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Startia Holdings (3393) · RiskMaterialised

Risks of Declining Demand for Multifunction Printers and Falling Selling Prices

First written in FY2020. 5 of 9 entries say "Mitigated", first in FY2022-Q3. Latest entry: FY2026-H1.

9entries
6years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2021-Q2MitigatedFY2022-Q3 – FY2023-Q3MitigatedFY2024-Q2 – FY20242020: 220202021: 020212022: 220222023: 320232024: 120242025: 12025
Same theme, other companies
Declining MFP demand and falling selling prices due to intensified competitionA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Startia Holdings moved to the "Worse" side of this theme in 2025.

0 other companies' latest entry also says "Materialised".

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.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1MaterialisedAnnual report

    「However, the increase in MFP procurement costs and the resulting pass-through to sales prices caused orders from sales agencies to slow, particularly, resulting in revenue falling below expectations.」

    The increase in MFP procurement costs and the pass-through to sales prices actually led to slower orders from sales agencies and revenue falling below expectations.
  2. FY2024MitigatedAnnual report

    「The addition of 株式会社ビジネスサービス as a consolidated subsidiary in October 2023 and the acquisition of the IT infrastructure business from 株式会社丸正事務器 in November 2023 contributed to expanding MFP (Multifunction Peripheral: multifunction printer/copier) sales. In addition, partner sales of MFPs and sales of business phones and network-related equipment performed well, resulting in higher revenue and profit.」

    The addition of an MFP subsidiary, the acquisition of a business, strong partner sales and strong sales of network equipment and other products partly mitigated the impact of the risk of declining demand for multifunction peripherals due to paperless processes and other factors.
  3. FY2024-Q2MitigatedAnnual report

    「During the cumulative second quarter, direct sales of MFPs (multifunction peripherals), the main products, as well as solution projects involving the introduction of network equipment centered on UTM (unified threat management), an information security product, and sales of business phones and other products performed well.」

    Direct MFP sales, network equipment centered on UTM, and sales of business phones and other products performed well, partly mitigating the impact of the risk of declining demand for multifunction peripherals.
  4. FY2023RestatedAnnual report

    「In addition to the risk that demand for multifunction peripherals and their maintenance services will gradually decline as Japanese companies further adopt paperless offices through DX (digital transformation), intensifying competition may cause MFP sales prices and per-page counter service fees to fall and reduce the customer base, potentially affecting the Group's business and operating results.」

    The risk of declining demand for multifunction peripherals and falling prices due to paperless processes was reconfirmed, with countermeasures such as electronic signatures and electronic books also listed.
  5. FY2023-Q3MitigatedAnnual report

    「Revenue and profit increased significantly as direct sales of MFPs performed well and network equipment, centered on UTM information security products, remained steady.」

    Direct MFP sales and sales of network equipment centered on UTM performed steadily, resulting in significant increases in revenue and profit. This indicates that the impact of the risk of declining demand for multifunction peripherals and falling prices was partly mitigated.
  6. FY2023-Q1MitigatedAnnual report

    「MFP sales also performed well, mainly through partner sales, resulting in increased revenue and profit.」

    Strong MFP sales partly mitigated the impact of the risk of declining demand for traditional office equipment.
  7. FY2022-Q3MitigatedAnnual report

    「Sales of business phones declined due to inventory shortages at business phone manufacturers and others resulting from the semiconductor shortage, while sales of MFPs (multifunction peripherals), the main products in this business, and network equipment remained steady.」

    Business phone sales declined due to supply constraints, while sales of MFPs and network equipment remained steady.
  8. FY2021-Q2MaterialisedAnnual report

    「As more companies adopted teleworking, counter revenue declined, particularly due to reduced MFP usage, resulting in lower subscription-based revenue.」

    Reduced MFP usage and declines in counter revenue and subscription-based revenue resulting from increased adoption of teleworking actually occurred.
  9. FY2020First statedAnnual report

    「As paperless processes advance, demand for multifunction peripherals and their maintenance services may gradually decline, reducing the Group's revenue and gross profit. Intensifying competition may also affect the sales prices of MFPs (multifunction peripherals) and the gross profit from counter services.」

    The decline in demand for multifunction peripherals and maintenance services due to paperless processes, and the decline in sales prices and gross profit due to intensifying competition, were disclosed separately as risks for the first time.
Moved together

"Expansion of web applications and O2O-related products" moved the same way as this thread, in the same document, in 5 of its 9 moves.

555444★123456
  1. ★This thread
  2. 1Expansion of web applications and O2O-related products5×
  3. 2Management KPIs that prioritize operating profit, operating margin, and recurring revenue ratio5×
  4. 3Risk that the Subscription Model Will Not Achieve Widespread Adoption5×
  5. 4Capital and Business Alliance with New Technology Services, Including NFTs4×
  6. 5Selective concentration of management resources on core fields4×
  7. 6Strengthening the Recurring-Revenue Business4×

★ 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
Startia Holdings's next results are scheduled for 2026-11-06. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Risks of Declining Demand for Multifunction Printers and Falling Selling Prices | Startia Holdings,Inc. (3393) | Komori