Impact on business performance from reduced IT investment in the manufacturing sector
First written in FY2016. 17 of 25 entries say "Restated". Latest entry: 2026-07-31.
Argo Graphics moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 16 of 36 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- 2026-07-31WorsenedEarnings
「Although demand in the United States remained firm, the business environment for the automotive industry, a major customer, remained generally cautious due to the rise of Chinese EV manufacturers and the impact of US trade policies, including the Trump tariffs.」
The company describes a cautious business environment for manufacturing, particularly the automotive industry, due to US trade policies and the rise of Chinese EV manufacturers. - FY2026WorsenedAnnual report
「Investment in the semiconductor and precision equipment fields is also expanding against a backdrop of generative AI and growing data center demand, while these fields inherently carry the risk that investment may be restrained by market fluctuations.」
In addition to the existing risk related to dependence on sales to manufacturers, the report explicitly identifies the risk that investment in the semiconductor and precision equipment fields may be restrained by market fluctuations despite expanding investment. - FY2025WorsenedAnnual report
「However, the continued rise in prices and changes in US political and economic policies, including trade and tariff policies, pose risks of downward pressure on economic conditions worldwide, including Japan, through factors such as weaker consumer sentiment and personal consumption. These risks require close attention. The company has a high proportion of sales to manufacturers and believes that conditions in the automotive-related and semiconductor-related industries, its major customer industries, remain unpredictable both in Japan and overseas from the current fiscal year onward.」
Regarding the risk of dependence on sales to manufacturers, the report additionally identifies the risk of downward pressure on economic conditions from rising prices and changes in US trade and tariff policies, as well as concerns over conditions in the automotive and semiconductor industries in Japan and overseas. - FY2024RestatedAnnual report
「Although the group is working to develop customers in other industries based on technologies acquired through providing solutions to manufacturers, sales to manufacturers still account for a high proportion of revenue. Accordingly, if the scale of IT investment by manufacturers were to contract, the group's financial position and operating results could be affected.」
The group continues to identify as a risk its dependence on sales to manufacturers and the potential impact on results of reduced IT investment by the industry. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing business and other risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing business and other risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing business and other risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing business and other risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2021-Q3MaterialisedAnnual report
「In the PLM business, revenue from external customers was ¥29,002 million, down 14.6% year on year, and segment profit was ¥3,831 million, down 17.9%, due to the temporary freezing and reduction of service and maintenance-related spending and the postponement of IT investment plans in the automotive-related business.」
Manufacturers, particularly automotive-related customers, continued to freeze or reduce spending on service and maintenance and postpone IT investment plans, which was reflected in declines in PLM business revenue and segment profit. - FY2021-Q2MaterialisedAnnual report
「In the PLM business, revenue from external customers was ¥20,191 million, down 13.0% year on year, and segment profit was ¥2,842 million, down 12.0%, due to the temporary freezing and reduction of service and maintenance-related spending and the postponement of IT investment plans in the automotive-related business.」
Manufacturers, particularly automotive-related customers, actually froze or reduced spending on service and maintenance and postponed IT investment plans, leading to declines in PLM business revenue and segment profit. - FY2020WorsenedAnnual report
「The impact of COVID-19 during the current consolidated fiscal year could potentially exceed the global impact of the financial crisis following the collapse of Lehman Brothers. The company has a high proportion of sales to manufacturers, and believes that conditions in the automotive-related and semiconductor-related industries, its major customer industries, remain unpredictable. A substantial contraction in IT investment by manufacturers could affect the group's operating results.」
In addition to the existing risk arising from dependence on sales to manufacturers, concerns have emerged over deteriorating conditions in the automotive and semiconductor industries due to COVID-19 and reduced IT investment. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing business and other risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing business and other risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing business and other risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2019RestatedAnnual report
「Although the group is working to develop customers in other industries based on technologies acquired through providing solutions to manufacturers, sales to manufacturers still account for a high proportion of revenue. Accordingly, if the scale of IT investment by manufacturers were to contract, the group's financial position and operating results could be affected.」
The group continues to identify as a risk its dependence on sales to manufacturers and the potential impact on its financial position and operating results of reduced IT investment by the industry. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no material changes in the existing business and other risks, including dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The report states that there have been no new developments or material changes in the business and other risks overall. - FY2018RestatedAnnual report
「The group's customers are concentrated in the manufacturing industry. Although the group is working to develop customers in other industries based on technologies acquired through providing solutions to manufacturers, sales to manufacturers still account for a high proportion of revenue. Accordingly, if the scale of IT investment by manufacturers were to contract, the group's financial position and operating results could be affected.」
The group continues to identify as a risk its dependence on sales to manufacturers and the potential impact on its financial position and operating results of reduced IT investment by the industry. - FY2017RestatedAnnual report
「The group's customers are concentrated in the manufacturing industry. Although the group is working to develop customers in other industries based on technologies acquired through providing solutions to manufacturers, sales to manufacturers still account for a high proportion of revenue. Accordingly, if the scale of IT investment by manufacturers were to contract, the group's financial position and operating results could be affected.」
The annual report also explicitly identifies the group's dependence on sales to manufacturers and the potential impact on results of reduced IT investment by manufacturers. - FY2016First statedAnnual report
「Although the group is working to develop customers in other industries based on technologies acquired through providing solutions to manufacturers, sales to manufacturers still account for a high proportion of revenue. Accordingly, if the scale of IT investment by manufacturers were to contract, the group's financial position and operating results could be affected.」
The group remains highly dependent on sales to manufacturers, and a decline in IT investment by the industry could affect its financial position and operating results.