Revenue decline in the Industrial and Localization segments due to sluggish orders from service-related companies
First written in FY2022-Q2. 3 of 6 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2025-H1.
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- FY2025-H1RestatedAnnual report
「In the industrial and localization fields, orders from manufacturing customers remained strong, driven by increased orders from automotive and electrical equipment customers and the acquisition of a large project from an energy-related company, but orders from non-manufacturing companies remained weak, and revenue was ¥1,070 million, down 1.6% year on year.」
Following the previous explanation of weak orders from service-related companies, the company now mentions weak orders from non-manufacturing companies, while orders from manufacturers remained strong. - FY2024-Q1ReframedAnnual report
「In the industrial and localization fields, orders from manufacturing customers, mainly automotive and machinery companies, remained firm, but orders from non-manufacturing companies were weak, and revenue was ¥461 million, essentially flat at a 0.0% decline year on year.」
The description shifted from the specific factor of weak orders from service-related companies to the broader description of weak orders from non-manufacturing companies overall. Demand from manufacturers remained firm, and the division as a whole was nearly flat. - FY2023-Q3MitigatedAnnual report
「In the industrial and localization fields, business remained firm, mainly among manufacturing customers, and the acquisition of a large project from an information and communications company drove revenue to ¥1,664 million, up 22.4% year on year.」
There was no mention of weak orders from service-related companies, as previously reported. Orders remained firm, mainly among manufacturing customers, and large projects from information and communications companies also contributed. - FY2023-Q1MitigatedAnnual report
「In the industrial and localization fields, business remained firm, mainly among manufacturing customers such as automotive and machinery companies, and revenue was ¥461 million, up 1.9% year on year.」
There was no mention of weak orders from service-related companies, as reported in the previous quarter, and revenue increased, mainly among manufacturing customers such as automakers and machinery manufacturers. - FY2022-Q3MitigatedAnnual report
「In the Industrial and Localization division, demand has been gradually recovering, mainly among manufacturing customers such as automakers and machinery manufacturers. As a result, revenue increased 1.5% year on year to ¥1,359 million.」
There was no mention of weak orders from service-related companies, as reported in the previous quarter, and revenue in the division increased 1.5% year on year on recovering demand from manufacturing customers. - FY2022-Q2MaterialisedAnnual report
「In the industrial and localization fields, demand recovered gradually, mainly among manufacturing customers such as automotive and machinery companies, but orders from services companies remained weak, and revenue was ¥871 million, down 0.6% year on year.」
Although demand from manufacturing customers was showing signs of recovery, weak orders from service-related companies resulted in an actual 0.6% year-on-year decline in revenue in the division.