No category-specific facts could be extracted from this document.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Orders increased as demand for optical communications expanded. In AI smartphones, production cuts caused by higher memory prices, including DRAM, and sluggish sales limited investment appetite. The decline in net income was due to delays in collecting receivables from projects pending customer acceptance, which made them subject to impairment under the audit, as well as losses on equity-method investments.