Revenue Decline Due to Production Cuts by Customers of the Korean Subsidiary
First written in FY2020-Q1. 1 of 2 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2020-Q3.
Sanoh Industrial moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 15 of 34 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2020-Q3WorsenedAnnual report
「India was affected by tighter environmental regulations and financial conditions, while Thailand and South Korea were also affected by the economic slowdown.」
Following production cuts by customers of the Korean subsidiary, the impact of the economic slowdown in South Korea was also identified as a factor behind lower revenue and profit in the Asian business. - FY2020-Q1First statedAnnual report
「In Asia, revenue was ¥5,750 million, broadly in line with the same period of the previous year, up 1.8% year on year, as increased sales at the Indian subsidiary offset lower revenue resulting from production cuts by customers of the Korean subsidiary.」
The decline in revenue resulting from production cuts by customers of the Korean subsidiary was identified for the first time as a performance factor for the Asian business.