Risk of weak customer business performance and stagnant capital investment due to COVID-19
First written in FY2020. 6 of 14 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 5 of 21 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Although the economic environment during the fiscal year ended [current period] remained uncertain due to factors including accelerating global inflation and concerns about a downturn in overseas economies, the economy continued on a gradual recovery trend as economic activity normalised with the COVID-19 pandemic subsiding.」
The subsiding of the COVID-19 pandemic and normalisation of economic activity are described, indicating that the risk of deterioration in customer performance and stagnation in capital investment associated with COVID-19 continued to remain reduced. - FY2024-Q2MitigatedAnnual report
「Among our group’s main customers, electronics manufacturers and automotive-related and industrial equipment manufacturers, overall capital investment has remained firm, and IT investment has also remained active.」
As overall capital investment by major customers remains firm and IT investment continues to be active, the risk of deterioration in customer performance and stagnation in capital investment associated with COVID-19 continued to remain reduced. - FY2023MitigatedAnnual report
「Among our group’s main customers, electronics manufacturers and automotive-related and industrial equipment manufacturers, overall capital investment has remained firm against a backdrop of solid corporate earnings, and IT investment has also remained active.」
The normalisation of economic activity and the resilience of customers' capital investment and IT investment are described, indicating that the risk of deterioration in customer performance and stagnation in capital investment associated with COVID-19 continued to remain reduced. - FY2023-Q3MitigatedAnnual report
「Although the economic environment during the nine months ended [current period] remained uncertain due in part to the prolonged situation in Ukraine, the economy continued on a gradual recovery trend as restrictions on economic activity were eased and activity normalised. In the electronics manufacturing, automotive-related and industrial equipment manufacturing industries, which are major customers of our Group, overall capital investment remained firm, and IT investment continued to be active.」
The easing and normalisation of restrictions on economic activity, the resilience of customers' capital investment and the strength of IT investment are described, indicating that the risk of deterioration in customer performance and stagnation in capital investment associated with COVID-19 continued to remain reduced. - FY2023-Q2MitigatedAnnual report
「Although the economic environment during the six months ended [current period] remained uncertain due in part to the prolonged situation in Ukraine, the economy continued on a gradual recovery trend as restrictions on economic activity were eased and activity normalised. In the electronics manufacturing, automotive-related and industrial equipment manufacturing industries, which are major customers of our Group, overall capital investment remained firm, and IT investment continued to be active.」
The easing and normalisation of restrictions on economic activity, the resilience of customers' capital investment and the strength of IT investment are described, indicating that the risk of deterioration in customer performance and stagnation in capital investment associated with COVID-19 had partially diminished. - FY2023-Q1MitigatedAnnual report
「Although the economic environment during the first quarter ended [current period] remained uncertain due in part to the prolonged invasion of Ukraine, the economy continued on a gradual recovery trend as restrictions on economic activity related to the infection were eased. In the electronics manufacturing, automotive-related and industrial equipment manufacturing industries, which are major customers of our Group, overall capital investment continued to recover, and IT investment also became more active.」
The easing of restrictions on economic activity related to the infection and the recovery in customers' capital investment are described, indicating that the risk of deterioration in customer performance and stagnation in capital investment associated with COVID-19 had partially diminished. - FY2022-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, economic activity resumed and the economy was moving toward a moderate recovery, but overall conditions remained uncertain due to concerns about the spread of variant viruses and semiconductor shortages.」
Although economic activity has resumed and begun to recover, concerns about the spread of variant viruses remain, and customer and economic-environment risks associated with COVID-19 continue. - FY2022-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, restrictions on economic activity were eased, mainly in Europe and the United States, and the economy was moving toward a moderate recovery, but overall conditions remained uncertain due to concerns about a renewed spread of infectious diseases.」
Although restrictions on economic activity have been eased and the economy has begun to recover, concerns about a resurgence of the infection and uncertainty about the outlook remain, and customer-environment risks associated with COVID-19 continue. - FY2022-Q1RestatedAnnual report
「Among our group’s main customers, electronics manufacturers and automotive-related and industrial equipment manufacturers, a cautious stance toward capital investment has continued, while proactive IT investment has continued.」
While caution toward overall capital investment by major customers continues amid an environment where the effects of the infection remain difficult to predict, active investment in IT continues. The risk of deterioration in customers' business performance and stagnation in capital investment due to COVID-19 has been reconfirmed. - FY2021RestatedAnnual report
「On the other hand, if the deterioration in business performance and stagnation in capital investment in the electronics manufacturing, automotive-related and industrial equipment manufacturing industries, which are major customers of our Group, continue for an extended period, this could affect the Group's business performance.」
The risk of a prolonged deterioration in major customers' business performance and stagnation in capital investment due to COVID-19 has been reconfirmed. - FY2021-Q3RestatedAnnual report
「Among our group’s main customers, electronics manufacturers and automotive-related and industrial equipment manufacturers, appetite for IT investment remains, but overall capital investment has continued to be cautious because the outlook remains unclear.」
Although major customers remain willing to invest in IT, overall capital investment continues to be approached cautiously amid a difficult economic environment caused by the spread of the infection. - FY2021-Q2RestatedAnnual report
「Among our group’s main customers, electronics manufacturers and automotive-related and industrial equipment manufacturers, strong appetite for IT investment has continued, while overall capital investment has remained cautious due to uncertainty about the outlook.」
Although major customers remain willing to invest in IT, overall capital investment continues to be approached cautiously as the effects of COVID-19 persist. - FY2021-Q1MaterialisedAnnual report
「Against this backdrop, sales for the first quarter ended [current period] were ¥5.928 billion, down 2.5% year on year. Although some deliveries and acceptance inspections were postponed to the second quarter or later as business activity stagnated, the result was broadly in line with the same period of the previous year, which had been a record high.」
It is stated that the stagnation of business activity caused by COVID-19 actually resulted in some deliveries and acceptance inspections being postponed to the second quarter or later. - FY2020First statedAnnual report
「On the other hand, if the deterioration in business performance and stagnation in capital investment in the electronics manufacturing, automotive-related and industrial equipment manufacturing industries, which are major customers of our Group, continue for an extended period, this could affect the Group's business performance.」
COVID-19 was identified as a standalone risk for the first time, with the potential impact on business performance if the deterioration in major customers' performance and stagnation in capital investment were prolonged. Near the end of the fiscal period, restrictions on customers' business activities due to the spread of the infection were also described.