Risk of the new lighting control business not progressing as planned
First written in FY2018. 4 of 9 entries say "Restated". Latest entry: FY2026.
Kanda Tsushinki moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 15 of 49 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「However, the fact that the vision of smart buildings becoming commonplace is not expected until after 2030 and that implementation standards have not yet been established could have a material impact on the development of new businesses.」
For the new lighting control and smart building businesses, it identifies as risks the fact that implementation standards have not yet been established and that widespread adoption is envisioned only after 2030. - FY2026-H1WorsenedAnnual report
「The multi-gateway, software that connects various types of equipment and is positioned as a core new business, is being actively marketed and supported by technical research and development, but the current situation is that it will take a certain amount of time for results to emerge in orders and sales.」
While the Company continues to position the new business as a future core business, it states that it will take a certain amount of time for results to emerge in orders and sales. - FY2024WorsenedAnnual report
「The external factors affecting the Company's business include lower profitability resulting from higher raw material and labor costs caused by rising geopolitical risks and inflation associated with monetary policy, as well as market contraction resulting from the shift in the PBX market from on-premises systems to cloud services, despite demand during the current consolidated fiscal year. Internal issues include the absence of a sufficient sense of urgency within the Company because the legacy segment still represents a certain scale of the PBX market, the lack of results from investments made to develop human resources and improve the Company's corporate structure, the inability to meet customers' advanced network-related requirements, and the difficulty in successfully transitioning to a usage-fee business model.」
Regarding the transition to new businesses and a usage-fee business model, the disclosure has progressed from describing delays in getting new businesses off the ground to explicitly identifying the inability to successfully transition to a usage-fee business model as an internal issue. - FY2024-Q1RestatedAnnual report
「In the information and communications business, the Group is seeking higher sales and profitability by leveraging its strength in providing 24-hour, 365-day support, expanding new businesses such as network systems, cloud PBX and multi-gateways, and increasing maintenance and usage fees. Because the new businesses are centered on alliance projects, they have taken time to gain traction.」
The Company continues to pursue new businesses to offset the decline in the PBX market, but has reaffirmed its recognition that these businesses are centered on alliance projects and are taking time to get off the ground. - FY2023-Q3RestatedAnnual report
「Maintenance fees generally progressed well, but the new businesses are taking time to get off the ground.」
The Company continues to recognize that, while maintenance fees are generally progressing well, the new businesses intended to offset the decline in the PBX market are taking time to get off the ground. - FY2023-Q2MaterialisedAnnual report
「The Company plans to offset the decline in the PBX market through new businesses such as NW, cloud PBX and the multi-gateway, as well as higher maintenance and usage fees. Maintenance and usage fees generally progressed well, but the new businesses are taking time to get off the ground.」
Against the policy of offsetting the decline in the PBX market through new businesses and other measures, it states that the new businesses are taking time to get off the ground, reflecting actual progress. - FY2022RestatedAnnual report
「However, if the rollout of the new business does not proceed as planned because circumstances arise that differ from expectations, this could have a material impact on the performance of the Group.」
The risk remains that the performance impact could arise if new businesses such as the multi-gateway do not proceed as planned. - FY2021RestatedAnnual report
「However, if the rollout of the new business does not proceed as planned because circumstances arise that differ from expectations, this could have a material impact on the performance of the Group.」
The risk remains that the plan to make the lighting control business a new core business will not proceed as expected. - FY2018First statedAnnual report
「However, if the rollout of the new business does not proceed as planned because circumstances arise that differ from expectations, this could have a material impact on the performance of the Group.」
It explicitly identifies the risk that the plan to make the lighting control business a new core business could be delayed or stalled by circumstances differing from expectations.