Dependence on the carrier business and sluggish demand growth due to longer product lifespans
First written in FY2016. 22 of 28 entries say "Restated". Latest entry: 2026-08-07.
No other company in this theme has enough history to compare yet.
- 2026-08-07WorsenedFinancial results briefing materials
「Sales volumes and revenue of electrophotographic carrier were both substantially lower, as demand at major customers remained weak and the impact of the earlier timing of product deliveries to certain customers in the previous fiscal year was also felt.」
Demand-related risks associated with reliance on the carrier business are specifically demonstrated by weak demand at major customers and the reversal of the impact of earlier delivery timing in the previous year. - FY2026WorsenedAnnual report
「In the carrier business, printing opportunities are declining as teleworking becomes more widespread and paperless operations advance, and demand may gradually decline. Industry consolidation among office equipment manufacturers is also under way. The new functional materials business mainly produces functional materials used in passive components related to the semiconductor industry, so demand fluctuates significantly depending on conditions in the semiconductor industry.」
In addition to long-term factors contributing to the decline in carrier demand, the disclosure explicitly identifies industry consolidation among office equipment manufacturers and demand fluctuations in the new functional materials business due to conditions in the semiconductor industry. - FY2024WorsenedAnnual report
「However, ordinary profit for fiscal 2023 was approximately ¥480 million, less than half the target of ¥1.13 billion, indicating that changes in the business environment have been more severe than expected. Even after the economy recovers from the COVID-19 pandemic, we believe it will be difficult for demand for our core electronic-photographic carriers to recover to pre-pandemic levels.」
The disclosure explicitly states that carrier demand is unlikely to recover to pre-pandemic levels even after the economic recovery, indicating an increased risk of sluggish demand growth. - FY2024-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life, teleworking, and paperless operations. - FY2024-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life, teleworking, and paperless operations. - FY2023RestatedAnnual report
「In the functional materials business, demand for carriers may gradually decline as teleworking becomes more widespread and paperless operations advance.」
The potential for carrier demand to gradually decline as teleworking becomes more widespread and paperless operations advance continues to be disclosed. - FY2023-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life, teleworking, and paperless operations. - FY2023-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life, teleworking, and paperless operations. - FY2022-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life, teleworking, and paperless operations. - FY2021WorsenedAnnual report
「In the functional materials business, demand for carriers may gradually decline as teleworking becomes more widespread and paperless operations advance due to the spread of COVID-19.」
In addition to concentration in the carrier business and longer product life, the disclosure identifies the potential for demand to gradually decline as teleworking becomes more widespread and paperless operations advance. - FY2021-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2021-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2021-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2020-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative period through the second quarter. In addition, there were no material changes to the content of the “Business and Other Risks” section in the annual securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative period through the first quarter. In addition, there were no material changes to the content of the “Business and Other Risks” section in the annual securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2019-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative period through the second quarter. In addition, there were no material changes to the content of the “Business and Other Risks” section in the annual securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2019-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2018RestatedAnnual report
「Revenue from the Group’s core carrier products accounts for approximately 80% of consolidated net sales. Copiers and printers using carriers in two-component systems are primarily used by businesses, and demand is expected to remain firm. However, as carrier quality improves and product life is extended, the number of copiers and printers may increase without a proportional increase in demand for carriers.」
The Group continues to disclose the fact that carrier products account for approximately 80% of consolidated net sales and the risk that demand will not grow in proportion to the longer product life. - FY2018-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. There were also no material changes in the content of the “Business and Other Risks” section included in the securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. No newly arising risks are disclosed. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative period through the second quarter. In addition, there were no material changes to the content of the “Business and Other Risks” section in the annual securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative period through the first quarter. In addition, there were no material changes to the content of the “Business and Other Risks” section in the annual securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2017WorsenedAnnual report
「Revenue from the Group’s core carrier products accounts for approximately 80% of consolidated net sales. Copiers and printers using carriers in two-component systems are primarily used by businesses, and demand is expected to remain firm. However, as carrier quality improves and product life is extended, the number of copiers and printers may increase without a proportional increase in demand for carriers.」
The disclosure states that the proportion of consolidated net sales generated by carrier products rose from approximately 70% to approximately 80%, increasing business concentration. The risk that demand will not grow in proportion to the longer product life also continues to be disclosed. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative period through the third quarter. In addition, there were no material changes to the content of the “Business and Other Risks” section in the annual securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative period through the second quarter. In addition, there were no material changes to the content of the “Business and Other Risks” section in the annual securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative period through the first quarter. In addition, there were no material changes to the content of the “Business and Other Risks” section in the annual securities report for the previous fiscal year.」
No material changes are reported in relation to the risks of dependence on the carrier business and sluggish demand growth due to longer product life. - FY2016First statedAnnual report
「Revenue from the Group’s core carrier products accounts for approximately 70% of consolidated net sales. As carrier quality improves and product life is extended, the number of copiers and printers may increase without a proportional increase in demand for carriers.」
The Group identifies as a risk the fact that carrier products account for approximately 70% of consolidated net sales and that improvements in product quality and longer product life may prevent demand from increasing in proportion to the number of units.