Risk of declining contracts and business performance as PBX market contraction accelerates
First written in FY2018. 4 of 8 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Kanda Tsushinki moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2025: 4 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the existing legacy PBX market, orders turned upward, supported by solid demand, but sales declined partly because the opening order backlog was limited. Customers are increasingly seeking cloud services and other offerings, and the Company has been reviewing its business portfolio to address this demand, expand various network construction projects and commercialize video-related solutions.」
It states that, although solid demand exists for legacy PBX, sales declined because customers increasingly seek cloud services and because the opening order backlog was limited. - FY2026-H1WorsenedAnnual report
「Although solid demand continues to exist in the existing legacy PBX market, customers are increasingly seeking cloud services and FMC (Fixed Mobile Convergence), and orders and sales of conventional on-premises PBX systems continued to trend downward.」
It states that solid demand remains for legacy PBX, while orders and sales of on-premises PBX systems are trending downward as demand for cloud services and FMC strengthens. - FY2022RestatedAnnual report
「The PBX market, the Group’s core business, is on a relative downward trend in terms of market size due to the shift of PBX systems to the cloud and the development of high-speed, high-capacity communications infrastructure enabled by 5G.」
The company continues to identify the contraction trend in the PBX market resulting from the shift to cloud-based systems and the development of 5G infrastructure, as well as the risk of an impact on business performance if contracts decline. - FY2021RestatedAnnual report
「The PBX market, the Group’s core business, has continued to contract in recent years as server-based systems, cloud services and mobile technologies have become more widespread.」
The company continues to describe the contraction of the PBX market, driven by the shift to server-based, cloud and mobile systems, and the risk of an impact on business performance if contracts decline. - FY2020WorsenedAnnual report
「However, because there is still demand to use existing equipment and retain conventional functions, we expect the PBX market to remain at a certain scale going forward. If the market’s contraction accelerates sharply and contracts with companies decline significantly, this could affect the Group’s business performance.」
In addition to the existing risk of contraction in the PBX market, the company identifies a sharp acceleration in the contraction trend and a significant decline in contracts with companies as specific risks. - FY2018First statedAnnual report
「The PBX market, the Group’s core business, has continued to contract in recent years as server-based systems, cloud services and mobile technologies have become more widespread.」
The company identifies the contraction of its core PBX market, driven by the shift to server-based, cloud and mobile systems, as a structural business risk.