Decline in Customer Demand Due to Economic Deterioration
First written in FY2020. 8 of 14 entries say "Restated". Latest entry: 2026-10-15.
VisasQ moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 10 of 14 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- 2026-10-15RestatedEarnings
「Meanwhile, uncertainty remained high in the global economy, including geopolitical risks surrounding the situation in the Middle East.」
The company stated that geopolitical risks and uncertainty in the global economy continued. - FY2026WorsenedAnnual report
「During the fiscal year, Japan’s economy recovered moderately overall as a result of government economic policies and other measures, despite rising geopolitical risks stemming from U.S. trade and foreign policy. Overseas economies remained resilient, despite uncertainty surrounding U.S. tariff and interest-rate policies.」
The company notes rising geopolitical risks due to U.S. trade and foreign policy, as well as uncertainty surrounding tariff and interest-rate policies. It also notes the recovery of the domestic economy and resilience in overseas economies. - 2026-05-08WorsenedGeneral Meetings of Shareholders
「The Japanese economy during the fiscal year from 1 March 2025 to 28 February 2026 is recovering moderately overall as a result of government economic policies and other measures, although geopolitical risks have risen due to US trade and diplomatic policies.」
The company described the rise in geopolitical risks resulting from US trade and diplomatic policies as part of the full-year business environment. - FY2026-H1WorsenedAnnual report
「On the other hand, the global economy remained highly uncertain, owing to growing uncertainty surrounding the policies of the new U.S. administration and prolonged geopolitical risks.」
The company describes the global economy as highly uncertain, with the policies of the new U.S. administration and prolonged geopolitical risks added to the factors. - FY2025RestatedAnnual report
「However, if the economic environment deteriorates sharply, customer demand may decline more than anticipated, potentially affecting the group’s operating results and financial position.」
While improvement and resilience in domestic and overseas demand are noted, the risk of declining customer demand due to a sharp economic deterioration continues to be explicitly identified. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter, social measures in Japan advanced in response to COVID-19, including the widespread rollout of vaccinations. However, difficult-to-predict economic conditions continued, including the situation in Ukraine and unstable foreign exchange movements.」
The company states that difficult-to-predict economic conditions, including the situation in Ukraine and unstable foreign exchange movements, continue. - FY2023-Q2WorsenedAnnual report
「During the six months ended the second quarter, Japan’s economy saw social measures advance in response to COVID-19, including the widespread rollout of vaccinations. However, caution continued amid the spread of variants, while difficult-to-predict economic conditions persisted, including the situation in Ukraine and the rapid depreciation of the yen.」
The company describes an unpredictable economic environment, in addition to the continuing impact of the pandemic and contraction in economic activity, including the situation in Ukraine and the rapid depreciation of the yen. - FY2023-Q1RestatedAnnual report
「In the information and services industries to which the group belongs, particularly business-to-business services, business conditions have not deteriorated significantly, but transaction demand itself has declined as overall economic activity contracted.」
The decline in transaction demand accompanying the contraction in overall economic activity continues to be described as a business condition. - FY2022-Q3RestatedAnnual report
「During the nine months ended the third quarter, Japan’s economy saw social measures advance in response to COVID-19, including the nationwide rollout of vaccinations, and the state of emergency was lifted nationwide. However, economic conditions remained difficult to recover in a broad range of industries.」
The continuing difficulty of recovering economic conditions is described as an external environment that could affect customer demand. - FY2022-Q1RestatedAnnual report
「In the information and services industries to which the group belongs, particularly business-to-business services, business conditions have not deteriorated significantly, but transaction demand itself has declined as overall economic activity contracted.」
The company describes the continuing decline in transaction demand accompanying the contraction in overall economic activity. - FY2021RestatedAnnual report
「However, if the economic environment deteriorates sharply, customer demand may decline more than anticipated, potentially affecting the group’s operating results and financial position.」
The decline in customer demand due to a sharp deterioration in the economic environment continues to be identified as a potential risk. - FY2021-Q3RestatedAnnual report
「On the other hand, in the information and services industries to which the group belongs, business conditions have not deteriorated significantly, but demand for some transactions has declined as overall economic activity contracted.」
The decline in demand for some transactions accompanying the contraction in overall economic activity is described as an actual continuing condition, as in the previous disclosure. - FY2021-Q2MaterialisedAnnual report
「In the information and services industries to which the group belongs, business conditions have not deteriorated significantly, but demand for some transactions has declined as overall economic activity contracted.」
The decline in customer demand previously described as a possibility during an economic downturn is now described as an actual decline in transaction demand accompanying the contraction in economic activity. - FY2020First statedAnnual report
「However, if the economic environment deteriorates sharply, customer demand may decline more than anticipated, potentially affecting the company’s operating results and financial position.」
Although the business is described as relatively resilient to economic conditions, declining demand during a sharp deterioration is identified as a risk.