Risk of declining customer IT investment due to an economic downturn
First written in FY2016. 22 of 30 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 19 of 39 companies on the "Worse" side.
53 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no occurrences of matters that could materially affect investors' decisions among those concerning the business and accounting conditions described in the interim securities report, nor were there any significant changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2024-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan's economy showed signs of a gradual recovery as employment and income conditions improved. However, the outlook remained uncertain due to the prolonged global geopolitical risks and the impact of interest-rate policies on the economy.」
It indicates that domestic employment and income conditions are improving and the economy is recovering gradually, while also noting continued uncertainty due to prolonged geopolitical risks and the impact of interest-rate policies. - FY2024-Q2Domestic economic recovery alongside concerns over a slowdown in the global economyAnnual report
「During the second quarter of the current consolidated cumulative period, Japan's economy showed signs of a gradual recovery as employment and income conditions improved. However, the outlook remains uncertain due to concerns that the global economy could slow because of worldwide geopolitical risks and that yen depreciation could accelerate further.」
It indicates that the domestic economy is recovering and employment and income conditions are improving, while also noting concerns over a slowdown in the global economy and accelerating yen depreciation. - FY2024-Q1Recovery in the domestic economy alongside uncertainty in overseas economiesAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy has been recovering as social activity has normalized following the reclassification of the novel coronavirus disease to Category 5. However, the outlook for overseas economies remains uncertain due to concerns over heightened geopolitical risks, worldwide inflation, supply constraints and the impact of monetary tightening.」
It states that social activity is normalizing and the domestic economy is recovering, while several sources of uncertainty continue to affect overseas economies. - FY2023RestatedAnnual report
「However, if the Japanese economy stagnates or deteriorates, customers' investments in information technology may decline, potentially affecting the Group's operating performance and other results.」
It reiterates the risk that economic stagnation or deterioration could reduce customers' investments in information technology. - FY2023-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2022 to 30 June 2022), the Japanese economy remained in a difficult situation, as the spread of the novel coronavirus disease, uncertainty arising from the situation in Ukraine, yen depreciation and fluctuations in financial and capital markets had a significant impact on personal consumption and economic activity.」
It states that the novel coronavirus disease, the situation in Ukraine, yen depreciation and fluctuations in financial and capital markets have affected personal consumption and economic activity, and that difficult economic conditions continue. - FY2022-Q3RestatedAnnual report
「In the information services industry, demand to establish and strengthen telework environments since the previous year has run its course, while companies have resumed ICT investment that had remained constrained. Demand related to digital transformation, particularly efforts to strengthen and transform businesses, has increased.」
It reiterates the view of the business environment that demand for establishing telework environments has run its course, while corporate ICT investment has resumed and demand related to DX has increased. - FY2022-Q2RestatedAnnual report
「In the information services industry, demand to establish and strengthen telework environments since the previous year has run its course, while companies have resumed ICT investment that had remained constrained. Demand related to digital transformation, particularly efforts to strengthen and transform businesses, has increased.」
It reiterates the view of the business environment that demand for establishing telework environments has run its course, while corporate ICT investment has resumed and demand related to DX has increased. - FY2022-Q1Resumption of ICT investment and increased DX demandAnnual report
「In the information services industry, demand to establish and strengthen telework environments since the previous year has run its course, while companies have resumed ICT investment that had remained constrained. Demand related to digital transformation, particularly efforts to strengthen and transform businesses, has increased.」
While stating that the economic environment remains difficult because of the novel coronavirus disease, it indicates that companies have resumed previously constrained ICT investment and that demand related to DX has increased. - FY2021RestatedAnnual report
「However, if the Japanese economy stagnates or deteriorates, customers' investments in information technology may decline, potentially affecting the Group's operating performance and other results.」
It reiterates the risk that economic stagnation or deterioration could reduce customers' investments in information technology. - FY2021-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, the Japanese economy remained in a difficult situation due to the impact of the novel coronavirus disease. However, as social and economic activity has been gradually ramped up, signs of a recovery have emerged, supported by the effects of various policies and improvements in overseas economies. Nevertheless, it is necessary to closely monitor developments in the disease domestically and overseas, as well as fluctuations in financial and capital markets.」
It presents the difficult economic conditions caused by the novel coronavirus disease alongside signs of a recovery supported by policy effects and improvements in overseas economies, while continuing to remain alert to developments in the disease and other factors. - FY2021-Q2Recovery in economic conditions alongside continued uncertaintyAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy remained in a difficult situation due to the impact of the novel coronavirus disease. However, as social and economic activity has been gradually ramped up, signs of a recovery have emerged, supported by the effects of various policies and improvements in overseas economies. Nevertheless, it is necessary to closely monitor developments in the disease domestically and overseas, as well as fluctuations in financial and capital markets.」
It describes the economy as remaining difficult due to the novel coronavirus disease, while also noting signs of a recovery supported by policy effects and improvements in overseas economies. At the same time, it continues to remain alert to developments in the disease and fluctuations in financial and capital markets. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy remained in a difficult situation due to the impact of the novel coronavirus disease. Although social and economic activity has been gradually ramped up since around June while measures to prevent the spread of infection have been implemented, infections have been trending upward, particularly in major cities, and the outlook is expected to remain uncertain for the time being.」
Regarding the risk of economic deterioration, it indicates that economic conditions remain difficult because of the impact of the novel coronavirus disease, with infections continuing to spread and the outlook remaining uncertain. It does not state that a decline in customer IT investment caused by the novel coronavirus has occurred. - FY2020WorsenedAnnual report
「In Japan as well, domestic economic conditions are deteriorating rapidly, partly because the spread of social anxiety caused by the novel coronavirus disease has intensified.」
Regarding the previously identified risk that economic stagnation or deterioration could reduce customer investment in information technology, it states that domestic economic conditions deteriorated rapidly because of the impact of the novel coronavirus disease. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2020-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2019RestatedAnnual report
「However, if the Japanese economy stagnates or deteriorates, customers' investments in information technology may decline, potentially affecting the Group's operating performance and other results.」
It reiterates the risk that economic stagnation or deterioration could reduce customers' investments in information technology. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2019-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2018RestatedAnnual report
「However, if the Japanese economy stagnates or deteriorates, customers' investments in information technology may decline, potentially affecting the Group's operating performance and other results.」
It reiterates the risk that economic stagnation or deterioration could reduce customers' investments in information technology. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2018-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2018-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2017RestatedAnnual report
「However, if the Japanese economy stagnates or deteriorates, customers' investments in information technology may decline, potentially affecting the Group's operating performance and other results.」
It reiterates the risk that economic stagnation or deterioration could reduce customers' investments in information technology. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter, there were no occurrences among matters concerning the business and financial conditions described in this quarterly report that could materially affect investors’ decisions, and no material changes to the “business and other risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes or occurrences in existing business and other risks, including the risk of reduced customer IT investment due to economic deterioration. - FY2017-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The Company provides a comprehensive statement that there have been no material changes to the business and other risks described in the previous fiscal year. - FY2016First statedAnnual report
「However, if the Japanese economy stagnates or deteriorates, customers' investments in information technology may decline, potentially affecting the Group's operating performance and other results.」
It identifies economic stagnation or deterioration as an external risk that could reduce customers' investments in information technology.