Cost-cutting in customer industries and sluggish sales of adopted products
First written in FY2018. 2 of 3 entries say "Materialised", first in FY2020. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023MaterialisedAnnual report
「As the recovery of the U.S. market was slower than initially expected and the U.S. subsidiary was affected, with results falling below expectations, the company revised its full-year consolidated revenue forecast downward to ¥64,600 million.」
The delayed recovery of the U.S. market actually resulted in performance falling below expectations and a downward revision to the consolidated revenue forecast. - FY2020MaterialisedAnnual report
「As economic activity stagnated due to the spread of the novel coronavirus, demand incorporated into the Group's plan above could no longer be expected. As a result, the Group's performance was affected, including by a downward revision to the initial plan on 8 May 2020.」
The company states that it revised its initial plan downward because customer demand could no longer be expected, and that weak demand actually affected the plan and financial results. - FY2018First statedAnnual report
「Compared with the plan, revenue, operating income and ordinary income all fell below target, mainly because sales by the company on a non-consolidated basis and by its Chinese subsidiary were below expectations due to the impact of cost reduction efforts in customer industries and sluggish sales of products adopted by customers.」
Cost reduction efforts in customer industries and sluggish sales of products adopted by customers were actually identified as factors behind the shortfall in the year's revenue, operating income and ordinary income against plan.