Recognition of Japanese Quality and Opportunities to Win Orders Amid Tighter Chinese Environmental Regulations
First written in FY2018-Q1. 4 of 12 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2021-Q1.
Sanno moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Dropped".
- FY2021-Q1DroppedAnnual reportThe explanation of business results for the quarter contains no explicit reference to the recognition of Japanese quality or order transfers from competitors amid tighter environmental regulations in China, which had been described through the previous fiscal year.
- FY2020WorsenedAnnual report
「During the consolidated fiscal year, net sales declined from the same period of the previous year amid sluggish demand for electronic components due to US-China trade friction, as well as operating restrictions associated with tighter environmental regulations implemented by the Chinese government and operating restrictions related to measures against COVID-19. The company nevertheless pursued thorough profitability-improvement measures, including expense reductions.」
Tighter environmental regulations in China acted not as a source of recognition of Japanese quality and order transfers, as previously, but as operating restrictions, contributing to the decline in net sales together with US-China trade friction and measures against infectious diseases. - FY2020-Q3WorsenedAnnual report
「During the third-quarter cumulative consolidated period, net sales declined substantially from the same period of the previous year due to sluggish orders resulting from US-China trade friction, as well as operating restrictions associated with tighter environmental regulations implemented by the Chinese government and operating restrictions related to measures against COVID-19.」
Rather than the previous order opportunities arising amid tighter environmental regulations in China, the disclosure describes operating restrictions resulting from environmental regulations and measures against COVID-19, which led to the decline in net sales. - FY2020-Q2WorsenedAnnual report
「During the second quarter cumulative consolidated period, the order environment deteriorated rapidly as orders remained sluggish due to US-China trade friction, and the Company worked to reduce expenses in response. Net sales were ¥731 million, down 23.1% year on year, and operating profit was ¥3 million, down 97.0% year on year.」
No order opportunities arising from recognition of Japanese quality or order transfers amid tighter environmental regulations in China are mentioned. Instead, sluggish orders due to US-China trade friction and the rapid deterioration of the order environment are emphasized. - FY2020-Q1WorsenedAnnual report
「During the first-quarter cumulative consolidated period, the order environment deteriorated rapidly as orders remained sluggish due to US-China trade friction and transfers of orders from competitors declined amid tighter environmental regulations.」
Against a backdrop of tighter environmental regulations in China, the transfers of orders that had previously arisen from competitors declined, worsening the environment for converting recognition of Japanese quality into orders. The China business recorded a 25.8% year-on-year decline in net sales. - FY2019Full-year revenue growth and operating profit growth supported by recognition of Japanese qualityAnnual report
「During the consolidated fiscal year, we worked to improve profitability by pursuing proactive sales activities in response to the growing recognition of Japanese quality amid tighter environmental regulations in China, while also implementing thorough expense-reduction measures.」
Against a backdrop of recognition of Japanese quality amid tighter environmental regulations in China, the company pursued proactive sales activities and expense reductions, achieving full-year revenue growth and higher operating profit. - FY2019-Q3Continued revenue growth and operating profitability supported by recognition of Japanese qualityAnnual report
「During the third-quarter cumulative consolidated period, we achieved net sales substantially above the level of the same period of the previous year and operating profit by pursuing proactive sales activities in response to the growing recognition of Japanese quality amid tighter environmental regulations in China, which significantly improved profitability compared with the same period of the previous year.」
Against a backdrop of recognition of Japanese quality amid tighter environmental regulations in China, net sales increased 13.2% year on year and operating profit of ¥89 million was secured. - FY2019-Q2Revenue growth and high operating profit supported by recognition of Japanese qualityAnnual report
「As recognition of Japanese quality increased amid tighter environmental regulations in China, we secured net sales substantially above the level of the same period of the previous year through proactive sales activities, significantly improved profitability compared with the same period of the previous year, and achieved a high level of operating profit.」
Amid recognition of Japanese quality against a backdrop of tighter environmental regulations in China, net sales increased 24.9% year on year and operating profit of ¥98 million was secured. - FY2019-Q1Revenue growth and a return to operating profitability supported by recognition of Japanese qualityAnnual report
「② China During the first-quarter cumulative consolidated period, we achieved net sales substantially above the level of the same period of the previous year and secured operating profitability by pursuing proactive sales activities in response to the growing recognition of Japanese quality amid tighter environmental regulations in China.」
Amid recognition of Japanese quality against a backdrop of tighter environmental regulations in China, net sales increased 25.8% year on year and the company returned to operating profitability. The focus has shifted from narrowing losses to securing operating profit. - FY2018-Q3Revenue growth and narrower losses supported by recognition of Japanese qualityAnnual report
「During the third quarter cumulative consolidated period, the Company secured net sales above the year-earlier level by actively pursuing sales opportunities amid increased recognition of Japanese quality following tighter environmental regulations in China. However, personnel expenses remained elevated as the Company actively recruited and trained employees to establish a production system capable of supporting higher output, and it was unable to secure an operating profit for the third quarter cumulative consolidated period. Net sales were ¥1,093 million, up 26.5% year on year, and the operating loss was ¥29 million, compared with an operating loss of ¥56 million in the year-earlier period.」
Amid recognition of Japanese quality against a backdrop of tighter environmental regulations in China, net sales increased 26.5% year on year, while the operating loss narrowed from ¥56 million to ¥29 million. - FY2018-Q2Continued revenue growth supported by recognition of Japanese qualityAnnual report
「During the second quarter cumulative consolidated period, the Company secured net sales above the year-earlier level by actively pursuing sales opportunities amid increased recognition of Japanese quality following tighter environmental regulations in China. However, personnel expenses remained elevated as the Company actively recruited and trained employees to establish a production system capable of supporting higher output, and it was unable to secure an operating profit for the second quarter cumulative consolidated period. Net sales were ¥761 million, up 25.0% year on year, and the operating loss was ¥10 million, compared with an operating loss of ¥34 million in the year-earlier period.」
Against a backdrop of recognition of Japanese quality amid tighter environmental regulations in China, proactive sales activities resulted in a 25.0% year-on-year increase in net sales. This factor and persistently high personnel expenses are stated together. - FY2018-Q1First statedAnnual report
「As recognition of Japanese quality increased amid tighter environmental regulations in China, we were able to secure net sales above the level of the same period of the previous year by pursuing proactive sales activities.」
Recognition of Japanese quality rose amid tighter environmental regulations in China, and sales activities led to net sales exceeding the level of the same period of the previous year.