Decline in Overseas Sales Due to Uncertainty Over the Outlook for the Global Economy
First written in FY2016-Q3. 12 of 29 entries say "Worsened", first in FY2019. Latest entry: 2026-10-02.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2026-H1Delivery postponements by a major customer occurred after signs of improvementAnnual report
「Globally, the automatic identification industry remained in a difficult environment as component prices rose and demand declined due in part to customers restraining capital investment. In the group, signs of improvement had emerged in inventory adjustments by major customers during the previous consolidated fiscal year, including the start of orders from some domestic customers, but during the current interim consolidated period, a major customer postponed deliveries and other events occurred.」
Amid continued difficult conditions due to rising component prices, restrained capital investment and weaker demand, a major customer postponed deliveries during the current interim period, following the signs of improvement in inventory adjustments by major customers reported in the previous fiscal year. - 2026-04-03WorsenedEarnings
「Although component prices have risen, demand has declined due in part to customers curbing capital expenditures, and difficult conditions continue.」
Demand continued to decline as component prices rose and customers curbed capital expenditures, while deliveries to a major customer were also postponed. - FY2025MitigatedAnnual report
「Globally, the automatic identification industry remained in a difficult environment as component prices rose and demand declined due in part to customers restraining capital investment. Within the group, however, signs of improvement emerged in inventory adjustments by major customers, including the start of orders from some domestic customers.」
While difficult conditions continued due to rising component prices, restrained capital investment and weaker demand, the company indicated that orders had begun arriving from some domestic customers and that signs of improvement had emerged in inventory adjustments by major customers. - FY2025-H1MitigatedAnnual report
「Globally, the automatic identification industry remained in a difficult environment as component prices rose and demand declined due in part to customers restraining capital investment. However, signs of improvement emerged in inventory adjustments by major customers, including the start of orders from some domestic customers.」
While difficult conditions continued due to weaker demand and customers restraining capital investment, the company indicated that orders had begun arriving from some domestic customers and that signs of improvement had emerged in inventory adjustments by major customers. - FY2024RestatedAnnual report
「Although the difficulties in procuring key components that had continued since the fiscal year ended November 2022 have been resolved within the group, the United States and Europe, Asia and other regions have been affected by the industry downturn, while inventory adjustments continue at major business partners in Japan.」
Although difficulties in procuring key components have been resolved, the overseas industry downturn and inventory adjustments at major business partners in Japan continue to indicate a challenging global demand environment. - FY2024-Q2RestatedAnnual report
「In the global automatic identification industry, demand for capital investment in manufacturing continued to be weak. In addition, product inventories secured by business partners and the company to address shortages of raw materials and products through the previous fiscal year have remained in stock, causing the group as a whole to be affected by inventory adjustments.」
The effects of weak global demand for capital investment and inventory adjustments resulting from accumulated product inventories secured by business partners and the company continue to affect results. - FY2024-Q1WorsenedAnnual report
「In addition to the continued global weakness in demand for capital investment in manufacturing, product inventories secured by business partners and the group to address shortages of raw materials and products through the previous fiscal year have remained in stock, causing the group as a whole to be affected by inventory adjustments.」
The previously cited risks of weaker demand and inventory adjustments have materialized in actual results as weak global demand for manufacturing capital investment and group-wide inventory adjustments due to accumulated product inventories secured in advance. - FY2023Supply constraints resolved, but weaker demand and high raw material prices persistAnnual report
「During the consolidated fiscal year ended 30 November 2023 (1 December 2022 to 30 November 2023), the global economy was slowing due to the prolonged Russia-Ukraine war, the outbreak of conflict in the Gaza Strip and other deterioration in global conditions, as well as rising resource and energy prices and logistics disruptions. Conditions in the global automatic identification industry also remained difficult, as demand declined due in part to customers restraining capital investment.」
Although difficulties in procuring key components had been resolved, the factors contributing to uncertainty shifted to deteriorating global conditions, restrained customer capital investment, weaker demand, and rising resource and energy prices. - FY2023-Q3Supply constraints improving, but weaker demand and persistently high raw material pricesAnnual report
「During the first nine months of the fiscal year ended 30 November 2023 (1 December 2022 to 31 August 2023), logistics disruptions and component shortages improved, and inventory adjustments and delivery delays were resolved. However, manufacturing faced a difficult outlook, particularly in the United States and Europe, due to weaker demand. Raw material prices remained high and manufacturing costs increased, while price competition and other factors continued to make it difficult to revise selling prices.」
Although logistics disruptions, component shortages, inventory adjustments and delivery delays were said to have improved or been resolved, weaker demand in the United States and Europe, a difficult outlook for manufacturing and persistently high raw material prices were identified as new factors contributing to uncertainty. - FY2023-Q2MitigatedAnnual report
「During the first half of the fiscal year ended 30 November 2023 (1 December 2022 to 31 May 2023), tight supply and demand for components, including semiconductors, and raw material prices gradually improved, while delivery problems for components used in the company's major module products were also being resolved.」
The company explained that tight supply and demand for components, raw material prices and delivery problems for major module products continued to exist but were gradually improving or being resolved. - FY2023-Q1Supply constraints improving, but high prices and delivery delays persist amid weaker demandAnnual report
「The effects of COVID-19 are subsiding. Tight supply and demand for components, particularly semiconductors, and soaring raw material prices are also gradually improving, but components used in the company's major module products remain expensive, and the effects of delivery delays and other issues continue.」
Although COVID-19, tight supply and demand for components, and soaring raw material prices were described as improving, high prices for components used in major module products and delivery delays continue. - FY2022WorsenedAnnual report
「During the consolidated fiscal year ended 30 November 2022 (1 December 2021 to 30 November 2022), resource and energy prices rose and supply chains became increasingly disrupted as the Russia-Ukraine situation prolonged, while component and raw material prices increased. In Japan, the yen weakened and procurement costs from overseas rose rapidly. Manufacturing was also affected by production stoppages and delivery delays resulting from tight supply and demand for components, particularly semiconductors, and soaring raw material prices, leaving the outlook uncertain.」
The Russia-Ukraine situation, resource and energy prices, supply chain disruptions, yen depreciation, tight component supplies and soaring raw material prices translated into higher procurement costs, production stoppages and delivery delays. - FY2022-Q3WorsenedAnnual report
「During the first nine months of the fiscal year ended 30 November 2022 (1 December 2021 to 31 August 2022), the global economy stagnated due to the Russia-Ukraine situation and other factors, while prices rose rapidly. Manufacturing was also affected by production stoppages, delivery delays and higher procurement costs resulting from tight supply and demand for semiconductor components and other factors, including soaring raw material prices, leaving the outlook uncertain.」
The company explicitly identified rapid inflation and stagnation in the global economy while the effects of the Russia-Ukraine situation, tight supply and demand for components, and soaring raw material prices continued. - FY2022-Q2WorsenedAnnual report
「During the first half of the fiscal year ended 30 November 2022 (1 December 2021 to 31 May 2022), the global economy faced an uncertain outlook due to disruptions in logistics and other areas resulting from the Russia-Ukraine situation, as well as production stoppages, delivery delays and higher procurement costs resulting from tight supply and demand for components, including semiconductors, and soaring raw material prices.」
In addition to the previously cited pandemic, tight supply and demand for semiconductors, and soaring raw material prices, the company explicitly identified logistics disruptions resulting from the Russia-Ukraine situation as a factor contributing to uncertainty. - FY2021RestatedAnnual report
「During the consolidated fiscal year, the global economy was gradually recovering as COVID-19 vaccines became more widely available, but the outlook remained uncertain due to the emergence of new variants. Manufacturing was also affected by production stoppages, delivery delays and higher procurement costs resulting from tight supply and demand for components, particularly semiconductors, and soaring raw material prices.」
While citing the recovery resulting from wider vaccine availability, the company continued to describe the effects on manufacturing of variants, tight supply and demand for semiconductors and other components, and soaring raw material prices. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year ended 30 November 2021 (1 December 2020 to 31 August 2021), the global economy continued to face an uncertain outlook due to the spread of COVID-19 variants and other factors. In manufacturing, production stoppages, delivery delays and higher procurement costs resulted from tight supply and demand for semiconductor components and other factors, including soaring raw material prices.」
The company continues to cite the factors contributing to uncertainty in the global economy and manufacturing, including the spread of variants, tight supply and demand for semiconductor components, and soaring raw material prices, as well as their actual effects. - FY2021-Q2WorsenedAnnual report
「During the first half of the fiscal year ended 30 November 2021 (1 December 2020 to 31 May 2021), the global economic outlook remained uncertain. Although sentiment improved as COVID-19 vaccination rates increased, lockdowns continued due to the spread of variants. In manufacturing, production stoppages, delivery delays and higher procurement costs resulted from tight supply and demand for semiconductor components and other factors, including soaring raw material prices.」
While citing improved economic sentiment resulting from vaccinations, the company specified additional factors contributing to uncertainty, including variants, lockdowns, tight supply and demand for semiconductor components, and soaring raw material prices. - FY2021-Q1RestatedAnnual report
「During the first quarter of the fiscal year ended 30 November 2021 (1 December 2020 to 28 February 2021), the global economy faced an uncertain outlook due to stagnant economic activity resulting from the continuing spread of COVID-19 from the previous fiscal year.」
The company continues to cite stagnant economic activity resulting from the spread of COVID-19 and uncertainty over the global economic outlook. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year ended 30 November 2020 (1 December 2019 to 31 August 2020), the global economy faced an uncertain outlook as stagnant global economic activity resulting from the spread of COVID-19 since the beginning of the year continued.」
The company continues to cite stagnant global economic activity resulting from the spread of COVID-19 and uncertainty over the economic outlook. - FY2020-Q2RestatedAnnual report
「During the first half of the fiscal year ended 30 November 2020 (1 December 2019 to 31 May 2020), the global economy faced an uncertain outlook due to stagnant global economic activity resulting from the spread of COVID-19 since the beginning of the year.」
The company continues to cite stagnant global economic activity resulting from the spread of COVID-19 and uncertainty over the economic outlook. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the fiscal year ended 30 November 2020 (1 December 2019 to 29 February 2020), the global economy faced an uncertain outlook due to trade tensions, economic slowdowns in China and Europe, sluggish manufacturing caused by declining exports and restrained capital investment, and stagnant economic activity resulting from the spread of COVID-19, continuing from the previous fiscal year.」
In addition to the previously cited trade tensions, economic slowdowns in China and Europe, and manufacturing weakness, the company explicitly identified stagnant economic activity resulting from the spread of COVID-19, broadening the factors contributing to uncertainty in the global economy. - FY2019U.S.-China trade tensions and the economic slowdown in China and Europe explicitly identifiedAnnual report
「During the consolidated fiscal year, the global economy faced an uncertain outlook due to prolonged U.S.-China trade tensions, economic slowdowns in China and in core European economies such as Germany and France, and concerns over a worldwide slump in manufacturing. The Japanese economy also faced an uncertain outlook, including declining exports and restrained capital investment.」
In addition to the previously cited uncertainty over the global economy and the slowdown in the European economy, the company explicitly identified prolonged U.S.-China trade tensions, economic slowdowns in China and Europe, and concerns over a manufacturing slump. - FY2019-Q2MaterialisedAnnual report
「Sales in Europe, Asia and other regions declined year on year, reflecting the slowdown in the European economy, but remained firm in line with the plan.」
The slowdown in the European economy was reflected in actual results as lower sales in Europe, Asia and other regions, which reported a 10.7% year-on-year decline in revenue. Meanwhile, the company explained that operations remained firm in line with the plan. - FY2018Overseas sales remained firm despite global instabilityAnnual report
「Although sales fluctuated slightly in the United States and in Europe, Asia and other regions, overseas operations remained firm amid global instability.」
Although global instability continued to be recognized, the company explained that its overseas business remained firm. - FY2017-Q2DroppedAnnual report
「Overseas sales of modules and terminals failed to grow, while the yen remained stronger than in the previous period. Sales in the United States were ¥602 million, down 28.1% year on year, including a 5.2% decline attributable to foreign exchange effects, while sales in Europe, Asia and other regions were ¥1,557 million, down 9.2%, including a 7.5% decline attributable to foreign exchange effects.」
The uncertainty over the global economic outlook cited previously was not explicitly mentioned this time, with the decline in overseas sales attributed to weak product sales and the yen's strengthening trend. - FY2016-Q3First statedAnnual report
「Overseas sales declined in local-currency terms amid growing uncertainty over the global economic outlook, while the yen-equivalent amount also decreased as the yen strengthened against foreign currencies.」
The company explained that overseas sales declined in local-currency terms against a backdrop of uncertainty over the global economic outlook.