Higher Orders Due to Increased Distribution Inventories in Japan and Overseas
First written in FY2021-Q2. 1 of 3 entries say "Restated". Latest entry: FY2023-Q2.
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- FY2023-Q2RestatedAnnual report
「Sales volume of rubber chemicals fell below the same period of the previous year due to inventory adjustments by domestic and overseas customers, mainly in the automotive sector, and the downturn in the Chinese market. However, revenue exceeded the same period of the previous year, partly due to the effects of price revisions.」
The situation has continued to shift from the previous phase of increasing distribution inventories to one in which inventory adjustments by domestic and overseas customers are causing sales volumes to decline. - FY2023-Q1From increased inventories to excess inventories and adjustmentsAnnual report
「In the rubber chemicals business, domestic products for industrial applications were affected by production adjustments at customers due to excess inventories of related products, although the global semiconductor shortage affecting the automotive-related industries eased.」
The previous situation of increased orders driven by higher distribution inventories shifted to one in which excess inventories of related products and customers' production adjustments were cited as factors behind declining sales. - FY2021-Q2First statedAnnual report
「In Japan and overseas, customers tended to hold more distribution inventory than before, resulting in solid orders and sales above the previous year's level.」
The trend toward higher distribution inventories in Japan and overseas led to solid orders and sales above the previous year's level.