Order and bad-debt risks arising from the business strategies and creditworthiness of PIM customers
First written in FY2016. 3 of 13 entries say "Restated". Latest entry: FY2025.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Shipment volumes for automotive turbo components had been substantially below plan due to inventory adjustments associated with entering a preparation period for product specification changes, but mass-production shipments resumed after evaluation of the specification changes was completed.」
Mass-production shipments of automotive turbo components, which had declined due to customer-driven inventory adjustments and specification changes, resumed after evaluation of the specification changes was completed. - FY2025-H1MitigatedAnnual report
「In the PIM business, sales of high-performance components recovered as capital investment conditions improved, and the resumption of mass-production shipments of automotive components resulted in a substantial increase in revenue.」
Mass-production shipments of PIM automotive components, which had been suspended or intermittent due to issues attributable to customers and specification changes, resumed. The recovery in high-performance component sales as investment conditions recovered also temporarily eased the risks related to orders and shipments. - FY2024MaterialisedAnnual report
「For assets related to the PIM business, planned order volumes for automotive turbo components fell substantially due to various issues attributable to business partners and production adjustments resulting from product specification changes. In addition, orders for high-performance components remained sluggish, creating surplus capacity in the mass-production equipment originally planned. After considering the utilization rate, future utilization outlook and recoverability of the equipment, the company recorded an impairment loss of ¥429.865 million as an extraordinary loss in the current consolidated fiscal year.」
Issues attributable to customers, specification changes and weak orders for high-performance components actually resulted in surplus mass-production equipment and an impairment loss of ¥429 million. - FY2024-Q3WorsenedAnnual report
「Supply of 5 automotive turbo component items resumed during the first quarter, but orders continued to decline from the second quarter because the company entered a preparation period associated with product specification changes.」
For the 5 automotive turbo component items, orders continued to decline after supply resumed because of the preparation period associated with product specification changes, and order fluctuations caused by customer-side circumstances continued. - FY2024-Q2MaterialisedAnnual report
「Supply of 5 automotive turbo component items resumed during the first quarter, but orders became intermittent during the second quarter because the company entered a preparation period for product specification changes.」
For PIM automotive turbo components, orders actually became intermittent due to customer-side factors after supply resumed, as the company entered a preparation period for product specification changes. - FY2024-Q1MitigatedAnnual report
「Orders for 5 automotive turbo component items had been temporarily halted due to various issues attributable to business partners and inventory adjustments associated with the switch to our products, but supply resumed during the cumulative first quarter of the current consolidated fiscal year.」
Supply of 5 automotive turbo component items, which had been suspended due to issues attributable to business partners and inventory adjustments, resumed during the cumulative first quarter. - FY2023Continued order suspension and expected resumption in June 2023Annual report
「Shipments of mass-produced automotive turbo components resumed in August 2022, but orders were temporarily halted due to various issues attributable to business partners and inventory adjustments associated with the switch to our products. Shipments are expected to resume from June 2023.」
The risk related to PIM customers continued to materialize as order suspensions after the resumption of mass-production shipments, while shipments were expected to resume from June 2023. - FY2023-Q3Order suspensions and expected resumption after the restart of mass-production shipmentsAnnual report
「Shipments of mass-produced automotive turbo components resumed in August, but orders were temporarily halted due to various issues attributable to business partners and inventory adjustments associated with the switch to our products. Shipments are expected to resume from the fourth quarter of the consolidated fiscal year.」
For PIM automotive turbo components, order suspensions due to various customer-side issues and inventory adjustments actually occurred, while the resumption of shipments from the fourth quarter was indicated. - FY2023-Q2MaterialisedAnnual report
「Orders had been temporarily halted due to inventory adjustments associated with the switch to our products and various issues attributable to business partners, but shipments are expected to resume in the latter half of the third quarter of the consolidated fiscal period.」
For PIM automotive turbo components, order suspensions actually occurred due to customer inventory adjustments and issues attributable to business partners. - FY2022RestatedAnnual report
「This business may be affected by changes in customers' business strategies and by their research and development and sales trends. If a customer reduces production due to poor operating performance or other factors, the quantity of orders received by the company may also decline.」
The filing continues to disclose the risk of lower orders resulting from changes in PIM customers' business strategies, research and development and sales trends, and production reductions. - FY2018RestatedAnnual report
「This business may be affected by changes in customers' business strategies and by their research and development and sales trends. If a customer reduces production due to poor operating performance or other factors, the quantity of orders received by the company may also decline.」
The filing continues to disclose the risk of lower orders resulting from changes in PIM customers' business strategies, research and development and sales trends, and production reductions. - FY2017RestatedAnnual report
「This business may be affected by changes in customers' business strategies and by their research and development and sales trends. If a customer reduces production due to poor operating performance or other factors, the quantity of orders received by the company may also decline.」
The filing continues to disclose the risk of lower orders resulting from changes in PIM customers' business strategies, research and development and sales trends, and production reductions. - FY2016First statedAnnual report
「This business may be affected by changes in customers' business strategies and by their research and development and sales trends. If a customer reduces production due to poor operating performance or other factors, the quantity of orders received by the company may also decline.」
In addition to changes in the strategies, research and development and sales trends, and production reductions of PIM customers, the filing lists bad-debt losses arising from credit concerns as a risk.