Slowing ICT Investment and Recession Risks
First written in FY2016. 6 of 10 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-10-28.
Creo 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: 10 of 13 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-10-28WorsenedEarnings
「一方で、継続的な物価高や労務費の上昇に加え、国際情勢の緊張や各国の政策動向による影響など、先行きは依然として不透明な状況が続いております。」
従来の地政学・通商政策に関する不透明感に加え、継続的な物価高と労務費上昇が明示された。 - FY2026WorsenedAnnual report
「During the consolidated fiscal year, Japan's economy was affected by geopolitical risks and uncertain trade policies, but in the IT services market, DX investment aimed at improving productivity and strengthening competitiveness remained firm.」
In addition to the conventional risks of an economic slowdown and slower ICT investment, the company again explicitly identifies the impact on the economic environment of geopolitical risks and uncertain trade policies. - 2026-05-08RestatedEarnings
「地政学リスクや不透明な通商政策の影響を受けつつも、ITサービス市場においては、生産性向上やデジタル化に向けた投資需要が引き続き堅調に推移いたしました。」
地政学リスクや不透明な通商政策による影響を認識しつつ、ITサービス需要は堅調と記載している。 - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, Japan's economy remained on a moderate recovery trend, while uncertainty continued due to the impact of U.S. trade policy.」
In addition to its existing recognition of risks related to an economic downturn and slower ICT investment, the company explicitly identifies uncertainty in the economic environment resulting from U.S. trade policy. - FY2024WorsenedAnnual report
「At the same time, risks have also emerged, including higher energy and other manufacturing costs resulting from heightened geopolitical risks and yen depreciation, the possibility that these price increases could affect customers' business operations and ICT investment, and intensifying competition to hire ICT engineers amid growing ICT demand.」
In addition to the conventional risks of an economic slowdown and slower ICT investment, the company explicitly identifies the possibility that yen depreciation and higher manufacturing costs and prices could affect customer ICT investment, broadening the range of risk factors. - FY2020WorsenedAnnual report
「If the prolonged spread of the infection worsens, causing deterioration in the performance of customer companies and other effects, and significantly reducing their willingness to invest in ICT, this could affect some or all of the Group's businesses.」
In addition to the conventional general risk of slower ICT investment, the disclosure specifically describes the possibility that the spread of COVID-19 could weaken customer performance and reduce their willingness to invest in ICT. - FY2019RestatedAnnual report
「If economic conditions or corporate performance lead customers to restrain investment in information systems or extend their investment cycles, this could adversely affect the Group's business, performance and financial condition through delays in the timing of orders, lower order values and, in some cases, lost orders due to intensifying competition.」
The company continues to disclose the risks of delayed orders, lower order values and lost orders resulting from restrained customer information-system investment and longer investment cycles. - FY2018RestatedAnnual report
「If economic conditions or corporate performance lead customers to restrain investment in information systems or extend their investment cycles, this could adversely affect the Group's business, performance and financial condition through delays in the timing of orders, lower order values and, in some cases, lost orders due to intensifying competition.」
The company continues to disclose the risks of delayed, reduced or lost orders resulting from restrained customer information-system investment and longer investment cycles. - FY2017-Q3WorsenedAnnual report
「In the ICT services market in which the Group operates, we recognize that an increasing number of companies are restraining IT investment due to factors including uncertainty over the future economic outlook.」
While the standard risk section states that there have been no significant changes, the performance analysis newly recognizes an increase in companies restraining IT investment, indicating a worsening trend in the risk of slower customer investment. - FY2016First statedAnnual report
「If economic conditions or corporate performance lead customers to restrain investment in information systems or extend their investment cycles, this could adversely affect the Group's business, performance and financial condition through delays in the timing of orders, lower order values and, in some cases, lost orders due to intensifying competition.」
The company identifies restrained customer IT investment, longer investment cycles, and delayed, reduced or lost orders as external-environment risks.