Economic downturn, financial market volatility, and restrained investment by financial institutions and public-sector organizations
First written in FY2016. 14 of 32 entries say "Restated". Latest entry: FY2026.
Sakura Kcs moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 16 of 36 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「At the same time, the business environment is changing markedly, including shortages of IT personnel, the rapid evolution of AI, and increasingly serious cyberattack risks, and uncertainty is expected to increase further.」
In addition to the existing risks of economic fluctuations and customers' restrained information technology investment, the company explicitly identified shortages of IT personnel, the rapid evolution of AI, and increasingly serious cyberattack risks as sources of uncertainty in the business environment. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there has been no emergence of any of the major risks that management recognizes as potentially having a material effect on the financial position, operating results or cash flows of the consolidated companies among the matters concerning the business and financial condition described in this interim report, nor any significant change in the risks described under “Business and Other Risks” in the securities report for the previous fiscal year.」
The company comprehensively states that there were no material changes in the risks related to an economic downturn, financial market volatility, and restrained investment by financial institutions and in the public sector. - FY2025WorsenedAnnual report
「Concerns have been raised about the impact of a global economic slowdown resulting from higher US tariffs. In the information services industry, conditions including rising prices due to global inflation and yen depreciation, as well as higher personnel expenses and labor shortages, continue」
In addition to the existing risks of economic fluctuations and restrained investment, the company explicitly identified a global economic slowdown caused by US tariffs, inflation and yen depreciation, rising personnel expenses, and labor shortages as business-environment risks. At the same time, it expects the market to remain strong due to demand for digital transformation. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The company states that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2024-Q3RestatedAnnual report
「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.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2024-Q2RestatedAnnual report
「During the cumulative second 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.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2024-Q1Increase in system development for the financial sectorAnnual report
「For the consolidated cumulative first quarter, net sales increased by ¥31 million, or 0.6%, year on year to ¥5,311 million, mainly due to an increase in system development for the financial sector and higher sales of system equipment in the public sector.」
The increase in system development for the financial sector was the main driver of the overall increase in revenue. The risk section states that there was no material change in the risk of restrained information technology investment by financial institutions, and does not explicitly indicate that the risk itself has declined. - FY2023-Q3RestatedAnnual report
「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.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2023-Q2RestatedAnnual report
「During the cumulative second 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.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2022-Q3RestatedAnnual report
「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.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2022-Q2RestatedAnnual report
「During the cumulative second 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.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2021-Q3RestatedAnnual report
「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.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2021-Q2RestatedAnnual report
「During the cumulative second 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.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company stated that there were no material changes in the risks related to economic conditions, financial markets, and restrained investment by financial institutions and in the public sector. - FY2020WorsenedAnnual report
「While demand for investment in information technology is expected to increase in connection with work-style and education reforms, including measures to address COVID-19, information technology investment is generally expected to decline due to the reactionary drop from the increase in demand in the previous fiscal year related to the consumption tax rate increase and the change of era, as well as deteriorating corporate earnings and cash flows. Accordingly, the business environment for the corporate group is expected to become more challenging.」
In addition to the existing risk of restrained investment by financial institutions and in the public sector, the company explicitly identified infectious diseases, a reactionary decline in demand, and reduced information technology investment due to deteriorating corporate earnings and cash flows. - FY2020-Q3RestatedAnnual report
「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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The risk section states that there were no significant changes regarding risks related to the economy, financial markets, and restrained investment by financial institutions and the public sector. - FY2020-Q2Revenue growth across all segmentsAnnual report
「System integration increased in the financial-, public-sector- and industrial-related segments. In addition, a substantial increase in system equipment sales in the industrial-related segment and higher system operations and maintenance resulting from growth in cloud and BPO projects in the public-sector- and industrial-related segments contributed to revenue growth of ¥1,467 million, or 15.3%, year on year to ¥11,058 million.」
Regarding the restraint on investment by financial institutions and others, whose impact had been noted through the previous period, system development increased in each of the financial-, public- and industrial-related segments in the current quarter, resulting in a 15.3% increase in consolidated net sales. - FY2020-Q1Revenue growth across the related segmentsAnnual report
「System development increased steadily in the financial-, public- and industrial-related segments. In addition, the public-related segment secured a large-scale system equipment sales project, while system operations and management increased in the industrial-related segment due to an increase in cloud and BPO projects, resulting in a ¥399 million, or 10.2%, year-on-year increase in net sales to ¥4,327 million.」
Although revenue had continued to decline through the previous period due to restrained information systems investment by financial institutions, system development increased across all segments, including the financial-related segment, in the current quarter, resulting in a 10.2% increase in consolidated net sales. Meanwhile, the risk section states that there were no significant changes. - FY2019-Q3MaterialisedAnnual report
「For the consolidated results of the corporate group for the nine months ended in the third quarter, the industrial-related segment increased against a backdrop of higher demand for ERP solutions and a recovery in information systems investment by general corporations in the Kansai region. However, the financial-related segment declined due to the impact of restrained information systems investment by financial institutions, while the public-related segment also declined due to the pullback from a large-scale system equipment sales project in the same quarter of the previous year and the completion of a large-scale outsourcing project, resulting in a ¥136 million, or 1.0%, year-on-year decrease in net sales to ¥14,102 million.」
Continued restraint on information systems investment by financial institutions appeared in the results as a decline in the financial-related segment. In the public-related segment, the pullback from a large-scale sales project and the completion of an outsourcing project also contributed, resulting in a 1.0% year-on-year decline in consolidated net sales. - FY2019-Q2MaterialisedAnnual report
「The industrial-related segment increased due to strong system development and system equipment sales in the Kansai region and other factors, but the financial-related segment declined due to the impact of restrained information systems investment by financial institutions. The public-related segment also declined, mainly due to a pullback from a large-scale system equipment sales project in the same quarter of the previous year, resulting in a ¥92 million, or 1.0%, year-on-year decrease in net sales to ¥9,590 million.」
Continued restraint on information systems investment by financial institutions appeared in the results as a decline in the financial-related segment. In the public-related segment, the pullback from a large-scale sales project in the previous year also contributed, resulting in a 1.0% year-on-year decline in consolidated net sales. - FY2019-Q1MaterialisedAnnual report
「For the consolidated results of the corporate group for the three months ended in the first quarter, net sales declined by ¥182 million, or 4.4%, year on year to ¥3,927 million. Although the industrial-related segment increased due to higher orders for ERP solution projects and other factors, the financial-related segment declined significantly due to the continued restraint on information systems investment by financial institutions, and the public-related segment also declined.」
Continued restraint on information systems investment by financial institutions led to a 4.4% year-on-year decline in consolidated net sales through the decrease in the financial-related segment and other factors. - FY2018MaterialisedAnnual report
「Financial institutions are not expected to significantly increase their information systems investment, and the business environment for the corporate group is expected to remain challenging.」
Continued restraint on information systems investment by financial institutions resulted in a 5.4% year-on-year decline in revenue in the financial-related segment, to ¥6,929 million. - FY2018-Q3MaterialisedAnnual report
「For the consolidated results of the corporate group for the nine months ended in the third quarter, system development declined mainly because transactions with financial institutions decreased due to the continued restraint on information systems investment, while transactions for general corporations through major vendors also declined, resulting in a ¥691 million, or 4.6%, year-on-year decrease in net sales to ¥14,238 million.」
Continued restraint on information systems investment by financial institutions led to a 4.6% year-on-year decline in consolidated net sales through the decrease in transactions with financial institutions and other factors. - FY2018-Q2MaterialisedAnnual report
「For the consolidated results of the corporate group for the six months ended in the second quarter, net sales declined by ¥700 million, or 6.7%, year on year to ¥9,683 million, mainly because system development in the financial-related segment declined due to the continued restraint on information systems investment by financial institutions.」
Continued restraint on information systems investment by financial institutions led to a 6.7% year-on-year decline in consolidated net sales through the decrease in system development in the financial-related segment. - FY2018-Q1MaterialisedAnnual report
「For the consolidated results of the corporate group for the three months ended in the first quarter, net sales declined by ¥209 million, or 4.8%, year on year to ¥4,110 million, mainly because system development in the financial-related segment declined due to the continued restraint on information systems investment by financial institutions.」
Continued restraint on information systems investment by financial institutions led to a 4.8% year-on-year decline in consolidated net sales through the decrease in system development in the financial-related segment. - FY2017MaterialisedAnnual report
「System development in the financial-related segment declined significantly, mainly due to the impact of financial institutions restraining information systems investment in response to the negative interest rate policy, resulting in a ¥480 million, or 2.0%, year-on-year decrease in net sales to ¥23,066 million.」
Financial institutions' restraint on information systems investment became apparent on a full-year basis, appearing in the results as a 2.0% decline in consolidated net sales and a 16.0% decline in revenue in the financial-related segment. - FY2017-Q3MaterialisedAnnual report
「System development in the financial-related segment declined significantly due to lower orders resulting from restrained information systems investment by financial institutions, resulting in a ¥522 million, or 3.4%, year-on-year decrease in net sales to ¥14,929 million.」
The decline in orders resulting from restrained information systems investment by financial institutions continued, appearing in the results as a 3.4% decline in consolidated net sales through the decrease in system development in the financial-related segment. - FY2017-Q2MaterialisedAnnual report
「In addition to a decline in system development in the financial-related segment due to lower orders resulting from restrained information systems investment by financial institutions and others, sales of system equipment in the industrial-related segment also declined, resulting in a ¥306 million, or 2.9%, year-on-year decrease in net sales to ¥10,384 million.」
The decline in orders resulting from restrained information systems investment by financial institutions continued, and the decline in equipment sales in the industrial-related segment also contributed, resulting in a decline in revenue for the six months ended in the second quarter. - FY2017-Q1MaterialisedAnnual report
「System development declined across all business segments, mainly because financial institutions and others restrained information systems investment and project sizes were generally smaller than in the same quarter of the previous year. Sales of system equipment in the industrial-related segment also declined, resulting in a ¥265 million, or 5.8%, year-on-year decrease in net sales to ¥4,319 million.」
Restraint on information systems investment by financial institutions and the smaller size of projects actually occurred, leading to a decline in system development across all business segments and a quarterly decline in revenue. - FY2016First statedAnnual report
「Uncertainty about the outlook is increasing due to risks of an economic downturn in China and emerging markets, as well as the impact of substantial volatility in financial and capital markets. The business environment for the information services industry is also expected to become more challenging, due to financial institutions restraining systems investment in response to the impact of negative interest rates and the completion of the investment cycle for information systems to address regulatory changes in the public sector.」
Macroeconomic conditions, monetary policy, and the completion of investment to address regulatory changes are identified as future business environment risks.