Business risk from intensifying competition in the Electronics business
First written in FY2017-Q3. 11 of 28 entries say "Worsened", first in FY2019. Latest entry: FY2026.
Fujikura moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2026: 42 of 89 companies on the "Worse" side.
34 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Due to the emergence of downstream supply-chain problems, intensified competition and higher costs caused by the stronger Thai baht, net sales fell 7.3% from the previous fiscal year to ¥172.3 billion, while operating profit fell 66.5% to ¥7.7 billion.」
In the Electronics business, the emergence of downstream supply-chain problems was compounded by intensified competition and the stronger baht, resulting in lower sales and a substantial decline in operating profit. - 2026-05-14WorsenedRevisions to earnings forecasts
「Due to the emergence of downstream supply-chain problems, intensified competition and higher costs caused by the stronger Thai baht, net sales fell 7.3% from the previous fiscal year to ¥172.3 billion, while operating profit fell 66.5% to ¥7.7 billion.」
エレクトロニクス事業では、川下のサプライチェーン問題、競争激化、タイバーツ高によるコスト増が通期の減収減益として確認されている。 - FY2026-H1WorsenedAnnual report
「In addition to the emergence of supply-chain problems downstream, which had been a concern since the beginning of the fiscal year, higher costs due to the stronger baht, delays in improving productivity for new-model products and intensified competition resulted in net sales falling 2.4% year on year to ¥86.2 billion and operating profit falling 55.5% to ¥4.9 billion.」
In the Electronics business division, downstream supply-chain problems materialized, while the stronger baht, delays in improving productivity and intensified competition also contributed to lower sales and profit. - FY2025Profit growth driven by HDD demand and selective order-taking of highly profitable productsAnnual report
「Due to increased demand for HDDs for data centers, an improved product mix through selective order-taking of highly profitable products, and foreign-exchange effects, net sales rose 12.9% from the previous fiscal year to ¥185.9 billion, while operating profit rose 37.7% to ¥22.9 billion.」
In the Electronics business, increased demand for HDDs for data centers and selective order-taking of highly profitable products drove a change from lower profit in the previous fiscal year to higher sales and profit. - FY2025-H1Profit growth driven by HDD demand and selective order-takingAnnual report
「Due to increased demand for HDDs for data centers, an improved product mix through selective order-taking of highly profitable products, and foreign-exchange effects, net sales rose 6.4% year on year to ¥88.3 billion, while operating profit rose 56.3% to ¥11.1 billion.」
In the Electronics business, increased demand for HDDs for data centers and an improved product mix through selective order-taking of highly profitable products resulted in higher sales and profit than in the same period of the previous year. The disclosure does not state that competition and demand risks have been eliminated. - FY2024WorsenedAnnual report
「Due to inventory adjustments following the reversal of stay-at-home demand and the impact of supply-chain problems, among other factors, net sales fell 16.5% from the previous fiscal year to ¥164.7 billion, while operating profit fell 39.7% to ¥16.6 billion.」
In the Electronics business, in addition to the reversal of stay-at-home demand and inventory adjustments, supply-chain problems affected performance, resulting in lower sales and profit for the full fiscal year. - FY2024-Q3WorsenedAnnual report
「Due to the decline in stay-at-home demand through the same quarter of the previous year and lower shipments resulting from supply-chain problems, net sales fell 17.7% year on year to ¥128.6 billion, while operating profit fell 46.2% to ¥13.4 billion.」
In the Electronics business, in addition to the decline in stay-at-home demand, lower shipments caused by supply-chain problems emerged as a new performance factor, resulting in lower sales and profit. - FY2024-Q2WorsenedAnnual report
「Due to the decline in stay-at-home demand through the same quarter of the previous year and customers' restraint on investment, net sales fell 15.9% year on year to ¥83.0 billion, while operating profit fell 52.3% to ¥7.1 billion.」
In the Electronics business, the decline in stay-at-home demand and customers' restraint on investment resulted in lower sales and lower operating profit. - FY2024-Q1WorsenedAnnual report
「Although the impact of advance orders from major customers in the same quarter of the previous year remained, foreign-exchange effects and other factors resulted in net sales rising 1.0% year on year to ¥39.4 billion, roughly unchanged from the same quarter of the previous year. Operating profit, however, fell 47.7% to ¥2.1 billion, owing mainly to deterioration in the product sales mix.」
In the Electronics business division, sales remained roughly unchanged from the same quarter of the previous year, while operating profit fell 47.7% year on year owing mainly to deterioration in the product sales mix, indicating that risks related to profitability and product mix have again affected performance. - FY2023RestatedAnnual report
「Although the order-taking strategy focused on profitability remained a factor depressing sales, improved productivity, an improved product mix and foreign-exchange effects, among other factors, resulted in net sales rising 10.5% from the previous fiscal year to ¥197.3 billion and operating profit rising 100.3% to ¥27.6 billion.」
While the order-taking strategy focused on profitability remained a factor depressing sales, the Electronics business achieved higher sales and profit through improved productivity and product mix, a trend also confirmed for the full fiscal year. - FY2023-Q3Continued profit growth driven by improved productivity and product mixAnnual report
「Although the impact of the Shanghai lockdown and the order-taking strategy focused on profitability weighed on sales, improved productivity, an improved product mix and foreign-exchange effects, among other factors, resulted in net sales rising 14.8% year on year to ¥156.3 billion and operating profit rising 125.5% to ¥24.8 billion.」
In the Electronics business division, factors depressing sales, including the Shanghai lockdown and the order-taking strategy focused on profitability, remained, while improved productivity and an improved product mix, among other factors, supported continued growth in both sales and profit. - FY2023-Q2RestatedAnnual report
「Although the Shanghai lockdown and the continued order-taking strategy focused on profitability had an impact, strong smartphone demand, an improved product mix and foreign-exchange effects, among other factors, resulted in net sales rising 7.6% year on year to ¥98.8 billion and operating profit rising 118.0% to ¥14.9 billion.」
While the Shanghai lockdown and the order-taking strategy focused on profitability continued, strong smartphone demand and an improved product mix resulted in higher sales and profit in the Electronics business division. - FY2023-Q1RestatedAnnual report
「Although net sales fell 9.8% year on year to ¥39.0 billion due to the impact of lockdowns in China and the continued order-taking strategy focused on profitability, operating profit rose 95.0% to ¥4.1 billion, owing mainly to an improved product mix.」
In the Electronics business division, the trend of lower sales due to lockdowns in China and the order-taking strategy focused on profitability, alongside higher profit from an improved product mix, has continued. - FY2022RestatedAnnual report
「As the company pursued an order-taking strategy focused on profitability, net sales fell 10.7% from the previous fiscal year to ¥178.5 billion, while operating profit rose 182.3% to ¥13.8 billion, owing mainly to an improved product mix and the effects of business-structure reform.」
In the Electronics business, the company continued to focus on profitable orders in response to competitive and demand conditions, and achieved higher profit through an improved product mix and the effects of structural reform in exchange for lower sales. This trend was also confirmed for the full fiscal year. - FY2022-Q3Continued lower sales and higher profit from orders focused on profitabilityAnnual report
「As the company pursued an order-taking strategy focused on profitability, net sales fell 11.1% year on year to ¥136.2 billion, while operating profit rose 141.5% to ¥11.0 billion, owing mainly to the effects of business-structure reform and an improved product mix.」
In the Electronics business division, the order-taking strategy focused on profitability resulted in lower sales, while the effects of business-structure reform and an improved product mix drove a substantial increase in operating profit. - FY2022-Q2Profit growth driven by a focus on profitability and business-structure reformAnnual report
「Although stay-at-home demand remained firm, net sales fell 3.8% year on year to ¥91.8 billion as the company pursued an order-taking strategy focused on profitability. Operating profit, however, rose 277.1% to ¥6.8 billion, owing mainly to the effects of business-structure reform and an improved product mix.」
In the Electronics business division, the order-taking strategy focused on profitability resulted in lower sales, while the effects of business-structure reform and an improved product mix drove a substantial increase in operating profit. - FY2022-Q1Quarterly profitabilityAnnual report
「Due to increased demand for smartphones from major customers and improved productivity, net sales rose 10.2% year on year to ¥43.3 billion, while operating profit was ¥2.1 billion, compared with an operating loss of ¥1.3 billion in the same quarter of the previous year.」
Increased smartphone demand and improved productivity drove the Electronics business division from an operating loss in the same period of the previous year to operating profitability. The disclosure does not state that the risk of intensified competition has been eliminated. - FY2021Returned to profit for the full yearAnnual report
「By capturing increased demand for smartphones from major customers and stay-at-home demand for digital equipment arising from the impact of COVID-19, among other factors, net sales rose 12.1% from the previous fiscal year to ¥199.9 billion, while operating profit was ¥4.9 billion, compared with an operating loss of ¥2.0 billion in the previous fiscal year.」
In the Electronics business division, increased smartphone demand and the capture of stay-at-home demand for digital equipment drove a change from an operating loss in the previous fiscal year to full-year operating profitability. - FY2021-Q3Continued profit growth driven by smartphone and stay-at-home demandAnnual report
「By capturing increased demand for smartphones and stay-at-home demand for digital equipment arising from the impact of COVID-19, among other factors, net sales rose 8.6% year on year to ¥153.2 billion, while operating profit increased 447.4% to ¥4.6 billion.」
In the Electronics business division, increased demand for smartphones and the capture of stay-at-home demand for digital equipment lifted net sales and operating profit above the same period of the previous year. Although the disclosure does not state that the risk of intensified competition has been eliminated, performance continued to improve through the previous quarter. - FY2021-Q2Temporary improvement in performance driven by stay-at-home demandAnnual report
「By capturing stay-at-home demand for digital equipment and other demand arising from the impact of COVID-19, net sales rose 5.8% year on year to ¥95.5 billion, while operating profit was ¥1.8 billion, compared with an operating loss of ¥0 billion in the same quarter of the previous year.」
In the Electronics business division, sales increased as the company captured demand for digital equipment, and the business turned from an operating loss in the same period of the previous year to operating profit. The disclosure does not state that the risk of intensified competition has been eliminated. - FY2021-Q1RestatedAnnual report
「However, operating loss was ¥1.3 billion, compared with an operating loss of ¥2.8 billion in the same quarter of the previous year, as intensified competition in smartphone-related FPCs worsened the product mix.」
In smartphone-related FPCs, intensified competition and deterioration in product mix continue to affect performance. The operating loss narrowed from the same period of the previous year, but the business remained in the red. - FY2020WorsenedAnnual report
「Due to intensified competition and changes in product mix in smartphone-related FPCs supplied to major customers, as well as the impact of the increased fixed-cost burden accompanying the decline in sales, net sales fell 5.4% from the previous fiscal year to ¥175.1 billion, while the company posted an operating loss of ¥2.2 billion, compared with operating profit of ¥8.3 billion in the previous fiscal year.」
Competition and demand risks in the Electronics business materialized as a decline from operating profit of ¥8.3 billion to an operating loss of ¥2.2 billion, through intensified competition in FPCs, changes in product mix and the increased fixed-cost burden. - FY2020-Q3WorsenedAnnual report
「Due mainly to a decline in smartphone-related products, particularly FPCs (flexible printed circuit boards), net sales fell 10.0% year on year to ¥138.5 billion. In addition, operating profit fell 95.0% to ¥500 million, owing to fluctuations in demand, changes in product mix and the increased fixed-cost burden accompanying the decline in sales.」
In addition to lower sales of smartphone-related FPCs, fluctuations in demand, changes in product mix and the increased fixed-cost burden caused operating profit to fall 95.0% year on year. - FY2020-Q2RestatedAnnual report
「Due mainly to a decline in smartphone-related products, particularly FPCs (flexible printed circuit boards), net sales fell 10.5% year on year to ¥88.4 billion. In addition, the increased fixed-cost burden accompanying the decline in sales resulted in an operating loss of ¥200 million, compared with operating profit of ¥6.7 billion in the same period of the previous year.」
In the Electronics sub-company, the decline in smartphone-related FPCs and the increased fixed-cost burden have continued to drive deterioration from operating profit to operating loss. - FY2020-Q1WorsenedAnnual report
「Sales to the smartphone market, led by FPCs (flexible printed circuit boards), declined, resulting in net sales of ¥32.5 billion, down 19.8% year on year. In addition, higher fixed-cost absorption due to lower sales resulted in an operating loss of ¥2.8 billion, compared with operating profit of ¥900 million in the same quarter of the previous year.」
At the Electronics sub-company, smartphone-related FPC sales declined, and the increase in fixed-cost absorption due to lower sales caused operating profit to deteriorate into an operating loss. - FY2019WorsenedAnnual report
「At the Electronics Company, demand from major customers deteriorated sharply twice, resulting in year-on-year declines in both profit and profit margin.」
The deterioration in demand from major customers was explicitly described not merely as a temporary competitive impact, but as a sharp deterioration in the business environment occurring twice during the fiscal year. - FY2017MaterialisedAnnual report
「For the Electronics Company, in addition to foreign-exchange effects, the impact of intensifying competition and other factors resulted in net sales of ¥156.7 billion, down 2.7% from the previous fiscal year, and operating profit of ¥7.5 billion, down 38.4%.」
The risk from intensifying competition was confirmed in the full-year results as a business impact comprising a decline in sales and a 38.4% decrease in operating profit, expanding from the description in the previous quarter to the full-year results. - FY2017-Q3First statedAnnual report
「In addition to foreign-exchange effects, the impact of intensifying competition and other factors resulted in net sales of ¥119.1 billion, down 9.1% year on year, and operating profit of ¥5.5 billion, down 53.5%.」
The Electronics Company explicitly identified intensifying competition for the first time as an actual factor behind the decline in sales and operating profit.