Decline in Customer Companies’ Appetite for IT Investment
First written in FY2016. 11 of 24 entries say "Restated". Latest entry: FY2026.
Rakus moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 16 of 36 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Uncertainty over economic conditions, heightened cost awareness due to rising interest rates, and geopolitical risks may also affect investment decisions by customer companies.」
In addition to economic conditions, prices and monetary policy, we have added rising interest rates, customers’ cost awareness and geopolitical risks as factors that may affect customers’ IT investments. - 2026-04-10RestatedOccurring Fact
「As stated above, although there is no direct impact, if crude oil and resource prices rise or foreign exchange rates fluctuate sharply as a result of a deterioration or prolongation of the situation, this could indirectly affect the performance of our Group through a slowdown in the macroeconomy and fluctuations in the performance of our customer companies.」
Although no direct impact on business or sales activities from the situation in the Middle East has been identified at this time, the disclosure describes the possibility of an indirect impact on earnings through higher resource prices, foreign-exchange fluctuations, a macroeconomic slowdown and changes in customer-company performance if the situation deteriorates or continues. It reconfirms the risk of weaker investment sentiment among customer companies due to business and economic conditions. - FY2024RestatedAnnual report
「The company is currently expanding its business against a backdrop of rising customer appetite for IT investment. However, if customers’ appetite for IT investment declines in the future due to domestic or overseas economic conditions, economic trends, or other factors, this could affect the business and performance of the Group.」
While stating that customers’ appetite for IT investment is rising, the disclosure reconfirms the risk that economic and business conditions could reduce that appetite. - FY2024-Q3RestatedAnnual report
「Meanwhile, in addition to global inflation, the risk of volatility in overseas economies due to the impact of monetary policy in various countries remains. The outlook therefore remains uncertain.」
We have reconfirmed our view that the outlook remains uncertain due to global inflation and the risk of volatility in overseas economies resulting from monetary policy in various countries. - FY2024-Q2RestatedAnnual report
「Meanwhile, global inflation continues, and the risk of volatility in overseas economies due to the impact of monetary policy in various countries remains. The outlook therefore remains uncertain.」
We have reconfirmed our view that the outlook remains uncertain due to global inflation and the risk of volatility in overseas economies resulting from monetary policy in various countries. - FY2024-Q1RestatedAnnual report
「Meanwhile, global inflation continues, and the risk of volatility in overseas economies due to the impact of monetary policy in various countries remains. The outlook therefore remains uncertain.」
We have reconfirmed our view that the outlook remains uncertain due to global inflation and the risk of volatility in overseas economies resulting from monetary policy in various countries. - FY2023Added the risk of a downturn in overseas economiesAnnual report
「Meanwhile, uncertainty over the outlook has continued as global inflation persists and the risk of a downturn in overseas economies due to monetary tightening by various countries remains.」
In addition to the existing uncertainty caused by inflation and other factors, the disclosure describes the risk of a downturn in overseas economies due to monetary tightening by various countries. - FY2023-Q3Added concerns about supply-side constraintsAnnual report
「Meanwhile, uncertainty over the outlook has continued as global inflation persists and concerns about supply-side constraints remain.」
The disclosure identifies concerns about supply-side constraints, in addition to global inflation, as factors contributing to uncertainty that could affect the economy and customers’ appetite for IT investment. - FY2023-Q2RestatedAnnual report
「Meanwhile, global inflation and the depreciation of the yen have continued, and uncertainty over the outlook has persisted.」
The disclosure reconfirms uncertainty over the outlook due to continued global inflation and yen depreciation as external factors that could affect customers’ appetite for IT investment. - FY2023-Q1WorsenedAnnual report
「Meanwhile, uncertainty over the outlook has continued due to the impact of surging global resource prices and the rapid depreciation of the yen.」
The disclosure adds surging global resource prices and the rapid depreciation of the yen as factors contributing to economic uncertainty that could affect customers’ appetite for IT investment. - FY2022WorsenedAnnual report
「Although the economy has not entered a recession due to government measures supporting economic activity, uncertainty over the economic outlook has increased amid significant exchange-rate fluctuations and the impact of global inflation.」
The disclosure adds significant exchange-rate fluctuations and global inflation as factors contributing to economic uncertainty that could affect customers’ appetite for IT investment. - FY2022-Q3Added the impact of new variants and surging resource pricesAnnual report
「Uncertainty over the economic outlook has continued due to the spread of new variants and surging global resource prices.」
The disclosure adds the spread of new variants and surging global resource prices as factors contributing to economic uncertainty that could affect customers’ appetite for IT investment. - FY2022-Q2Added economic uncertainty due to shortages of energy and semiconductorsAnnual report
「Uncertainty over the economic outlook has continued due to global shortages of energy and semiconductors.」
In addition to the pandemic and economic trends, the disclosure identifies global shortages of energy and semiconductors as factors contributing to uncertainty over the economic outlook. - FY2021RestatedAnnual report
「The company is currently expanding its business against a backdrop of rising customer appetite for IT investment. However, if customers’ appetite for IT investment declines in the future due to domestic or overseas economic conditions, economic trends, or other factors, this could affect the business and performance of the Group.」
While stating that customers’ appetite for IT investment is rising, the disclosure reconfirms the risk that economic and business conditions could reduce that appetite. - FY2021-Q3WorsenedAnnual report
「During the nine months ended [the third quarter of] the current fiscal year, Japan’s economic activity, which had stagnated due to the impact of COVID-19, gradually resumed. However, infections were spreading again recently, and uncertainty over the economic outlook was intensifying.」
The disclosure states that the resurgence of infections increased uncertainty over the economic outlook. - FY2021-Q2RestatedAnnual report
「During the six months ended [the second quarter of] the current fiscal year, Japan’s economic activity, which had stagnated due to the impact of COVID-19, gradually resumed. However, concerns about an economic downturn had emerged, and uncertainty over the outlook was increasing.」
The disclosure reconfirms the view that concerns about an economic downturn and uncertainty over the outlook continued even after economic activity had stagnated due to the impact of COVID-19. - FY2021-Q1MaterialisedAnnual report
「Many companies were forced to focus on maintaining minimum operations under remote work, and temporary stagnation in IT investment was observed.」
The disclosure states that customers’ IT investment actually stagnated temporarily due to the economic downturn and uncertainty over the outlook, indicating that the previously identified risk of a decline in customers’ appetite for IT investment had materialized. - FY2020-Q3Added the impact of an unusually warm winterAnnual report
「During the nine months ended [the third quarter of] the current fiscal year, Japan’s economy continued to recover moderately. However, uncertainty over the economic outlook increased due to concerns about a slowdown in overseas economies caused by trade friction, as well as the impact of the consumption tax increase and an unusually warm winter.」
In addition to trade friction and the consumption tax increase, the disclosure identifies the impact of an unusually warm winter as a factor contributing to uncertainty over the economic outlook. - FY2019RestatedAnnual report
「In the information and communications services market in which the company operates, the appetite for IT investment remained strong, with more companies seeking to improve operational efficiency due to labor shortages and reforms to working styles, and promoting operational efficiency through digital transformation. Meanwhile, uncertainty over the economic outlook increased due in part to U.S.-China trade friction and volatility in financial markets.」
While companies’ appetite for IT investment remained strong, the disclosure reconfirms uncertainty over the economic outlook due to U.S.-China trade friction and volatility in financial markets. - FY2019-Q3Specified the channels through which an economic downturn could have an impactAnnual report
「During the nine months ended [the third quarter of] the current fiscal year, Japan’s economy continued to recover moderately as corporate earnings improved. However, uncertainty over the economic outlook increased due to concerns about a deterioration in the performance of U.S. companies resulting from trade issues centered on the United States and China, as well as the impact of the consumption tax increase on the domestic economy.」
The disclosure specifies the channels underlying the uncertainty over the economic outlook, namely concerns about a deterioration in U.S. corporate performance due to trade issues and the impact of the consumption tax increase on the domestic economy. - FY2019-Q2Added uncertainty over the economic outlookAnnual report
「Uncertainty over the economic outlook has increased against a backdrop of trade issues centered on the United States and China, instability in the global situation, and the planned consumption tax increase next fiscal year.」
In connection with the existing risk of a decline in customers’ IT investment due to economic and business conditions, the disclosure describes uncertainty over the economic outlook arising from trade issues, instability in the global situation, and the planned consumption tax increase. - FY2018RestatedAnnual report
「If customers’ appetite for IT investment declines in the future due to domestic or overseas economic conditions, economic trends, or other factors, this could affect the business and performance of the Group.」
The risk of a decline in customers’ IT investment due to economic and business conditions is reiterated. - FY2017RestatedAnnual report
「If customers’ appetite for IT investment declines in the future due to domestic or overseas economic conditions, economic trends, or other factors, this could affect the business and performance of the Group.」
The risk of a decline in customers’ IT investment due to economic and business conditions is reiterated. - FY2016First statedAnnual report
「If customers’ appetite for IT investment declines in the future due to domestic or overseas economic conditions, economic trends, or other factors, this could affect the business and performance of the Group.」
The decline in customers’ IT investment due to economic conditions and economic trends is described as an external risk.