Risk of Reduced Customer IT Investment Due to Economic Fluctuations
First written in FY2016. 10 of 20 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2026.
Acmos moved to the "Worse" side of this theme in 2019, 1 year 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
「Although the economy is on a gradual recovery trend, supported by the recovery of the services sector and strong corporate appetite for capital investment, uncertainty about the outlook continues amid concerns including higher resource and funding costs, such as surging oil prices due to heightened tensions in the Middle East and rising long-term interest rates.」
Against a backdrop of economic recovery, the situation in the Middle East, oil prices, long-term interest rates and rising resource and funding costs have emerged as additional sources of uncertainty. - FY2026-H1MaterialisedAnnual report
「IT investment has become increasingly cautious, particularly among manufacturing customers. In response to requests to revise plans and adjust staffing levels, the company is responding by adjusting personnel and transferring them to other projects.」
The risk of fluctuations in customers' IT investment materialised in the form of specific impacts on manufacturing customers, including greater caution toward IT investment, plan revisions and requests for staffing adjustments. - FY2025WorsenedAnnual report
「During the consolidated fiscal year, Japan's economy showed a gradual recovery, but concerns about the outlook continued due to US tariff policy, China's economic slowdown, rising prices and a growing sense of labour shortages.」
Regarding economic fluctuation risks, the company identified US tariff policy and China's economic slowdown as concerns for the outlook, in addition to the previously cited factors of rising prices and labour shortages. - FY2025-H1WorsenedAnnual report
「During the six-month interim consolidated accounting period, Japan's economy showed a gradual recovery, but the outlook remained uncertain due to China's economic slowdown, heightened international tensions, rising prices and a growing sense of labour shortages.」
Despite a gradual economic recovery, the company identified China's economic slowdown, heightened international tensions, rising prices and a growing sense of labour shortages as new sources of uncertainty. - FY2024-Q3Overseas economic recovery alongside uncertainty from inflation and sluggish domestic demandAnnual report
「During the nine-month consolidated period under review, Japan's economy remained uncertain due to the effects of global inflation and a trend toward sluggish domestic demand, despite reduced downside risks to overseas economies, particularly the US economy, and solid capital-investment appetite among domestic companies.」
The company describes reduced downside risks to overseas economies and solid capital-investment appetite among domestic companies, while noting uncertainty about the outlook due to global inflation and sluggish domestic demand. - FY2024-Q2Economic recovery alongside inflation riskAnnual report
「During the six-month consolidated period under review, Japan's economy showed a gradual recovery as downside risks to overseas economies, particularly the US economy, receded and domestic companies maintained solid capital-investment appetite. However, the outlook remained uncertain due to the effects of global inflation.」
The company describes a recovery trend driven by reduced downside risks to overseas economies and capital investment by domestic companies, while noting that uncertainty about the outlook continues due to global inflation. - FY2023RestatedAnnual report
「As the shift toward a lifestyle with COVID-19 continued, economic activity showed a gradual recovery trend, but the outlook remained uncertain due to the effects of global inflation and monetary tightening.」
The company continues to describe the coexistence of a recovery trend in economic activity and uncertainty caused by global inflation and monetary tightening. - FY2023-Q2Recovery with COVID-19 alongside uncertainty from inflation and monetary tighteningAnnual report
「During the six-month consolidated period under review, although the impact of COVID-19 remained, the shift toward a lifestyle with COVID-19 continued and economic activity showed a gradual recovery trend. However, the outlook remained uncertain due to the effects of global inflation and monetary tightening.」
While the impact of COVID-19 remained, the company described the shift to living with COVID-19 and the gradual recovery in economic activity. It newly identified the effects of global inflation and monetary tightening as sources of uncertainty. - FY2023-Q1Economic recovery alongside financial uncertaintyAnnual report
「Although the number of infections began to stabilise after the renewed spread of COVID-19, resulting in a gradual economic recovery, the outlook remained uncertain due to rising resource prices against the backdrop of the prolonged situation in Ukraine, as well as sharp currency fluctuations and turmoil in financial markets caused by global monetary tightening led by the United States.」
While the stabilisation in infections and the economic recovery trend are noted, the outlook remains uncertain due to resource prices, currency fluctuations and turmoil in financial markets. - FY2022-Q3WorsenedAnnual report
「During the nine-month consolidated period under review, Japan's economy remained uncertain, as the number of COVID-19 cases continued to fluctuate and resource prices rose and financial conditions became unsettled against the backdrop of the situation in Ukraine.」
In addition to the pandemic, rising resource prices and unsettled financial conditions stemming from the situation in Ukraine were identified as new sources of uncertainty. - FY2022-Q1RestatedAnnual report
「Although the business environment is relatively solid, IT-related investment is susceptible to the economic outlook, and future trends require close monitoring.」
While the business environment remains relatively solid, the company continues to indicate the risk that IT-related investment may fluctuate depending on the economic outlook. - FY2021WorsenedAnnual report
「While the global spread of COVID-19 continued, infections with variants also spread in Japan. In Tokyo, where the company is headquartered, the declaration of a state of emergency was repeatedly issued, and the economic outlook remains uncertain.」
Uncertainty about the economic outlook continues due to the ongoing pandemic, the spread of variants and repeated declarations of a state of emergency in Tokyo. - FY2021-Q2Partial recovery alongside a renewed spread of infectionsAnnual report
「While the global spread of COVID-19 continued, economic activity in Japan gradually resumed as a result of various measures, and real GDP growth turned positive in July-September 2020, with signs of a recovery in some areas. However, the number of infections in Japan began to rise again around December 2020, and the outlook remains uncertain.」
The company describes the gradual resumption of economic activity and the return of real GDP growth to positive territory, while noting that infections began to rise again around December 2020 and the outlook remains uncertain. - FY2021-Q1WorsenedAnnual report
「Although the outlook for the end of COVID-19 remains uncertain and some private-sector companies have become more cautious about IT investment」
The company newly states that the inability to foresee the end of COVID-19 has led to greater caution among private-sector companies toward IT investment. - FY2020WorsenedAnnual report
「In addition to the prolonged US-China trade tensions and the impact of the consumption tax increase implemented in October last year, the global spread of COVID-19, which became pronounced around the beginning of 2020, caused economic activity in Japan to stagnate rapidly, leaving the outlook uncertain.」
In addition to the existing trade tensions and consumption tax increase, the global spread of COVID-19 and the rapid stagnation of domestic economic activity further intensified uncertainty surrounding the risk of economic fluctuations. - FY2020-Q3WorsenedAnnual report
「Although Japan's employment environment continued to improve during the quarter, uncertainty about the outlook intensified amid the prolonged US-China trade tensions, concerns about a slowdown in the global economy, a decline in personal consumption following the consumption tax increase implemented in October, and the global spread of COVID-19, which became pronounced around the beginning of 2020.」
In addition to the existing trade tensions, global economic slowdown and consumption tax increase, the global spread of COVID-19 further intensified uncertainty about the economic outlook. - FY2020-Q2WorsenedAnnual report
「Although Japan's employment environment continued to improve during the quarter, uncertainty about the outlook intensified amid the prolonged US-China trade tensions, concerns about a slowdown in the global economy, and a decline in personal consumption following the consumption tax increase implemented in October.」
The company states that uncertainty about the economic outlook intensified due to the existing US-China trade tensions and concerns about a global economic slowdown, as well as the decline in personal consumption following the consumption tax increase. - FY2020-Q1WorsenedAnnual report
「Although Japan's employment environment continued to improve during the quarter, uncertainty about the outlook intensified amid the prolonged US-China trade tensions and concerns about a slowdown in the global economy.」
The company states that uncertainty about the economic outlook intensified due to the prolonged US-China trade tensions and concerns about a slowdown in the global economy. - FY2018RestatedAnnual report
「The Group's principal businesses tend to be susceptible to fluctuations in customers' IT investment resulting from changes in economic conditions, including economic trends, and changes in customers' business sentiment may affect its business performance.」
The company continues to disclose the risk that economic fluctuations and changes in customers' IT investment may affect business performance. - FY2016First statedAnnual report
「The Group's principal businesses tend to be susceptible to fluctuations in customers' IT investment resulting from changes in economic conditions, including economic trends, and changes in customers' business sentiment may affect its business performance.」
The company has disclosed the possibility that changes in customers' business sentiment and IT investment may affect business performance as a risk.