Decline in clutch facing sales due to in-house production by major customers
First written in FY2017-Q1. 3 of 5 entries say "Restated". Latest entry: FY2018.
0 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「The discussion of business and other risks and operating results for the fiscal year contains no mention of major customers bringing clutch-facing production in-house.」
This filing no longer explicitly mentions the decline in clutch-facing sales resulting from major customers bringing production in-house, which had been described through the previous fiscal year. - FY2017RestatedAnnual report
「Revenue from total materials sales was ¥9,452 million, down 0.9% from the previous fiscal year, due to lower clutch-facing sales as major customers brought production in-house.」
The decline in clutch-facing sales resulting from major customers bringing production in-house continued to weigh on materials sales in the current fiscal year. - FY2017-Q3RestatedAnnual report
「Revenue from total materials sales was ¥6,944 million, down 4.4% year on year, due to lower clutch-facing sales as major customers brought production in-house.」
The decline in clutch-facing sales resulting from major customers bringing production in-house continues to weigh on total materials sales. - FY2017-Q2RestatedAnnual report
「Revenue from total materials sales was ¥4,500 million, down 8.9% year on year, due to lower clutch-facing sales as major customers brought production in-house.」
The decline in clutch-facing sales resulting from major customers bringing production in-house continues to weigh on total materials sales. - FY2017-Q1First statedAnnual report
「Revenue from total materials sales was ¥2,368 million, down 8.9% year on year, due in part to lower clutch-facing sales as a major customer brought production in-house.」
The company explains that in-house production by a major customer actually emerged as a decline in clutch-facing sales and affected the overall materials sales figures.