Fluctuations in customers’ store openings, capital investment and semiconductor supply and demand

「Orders remained strong, but sales growth was limited by the impact of longer delivery times」

「In the electronics products category, sales of electronic components for consumer products remained strong, while sales for automotive equipment and modules remained weak. As a result, net sales fell 0.9% year on year to ¥9,127 million.」

「In the electronics products category, orders remained strong and sales of electronic components for consumer products were solid. However, sales of electronic components primarily for industrial and business equipment remained weak, and net sales fell 2.6% year on year to ¥4,102 million. In the mechatronics products category, sales of mechanical components for kitchens and offices remained strong. However, sales of mechanical components for bank terminals, driven by the previous fiscal year's replacement of banknotes, multifunction printers, and power generation equipment declined from the previous year's strong level, and net sales fell 6.0% year on year to ¥2,445 million.」

「In the electronics products category, sales of electronic components for consumer products remained strong. However, as customers continued to adjust production, net sales fell 9.2% year on year to ¥4,211 million.」

「Retail solution product sales increased 0.1% year on year to ¥2,385 million. Merchandise surveillance systems for consumer electronics retailers declined as investments were postponed, but this was offset by an increase in RFID-based merchandise management solutions and security systems for apparel retailers, as well as strong performance by merchandise surveillance systems for drugstores and other products.」

「In the business solutions products category, sales declined 1.7% year on year to ¥1,592 million. Although RFID products for logistics systems and access control systems for foreign-affiliated offices remained strong, some mailing system sales were pushed back to the third quarter and later.」

「In the business solutions products category, sales declined 18.3% year on year to ¥475 million, as sales of mailing systems were pushed back to the second quarter and later due to delays in procuring equipment caused by component shortages.」

「In the retail solutions products category, sales declined 16.5% year on year to ¥3,152 million, due to the reactionary decline following strong sales of large-scale projects such as CCTV and facial recognition systems in the previous year, as well as restrained security investment by retail customers amid soaring utility costs and other factors.」

「In the retail solutions products category, sales declined 19.7% year on year to ¥2,383 million, due to the reactionary decline following strong sales of large-scale projects such as CCTV and facial recognition systems in the previous year, as well as project delays caused by postponed security investments by retailers.」

「In the retail solutions products category, sales declined 23.4% year on year to ¥1,644 million, due to the reactionary decline following strong sales of large-scale projects such as CCTV and facial recognition systems in the previous year, as well as project delays caused by postponed security investments by retailers.」

「In the retail solutions products category, sales declined 36.8% year on year to ¥755 million, due to the reactionary decline following strong sales of large-scale projects such as CCTV and facial recognition systems in the previous year, as well as delays in projects caused by restrained investment by retailers.」

「As a result, net sales were ¥20,784 million. Sales remained strong through the third quarter, driven by increased sales of electronic components for 5G base stations, electronic components for home printers as work-from-home demand increased, and mechanical components for residential equipment in the United States. However, the plan was not achieved because customers, particularly in the retail sector, reviewed the timing of their investments in the fourth quarter amid worsening business sentiment due to the situation in Ukraine and other factors.」

「In the electronics products category, orders for electronic components, including those for semiconductor manufacturing equipment, were strong. However, sales of communications terminal products, which had been strong in the previous fiscal year, declined, and the semiconductor shortage also had an impact. Net sales fell 11.3% year on year to ¥1,849 million.」

「In the electronics products category, orders for electronic components, including those for semiconductor manufacturing equipment, were strong. However, sales of communications terminal products, which had been strong in the previous fiscal year, declined, and the semiconductor shortage also had an impact. Net sales fell 12.5% year on year to ¥801 million.」

「Under these circumstances, consolidated net sales for the cumulative third quarter were ¥14,435 million, down 6.4% year on year. Although sales of remote access products, driven by increased telework demand, and semiconductor components for communications terminals were strong amid the spread of COVID-19, sales declined in the domestic and overseas office-related markets and other markets targeted by the company, including manufacturing and construction.」

「In the Retail Solutions product category, sales of product-surveillance systems declined because of the impact of retail closures and restrictions on new store openings aimed at preventing the spread of COVID-19. This decline was offset by sales of CCTV and facial-recognition systems, resulting in revenue increasing 1.0% year on year to ¥1,783 million.」

「In retail solutions products, sales of product surveillance systems struggled due in part to the impact of retail business closures accompanying measures to prevent the spread of COVID-19, resulting in net sales of ¥743 million, down 14.8% year on year.」

「In retail solutions products, sales of product surveillance systems and CCTV struggled, resulting in net sales of ¥3,464 million, down 6.8% year on year.」

「In retail solutions products, sales of product surveillance systems and CCTV struggled, resulting in net sales of ¥2,697 million, down 5.7% year on year.」

「In retail solutions products, sales of product surveillance systems and CCTV struggled, resulting in net sales of ¥1,766 million, down 9.4% year on year.」

「In industrial equipment products, sales of automotive interior products remained strong, but sales of products for the amusement market declined, resulting in net sales of ¥927 million, down 2.9% year on year.」

「Under these circumstances, consolidated net sales for the cumulative third quarter were ¥14,099 million, down 3.5% year on year.」

「Under these circumstances, consolidated results for the six months ended the second quarter were affected by the fact that, although the Company received a new order for an advanced fire protection system for a large power plant, it had not yet been recognized as revenue in the fiscal year. Net sales declined 3.2% year on year to ¥9,114 million.」

「Net sales in the Systems segment were ¥2,299 million, down 13.8% year on year, while operating income decreased by ¥63 million from the same period of the previous year, resulting in an operating loss of ¥41 million.」

「In industrial equipment products, sales of office furniture and mechanical components for housing equipment, which the company began rolling out in the US market, remained firm, but sales to the ATM and amusement markets struggled, resulting in net sales of ¥4,060 million, down 12.3% year on year.」

「In industrial equipment products, sales to the office furniture and housing equipment markets remained firm, but sales to the ATM and amusement markets struggled, resulting in net sales of ¥2,968 million, down 11.6% year on year.」

「Net sales in the Devices segment were ¥3,521 million, down 6.5% year on year, while operating income decreased by ¥140 million from the same period of the previous year, resulting in an operating loss of ¥17 million. In industrial equipment products, sales to the office furniture and housing equipment markets remained firm, but sales to the ATM and amusement markets struggled, resulting in net sales of ¥1,940 million, down 13.4% year on year.」

「Net sales of electronic products were ¥671 million, down 9.6% year on year, mainly because sales to the industrial equipment, amusement, smartphone, and digital camera markets struggled.」

「Net sales were ¥13,481 million, down 9.1% year on year, due to sluggish sales of mechanical components in the Chinese ATM market and the postponement of RFID system projects.」

「Net sales were ¥8,780 million, down 15.6% year on year, due to sluggish sales of mechanical components in the Chinese ATM market, the postponement of RFID system projects, and a decline in overseas subsidiary sales due to the stronger yen.」

「Sales of these systems are susceptible to fluctuations depending on the extent of customers' new store openings and capital investment, which may in turn affect business performance.」