Delivery delays and sluggish growth in revenue and profit due to customers’ sales adjustments
First written in FY2018-Q2. 9 of 17 entries say "Mitigated", first in FY2018-Q3. Latest entry: FY2025-H1.
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- FY2025-H1MitigatedAnnual report
「In the product planning-related business, revenue increased year on year, mainly because orders and deliveries at Qingdao Xintanfan Trading Co., Ltd. and Genepa Vietnam Co., Ltd. remained strong.」
The risk of lower revenue from sales adjustments by customers and shipment delays has reversed, with orders and deliveries at the Chinese and Vietnamese subsidiaries performing well. - FY2024-Q2MitigatedAnnual report
「In the product planning-related business, although shipments were delayed in the cumulative first quarter due to weak sales at customers, shipments and deliveries progressed in the cumulative second quarter. In addition, orders at our Chinese subsidiary 青島新綻紡貿易有限会社 remained strong, resulting in higher revenue year on year.」
Shipments and deliveries progressed during the quarter following delays caused by weak sales at customers, resulting in higher revenue in the product planning-related business. However, the separate deterioration in efficiency caused by the concentration of deliveries is also noted. - FY2024-Q1MaterialisedAnnual report
「Revenue and profit both declined year on year because weak sales by customers caused many shipments to be pushed into the following quarter.」
Weak sales at customers pushed shipments into the following quarter, and the risk has materialized as declines in revenue and profit in the product planning-related business. - FY2023WorsenedAnnual report
「Sales declined year on year because deliveries of new orders were pushed into the following fiscal year and orders from existing customers remained weak.」
The product planning-related business recorded lower revenue as delivery delays on new orders coincided with sluggish orders from existing customers. - FY2022-Q3MitigatedAnnual report
「Restrictions related to COVID-19 in Vietnam have been gradually eased, while progress in establishing the production system improved factory utilization rates. In addition, orders at the Company's Chinese subsidiary, Qingdao Xinzhanfang Trading Co., Ltd., remained strong, resulting in substantial year-on-year increases in both sales and profit.」
Delivery and production constraints improved substantially as restrictions in Vietnam were eased, factory utilization rates increased and orders at the Chinese subsidiary remained strong, resulting in higher sales and profit in the Product Planning-Related Business. - FY2022-Q2MitigatedAnnual report
「Although conditions such as difficulties in securing production personnel continued at Jenepha Vietnam, partner factories and suppliers due to the impact of COVID-19 in Vietnam, production staffing gradually improved during the second quarter and factory utilization rates trended higher. In addition, orders at the Company's Chinese subsidiary, Qingdao Xinzhanfang Trading Co., Ltd., grew steadily, resulting in substantial year-on-year increases in both sales and profit.」
Although delivery and production constraints due to shortages of production personnel remained, higher utilization rates in Vietnam and increased orders at the Chinese subsidiary enabled sales and profit in the Product Planning-Related Business to exceed the previous year. - FY2022-Q1MitigatedAnnual report
「Although difficulties in securing production personnel and other conditions continued, no restrictions on factory operations had been imposed at the time, and utilization rates had improved compared with the previous year. As a result, both sales and profit increased year on year.」
Although difficulties in securing production personnel continued, there were no restrictions on factory operations and utilization rates improved, resulting in sales and profit in the Product Planning-Related Business exceeding the previous year. - FY2021WorsenedAnnual report
「In the product planning-related business, factory closures and significant operating restrictions continued due to the impact of COVID-19. As productivity declined substantially at Genepa Vietnam Co., Ltd., our partner factories and suppliers, overall revenue declined significantly.」
Delivery and production risks expanded into lower productivity at the Vietnamese subsidiary, partner factories and suppliers, resulting in lower sales and losses in the Product Planning-Related Business. - FY2021-Q2WorsenedAnnual report
「In the Product Planning-Related Business, sales for the business as a whole declined because delivery schedules for furniture and bedding, the products handled by the main sales channel, were adjusted due to the impact of COVID-19.」
The impact of delivery schedule adjustments by major customers on sales continued, leading to lower sales in the Product Planning-Related Business. Difficulty securing containers and procuring raw materials also arose. - FY2021-Q1WorsenedAnnual report
「In the Product Planning-Related Business, sales declined year on year because shipping delays caused by the continuing impact of COVID-19 occurred.」
Continuing shipping delays caused by the impact of COVID-19 occurred, resulting in lower sales in the Product Planning-Related Business. - FY2020MitigatedAnnual report
「Sales increased because deliveries of furniture and bedding, the main products handled, gradually progressed and the main products sold well at Qingdao Xinzhanfang Trading Co., Ltd.」
Although shipping delays due to COVID-19 remained, deliveries of furniture and bedding progressed, resulting in higher sales in the Product Planning-Related Business. - FY2020-Q2WorsenedAnnual report
「In the Product Planning-Related Business, sales of the main products were sluggish because delivery schedules for furniture and bedding, the products handled by the main sales channel, were adjusted due to the impact of COVID-19,」
The impact of delivery schedule adjustments by major customers on sales continued and became more pronounced against the backdrop of COVID-19, resulting in sluggish sales of the main products. - FY2020-Q1MaterialisedAnnual report
「In the Product Planning-Related Business, although orders had been received for furniture and bedding, the main products handled by sales outlets, sales declined because delivery schedules were adjusted.」
Delivery schedule adjustments by sales outlets actually caused sales in the Product Planning-Related Business to decline despite the receipt of orders. - FY2019-Q1MitigatedAnnual report
「In the Product Planning-Related Business, the timing gap in recognizing sales from the previous consolidated fiscal year was resolved during the first quarter of the current consolidated fiscal year, resulting in strong sales and profit, although」
It is stated that the timing gap in recognizing sales arising in the previous consolidated fiscal year was resolved, and that sales and profit in the Product Planning-Related Business performed strongly. - FY2018MitigatedAnnual report
「Sales in the Product Planning-Related Business are growing steadily.」
There is no mention of delivery delays or sluggish sales due to sales adjustments by major customers, and it is stated that sales in the Product Planning-Related Business grew steadily. - FY2018-Q3MitigatedAnnual report
「In the Product Planning-Related Business, the situation of sluggish sales caused by delayed deliveries and other effects of sales adjustments by major customers is being resolved, and sales have been recovering steadily since May 2018.」
The delivery delays and sluggish sales caused by sales adjustments by major customers are being resolved, and sales have been recovering since May 2018. - FY2018-Q2MaterialisedAnnual report
「However, sales and profit at each stage remained sluggish because delivery dates for products supplied by the Company were pushed back to the following quarter or later due to sales adjustments by major customers. The sales adjustments by major customers are expected to proceed as planned for the full fiscal year.」
Sales adjustments by major customers pushed deliveries into the following quarter or later, causing sales and profit at each stage to remain sluggish in the second quarter. It is also stated that they are expected to proceed as planned for the full fiscal year.