Risk of Dependence on Financial Institutions and Specific Suppliers
First written in FY2019. 4 of 11 entries say "Materialised", first in FY2022-Q3. Latest entry: FY2025.
Glory moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2021: 24 of 53 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group is pursuing measures to enable stable production, including switching to more readily available components and raw materials and maintaining appropriate inventories to ensure business continuity in emergencies.」
The Group continues to recognize the risks of delivery delays and soaring prices for components and raw materials, and is addressing them by switching to alternative components and securing appropriate inventories. - FY2024-Q3MitigatedAnnual report
「In addition, sales of major products increased as production normalized following a significant easing of difficulties in procuring components.」
Difficulties in procuring components eased significantly and production normalized, leading to increased sales of major products. The effects of sales delays and higher costs caused by the previous procurement difficulties have declined relatively. - FY2024-Q2MitigatedAnnual report
「In addition, sales of major products increased as shipments progressed following the recovery in production resulting from an easing of difficulties in procuring semiconductors and other components.」
The easing of difficulties in procuring semiconductors and other components led to a recovery in production and progress in shipments, resulting in increased sales of major products. Some effects from lead times for transportation and other processes remain. - FY2024-Q1MitigatedAnnual report
「In addition, sales of major products increased as shipments progressed following the recovery in production resulting from an easing of difficulties in procuring semiconductors and other components.」
The easing of difficulties in procuring semiconductors and other components led to a recovery in production and progress in shipments, resulting in increased sales of major products. - FY2023MaterialisedAnnual report
「Although production was affected by difficulties in obtaining semiconductors and other components, revenue increased because sales of the Revolution Group, acquired in December 2021, were included in consolidated results for the full year, and because of the yen's depreciation, resulting in record-high revenue.」
The impact on production from difficulties in obtaining components continued during the fiscal year, affecting actual performance through sales delays and higher costs. - FY2023-Q2MaterialisedAnnual report
「Under these circumstances, demand for products and services remained firm in overseas markets, where both the financial and retail markets continued to need solutions to labor shortages as well as contactless and self-service operations. However, sales of major products were delayed because production was affected by difficulties in procuring semiconductors and other components.」
Difficulties in procuring semiconductors and other components actually occurred as delays in sales of major products, while the cost burden from soaring material prices and higher logistics costs also continued. - FY2023-Q1MaterialisedAnnual report
「Sales of major products were delayed because production was affected by difficulties in procuring semiconductors and other components. / Supply chain disruptions, including shortages of semiconductors and other components, soaring material prices, and higher logistics costs, continued.」
The existing component procurement risk has continued to materialize as actual business impacts, including delays in sales of major products, soaring material prices, and higher logistics costs. - FY2022-Q3MaterialisedAnnual report
「Although consolidated results for the nine months ended the third quarter exceeded the previous year's results in both revenue and profit, the effects of extended sales schedules caused by production impacts from difficulties in procuring semiconductors and other components, as well as higher costs resulting from soaring material prices, are expected to continue.」
The Group states that difficulties in procuring semiconductors and other components have caused extensions to production and sales schedules, while higher material prices have continued to raise costs and affect actual performance. - FY2021WorsenedAnnual report
「Global semiconductor supply and demand remain tight, increasing the risk that the Group will be unable to procure semiconductors on schedule.」
In addition to the existing risks related to specific suppliers and component procurement, the Group explicitly identifies the risk of delivery delays caused by tight global semiconductor supply and demand. - FY2020WorsenedAnnual report
「In production activities, operations at overseas plants that were temporarily forced to shut down have now almost returned to normal, but the risk of delivery disruptions by suppliers of raw materials, components and other items, mainly in Asia, continues.」
In addition to dependence on financial institutions, the Group continues to identify the risk of supplier delivery disruptions associated with the spread of infectious diseases, specifying the risks related to dependence on specific suppliers and procurement. - FY2019First statedAnnual report
「The Group has a high degree of dependence on domestic and overseas financial institutions in terms of its sales mix. If financial institutions are forced to reduce capital investment because of serious operational or financial problems, this could adversely affect the Group's performance. In addition, an unforeseen event involving components and other items procured from specific suppliers could also adversely affect the Group's performance.」
The Group newly identifies its dependence on sales to financial institutions and procurement of components from specific suppliers as factors that may cause fluctuations in performance.