Business Environment Risks Arising from Intensifying Competition, Technological Innovation, and Economic Fluctuations
First written in FY2018. 15 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 8 of 12 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Although Japan's economy is on a gradual recovery trend, concerns remain over the effects of rising prices, currency movements, and conditions in the Middle East and Ukraine, and the outlook remains uncertain.」
The company continues to describe uncertainty in the economic environment arising from rising prices, currency movements, and conditions in the Middle East and Ukraine. - 2026-05-13RestatedEarnings
「Concerns remain over the effects of rising prices, U.S. tariff policy, and developments in the Middle East and Ukraine, among other factors, and the outlook remains uncertain.」
The company continues to describe uncertainty arising from rising prices, U.S. tariff policy, and developments in the Middle East and Ukraine. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company explicitly states that there are no new business or other risks and no material changes to existing risks. Uncertainty in the economic environment arising from rising prices, U.S. tariff policies, and developments in the Middle East and Ukraine continues to be cited as part of the operating environment. - FY2025WorsenedAnnual report
「Going forward, the economic environment remains uncertain amid concerns over the impact of rising prices, U.S. tariff policies, and developments in the Middle East and Ukraine.」
In addition to the previously cited concerns over rising prices and developments in the Middle East and Ukraine, U.S. tariff policies have been explicitly identified as a concern, and uncertainty in the economic environment continues. - FY2024RestatedAnnual report
「In recent years, within the information services industry to which the Group belongs, changes in business scale and customer needs have continued as a result of intensifying service and price competition with competing products, rapid technological innovation such as the shift to cloud services, and changes in the operating environment of customers' industries.」
Intensifying competition, technological innovation, changes in customers' industries, and economic sensitivity continue to be identified as business environment risks. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company explicitly states that there are no new business or other risks and no material changes to existing risks. Uncertainty over the outlook arising from rising prices, the weaker yen, and developments in the Middle East and Ukraine continues to be cited as part of the operating environment. - FY2024-Q2WorsenedAnnual report
「During the cumulative second quarter of the current fiscal year, Japan's economy continued to recover moderately, but concerns remain over the impact of rising prices, the weaker yen, and developments in the Middle East and Ukraine, leaving the outlook uncertain.」
In addition to the previously cited concerns over soaring prices, the weaker yen, and the situation in Ukraine, developments in the Middle East have been explicitly identified as a concern, and uncertainty in the business environment continues. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous consolidated fiscal year.」
The company explicitly states that there are no new business or other risks or material changes to existing risks. Regarding the economic environment, it continues to cite uncertainty about the outlook due to the invasion of Ukraine, higher prices and the depreciation of the yen. - FY2023RestatedAnnual report
「The company's business scale and customer needs continue to change amid intensifying service and price competition with competing products, rapid technological innovation such as the shift to cloud computing, and changes in the operating environment of customers' industries.」
The company continues to identify intensifying competition, technological innovation, changes in customers' industries and economic sensitivity as operating environment risks. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the consolidated fiscal year, concerns remained over the impact on the Japanese economy of Russia's invasion of Ukraine, higher prices including crude oil prices and the rapid depreciation of the yen, among other factors, and the outlook remained uncertain.」
The company continues to cite uncertainty about the outlook due to the invasion of Ukraine, higher prices and the rapid depreciation of the yen. It states that there have been no new business or other risks or material changes to existing risks. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the consolidated fiscal year, concerns remained over the impact on the Japanese economy of Russia's invasion of Ukraine, higher prices including crude oil prices and the rapid depreciation of the yen, among other factors, and the outlook remained uncertain.」
The company explicitly identifies the invasion of Ukraine, higher prices including crude oil prices and the rapid depreciation of the yen as concerns, continuing to cite uncertainty in the operating environment. - FY2022WorsenedAnnual report
「Concerns remained over the impact of the resurgence of COVID-19, semiconductor shortages, Russia's invasion of Ukraine and higher crude oil prices, among other factors, and the outlook remained uncertain.」
In addition to the previously cited pandemic and US-China trade friction, the company identifies semiconductor shortages, the invasion of Ukraine and higher crude oil prices as concerns, continuing to cite uncertainty in the operating environment. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the consolidated fiscal year, concerns remained over the impact on the Japanese economy of the resurgence of COVID-19, semiconductor shortages, Russia's invasion of Ukraine and higher crude oil prices, among other factors, and the outlook remained uncertain.」
In addition to COVID-19, the company identifies semiconductor shortages, Russia's invasion of Ukraine and higher crude oil prices as new concerns, increasing uncertainty in the operating environment. However, it states that there have been no material changes in the business and other risks section. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous consolidated fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2021-Q3RestatedAnnual report
「The global spread of COVID-19 has stalled economic activity in Japan and overseas, further increasing uncertainty about the outlook. With no clear end to the pandemic in sight, concerns also remain over the impact of factors including US-China trade friction on the Japanese economy.」
The company continues to cite uncertainty about the outlook due to COVID-19, the stagnation of economic activity and US-China trade friction. It states that there have been no material changes to business and other risks. - FY2021-Q2RestatedAnnual report
「The global spread of COVID-19 has stalled economic activity in Japan and overseas, further increasing uncertainty about the outlook. With no clear end to the pandemic in sight, concerns also remain over the impact of factors including US-China trade friction on the Japanese economy.」
The company continues to cite uncertainty about the outlook due to COVID-19, US-China trade friction and the stagnation of economic activity. It states that there have been no material changes to business and other risks. - FY2021-Q1WorsenedAnnual report
「The global spread of COVID-19 has stalled economic activity in Japan and overseas, further increasing uncertainty about the outlook. With no clear end to the pandemic in sight, concerns also remain over the impact of factors including US-China trade friction on the Japanese economy.」
The company cites both the stagnation of economic activity caused by COVID-19 and concerns over the impact of US-China trade friction, stating that uncertainty in the operating environment has increased further. - FY2020-Q3WorsenedAnnual report
「In addition to trade policy and geopolitical risks, the company cites the risk of an economic downturn caused by trade friction with China resulting from the United States' protectionist trade policies, geopolitical risks in the Middle East and East Asia, and serious effects on the global economy from the spread of COVID-19, stating that the outlook remains uncertain and requires close monitoring.」
In addition to existing concerns over trade policy and geopolitical risks, the company cites the serious impact of the spread of COVID-19 on the global economy as a concern, further increasing uncertainty in the operating environment. - FY2019RestatedAnnual report
「The company's business scale and customer needs continue to change amid intensifying service and price competition with competing products, rapid technological innovation such as the shift to cloud computing, and changes in the operating environment of customers' industries.」
The company continues to identify intensifying competition, technological innovation, changes in customers' industries and economic fluctuations as operating environment risks. - FY2019-Q3RestatedAnnual report
「During the nine months ended December 31, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company explicitly states that there were no new risks or material changes to existing risks. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explicitly states that there were no new risks or material changes to existing risks. - FY2019-Q1RestatedAnnual report
「Although the outlook for the economy remains uncertain due to unstable political developments and geopolitical risks overseas, including concerns about the export environment arising from intensifying trade friction caused by the United States' protectionist trade policies,」
The company describes an uncertain outlook for the operating environment due to trade policy, overseas political developments and geopolitical risks. It states that there have been no material changes to business and other risks. - FY2018First statedAnnual report
「The company's business scale and customer needs continue to change amid intensifying service and price competition with competing products, rapid technological innovation such as the shift to cloud computing, and changes in the operating environment of customers' industries.」
The company identifies the potential impact on performance of low barriers to entry, high economic sensitivity, technological innovation and changing customer needs.