Impact on results from domestic and overseas economic trends and deteriorating business conditions among business partners
First written in FY2017-Q2. 12 of 22 entries say "Restated". Latest entry: FY2025.
Tsuzuki Denki moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 26 of 37 companies on the "Worse" side.
18 other companies' latest entry also says "Other".
- FY2025Explicit identification of rising prices and US policy trendsAnnual report
「Although a moderate recovery continued amid improvements in employment and income conditions, the situation continued in which the impact of continued price increases on personal consumption and the impact of US policy trends posed risks that could weigh on Japan's economic growth.」
The impact of rising prices on personal consumption and US policy trends were explicitly identified as sources of uncertainty regarding domestic and overseas economic trends. - FY2025-H1Explicit identification of high interest rates and concerns over the Chinese economyAnnual report
「Amid continued risks that could weigh on Japan's economic growth, including the persistence of high interest rates in Europe and the US and concerns over the outlook for the Chinese economy, the situation continued in which attention was required regarding the impact of rising prices and volatility in the financial and capital markets.」
Regarding risks relating to domestic and overseas economic trends and customers' business conditions, high interest rates in Europe and the US, concerns over the outlook for the Chinese economy, rising prices, and volatility in the financial and capital markets were explicitly identified as sources of uncertainty. - FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year, Japan's economy showed a moderate recovery as the employment and income environment improved. However, downside risks to overseas economies resulting from global monetary tightening and other factors posed a risk of putting downward pressure on Japan's economy, and continued attention was required regarding the effects of rising prices and volatility in financial and capital markets.」
The company continues to recognize uncertainty in domestic economic conditions and the customer environment due to downside risks in overseas economies, rising prices, and volatility in the financial and capital markets. - FY2024-Q2RestatedAnnual report
「Downside risks to overseas economies resulting from global monetary tightening and other factors posed a risk of putting downward pressure on Japan's economy, and continued attention was required regarding the effects of rising prices and volatility in financial and capital markets.」
The company continues to recognize uncertainty in domestic economic conditions and the customer environment due to downside risks in overseas economies, rising prices, and volatility in the financial and capital markets. - FY2023-Q2WorsenedAnnual report
「However, downside risks to overseas economies resulting from global monetary tightening and other factors posed a risk of putting downward pressure on Japan's economy. Combined with the effects of rising prices, supply-side constraints and volatility in financial and capital markets, the economic environment remained uncertain.」
Global monetary tightening, rising prices, supply constraints and volatility in the financial and capital markets were added as sources of uncertainty regarding domestic and overseas economic trends. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan's economy remained uncertain as the recovery from the effects of COVID-19 progressed, while raw material prices rose and supply-side constraints emerged due to the prolonged situation in Ukraine and restrictions on economic activity in China.」
The company continues to recognize uncertainty in the environment surrounding customers and results due to domestic and overseas economic trends, raw-material prices, supply constraints, the situation in Ukraine, and restrictions on China's economic activity. - FY2022WorsenedAnnual report
「During the period, Japan's economy showed signs of recovery from the effects of COVID-19, but uncertainty about the outlook increased as tensions surrounding the situation in Ukraine escalated. Continued attention is required regarding the risk of an economic downturn caused by rising raw material prices, volatility in financial and capital markets, supply-side constraints and other factors.」
Downside factors arising from the situation in Ukraine, raw-material prices, the financial markets and supply constraints were added to the risks relating to domestic and overseas economic trends and customers' business conditions. - FY2022-Q1RestatedAnnual report
「Although the information and communications services industry to which the group belongs can expect continued growth in ICT demand, as the COVID-19 pandemic accelerated digital transformation (DX), including changes in work styles, the situation remains difficult to view optimistically because some companies continue to restrain ICT capital investment amid deteriorating results.」
The company continues to recognize an economic and customer environment in which customers' deteriorating results and restraint on ICT investment due to the COVID-19 pandemic persist, while demand for DX also expands. - FY2021MaterialisedAnnual report
「Net sales were ¥120,004 million, down ¥5,362 million, or 4.3%, year on year, as a result of the postponement of development and system-construction projects, electronic-device supply-chain disruptions and other factors, despite steady telework demand during the COVID-19 pandemic, as well as the impact on the information network solutions services business of a reactionary decline in demand for server and PC replacements following the end of support for Microsoft products in the previous fiscal year.」
The risks relating to domestic and overseas economic trends and customers' business conditions materialized through the impact of the COVID-19 pandemic on demand, project progress and supply chains, resulting in a 4.3% year-on-year decline in consolidated net sales. - FY2021-Q3RestatedAnnual report
「Uncertainty about the outlook has continued due to the prolonged impact of COVID-19, including the inability to conduct sales activities or development and system-construction work as usual, as well as restrained ICT investment in some industries.」
Restrictions on order acquisition, development work and other activities due to the prolonged COVID-19 pandemic, together with restrained ICT investment in some industries, have continued. - FY2021-Q1MaterialisedAnnual report
「Net sales declined due to sluggish demand and supply-chain disruptions caused by the spread of COVID-19.」
The risks relating to domestic and overseas economic conditions and customers' business conditions were reflected in actual results through sluggish demand and supply-chain disruptions caused by COVID-19, resulting in lower revenue from the electronic devices business. - FY2020WorsenedAnnual report
「In addition, the global spread of COVID-19 increased uncertainty about the outlook.」
The uncertainty surrounding economic conditions and corporate activity caused by the global spread of COVID-19 was added to the existing risks relating to domestic and overseas economic trends and customers' business conditions. - FY2020-Q3RestatedAnnual report
「Meanwhile, concerns remain over the impact of volatility in the financial and capital markets on the global economy due to heightened tensions over trade issues, the outlook for the Chinese economy, and rising tensions in the Middle East.」
The company continues to recognize economic-environment risks, including trade issues, the outlook for the Chinese economy, the situation in the Middle East, and volatility in the financial and capital markets. - FY2020-Q2RestatedAnnual report
「Meanwhile, concerns remain over the impact of volatility in the financial and capital markets on the global economy, in addition to heightened tensions over trade issues and the outlook for the Chinese economy.」
The company continues to recognize risks in the domestic and overseas economic environment, including trade issues, the outlook for the Chinese economy, and volatility in the financial and capital markets. - FY2020-Q1WorsenedAnnual report
「Meanwhile, concerns remain over the impact of a slowdown in economic growth due to US-China trade friction and volatility in the financial and capital markets on the global economy.」
A slowdown in economic growth due to US-China trade friction and volatility in the financial and capital markets are identified as sources of uncertainty regarding domestic and overseas economic trends. - FY2019RestatedAnnual report
「The Japanese economy remains unpredictable due to trends in resource prices and foreign exchange rates, as well as overseas economic trends in the US, China and elsewhere. If the Japanese economy deteriorates, changes in the business conditions of the group's customers, including bankruptcies, could have a major adverse impact on the group's results.」
The company continues to recognize the risk of an impact on results from domestic and overseas economic trends, foreign exchange rates, resource prices, and deterioration in customers' business conditions or bankruptcies. - FY2019-Q2RestatedAnnual report
「Meanwhile, in the global economy, corporate appetite for investment has become uncertain depending on how US-China trade friction develops.」
The company continues to recognize the risk in the economic environment that corporate appetite for investment may become uncertain depending on developments in US-China trade friction. - FY2019-Q1WorsenedAnnual report
「Meanwhile, the global economy continued to expand moderately, mainly in developed countries. However, the outlook became uncertain amid concerns that the US administration's economic policies could develop into international trade friction and growing geopolitical risks in East Asia.」
Concerns that international trade friction could intensify and growing geopolitical risks in East Asia are identified as new sources of uncertainty regarding domestic and overseas economic trends. - FY2018-Q3RestatedAnnual report
「Japan's economy remains in a situation that warrants caution, given the fiscal crisis in European countries, trends in resource prices and foreign exchange rates, and economic conditions overseas, including in the United States and China. If Japan's economy deteriorates, changes in the business conditions of the group's business partners and their potential bankruptcies could have a significant adverse impact on the group's results.」
The risk that domestic and overseas economic trends and deteriorating business conditions or bankruptcies among business partners will affect performance continues. - FY2018-Q2RestatedAnnual report
「If the Japanese economy deteriorates, changes in the business conditions of the group's customers, including bankruptcies, could have a major adverse impact on the group's results.」
The risk that domestic and overseas economic trends and deteriorating business conditions or bankruptcies among business partners will affect performance continues. - FY2017-Q3RestatedAnnual report
「If the Japanese economy deteriorates, changes in the business conditions of the group's customers, including bankruptcies, could have a major adverse impact on the group's results.」
The risk that domestic and overseas economic trends and deteriorating business conditions or bankruptcies among business partners will affect performance continues. - FY2017-Q2First statedAnnual report
「If the Japanese economy deteriorates, changes in the business conditions of the group's customers, including bankruptcies, could have a major adverse impact on the group's results.」
The risk that deterioration in customers' business conditions or bankruptcies, against the backdrop of economic trends in Japan, Europe, the US and China and changes in foreign exchange and resource prices, could affect results is disclosed separately.