Expansion into Six Market Areas and the Environmental Energy Market
First written in FY2023. 5 of 10 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2025: 5 of 24 companies on the "Worse" side.
13 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Although the Company effectively withdrew from products that became unprofitable in the Chinese market for high-performance heat sinks for the industrial laser equipment market, revenue from heat sink products increased from the previous fiscal year, supported by the recovery in demand from major customers in Europe and the United States. Revenue from glass products also increased from the previous fiscal year, owing in part to the simultaneous recovery in demand from multiple customers.」
While withdrawing from unprofitable products in the Chinese market, full-year revenue from the main products increased from the previous fiscal year, driven by the recovery in demand from major customers in Europe and the United States and multiple glass product customers. - FY2026-H1AdvancedAnnual report
「Although the Company effectively withdrew from unprofitable products in China in the high-performance heat sink business for the industrial laser equipment market, sales increased from the same period of the previous year due to recovering demand from major customers in Europe, the United States and Japan, among other factors. Sales of glass products also increased from the same period of the previous year, partly because demand recovered among multiple customers, particularly in Asian markets.」
Although the Company effectively withdrew from unprofitable products in China, sales of heat sink and glass products increased from the same period of the previous year due to recovering demand from major customers in Europe, the United States and Japan and in Asian markets. - FY2025Deteriorating performance by market and renewed expansion of the customer baseAnnual report
「Sales in the Chinese market have declined significantly due to worsening market conditions and continued price competition with Chinese competitors. Meanwhile, major manufacturers in Japan, the United States and Europe are also customers of the Group, and we will work to strengthen relationships with existing customers and develop new customers so that we can reliably capture their demand.」
While continuing its policy of expansion into six markets, it explicitly states that sales in China declined significantly and identifies strengthening relationships with existing customers in Japan, the United States and Europe and developing new customers as countermeasures. - FY2024Reflecting full-year resultsAnnual report
「We are working to increase the penetration of our products in six main markets: industrial equipment, automotive, optical and wireless communications, life sciences, aerospace, and environmental and energy.」
While continuing its policy of expansion into six markets, the Company saw sales decline during the period due to fluctuations in demand for heat sink products, including in China, and glass products for the European and U.S. markets. - FY2024-Q3Signs of recovery in Chinese orders and declining sales by marketAnnual report
「Although the Chinese market for laser processing equipment has recently seen a recovery in orders, demand has tended to decline across a broad range of applications due to worsening business sentiment stemming from the real estate problem. In addition, including markets outside China, demand has tended to fluctuate significantly because of price competition and short-term inventory adjustments by manufacturers, resulting in a year-on-year decline in sales of heat sink products overall. Although glass products for the domestic market performed steadily, sales of products for the European and U.S. markets declined from the same period of the previous year due to short-term fluctuations in customer demand, among other factors.」
Although orders recovered in the Chinese market, the decline in demand continued. Sales of heat sink products, including outside China, and glass products for the European and U.S. markets declined from the same period of the previous year against a backdrop of price competition and short-term fluctuations in customer demand. - FY2024-Q2Diverging performance by marketAnnual report
「Although products for the domestic market performed steadily, sales declined from the same period of the previous year due to short-term fluctuations in customer demand for products for the European and U.S. markets, among other factors.」
Market expansion performance diverged between domestic and European and U.S. markets, with sales declining in the latter due to short-term fluctuations in customer demand. - FY2024-Q1AdvancedAnnual report
「Glass products performed steadily, led by products for the domestic automotive market and overseas life sciences markets, and sales increased.」
Sales of glass products increased in the automotive and life sciences markets, confirming progress in expansion across multiple markets. - FY2023First statedAnnual report
「We are working to increase the penetration of our products in six main markets: industrial equipment, automotive, optical and wireless communications, life sciences, aerospace, and environmental and energy.」
It indicates expansion beyond existing applications such as semiconductor lasers into automotive, medical, environmental and energy, and other markets.