Deterioration in the Cost Ratio Due to Delays in Overseas New-Product Launches
First written in FY2019-Q3. 2 of 6 entries say "Mitigated", first in FY2020. Latest entry: FY2023.
The whole theme swung hardest in 2021: 3 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「This was due to the recovery from the difficulty in supplying products caused by difficulties in procuring components overseas from the second half, as well as progress in measures to expand system sales.」
The company states that the difficulty in supplying products caused by difficulties in procuring components overseas began to recover from the second half. - FY2021-Q2RestatedAnnual report
「Overseas, the company continued to pursue sales activities centered on new products, including efforts to expand its business scope into markets involving larger buildings.」
The company continues to promote market development and sales activities for new products targeting medium- and large-scale overseas markets. - FY2021-Q1RestatedAnnual report
「In overseas markets, the company is operating in an environment where it is taking time to expand sales of strategic products for medium- and large-scale markets,」
The company continues to describe an operating environment in which it is taking time to expand sales of overseas strategic products in medium- and large-scale markets. - FY2020MitigatedAnnual report
「The company has begun selling UL-certified (U.S.) strategic products for medium- and large-scale applications whose market launch had been delayed, and is steadily recording sales, although it is taking time for sales activities to gain traction through new routes.」
Although the delayed overseas product launch has progressed to the start of sales and the recording of sales results, gaining traction through new sales routes remains an ongoing issue. - FY2019WorsenedAnnual report
「In addition to the substantial decline in profit in the first quarter due to the decline in relatively high-margin renewal sales and deterioration in the cost ratio associated with delays in launching new products overseas, parts changeover costs were incurred, resulting in operating profit of ¥4,873 million, down 0.8% year on year.」
The company states that delays in launching new products overseas also affected full-year results and that parts changeover costs were incurred in addition to the deterioration in the cost ratio. - FY2019-Q3MaterialisedAnnual report
「Profit declined substantially in the first quarter due to a deterioration in the cost ratio associated with delays in launching new products overseas, in addition to lower revenue from relatively high-margin renewal projects,」
Delays in launching new products overseas occurred and contributed to lower first-quarter profit through a deterioration in the cost ratio.