Risk of lower orders and uncollectible receivables due to deteriorating performance in major markets and among customers
First written in FY2018. 8 of 19 entries say "Materialised", first in FY2020. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1Low levels of orders for core logic sockets coexist with rising generative AI-related ordersAnnual report
「Sales of semiconductor back-end test fixtures exceeded the prior-year period, driven by increased orders for logic semiconductor test sockets for servers and other applications, as well as a substantial increase in orders amid expanding demand for generative AI-related testing.」
Separate from the longstanding weakness in logic sockets for PCs, increased orders for servers and generative AI-related applications lifted sales. - FY2026-H1Generative AI-related demand gains coexist with low order levels for core socketsAnnual report
「Orders for logic semiconductor test sockets for PCs remained at a low level, but sales exceeded the year-earlier period due to higher orders resulting from expanding demand for generative AI-related testing, among other factors.」
While orders for the company's major product, logic sockets for PCs, remained low, CTC sales exceeded the year-earlier period by capturing demand for generative AI-related testing. - FY2025Orders for major products remained at a bottom level while demand related to generative AI was capturedAnnual report
「Sales of semiconductor back-end test fixtures increased from the previous fiscal year due to the capture of demand for generative AI-related testing, despite orders for logic semiconductor test sockets for PCs and other products remaining at a bottom level.」
While orders for major products remained at a bottom level, CTC sales increased year on year due to the capture of demand for generative AI-related testing. - FY2025-H1Lower orders for major products coexisted with the capture of demand related to generative AIAnnual report
「Sales of semiconductor back-end test fixtures exceeded the year-earlier period due to the capture of demand for generative AI-related testing, despite a decline in orders for logic semiconductor test sockets and other products.」
While orders for logic semiconductor test sockets declined, sales exceeded the year-earlier period due to the capture of demand for generative AI-related testing. - FY2024WorsenedAnnual report
「As a result, segment revenue fell substantially year on year to ¥12,585 million, down 43.7% from the previous fiscal year.」
The decline in CTC orders accompanying weak demand in major markets materialized as a 43.7% decline in full-year revenue. - FY2024-Q3WorsenedAnnual report
「Amid these conditions, sales of the group's flagship semiconductor back-end test fixtures fell significantly below the year-earlier period due to lower orders for logic semiconductor test sockets and other products.」
Against the backdrop of weak demand in the semiconductor test market, lower orders from major customers for logic semiconductor test sockets and other products materialized as a substantial year-on-year decline in sales. - FY2024-Q2WorsenedAnnual report
「Amid these conditions, sales of the group's flagship semiconductor back-end test fixtures fell significantly below the year-earlier period due to lower orders for logic semiconductor test sockets and other products.」
The decline in orders for logic semiconductor test sockets and other products materialized as lower sales amid weak demand in major markets. CTC revenue declined 52.6% year on year. - FY2024-Q1WorsenedAnnual report
「Sales of jigs for back-end semiconductor inspection, the Group's main product, fell substantially below the same period of the previous year due to a decline in orders for sockets for logic semiconductor inspection and other products. Sales of jigs for front-end semiconductor inspection also fell below the same period of the previous year as sales of the turnkey business providing one-stop solutions including peripheral equipment and MEMS probe cards (YPX) for high-frequency electronic component inspection remained sluggish.」
Lower demand in the semiconductor test market materialized in actual performance as lower orders for logic sockets and a 44.9% decline in CTC revenue. - FY2023Overseas sales increased on the recovery in automobile production, while semiconductor test orders declinedAnnual report
「Sales of semiconductor back-end test fixtures declined from the second half onward, but exceeded the previous fiscal year due to higher orders for logic semiconductor test sockets and the benefits of the weaker yen, among other factors.」
Orders for semiconductor test fixtures declined from the second half onward, but full-year results exceeded the previous fiscal year due to higher orders for logic sockets and the benefits of the weaker yen. - FY2023-Q3MaterialisedAnnual report
「Sales of semiconductor back-end test fixtures exceeded the year-earlier period in the third quarter, despite a decline in orders for logic semiconductor test sockets and high-frequency test sockets, due in part to the benefits of the weaker yen.」
The decline in orders for logic and high-frequency test sockets actually occurred as semiconductor demand declined in major markets. However, sales exceeded the year-earlier period due in part to the benefits of the weaker yen. - FY2023-Q2Overseas sales to customers increased on the recovery in automobile production and other factors, while domestic-market sales declinedAnnual report
「Against this backdrop, overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, increased due to the weaker yen and the recovery in automobile production in the second quarter.」
Overseas antenna sales increased against the backdrop of a recovery in production by major customer automakers, while the number of units sold in the domestic market declined year on year, resulting in divergent regional trends. - FY2023-Q1MaterialisedAnnual report
「Automobile production by automakers stagnated as the effects of the global semiconductor shortage and delays in parts supplies, among other factors, continued from the previous fiscal year.」
The continued stagnation in production by major customer automakers materialized as lower sales in the US, China and Japan, and lower domestic sales of automotive antennas. - FY2022-Q3MaterialisedAnnual report
「Domestic and overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, as well as sales of products primarily intended for the domestic market, such as ETC antennas, were affected by lower orders accompanying reduced automobile production from the second quarter onward, but exceeded the same period of the previous year due to a rebound in the first quarter.」
The decline in orders accompanying reduced production by major customer automakers materialized as an impact on sales of automotive antennas and related products from the second quarter onward. - FY2022-Q2MaterialisedAnnual report
「Sales in Japan and overseas of antennas for automakers, including the company's flagship shark-fin and GPS antennas, as well as sales of products primarily for the domestic market, such as ETC antennas, declined due to lower orders accompanying reduced automobile production in the second quarter. However, sales exceeded the year-earlier period because of the rebound from the increase in the first quarter.」
The decline in orders accompanying reduced production by major customer automakers materialized as lower second-quarter sales of automotive antennas and related products. - FY2021MaterialisedAnnual report
「From the second quarter onward, orders from major customers declined across the board due to the spread of COVID-19 and the impact of US-China trade friction, returning to the previous fiscal year's level.」
The decline in orders from major customers due to COVID-19 and US-China trade friction materialized in sales trends for semiconductor test fixtures. - FY2021-Q2MaterialisedAnnual report
「Sales of semiconductor back-end inspection fixtures, our core product, exceeded the same period of the previous year, supported by increased orders for sockets for logic semiconductor inspection and sockets compatible with high-frequency testing in the first quarter. However, orders from major customers fell across the board in the second quarter due to the spread of COVID-19 and US–China trade tensions, and the rate of growth slowed substantially despite remaining above the same period of the previous year.」
Due to the impact of COVID-19 and US-China trade friction, orders from major customers for semiconductor test fixtures declined across the board, and the risk of lower orders materialized in actual performance. - FY2021-Q1MaterialisedAnnual report
「Automakers were forced to cut production because of sluggish demand for new vehicles and disruptions and stagnation in the supply chain caused by the spread of COVID-19, resulting in production and sales falling substantially below the same period of the previous year.」
Production cuts by automakers, our major customers, actually occurred and appeared as lower sales of automotive products. - FY2020MaterialisedAnnual report
「For consolidated revenue in the fiscal year ending March 2021, we assume a 45% year-on-year decline in the April–June 2020 quarter due to production stoppages and lower operating rates at major customers, followed by a 20–25% year-on-year decline in the July–September quarter and a 10–15% year-on-year decline from October onward.」
The risk of lower orders and revenue due to production stoppages and lower operating rates at major customers was presented as a specific outlook for lower revenue in the following fiscal year. - FY2018First statedAnnual report
「A contraction in major markets or poor customer performance may result in lower orders and revenue for the group. If a customer undergoes legal proceedings such as bankruptcy, all or part of the group’s receivables from that customer may become uncollectible.」
The company explicitly identifies lower orders due to contraction in major markets and poor customer performance, as well as uncollectible receivables resulting from customers undergoing legal proceedings, as risks.