Risk of Client Cuts to Human Resources Development Budgets Due to an Economic Slowdown
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2026.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If customer companies reduce their human resource development budgets due to an economic slowdown or other factors, the performance of our group's organisational development and human resource development businesses may be affected.」
The company continues to disclose the risk of cuts to customer companies' human resource development budgets due to an economic slowdown. - FY2024MaterialisedAnnual report
「In the next-generation executive and middle-management segment (CELM,Inc., 升励銘企業管理諮詢（上海）有限公司, CELM ASIA Pte. Ltd.), several customers froze projects that had been scheduled for recognition from October onward, the second half of the current consolidated fiscal year, due to weak customer performance or the priority given by customer management to responding to incidents, resulting in the projects being carried forward to the following fiscal year or later.」
The company states that several customers froze scheduled projects and carried them forward to the following fiscal year or later due to weak customer performance or management's response to incidents. - FY2023RestatedAnnual report
「If customer companies reduce their human resource development budgets due to an economic slowdown or other factors, the performance of our group's human resource development and organisational development businesses may be affected.」
The company continues to identify the risk of cuts to customer budgets due to an economic slowdown. - FY2022RestatedAnnual report
「If customer companies reduce their human resource development budgets due to an economic slowdown or other factors, the performance of our group's human resource development and organisational development businesses may be affected.」
The company describes the risk of cuts to customer budgets due to an economic slowdown in the same terms. - FY2021First statedAnnual report
「If customer companies reduce their human resource development budgets due to an economic slowdown or other factors, the performance of our group's human resource development and organisational development businesses may be affected.」
The stated likelihood is medium and the impact is high.