Fabless Operating Model and Supply and Quality Risks at Asian Manufacturing Partners
First written in FY2016. 14 of 25 entries say "Restated". Latest entry: FY2026-H1.
Elecom moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 10 of 32 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2025MitigatedAnnual report
「As measures to address these risks, we are identifying the production locations of individual product components, building inventory buffers and diversifying production countries.」
In response to country and supply risks in Asia, the company explicitly states that it is identifying production locations, securing inventory and diversifying production countries. - FY2024WorsenedAnnual report
「Our group's raw-material suppliers and outsourced production partners are located in China, Taiwan and other Asian countries. Consequently, changes in the political and economic conditions of these countries, deterioration in public security or social disruption due to terrorism or conflict, and changes in legal or tax systems could disrupt the production of our group's products and affect our group's performance.」
In addition to the existing supply and quality risks associated with its fabless model and outsourced production partners, the company separately identified political and economic conditions, public security, and changes in legal and tax systems in China, Taiwan and other countries as country risks. - FY2023WorsenedAnnual report
「Although we are working to diversify our suppliers, depending on sales trends for particular products, we may become dependent on specific suppliers for certain products or components. If these suppliers restrict or suspend the volume supplied to our group for any reason, this could affect our group's performance.」
While pursuing supplier diversification, the company explicitly states that it may depend on specific suppliers for certain products and components and may face supply restrictions or suspensions. - FY2023-Q3MitigatedAnnual report
「Merchandise and products increased as product purchases were made ahead of schedule, particularly in the first half, to avoid lost sales opportunities resulting from the semiconductor shortage. Since the third quarter, inventory reductions have been pursued as the shortage has eased.」
Inventories increased due to advance purchases in anticipation of the semiconductor shortage, but inventory reductions have been pursued since the third quarter as the shortage has eased. - FY2023-Q2Partial normalization of semiconductor procurement alongside advance inventory purchasesAnnual report
「Merchandise and products increased as product purchases were made ahead of schedule to avoid lost sales opportunities resulting from the semiconductor shortage.」
Against the backdrop of the semiconductor shortage, product purchases were made ahead of schedule to avoid lost sales opportunities, increasing inventories. At the same time, the company reported that procurement conditions for network-related products had normalized as semiconductor supply and demand improved. - FY2023-Q1WorsenedAnnual report
「Total assets temporarily increased due to higher inventories in anticipation of procurement difficulties caused by the semiconductor shortage.」
The company reported building up inventories in anticipation of procurement difficulties caused by the semiconductor shortage, showing the existing supply and procurement risks in the form of a specific procurement response. - FY2022WorsenedAnnual report
「The spread of COVID-19, higher costs due to the semiconductor shortage, worsening product procurement conditions, higher global ocean freight rates and the rapid depreciation of the yen associated with changes in the international situation could affect the performance of our group.」
In addition to the existing supply risks associated with the fabless model and outsourced production partners in Asia, the company explicitly identified the impact of the semiconductor shortage, worsening product procurement conditions, higher ocean freight rates and the rapid depreciation of the yen. - FY2022-Q2WorsenedAnnual report
「The global market environment is changing rapidly, with supply chain disruptions stemming from the global semiconductor shortage and other factors, higher ocean freight rates due to container and labor shortages associated with lockdowns, and surging resource prices, including crude oil prices.」
In relation to the existing supply and procurement risks, supply chain disruptions, container shortages, labor shortages, higher ocean freight rates and surging resource prices were specifically identified. - FY2022-Q1WorsenedAnnual report
「Although Japan's economy was showing signs of improvement as vaccinations gradually progressed, it remained extremely uncertain, with the reissuance of a state of emergency due to the resurgence of COVID-19 infections, a global semiconductor shortage, surging resource prices and higher ocean freight rates caused by a shortage of containers.」
In relation to the existing supply and procurement risks, the global semiconductor shortage, container shortage and higher ocean freight rates were specifically identified as new external conditions. - FY2021-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the risks or other matters described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2021-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new developments or significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2020MaterialisedAnnual report
「Liabilities decreased by ¥1,618 million from the end of the previous consolidated fiscal year to ¥23,936 million, as bills payable and accounts payable, and electronically recorded obligations decreased due to the impact of disruptions to product procurement caused by COVID-19.」
The supply risk associated with the fabless model and outsourced production partners in Asia materialized in the form of documented procurement disruptions caused by COVID-19. - FY2020-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the risks or other matters described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2019RestatedAnnual report
「Our group is a fabless manufacturer that does not own manufacturing facilities, except at certain subsidiaries. We select suppliers after comprehensively considering procurement costs, quality and supply capabilities, among other factors. Currently, these procured products are manufactured in a high-mix, low-volume production model.」
The company continues to describe supply and quality risks associated with its fabless model, high-mix, low-volume production and Asian suppliers. - FY2019-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the risks or other matters described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2019-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new developments or significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2017RestatedAnnual report
「Our group is a fabless manufacturer that does not own manufacturing facilities, except at certain subsidiaries. We select suppliers after comprehensively considering procurement costs, quality and supply capabilities, among other factors. Currently, these procured products are manufactured in a high-mix, low-volume production model.」
The company continues to describe supply and quality risks associated with its fabless model, high-mix, low-volume production and Asian suppliers. - FY2017-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company explicitly states that there have been no significant changes to supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company explicitly states that there have been no significant changes to supply and quality risks associated with its fabless model and outsourced production partners in Asia. - FY2017-Q1RestatedAnnual report
「During the cumulative consolidated period for the first quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explicitly states that there have been no significant changes to the existing risks associated with its fabless model and outsourced production partners. - FY2016First statedAnnual report
「Our group is a fabless manufacturer that does not own manufacturing facilities, except at certain subsidiaries. We select suppliers after comprehensively considering procurement costs, quality and supply capabilities, among other factors. Currently, these procured products are manufactured in a high-mix, low-volume production model.」
The risks described include quality defects, supply restrictions or suspensions, and production disruptions resulting from changes in the political, economic and legal conditions of Asian countries.