Advancing a China-Centered Global Strategy
First written in FY2016. 15 of 24 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2025.
Taiyo Technolex moved to the "Worse" side of this theme in 2022.
2 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Japan 3,028,303 China 91,659 Thailand 163,227 Asia (excluding China and Thailand) 333,177 Other 135,299 Total 3,751,667」
Revenue from China was ¥91.659 million by region, down from ¥349.944 million in the previous year. Meanwhile, revenue from Asia excluding China increased, changing the regional composition of overseas expansion. - FY2023-Q3WorsenedAnnual report
「Although sales of inspection machines for rigid boards (※４) and package substrates increased, production of FPCs for smartphones and other applications stagnated at electronic circuit board manufacturers in Japan and overseas, and sales of visual inspection machines (※５) declined, resulting in lower revenue.」
Stagnant FPC production activity at electronic circuit board manufacturers in Japan and overseas led to lower visual inspection-machine sales. The actual performance of the global expansion deteriorated. - FY2023-Q2WorsenedAnnual report
「Sales of electrical continuity inspection machines (※６) declined as electronic circuit board manufacturers in Japan and overseas became more cautious about capital investment, resulting in lower revenue.」
Greater caution about capital investment in Japan and overseas led to lower sales of electrical continuity inspection machines, and the actual performance of the global expansion deteriorated. - FY2023-Q1WorsenedAnnual report
「Although modification projects to improve the functionality of electrical continuity inspection machines (※５) increased, revenue declined because electronic circuit board manufacturers in Japan and overseas restrained capital investment and acceptance of visual inspection machines (※６) expected in the first quarter was delayed until the second quarter or later.」
Restrictions on capital investment in Japan and overseas and delays in acceptance resulted in deteriorating actual performance for inspection-machine sales, including overseas sales. - FY2022-Q3WorsenedAnnual report
「Although the Company sold a large electrical continuity inspection machine project (※４) in an overseas market, production activity at electronic circuit board manufacturers in Japan and overseas, centered on China, stagnated, and sales of electrical continuity and visual inspection machines (※５) declined, resulting in lower revenue. As a result, revenue was ¥302 million, down 44.0% year on year, and the segment recorded a loss of ¥102 million, compared with a segment loss of ¥12 million in the same quarter of the previous year.」
In domestic and overseas markets centered on China, stagnant production activity at electronic circuit board manufacturers led to lower inspection-machine sales, and the Test System business posted a 44.0% decline in revenue and a segment loss of ¥102 million. - FY2022-Q2WorsenedAnnual report
「Production activity at electronic circuit board manufacturers in Japan and overseas, centered on China, stagnated, and sales of electrical continuity and visual inspection machines declined, resulting in lower revenue.」
In domestic and overseas markets centered on China, stagnant production activity at electronic circuit board manufacturers led to lower inspection-machine sales, and the actual performance of the global expansion deteriorated. - FY2022-Q1WorsenedAnnual report
「Board manufacturers in Japan and overseas restrained capital investment as production activity stagnated, and revenue declined because orders for visual inspection machines (※５) and electrical continuity inspection machines (※６) remained sluggish.」
In domestic and overseas markets, including China, stagnant production activity and restrained capital investment by board manufacturers led to sluggish orders for inspection machines, and the actual performance of the global expansion deteriorated. - FY2021-Q3AdvancedAnnual report
「Although sales of visual inspection equipment and consumable inspection fixtures declined, sales increased due to strong capital investment, particularly in China, resulting from orders for electrical continuity inspection equipment, modifications to previously sold equipment and maintenance. As a result, revenue was ¥548 million, up 20.4% year on year, and the segment loss was ¥36 million, compared with a segment loss of ¥97 million in the previous year.」
The recovery in capital investment centered on China drove higher sales of electrical continuity inspection machines, modification projects and maintenance, and revenue increased 20.4%. - FY2021-Q2AdvancedAnnual report
「Although sales of visual inspection machines (※５) and inspection fixtures, which are consumables, declined, sales increased due to orders for electrical continuity inspection machines (※６), modification projects for previously sold machines and maintenance, reflecting the recovery in capital investment demand centered on China.」
The recovery in capital investment demand centered on China resulted in higher sales from orders for electrical continuity inspection machines, modification projects and maintenance, confirming progress in the actual performance of the global expansion. - FY2021-Q1AdvancedAnnual report
「Although inspection-machine sales declined in the domestic market, sales increased in China, where capital investment was recovering, due to orders for electrical continuity inspection machines, modification projects for previously sold machines and maintenance, resulting in higher revenue.」
The recovery in capital investment in China resulted in higher sales from orders for electrical continuity inspection machines, modification projects and maintenance, demonstrating progress in the actual performance of the global expansion. - FY2020WorsenedAnnual report
「Although sales of visual inspection machines increased in the domestic market, particularly to manufacturers of semiconductor package substrates, overseas sales declined due to the impact of the novel coronavirus disease.」
The decline in overseas sales due to the infectious disease was reflected in full-year results, and revenue in the Test System business declined 40.1% year on year. - FY2020-Q3WorsenedAnnual report
「Although sales of visual inspection machines for the domestic market increased, overseas sales declined as economic activity remained constrained by the impact of the novel coronavirus disease.」
Economic activity remained constrained by the infectious disease in overseas markets, and the decline in overseas sales in the Test System business resulted in deteriorating performance in the global expansion. - FY2020-Q2WorsenedAnnual report
「Economic activity was constrained by customer factory shutdowns, travel restrictions and logistics disruptions resulting from the novel coronavirus disease, causing overseas sales to decline.」
In overseas markets, including Asia and China, customer factory shutdowns, travel restrictions and logistics disruptions led to lower inspection-machine sales, and the actual performance of the global expansion deteriorated. - FY2020-Q1WorsenedAnnual report
「Many factories in China have suspended operations due to the impact of the novel coronavirus disease, and stagnation in production and consumption continues worldwide.」
The suspension of factory operations in China and the worldwide stagnation of production and consumption emerged as new external constraints on business expansion in overseas markets, including China. - FY2019WorsenedAnnual report
「The prolonged US-China trade tensions and the slowdown in overseas economies kept companies cautious about capital investment. Sales of visual and electrical continuity inspection machines declined, resulting in lower revenue. As a result, revenue was ¥904 million, down 33.1% year on year, and the segment recorded a loss of ¥73 million.」
Greater caution about capital investment in overseas markets, including China, led to lower inspection-machine sales and deteriorating performance in the global expansion. - FY2019-Q3WorsenedAnnual report
「Companies remained cautious about capital investment due to the decline in smartphone demand in global markets and stagnation in external demand resulting from US-China trade tensions. Sales of electrical continuity and visual inspection machines declined, resulting in lower revenue. As a result, revenue was ¥731 million, down 36.5% year on year, and the segment recorded a loss of ¥28 million.」
In global markets including Asia and China, declining smartphone demand and stagnating external demand led to lower inspection-machine sales, and revenue in the Test System business declined 36.5%. - FY2019-Q2WorsenedAnnual report
「As demand for smartphones declined in global markets, including China, companies remained cautious about capital investment, and sales of electrical continuity and visual inspection machines declined, resulting in lower revenue.」
In global markets centered on Asia and China, the decline in smartphone demand led to lower inspection-machine sales, and revenue in the Test System business was ¥531 million, down 13.8% from the same quarter of the previous year. - FY2018AdvancedAnnual report
「Sales generally remained strong in markets centered on Asia, including visual and electrical continuity inspection machines for FPCs, resulting in higher revenue. As a result, revenue was ¥1,277 million, up 75.8% year on year, and segment profit was ¥119 million, compared with a segment loss of ¥63 million in the same period of the previous year.」
Sales promotion and overseas expansion centered on Asia translated into 75.8% revenue growth and a return to profitability in the inspection-machine business. - FY2018-Q3AdvancedAnnual report
「Sales of visual and electrical continuity inspection machines for FPCs increased in markets centered on Asia, where the Company focused on promoting inspection-machine sales. As a result, revenue was ¥1,091 million, up 111.4% year on year, and segment profit was ¥149 million, compared with a segment loss of ¥47 million in the same period of the previous year.」
Continued sales promotion centered on Asia drove inspection-machine revenue up 111.4% and segment profit to ¥149 million, demonstrating progress in the actual performance of the global expansion. - FY2018-Q2AdvancedAnnual report
「Continued efforts to promote inspection-machine sales in markets centered on Asia increased sales of electrical continuity and visual inspection machines for FPCs, resulting in higher revenue. As a result, revenue was ¥584 million, up 235.3% year on year, and segment profit was ¥27 million.」
Continued sales promotion in markets centered on Asia drove inspection-machine revenue up 235.3% year on year, and the segment returned to profitability. - FY2018-Q1AdvancedAnnual report
「Sales increased as the company focused on promoting inspection equipment sales in markets centered on Asia, leading to higher sales of electrical continuity inspection equipment and visual inspection equipment for FPCs. The loss narrowed due to the impact of higher sales. As a result, revenue was ¥136 million, up 155.7% year on year, and the segment loss was ¥39 million, compared with a segment loss of ¥44 million in the same quarter of the previous year.」
Sales promotion in markets centered on Asia led to higher inspection-machine sales and 155.7% revenue growth, demonstrating progress in actual performance after difficulties securing orders through the previous quarter. - FY2017-Q3WorsenedAnnual report
「Although sales of consumables such as inspection fixtures increased, revenue declined because the Company struggled to secure orders for various inspection machines in the Chinese market, as anticipated.」
Orders for inspection machines in the Chinese market did not progress as expected, and actual performance deteriorated following the increase in the order backlog from the overseas sales strategy identified in the previous quarter. - FY2017-Q2AdvancedAnnual report
「Although the order backlog for electrical continuity inspection machines increased as a result of efforts to promote overseas sales, revenue declined because the Company struggled to secure orders for visual inspection machines and because of a reactionary decline from the same quarter of the previous year, when it received a large order for an electrical continuity inspection machine for FPCs.」
The Company stated that the order backlog for electrical continuity inspection machines increased through its overseas sales strategy, demonstrating concrete progress in its global strategy. Revenue, however, declined due to a reactionary decrease from the previous year and other factors. - FY2016First statedAnnual report
「Because the Group's major customers operate globally, mainly in Asia, we believe it is important to expand our business in markets centered on China. As we accelerate our global expansion, we will further develop our core existing products, including various inspection machines and inspection fixtures that leverage technologies developed through FPC manufacturing. We will also explore every available option, including local production and stronger cooperation with local subsidiaries and sales agents, to secure profits, and will work to further expand our global business.」
Presented market expansion centered on China, further development of existing products, local production, and stronger cooperation with local subsidiaries and sales agents as an integrated global initiative.