Komori
Shirai Electronics Industrial (6658) · RiskMaterialised

Demand Fluctuations for Customers’ End Products, Price Cuts and Price Competition

First written in FY2018. 8 of 18 entries say "Restated". Latest entry: FY2026.

18entries
9years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2018 – FY2020MaterialisedFY2024-Q1 – FY2025-H12018: 320182019: 420192020: 220202021: 020212022: 020222023: 220232024: 320242025: 220252026: 22026
Same theme, other companies
Intensifying market competition and order intake and price fluctuations driven by business cyclesA theme 71 companies write about · 72 as a headwind · 1 as a tailwind

Shirai Electronics Industrial moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).

The whole theme swung hardest in 2020: 29 of 54 companies on the "Worse" side.

7 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 71 companies compared. The sentences above are computed from all 71.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「In the printed wiring board business, recovery in the core car electronics area was delayed, but orders in home appliances remained strong. As a result, segment revenue was ¥28,549 million, down 0.5% year on year.」

    Demand fluctuations for customers' end products actually appeared in automotive electronics orders and revenue as a delayed recovery, while the home appliance business performed well.
  2. 2026-05-12MaterialisedEarnings

    「For the fiscal year ending March 2026, the company faced intensifying competition from overseas manufacturers, sluggish sales growth in the automotive electronics field, and a sharp rise in resource prices from the second half of the fiscal year.」

    The company cited intensifying competition from overseas manufacturers, sluggish sales in automotive electronics, and higher resource prices as factors behind the decline in earnings.
  3. FY2026-H1MaterialisedAnnual report

    「In the printed wiring board business, orders in the core car electronics area declined, while orders in other areas remained firm overall. As a result, segment revenue was ¥13,372 million, down 4.4% year on year.」

    Demand fluctuations for customers' end products actually appeared as a decline in automotive electronics orders, and revenue in the printed wiring board business declined 4.4% year on year.
  4. FY2025MitigatedAnnual report

    「In the printed wiring board business, sales activities were conducted flexibly despite challenging market conditions in the core car electronics area, and segment revenue was ¥28,689 million, up 2.1% year on year, partly due to the impact of yen depreciation.」

    Although the automotive electronics market remains challenging, revenue in the printed wiring board business increased, supported by agile sales activities and other measures, and the impact of customer demand fluctuations was mitigated from the previous fiscal year.
  5. FY2025-H1MaterialisedAnnual report

    「In the printed wiring board business, orders in communications and office equipment and electronic applications remained firm, while orders in home appliances declined. As a result, segment revenue was ¥13,986 million, down 4.8% year on year.」

    Demand fluctuations for customers' end products appeared as a decline in orders in the home appliance sector and became a factor behind the decline in revenue in the printed wiring board business.
  6. FY2024MaterialisedAnnual report

    「In our printed wiring board business, inventory adjustments associated with a slowdown in customer demand resulted in slower orders compared with the previous year.」

    The slowdown in customer demand and inventory adjustments actually led to slower orders and a 12.3% full-year decline in revenue.
  7. FY2024-Q3MaterialisedAnnual report

    「In the printed wiring board business, sales activities targeting customers were strengthened, but segment revenue was ¥22,054 million, down 15.3% year on year due to the impact of inventory adjustments.」

    Demand fluctuations caused by customers' inventory adjustments continued to affect actual results, and revenue in the printed wiring board business declined 15.3% year on year.
  8. FY2024-Q2MaterialisedAnnual report

    「In the printed wiring board business, despite intensified sales efforts targeting customers, the segment was affected by inventory adjustments, resulting in segment revenue of ¥14,697 million, down 11.5% year on year.」

    Demand fluctuations caused by customers' inventory adjustments continued to affect actual results, and revenue in the printed wiring board business declined 11.5% year on year.
  9. FY2024-Q1MaterialisedAnnual report

    「In the printed wiring board business, despite strengthened sales activities directed at customers, the impact of inventory adjustments resulted in segment revenue of ¥6,668 million, down 13.9% year on year.」

    Demand fluctuations caused by customers' inventory adjustments actually affected revenue in the printed wiring board business, resulting in a 13.9% year-on-year decline in revenue.
  10. FY2020RestatedAnnual report

    「If demand for customers' end products fluctuates due to their strategies, an economic downturn or other factors, this may adversely affect the performance and financial condition of our group. In addition, as the market prices of customers' end products decline, requests from customers for price reductions and pressure to compete on price with competitors may affect our group's selling prices.」

    The company continues to identify the risks of fluctuations in demand for customers' end products, requests for price reductions and price competition.
  11. FY2020-Q3RestatedAnnual report

    「During the nine months ended December 31, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes regarding fluctuations in demand for customers' end products, requests for price reductions and price competition with competitors.
  12. FY2020-Q2RestatedAnnual report

    「During the cumulative second quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes regarding fluctuations in demand for customers' end products, requests for price reductions and price competition with competitors.
  13. FY2020-Q1RestatedAnnual report

    「During the cumulative period of the first quarter of the consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes regarding the risks of fluctuations in demand for customers' end products, requests for price reductions and price competition.
  14. FY2019RestatedAnnual report

    「If demand for customers' end products fluctuates due to their strategies, an economic downturn or other factors, this may adversely affect the performance and financial condition of our group. In addition, as the market prices of customers' end products decline, requests from customers for price reductions and pressure to compete on price with competitors may affect our group's selling prices.」

    The company continues to identify fluctuations in demand for customers' end products, requests for price reductions and price competition with competitors as major risks.
  15. FY2019-Q3RestatedAnnual report

    「During the nine months ended December 31, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes regarding fluctuations in demand for customers' end products or price reductions and price competition.
  16. FY2019-Q2RestatedAnnual report

    「During the cumulative second quarter of the consolidated fiscal year, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes regarding fluctuations in demand for customers' end products or price reductions and price competition.
  17. FY2019-Q1RestatedAnnual report

    「During the cumulative period of the first quarter of the consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes regarding fluctuations in demand for customers' end products or price reductions and price competition.
  18. FY2018First statedAnnual report

    「If demand for customers' end products fluctuates due to their strategies, an economic downturn or other factors, this may adversely affect the performance and financial condition of our group. In addition, as the market prices of customers' end products decline, requests from customers for price reductions and pressure to compete on price with competitors may affect our group's selling prices.」

    The company has explicitly identified fluctuations in demand for customers' end products, requests from customers for price reductions and price competition with competitors as risks to its performance and financial condition for the first time.
Moved together

"Decline in earning power from lower revenue and earnings" moved the same way as this thread, in the same document, in 5 of its 18 moves.

543333★123456
  1. ★This thread
  2. 1Decline in earning power from lower revenue and earnings5×
  3. 2Expansion of Overseas Orders for Automotive Electronics and Electronic Applications4×
  4. 3Profit pressure from higher copper prices and increased purchases of products3×
  5. 4Shift to Foreign Exchange Losses Due to Exchange-Rate Fluctuations3×
  6. 5Improved Profit Margins in the Inspection Equipment and Solutions Business3×
  7. 6Investment Losses Due to Deteriorating Performance at Equity-Method Affiliates3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Shirai Electronics Industrial's next results are scheduled for 2026-11-06. Read the earnings preview It last moved in the Earnings of 2026-05-12: "Materialised".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.