Decline in demand for belts for office automation equipment due to customers’ shift to local overseas sourcing
First written in FY2017-Q3. 7 of 21 entries say "Materialised", first in FY2018-Q2. Latest entry: FY2024-Q1.
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- FY2024-Q1MaterialisedAnnual report
「Sales of OA equipment belts declined due to customers' production cuts.」
For belts for office automation equipment, for which recovery and increases had been reported through the previous fiscal year, lower revenue due to customer production cuts was reflected in actual results. - FY2023RestatedAnnual report
「Revenue from belts for office automation equipment also increased due to the resolution of the semiconductor shortage.」
The increase in belts for office automation equipment due to the resolution of the semiconductor shortage and the recovery in customer production was also confirmed in the full-year results. - FY2023-Q3Continued recovery in demand for belts for office automation equipmentAnnual report
「The resolution of semiconductor shortages enabled customers' production to recover, increasing sales of OA equipment belts.」
Revenue from belts for office automation equipment continues to increase due to the resolution of the semiconductor shortage and the recovery in customer production. - FY2023-Q1RestatedAnnual report
「Sales of OA equipment belts also increased, mainly in Southeast Asia.」
As in the previous fiscal year, the Company reports higher revenue from belts for office automation equipment, mainly in Southeast Asia. - FY2022Changed to flat for the full yearAnnual report
「Although users' production of OA equipment recovered, sales of OA equipment belts for the full year remained at the level of the previous consolidated fiscal year because of the impact of semiconductor shortages in the latter half of the period.」
From the recovery and increases seen since the first quarter, revenue ended up in line with the previous fiscal year for the full year due to the impact of the semiconductor shortage. - FY2022-Q3RestatedAnnual report
「Sales of OA equipment belts also increased as users' production recovered.」
As in the previous quarter, the Company reports higher revenue from belts for office automation equipment due to the recovery in users’ production. - FY2022-Q2RestatedAnnual report
「Sales of OA equipment belts also increased as users' production recovered.」
As in the previous quarter, the Company reports higher revenue from belts for office automation equipment due to the recovery in users’ production. - FY2022-Q1Recovery in revenue from belts for office automation equipmentAnnual report
「Sales of OA equipment belts also increased.」
For belts for office automation equipment, for which lower or flat revenue had previously been reported in China, Asia, and elsewhere, revenue changed to an increase this quarter. - FY2021-Q3MaterialisedAnnual report
「Meanwhile, sales of OA equipment belts declined in Asia.」
For belts for office automation equipment, lower revenue in Asia continues to be reflected in actual results. - FY2021-Q2MaterialisedAnnual report
「Meanwhile, sales of OA equipment belts declined in Asia.」
For belts for office automation equipment, lower revenue in Asia continues to be reflected in actual results. - FY2021-Q1ReframedAnnual report
「Demand for general industrial belts increased in China as economic activity resumed, but sales declined in other regions, and OA equipment belts also declined.」
Demand for belts for office automation equipment continues to decline, while the explanation has shifted from the previous references to local overseas sourcing and fewer models for the Chinese market to region-specific stagnation in economic activity and lower revenue associated with the spread of COVID-19. - FY2020-Q3Changed from lower revenue to flat revenueAnnual report
「Sales of OA equipment belts remained flat.」
While lower revenue in China, Thailand, and elsewhere had been reported through the previous quarter, revenue from belts for office automation equipment in the overseas belt business was flat in the third quarter. - FY2020-Q2MaterialisedAnnual report
「Sales of OA equipment belts declined in China and Thailand.」
For belts for office automation equipment, lower revenue has been reflected in actual results in Thailand as well as China. This filing does not provide details on the reasons for the decline. - FY2020-Q1MaterialisedAnnual report
「Sales of OA equipment belts in the Chinese market declined.」
The decline in revenue from belts for office automation equipment in the Chinese market has continued to be reflected in actual results this quarter. - FY2019-Q2ReframedAnnual report
「Meanwhile, sales of OA equipment belts declined due in part to a decrease in models for the Chinese market offered by users.」
Whereas the previous quarter cited lower domestic production and export demand, this quarter cites fewer models for the Chinese market as the factor behind the decline in demand. - FY2019-Q1ReframedAnnual report
「Revenue from belts for office automation equipment declined due to lower domestic production and weaker demand for exports.」
The factors behind the decline in demand for belts for office automation equipment are described as lower domestic production and weaker export demand, rather than the previous factors of local overseas sourcing and fewer models for the Chinese market. Meanwhile, revenue in the overseas belt business increased as customer production adjustments came to an end. - FY2018RestatedAnnual report
「Meanwhile, sales of OA equipment belts declined due in part to a decrease in models for the Chinese market offered by users.」
The decline in revenue from belts for office automation equipment due to fewer models for the Chinese market continues to be reported in the full-year results. - FY2018-Q3MaterialisedAnnual report
「Meanwhile, sales of OA equipment belts declined due in part to a decrease in models for the Chinese market offered by users.」
The decline in revenue from belts for office automation equipment due to fewer models for the Chinese market continues to be reflected in actual results. - FY2018-Q2MaterialisedAnnual report
「Meanwhile, sales of OA equipment belts declined due in part to a decrease in models for the Chinese market offered by users.」
The decline in domestic revenue from belts for office automation equipment due to fewer models for the Chinese market has actually occurred. - FY2018-Q1ReframedAnnual report
「Revenue from belts for office automation equipment was flat as some users increased domestic sourcing while the transfer of users’ production overseas progressed. In Asia, revenue from belts for office automation equipment declined due to weaker demand from Japanese-affiliated users, while revenue from general industrial belts increased as the decline in the Chinese market was offset by the replacement market in Southeast Asia.」
For belts for office automation equipment, the impact of changes in demand due to the transfer of production overseas and weaker demand from Japanese-affiliated users in Asia was reflected in lower revenue. In Japan, revenue was flat as some users increased domestic sourcing, showing how the impact differed by region. - FY2017-Q3First statedAnnual report
「Revenue from belts for office automation equipment declined due to users shifting to local overseas sourcing.」
Users’ shift to local overseas sourcing has actually resulted in lower revenue from belts for office automation equipment.