Adverse Effects of the UK's Decision to Leave the EU and Yen Appreciation on Business Sentiment and Capital Investment

「As companies and government agencies seek strategic management reforms, including the creation of new businesses and services using digital technologies and changes in working styles, investment in the digital transformation (DX) sector is accelerating further.」

「As companies and government agencies seek strategic management reforms, including the creation of new businesses and services using digital technologies and changes in working styles, investment in digital transformation (DX) is expected to accelerate further.」

「As companies and government agencies seek strategic management reforms, including the creation of new businesses and services using digital technologies and changes in working styles, investment in digital transformation (DX) is expected to accelerate further.」

「As companies and government agencies seek strategic management reforms, including the creation of new businesses and services using digital technologies and changes in working styles, demand for IT investment is recovering, and investment in digital transformation (DX) is expected to accelerate further.」

「Although demand for IT investment slowed as a result of the spread of COVID-19, demand is showing signs of recovery, and investment in digital transformation (DX) is expected to accelerate further.」

「Although the outlook remains uncertain due to the global spread of COVID-19, signs of a recovery in social and economic activity have also emerged as a result of measures to prevent the spread of the disease.」

「The global spread of COVID-19 is having a major impact on the economy, and the outlook remains uncertain. Against this backdrop, strategic management reforms using IT are urgently needed at companies and government agencies, and IT investment is expected to accelerate in areas such as digital transformation (DX).」

「The global spread of COVID-19 is having a major impact on the economy, and the outlook remains uncertain. Against this backdrop, strategic management reforms using IT are urgently needed at companies and government agencies, and IT investment is expected to accelerate in areas such as digital transformation (DX).」

「The global spread of COVID-19 is having a significant impact on the economy, increasing uncertainty surrounding the outlook.」

「In the domestic IT services market surrounding the Group, investment in corporate digital transformation (DX) is accelerating. At the same time, the spread of COVID-19 has increased awareness of work-style reform, including telework, further driving the adoption of DX.」

「During the first nine months of the fiscal year, the Japanese economy remained on a moderate recovery trajectory, with increased corporate capital investment and continued improvement in employment conditions, while IT investment by domestic companies continued to expand. IT has become indispensable to the transformation of society and companies, and companies have a strong appetite for investment in digital transformation (DX) to transform their businesses and organizations through cloud and digital technologies. Specifically, continued investment is expected to expand sales and profits, transform business models, achieve work-style reform and improve operational efficiency. According to a study by IDC Japan, Ltd., the IT services market related to cloud and digital technologies is expected to grow at an average annual rate of more than 30%.」

「IT has become indispensable to the transformation of society and companies, and companies have a strong appetite for investment to transform their businesses and organizations by replacing all manner of things with cloud and digital technologies. A study by IDC Japan, Ltd. forecasts an average annual growth rate of more than 30%.」

「During the cumulative first-quarter period, the era of digital transformation (DX) arrived in earnest, and IT investment by domestic companies in cloud, big data and AI was robust. Going forward, the new field comprising cloud services, the Third Platform, together with big data and AI, is expected to continue expanding steadily, with the market size projected to reach approximately ¥19 trillion in 2023.」

「The domestic IT services market grew by 2.1% year on year in 2018, according to IDC Japan, Ltd.'s "Domestic IT Services Market Spending Forecast: 2018–2023." Against this backdrop, particularly strong growth is expected in IT investment related to digital transformation aimed at expanding corporate sales and profits, transforming business models, achieving work-style reform and improving operational efficiency. New markets such as cloud services and business analytics, including big data, are expected to remain on a solid growth trajectory from the current consolidated fiscal year onward, with an estimated average annual growth rate of 30%.」

「During the first nine months of the fiscal year, the Japanese economy was moving toward a virtuous economic cycle, with increased corporate capital investment and continued improvement in employment and income. IT investment by domestic companies also continued to expand. In particular, the new market combining cloud services with big data, IoT and other technologies, known as the Third Platform market, is expected to remain on a solid growth trajectory and reach approximately ¥15 trillion in 2021.」

「During the first six months of the fiscal year, the Japanese economy was on the path toward a virtuous economic cycle, with continued improvement in corporate earnings, employment and income, and IT investment by domestic companies also continued to expand. In particular, the new market combining cloud services with big data, IoT and other technologies, known as the Third Platform market, is expected to remain on a solid growth trajectory and reach approximately ¥15 trillion in 2021, according to IDC Japan, Ltd.'s "Domestic Third Platform Market Forecast by Industry and Company Size, 2017–2021."」

「IT investment by domestic companies continues to expand, particularly in cloud adoption, data analytics and the automation of business processes using software robots, because it is essential for companies to enhance competitiveness and achieve operational efficiency and automation aimed at work-style reform in the era of digital transformation. The new market combining cloud services with big data, IoT and other technologies, known as the Third Platform market, is expected to remain on a solid growth trajectory and reach approximately ¥15 trillion in 2021.」

「IT investment by domestic companies continues to expand, particularly in cloud services and data analytics, because it is essential for companies to enhance competitiveness and achieve operational efficiency and automation aimed at work-style reform in the era of digital transformation.」

「During the first nine months of the fiscal year, the Japanese economy was on a moderate recovery trajectory as a virtuous economic cycle began to take hold, with continued improvement in corporate earnings, employment and income. IT investment affecting the Group's business was on an expansionary trend, particularly in cloud services and data analytics, as it is essential for companies to enhance competitiveness and achieve operational efficiency and automation aimed at work-style reform in the era of digital transformation.」

「During the first six months of the fiscal year, the Japanese economy was on a moderate recovery trajectory as a virtuous economic cycle began to take hold, with continued improvement in corporate earnings, employment and income. IT investment affecting the Group's business was on an expansionary trend, particularly in cloud services and data analytics, as it is essential for companies to enhance competitiveness and achieve operational efficiency and automation aimed at work-style reform.」

「During the first quarter of the fiscal year, the Japanese economy faced an uncertain outlook due to changes in US policy management and the political situation in Europe, despite continued improvement in corporate earnings, employment and income.」

「During the first nine months of the fiscal year, the Japanese economy remained firm due to a recovery in manufacturing exports and yen depreciation, but conditions were such that optimism was not warranted because of uncertainty surrounding the outlook, including developments in the United States.」

「During the first six months of the fiscal year, the Japanese economy remained firm as recovery from the Kumamoto earthquake in April gradually progressed, despite concerns that the trend toward yen appreciation would adversely affect business sentiment and capital investment.」

「During the first quarter of the fiscal year, the Japanese economy was exposed to concerns that the UK's decision to leave the European Union (EU) would lead to a stronger yen, adversely affecting business sentiment and capital investment.」