Production and Delivery Delays Due to Surging Demand for LED Signage
First written in FY2020-Q3. 3 of 9 entries say "Mitigated", first in FY2021-Q1. Latest entry: FY2024-Q3.
0 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「The small- and medium-sized LED signage products primarily sold to small and medium-sized food-service establishments were affected by higher costs caused by the weaker yen and higher transportation costs.」
The company states that the effects of higher costs caused by the weaker yen and higher transportation costs have continued in the LED signage business. - FY2024-Q2MitigatedAnnual report
「The small- and medium-sized LED signage products primarily sold to small and medium-sized food-service establishments continued to be affected by higher transportation costs and higher costs caused by the weaker yen, although shortages of raw materials such as semiconductors improved.」
In the LED signage business, shortages of raw materials such as semiconductors showed signs of improvement, partially easing supply constraints. Meanwhile, the effects of higher transportation costs and higher costs caused by the weaker yen have continued. - FY2024-Q1RestatedAnnual report
「The small- and medium-sized LED signage products primarily sold to small and medium-sized food-service establishments continued to be affected by shortages of raw materials such as semiconductors, higher transportation costs, and higher costs caused by the sharp depreciation of the yen, as in the previous fiscal year.」
The company states that the effects of shortages of raw materials, higher transportation costs and higher costs caused by the weaker yen have continued to affect the LED signage business since the previous fiscal year. - FY2023RestatedAnnual report
「The small- and medium-sized LED signage products primarily sold to small and medium-sized food-service establishments faced a generally difficult business environment due to the impact of the novel coronavirus, shortages of raw materials such as semiconductors, higher transportation costs, and higher costs caused by the sharp depreciation of the yen.」
The company has reconfirmed that the business environment for its core small- and medium-sized LED signage products remains difficult, with higher costs due to the infectious disease, component shortages, higher transportation costs and the weaker yen continuing. - FY2023-Q3MitigatedAnnual report
「In a difficult environment of component shortages and soaring prices, the company worked to secure product supplies, and signs of recovery began to emerge in the third quarter.」
Although component shortages and soaring prices have continued, the company worked to secure product supplies, and states that signs of recovery emerged in the third quarter, helped by the introduction of new models and large-scale projects. - FY2023-Q2MaterialisedAnnual report
「Overall, the company worked to secure product supplies in a difficult environment of component shortages, soaring prices and lengthening lead times, but earnings remained sluggish, partly because shortages occurred in its core small- and medium-sized product range.」
In the LED & ECO business, shortages actually occurred in the core small- and medium-sized product range against a backdrop of component shortages, soaring prices and lengthening lead times, leading to sluggish earnings. - FY2021-Q1MitigatedAnnual report
「The company delivered products that had remained undelivered because a factory producing components in China had suspended operations during the previous fiscal year.」
The company states that it delivered products during the current quarter against orders left undelivered after a Chinese component-manufacturing plant suspended operations in the previous fiscal year, thereby resolving part of the supply delays. - FY2020WorsenedAnnual report
「The digital signage business achieved full-color, high-definition products in its core product line, which became a hit through replacement demand from existing customers and the acquisition of new customers. However, production could not keep pace because procuring components manufactured in China became difficult due to the novel coronavirus, and the business did not achieve higher revenue or higher profits. As procurement arrangements from multiple suppliers have been completed, the order backlog is expected to be cleared in the first quarter of the 87th fiscal year.」
While its high-definition, full-color products became hits, production and delivery delays occurred because of difficulties procuring components from China due to the novel coronavirus. Procurement arrangements with multiple suppliers have been completed, and the order backlog is expected to be cleared in the first quarter of the 87th fiscal year. - FY2020-Q3MaterialisedAnnual report
「The LED division, the company's core business, saw strong sales of the newly launched LED signage product Super Ecolia, which became a hit product. However, production could not keep pace with the sharp increase in demand, and deliveries were carried over to the fourth quarter and later.」
Production could not keep pace with the sharp increase in demand for the new product, and deliveries were in fact carried over to the fourth quarter and later.