Decline in demand for talent recruitment due to economic cycles and employment conditions
First written in FY2021. 15 of 16 entries say "Restated". Latest entry: 2026-09-10.
The whole theme swung hardest in 2020: 14 of 21 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Meanwhile, downside risks to Japan's economy stemming from a downturn in the global economy, including the effects of volatility in the financial and capital markets and sustained price increases, have not been eliminated, and the outlook remains uncertain.」
It continues to disclose the risk of financial and capital market volatility, inflation, and a downturn in the global economy affecting domestic economic and employment conditions. - FY2025RestatedAnnual report
「The Group's performance is affected by economic conditions, including business-cycle fluctuations, social conditions and geopolitical conditions. In particular, the Group's core HR Tech segment is susceptible to trends in business-cycle fluctuations and employment conditions.」
The effects of economic conditions, employment conditions, social conditions, and geopolitical developments on demand for human resources and business performance continue to be identified as major risks. - FY2025-H1RestatedAnnual report
「Although a gradual recovery is expected to continue, downside risks to Japan's economy stemming from a downturn in the global economy have not been eliminated, including the impact of trends in the trade policies of various countries, persistently high interest rates in Europe and the United States, and concerns about continued stagnation in China's economy. The outlook therefore remains uncertain.」
It continues to disclose downside risks and uncertainty affecting the global economy and the domestic economy due to trade policies, high interest rates, and concerns over stagnation in the Chinese economy, among other factors. - FY2024-Q3RestatedAnnual report
「However, the outlook remains uncertain due to the impact of foreign exchange volatility accompanying global monetary tightening and the downside risk to the global economy resulting from continued upward pressure on prices.」
It continues to disclose uncertainty over the outlook due to global monetary tightening, exchange-rate fluctuations, upward price pressures, and downside risks to the global economy. - FY2024-Q2RestatedAnnual report
「Meanwhile, downside risks to the global economy, including surging resource prices resulting from the prolonged instability of global conditions and the effects of global monetary tightening, have not been eliminated, and uncertainty about the outlook continues.」
It continues to disclose downside risks to the global economy and uncertainty over the outlook due to unstable global conditions, soaring resource prices, and monetary tightening. - FY2024-Q1RestatedAnnual report
「Meanwhile, downside risks to the global economy, including surging resource prices resulting from the prolonged instability of global conditions, have not been eliminated. Japan's economy is also showing an inflationary trend, including a weaker yen and higher prices, and uncertainty about the outlook continues.」
Uncertainty over economic and employment conditions due to downside risks to the global economy, soaring resource prices, yen depreciation, and higher prices continues. - FY2023RestatedAnnual report
「The Group's performance is affected by economic conditions, including business-cycle fluctuations, social conditions and geopolitical conditions. In particular, the Group's core HR Tech segment is susceptible to trends in business-cycle fluctuations and employment conditions.」
The risks of economic conditions, employment conditions, social conditions, and geopolitical developments affecting the performance of HR Tech and Incubation continue. - FY2023-Q3RestatedAnnual report
「Meanwhile, uncertainty about the outlook continues due to surging resource prices resulting from the impact of unstable global conditions and other factors, as well as the impact on Japan's economy of concerns about an economic recession in Europe and the United States due to monetary policy and other factors.」
Uncertainty over the economic outlook due to unstable global conditions, resource prices, and concerns over recession in Europe and the United States continues. - FY2023-Q1RestatedAnnual report
「The outlook remains uncertain due to soaring resource prices and volatility in financial and capital markets, among other factors, resulting from unstable global conditions.」
It states that uncertainty over the economic outlook due to global conditions, resource prices, and volatility in financial and capital markets continues. - FY2022RestatedAnnual report
「The Group's performance is affected by economic conditions, including business-cycle fluctuations, social conditions and geopolitical conditions. In particular, the Group's core HR Tech segment is susceptible to trends in business-cycle fluctuations and employment conditions.」
The Company continues to identify the impact of economic, employment, social and geopolitical conditions on demand for talent and performance as a major risk. - FY2022-Q3RestatedAnnual report
「Meanwhile, the outlook for global conditions remains uncertain, and economic activity that had shown signs of recovery has again become clouded by surging resource prices and volatility in the financial and capital markets.」
In relation to existing risks concerning economic cycles, the Company indicated uncertainty about the economic outlook due to fluctuations in global conditions, resource prices and financial and capital markets. At the same time, companies' appetite for hiring professional talent remains strong. - FY2021First statedAnnual report
「If corporate demand for talent recruitment declines for any reason, or changes in economic conditions and other factors lead to lower demand for the Group's services or reduced profitability, this could affect the Group's performance.」
The Company explicitly identifies the risk that both HR Tech and Incubation will be affected by economic and employment conditions, with a decline in recruitment demand affecting performance.