Risk of economic and demand fluctuations associated with a high overseas sales ratio
First written in FY2023. 4 of 8 entries say "Materialised", first in FY2024-Q2. Latest entry: FY2026.
Tecnisco moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 41 of 56 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In particular, the Group has a high overseas sales ratio, with overseas sales accounting for 53.2% of consolidated revenue for the fiscal year ending June 2026.」
The overseas sales ratio rose from 50.7% in the previous fiscal year to 53.2%, indicating renewed dependence on overseas demand and regional economic conditions. - FY2026-H1Explicit disclosure of U.S. tariff policy risksAnnual report
「The Japanese and global economies during the interim consolidated accounting period remained uncertain, amid heightened geopolitical risks, including risks associated with U.S. tariff policies, sluggish business sentiment in China, and the situations in Ukraine and the Middle East.」
The Group continues to recognise overseas economic and geopolitical risks and newly identified the risk associated with U.S. tariff policies as a source of uncertainty. - FY2025MaterialisedAnnual report
「In particular, our Group has a high overseas sales ratio, at 50.7% of consolidated net sales for the fiscal year ended June 2025.」
The overseas sales ratio declined from 65.8% in the previous fiscal year to 50.7%, but overseas dependence remains high, and deteriorating business sentiment, price competition and declining demand in China, together with fluctuations in demand in Japan, Europe and the United States, materialised as lower sales. - FY2025-H1MaterialisedAnnual report
「Against this backdrop, sales of high-performance heat sinks for the industrial laser equipment market, the Group's main products, declined from the same period of the previous year, primarily in the Chinese market, due to a combination of deteriorating business sentiment stemming from the real estate problem, continued price competition with Chinese competitors and lower demand from some customers. Sales of glass products also declined from the same period of the previous year, mainly because of short-term fluctuations in customer demand for products destined for Japan and Europe.」
In overseas markets, including China, Japan and Europe, deteriorating business sentiment, price competition and fluctuations in customer demand continue to materialise as declining product sales. - FY2024Overseas sales ratio remains high despite declineAnnual report
「In particular, our Group has a high overseas sales ratio, at 65.8% of consolidated net sales for the fiscal year ended June 2024.」
The overseas sales ratio declined from 71.8% in the previous fiscal year to 65.8%, but the Group remains structurally exposed to overseas demand, regional economic conditions and customer capital investment, and declining demand in overseas markets materialised in the current fiscal year. - FY2024-Q3MaterialisedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese and global economies remained uncertain, due to persistently high inflation and rising geopolitical risks related to the situation in Ukraine, the situation in the Middle East and other factors.」
Uncertainty stemming from persistently high inflation and geopolitical risks, including the situations in Ukraine and the Middle East, continues, with the impact emerging as fluctuations in demand, including in overseas markets, and declining product sales. - FY2024-Q2MaterialisedAnnual report
「There are still many uncertain factors, including worsening business conditions in China, the situation in Ukraine and, more recently, the situation in the Middle East, and the outlook therefore remains uncertain.」
Uncertainty in overseas economic and geopolitical conditions has continued, affecting products for China and Europe and the United States through fluctuations in demand and lower sales. - FY2023First statedAnnual report
「In particular, the Group has a high overseas sales ratio, with overseas sales accounting for 71.8% of consolidated net sales in the fiscal year ended June 2023」
The Group recognizes risks arising from overseas demand, customers’ capital investment, production trends, and economic and geopolitical conditions in each region. During the period, production adjustments by Chinese customers and delays in the timing of product acceptance actually occurred.