Revenue decline in the Inspection Systems business following large medical projects
First written in FY2016-Q2. 4 of 10 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2020.
Taiyo Technolex moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
The whole theme swung hardest in 2026: 2 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「Although sales of visual inspection machines increased in Japan, mainly to manufacturers of semiconductor package substrates, overseas sales declined due to the impact of COVID-19, and the previous year’s corresponding period included the recording of large projects such as lighting inspection equipment, resulting in lower net sales.」
In addition to the decline following the large projects such as lighting inspection equipment recorded in the previous year’s corresponding period, lower overseas sales due to the pandemic continued to weigh on full-year revenue in the inspection systems business. - FY2020-Q3WorsenedAnnual report
「Although sales of visual inspection machines increased in Japan, overseas sales declined as economic activity remained constrained by the impact of COVID-19, and the previous year’s corresponding quarter included the recording of large projects such as lighting inspection equipment, resulting in lower net sales.」
In addition to the decline following the large projects such as lighting inspection equipment recorded in the previous year, lower overseas sales due to the pandemic compounded the impact, with the factors behind lower revenue in the inspection systems business continuing and intensifying. - FY2020-Q2WorsenedAnnual report
「Although sales of visual inspection machines increased in Japan, sales in overseas markets declined as economic activity was constrained by the suspension of operations at customer plants, travel restrictions and logistics disruptions caused by COVID-19, as well as by the recording of large projects such as lighting inspection equipment in the previous year’s corresponding quarter, resulting in lower net sales.」
In addition to the decline following the recording of large projects such as lighting inspection equipment in the previous year’s corresponding quarter, lower overseas sales also contributed, causing the factors behind lower revenue in the inspection systems business to re-emerge. - FY2020-Q1WorsenedAnnual report
「Amid continued caution over capital investment, sales of electrical continuity testers and visual inspection machines increased in Japan. However, because the previous year’s corresponding quarter included revenue from large projects such as lighting inspection equipment, net sales decreased.」
The decline following the recording of large projects in the previous year’s corresponding quarter again emerged as a factor behind lower revenue in the inspection systems business. - FY2017-Q3MitigatedAnnual report
「Although the order backlog increased due to orders for repeat products and other products from existing customers, revenue declined because sales recognition did not progress as expected and for other reasons. The loss narrowed because the company was able to sell highly profitable inspection systems. As a result, revenue was ¥84 million, down 4.5% year on year, and the segment loss was ¥6 million, compared with a segment loss of ¥7 million in the previous year.」
Revenue declined because sales recognition was delayed, while repeat orders increased the order backlog and sales of high-margin products narrowed the loss from ¥7 million to ¥6 million. - FY2017-Q2MitigatedAnnual report
「Revenue increased as the company secured orders for system upgrades from existing customers and new visual inspection equipment projects. The loss narrowed due to the impact of higher sales. As a result, revenue was ¥68 million, up 54.3% year on year, and the segment loss was ¥1 million, compared with a segment loss of ¥9 million in the same quarter of the previous year.」
Orders for upgrades from existing customers and new projects increased revenue, mitigating the impact of lower revenue following the previous year's large project. The loss also narrowed from ¥9 million to ¥1 million. - FY2017-Q1MitigatedAnnual report
「Revenue increased as the company secured orders for repeat products and other products from existing customers. Although higher sales contributed to earnings, the segment posted a loss because the sales mix shifted toward lower-margin products and for other reasons. As a result, revenue was ¥26 million, up 13.9% year on year, and the segment loss was ¥7 million, compared with segment profit of ¥0 million in the same quarter of the previous year.」
Repeat and upgrade orders from existing customers increased revenue and mitigated the risk of lower revenue following the previous year's large project. However, the segment posted a loss because of the product mix's low profitability. - FY2016RestatedAnnual report
「Although the company secured more equipment upgrade and modification projects from existing customers and development project orders from new business partners, revenue declined due to a reactionary decline following the large visual inspection equipment project in the previous year. Profit declined due to the impact of lower sales.」
Although the company continued to secure upgrade, modification and new development project orders, the reactionary decline following the large project resulted in lower revenue and profit for the full year as well. - FY2016-Q3RestatedAnnual report
「Although projects involving equipment upgrades and modifications for existing customers increased and the company secured development project orders from new business partners, revenue declined due to a reactionary decline following the large visual inspection equipment project in the same quarter of the previous year. The segment posted a loss due to the impact of lower sales.」
Although the company secured equipment upgrade and modification projects from existing customers and development projects from new business partners, the decline in revenue and resulting loss following the previous year's large project continued. - FY2016-Q2First statedAnnual report
「Although projects involving equipment upgrades and modifications for existing customers increased, revenue declined due to a reactionary decline following the substantial order for visual inspection equipment for the medical industry in the same quarter of the previous year. The segment posted a loss due to the impact of lower sales. As a result, revenue was ¥44 million, down 73.3% year on year, and the segment loss was ¥9 million, compared with segment profit of ¥16 million in the same quarter of the previous year.」
The reactionary decline following the large project in the previous year has resulted in lower revenue and a loss in the inspection systems business.