Risk of an Economic Downturn in the UI/UX Design Market
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2020: 8 of 10 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「At present, interest in UI/UX design is increasing as part of companies' investment in digital transformation (DX), and related design investment is also expanding steadily. However, if market conditions remain depressed over the long term due to an economic downturn or other factors exceeding the group's expectations, this may affect the group's operating results and financial position, including through a decline in inquiries for project engagements and lower quality resulting from project cancellations or reductions in project staffing.」
While recognizing the expansion of UI/UX design investment driven by DX investment, the company continues to identify market weakness caused by an economic downturn and its impact on projects and quality as risks. - FY2020First statedAnnual report
「At present, corporate investment in digital transformation (DX) is increasing, and related design investment is also expanding steadily. However, if market conditions remain depressed over the long term due to an economic downturn or other factors exceeding the company's expectations, this may affect the group's operating results and financial position.」
The company assumes continued expansion in DX and design investment, while identifying an economic downturn exceeding expectations and prolonged market weakness as risks.