Delays in component procurement and foreign exchange and geopolitical impacts at First EIE
First written in FY2016. 7 of 17 entries say "Materialised", first in FY2016. Latest entry: FY2021.
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- FY2021MitigatedAnnual report
「Following the transfer of the shares of First EIE SA (Switzerland), formerly a consolidated subsidiary, on 12 April 2021, the company excluded it from the scope of consolidation from the current fiscal year, resulting in a single segment, the semiconductor package substrate and precision substrate inspection equipment-related business.」
Following the transfer of all shares in First EIE SA and its exclusion from the scope of consolidation, the company’s direct exposure to business risks related to the company’s component procurement, deliveries and the European and Chinese markets was removed from its business scope. - FY2021-Q3WorsenedAnnual report
「As a result, revenue from the business was ¥248 million, down 32.4% year on year, and the segment loss was ¥116 million, compared with a segment loss of ¥69 million in the same period of the previous year.」
At First EIE, signs of recovery emerged in the Chinese market and order-taking activities began to recover in other regions. However, revenue was down 32.4% year on year, and the segment loss widened from ¥69 million to ¥116 million. - FY2021-Q2RestatedAnnual report
「During the second quarter cumulative consolidated period, photoplotters, the business’s main product, drove revenue. Although signs of recovery emerged in the Chinese market amid a worldwide slowdown in order-taking activities due to the spread of COVID-19, revenue for the period fell short of the initial plan.」
Although the worldwide slowdown in order-taking activities and the failure to achieve the plan in the Chinese market continued, the company states that signs of recovery had emerged in the Chinese market. First EIE revenue was ¥205 million, down 22.6% year on year. - FY2021-Q1WorsenedAnnual report
「During the first quarter cumulative consolidated period, photoplotters, the business’s main product, drove revenue. However, as the spread of COVID-19 led to a tendency to defer investment in the Chinese market, revenue for the period fell short of the initial plan.」
At First EIE, the spread of COVID-19 led to investment deferrals in the Chinese market, causing revenue to fall short of the initial plan. Revenue was ¥90 million and the segment loss was ¥27 million. - FY2020WorsenedAnnual report
「As a result, revenue from the business was ¥467 million, down 16.6% from the previous consolidated fiscal year, and the segment loss was ¥110 million, compared with a segment loss of ¥22 million in the previous year.」
In addition to investment deferrals in the Chinese market caused by U.S.-China trade frictions, the spread of COVID-19 affected First EIE’s failure to achieve its plan. Revenue fell 16.6%, and the segment loss widened from ¥22 million to ¥110 million. - FY2020-Q3WorsenedAnnual report
「A tendency to defer investment timing continued in the Chinese market because of the impact of U.S.-China trade frictions and other factors, causing revenue for the third quarter cumulative consolidated period to fall short of the initial plan. As a result, revenue from the business was ¥368 million, down 14.8% year on year, and the segment loss was ¥69 million, compared with a segment loss of ¥16 million in the same period of the previous year.」
Investment deferrals in the Chinese market continued because of U.S.-China trade frictions and other factors, causing First EIE revenue to fall short of the plan. Revenue was down 14.8% year on year, and the segment loss widened from ¥16 million to ¥69 million. - FY2020-Q2MaterialisedAnnual report
「A tendency to defer investment timing was observed in the Chinese market because of the impact of U.S.-China trade frictions and other factors, causing revenue for the second quarter cumulative consolidated period to fall short of the initial plan.」
The impact of U.S.-China trade frictions caused investment deferrals in the Chinese market for First EIE, and revenue fell short of the initial plan. Overseas economic conditions and geopolitical factors are having a tangible impact on business results. - FY2020-Q1RestatedAnnual report
「During the first quarter cumulative consolidated period, photoplotters, the business’s main product, drove revenue. In addition, delivery of a large photoplotter planned for the previous fiscal year was pushed back into the first quarter cumulative consolidated period, contributing to revenue for the period.」
Delivery of the large photoplotter planned for the previous fiscal year was pushed back into the quarter, contributing to revenue. The company reaffirmed the realized delivery-delay risk, but did not indicate any new delays or additional deterioration. - FY2019MaterialisedAnnual report
「Revenue for the consolidated fiscal year fell short of the initial plan because delivery of the large photoplotter scheduled at the start of the period was pushed back to the following fiscal year, among other factors.」
At First EIE, delivery of the large photoplotter was pushed back to the following fiscal year, causing revenue to fall short of the plan. The impact of changes in delivery timing was reflected in the full-year results. - FY2019-Q3MaterialisedAnnual report
「During the third quarter cumulative consolidated period, photoplotters and direct imaging equipment, the business’s main products, drove revenue. However, revenue for the period fell short of the initial plan because delivery of a large photoplotter scheduled at the start of the period was pushed back to the fourth quarter or later.」
Delivery of the large photoplotter was pushed back to the fourth quarter or later, causing First EIE revenue to fall short of the initial plan. The impact of the delivery delay is reflected in the actual results for the quarter. - FY2019-Q2RestatedAnnual report
「Although expanding sales channels in North America has generated inquiries for direct imaging equipment, which draws patterns directly onto substrates, delivery has been pushed back, causing revenue for the second quarter cumulative consolidated period to fall short of the initial plan.」
Although expanding sales channels in North America has generated inquiries, delivery of direct imaging equipment continued to be pushed back, and First EIE revenue fell short of the initial plan. The segment loss narrowed to ¥6 million. - FY2019-Q1WorsenedAnnual report
「During the first quarter cumulative consolidated period, photoplotters, the business’s main product, continued to drive revenue. Although expanding sales channels in North America generated inquiries for direct imaging equipment, which draws patterns directly onto substrates, delivery was pushed back, causing revenue for the period to fall short of the initial plan. As a result, revenue from the business was ¥128 million, down 23.5% year on year, and the segment loss was ¥14 million, compared with segment profit of ¥15 million in the same period of the previous year.」
Although expanding sales channels in North America generated inquiries, delivery of direct imaging equipment continued to be pushed back, and revenue fell short of the plan. Revenue was down 23.5% year on year, and segment results deteriorated from profit in the same period of the previous year to a loss of ¥14 million. - FY2018WorsenedAnnual report
「During the consolidated fiscal year, photoplotters, the business’s main product, drove revenue. However, revenue for the year fell short of the initial plan, partly because the factory relocation in September 2017 restricted sales activities.」
The factory relocation constrained sales activities, causing First EIE revenue to fall short of the initial plan. Annual revenue was ¥542 million and the segment loss was ¥98 million, representing a change from segment profit in the previous year to a loss. - FY2018-Q2MaterialisedAnnual report
「During the second quarter cumulative consolidated period, photoplotters, the business’s main product, drove revenue. However, revenue for the period fell short of the initial plan because delivery of direct imaging equipment, which draws patterns directly onto substrates, was delayed. As a result, revenue from the business was ¥258 million, down 12.3% year on year, and the segment loss was ¥88 million, compared with segment profit of ¥1 million in the same period of the previous year.」
Delivery of direct imaging equipment continued to be pushed back, and revenue fell short of the initial plan. The impact of the delivery delays is reflected in the actual results for the quarter. - FY2018-Q1MaterialisedAnnual report
「During the first quarter cumulative consolidated period, photoplotters, the business’s main product, drove revenue. However, revenue for the period fell short of the initial plan because delivery of direct imaging equipment, which draws patterns directly onto substrates, was delayed. As a result, revenue from the business was ¥168 million and segment profit was ¥15 million.」
At First EIE, delivery of direct imaging equipment was delayed, causing revenue to fall short of the initial plan. The impact of the delivery delay is reflected in the actual results for the quarter. - FY2017-Q1MaterialisedAnnual report
「Photoplotters, the business’s main product, are driving revenue. However, because some projects were delivered later than scheduled in the second quarter, revenue for the first quarter cumulative consolidated period fell short of the initial plan.」
At First EIE, some projects were pushed back for delivery into the second quarter, causing first-quarter revenue to fall short of the initial plan. - FY2016MaterialisedAnnual report
「Results fell short of the initial plan because the strong Swiss franc and terrorist attacks in neighboring France, together with the poor performance of suppliers of components for the company’s main product, photoplotters, caused delays in procuring certain components, which in turn led to delays in delivery and acceptance inspections.」
The company explains that poor supplier performance, procurement delays and delays in delivery and acceptance inspections led to the actual segment loss.