Uncertainty in Overseas Economies Stemming from US-China Trade Frictions and the UK's Withdrawal from the EU, among Other Factors
First written in FY2020-Q2. 5 of 15 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2026-H1MitigatedAnnual report
「The overseas Working business, which mainly provides staffing and recruitment services in Singapore and Australia, posted lower revenue due in part to the negative impact of approximately ¥1,400 million from the yen's appreciation year on year, despite a gradual recovery in demand for staffing services and signs of a partial recovery in depressed demand for recruitment services.」
Overseas labor demand showed a gradual recovery in demand for staffing services and a partial recovery in demand for recruitment services. However, the stronger yen and weak demand continue to affect performance. - FY2025WorsenedAnnual report
「In Singapore and Australia, concerns have emerged that, in addition to worsening business sentiment due to inflation and rising interest rates following the large-scale economic stimulus implemented during the COVID-19 pandemic, companies that sharply increased hiring after COVID-19 have become overstaffed and may continue to restrain hiring for an extended period.」
Overseas, concerns have emerged about overstaffing among customers that increased hiring after COVID-19, as well as prolonged hiring restraints, in addition to inflation and rising interest rates. - FY2025-H1WorsenedAnnual report
「Overseas, since the post-COVID surge in labor demand ran its course, hiring restraints by major customers have persisted. The Company is implementing phased cost reductions and continuing measures to secure sustainable earnings even amid weak labor demand.」
Overseas, in addition to the post-COVID surge in labor demand having run its course, prolonged hiring restraints by major customers have caused weak labor demand to persist. Phased cost reductions are being implemented as a response measure. - FY2024-Q3WorsenedAnnual report
「Overseas, staffing-services revenue declined in Australia due to a decrease in the number of dispatched workers on assignment as some customers curbed hiring. Recruitment-services revenue also declined because the surge in post-COVID demand for recruitment services in the previous fiscal year had run its course.」
In the overseas economic and demand environment, the end of the post-COVID surge in recruitment demand and hiring restraints by some Australian customers became apparent in the form of declines in the number of dispatched workers on assignment and staffing-services revenue. - FY2024-Q2RestatedAnnual report
「Although the number of job openings in both Singapore and Australia has recently declined, it remains at a high level compared with before the spread of COVID-19. Staffing services performed well because the Company operates in stable areas such as government projects. Recruitment-services revenue declined year on year because the surge in post-COVID demand for recruitment services in the previous fiscal year had run its course.」
It explains that the recent decline in job openings and the decline in recruitment-services revenue continued in Singapore and Australia, while job-opening levels remained above those before the spread of COVID-19 and staffing services remained strong. - FY2024-Q1Decline in overseas job openings and recruitment-services revenueAnnual report
「Although the number of job openings in both Singapore and Australia has recently declined, it remains at a high level compared with before the spread of COVID-19. Staffing services performed well because the Company operates in stable areas such as government projects. Recruitment-services revenue declined year on year because the surge in post-COVID demand for recruitment services in the previous fiscal year had run its course.」
It explains that the number of job openings in Singapore and Australia has recently declined, as has recruitment-services revenue year on year, while job-opening levels remain above those before the spread of COVID-19 and staffing services remain strong. - FY2023-Q3WorsenedAnnual report
「Amid concerns about a global economic recession, the surge in post-COVID demand for recruitment services has been easing since the third quarter, while staffing services performed well.」
It explains that, amid continuing concerns about an overseas economic recession, the surge in recruitment demand following COVID-19 has been easing since the third quarter. Staffing services, however, remained strong. - FY2022-Q2RestatedAnnual report
「Overseas, in Singapore and Australia, where the Company mainly operates, measures such as lockdowns were implemented due to the spread of COVID-19, but demand for labor remained strong, and both staffing and recruitment services performed well.」
It explains that although lockdowns and other measures were implemented in Singapore and Australia, demand for staffing and recruitment services remained strong. - FY2022-Q1MitigatedAnnual report
「Overseas, in Singapore and Australia, where the Company mainly operates, staffing and recruitment services both performed well as customers resumed hiring activity that had been constrained after the spread of COVID-19 was brought under control.」
In Singapore and Australia, customers resumed hiring activity as the spread of infections was brought under control, and both staffing and recruitment services performed well. - FY2021MitigatedAnnual report
「Although demand for recruitment services had declined due to economic slowdowns and stalled corporate activity in Australia and Singapore, demand is now recovering as the spread of infections has been brought under control.」
Although weaker demand for recruitment services due to the overseas economic slowdown remains, it notes a recovery in demand associated with the containment of infections. - FY2021-Q3MitigatedAnnual report
「Although demand for recruitment services had declined due to economic slowdowns and stalled corporate activity in Australia and Singapore, demand is now recovering as the spread of infections has been brought under control.」
It explains that demand for recruitment services continued to decline due to economic slowdowns and stalled corporate activity in Australia and Singapore, while demand was recovering as the spread of infections was brought under control. - FY2021-Q2RestatedAnnual report
「Although staffing services provided in the ASEAN and Oceania regions, including staffing of government-related personnel, engineers, finance professionals and legal professionals, remained stable despite the spread of COVID-19, demand for recruitment services declined due to the economic slowdown in Australia and Singapore and stagnation in corporate activity.」
It explains that demand for recruitment services declined amid economic slowdowns and stalled corporate activity in Australia and Singapore, while staffing services for government-related projects, engineers, finance, legal and other areas remained stable. - FY2021-Q1WorsenedAnnual report
「Although staffing services provided in the ASEAN and Oceania regions, including staffing of government-related personnel, engineers, finance professionals and legal professionals, remained stable despite the spread of COVID-19, demand for recruitment services declined due to the economic slowdown in Australia and Singapore and stagnation in corporate activity.」
The uncertainty surrounding overseas economies became apparent in the form of economic slowdowns and stalled corporate activity in Australia and Singapore associated with COVID-19, as well as weaker demand for recruitment services. - FY2020-Q3Addition and specification of risk factorsAnnual report
「However, the outlook remains uncertain due to uncertainty in overseas economies arising from the worsening situation in the Middle East, developments concerning US-China trade issues, the outlook for the Chinese economy, Brexit and other factors.」
Regarding the continuing uncertainty in overseas economies from the previous quarter, the worsening situation in the Middle East and the outlook for the Chinese economy were additionally identified as specific factors. - FY2020-Q2First statedAnnual report
「The outlook remains uncertain due to uncertainty in overseas economies arising from US-China trade tensions, Brexit and other factors.」
Uncertainty in overseas economies is described as an external risk in the economic environment for the second quarter under review.