Komori
Axell (6730) · RiskRestatedLatest Revisions to earnings forecasts (2026-09-28): "Mitigated"

Demand contraction due to the reuse of components from pachinko and pachislot machines

First written in FY2016. 10 of 21 entries say "Restated". Latest entry: 2026-09-28.

21entries
11years
4from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2016 – FY2019RestatedFY2020-Q2 – FY20252016: 120162017: 120172018: 420182019: 320192020: 420202021: 120212022: 120222023: 120232024: 020242025: 120252026: 42026
Same theme, other companies
Decline in demand for gaming halls and equipment upgrades as the pachinko market contractsA theme 11 companies write about · 14 as a headwind · 0 as a tailwind

Axell moved to the "Worse" side of this theme in 2016, the same year as the typical company in this theme.

The whole theme swung hardest in 2026: 5 of 9 companies on the "Worse" side.

0 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025RestatedAnnual report

    「In recent years, as manufacturers have become increasingly cost-conscious, reuse of component parts for pachinko and pachislot machines, including products manufactured by our Group, has gathered pace.」

    The company continues to recognize that the increasing reuse of component parts is contributing to demand contraction.
  2. FY2023RestatedAnnual report

    「Reuse of component parts, including our products, has become widespread, affecting demand, and the challenging business environment surrounding our Group therefore continues.」

    The company continues to identify demand contraction resulting from the increasing reuse of component parts and the challenging business environment as risks.
  3. FY2022RestatedAnnual report

    「In recent years, as manufacturers have become increasingly cost-conscious, reuse of component parts for pachinko and pachislot machines, including products manufactured by our Group, has gathered pace.」

    The company continues to identify the increasing reuse of component parts as a demand-contraction factor and a risk.
  4. FY2021-Q3RestatedAnnual report

    「Furthermore, against a backdrop of challenging market conditions, pachinko and pachislot machine manufacturers have become increasingly focused on cost reduction, and reuse of component parts, including our products, has become more widespread. As a result, the business environment surrounding our Group has become increasingly challenging.」

    The company restates the increasing reuse of component parts as a demand-contraction factor.
  5. FY2021-Q2RestatedAnnual report

    「Furthermore, against a backdrop of challenging market conditions, pachinko and pachislot machine manufacturers have become increasingly focused on cost reduction, and reuse of component parts, including our products, has become more widespread. As a result, the business environment surrounding our Group has become increasingly challenging.」

    The company restates the increasing reuse of component parts as a demand-contraction factor.
  6. FY2021-Q1RestatedAnnual report

    「Furthermore, against a backdrop of challenging market conditions, pachinko and pachislot machine manufacturers have become increasingly focused on cost reduction, and reuse of component parts, including our products, has become more widespread. As a result, the business environment surrounding our Group has become increasingly challenging.」

    The company reiterates that reuse of component parts has become more widespread against a backdrop of manufacturers’ cost-reduction efforts.
  7. FY2020RestatedAnnual report

    「In recent years, as manufacturers have become increasingly cost-conscious, reuse of component parts for pachinko and pachislot machines, including products manufactured by our Group, has gathered pace.」

    The company continues to identify the increasing reuse of component parts as a demand-contraction factor and a risk.
  8. FY2020-Q3RestatedAnnual report

    「Furthermore, against a backdrop of challenging market conditions, pachinko and pachislot machine manufacturers have become increasingly focused on cost reduction, and reuse of component parts, including our products, has become more widespread. As a result, the business environment surrounding our Group has become increasingly challenging.」

    The company restates that reuse of component parts has become more widespread against a backdrop of manufacturers’ cost-reduction efforts, making the business environment challenging.
  9. FY2020-Q2RestatedAnnual report

    「Furthermore, against a backdrop of challenging market conditions, pachinko and pachislot machine manufacturers have become increasingly focused on cost reduction, and reuse of component parts, including our products, has become more widespread. As a result, the business environment surrounding our Group has become increasingly challenging.」

    The company reiterates that reuse of component parts has become more widespread against a backdrop of manufacturers’ cost-reduction efforts, making the business environment challenging.
  10. FY2019WorsenedAnnual report

    「Against the backdrop of challenging market conditions, pachinko and pachislot machine manufacturers are strongly focused on reducing costs, and reuse of component parts, including our products, is becoming increasingly widespread, making the business environment surrounding our company more challenging.」

    It states that reuse of component parts has become more widespread and that graphics LSI sales declined from 630,000 units in the previous fiscal year to 290,000 units.
  11. FY2019-Q3WorsenedAnnual report

    「Against the backdrop of challenging market conditions, pachinko and pachislot machine manufacturers are strongly focused on reducing costs, and reuse of component parts, including our products, is becoming increasingly widespread, making the business environment surrounding our company more challenging.」

    It states that reuse of component parts has become more widespread against the backdrop of manufacturers' focus on reducing costs, making the business environment more challenging.
  12. FY2019-Q2MaterialisedAnnual report

    「Sales of graphics LSIs, our core product for this market, were limited to approximately 120,000 units, down approximately 140,000 units from the same quarter of the previous year, due to the market environment, temporary market inventory adjustments and increased reuse of component parts, including our products.」

    The impact of increased component-part reuse and temporary market inventory adjustments continued, with graphics LSI sales declining by approximately 140,000 units year on year to approximately 120,000 units.
  13. FY2019-Q1WorsenedAnnual report

    「Sales of graphics LSIs, our core product for this market, were limited to approximately 30,000 units, down approximately 110,000 units from the same quarter of the previous year, due to the weak market environment, temporary market inventory adjustments and increased reuse of component parts, including our products.」

    Increased reuse of component parts is identified alongside market inventory adjustments, with graphics LSI sales declining by approximately 110,000 units year on year to approximately 30,000 units. The impact of demand contraction due to reuse has become more specific.
  14. FY2018MaterialisedAnnual report

    「Sales of graphics LSIs, our core product, were limited to 630,000 units, compared with 870,000 units in the previous fiscal year, due to the market environment and the impact of reuse by major customers.」

    It states that reuse by major customers affected graphics LSI sales, which declined from 870,000 units in the previous fiscal year to 630,000 units.
  15. FY2018-Q3WorsenedAnnual report

    「Sales of various LSI products for the pachinko and pachislot machine market totaled ¥4,478 million, down ¥2,132 million, or 32.3%, from the same quarter of the previous year, due to the market environment and the higher reuse ratio among major customers.」

    It explicitly identifies the higher reuse ratio among major customers and states that sales of LSIs for the core market declined 32.3% year on year as a result.
  16. FY2017WorsenedAnnual report

    「In recent years, rising cost consciousness among manufacturers has accelerated the full-scale reuse of component parts for pachinko and pachislot machines, including our products.」

    It states that reuse of component parts has entered full swing, clarifying the factor behind the contraction in demand.
  17. FY2016MaterialisedAnnual report

    「However, this market is not only a huge market with strong demand for electronic components, including our products, but also has many areas that we have not yet entered but could commercialize. We believe it will remain a core market for our business.」

    It explains that, in addition to the gradual market contraction, demand is being reduced by the impact of component-part reuse.
Moved together

"Shrinking Pachinko and Pachislot Machine Market and Industry Self-Regulation" moved the same way as this thread, in the same document, in 8 of its 21 moves.

852222★123456
  1. ★This thread
  2. 1Shrinking Pachinko and Pachislot Machine Market and Industry Self-Regulation8×
  3. 2Dependence on the Pachinko and Pachislot Machine Market and Core Graphics LSIs5×
  4. 3Rising purchase prices and lower gross margins due to the global semiconductor supply-demand crunch2×
  5. 4Plan for an annual dividend of ¥10 and a 56.0% payout ratio for the following fiscal year2×
  6. 5Increase in Research and Development Costs Associated with LSI Miniaturization2×
  7. 6Disclosure of the two reportable segments: LSI development and sales, and new businesses2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Axell yet. It last moved in the Revisions to earnings forecasts of 2026-09-28: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Demand contraction due to the reuse of components from pachinko and pachislot machines | AXELL CORPORATION (6730) | Komori