Intensifying Competition with Major Manufacturers and Specialist System Integrators

「However, competition with existing major computer manufacturers and specialized systems integrators has intensified. The group is seeking to increase sales by proposing high-quality solutions, but pressure to lower unit prices has strengthened as prices for information and communications equipment have declined.」

「During the first six months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

「During the cumulative third-quarter period, there were no occurrences of major risks that management recognizes could materially affect the financial condition, operating results or cash flow of the consolidated companies among the matters concerning the business and financial conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」

「During the cumulative first-quarter period, there were no occurrences of major risks that management recognizes could materially affect the financial condition, operating results or cash flow of the consolidated companies among the matters concerning the business and financial conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」

「However, competition with existing major computer manufacturers and specialized systems integrators has intensified. The group is seeking to increase sales by proposing high-quality solutions, but pressure to lower unit prices has strengthened as prices for information and communications equipment have declined.」

「During the cumulative second-quarter period, there were no occurrences of major risks that management recognizes could materially affect the financial condition, operating results or cash flow of the consolidated companies among the matters concerning the business and financial conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」

「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the cumulative first-quarter period, there were no occurrences of major risks that management recognizes could materially affect the financial condition, operating results or cash flow of the consolidated companies among the matters concerning the business and financial conditions described in the quarterly report, nor were there any material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」

「However, competition with existing major computer manufacturers and specialized systems integrators has intensified. The group is seeking to increase sales by proposing high-quality solutions, but pressure to lower unit prices has strengthened as prices for information and communications equipment have declined.」

「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「During the cumulative second-quarter period, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

「During the cumulative first-quarter period, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

「During the cumulative first-quarter period, no matters arose that could materially affect investors' decisions. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

「However, competition with existing major computer manufacturers and specialized systems integrators has intensified. The group is seeking to increase sales by proposing high-quality solutions, but pressure to lower unit prices has strengthened as prices for information and communications equipment have declined.」

「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

「However, competition with existing major computer manufacturers and specialized systems integrators has intensified.」

「However, competition with existing major computer manufacturers and specialized systems integrators has intensified. The group is seeking to increase sales by proposing high-quality solutions, but pressure to lower unit prices has strengthened as prices for information and communications equipment have declined.」