Declining Product Demand and Lower Capital Investment Appetite in Main Customer Industries
First written in FY2016-Q3. 9 of 33 entries say "Mitigated", first in FY2017-Q1. Latest entry: 2026-08-07.
Nix moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 61 of 76 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「Against this backdrop, although product demand declined in the semiconductor assembly industry among our group’s customers, demand increased in the housing equipment, office automation equipment and environmental hygiene industries. In addition, foreign sales, including sales to Southeast Asia, expanded strongly, while foreign exchange gains from the yen’s depreciation provided a tailwind, among other factors, resulting in net sales of ¥2,221,645 thousand for the interim consolidated accounting period, up ¥11,733 thousand year on year.」
It states that demand continued to decline in the semiconductor assembly industry, while demand increased in the housing equipment, office automation equipment and environmental hygiene industries, and overseas sales, including sales to Southeast Asia, also expanded. Demand conditions among customers varied by industry. - FY2024-Q2RestatedAnnual report
「Due in part to the impact of declining demand in the housing equipment, automotive electronics and office automation equipment industries, which are customers of our group, net sales for the six-month cumulative period ended the second quarter were ¥2,209,911 thousand, down ¥168,604 thousand year on year.」
Demand continued to decline among customers in the housing equipment, automotive electronics and office automation equipment industries and was a factor behind the year-on-year decline in net sales. - FY2024-Q1WorsenedAnnual report
「Against this backdrop, due in part to the impact of declining demand in the housing equipment, automotive electronics and office automation equipment industries, which are customers of our group, net sales for the three-month cumulative period ended the first quarter were ¥1,024,281 thousand, down ¥186,171 thousand year on year.」
In addition to the previous decline in demand in the office automation equipment industry, it explicitly states that demand declined among customers including the housing equipment and automotive electronics industries, with net sales down ¥186,171 thousand year on year. - FY2023-Q3WorsenedAnnual report
「Against this backdrop, although demand in the office automation equipment industry, one of our group’s main customer industries, was subdued, due in part to the impact of the record yen depreciation, net sales for the nine-month cumulative period ended the third quarter were ¥3,418,587 thousand, up ¥94,108 thousand year on year.」
Compared with the wording that customer demand had recovered through the previous quarter, demand in the office automation equipment industry is described as “subdued,” indicating weak demand conditions. Meanwhile, net sales exceeded the year-earlier period due to the record yen depreciation. - FY2023-Q2RestatedAnnual report
「Against this backdrop, due in part to recovering demand among our group’s customers and the impact of the yen’s depreciation, net sales for the six-month cumulative period ended the second quarter were ¥2,378,515 thousand, up ¥354,018 thousand year on year.」
Recovering demand among customers continued and, together with the impact of the yen’s depreciation, was a factor behind the year-on-year increase in net sales. - FY2023-Q1RestatedAnnual report
「Against this backdrop, due in part to the impact of recovering demand among our group’s customers, net sales for the three-month cumulative period ended the first quarter were ¥1,210,453 thousand, up ¥265,901 thousand year on year.」
It continues to state that recovering demand among customers was a factor behind the increase in net sales, which rose by ¥265,901 thousand year on year. - FY2022MitigatedAnnual report
「Due in part to the recovery in product demand in the production equipment industry, the main customer industry of our group, and the impact of the yen’s depreciation, consolidated net sales were ¥4,465,205 thousand, up ¥396,526 thousand from the previous fiscal year.」
It states that the recovery in product demand in the production equipment industry, which had declined through the previous fiscal year, was a factor behind the increase in full-year net sales. Meanwhile, demand for industrial plastic fasteners and precision plastic parts declined, indicating differences by product category. - FY2022-Q3RestatedAnnual report
「Against this backdrop, due in part to the continued recovery in investment appetite in the production equipment industry, the main customer industry of our group, and the impact of the yen’s depreciation, net sales for the nine-month cumulative period ended the third quarter were ¥3,324,479 thousand, up ¥326,315 thousand year on year.」
The recovery in investment appetite in the production equipment industry, its main customer industry, continued and was a factor behind the year-on-year increase in net sales. - FY2022-Q2RestatedAnnual report
「Against this backdrop, due in part to the continued recovery in investment appetite in the production equipment industry, the main customer industry of our group, and the impact of the yen’s depreciation, net sales for the six-month cumulative period ended the second quarter were ¥2,024,497 thousand, up ¥53,660 thousand year on year.」
The recovery in investment appetite in the production equipment industry continued and, together with the yen’s depreciation, was a factor behind the year-on-year increase in net sales. - FY2022-Q1MitigatedAnnual report
「Against this backdrop, due in part to the recovery in investment appetite in the production equipment industry, the main customer industry of our group, and the impact of the yen’s depreciation, net sales for the three-month cumulative period ended the first quarter were ¥944,551 thousand, up ¥5,339 thousand year on year.」
The recovery in investment appetite in the previously weakened production equipment industry is cited as a factor behind the increase in net sales. - FY2021MitigatedAnnual report
「Against this backdrop, due in part to the impact of recovering product demand in the office automation equipment industry, one of our group’s main customer industries, consolidated net sales were ¥4,068,678 thousand, up ¥487,854 thousand from the previous fiscal year, operating income was ¥188,204 thousand, up ¥188,201 thousand, ordinary income was ¥228,431 thousand, up ¥170,296 thousand, and net income attributable to owners of the parent was ¥197,436 thousand, up ¥223,876 thousand. As customers increased their appetite for capital investment, sales were ¥1,061,343 thousand, up ¥92,005 thousand from the previous fiscal year.」
Product demand in the office automation equipment industry recovered, and customers’ appetite for capital investment in production equipment jigs also increased. Demand recovery for the full fiscal year has been confirmed, following the previous fiscal year when weaker demand among the main customer industries weighed on performance. - FY2021-Q3MitigatedAnnual report
「Against this backdrop, due in part to the impact of recovering product demand in the office automation equipment industry, one of our group’s main customer industries, net sales for the nine-month cumulative period ended the third quarter were ¥2,998,164 thousand, up ¥165,529 thousand year on year.」
Regarding demand among the main customer industries, which had declined through the previous quarter, it states that product demand in the office automation equipment industry recovered, and that net sales also exceeded the year-earlier period. - FY2021-Q2RestatedAnnual report
「Against this backdrop, due in part to the impact of declining product demand in the production equipment industry, the main customer industry of our group, net sales for the six-month cumulative period ended the second quarter were ¥1,970,836 thousand, down ¥66,545 thousand year on year.」
The decline in product demand in the production equipment industry continued and was a factor behind the year-on-year decline in net sales. - FY2021-Q1WorsenedAnnual report
「Due in part to the impact of declining product demand in the production equipment industry, the main customer industry of our group, net sales for the three-month cumulative period ended the first quarter were ¥939,212 thousand, down ¥139,637 thousand year on year.」
The decline in product demand in the production equipment industry continued into the first quarter of the new fiscal year, and the year-on-year decrease in net sales was ¥139,637 thousand. The decrease widened from ¥64,907 thousand in the year-earlier period. - FY2020WorsenedAnnual report
「Sales of the company’s main products, industrial plastic fasteners and precision plastic parts, declined mainly because product demand fell as a result of weak sales and production cutbacks in the office automation equipment industry. Sales of production equipment jigs also declined, mainly because of reduced automobile production and sales and lower capital investment appetite resulting from the economic slowdown.」
In addition to the office automation equipment industry, reduced automobile production and sales and lower capital investment appetite are explicitly cited, with declining demand among multiple main customer industries reflected in full-year results. - FY2020-Q3WorsenedAnnual report
「Against this backdrop, due in part to the impact of declining product demand in the office automation equipment industry, one of our group’s main customer industries, and declining demand for electronic circuit boards in the automotive electronics field of the production equipment industry, net sales for the nine-month cumulative period ended the third quarter were ¥2,832,634 thousand, down ¥424,872 thousand year on year.」
It explicitly states that demand declined for electronic circuit boards in the automotive electronics field of the production equipment industry, in addition to the office automation equipment industry, and that weaker demand from the main customer industries was a factor behind the year-on-year decline in net sales. - FY2020-Q2RestatedAnnual report
「Against this backdrop, due in part to the impact of declining product demand in the production equipment industry, the main customer industry of our group, net sales for the six-month cumulative period ended the second quarter were ¥2,037,382 thousand, down ¥192,206 thousand year on year.」
The decline in product demand in the production equipment industry, its main customer industry, continued and is cited as a factor behind the year-on-year decline in net sales. - FY2020-Q1MaterialisedAnnual report
「Against this backdrop, due in part to the impact of declining product demand in the production equipment industry, the main customer industry of our group, net sales for the three-month cumulative period ended the first quarter were ¥1,078,850 thousand, down ¥64,907 thousand year on year.」
The decline in product demand in the production equipment industry actually occurred and is cited as a factor behind the year-on-year decline in net sales. - FY2019-Q3MaterialisedAnnual report
「Against this backdrop, although product demand from the semiconductor manufacturing equipment and office automation equipment industries, which are customers of our group, declined, the production equipment industry remained firm, among other factors, and net sales for the nine-month cumulative period ended the third quarter were ¥3,257,507 thousand, up ¥1,964 thousand year on year.」
It states that demand for products for the semiconductor manufacturing equipment and office automation equipment industries actually declined. Meanwhile, the production equipment industry remained firm, and net sales exceeded the year-earlier period. - FY2019-Q2RestatedAnnual report
「Against this backdrop, because the production equipment industry, the main customer industry of our group, remained steady, net sales for the six-month cumulative period ended the second quarter were ¥2,229,588 thousand, up ¥66,551 thousand year on year.」
It states that the production equipment industry, its main customer industry, remains steady, and that net sales also exceeded the year-earlier period. - FY2019-Q1RestatedAnnual report
「Under these conditions, the production equipment industry, a major customer industry for the group, performed well, resulting in net sales of ¥1,144 million for the first quarter of the fiscal year under review, up ¥11 million from the same period of the previous year.」
It states that the production equipment industry, its main customer industry, remains steady, reconfirming the strong demand conditions that have continued from the previous fiscal year. - FY2018ReframedAnnual report
「Product demand remained strong in the production equipment industry, a major customer industry for the group, and net sales exceeded the previous year's level, partly due to the impact of yen depreciation.」
Rather than a decline in demand across all major customer industries, the production equipment industry remained strong, while the company states that “new projects at individual customers have struggled to grow” in the mold business, indicating differences in demand by product category. - FY2018-Q3MaterialisedAnnual report
「Although the production equipment industry, a major customer industry for the group, remained strong, product demand in the office equipment industry declined, resulting in net sales of ¥3,256 million for the first nine months of the fiscal year under review, down ¥39 million year on year.」
While the production equipment industry remained strong, an actual decline in product demand occurred in the office equipment industry and is cited as a factor behind the year-on-year decrease in net sales. - FY2018-Q2MaterialisedAnnual report
「While the production equipment industry, a major customer industry, performed well, product demand in the office equipment industry declined. In addition, the yen was stronger than in the same period of the previous year, resulting in net sales of ¥2,163 million for the first half of the fiscal year under review, down ¥41 million year on year.」
While the production equipment industry performed well, an actual decline in product demand occurred in the office equipment industry and is cited as a factor behind the year-on-year decrease in net sales. - FY2018-Q1MitigatedAnnual report
「Under these conditions, the production equipment industry, a major customer industry for the group, performed well, resulting in net sales of ¥1,133 million for the first quarter of the fiscal year under review, up ¥9 million from the same period of the previous year.」
The production equipment industry, a major customer industry, performed well, and net sales exceeded the same period of the previous year. - FY2017MitigatedAnnual report
「Product demand remained strong in the production equipment industry, a major customer industry for the group, and both net sales and profit exceeded the previous year's levels, partly due to the impact of yen depreciation.」
Unlike the previous year's description of declining demand among major customers, product demand in the production equipment industry is described as having remained strong. - FY2017-Q3MitigatedAnnual report
「In the production equipment industry, a major customer industry for the group, demand for electronic circuit boards in the automotive electronics sector remained strong, and products related to circuit-board mounting performed well.」
Demand for electronic circuit boards in the automotive electronics sector remained strong in the production equipment industry, a major customer industry, and products related to circuit-board mounting performed well. - FY2017-Q2MitigatedAnnual report
「In the production equipment industry, a major customer industry for the group, demand for electronic circuit boards in the automotive electronics sector increased, supporting solid performance by products related to circuit-board mounting. In addition, the yen remained weaker than expected, resulting in net sales of ¥2,204 million for the first half of the fiscal year under review, up ¥164 million from the same period of the previous year.」
Unlike the previous year's description of declining demand among major customers, demand for electronic circuit boards in the automotive electronics sector increased in the production equipment industry, and related products are described as having performed well. - FY2017-Q1MitigatedAnnual report
「The production equipment and office equipment industries, which are major customer industries for the group, remained firm, while insect-control-related products and other products in growth areas also performed well. As a result, net sales for the first quarter of the fiscal year under review were ¥1,124 million, up ¥89 million from the same period of the previous year.」
Unlike the previous year's description of declining demand among major customers and lower capital investment appetite, the production equipment and office equipment industries and other sectors are described as having remained firm. - FY2016MaterialisedAnnual report
「Due to declining product demand in the office equipment and housing equipment industries, the company's major customer industries, a gradual decline in capital investment appetite in the production equipment industry, the impact of yen appreciation and other factors, both net sales and profit were below the previous year's levels.」
Lower demand among major customers and reduced capital investment appetite are reflected in actual results as factors behind the year-on-year declines in net sales and profit. - FY2016-Q3First statedAnnual report
「Due to declining product demand in the office equipment and housing equipment industries, the company's major customer industries, a gradual decline in capital investment appetite in the production equipment industry, the impact of yen appreciation and other factors, net sales for the first nine months of the fiscal year under review were ¥2,930 million, down ¥478 million from the same period of the previous year.」
Declining demand and lower capital investment appetite are cited as factors behind the decrease in net sales.