 of 10 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, Japan's economy remained in an uncertain situation due to disruption to the global economy caused by unstable international conditions and the addition of a weaker yen to globally high resource prices.」
The Company reiterates its view that uncertainty regarding the economic outlook continues due to international conditions, high resource prices and the weaker yen. - FY2024-Q1RestatedAnnual report
「During the cumulative consolidated first quarter under review, COVID-19 was classified as a Category V infectious disease in Japan and economic activity gradually moved toward normalization. However, the outlook remained uncertain due to concerns about a resurgence of COVID-19, disruption to the global economy caused by unstable international conditions, and the addition of a weaker yen to globally high resource prices.」
The Company states that, while economic activity was moving toward normalization, uncertainty regarding the outlook continued due to a resurgence of COVID-19, unstable international conditions, high resource prices and the weaker yen. - FY2023-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, Japan's economy gradually moved toward normalization as measures to address COVID-19 were balanced with socioeconomic activity. However, the outlook remained uncertain due to the resurgence of COVID-19, disruption to the global economy caused by unstable international political conditions, and the addition of a weaker yen to globally high resource prices.」
While economic activity was moving toward normalization, uncertainty regarding the outlook continued due to the resurgence of infections, international political conditions, high resource prices and the weaker yen. - FY2023-Q2WorsenedAnnual report
「During the cumulative consolidated second quarter under review, Japan's economy gradually moved toward normalization as measures to address COVID-19 were balanced with socioeconomic activity. However, domestic economic conditions remained uncertain due to the resurgence of COVID-19, disruption to the global economy caused by unstable international political conditions, and the addition of a weaker yen to high resource prices in advanced economies.」
The Company states that, although economic activity was moving toward normalization, the resurgence of COVID-19, international political conditions, high resource prices and the weaker yen continued to make the outlook for domestic economic conditions uncertain. - FY2022WorsenedAnnual report
「Although economic activity gradually moved toward normalization following the lifting of the state of emergency declared in response to the fifth wave of COVID-19 and a decline in infections, domestic economic conditions remained uncertain due to the emergence of new variants and supply chain disruptions caused by supply constraints, particularly for semiconductors and electronic components.」
Domestic economic uncertainty continued due to new variants, supply constraints affecting semiconductors and electronic components, and supply chain disruptions. - FY2022-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, the number of people infected with COVID-19 began to trend downward after vaccinations started. However, the emergence of new variants again made vigilance necessary, and the situation remains uncertain.」
While infections have begun to trend downward, renewed concerns due to new variants and economic uncertainty continue. - FY2022-Q2WorsenedAnnual report
「During the cumulative consolidated second quarter under review, Japan's economy remained in a very difficult situation due to repeated declarations of a state of emergency in response to COVID-19. Although the number of infections began to trend downward after vaccinations started, it began to rise again as a new Delta variant spread, and the situation remains such that an end to the pandemic cannot yet be foreseen.」
The Company describes repeated declarations of a state of emergency, the spread of the Delta variant and a renewed increase in infections, indicating that difficult and uncertain economic and customer investment conditions continue. - FY2021RestatedAnnual report
「The impact of the three declarations of a state of emergency on people's lives and corporate performance has been immeasurable, and we are now in a situation where we have no choice but to accept a daily life in coexistence with COVID-19.」
The Company continues to describe the impact of COVID-19 on the economy and corporate activity and the uncertainty regarding the outlook. - FY2021-Q3WorsenedAnnual report
「As the number of people infected with COVID-19 again began to increase sharply, the economy, which had shown signs of recovery, appeared to be entering another downturn.」
The Company states that the economy appeared to be entering another downturn as infections increased again, indicating deterioration in the external environment that could lead to restrained customer investment. - FY2021-Q2WorsenedAnnual report
「In Japan, corporate activity and consumer behavior stagnated due to the declaration of a state of emergency and requests to refrain from going out in response to COVID-19, and the economy experienced a sharp downturn.」
The Company states that corporate activity and consumer behavior stagnated and the economy experienced a sharp downturn due to the impact of COVID-19. - FY2021-Q1WorsenedAnnual report
「While economic slowdowns became pronounced across all markets, demand related to teleworking rose rapidly in the market environment for office automation equipment and information security equipment, the markets in which the Group operates.」
The Company states that the economic slowdown became pronounced, indicating deterioration in the external environment that could lead to restrained customer investment. - FY2020RestatedAnnual report
「If investment in business activities by customers is restrained as a result of deterioration in Japan's macroeconomy, this may affect the business, operating results and financial condition of the Group.」
The Company reiterates the risk of customer investment restraint due to economic deterioration. - FY2019RestatedAnnual report
「If investment in business activities by customers is restrained as a result of deterioration in Japan's macroeconomy, this may affect the business, operating results and financial condition of the Group.」
The Company reiterates the risk of customer investment restraint due to economic deterioration. - FY2018RestatedAnnual report
「If investment in business activities by customers is restrained as a result of deterioration in Japan's macroeconomy, this may affect the business, operating results and financial condition of the Group.」
The Company reiterates the risk that economic deterioration may restrain customer investment. - FY2017First statedAnnual report
「If investment in business activities by customers is restrained as a result of deterioration in Japan's macroeconomy, this may affect the business, operating results and financial condition of the Group.」
The Company identifies its reliance on demand for equipment and IT investment from small and medium-sized enterprises and sole proprietors as a risk.