New Business Development, Higher Precision and Cost Reduction in the Cold Forging Business
First written in FY2016. 18 of 36 entries say "Advanced", first in FY2017. Latest entry: 2026-08-07.
Seiko moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Advanced".
- FY2026Revenue and profit declinedAnnual report
「Machining tool component sales fell below the same period of the previous year due to adjustments resulting from production cuts by major customers. Automotive and industrial machinery components were approximately at the same level as in the same period of the previous year despite the headwind of stagnant exports by customers, as production was increased to meet the recovery in some demand during the latter half of the period. Orders for prototypes and dies related to next-generation model development remained firm and exceeded the same period of the previous year. As a result, sales fell 3.7% year on year to ¥1,557 million, and segment profit (operating profit) fell 10.7% year on year to ¥132 million.」
Sales fell 3.7% and segment profit fell 10.7% due to production cuts by major customers and stagnant exports. Orders for prototypes and dies increased as the company secured projects for next-generation models. - 2026-05-14WorsenedRevision of earnings forecasts
「The machine-tool components business was affected by adjustments resulting from production cuts by major customers and consequently performed below the level of the same period of the previous year.」
Adjustments resulting from production cuts by major customers are described as having reduced the performance of the cold forging business. - FY2026-H1Revenue and profit declinedAnnual report
「Machining tool component sales fell below the same period of the previous year due to the impact of inventory adjustments at major customers. Automotive and industrial machinery components were affected by lower exports by customers but were approximately at the same level as in the same period of the previous year. Sales of prototypes and dies also exceeded the same period of the previous year. As a result, sales fell 3.4% year on year to ¥784 million, and segment profit (operating profit) fell 23.4% year on year to ¥53 million.」
Sales in the cold forging business fell 3.4% and segment profit fell 23.4% due to inventory adjustments at major customers and lower exports. - FY2025AdvancedAnnual report
「Machining tools exceeded the same period of the previous year due to easing inventory adjustments and steady construction and DIY markets. Automotive and industrial machinery component sales were at approximately the same level as in the same period of the previous year. As a result, sales rose 20.4% year on year to ¥1,617 million, while segment profit (operating profit) rose 530.0% year on year to ¥148 million, reflecting improved production efficiency from progress in passing through price increases, shorter setup times and production automation.」
In addition to easing inventory adjustments, price pass-through, shorter setup times and progress in production automation lifted sales 20.4% and segment profit 530.0%. - FY2025-H1AdvancedAnnual report
「Orders for power tool components remained firm, supported by steady construction and DIY markets, and some components were produced at higher volumes, resulting in sales above the same period of the previous year. Automotive component orders also remained on a recovery trend and exceeded the same period of the previous year. Industrial machinery component sales were at approximately the same level as in the same period of the previous year. As a result, sales rose 30.3% year on year to ¥811 million, and segment profit (operating profit) was ¥69 million, compared with a loss of ¥7 million in the same period of the previous year.」
Firm power tool component orders and increased production, together with the recovery in automotive component orders, lifted sales in the cold forging business, while segment profit turned from a loss in the same period of the previous year to profit of ¥69 million. - FY2024WorsenedAnnual report
「Power tool component sales exceeded the same period of the previous year as inventory adjustments at major customers eased. Some automotive components for China were subject to production cuts. Industrial machinery component sales fell substantially below the same period of the previous year as substantial production cuts by major customers and inventory adjustments continued, leaving orders sluggish. As a result, sales fell 23.6% year on year to ¥1,343 million, and segment profit (operating profit) fell 82.7% year on year to ¥23 million.」
Sales fell 23.6% and segment profit fell 82.7% due to substantial production cuts and inventory adjustments by major customers, as well as production cuts in components for China. - FY2024-Q3WorsenedAnnual report
「Power tool component sales exceeded the same period of the previous year. Automotive and industrial machinery component sales fell substantially below the same period of the previous year as inventory adjustments at major customers continued and orders remained sluggish. As a result, sales fell 29.2% year on year to ¥976 million, and segment profit (operating profit) fell 94.0% year on year to ¥8 million.」
As inventory adjustments at major customers continued, orders for automotive and industrial machinery components remained sluggish. Sales fell 29.2%, and segment profit fell 94.0%. - FY2024-Q2WorsenedAnnual report
「Power tool component sales exceeded the same period of the previous year as inventory adjustments gradually eased. Orders for automotive components and industrial machinery components remained sluggish due to the impact of substantial production cuts by major customers and inventory adjustments, resulting in a substantial decline from the same period of the previous year. As a result, sales fell 32.6% year on year to ¥622 million, and the segment loss (operating loss) was ¥7 million, compared with profit of ¥97 million in the same period of the previous year.」
Although some power tool components improved, sales fell 32.6% due to production cuts and inventory adjustments in automotive and industrial machinery components, resulting in a ¥7 million operating loss. - FY2024-Q1Sales and profit declined, resulting in a lossAnnual report
「Orders for power tool components were at approximately the same level as in the same period of the previous year. Orders for automotive components and industrial machinery components remained sluggish due to the impact of production cuts by major customers, which continued from the previous year, and inventory adjustments, resulting in a substantial decline from the same period of the previous year. As a result, sales fell 28.3% year on year to ¥333 million, and the segment loss (operating loss) was ¥0 million, compared with profit of ¥39 million in the same period of the previous year.」
Orders for automotive and industrial machinery components were sluggish due to production cuts by major customers and inventory adjustments. Sales fell 28.3%, and segment profit or loss declined from profit in the same period of the previous year to ¥0 million. - FY2023WorsenedAnnual report
「Orders for electric power tool parts remained weak due to inventory adjustments by major customers that continued from the first half of the period, causing them to significantly underperform the previous fiscal year's results. Automotive parts also underperformed due to semiconductor shortages. As a result, revenue declined 20.8% year on year to ¥1,758 million, and segment profit (operating profit) declined 69.1% to ¥136 million due to lower revenue and the impact of higher energy costs.」
Inventory adjustments by major customers, semiconductor shortages, and higher energy costs drove revenue in the cold-forging business down 20.8% and segment profit down 69.1%. - FY2023-Q3Revenue and profit declinedAnnual report
「Orders for electric power tool parts remained weak due to inventory adjustments by major customers, causing them to significantly underperform the previous corresponding quarter's results. Automotive parts also underperformed because major customers implemented production adjustments in response to semiconductor shortages. Conversely, orders for industrial machinery parts remained firm as major customers increased production, allowing them to exceed the previous corresponding quarter's results. As a result, revenue declined 18.1% year on year to ¥1,380 million, and segment profit (operating profit) declined 60.6% to ¥137 million due to lower revenue and the impact of higher energy costs.」
Inventory adjustments by major customers, semiconductor shortages, production adjustments, and higher energy costs drove revenue in the cold-forging business down 18.1% and segment profit down 60.6%. - FY2023-Q2Revenue and profit declinedAnnual report
「As a result, revenue declined 20.4% year on year to ¥923 million, and segment profit (operating profit) declined 61.8% to ¥97 million due to lower revenue.」
Inventory adjustments by major customers and production adjustments for automotive parts drove revenue in the cold-forging business down 20.4% and segment profit down 61.8%. - FY2023-Q1Revenue and profit declinedAnnual report
「Electric power tool parts significantly underperformed the previous corresponding quarter's results due to inventory adjustments by major customers. Automotive parts also underperformed because major customers implemented production adjustments in response to semiconductor shortages. Conversely, orders for industrial machinery parts remained firm as major customers increased production, allowing them to exceed the previous corresponding quarter's results. As a result, revenue declined 20.7% year on year to ¥466 million, and segment profit (operating profit) declined 67.0% to ¥39 million due to lower revenue.」
Inventory and production adjustments by major customers and semiconductor shortages drove revenue in the cold-forging business down 20.7% and segment profit down 67.0%. Orders for industrial machinery parts remained firm on increased production. - FY2022AdvancedAnnual report
「Orders for electric power tool parts remained firm as major customers increased production, while industrial machinery parts significantly exceeded the previous fiscal year's results due to new products and increased production. Conversely, automotive parts underperformed because orders declined amid inventory and production adjustments by major customers. As a result, revenue increased 42.9% year on year to ¥2,221 million, and segment profit (operating profit) increased 270.6% to ¥441 million, reflecting higher revenue and the resulting improvement in factory operating rates.」
Orders for electric power tool parts and new products and increased production in industrial machinery parts drove revenue up 42.9% and segment profit up 270.6%. - FY2022-Q3AdvancedAnnual report
「Orders for electric power tool parts remained firm as major customers increased production, while industrial machinery parts significantly exceeded the previous corresponding quarter's results due to new products and increased production. Conversely, automotive parts underperformed because orders from customers affected by COVID-19 declined. As a result, revenue increased 60.8% year on year to ¥1,685 million, and segment profit (operating profit) increased 743.5% to ¥350 million, reflecting higher revenue and the resulting improvement in factory operating rates.」
In the cold-forging business, higher production by major customers, new products, and increased production drove growth in electric power tool parts and industrial machinery parts, lifting revenue 60.8% and segment profit 743.5%. Automotive parts underperformed the previous corresponding quarter due to lower orders. - FY2022-Q2AdvancedAnnual report
「Orders for electric power tool parts remained firm as major customers increased production, while industrial machinery parts significantly exceeded the previous corresponding quarter's results due to new products and increased production. Automotive parts also exceeded the previous corresponding quarter's results as parts destined for China remained firm. As a result, revenue increased 84.5% year on year to ¥1,160 million, and segment profit (operating profit) was ¥254 million, compared with profit of ¥0 million in the previous corresponding quarter, reflecting higher revenue and the resulting improvement in factory operating rates.」
In the cold-forging business, electric power tool parts and industrial machinery parts grew due to higher production by major customers, new products, and increased production, allowing all fields to exceed the previous corresponding quarter's results. Revenue increased 84.5%, and segment profit was ¥254.619 million. - FY2022-Q1AdvancedAnnual report
「Electric power tool parts significantly exceeded the previous corresponding quarter's results due to increased orders accompanying higher production by major customers. Automotive parts also exceeded the previous corresponding quarter's results as parts destined for China remained firm. Industrial machinery parts likewise exceeded the previous corresponding quarter's results as production was launched for new products ordered in the previous fiscal year. As a result, revenue increased 94.1% year on year to ¥587 million, and segment profit (operating profit) was ¥119 million, compared with a loss of ¥1 million in the previous corresponding quarter, reflecting higher revenue and the resulting improvement in factory operating rates.」
All fields exceeded the previous corresponding quarter's results due to higher production by major customers and the launch of production for new products. Revenue increased 94.1%, and segment profit turned from a loss into profit of ¥119.756 million. - FY2021AdvancedAnnual report
「Orders and production recovered in all fields from the third quarter onward. As a result, automotive parts and electric power tool parts exceeded the previous fiscal year's results. Industrial machinery parts, however, remained below the previous fiscal year's results because the increase in sales from the third quarter onward was insufficient to offset the decline through the second quarter. As a result, revenue increased 3.4% year on year to ¥1,554 million, and operating profit increased 84.4% to ¥119 million.」
Orders and production recovered across all fields, and automotive parts and electric power tool parts exceeded the previous fiscal year's results. Revenue increased 3.4% and operating profit increased 84.4%. - FY2021-Q3AdvancedAnnual report
「In the cold-forging business, automotive parts remained well below the previous corresponding quarter's results through the second quarter due to production cuts and factory shutdowns by automakers. Orders for all automotive parts, electric power tool parts, and industrial machinery parts recovered and production volume increased in the third quarter, but not enough to offset the decline through the second quarter, leaving performance below the previous corresponding quarter's level. As a result, revenue declined 4.0% year on year to ¥1,048 million. Segment profit (operating profit) increased 15.5% to ¥41 million as the company worked to reduce expenses.」
Orders for automotive parts, electric power tool parts, and industrial machinery parts recovered in the third quarter, and expense reductions drove segment profit up 15.5%. Revenue, however, declined 4.0% and remained below the previous corresponding quarter's level. - FY2021-Q2WorsenedAnnual report
「Although demand for automotive parts began to recover in the second quarter, the business remained well below the previous corresponding quarter's results due to production cuts and factory shutdowns by automakers. Electric power tool parts and industrial machinery parts also underperformed. As a result, revenue declined 11.6% year on year to ¥629 million, and segment profit (operating profit) declined 97.5% to ¥0 million.」
Production cuts and factory shutdowns at automakers and other factors reduced revenue in the cold-forging business 11.6%, while segment profit declined 97.5% year on year to ¥0 million. - FY2021-Q1WorsenedAnnual report
「The cold-forging business was significantly affected by the spread of COVID-19. Automotive parts fell well below the previous corresponding quarter's results due to production cuts and factory shutdowns by automakers. Electric power tool parts also underperformed, as increased production of parts for North America driven by higher DIY demand was outweighed by production cuts for parts destined for China. Overseas industrial machinery parts likewise fell below the previous corresponding quarter's results because lockdowns halted production at customers' factories. As a result, revenue declined 11.9% year on year to ¥302 million, and the segment posted a loss (operating loss) of ¥1 million, compared with profit of ¥9 million in the previous corresponding quarter.」
Production cuts and shutdowns at automakers and customers' factories due to COVID-19 reduced revenue 11.9% and pushed the segment into a loss. - FY2020Sales and profit deterioratedAnnual report
「In the cold-forging business, demand declined during the first half of the period due to the effects of US-China trade tensions and the slowdown in the Chinese market. Demand for automotive parts recovered toward the end of the period, causing them to outperform the previous corresponding quarter. Electric power tool parts were about the same as in the previous corresponding quarter, as a new product for the domestic market entered mass production in the second half of the period. Office equipment and industrial machinery parts, however, remained at low levels. As a result, revenue declined 3.0% year on year to ¥1,503 million, and segment profit (operating profit) declined 13.4% to ¥64 million due to lower revenue and lower factory operating rates resulting from lower production volume.」
Although demand for automotive parts recovered and a new product for the domestic market entered mass production, office equipment and industrial machinery parts remained weak, causing revenue and segment profit to decline. - FY2020-Q3Sales and profit deterioratedAnnual report
「Automotive parts and industrial machinery parts remained weak due to US-China trade tensions and the slowdown in the Chinese market. Electric power tool parts were also affected, but performance was about the same as in the previous corresponding quarter because a new product for the domestic market entered mass production. As a result, revenue declined 8.1% year on year to ¥1,091 million, and segment profit (operating profit) declined 24.7% to ¥35 million due to lower revenue and lower factory operating rates resulting from lower production volume.」
In the cold-forging business, US-China trade tensions and the slowdown in the Chinese market drove revenue down 8.1% and segment profit down 24.7%. Meanwhile, a new product for the domestic market entered mass production. - FY2020-Q2Sales and profit deterioratedAnnual report
「Automotive parts and industrial machinery parts remained weak due to US-China trade tensions and the slowdown in the Chinese market. Electric power tool parts were also affected, but performance was about the same as in the previous corresponding quarter because a new product for the domestic market entered mass production. As a result, revenue declined 11.1% year on year to ¥711 million, and segment profit (operating profit) declined 70.6% to ¥9 million due to lower revenue and lower factory operating rates resulting from lower production volume.」
In the cold-forging business, US-China trade tensions and the slowdown in the Chinese market drove revenue down 11.1% and segment profit down 70.6%. Meanwhile, a new product for the domestic market entered mass production. - FY2020-Q1Sales and profit deterioratedAnnual report
「Automotive parts and industrial machinery parts remained weak, as US-China trade tensions and the slowdown in the Chinese market significantly affected customers' production cuts for products destined for China. Electric power tool parts were also affected by production cuts for products destined for China, but overall performance was about the same as in the previous corresponding quarter because some domestic demand increased. As a result, revenue declined 11.4% year on year to ¥343 million, and segment profit (operating profit) declined 35.9% to ¥9 million.」
In the cold-forging business, automotive parts and industrial machinery parts remained weak due to production cuts for products destined for China and other factors, driving revenue down 11.4% and segment profit down 35.9%. - FY2019-Q3AdvancedAnnual report
「Electric power tool parts and office equipment and industrial machinery parts exceeded the previous corresponding quarter's results due to the launch of production for new products and increased orders. Conversely, automotive parts underperformed due in part to the discontinuation of production of customers' core products. As a result, revenue declined 6.2% year on year to ¥1,187 million, and segment profit (operating profit) declined 49.7% to ¥47 million due to lower factory operating rates resulting from lower production volume.」
Although production of new products was launched and orders increased, revenue declined 6.2% and segment profit declined 49.7% due in part to the discontinuation of production of core products supplied to automotive customers. - FY2019-Q2AdvancedAnnual report
「Electric power tool parts and office equipment and industrial machinery parts exceeded the previous corresponding quarter's results due to the launch of production for new products and increased orders. Conversely, automotive parts underperformed due in part to the discontinuation of production of customers' core products. As a result, revenue declined 3.7% year on year to ¥800 million, and segment profit (operating profit) declined 44.1% to ¥31 million due to lower factory operating rates resulting from lower production volume.」
Although production of new products was launched and orders increased, revenue declined 3.7% and segment profit declined 44.1% due in part to the discontinuation of production of core products supplied to automotive customers. - FY2019-Q1AdvancedAnnual report
「Electric power tool parts and office equipment and industrial machinery parts exceeded the previous corresponding quarter's results due to the launch of production for new products and increased orders. Conversely, automotive parts underperformed due to the discontinuation of production of customers' core products and the relocation of production overseas. As a result, revenue declined 6.7% year on year to ¥387 million, and segment profit (operating profit) declined 42.8% to ¥14 million.」
Although production of new products was launched and orders increased, revenue declined 6.7% and segment profit declined 42.8% due to the discontinuation of production of customers' core automotive products and the relocation of production overseas. - FY2018AdvancedAnnual report
「As a result, revenue increased 16.0% year on year to ¥1,640 million, and segment profit (operating profit) increased 83.8% to ¥112 million, reflecting higher revenue and the resulting improvement in factory operating rates.」
In the cold-forging business, increased production of new products ordered in the previous fiscal year and other factors drove revenue up 16.0% and segment profit up 83.8%. - FY2018-Q3AdvancedAnnual report
「Automotive parts performed well and exceeded the previous corresponding quarter's results due to increased production of new products ordered in the previous fiscal year. Electric power tool parts and office equipment and industrial machinery parts also exceeded the previous corresponding quarter's results. As a result, revenue increased 21.8% year on year to ¥1,265 million, and segment profit (operating profit) increased 104.4% to ¥94 million.」
Increased production of new products ordered in the previous fiscal year and other factors drove revenue in the cold-forging business up 21.8% and segment profit up 104.4% year on year. - FY2018-Q2AdvancedAnnual report
「Automotive parts performed well and exceeded the previous corresponding quarter's results due to increased production of new products ordered in the previous fiscal year. Electric power tool parts and office equipment and industrial machinery parts also exceeded the previous corresponding quarter's results. As a result, revenue increased 24.9% year on year to ¥830 million, and segment profit (operating profit) increased 216.6% to ¥56 million.」
Increased production of new products ordered in the previous fiscal year and other factors drove revenue in the cold-forging business up 24.9% and segment profit up 216.6% year on year. - FY2018-Q1AdvancedAnnual report
「Automotive parts performed well and exceeded the previous corresponding quarter's results as new products ordered in the previous fiscal year entered increased production. Electric power tool parts and office equipment and industrial machinery parts also exceeded the previous corresponding quarter's results. As a result, revenue increased 26.7% year on year to ¥415 million, and segment profit (operating profit) increased 261.4% to ¥25 million, reflecting higher revenue.」
Increased production of new products ordered in the previous fiscal year drove revenue in the cold-forging business up 26.7% and segment profit up 261.4% year on year. - FY2017AdvancedAnnual report
「Automotive parts sales were generated by new products, but the impact of lower sales of some products following the relocation of production overseas by customers was significant, causing the business to underperform the previous corresponding quarter. Office equipment and industrial machinery parts also underperformed. As a result, revenue declined 11.8% year on year to ¥1,414 million, and segment profit (operating profit) declined 53.8% to ¥61 million.」
Although new automotive products generated sales, revenue and segment profit fell below the previous corresponding quarter's levels due in part to the relocation of production overseas. - FY2016First statedAnnual report
「We will pursue new customers through proactive sales activities and work to win orders for new products, while improving product precision and enhancing competitiveness through the development and upgrading of forming technologies. We will also work to improve production efficiency and reduce costs.」
Multiple sales, technical, and production initiatives have been outlined in response to the decline in orders.