Inventory Adjustment in the Smart Meter Market
First written in FY2018-Q2. 9 of 13 entries say "Materialised", first in FY2018-Q3. Latest entry: 2026-08-04.
No other company in this theme has enough history to compare yet.
- 2026-08-04MitigatedPresentation materials for financial results
「（＋） 昨年度発生した顧客の在庫調整はほぼ解消」
オセアニアでは、前年度に発生した顧客の在庫調整がほぼ解消したと説明された。 - FY2026MaterialisedAnnual report
「Revenue declined year on year, mainly due to reduced shipments resulting from continued customer inventory adjustments in Oceania and other factors.」
Following Japan and the United Kingdom, inventory adjustments also continued in Oceania, becoming a factor behind the decline in revenue in the overseas Measurement and Control Equipment business. - FY2026-H1MaterialisedAnnual report
「Revenue declined due to customer inventory adjustments in Oceania and other factors.」
Regarding inventory adjustments in the smart-meter market, the results recorded revenue declines due to inventory adjustments among customers in Oceania, in addition to the domestic electric power companies previously identified. - FY2025-H1MaterialisedAnnual report
「Shipments to the United Kingdom declined due to customer inventory adjustments.」
Regarding inventory adjustments in the smart-meter market, the results recorded shipment declines due to inventory adjustments among UK customers, in addition to the domestic electric power companies previously identified. - FY2019MitigatedAnnual report
「Inventory adjustments at some electric power companies had also largely run their course in the second half.」
The company explained that smart-meter inventory adjustments at some electric power companies had largely run their course in the second half, reducing the risk from the phase of continued adjustments since the second half of the previous fiscal year. - FY2019-Q3MitigatedAnnual report
「In the Measurement and Control Equipment business segment, domestic demand for smart meters, the main product, remains high, and inventory adjustments by some electric power companies since the second half of the previous fiscal year have also largely run their course.」
The company explained that inventory adjustments that had continued at some electric power companies since the second half of the previous fiscal year had largely run their course, reducing the inventory-adjustment risk from the level through the previous quarter. However, this was not enough to make up for the decline in revenue in the first half. - FY2019-Q2MaterialisedAnnual report
「In Japan, demand for smart meters, the main product, remains high, but revenue declined because inventory adjustments at some electric utilities continued from the second half of the previous fiscal year and sales of switchboards and other products also decreased.」
Inventory adjustments by some electric power companies continued from the second half of the previous fiscal year and were reflected in the results as a factor behind the decline in domestic revenue despite high demand. - FY2019-Q1MaterialisedAnnual report
「In Japan, demand for smart meters remains high, but revenue declined because inventory adjustments at some electric utilities continued from the second half of the previous fiscal year.」
Although demand for smart meters remains high, inventory adjustments by some electric power companies, which have continued since the second half of the previous fiscal year, were reflected in the results as a factor behind the decline in revenue for the quarter. - FY2018MaterialisedAnnual report
「In the Measurement and Control Equipment business, demand for smart meters among domestic electric power companies declined in some regions due to inventory adjustments and other factors. Revenue also declined for electricity meters for overseas markets, mechanical electricity meters for the domestic market, discontinued products such as time switches for electric power companies, and distribution and switchboards.」
The decline in domestic smart-meter demand in some regions due to inventory adjustments and other factors was confirmed in the full-year business results. - FY2018-Q3MaterialisedAnnual report
「In this business, demand for smart meters among domestic electric power companies declined in some regions due to inventory adjustments and other factors. Revenue also declined for electricity meters for overseas markets, mechanical electricity meters for the domestic market, discontinued products such as time switches for electric power companies, and distribution and switchboards.」
The decline in domestic smart-meter demand in some regions due to inventory adjustments and other factors was confirmed in the actual business results. - FY2018-Q2First statedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand remains at a high level, although some inventory adjustments and other developments have been observed.」
It identifies the continued high-level demand for smart meters, while noting signs of inventory adjustments in some areas as a new market supply-demand risk.