Komori
Cominix (3173) · RiskProfit growth despite lower sales, driven by improved gross margin

Impact on the Optical Products Business from weak FPD and semiconductor investment in China

First written in FY2020-Q1. 9 of 20 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2026.

20entries
8years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2020-Q3 – FY2022-Q1MitigatedFY2023-Q1 – FY2023MaterialisedFY2024-Q1 – FY20242019: 220192020: 220202021: 220212022: 420222023: 420232024: 220242025: 220252026: 22026
Same theme, other companies
Slowing and Stagnating Demand for Semiconductors and Flat-Panel DisplaysA theme 87 companies write about · 91 as a headwind · 0 as a tailwind

Cominix moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).

The whole theme swung hardest in 2023: 48 of 76 companies on the "Worse" side.

7 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 87 companies compared. The sentences above are computed from all 87.
Full recordFilings, disclosures and news, newest first
  1. FY2026Profit growth despite lower sales, driven by improved gross marginAnnual report

    「The main factor was sluggish orders and sales in video-related businesses, including LED displays and the core machine-vision-related business, despite an active focus on developing new customers in the domestic market in addition to serving existing customers. On the profit front, however, profit increased as the company implemented measures including improving its gross margin.」

    Orders and sales in the video- and machine-vision-related businesses remained sluggish, resulting in lower sales in the Optical Products Business, but the deterioration in profit was contained through an improved gross margin.
  2. 2026-05-15MaterialisedOccurring Fact

    「主力のマシンビジョン関連ビジネスをはじめとしたLEDビジョンなどの映像関連ビジネスにおいて、既存顧客の他、国内市場の新規開拓に積極的に注力しましたが受注・売上ともに伸び悩みました。」

    国内新規開拓を進めたものの、映像関連ビジネスの受注・売上の伸び悩みが光製品事業の減収として現れた。
  3. FY2026-H1MaterialisedAnnual report

    「Net sales were ¥650 million, down 17.2% from the previous interim consolidated accounting period, and segment profit was ¥53 million, down 1.4%, resulting in lower sales and profit. The main factor was sluggish orders and sales in video-related businesses, including LED displays and the core machine-vision-related business, despite an active focus on developing new customers in the domestic market in addition to serving existing customers.」

    Although the company pursued new customer development in Japan for its machine-vision and video-related businesses, orders and sales remained sluggish, resulting in lower sales and profit in the Optical Products Business.
  4. FY2025MitigatedAnnual report

    「Net sales were ¥1,458 million, up 8.2% from the previous consolidated fiscal year, and segment profit was ¥95 million, up 83.1%, resulting in higher sales and profit.」

    Despite continued weakness in the Chinese and South Korean markets, the Optical Products Business posted higher sales and profit through its communications and video businesses, development of new customers and mass-production projects, and software and systems sales.
  5. FY2024MaterialisedAnnual report

    「In the Optical Products Business, net sales were ¥1,348 million, down 22.0% from the previous consolidated fiscal year, and segment profit was ¥52 million, down 63.9%, resulting in lower sales and profit. The main factor was sluggish sales throughout the year due to weakness in the core machine-vision-related business, which was affected by lower demand from major customers in China, despite efforts to promote sales activities including trade-show participation.」

    Weak demand related to the electrical equipment and semiconductor industries and for China resulted in lower sales and profit in the machine-vision-related business over the full year.
  6. FY2024-Q3MaterialisedAnnual report

    「Net sales were ¥1,063 million, down 13.7% year on year, and segment profit was ¥46 million, down 57.6%, resulting in lower sales and profit. The main factor was sluggish sales in the core machine-vision-related business due to lower demand from major customers in China, despite efforts to promote sales activities including trade-show participation.」

    Lower demand from major customers in China resulted in sluggish sales in the core machine-vision-related business, a 13.7% decline in Optical Products Business net sales and a 57.6% decline in profit.
  7. FY2024-Q2MaterialisedAnnual report

    「Net sales were ¥733 million, down 15.6% year on year, and segment profit was ¥33 million, down 60.0%, resulting in lower sales and profit. The main factor was sluggish sales due to weak conditions in the electrical equipment and semiconductor industries and lower demand from major customers in China, despite efforts to promote sales activities including trade-show participation.」

    Weakness in the electrical equipment and semiconductor industries and lower demand from major customers in China resulted in a 15.6% decline in Optical Products Business net sales and a 60.0% decline in profit.
  8. FY2024-Q1MaterialisedAnnual report

    「In the Optical Products Business, the company worked to advance its core image-processing business and secure a stable supply of components amid the global semiconductor shortage. However, orders declined against a backdrop of weak business conditions in the electrical equipment and semiconductor industries.」

    Weak business conditions in the electrical equipment and semiconductor industries led to lower orders, reflected in a 20.0% decline in Optical Products Business net sales and a 64.2% decline in segment profit.
  9. FY2023MitigatedAnnual report

    「In the Optical Products Business, amid the semiconductor shortage, the company expanded its existing business by actively securing inventory and continued to focus on advancing the image-processing business acquired through a business transfer in the previous fiscal year. Net sales and segment profit remained firm. As a result, net sales were ¥1,728 million, up 40.3% from the previous consolidated fiscal year, and segment profit was ¥145 million, up 98.4%, resulting in higher sales and profit.」

    With the semiconductor shortage continuing, the company focused on securing inventory and advancing the image-processing business, resulting in higher sales and profit in the Optical Products Business and easing the impact of supply constraints on full-year performance.
  10. FY2023-Q3MitigatedAnnual report

    「In the Optical Products Business, the company continued to focus on advancing the image-processing business acquired through a business transfer in the previous fiscal year, in addition to expanding its existing business by actively securing components. As a result, net sales were ¥1,232 million, up 39.5% year on year, and segment profit was ¥110 million, up 139.0%, resulting in higher sales and profit.」

    Component procurement and progress in the image-processing business resulted in higher sales and profit in the Optical Products Business, easing the adverse impact of semiconductor- and component-related risks on performance in the current quarter.
  11. FY2023-Q2MitigatedAnnual report

    「In the Optical Products Business, despite the impact of the global semiconductor shortage, the company focused on advancing the image-processing business acquired through a business transfer in the previous fiscal year. It also worked to expand its existing business by actively securing components and to increase market share through new customer development. As a result, net sales were ¥868 million, up 51.5% year on year, and segment profit was ¥84 million, up 173.4%, resulting in higher sales and profit.」

    Despite the continuing impact of the semiconductor shortage, progress in the image-processing business, component procurement and new customer development resulted in substantial sales and profit growth in the Optical Products Business, easing the impact of supply constraints on performance in the current quarter.
  12. FY2023-Q1MitigatedAnnual report

    「In the Optical Products Business, despite the impact of the global semiconductor shortage, the company worked to advance the image-processing business acquired through a business transfer in the previous fiscal year and secure a stable supply of components. As a result, net sales were ¥433 million, up 65.3% year on year, and segment profit was ¥49 million, up 242.2%, resulting in higher sales and profit.」

    Although the global semiconductor shortage continued to have an impact, progress in the image-processing business and stable procurement of components resulted in substantial sales and profit growth in the Optical Products Business, easing the adverse impact of supply constraints from the previous fiscal year.
  13. FY2022WorsenedAnnual report

    「In the Optical Products Business, the company implemented measures focused on higher-priced products while some projects continued to experience delays in progress and delivery due to the global semiconductor shortage. However, amid soaring raw-material prices, net sales were ¥1,232.216 million, up 5.1% from the previous consolidated fiscal year, while segment profit was ¥75.684 million, down 2.1%, resulting in higher sales but lower profit.」

    In addition to project delays caused by the semiconductor shortage, higher raw-material prices resulted in lower profit despite higher sales.
  14. FY2022-Q3MaterialisedAnnual report

    「In the Optical Products Business, the company implemented measures including actively promoting the image-processing-related business acquired through a business transfer. However, project progress and deliveries were delayed due to the global semiconductor shortage. As a result, net sales were ¥883.615 million, up 3.7% year on year, while segment profit was ¥47.653 million, down 25.6%, resulting in higher sales but lower profit.」

    Delays in project progress and deliveries caused by the global semiconductor shortage resulted in lower profit despite higher sales in the Optical Products Business.
  15. FY2022-Q2MitigatedAnnual report

    「In the Optical Products Business, the company implemented measures including acquiring the distribution rights for overseas products to expand its operations in the image-processing industry. As a result, net sales were ¥573.290 million, up 12.3% year on year, and segment profit was ¥31.040 million, up 22.9%, resulting in higher sales and profit.」

    The Optical Products Business posted higher sales and profit through the acquisition of distribution rights for overseas products and other measures, while the negative impact of stagnation in the semiconductor and image-processing markets on performance eased in the current quarter.
  16. FY2022-Q1WorsenedAnnual report

    「In the Optical Products Business, some projects were delayed in terms of progress and delivery due to the global semiconductor shortage. However, demand had recovered from the COVID-19-related stagnation in the same quarter of the previous year, resulting in higher sales and profit: net sales were ¥262.233 million, up 5.3% year on year, and segment profit was ¥14.924 million, up 116.6%.」

    The global semiconductor shortage actually caused delays in project progress and deliveries in the Optical Products Business.
  17. FY2021-Q2MaterialisedAnnual report

    「In the Optical Products Business, the company promoted the expansion of sales of new products and other initiatives. However, net sales and segment profit remained sluggish, mainly because the COVID-19 pandemic caused delays in the progress and delivery of some projects, particularly event-related projects, as well as postponements of development projects.」

    In the Optical Products Business, the COVID-19 pandemic caused delays in event-related projects and deliveries, as well as postponements of development projects, resulting in a 20.9% decline in net sales and a 45.7% decline in segment profit.
  18. FY2020-Q3MaterialisedAnnual report

    「In the Optical Products Business, the company pursued measures including acquiring new customers through trade-show participation and expanding sales of new products. However, sales remained sluggish, mainly because some projects were delayed due to the impact of Japan–South Korea tensions on flat-panel display capital investment and export controls on semiconductor materials. As a result, net sales were ¥875.919 million, down 10.2% year on year, while segment profit was ¥54.652 million, up 14.7%.」

    In addition to the previous weakness in FPD and semiconductor investment in China, Japan–South Korea tensions and export controls on semiconductor materials led to delays in some projects and a 10.2% decline in Optical Products Business net sales. Segment profit, however, increased 14.7%.
  19. FY2020-Q2MitigatedAnnual report

    「In the Optical Products Business, net sales remained firm, mainly because sales to the flat-panel display industry increased. As a result, net sales were ¥645.482 million, up 4.2% year on year, and segment profit was ¥46.536 million, up 69.2%.」

    Compared with the impact of weak investment related to flat-panel displays reported in the previous quarter, sales to that industry increased in the current quarter, resulting in higher sales and profit in the Optical Products Business. There was no new disclosure regarding the semiconductor market.
  20. FY2020-Q1First statedAnnual report

    「In the Optical Products Business, investment related to flat-panel displays in China and the semiconductor market were sluggish, affecting sales of optical equipment and other products to the machine-vision inspection equipment industry. As a result, net sales and segment profit remained sluggish.」

    The company explicitly identified for the first time the specific risk that weak investment related to flat-panel displays in China and the sluggish semiconductor market had affected sales to the machine-vision inspection equipment industry and the performance of the Optical Products Business.
Moved together

"Expansion of overseas sales and profit" moved the same way as this thread, in the same document, in 11 of its 20 moves.

1199876★123456
  1. ★This thread
  2. 1Expansion of overseas sales and profit11×
  3. 2Enhancing corporate value and earnings power9×
  4. 3Country risks in overseas operations9×
  5. 4Higher Revenue and Operating Profit8×
  6. 5Management control based on a four-year medium-term management plan and annual budgets7×
  7. 6Growth and sales network development in overseas markets6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Cominix's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Occurring Fact of 2026-05-15: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.