Decline in Carrier-Related Sales Due to Customer Inventory Adjustments
First written in FY2019-Q1. 5 of 18 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「Demand for our core product, electrophotographic carrier, remained firm at end-user levels after the distribution inventory adjustment through the previous fiscal year ended.」
The description states that the constraints on demand caused by customers’ distribution inventory adjustments have ended, bringing this issue to a close. - FY2025-H1Customer inventory adjustments have largely run their courseAnnual report
「Demand for our core product, electrophotographic carrier, has remained at end-user levels following the completion of distribution inventory adjustments.」
The description states that the constraints on demand caused by customers’ distribution inventory adjustments have largely run their course, and that carrier demand is tracking at levels corresponding to underlying demand. - FY2024-Q3RestatedAnnual report
「Demand for our core product, electrophotographic carrier, remained weak as the impact of distribution inventory adjustments persisted, despite the recovery in economic activity and office occupancy rates.」
Even after economic activity and office operating rates recovered, the impact of distribution inventory adjustments remains, constraining the recovery in carrier demand. - FY2024-Q2RestatedAnnual report
「Demand for our core product, electrophotographic carrier, recovered as economic activity and office occupancy rates improved, although the impact of customers’ distribution inventory adjustments at the end of the previous fiscal year remained.」
Even after economic activity and office operating rates recovered, some customer distribution inventory adjustments remain and are affecting carrier demand. - FY2024-Q1The impact of distribution inventory adjustments remainsAnnual report
「Demand for our core product, electrophotographic carrier, recovered as economic activity and office occupancy rates improved, although the impact of customers’ distribution inventory adjustments at the end of the previous fiscal year partly remained.」
Even after economic activity and office operating rates recovered, some customer distribution inventory adjustments remained and affected carrier demand. - FY2023From demand recovery to remaining at the previous period’s level, with shortages still having an impactAnnual report
「Demand for the company's main product, electrophotographic carriers, was roughly unchanged from the previous period, despite the recovery in economic activity and office operating rates, partly due to shortages of semiconductors and other items and disruptions to logistics.」
The previous trend of increasing demand as economic activity and office operating rates recovered gave way to demand remaining at the previous period’s level due to semiconductor shortages and logistics disruptions. - FY2023-Q3Demand recovery accompanied by increased distribution inventoryAnnual report
「Under these circumstances, economic activity picked up. Although the impact of component shortages remained, production of multifunction printers and commercial printing equipment remained firm, while the recovery in operations at offices and other locations and the buildup of distribution inventory also contributed to year-on-year growth in demand for our core product, carrier.」
The recovery in carrier demand is now attributed not only to the recovery in economic activity and office operations, but also to the buildup of distribution inventory. Meanwhile, the impact of component shortages remains. - FY2022-Q3RestatedAnnual report
「Against a backdrop of recovering economic activity and the resumption of office activity, the operation of multifunction printers and commercial printing presses and other equipment continued to recover, and demand for the company's main product, carriers, increased year on year.」
The situation has changed from demand not recovering due to factors including customer inventory adjustments to continued year-on-year growth in carrier demand, driven by the resumption of economic and office activity. - FY2022-Q2From customer inventory adjustments to increased demand driven by the economic recoveryAnnual report
「Against a backdrop of recovering economic activity and the resumption of office activity, the operation of multifunction printers and commercial printing presses and other equipment continued to recover, and demand for the company's main product, carriers, increased year on year.」
The description has changed from demand not recovering due to customer inventory adjustments to demand continuing to increase, driven by the resumption of economic and office activity. - FY2022-Q1From Customer Inventory Adjustments to Demand RecoveryAnnual report
「Against a backdrop of recovering economic activity and the resumption of office activity, the operation of multifunction printers and commercial printing presses and other equipment continued to recover, and demand for the company's main product, carriers, turned to year-on-year growth.」
The description changed from demand not recovering due to customers’ inventory adjustments to year-on-year growth in carrier demand, driven by the resumption of economic and office activity. - FY2021RestatedAnnual report
「New products for new markets other than carrier products were affected by customer inventory adjustments and other factors.」
The company also states that new products for new markets were affected by customer inventory adjustments, indicating that the inventory adjustment factor continued through the full fiscal year. - FY2021-Q3Recovery Trend, but a Significant Year-on-Year DeclineAnnual report
「In this segment, demand for electrophotographic carriers was on a recovery trend toward the third quarter, but the recovery remained gradual, resulting in net sales of ¥4,395 million, down 32.6% year on year.」
Demand shifted from a lack of recovery due to customer inventory adjustments and other factors to a recovery trend toward the third quarter, but the recovery was gradual and the functional materials business reported a 32.6% year-on-year decline in sales. - FY2021-Q2Inventory Adjustments Continue; Demand Has Not RecoveredAnnual report
「In preparing the financial statements, the company estimated and forecast based in part on the assumption that the impact of a certain decline in sales due to the spread of COVID-19 would continue through the first quarter of the fiscal year, but gradually recover from the second quarter onward. However, operations of office multifunction printers and commercial printing presses remained sluggish in the second quarter, and carrier demand did not recover due to inventory adjustments and other factors.」
Contrary to the previously stated assumption that demand would recover from the second quarter onward, the company states that carrier demand did not recover in the second quarter due to inventory adjustments and other factors. - FY2020-Q2Resolution of Customer Inventory Adjustment Impact and Ramp-Up of New ProductsAnnual report
「In this segment, in addition to the effects of the end of customer inventory adjustments in the same period of the previous year, the launch of new products for new markets resulted in revenue of ¥4,352 million, up 4.5% year on year.」
The factors causing the sales decline from customer inventory adjustments through the previous fiscal year disappeared, and the ramp-up of new products for new markets also contributed, causing the carrier business to return to year-on-year sales growth. - FY2020-Q1From Customer Inventory Adjustments to Solid DemandAnnual report
「In this segment, solid demand resulted in net sales of ¥2,242 million, up 2.0% year on year.」
The company shifted from the sales decline caused by customer inventory adjustments reported through the previous fiscal year to higher sales driven by solid demand in the current quarter. - FY2019-Q3From Customer Inventory Adjustments to Higher Sales in the Third QuarterAnnual report
「In this segment, customer inventory adjustments and other factors affected sales through the second quarter, but sales increased in the third quarter, resulting in net sales of ¥6,444 million, up 0.7% year on year.」
The decline in sales caused by customer inventory adjustments through the second quarter turned into higher sales in the third quarter, with carrier business sales increasing 0.7% year on year. - FY2019-Q2RestatedAnnual report
「In this segment, customer inventory adjustments and other factors resulted in net sales of ¥4,166 million, down 1.4% year on year.」
In the carrier business, the decline in sales due to customer inventory adjustments and other factors continued through the six months ended the second quarter. - FY2019-Q1First statedAnnual report
「In this segment, customer inventory adjustments and other factors resulted in net sales of ¥2,199 million, down 1.0% year on year.」
The company states that sales in the carrier business decreased 1.0% year on year due to customer inventory adjustments and other factors.