Dependence on economic conditions and corporate customers’ IT investment trends
First written in FY2017. 23 of 31 entries say "Restated". Latest entry: FY2026.
bBreak Systems 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: 16 of 36 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the fiscal year, Japan's economy remained on a gradual recovery trend, with wage increases and expanded capital investment progressing against a backdrop of strong corporate performance. However, the economy remained in an extremely uncertain situation as Russia's invasion of Ukraine continued, significant exchange-rate fluctuations and rising prices persisted in Japan, and the US attack on Iran resulted in the closure of the Strait of Hormuz, disrupting supplies of some products in Japan.」
In addition to the ongoing invasion of Ukraine, exchange-rate fluctuations and rising prices, the disclosure notes the US attack on Iran and supply disruptions for some products in Japan resulting from the closure of the Strait of Hormuz, making the uncertainty in the external economic environment more concrete. - FY2026-H1RestatedAnnual report
「During the interim accounting period, Japan's economy remained on a gradual recovery trend, with wage increases and expanded capital investment progressing against a backdrop of strong corporate performance. However, the economy remained in an extremely uncertain situation as Russia's invasion of Ukraine continued, while the yen's depreciation trend and rising prices persisted in Japan. In the markets in which we operate and among our customers, companies' demand for system investment remains stable and demand for engineers remains high, although we recognize that the situation going forward remains unpredictable.」
The disclosure describes the economy as being on a gradual recovery trend, while continuing to note the prolonged invasion of Ukraine, yen depreciation, rising prices and extremely high uncertainty about the outlook. It maintains the assessment that customer demand for system investment and demand for engineers are stable and high, while uncertainty about the future remains. - FY2025-H1RestatedAnnual report
「During the interim accounting period, Japan's economy remained on a gradual recovery trend, with wage increases and expanded capital investment progressing against a backdrop of strong corporate performance. However, the economy remained in an extremely uncertain situation as Russia's invasion of Ukraine continued, while significant exchange-rate fluctuations and rising prices persisted in Japan. In the markets in which we operate and among our customers, companies' demand for system investment remains stable and demand for engineers remains high, although we recognize that the situation going forward remains unpredictable.」
The disclosure describes signs of economic recovery, while continuing to note the prolonged invasion of Ukraine, exchange-rate fluctuations, rising prices and uncertainty about the outlook. It maintains the assessment that corporate demand for system investment and demand for engineers are stable and high, while the outlook remains uncertain. - FY2024RestatedAnnual report
「Companies' demand for system investment remains stable and demand for engineers remains high, although we recognize that the situation going forward remains unpredictable.」
The disclosure continues to describe customer companies' demand for system investment and the risk of dependence on economic conditions and the external environment. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, economic activity showed signs of recovery as various restrictions on activity related to COVID-19 were eased. However, the economy remained in an extremely uncertain situation due to the prolonged invasion of Ukraine by Russia, the resulting surge in resource prices, yen depreciation and rising domestic prices. In the markets in which we operate and among our customers, current corporate demand for system investment remains stable and demand for engineers remains high, although we believe that the situation going forward remains unpredictable.」
The disclosure describes a recovery in economic activity resulting from the easing of restrictions on activity, while continuing to indicate extremely high uncertainty about the outlook due to the prolonged invasion of Ukraine, surging resource prices, yen depreciation and rising domestic prices. It states that demand for system investment is currently stable, but that the outlook remains uncertain. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, economic activity continued to show signs of recovery as various restrictions on activity related to COVID-19 were eased. However, the economy remained in an extremely uncertain situation due to the prolonged invasion of Ukraine by Russia, the resulting surge in resource prices, the yen's depreciation resulting from global monetary tightening, and rising domestic prices. In the markets in which we operate and among our customers, companies' demand for system investment remains stable and demand for engineers remains high, although we recognize that the situation going forward remains unpredictable.」
The disclosure describes a recovery in economic activity resulting from the easing of restrictions on activity, while continuing to indicate extremely high uncertainty about the outlook due to the prolonged invasion of Ukraine, surging resource prices, yen depreciation and rising domestic prices. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, economic activity showed signs of recovery as various restrictions on activity related to COVID-19 were eased. However, the economy remained in an extremely uncertain situation due to the prolonged invasion of Ukraine by Russia, the resulting surge in resource prices, the yen's depreciation resulting from global monetary tightening, and rising domestic prices.」
The disclosure describes a recovery in economic activity resulting from the easing of restrictions on activity, while continuing to indicate extremely high uncertainty about the outlook due to the prolonged invasion of Ukraine, surging resource prices, global monetary tightening, yen depreciation and rising domestic prices. - FY2023RestatedAnnual report
「In the markets in which we operate and among our customers, companies' demand for system investment remains stable and demand for engineers remains high, although we recognize that the situation going forward remains unpredictable.」
The disclosure continues to describe corporate demand for system investment and demand for engineers as stable and high, while indicating uncertainty about the outlook. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, economic activity showed signs of recovery as various restrictions on activity related to COVID-19 were eased. However, the economy remained in an extremely uncertain situation due to the prolonged invasion of Ukraine by Russia, the resulting surge in resource prices, the yen's depreciation resulting from global monetary tightening, and rising domestic prices.」
The disclosure describes a recovery in economic activity resulting from the easing of restrictions on activity, while continuing to indicate extremely high uncertainty about the outlook due to the prolonged invasion of Ukraine, surging resource prices, global monetary tightening, yen depreciation and rising domestic prices. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy remained in an extremely uncertain situation. The effects of COVID-19 persisted, while resource prices rose as a result of Russia's invasion of Ukraine, driving up prices worldwide. Because central banks in many countries other than Japan raised interest rates to contain inflation, the yen depreciated rapidly, and the effects on domestic prices also began to emerge.」
The disclosure continues to cite the effects of COVID-19, rising resource prices and inflation, interest-rate hikes overseas, rapid yen depreciation and effects on domestic prices, maintaining the assessment that the outlook is extremely uncertain. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan's economy remained in an extremely uncertain situation. The effects of COVID-19 persisted, while resource prices rose as a result of Russia's invasion of Ukraine, driving up prices worldwide. Because central banks in many countries other than Japan raised interest rates to contain inflation, the yen depreciated rapidly, and the effects on domestic prices also began to emerge.」
While the effects of COVID-19 persisted, rising resource prices, global inflation, interest-rate hikes overseas, rapid yen depreciation and effects on domestic prices became more pronounced, increasing uncertainty in the external economic environment. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter, Japan's economy remained in an uncertain situation as activity among both individuals and businesses was significantly restricted by the spread of COVID-19, while geopolitical risks emerged as a result of Russia's invasion of Ukraine.」
In addition to restrictions on activity resulting from COVID-19, the disclosure newly notes the emergence of geopolitical risks resulting from Russia's invasion of Ukraine, indicating greater uncertainty in the external economic environment. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy showed signs of recovery as the number of new COVID-19 cases was trending downward. However, the number of cases involving the Omicron variant rose sharply, and the outlook remained extremely uncertain. Although companies in the markets in which we operate and among our customers that have actively invested in systems in recent years have shown no fundamental change in their stance, some companies, particularly those significantly affected by COVID-19, are reviewing their business and investment plans, and differences among companies are evident in demand for system investment.」
The disclosure presents both signs of recovery resulting from the decline in infections and the sharp increase in Omicron cases, while continuing to indicate extremely high uncertainty about the outlook and differences among customer companies in demand for system investment. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan's economy stagnated as activity among both individuals and businesses was significantly restricted, including through the declaration of a state of emergency centered on Tokyo, while the global spread of COVID-19 continued unabated. In addition, because there was no clear prospect of the pandemic ending, the economy remained in an extremely uncertain situation.」
Compared with the assessment at the end of the previous fiscal year, the disclosure describes restrictions on activity, stagnation of economic activity and the absence of a clear prospect for the pandemic ending in greater detail, indicating that uncertainty in the external economic environment has intensified. - FY2021RestatedAnnual report
「In the markets in which we operate and among our customers, companies' demand for system investment remains stable and demand for engineers remains high, although we recognize that the situation going forward remains unpredictable.」
Current demand for system investment and engineers is described as stable and high, while uncertainty about the outlook remains. - FY2021-Q3RestatedAnnual report
「In the markets and among the customers served by the company, corporate demand for systems investment is currently stable and demand for engineers remains high, although the company believes that the outlook remains uncertain.」
The disclosure states that, although restrictions on activity and an uncertain economic environment have continued as a result of the spread of COVID-19, customer companies' demand for system investment has remained stable recently. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter, Japan's economy stagnated as the global spread of COVID-19 significantly restricted activity among both individuals and businesses. In addition, because there was no clear prospect of the pandemic ending, the outlook remained extremely uncertain. Although companies in the markets in which we operate and among our customers that have actively invested in systems in recent years have shown no fundamental change in their stance, some companies, particularly those significantly affected by COVID-19, are reviewing their business and investment plans, and differences among companies are evident in demand for system investment.」
The disclosure describes the stagnation of economic activity and extremely high uncertainty about the outlook resulting from COVID-19, as well as customer companies' reviews of their business and investment plans and differences among companies in demand for system investment. - FY2021-Q1RestatedAnnual report
「Although companies in the markets in which we operate and among our customers that have actively invested in systems in recent years have shown no fundamental change in their stance, some companies, particularly those significantly affected by COVID-19, are reviewing their business and investment plans, and differences among companies are evident in demand for system investment.」
The disclosure states that, while some customer companies have shown no fundamental change in their approach to system investment, reviews of business and investment plans and differences in investment needs continue. - FY2020MaterialisedAnnual report
「Toward the end of the fiscal year, new orders declined as some prospective customers postponed orders or deferred decisions on new proposals in response to the spread of COVID-19, although」
Restrictions on corporate activity and customers' postponement of orders and decisions actually occurred, making the risk of dependence on customer companies' IT investment trends more concrete through the decline in new orders. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter, Japan's economy remained in an uncertain situation as the global spread of COVID-19 significantly restricted activity among both individuals and businesses.」
The global spread of COVID-19 and restrictions on activity have made the uncertainty in the external economic environment more concrete and severe than before. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy maintained a gradual recovery trend, supported by solid corporate performance and improvements in employment and income conditions. However, a series of large-scale natural disasters, including typhoons, struck Japan, while overseas trade tensions with China intensified as a result of the United States' ultra-conservative policies, leaving the outlook uncertain.」
The disclosure describes a recovery trend in the domestic economy, while continuing to note an uncertain external environment due to large-scale natural disasters, US-China trade tensions and other factors. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, Japan's economy maintained a gradual recovery trend, supported by solid corporate performance and improvements in employment and income conditions. However, a series of large-scale natural disasters, including typhoons, struck Japan, while overseas trade tensions intensified as a result of the United States' ultra-conservative policies, leaving the outlook uncertain.」
The disclosure describes a recovery trend in the domestic economy, while continuing to note an uncertain external environment, including large-scale natural disasters and trade tensions resulting from US policies. - FY2019RestatedAnnual report
「During the fiscal year, Japan's economy maintained a gradual recovery trend, supported by solid corporate performance and improvements in employment and income conditions. Overseas, however, the outlook remained uncertain, with trade tensions with China intensifying as a result of the United States' ultra-conservative policies.」
The disclosure continues to describe a recovery trend in the domestic economy, while noting continued uncertainty in the overseas environment due to US-China trade tensions and other factors. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, the Japanese economy maintained a moderate recovery trend, supported by solid corporate performance and improvements in employment and income conditions. However, overseas trade friction with China intensified because of the United States’ ultraconservative policies, and the outlook remained uncertain.」
While indicating a recovery trend in the domestic economy, the disclosure continues to describe uncertainty in the overseas environment due to US-China trade friction. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter period, the Japanese economy maintained a moderate recovery trend, supported by solid corporate performance and improvements in employment and income conditions. However, overseas trade friction with China intensified because of the United States’ ultraconservative policies, and the outlook remained uncertain.」
While indicating a recovery trend in the domestic economy, the disclosure continues to describe uncertainty in the overseas environment due to US-China trade friction. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter period, the Japanese economy maintained a moderate recovery trend, supported by solid corporate performance and improvements in employment and income conditions. However, large-scale natural disasters, including typhoons and earthquakes, occurred one after another domestically, while overseas trade friction intensified because of the United States’ ultraconservative policies, and the outlook remained uncertain.」
While indicating a recovery trend in the domestic economy, the disclosure continues to describe uncertainty about the outlook due to large-scale natural disasters and trade friction. - FY2018RestatedAnnual report
「Although corporate demand for systems investment is very high in the markets and among the customers served by the company, demand for engineers also remains high, making the securing of personnel a common industry-wide challenge.」
The disclosure explains that demand for system investment remains strong, while demand for engineers and the difficulty of securing personnel continue. - FY2018-Q3RestatedAnnual report
「The economy maintained a moderate recovery trend, supported by solid corporate performance and improvements in employment and income conditions. However, the outlook remains uncertain due to uncertainty surrounding the situations in North Korea and the Middle East, as well as episodes of sharp global stock-market declines, although these subsided within a short period.」
While the domestic economy remains on a recovery trend, the outlook continues to be uncertain because of geopolitical conditions and sharp stock-market declines. - FY2018-Q2RestatedAnnual report
「Although corporate demand for systems investment is very high in the markets and among the customers served by the company, demand for engineers also remains high, making the securing of personnel a common industry-wide challenge.」
The business environment continues to be characterized by strong corporate demand for system investment, while securing personnel remains difficult. - FY2018-Q1RestatedAnnual report
「The economy maintained a moderate recovery trend, supported by solid corporate performance and improvements in employment and income conditions. However, the outlook remains uncertain due to the policies of the US President Donald Trump administration and uncertainty surrounding the situation on the Korean Peninsula.」
While the domestic economy remains on a recovery trend, the outlook continues to be uncertain because of overseas policies and geopolitical conditions. - FY2017First statedAnnual report
「If domestic economic conditions or customer companies’ capital investment trends related to core business systems deteriorate, this may affect the company’s business development, financial position and operating results.」
This is an external-environment risk arising from both businesses having corporate customers as their primary customers.