Risk Related to Economic Fluctuations and Customers’ IT Investment Trends
First written in FY2016. 16 of 33 entries say "Restated". Latest entry: 2026-07-30.
Ags 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: 18 of 38 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- 2026-07-30WorsenedEarnings
「景気の先行きについては、各種政策の効果が緩やかな回復を支えることが期待されるものの、中東情勢の影響や金融資本市場の変動などに留意する必要があります。」
景気は緩やかな回復基調としつつ、中東情勢に加えて金融資本市場の変動を先行きの留意要因として示している。 - FY2026WorsenedAnnual report
「Although the effects of various government policies are expected to support a gradual recovery in the economic outlook, it is necessary to remain alert to risks that could weigh on the economy, including the impact of developments in the Middle East and U.S. trade policy.」
The disclosure describes the economy's recovery trend while specifically identifying the situation in the Middle East and U.S. trade policy as new factors that could weigh on the economy. - FY2026-H1WorsenedAnnual report
「During the six-month consolidated accounting period ended 30 September 2025 (1 April 2025 to 30 September 2025), Japan's economy was on a gradual recovery path, with improvements in the employment and income environment. The outlook remained uncertain due to factors including deterioration in consumer sentiment resulting from continued price increases and the impact of U.S. trade policy.」
Regarding the economy and trends in customer IT investment, the disclosure specifically identifies deterioration in consumer sentiment due to continued price increases and the impact of U.S. trade policy as new factors contributing to uncertainty. - FY2025-H1WorsenedAnnual report
「During the six-month consolidated accounting period ended 30 September 2024 (1 April 2024 to 30 September 2024), Japan's economy continued to recover gradually, supported in part by the effects of various government policies, including improvements in the employment and income environment. The outlook remained uncertain due to a downturn in overseas economies associated with the continued high interest-rate environment in Europe and the United States and concerns about the outlook for the Chinese economy, as well as rising prices and developments in the Middle East.」
The disclosure describes the economy's recovery while specifically identifying continued high interest rates in Europe and the United States, a downturn in overseas economies, concerns about the outlook for the Chinese economy, rising prices and the situation in the Middle East as factors contributing to uncertainty. - FY2024WorsenedAnnual report
「At the same time, it is necessary to closely monitor increases in costs resulting from soaring raw material prices and labor costs, as well as customers' restraint in IT investment.」
The disclosure specifically identifies increased costs due to soaring raw material prices and labor costs, and customers' restraint in IT investment, as risks related to economic fluctuations and trends in customer IT investment. - FY2024-Q3WorsenedAnnual report
「During the nine-month consolidated cumulative period ended 31 December 2023 (1 April 2023 to 31 December 2023), Japan's economy was on a gradual recovery path as socioeconomic activity continued to normalize following the COVID-19 pandemic and the employment and income environment improved. However, the outlook remained uncertain due to heightened geopolitical risks, rising prices, the impact of global monetary tightening and concerns about the outlook for the Chinese economy.」
The disclosure describes the normalization of socioeconomic activity and the economy's gradual recovery, while specifically identifying concerns about the outlook for the Chinese economy, in addition to the previously cited geopolitical risks, rising prices and monetary tightening, as factors contributing to uncertainty. - FY2024-Q2RestatedAnnual report
「During the six-month period ended 30 September 2023, social and economic activity continued to normalize following the COVID-19 pandemic, and the economy recovered moderately as employment and income conditions improved. However, the outlook remained uncertain due to rising geopolitical risks, inflation and concerns about an economic recession against the backdrop of global monetary tightening.」
While describing the normalization of social and economic activity and the economic recovery, continues to indicate uncertainty due to geopolitical risks, inflation, global monetary tightening and concerns about an economic recession. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June 2023, restrictions on activity related to COVID-19 were lifted and social and economic activity moved fully toward normalization. However, the outlook for the economy was expected to remain uncertain due to inflation, including soaring raw-material and energy prices associated with the prolonged Russia-Ukraine situation, and concerns about an economic recession against the backdrop of global monetary tightening.」
While describing the normalization of the economy following the lifting of restrictions on activity, continues to indicate uncertainty due to the Russia-Ukraine situation, inflation, global monetary tightening and concerns about an economic recession. - FY2023-Q3WorsenedAnnual report
「During the nine-month period ended 31 December 2022, restrictions on activity related to COVID-19 were eased and social and economic activity gradually moved toward normalization, but downside risks to the economy increased and uncertainty about the outlook persisted due to soaring raw-material and energy prices associated with the prolonged Russia-Ukraine situation and yen depreciation against the backdrop of global monetary tightening.」
While describing normalization following the easing of restrictions on activity, identifies the prolonged Russia-Ukraine situation, soaring raw-material and energy prices, yen depreciation and global monetary tightening as new downside factors for the economy, and reports that the risks have increased. - FY2023-Q2RestatedAnnual report
「During the six-month period ended 30 September 2022, restrictions on activity related to COVID-19 were eased and signs of a return to normal economic activity emerged, but the economic outlook was expected to remain uncertain due to the worsening Russia-Ukraine situation and soaring raw-material and energy prices associated with the rapid depreciation of the yen.」
While describing the easing of restrictions on activity and progress toward normalizing economic activity, states that uncertainty continues due to the Russia-Ukraine situation, rapid yen depreciation, and soaring raw-material and energy prices. - FY2023-Q1WorsenedAnnual report
「During the three-month period ended 30 June 2022, the Japanese economy was expected to remain uncertain, as the prolonged economic impact of the spread of COVID-19 was offset by expectations for more active economic activity as vaccination rates rose, while the worsening Russia-Ukraine situation and soaring raw-material and energy prices associated with the rapid depreciation of the yen weighed on the outlook.」
In addition to the previous uncertainty caused by COVID-19, explicitly identifies the worsening Russia-Ukraine situation, rapid yen depreciation, and soaring raw-material and energy prices as new sources of uncertainty for the economy. - FY2022WorsenedAnnual report
「Although the economy was expected to recover due in part to the effects of government policies and improvements in overseas economies, the economic outlook was expected to remain uncertain due to the situation in Ukraine and rising raw-material prices.」
In addition to COVID-19, newly identifies the situation in Ukraine and rising raw-material prices as factors contributing to uncertainty about the economic outlook. - FY2022-Q3WorsenedAnnual report
「Although the challenging situation was expected to ease gradually and the economy to recover as COVID-19 vaccinations were promoted and the state of emergency was lifted, the economic outlook was expected to remain uncertain due to the emergence of new variants and other factors.」
Regarding economic conditions and customers' IT investment trends, states that recovery in the economy was expected, while uncertainty about the outlook continued due to the emergence of new variants. - FY2022-Q1RestatedAnnual report
「In the information services industry to which the Group belongs, uncertainty is expected to persist for the time being due to the impact of the spread of COVID-19, but the market is expected to continue expanding over the medium to long term, driven by the government's digitalization initiatives led by the Digital Agency, increased digital transformation (DX) initiatives such as the digitalization of business processes and the renewal of legacy systems, and other factors.」
While recognizing the uncertainty caused by COVID-19, reiterates the outlook for medium- to long-term market expansion driven by government digitalization, digitalization of business processes and legacy-system renewal. - FY2021RestatedAnnual report
「In the information services industry to which the Group belongs, IT investment increased for measures against infectious diseases, such as remote-working environments, but the pace of market expansion slowed as companies affected by COVID-19 restrained IT investment. While uncertainty is expected to persist for the time being, the market is expected to continue expanding over the medium to long term, driven by the government's digitalization initiatives led by the Digital Agency, increased digital transformation (DX) initiatives such as the digitalization of business processes and the renewal of legacy systems, and other factors.」
Describes restraints on IT investment and the slower pace of market expansion caused by COVID-19, while also noting medium- to long-term market expansion driven by government digitalization, digitalization of business processes and legacy-system renewal. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended 31 December 2020, the Japanese economy remained in an extremely challenging situation due to the impact of the spread of COVID-19. Although economic activity had begun to resume gradually, COVID-19 infections were increasing again, and the outlook for the economy was expected to remain uncertain.」
While stating that there had been no material changes in the Business and Other Risks section, explicitly describes the resurgence of infections and uncertainty about the economic outlook in the discussion of the business environment. - FY2021-Q2RestatedAnnual report
「During the six-month period ended 30 September 2020, the Japanese economy remained in an extremely challenging situation due to the impact of the spread of COVID-19. Although economic activity had begun to resume gradually, the outlook for the economy was expected to remain uncertain.」
While continuing to describe the challenging economic environment and uncertainty about the outlook caused by COVID-19, also notes the possibility of progress in IT investment driven by demand for DX. - FY2021-Q1WorsenedAnnual report
「In the information services industry to which the Group belongs, the pace of market expansion may slow as sentiment deteriorates due to the spread of COVID-19, but the industry is expected to remain solid, supported by sustained IT investment aimed at advancing digital transformation (DX).」
Identifies the possibility of slower market expansion as a new concern due to deteriorating economic sentiment caused by the spread of COVID-19. It also notes support from sustained IT investment aimed at DX. - FY2020WorsenedAnnual report
「Meanwhile, regarding the outlook, it is necessary to closely monitor revisions to and restraints on IT investment plans resulting from the spread of COVID-19.」
Identifies revisions to and restraints on IT investment plans associated with the spread of COVID-19 as a new concern relating to economic fluctuations and customers' IT investment trends. It also states that there was no impact on performance for the current consolidated fiscal year. - FY2020-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the existing risks, including economic fluctuations, customers' IT investment trends, and changes in the IT strategies and utilization policies of national and local governments. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the existing risks, including economic fluctuations, customers' IT investment trends, and changes in the IT strategies and utilization policies of national and local governments. - FY2019RestatedAnnual report
「Customers' IT investment trends, influenced by economic fluctuations and other factors, may affect the Group's operating results and financial condition. In addition, changes in the IT strategies and IT utilization policies of national and local governments, among others, may affect the Group's operating results and financial condition.」
Reiterates the risks related to economic fluctuations, customers' IT investment trends, and changes in the IT strategies and utilization policies of national and local governments. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the risks relating to economic fluctuations, customers' IT investment trends and uncertainty in the global economy. - FY2019-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the risks relating to economic fluctuations, customers' IT investment trends and uncertainty in the global economy. - FY2019-Q1WorsenedAnnual report
「In the information services industry to which the Group belongs, willingness to invest in IT to strengthen competitiveness and improve productivity through the use of AI, IoT and other technologies is increasing, and the industry is expected to remain solid.」
While expecting IT investment appetite in the information services industry to remain solid, expresses concern about increasing uncertainty in the global economy, including trade friction among major powers, as part of the business environment. - FY2018-Q3WorsenedAnnual report
「Concerns remain over the impact of U.S. policy, economic trends in emerging economies, particularly in Asia, and rising global geopolitical risks, and the outlook remains uncertain.」
In addition to the previous risks related to economic fluctuations and customers' IT investment trends, identifies U.S. policy, emerging-market economies and rising geopolitical risks as concerns affecting the business environment. - FY2018-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the risks related to economic fluctuations and customers' IT investment trends. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the risks related to economic fluctuations and customers' IT investment trends. - FY2017WorsenedAnnual report
「Changes in the IT strategies and IT utilization policies of national and local governments, among others, may also affect the Group's operating results and financial condition.」
In addition to economic fluctuations and customers' IT investment trends, explicitly identifies changes in the IT strategies and utilization policies of national and local governments as risks. - FY2017-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the risks related to economic fluctuations and customers' IT investment trends. - FY2017-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the risks related to economic fluctuations and customers' IT investment trends. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors' decisions and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
Comprehensive disclosure stating that there have been no material changes in the risks related to economic fluctuations and customers' IT investment trends described in the previous fiscal year. - FY2016First statedAnnual report
「Customers' IT investment trends, influenced by economic fluctuations and other factors, may affect the Group's operating results and financial condition.」
Also states that the Group serves a broad range of customers, including financial institutions, public-sector entities and private companies, and is working to develop new customers and provide new services.