Intensifying competition in the FPC business and loss of the short lead-time advantage due to overseas relocation
First written in FY2016. 17 of 21 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025MitigatedAnnual report
「FPC (¥100 million) 268.1 314.6 306.7 268.2 283.9; year-on-year (%) -27.9 +17.3 -2.5 -12.6 +5.9」
Domestic FPC production value was ¥28.39 billion in 2024, up 5.9% year on year, recovering from the decline in 2023. Exposure to contraction in the FPC market remains, but the latest market indicators improved. - FY2024WorsenedAnnual report
「FPC (¥100 million) 370.4 273.7 314.6 306.7 268.2; year-on-year (%) -26.9 -26.1 +14.9 -2.5 -12.6」
Domestic FPC production value was ¥26.82 billion in 2023, down 12.6% year on year, quantitatively demonstrating exposure to contraction in the FPC market. - FY2023-Q3RestatedAnnual report
「There were also no material changes in the risks relating to the business and other matters described in the securities report for the previous consolidated fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2023-Q2RestatedAnnual report
「There were also no material changes in the risks relating to the business and other matters described in the securities report for the previous consolidated fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2023-Q1RestatedAnnual report
「There were also no material changes in the risks relating to the business and other matters described in the securities report for the previous consolidated fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2021-Q2RestatedAnnual report
「There were also no material changes in the risks relating to the business and other matters described in the securities report for the previous consolidated fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2021-Q1RestatedAnnual report
「There were also no material changes in the risks relating to the business and other matters described in the securities report for the previous consolidated fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2020WorsenedAnnual report
「FPC (¥100 million) 902.9 798.6 736.2 656.1 459.5; year-on-year (%) +20.6 -11.6 -7.8 -10.9 -30.0」
Domestic FPC production value fell to ¥45.95 billion in 2019, down 30.0% year on year, quantitatively demonstrating exposure to contraction in the FPC market. - FY2020-Q3RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2020-Q1RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2019RestatedAnnual report
「If FPC manufacturers produce in-house the labor-intensive FPC prototypes that they would normally avoid because of their high-mix, low-volume production and relatively small sales volumes, taking advantage of spare capacity on their own production lines, and reduce orders from our group, or if they intensify their sales efforts by accepting FPC prototype orders at low prices to win mass-production orders and compete with our group, this could materially affect our group's operating results.」
The risk of competition from FPC manufacturers bringing production in-house or accepting low-priced orders continued to be disclosed in specific terms. - FY2019-Q3RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2019-Q1RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2018RestatedAnnual report
「Our FPC-manufacturing customers may produce FPC prototypes in-house, despite their labor-intensive nature and relatively small sales volumes due to high-mix, low-volume production, because they have spare capacity on their own production lines, and may consequently reduce orders from our group. Alternatively, if they intensify their sales efforts by accepting FPC prototype orders at low prices to win mass-production orders and compete with our group, this could materially affect our group's performance.」
The risk of competition from FPC manufacturers bringing production in-house or accepting low-priced orders was specified and continued to be disclosed. - FY2018-Q3RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2018-Q2RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business continued to be disclosed as having no material changes. - FY2018-Q1RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business was comprehensively described as having no material changes. - FY2017-Q3RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business was comprehensively described as having no material changes. - FY2017-Q2RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business was comprehensively described as having no material changes. - FY2017-Q1RestatedAnnual report
「There were also no material changes during the most recent year to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk of losing the short-lead-time advantage due to intensifying competition and overseas relocation in the FPC business, disclosed in the previous fiscal year, was comprehensively described as having no material changes. - FY2016First statedAnnual report
「Our group does not hold intellectual property rights, including patent rights and utility model rights, in the manufacture of FPCs and uses conventional manufacturing methods. Competition may therefore intensify as new entrants emerge or innovative new manufacturing methods are developed. In addition, if the research and product development functions of set manufacturers relocate overseas, our group may lose its advantage over other companies in responding to short lead times because we do not have overseas production bases.」
The FPC business risk factors disclosed were the status of intellectual property holdings, the absence of overseas production bases, and intensifying competition from new entrants and new manufacturing methods.