Shrinking printer market and price competition

「Meanwhile, the printer and PBX markets are shifting from maturity to decline, making a contraction of operations in these fields unavoidable.」

「IoT profits improved as the impact of higher component prices diminished. However, in printers, the significant impact of stagnant overseas demand and lower revenue due to excess channel inventories resulted in lower revenue and lower profit for the segment as a whole year on year.」

「In the Component Products business, profit improved in IoT as the impact of higher component prices diminished. However, printer sales were affected by the reversal of front-loaded demand ahead of price increases in the previous fiscal year, resulting in lower revenue and profit for the segment as a whole compared with the previous year.」

「In the Components business, demand for printer consumables increased as the US and European economies recovered, resulting in higher revenue.」

「In the Components business, demand for printer consumables increased as the US and European economies recovered, resulting in higher revenue.」

「Overseas markets, particularly the printer market, were significantly affected by COVID-19. In addition, as the pandemic continued, markets in Asian countries, which are growth markets for automated equipment, stagnated more than expected, and the impact also spread to some domestic EMS operations.」

「Overseas markets were strongly affected by COVID-19. In particular, markets in Asian countries, which are growth markets for automated equipment, stagnated more than expected. Conditions for printers and other products in Europe improved in some areas, but the improvement was limited.」

「Although the domestic market was relatively stable, overseas markets continued to be affected by the spread of COVID-19, resulting in sluggish equipment sales. In Europe, infections were spreading again, while the infection situation in India had not changed significantly, and there were still no signs of significant improvement in the overseas business.」

「Although the domestic market was relatively stable, overseas markets were strongly affected by the spread of COVID-19. Revenue declined mainly because tenders in the Asian market were suspended and sales of printer consumables in the European market were weak.」

「Net sales were ¥69.5 billion, down ¥7.2 billion, or 9.3%, year on year. Sales to offices in the European market declined, and revenue was also affected by the stronger yen.」

「Net sales were ¥47.0 billion, down ¥3.8 billion, or 7.4%, year on year. Sales to offices in the European market declined, and revenue was also affected by the stronger yen.」

「Net sales were ¥22.9 billion, down ¥2.3 billion, or 9.2%, year on year. In addition to the loss of the temporary increase in consumables sales to overseas distributors in the same period of the previous year, revenue was affected by the stronger yen. Operating income was ¥500 million, down ¥1.4 billion year on year, due to lower sales, mainly of consumables, and the impact of the stronger yen.」

「Net sales were ¥50.8 billion, down ¥1.0 billion, or 1.9%, year on year. Including the revenue benefit from the weaker yen, sales were almost unchanged from the previous year.」

「The decline in sales to the office printing market resulting from the shift of resources to the industrial printing market outweighed the revenue benefit from the weaker yen, resulting in lower revenue.」

「Revenue declined because the shift of resources to the industrial printing market, including the medical, retail and design industries, following a change in business strategy was compounded by the continued contraction of the office printing market.」

「Net sales were ¥24.9 billion, down ¥2.6 billion, or 9.6%, year on year. Resources were shifted to focus markets such as industrial printing as part of a change in business strategy, while sales to the office printing market continued to decline, resulting in lower revenue. Operating loss was ¥500 million, ¥900 million worse than in the same period of the previous year, due in part to lower sales volume.」

「In the printer business, revenue declined due to the impact of foreign-exchange movements on colour and monochrome LED printers and the continued decline in demand for office printing, among other factors.」

「Net sales were ¥82.0 billion, down ¥9.9 billion, or 10.8%, year on year. While the consolidation of the large-format printer business established in October 2015 had a positive effect, revenue from colour and monochrome LED printers declined due to the stronger yen and lower demand for office printing. Operating loss was ¥700 million, ¥1.6 billion worse than in the same period of the previous year, due to the stronger yen and lower sales volume.」

「Net sales were ¥54.3 billion, down ¥4.8 billion, or 8.2%, year on year. Although the consolidation of the large-format printer business established in October 2015 had a positive effect, revenue from colour and monochrome LED printers declined due to the shrinking market for existing products, intensifying competition and the appreciation of the yen. Dot-matrix printers were also affected by the shrinking market. Operating loss was ¥800 million, ¥300 million worse than in the same period of the previous year, due to the impact of the stronger yen and lower sales volume.」

「Although the consolidation of the large-format printer business established in October 2015 had a positive effect, revenue declined because colour and monochrome LED printers were affected by the shrinking market for existing products, intensifying competition and the rapid appreciation of the yen. The decline in the dot-matrix printer market also continued.」

「Sales volumes declined because the overall market for existing products, particularly colour SFPs for offices, was contracting, while the intensification of price competition in the market also affected sales, as prices were maintained at relatively high levels.」