Economic Conditions and Investment Trends in the Cloud Market
First written in FY2022. 6 of 13 entries say "Worsened", first in FY2023-Q1. Latest entry: 2026-08-12.
circlace Inc moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 16 of 36 companies on the "Worse" side.
51 other companies' latest entry also says "Restated".
- 2026-08-12RestatedEarnings
「Looking ahead, the outlook remains highly uncertain due to upward pressure on the global economy from higher energy and raw material prices associated with heightened geopolitical risks, particularly in the Middle East, protectionist policies pursued by the United States and other countries, and supply-side constraints in supply chains.」
The company continued to highlight uncertainty in the economic environment from geopolitical risks, protectionist policies and supply constraints. - FY2026RestatedAnnual report
「The outlook remains uncertain due to factors including continued price increases, a worsening labor shortage, exchange-rate fluctuations and increasing instability in overseas conditions.」
The disclosure continues to indicate uncertainty in the economic environment resulting from prices, labor shortages, exchange rates and overseas conditions. - FY2026-H1WorsenedAnnual report
「However, conditions changed from summer to autumn. In the housing market in particular, construction investment fell sharply as demand brought forward ahead of regulatory changes subsided. The overseas trade environment was also unstable, and as the effects of tariffs continued, exporting companies increasingly struggled with price adjustments and maintaining profitability. For consumers, prices continued to rise while wage growth lagged behind, increasing the burden on household finances, and the recovery in consumer spending is expected to take time.」
The disclosure cites an economic slowdown, a decline in construction investment, increasing instability in the trade environment, including the effects of tariffs, and rising prices coupled with sluggish wage growth as factors contributing to uncertainty in the external environment. It also states that there have been no material changes in the business and other risks section. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period, the U.S. economy remained relatively strong and the U.S. cut interest rates, resulting in an adjustment in the dollar-yen exchange rate. However, the interest rate differential between Japan and overseas markets remained substantial, and Japan continued to face historically weak yen levels. Inflation also continued to drive higher prices. Although wage increases were achieved in the annual spring wage negotiations, real wages continued to decline, and the outlook remained uncertain.」
In addition to yen depreciation, inflation and higher prices, the disclosure cites declining real wages and historically weak yen levels as factors contributing to uncertainty in the economic environment. - FY2024RestatedAnnual report
「Although higher prices caused by the yen’s depreciation and the effects of monetary policy have continued and the economic outlook remains uncertain, domestic companies’ willingness to invest in digital transformation (hereinafter, “DX”) remains solid.」
The company describes uncertainty in the economic outlook resulting from yen depreciation, higher prices and monetary policy, while stating that appetite for DX investment remains solid. - FY2024-Q3WorsenedAnnual report
「During the cumulative third quarter, Japan’s economy remained uncertain, as the situation in Ukraine continued, the rise in inflation showed some temporary signs of easing, the effects of high resource prices remained persistent, and global monetary tightening continued. In addition, Israel launched an incursion into the Gaza Strip, contributing to unstable international conditions.」
In addition to the prolonged situation in Ukraine, high resource prices and global monetary tightening, Israel’s incursion into the Gaza Strip is cited as a new external factor, increasing uncertainty about the outlook. - FY2024-Q2WorsenedAnnual report
「However, amid the prolonged situation in Ukraine, inflationary pressure remained persistent, global monetary tightening continued, and expectations of prolonged interest rate hikes prevailed, creating unstable international conditions. In addition, the outlook remains uncertain due to the renewed depreciation of the yen and rising prices.」
In addition to the previously cited prolonged situation in Ukraine, inflationary pressure, expectations of prolonged interest rate hikes and continued yen depreciation, the disclosure cites global monetary tightening, renewed yen depreciation and rising prices, indicating increased uncertainty in the external environment. - FY2024-Q1RestatedAnnual report
「However, amid the prolonged situation in Ukraine, inflationary pressure remains persistent, and the outlook remains uncertain given unstable international conditions, including expectations of prolonged interest rate hikes, as well as the continued depreciation of the yen.」
The uncertainty in the external environment resulting from the prolonged situation in Ukraine, persistent inflationary pressure, expectations of prolonged interest rate hikes and the continued depreciation of the yen continues to be disclosed. - FY2023RestatedAnnual report
「However, if worsening economic conditions and business trends cause companies to refrain from active investment, the market could contract, potentially affecting the company’s financial condition and operating results.」
The risk of cloud market contraction due to an economic downturn and restrained corporate IT investment continues to be disclosed. - FY2023-Q3WorsenedAnnual report
「However, the outlook remains uncertain due to unstable international conditions, including the prolonged situation in Ukraine and ongoing interest rate hikes amid inflation concerns, as well as soaring raw material and energy prices and the continued depreciation of the yen.」
In addition to the previously cited international conditions, soaring raw material and energy prices, and yen depreciation, the disclosure cites the prolonged situation in Ukraine, inflation concerns and ongoing interest rate hikes, adding factors contributing to uncertainty in the external environment. - FY2023-Q2RestatedAnnual report
「However, the outlook remains uncertain due to unstable international conditions, including the situation in Ukraine, soaring raw material and energy prices, and the yen’s depreciation.」
The uncertainty in the external environment resulting from the situation in Ukraine, soaring raw material and energy prices, and the yen’s depreciation is reiterated. The company states that there have been no material changes to its business and other risks. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan’s economy showed signs of moving toward normalization as restrictions on economic activity, including priority preventive measures to prevent the spread of COVID-19, were lifted. However, the outlook remains uncertain due to unstable international conditions, including the situation in Ukraine, weakening consumer sentiment resulting from soaring raw material and energy prices, and the yen’s rapid depreciation.」
In connection with the existing risks related to economic and investment trends, external factors including the situation in Ukraine, soaring raw material and energy prices, and the yen’s rapid depreciation were listed. The disclosure does not indicate any individual loss or realization of risk. - FY2022First statedAnnual report
「However, if worsening economic conditions and business trends cause companies to refrain from active investment, the market could contract, potentially affecting the company’s financial condition and operating results.」
The company identifies the risk of cloud market contraction resulting from restrained corporate IT investment and an economic downturn.