Customer Companies’ Budget Restraint and Contract Reviews Due to Economic Fluctuations
First written in FY2022. 6 of 12 entries say "Restated". Latest entry: FY2026.
True Data moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2024: 4 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Subscription-based revenue, consisting mainly of recurring usage fees, accounts for 81.4% of our sales mix, providing a stable earnings base. However, if customer companies reduce their advertising and marketing budgets due to worsening economic conditions in Japan and overseas, and consequently review the terms of their contracts with us or terminate those contracts, this could affect our operating results and financial condition.」
Economic fluctuation risk continues. The subscription-based revenue ratio declined from 91.8% in the previous fiscal year to 81.4%, and the possibility of contract reviews as well as cancellations is explicitly disclosed. - 2026-05-15SoftenedManagement Planning
「Recurring revenue accounts for 81.4% of our revenue mix, ensuring sustainable soundness and stability. However, if customer companies constrain their budgets due to economic trends in Japan and overseas and review the terms of their contracts with us, this could affect our business performance.」
The company continues to disclose the risk that economic fluctuations could lead customers to constrain budgets and review contracts, while stating that recurring revenue accounts for 81.4% of total revenue. - FY2026-H1RestatedAnnual report
「At the same time, overseas political and economic issues had a significant impact, including the continued high interest-rate environment in Europe and the United States, the trend toward yen depreciation resulting from the interest-rate differential with Japan, the continued stagnation of the Chinese real estate market and sluggish personal consumption, the prolonged situation in Ukraine, continued tensions in the Middle East, and developments in US trade policy. As a result, uncertainty about the economic outlook persisted.」
Uncertainty about the economic outlook, against a backdrop of yen depreciation, high interest rates, the Chinese economy, geopolitical conditions and US trade policy, continues to be disclosed. - FY2025MitigatedAnnual report
「Recurring revenue accounts for 91.8% of the company's revenue mix, providing ongoing soundness and stability. However, if customers reduce their budgets due to economic conditions in Japan or overseas, resulting in reviews of their contracts with the company or other changes, this may affect the company's performance.」
While the risks of customer budget cuts and contract reviews due to economic fluctuations continue, the proportion of recurring revenue rose from 85.9% to 91.8%. - FY2024WorsenedAnnual report
「Recurring revenue accounts for 85.9% of the company's revenue mix, providing ongoing soundness and stability. However, if customers reduce their budgets due to economic conditions in Japan or overseas, resulting in reviews of their contracts with the company or other changes, this may affect the company's performance.」
The proportion of recurring revenue declined from 91.3% in the previous fiscal year to 85.9%, and the company discloses the risks of customer budget cuts and contract reviews. - FY2024-Q3RestatedAnnual report
「The economic outlook remains uncertain amid concerns about the effects of various overseas political and economic issues, including economic slowdowns resulting from monetary tightening in Europe and the United States, China's sluggish property market and weak personal consumption, the protracted war in Ukraine and heightened tensions in the Middle East.」
The company explains that uncertainty over the economic outlook continues against a backdrop of monetary tightening in Europe and the United States, China's economy, the war in Ukraine and tensions in the Middle East. - FY2024-Q2RestatedAnnual report
「The economic outlook remains uncertain due to continued price increases across a broad range of goods against a backdrop of the weaker yen and higher resource prices, as well as increasingly evident slowdowns in overseas economies resulting from monetary tightening in Europe and the United States and concerns over China's economic outlook.」
The company explains that uncertainty over the economic outlook continues against a backdrop of price increases caused by the weaker yen and higher resource prices, monetary tightening in Europe and the United States, and concerns over China's economic outlook. - FY2024-Q1RestatedAnnual report
「The economic outlook remains uncertain due to continued price increases across a broad range of goods against a backdrop of the weaker yen and higher resource prices, as well as increasingly evident slowdowns in overseas economies resulting from monetary tightening in Europe and the United States.」
The company explains that uncertainty over the economic outlook continues against a backdrop of price increases caused by the weaker yen and higher resource prices and slowdowns in overseas economies resulting from monetary tightening in Europe and the United States. - FY2023RestatedAnnual report
「Recurring revenue accounts for 91.3% of the company's revenue mix, providing ongoing soundness and stability. However, if customers reduce their budgets due to economic conditions in Japan or overseas, resulting in reviews of their contracts with the company or other changes, this may affect the company's performance.」
While indicating that recurring revenue has risen to 91.3% of the revenue mix, the company continues to disclose the risks of customer budget cuts and contract reviews due to economic fluctuations. - FY2023-Q3RestatedAnnual report
「Although some customers are currently being affected by reductions in marketing budgets amid uncertainty over the economic outlook, the broad growth trend remains intact.」
While some customers continue to be affected by marketing budget reductions amid uncertainty over the economic outlook, the company states that the broad growth trend continues. - FY2023-Q2MaterialisedAnnual report
「Although some customers are currently being affected by reductions in marketing budgets amid uncertainty over the economic outlook, the broad growth trend remains intact.」
The company states that reductions in marketing budgets at customer companies due to uncertainty over the economic outlook are having an actual impact on some customers. - FY2022First statedAnnual report
「Recurring revenue accounts for 78.7% of the company's revenue mix, providing ongoing soundness and stability. However, if customers reduce their budgets due to economic conditions in Japan or overseas, resulting in reviews of their contracts with the company or other changes, this may affect the company's performance.」
While indicating that recurring revenue accounts for 78.7% of the revenue mix, the company identifies customer budget cuts and contract reviews due to economic fluctuations as risks.