Risk of a decline in internet advertising demand due to an economic downturn
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2020.
NEXYZ.Group moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 7 of 17 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「The main factors were a decline in demand for capital investment and advertising and publicity, as the spread of COVID-19 and the government's issuance of a state of emergency forced the Company to narrow the scope of its sales activities, while its main customers, including restaurants, Japanese-style inns and hotels, were affected by requests to refrain from going out and other measures.」
The decline in demand for advertising and publicity due to economic conditions and the pandemic became an actual performance factor through reduced demand from major customers. - FY2019RestatedAnnual report
「Companies' spending on internet advertising consists of advertising and sales promotion expenses, and companies generally tend to reduce such spending when economic conditions deteriorate. Accordingly, the Group's operating results and financial position may be affected depending on economic conditions.」
The risk of companies reducing advertising and sales promotion expenses during an economic downturn continues to be disclosed. - FY2018RestatedAnnual report
「Companies' spending on internet advertising consists of advertising and sales promotion expenses, and companies generally tend to reduce such spending when economic conditions deteriorate. Accordingly, the Group's operating results and financial position may be affected depending on economic conditions.」
The risk of companies reducing advertising and sales promotion expenses due to an economic downturn continues to be disclosed. - FY2017RestatedAnnual report
「Companies' spending on internet advertising consists of advertising and sales promotion expenses, and companies generally tend to reduce such spending when economic conditions deteriorate. Accordingly, the Group's operating results and financial position may be affected depending on economic conditions.」
The risk of companies reducing advertising and sales promotion expenses during an economic downturn continues to be disclosed. - FY2016First statedAnnual report
「Companies' spending on internet advertising consists of advertising and sales promotion expenses, and companies generally tend to reduce such spending when economic conditions deteriorate. Accordingly, the Group's operating results and financial position may be affected depending on economic conditions.」
For the sales promotion support and advertising business, the Company identifies reductions in corporate advertising spending during economic downturns as a risk.