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Seiren (3569) · RiskWorsened

Customer Inventory Adjustments in the Health, Nursing-Care and Office Businesses

First written in FY2020-Q3. 3 of 8 entries say "Materialised", first in FY2020. Latest entry: FY2025-H1.

8entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2022-Q22020: 320202021: 420212022: 020222023: 020232024: 12024
Same theme, other companies
Sales decline in multi-application products due to prolonged customer inventory adjustmentsA theme 7 companies write about · 7 as a headwind · 0 as a tailwind

Seiren moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).

The whole theme swung hardest in 2020: 3 of 6 companies on the "Worse" side.

1 other company's latest entry also says "Worsened".

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. FY2025-H1WorsenedAnnual report

    「Although bed-related products for hospitals and nursing care facilities performed steadily, high-value-added products struggled to gain traction. At KB Seiren Co., Ltd., consumer materials struggled as they were affected by inventory adjustments at some customers.」

    While bed-related products for hospitals and nursing care facilities performed steadily, high-value-added products and consumer materials struggled due to inventory adjustments at customers and other factors.
  2. FY2022-Q2RestatedAnnual report

    「Some electronics products were affected by weak sales at customers and inventory adjustments due to the spread of COVID-19.」

    Weak sales at customers and inventory adjustments for electronics products continue to occur.
  3. FY2022-Q1WorsenedAnnual report

    「Some electronics products were affected by weak sales at customers and inventory adjustments.」

    It is stated that, in addition to the existing health and nursing care and office businesses, weak sales at customers and inventory adjustments also occurred for electronics products.
  4. FY2021MaterialisedAnnual report

    「Revenue declined due to a drop in new housing starts, lower order volumes and order postponements resulting from customer inventory adjustments in the first half.」

    Inventory adjustments at customers, lower order volumes and postponed orders were cited as factors behind lower sales in the annual results.
  5. FY2021-Q3RestatedAnnual report

    「Revenue declined due to a drop in new housing starts, lower order volumes and order postponements resulting from customer inventory adjustments in the first half.」

    The situation in which inventory adjustments at customers, lower order volumes and postponed orders became factors behind lower sales continues to be cited.
  6. FY2021-Q2MaterialisedAnnual report

    「Sales declined due to the effects of inventory adjustments at customers, lower order volumes and postponed orders.」

    Inventory adjustments at customers, lower order volumes and postponed orders continued to occur, becoming factors behind lower sales in the environment and living materials business.
  7. FY2020MaterialisedAnnual report

    「In the health and nursing-care businesses and the office business, customer inventory adjustments for some products caused sales to decline.」

    Inventory adjustments at customers continued to affect annual results and became a factor behind lower sales in the health and nursing care and office businesses.
  8. FY2020-Q3First statedAnnual report

    「In the health and nursing-care businesses and the office business, customer inventory adjustments for some products caused sales to decline.」

    Customer inventory adjustments for some products reduced sales in the health, nursing-care and office businesses.
Moved together

"Risk of Foreign Exchange Rate Fluctuations" moved the same way as this thread, in the same document, in 5 of its 8 moves.

5222★1234
  1. ★This thread
  2. 1Risk of Foreign Exchange Rate Fluctuations5×
  3. 2Sluggish Domestic Apparel Market and Consumers’ Focus on Saving2×
  4. 3Fluctuations in demand for vehicle materials due to weak automobile sales in Japan and overseas2×
  5. 4Excess Inventory and Order Adjustments in the Interior Materials Market2×

★ 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.

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Customer Inventory Adjustments in the Health, Nursing-Care and Office Businesses | SEIREN CO.,LTD. (3569) | Komori