Changes in economic conditions, customer hiring activity, and advertising budgets
First written in FY2023. 5 of 6 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 6 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Meanwhile, concerns remain over developments in the increasingly tense situation in the Middle East, and the outlook remains uncertain due to factors including volatility in the financial and capital markets and the impact of U.S. trade policy. Continued monitoring is necessary.」
The company continues to recognize factors weighing on economic activity, including the situation in the Middle East, volatility in the financial and capital markets, and U.S. trade policy, as well as uncertainty over the outlook. - FY2025RestatedAnnual report
「Corporate hiring budgets and advertising and public relations budgets tend to be adjusted in response to business conditions and are susceptible to economic trends.」
The company continues to identify its dependence on customers’ hiring and public relations budgets and on economic fluctuations as risks. - FY2025-H1RestatedAnnual report
「However, the outlook remains uncertain as the continued rise in prices and the impact of U.S. policy developments, including trade policy, may weigh on economic activity through such channels as weaker consumer sentiment and personal consumption.」
The company continues to describe downside risks to economic activity arising from higher prices and U.S. policy developments, as well as uncertainty over the outlook. - FY2024-Q2RestatedAnnual report
「However, downside risks to economic activity remain due to continued increases in energy and other prices and volatility in the financial and capital markets amid the protracted situation in Ukraine and heightened tensions in the Middle East, and the outlook remains uncertain.」
The company continues to identify downside risks to economic activity arising from geopolitical conditions, energy prices, and volatility in the financial and capital markets. - FY2024-Q1RestatedAnnual report
「However, the outlook for the real economy remains uncertain due to downside risks to economic activity stemming from the depreciation of the yen, higher energy prices resulting from geopolitical risks, and global monetary tightening.」
The company continues to recognize economic trends as an external-environment risk. - FY2023First statedAnnual report
「Corporate hiring budgets and advertising and public relations budgets tend to be adjusted in response to business conditions and are susceptible to economic trends.」
The company identifies its tendency to rely on customers’ hiring and advertising budgets as a risk.