Revenue decline due to the reversal of large-project and new-product effects from the same period of the previous year
First written in FY2018-Q1. 5 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2026: 2 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Adjustment of excess product inventory resulting from the resolution of difficulties in procuring electronic components and other raw materials continued from the previous fiscal year and, although inventory had largely normalised recently, it affected performance for the current fiscal year.」
Adjustment of excess inventory that arose after difficulties in procuring components were resolved continued, but it is stated to have largely normalised recently. While the supply-side reversal is easing, its impact on current-period performance remained. - FY2026-H1Resolution of excess inventory progressing alongside weak demandAnnual report
「Temporary excess inventories resulting from the resolution of difficulties procuring raw materials such as electronic components are gradually being worked down, but a full recovery in demand has yet to be achieved.」
While the temporary excess inventory that arose after difficulties in procuring components were resolved is being worked down, demand recovery in North America, Europe and elsewhere has been delayed by tariff policies and economic slowdown. The easing of supply-side inventory issues and weak demand are described simultaneously. - FY2025-H1Decline following the resolution of back orders and accumulation of market inventoryAnnual report
「In overseas markets, the yen remained weaker than assumed against foreign currencies, but sales declined because of the reversal following the fulfilment of back orders in Europe and the United States in the previous fiscal year. Although demand for land mobile radio communication equipment increased as a BCP measure against geopolitical risks, temporary oversupply occurred in overseas markets after difficulties in procuring components were resolved, causing some products to remain in market inventory and resulting in lower sales.」
The previously cited issue of the reversal of large projects and special-demand effects appeared as a decline in overseas sales following the fulfilment of back orders in the previous fiscal year. After difficulties in procuring components were resolved, temporary oversupply and accumulated market inventory also occurred, with factors driving demand growth coexisting with factors driving lower sales. - FY2024-Q3RestatedAnnual report
「Land mobile radio communication equipment sales increased from higher demand for rental use as economic activity recovered, but sales for the market as a whole declined because of the impact of the reversal of a large aviation radio equipment bidding project for government agencies in the previous fiscal year.」
The structure is restated whereby increased demand for rental use drives higher sales of land mobile radio communication equipment, while the domestic market as a whole experiences a decline in sales due to the reversal of the large aviation bidding project for government agencies in the previous fiscal year. - FY2024-Q2RestatedAnnual report
「Land mobile radio communication equipment sales increased from higher demand for rental use as economic activity recovered, but sales for the market as a whole declined because of the impact of the reversal of a large aviation radio equipment bidding project for government agencies in the previous fiscal year.」
The combination of increased demand for rental use and the reversal of the decline following the large aviation bidding project in the previous fiscal year is restated. - FY2024-Q1Reversal of large aviation projects alongside increased rental demandAnnual report
「Land mobile radio communication equipment sales increased from higher demand for rental use as economic activity recovered, but sales for the market as a whole declined because of the impact of the reversal of a large aviation radio equipment bidding project for government agencies in the previous fiscal year.」
Land mobile radio communication equipment sales increased as demand for rental use rose with the recovery of economic activity, while the reversal of the large aviation bidding project for government agencies in the previous fiscal year was newly identified as a factor behind the decline in sales for the market as a whole. - FY2023Special-demand reversal and recovery in rental demand occurring simultaneouslyAnnual report
「Land mobile radio communication equipment sales benefited from increased demand for rental use as economic activity recovered, but declined year on year because the reversal of Olympic-related special demand was substantial.」
The full-year results confirm a decline in domestic land mobile radio communication equipment sales due to the reversal of Olympic-related special demand, while also noting increased demand for rental use accompanying the recovery of economic activity. - FY2023-Q3Special-demand reversal and recovery in rental demand occurring simultaneouslyAnnual report
「Land mobile radio communication equipment sales declined because of the reversal of Olympic-related special demand, but turned to year-on-year growth from the second quarter onward as demand for rental use increased with the recovery of economic activity.」
While the decline in sales due to the reversal of Olympic-related special demand continued, sales turned to year-on-year growth from the second quarter onward as demand for rental use increased with the recovery of economic activity. - FY2023-Q2RestatedAnnual report
「《Domestic market》Land mobile radio communication equipment sales declined because of the reversal of Olympic-related special demand and the delayed recovery of economic conditions」
The reversal of Olympic-related special demand continues to be cited as a factor behind the decline in domestic land mobile radio communication equipment sales. - FY2022Recurrence of the reversal of special-demand effectsAnnual report
「Land mobile radio communication equipment sales increased in overseas markets as economic activity recovered, but declined in the domestic market because of the reversal of demand for disaster-prevention radio systems and Olympic-related demand in the fourth quarter of the previous fiscal year. As a result, sales for the product category as a whole also declined.」
The same issue previously described, namely the reversal of large projects and special-demand effects, again became a performance factor in the form of the reversal of demand for disaster-prevention radio systems and Olympic-related demand in the fourth quarter of the previous fiscal year. - FY2019-Q1DroppedAnnual reportThis filing contains no explicit statement identifying the reversal of large projects or new-product effects in the same period of the previous year as factors behind the decline in sales, and sales increased 21.3% year on year. It does not state that the factors have been resolved.
- FY2018-Q3RestatedAnnual report
「Overseas sales declined as the effects of tighter import regulations in Indonesia and delays in the launch of new amateur radio communication equipment products for overseas markets persisted.」
The reversal of large projects in the same period of the previous year and delays in the launch of new products for overseas markets continue to be cited as factors behind the decline in overseas sales. The completion of the new-product launches is not indicated. - FY2018-Q2RestatedAnnual report
「Sales declined because the Company was unable to fully offset the effects of tighter import regulations in Indonesia, delays in the launch of new amateur radio communication equipment products for overseas markets, and the reversal of domestic large-project orders for land mobile radio communication equipment recorded in the same period of the previous year.」
In addition to the reversal of domestic large projects in the same period of the previous year, delays in the launch of new products for overseas markets continued to be factors behind the decline in sales. Tighter import regulations in Indonesia were newly identified as another factor. - FY2018-Q1First statedAnnual report
「Against this backdrop, the Group advanced product development to respond to the trend toward digitalisation and worked to develop new markets and expand sales channels with the aim of acquiring a broad range of customers worldwide. However, sales declined substantially because of the reversal of large projects recorded in the same period of the previous year and the diminishing effect of new amateur radio communication equipment products.」
As factors behind the decline in sales for the quarter, the reversal of large projects recorded in the same period of the previous year and the diminishing effect of new amateur radio communication equipment products are mentioned for the first time as separate business factors.