Expansion in IT-Related Demand Driven by Telework and the GIGA School Initiative
First written in FY2021-Q2. 1 of 6 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2022.
The whole theme swung hardest in 2022: 2 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2022The pullback from large GIGA School Initiative projects materialized as a full-year revenue declineAnnual report
「Although we developed proactive proposal-based sales activities, revenue declined due to the pullback from the large project related to the GIGA School Initiative recorded in the same period of the previous year.」
The pullback from the previous fiscal year’s GIGA School Initiative-related demand caused a decline following large projects, resulting in a 4.4% year-on-year decrease in full-year revenue in the office furniture business. - FY2022-Q3RestatedAnnual report
「Although we developed proactive proposal-based sales activities, revenue declined due to the pullback from the large project related to the GIGA School Initiative recorded in the same period of the previous year.」
The office furniture business continues to experience a revenue decline due to the pullback from large projects related to the GIGA School Initiative, with the end of and subsequent decline in IT-related demand continuing to be reported. - FY2022-Q2Revenue decline due to the pullback from large GIGA projectsAnnual report
「Revenue decreased from the same period of the previous year because the pullback from the large project related to the GIGA School Initiative recorded in the same period of the previous year became a factor for the decline.」
Demand related to the GIGA School Initiative, which had been cited as a positive factor through the previous quarter, emerged as a factor behind lower revenue in the office furniture business due to the pullback from large projects. - FY2022-Q1Pullback from GIGA projects and shift to new office demandAnnual report
「In the office furniture market, moves to create new types of offices accelerated in response to rapid changes in working styles during the COVID-19 pandemic, increasing demand for work booths, office DX and other products.」
Although demand for large projects related to the GIGA School Initiative declined following the earlier surge, demand increased for new approaches to office design, including work booths and office digital transformation. - FY2021-Q3AdvancedAnnual report
「Sales and profit increased from the same period of the previous year, supported by strong sales of tablet PC charging and storage cabinets under the GIGA School Initiative.」
Strong sales of tablet PC charging and storage cabinets associated with the GIGA School Initiative specifically translated into higher revenue and profit in the office furniture business. - FY2021-Q2First statedAnnual report
「New demand increased as a result of measures to address the COVID-19 pandemic, including the development of IT environments accompanying companies’ promotion of telework and the GIGA School Initiative.」
In the office furniture market, new demand increased for the development of IT environments associated with telework and the GIGA School Initiative. In particular, the company states that strong sales of tablet PC charging and storage cabinets related to the GIGA School Initiative boosted results.