Declining demand due to economic deterioration and weaker performance at client companies
First written in FY2021. 8 of 13 entries say "Restated". Latest entry: 2026-06-12.
CINC Corp. moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 18 of 24 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- 2026-06-12RestatedEarnings
「Meanwhile, trends toward restrained personal consumption caused by rising prices amid higher raw material costs and prolonged yen depreciation, concerns about a slowdown in overseas economies and prolonged geopolitical risks are downside risks to the Japanese economy, leaving the outlook for economic conditions uncertain.」
The company reaffirmed uncertainty surrounding economic conditions due to rising prices, concerns about a slowdown in overseas economies and geopolitical risks. - FY2025RestatedAnnual report
「Uncertainty surrounding policy developments in major economies, including US tariff policy, instability in financial conditions, and rising geopolitical risks posed risks of weighing on Japan's economy.」
In addition to inflation, tariff policy, financial conditions, and geopolitical risk were identified as factors requiring attention in the economic environment. - FY2025-H1RestatedAnnual report
「Meanwhile, energy and raw material prices remained high, inflation continued as yen depreciation persisted, and conditions remained challenging as consumers increasingly favored saving. The risk of a downturn in overseas economies, including the impact of continued high interest rates in Europe and the United States and the prolonged stagnation of China's property market, could weigh on Japan's economy. Close attention must be paid to the effects of inflation, future US policy developments, the situation in the Middle East, and volatility in financial and capital markets.」
In addition to uncertainty surrounding prices, foreign exchange rates, and raw material prices, interest rates in Europe and the United States, China's property market, US policy, the situation in the Middle East, and volatility in financial and capital markets were identified as factors requiring attention in the economic environment. The company stated that there had been no material changes in business and other risks. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy continued to face an uncertain outlook. While economic and social activity was gradually normalizing as COVID-19 was brought under control, raw material prices rose amid the prolonged Russia-Ukraine situation, global inflation continued, and the yen weakened.」
The normalization of economic and social activity was reaffirmed, along with uncertainty surrounding raw material prices, inflation, and foreign exchange rates. - FY2024-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan's economy continued to face an uncertain outlook. While economic and social activity was gradually normalizing as COVID-19 was brought under control, raw material prices rose amid the prolonged Russia-Ukraine situation, global inflation continued, and the yen weakened.」
Although economic activity is normalizing, surging raw material prices, global inflation, and yen depreciation were identified as sources of uncertainty. - FY2023RestatedAnnual report
「Although restrictions related to COVID-19 were eased and economic activity continued to normalize, international uncertainty resulting from the prolonged situation in Ukraine led to soaring energy and raw material prices and tighter monetary policy in various countries, and the outlook remained uncertain.」
The normalization of economic activity was noted alongside uncertainty surrounding international affairs, prices, and monetary policy. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, Japan's economy continued to face an uncertain outlook. Although restrictions related to COVID-19 were eased and economic activity continued to normalize, international uncertainty resulting from the prolonged situation in Ukraine led to soaring energy and raw material prices and tighter monetary policy in various countries.」
Although economic activity is normalizing, uncertainty related to the situation in Ukraine, surging energy and raw material prices, and monetary tightening was reaffirmed. - FY2023-Q1RestatedAnnual report
「During the cumulative period of the first quarter, Japan's economy saw restrictions on economic activity resulting from COVID-19 ease, while the spread of new variants accelerated. In addition, uncertainty about the outlook has been increasing due to the prolonged situation in Ukraine, rising prices and tighter monetary policy in various countries.」
Reconfirms uncertainty about the economic outlook resulting from new variants, the situation in Ukraine, rising prices and monetary tightening. - FY2022WorsenedAnnual report
「Although restrictions on economic activity resulting from COVID-19 were eased, the spread of new variants accelerated. In addition, uncertainty about the outlook has been increasing due to the prolonged situation in Ukraine, rising prices and tighter monetary policy in various countries.」
The spread of infections, the situation in Ukraine, rising prices and monetary tightening compounded one another as new factors contributing to uncertainty, increasing the risks to the economic environment. - FY2022-Q3WorsenedAnnual report
「During the cumulative period of the third quarter, Japan's economy remained uncertain with no clear outlook, due in part to the renewed spread of COVID-19 infections, higher costs resulting from surging crude oil prices and the effects of foreign-exchange fluctuations.」
The renewed spread of infections, higher costs resulting from surging crude oil prices and foreign-exchange fluctuations were identified as factors contributing to uncertainty. - FY2022-Q2WorsenedAnnual report
「Although the number of new infections had begun to decline as vaccination rates for COVID-19 rose and various measures to prevent the spread of infection were implemented, concerns about another economic slowdown remain amid the spread of the Omicron variant and uncertainty in international affairs following Russia's invasion of Ukraine in February 2022.」
In addition to the Omicron variant, uncertainty in international affairs resulting from Russia's invasion of Ukraine was identified, increasing the factors contributing to uncertainty in the economic environment. - FY2022-Q1RestatedAnnual report
「The situation remains uncertain.」
Reconfirms uncertainty in the economic environment against the backdrop of infection trends and other factors. - FY2021First statedAnnual report
「If cost-cutting is accelerated because of changes in economic conditions and trends or deterioration in the performance of customer companies, the Company's revenue may decline and its business performance may be affected.」
Risk of lower revenue as customers cut marketing budgets.