Reduced IT investment by financial institutions due to economic fluctuations
First written in FY2019. 1 of 3 entries say "Mitigated", first in FY2022. Latest entry: FY2024.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「At the Company, the head of the Financial and Public Solutions Division periodically interviews the person responsible for each project regarding the status of existing customers and sales prospects, and provides instructions on the content of the consulting services to be provided and proposed. This prevents mismatches with customer needs and addresses declines in employee utilization rates.」
The Company reconfirms its policy of responding to the risk of financial institutions curbing IT investment through interviews on engagement status, adjustments to service content and organizational monitoring. - FY2022MitigatedAnnual report
「At the Company, the head of the Financial and Public Solutions Division periodically interviews the person responsible for each engagement regarding the status of existing customers and sales prospects, and provides instructions on the content of the consulting services to be provided and proposed. This prevents mismatches with customer needs and addresses declines in employee utilization rates.」
In response to the risk of financial institutions curbing IT investment, the Company identifies interviews on engagement status, instructions on service content and organizational monitoring through management meetings as countermeasures. - FY2019First statedAnnual report
「The Company's principal customers for its consulting services are financial institutions. If they curb IT investment due to economic conditions in Japan or overseas, this could affect the Company's business performance.」
The Company has, for the first time, separately identified the risk that its principal customers, financial institutions, may curb IT investment in response to economic conditions as a direct risk to its business performance.