Cyclicality of the Electronic Components Market and Risk of Excess Inventory
First written in FY2017. 3 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 13 of 39 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If inventories held by the Group become excessive due to market trends, changes in electronic components manufacturers' demand forecasts or other factors, the amount of inventory subject to assessment as slow-moving may increase, potentially affecting the valuation of inventories.」
It continues to identify excess and slow-moving inventories resulting from market trends and changes in demand forecasts, and their impact on inventory valuation, as risks. - FY2025Decrease in inventory write-downsAnnual report
「The write-down of inventories held for ordinary sales purposes due to lower profitability was ¥33 million in cost of sales.」
While continuing to describe the risk of excess and slow-moving inventories, it states that the write-down of inventories due to lower profitability decreased from ¥211 million in the previous fiscal year to ¥33 million. - FY2024WorsenedAnnual report
「Accordingly, if inventories held by the Group become excessive due to market trends, changes in electronic components manufacturers' demand forecasts or other factors, the amount of inventory subject to assessment as slow-moving may increase, potentially affecting the valuation of inventories. The write-down of inventories held for ordinary sales purposes due to lower profitability was ¥211 million in cost of sales.」
It continues to describe the risk of slow-moving inventories resulting from market trends and changes in demand forecasts, while the write-down of inventories due to lower profitability increased from ¥23 million in the previous fiscal year to ¥211 million. - FY2022RestatedAnnual report
「If inventories held by the Group become excessive due to market trends, changes in electronic components manufacturers' demand forecasts or other factors, the amount of inventory subject to assessment as slow-moving may increase, potentially affecting the valuation of inventories.」
It continues to describe the impact of excess and slow-moving inventories resulting from market trends and changes in demand forecasts on inventory valuation. - FY2022-Q1MitigatedAnnual report
「During the quarter, the three-year restructuring plan was also completed, and the loss-making assets associated with the shift to higher-margin products were eliminated, while」
It states that the loss-making assets associated with the shift to higher-margin products had been eliminated, indicating progress in addressing cyclicality and excess inventory risks through inventory and asset rationalisation. - FY2021MitigatedAnnual report
「We worked to strengthen our business foundation and improve profitability, including by focusing on inventory reduction through yield improvements and shorter lead times.」
It explains that yield improvements, shorter lead times, and inventory reduction were implemented in response to the risk of excess inventories. - FY2021-Q2MaterialisedAnnual report
「As a result, we disposed of ¥183 million of inventory inherited from the business acquired in December 2018, along with some equipment.」
It states that, following a rigorous assessment, ¥183 million of inventory inherited from the acquired business was actually disposed of. - FY2020MitigatedAnnual report
「During a once-in-a-century period of transformation, we undertook initiatives including a review of the business, improvements in production efficiency and yield, and, in particular, inventory reduction, which produced significant results.」
It explains that, in response to the risk of excess inventories in the electronic components market, a business review, improvements in production efficiency and yield, and particularly inventory reduction produced significant results. - FY2020-Q2MaterialisedAnnual report
「For general-purpose products, the slowdown in consumption and weakness in the semiconductor market led to prolonged inventory adjustments and continued restraint in capital investment, but」
It states that prolonged inventory adjustments actually occurred against the backdrop of weakness in the semiconductor market. - FY2019RestatedAnnual report
「If set manufacturers overestimate demand, excess inventory may build up in the electronic components market, creating a risk that electronic components become oversupplied.」
It reiterates the risk of market cyclicality and excess inventories resulting from overestimated demand forecasts in the electronic components market. - FY2017First statedAnnual report
「If set manufacturers overestimate demand, excess inventory may build up in the electronic components market, creating a risk that electronic components become oversupplied.」
It states that, following temporarily strong orders, demand may be overestimated and inventory oversupply may arise, potentially affecting performance.