Risk of Restrained IT Investment and Project Postponements Due to COVID-19
First written in FY2021-Q1. 6 of 10 entries say "Restated". Latest entry: FY2024-Q2.
Dts moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
3 other companies' latest entry also says "Dropped".
- FY2024-Q2DroppedAnnual reportThe current quarterly report contains no specific discussion of the risk of restrained IT investment or project delays due to COVID-19 and states that there were no new risks or material changes in business and other risks.
- FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy showed signs of recovery despite the continuing impact of COVID-19.」
The company continued to recognise that COVID-19 was still having an impact, while noting signs of recovery in the economy. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy showed signs of recovery despite the continuing impact of COVID-19.」
While continuing to recognise that COVID-19 was still having an impact, the company stated that the economy was showing signs of recovery. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy showed signs of recovery as the difficult conditions caused by COVID-19 gradually eased. However, the outlook remains uncertain, and the impact of developments in the pandemic, including new variants, on domestic and overseas economies requires close attention.」
While noting that economic conditions were easing, the company continued to highlight the impact and uncertainty surrounding developments in the pandemic, including new variants, on domestic and overseas economies. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy remained in a difficult situation due to the impact of COVID-19. However, the economy is expected to recover as measures to prevent the spread of infection are implemented and vaccinations are promoted, supported by the effects of various policies and improvements in overseas economies. At the same time, close attention must be paid to the risk that developments in the pandemic in Japan and overseas could weigh on the economy.」
The company continues to cite the risk of an economic downturn due to COVID-19. - FY2022-Q1RestatedAnnual report
「It is necessary to pay close attention to the risk that the impact of the pandemic on socioeconomic activity could cause domestic and overseas economies to weaken.」
The company continues to cite the risk that the spread of COVID-19 could weaken socioeconomic activity and domestic and overseas economies. - FY2021MaterialisedAnnual report
「Revenue declined due to the impact of the change in the fiscal year-end of デジタルテクノロジー株式会社 in the previous fiscal year, reduced investment by megabanks and COVID-19, among other factors.」
The impact of COVID-19 and other factors emerged in actual results as causes of the decline in revenue, along with reduced investment by megabanks. - FY2021-Q3RestatedAnnual report
「However, COVID-19 has continued for longer than expected, and although economic activity is recovering, the pace has been slower than initially anticipated. Given the business environment surrounding the group, full-year results are expected to fall below the initial assumptions. Although the full-year earnings outlook has been lowered from the initial assumptions, the company expects sales to expand mainly in the fourth quarter and exceed the previous fiscal year's level excluding the impact of the change in the fiscal year-end of デジタルテクノロジー株式会社. Operating profit, however, is expected to be ¥10.0 billion despite active investment in the digital business.」
In light of the prolonged pandemic and delayed economic recovery, the company reconfirmed the revised full-year earnings outlook and its expectation of ¥10.0 billion in operating profit. - FY2021-Q2MaterialisedAnnual report
「However, the containment of COVID-19 is taking longer than expected, and although economic activity is recovering, it is proceeding more slowly than initially assumed. Based on the business environment surrounding the Group and results through the second quarter, full-year performance is expected to fall below the initial assumptions. Although the full-year outlook has been lowered from the initial assumptions, the Company expects growth mainly in the fourth quarter and plans to exceed the previous year’s level excluding the impact of Digital Technology Corporation’s change in fiscal year-end. Operating profit is expected to be ¥10.0 billion, despite active investment in the digital business.」
The prolonged pandemic and restrained or delayed IT investment due to deteriorating customer performance have actually emerged as a downward revision to the full-year earnings outlook. - FY2021-Q1First statedAnnual report
「For the current fiscal year, the company expects first-half sales to decline year on year, reflecting restrained IT investment and project delays at companies whose performance has deteriorated due to COVID-19. Assuming that COVID-19 will subside from the second quarter and economic activity will gradually recover, it is targeting full-year sales of ¥95.0 billion and operating profit of ¥10.7 billion, broadly in line with the previous year. If the subsiding of COVID-19 is prolonged, the company may revise its earnings forecasts.」
The company stated that restrained IT investment and project delays by customer companies due to COVID-19 were expected to reduce first-half revenue and that it might revise its earnings forecasts if the pandemic persisted.