Decline in Manufacturing Orders Due to Supply Chain Disruptions and Semiconductor Shortages
First written in FY2022-Q3. 1 of 3 entries say "Softened", first in FY2023. Latest entry: FY2026.
Cresco moved to the "Worse" side of this theme in 2023, 2 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 9 of 28 companies on the "Worse" side.
11 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Revenue in the Manufacturing segment was ¥13.928 billion, down 6.3% year on year. This was largely due to the impact of cancellations and postponements of manufacturers' product development projects in the machinery and electronics sector.」
Following the supply constraints and semiconductor shortages reported in the previous period, product development projects in the manufacturing sector were actually canceled or postponed, resulting in a 6.3% year-on-year decline in revenue. - FY2023SoftenedAnnual report
「In fiscal 2022, the business environment was marked by global shortages of goods originating from the Russia-Ukraine conflict and soaring resource prices. The yen depreciated excessively as overseas policy rates were raised to counter inflation, causing domestic prices to rise sharply.」
The annual report reorganized the description from the semiconductor shortages and decline in automotive orders explicitly noted in the previous quarter to broader shortages of goods and soaring resource prices. - FY2022-Q3First statedAnnual report
「This was due to stagnation and sluggish growth in production activity caused by supply chain disruptions resulting from the COVID-19 pandemic. In particular, orders declined in the automotive and transportation equipment sector because of semiconductor shortages, although the machinery and electronics sector saw an increase in projects for the purpose of upfront investment, and ㈱ＯＥＣ was consolidated from the second quarter of the consolidated fiscal year.」
In the manufacturing sector, the company reported separately for the first time the actual effects of stagnating and sluggish production activity caused by supply chain disruptions and declining orders in the automotive and transportation equipment sector due to semiconductor shortages.