Decline in Customer Investment Appetite and Demand Amid Economic Conditions and Business-Cycle Fluctuations

「中東危機の悪影響が原油の代替調達等により緩和され、底堅さを維持しております。」

「The global economy showed signs of slowing during the interim consolidated accounting period as the situation in the Middle East became more unstable. The global economy is expected to slow as surging energy costs and supply constraints disrupt supply chains. Prices are also expected to rise due to supply shocks, raising concerns that stagflation could intensify. The outlook remains uncertain as monetary policy in various countries prioritizes price stability.」

「With the outlook difficult to assess amid unstable economic conditions in Japan and overseas, we continue to respond flexibly to changes in the business environment, including proceeding with planned investment in human capital aimed at future growth.」

「If future fluctuations in domestic or overseas economic conditions and business trends exceed the assumptions of our group and weaken customer companies' investment sentiment, or if demand for marketing research declines as companies' performance deteriorates in the market surrounding our group, our business and performance may be affected.」

「While the global economy maintained solid growth during the interim consolidated accounting period, concerns about a downturn caused by the Trump tariffs rapidly increased. As the tariffs drive up the prices of imports into the United States, domestic demand in the United States may be constrained and companies in various countries may reduce capital investment.」

「If future fluctuations in domestic or overseas economic conditions and business trends exceed our assumptions and weaken customer companies' investment sentiment, or if demand for marketing research declines as companies' performance deteriorates in the market surrounding our business, our business and performance may be affected.」