Customer Restraint on IT Investment Due to COVID-19
First written in FY2020. 6 of 9 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2024.
Keyware Solutions moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
4 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Japan's economy continued to recover moderately during the current consolidated fiscal year as socioeconomic activity normalised, including the reclassification of COVID-19 as a Class 5 infectious disease under the Infectious Diseases Control Law.」
The transition of COVID-19 to Class 5 and the normalisation of socioeconomic activity were described as factors mitigating the risk of restrained customer IT investment. - FY2023MitigatedAnnual report
「Accordingly, companies' appetite for IT investment, including the renewal of core systems, is expected to remain strong going forward.」
The previous description that customers' IT investment would remain restrained due to the infectious disease has changed to an outlook that demand for IT investment will remain firm after restrictions on activity are eased. - FY2022-Q2MaterialisedAnnual report
「Although the company won new large-scale ERP projects and orders for maintenance and support phases of projects carried over from the previous fiscal year, order bookings decreased year on year due to customer-driven order delays and lost orders in the distribution and services sectors, as well as a reactionary decline following the acquisition of a large-scale core system renewal project in the previous fiscal year.」
Order delays and lost orders occurred in the distribution and services sectors, including customer areas affected by the infectious disease, leading to lower orders received in the systems integration business. - FY2022-Q1MaterialisedAnnual report
「Although the company won new large-scale projects involving core system construction, order bookings decreased year on year because customer-driven order delays and lost orders in the distribution and hotel sectors, among others, affected results.」
The impact of COVID-19 continues to appear in the form of customer-driven order delays and lost orders, leading to lower orders received in the systems integration business. - FY2021MaterialisedAnnual report
「Some customers in the company's group also experienced project-scale reductions and order postponements, but the impact on the group's performance remained minor.」
COVID-19 caused customer order postponements and project-scale reductions, but the company stated that the impact on performance for the current fiscal year was minor. - FY2021-Q3MaterialisedAnnual report
「The scale of orders for distribution-sector projects, hotel projects and others contracted due to the impact of COVID-19, resulting in a year-on-year decrease in orders received for the systems integration business as a whole.」
Stagnation in customers' businesses caused by COVID-19 was reflected in reduced order sizes for distribution-sector and hotel projects. - FY2021-Q2MaterialisedAnnual report
「Because some existing customers whose business activities were affected by COVID-19 postponed orders or reduced project sizes, among other developments,」
Stagnation in customers' businesses caused by COVID-19 was reflected in order postponements and reduced project sizes among existing customers. - FY2021-Q1MaterialisedAnnual report
「Orders received decreased year on year because the scale of orders for projects in the distribution sector, hotel projects and others contracted due to the impact of COVID-19.」
Stagnation in customers' businesses caused by COVID-19 was reflected in reduced order sizes for distribution-sector and hotel projects. - FY2020First statedAnnual report
「The company is concerned that major customers, including transportation customers in the systems development business and wholesale, retail and hotel customers in the systems integration business, may restrain future investment in systems because their business activities have stagnated and performance has weakened under the impact of COVID-19.」
The company newly stated that COVID-19 could restrain IT investment through its impact on major customers' business activities and performance, affecting its order plans. However, it explained that there had been no order cancellations or project-scale reductions during the current consolidated fiscal year and that the impact was minor.