Impact of increased channel inventories on sales
First written in FY2017-Q1. 8 of 16 entries say "Restated". Latest entry: FY2024.
Lobtex moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Write-down of the carrying amount due to lower profitability of inventories held for ordinary sale purposes: Cost of sales ¥27.414 million」
The write-down of the carrying amount of inventories decreased from ¥31.936 million in the previous fiscal year to ¥27.414 million. - FY2020WorsenedAnnual report
「Although new products were launched and sales expansion measures implemented in the metal products business, these measures were insufficient to offset declines in sales of OEM products and other items, as well as the impact of increased channel inventories, and sales fell below plan.」
Although new products were launched and sales expansion measures implemented, the impact of increased channel inventories and other factors remained as a cause of the full-year shortfall against plan. - FY2020-Q3RestatedAnnual report
「Overseas sales also declined from the same period of the previous year. In the Hand Tools segment, wrenches and electrical installation tools declined substantially due to economic conditions in South Korea, the company’s main market, and the impact of higher distribution inventories. In the Fastening segment, fastening tools such as air riveters declined due to the impact of higher distribution inventories in the United States, but sales increased as efforts to expand sales to South Korea and Oceania proved effective.」
Increased channel inventories in South Korea and the US continued to appear as lower sales across multiple product categories. - FY2020-Q2RestatedAnnual report
「In the hand tools division, wrenches and pliers declined significantly due to economic conditions in South Korea, a key sales market, and the impact of increased channel inventories. In the fastening division, fastening tools such as air riveters also declined due to the impact of increased channel inventories in the US.」
Increased channel inventories in South Korea and the US continued to appear as lower sales across multiple product categories. - FY2020-Q1WorsenedAnnual report
「In the hand tools division, wrenches, pliers, and electrical installation tools declined significantly due to economic conditions in South Korea, a key sales market, and the impact of increased channel inventories. In the fastening division, fastening tools such as air riveters also declined due to the impact of increased channel inventories in the US.」
The impact of increased channel inventories was explicitly identified not only in the US but also in South Korea, appearing as lower sales of wrenches, pliers, and electrical installation tools in South Korea and fastening tools in the US. - FY2019WorsenedAnnual report
「Although new products were launched and sales expansion measures implemented in the metal products business, these measures were insufficient to offset declines in sales of OEM products and other items, as well as the impact of increased channel inventories, and sales fell below plan.」
The impact of increased channel inventories was explicitly identified as a factor behind the full-year shortfall against plan, and its impact on sales continues. - FY2019-Q3RestatedAnnual report
「Although sales recovered in Europe, fastening tools such as cordless riveters declined due to the impact of increased channel inventories in the US.」
It continues to state that increased channel inventories in the US are a factor behind the decline in fastening tool sales. - FY2019-Q2RestatedAnnual report
「Although sales increased or recovered in some regions, fastening tools such as air riveters declined due to the impact of increased channel inventories in the US.」
It continues to state that increased channel inventories in the US are a factor behind the decline in fastening tool sales. - FY2019-Q1WorsenedAnnual report
「Although sales increased or recovered in some regions, fastening tools such as air riveters declined due to the impact of increased channel inventories in the US.」
In addition to the previously affected other regions, increased excess channel inventories in the US were explicitly identified, affecting actual sales through a decline in fastening tools. - FY2018RestatedAnnual report
「Domestic sales increased year on year. In the hand tools division, monkey wrenches, for which efforts were made to expand sales and normalize excessive channel inventories, and newly launched pliers performed well. Sales also increased due to ongoing planning and sales of newly developed products.」
While sales progressed domestically toward normalizing excess inventories, excess channel inventories continued in other overseas regions. - FY2018-Q3RestatedAnnual report
「Although fastening tools such as air riveters performed generally well in the Americas, sales declined in other regions due to continued excess channel inventories.」
Excess channel inventories in other regions continued to be a factor behind the decline in sales. - FY2018-Q2RestatedAnnual report
「Although fastening tools such as air riveters performed generally well in the Americas, sales declined in other regions due to continued excess channel inventories.」
While sales progressed domestically toward normalizing excess inventories, the impact of excess channel inventories continued in other overseas regions. - FY2018-Q1MitigatedAnnual report
「Domestic sales increased year on year. In the hand tools division, monkey wrenches, for which efforts were made to expand sales and normalize excessive channel inventories, along with electrical installation tools and pliers, performed well,」
Efforts were made to expand sales and normalize excessive channel inventories, and domestic sales increased. Meanwhile, the impact of increased channel inventories remains in some overseas regions. - FY2017-Q3WorsenedAnnual report
「Although sales of cutting tools and electrical installation tools increased as a result of efforts to expand sales, wrenches and fastening tools declined due to the impact of increased channel inventories, while industrial fasteners declined due to delays in construction projects. Newly developed tool sets, which had seen sales growth in the same period of the previous year, also declined as the initial demand cycle ended.」
The impact of increased channel inventories extended beyond domestic wrenches and fastening tools to the fastening division serving the Americas. - FY2017-Q2RestatedAnnual report
「Although sales of cutting tools recovered through efforts to expand sales and sales of electrical installation tools and industrial fasteners increased, wrenches and fastening tools were affected by increased channel inventories. Sales of newly developed tool sets, which had grown in the same period of the previous year, also declined as the initial demand cycle ended.」
The impact of increased channel inventories continued in domestic wrenches and fastening tools, while tool sets that had grown in the same period of the previous year declined on a reactionary basis. - FY2017-Q1First statedAnnual report
「In addition to being generally affected by increased channel inventories across other product groups and divisions, sales of newly developed tool sets, which had grown in the same period of the previous year, declined as the initial demand cycle ended.」
It states that increased channel inventories actually affected performance as a factor behind the decline in domestic sales.