Declining product value due to rapid technological innovation and changing customer needs
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「However, if rapid technological innovation causes market needs to change significantly and reduces the market value of the Company's products, it will be necessary to anticipate a situation in which its competitive advantage as a manufacturer is impaired.」
The risk of declining product value due to technological innovation and changes in customer needs, and the responses through research and development and the discovery of latent market needs, continue to be described. - FY2023RestatedAnnual report
「If rapid technological innovation causes market needs to change significantly and reduces the market value of the Company's products, it will be necessary to anticipate a situation in which its competitive advantage as a manufacturer is impaired.」
The risk of declining product value due to technological innovation and changes in customer needs, and the response by the Technology Development Center, continue to be described. - FY2020ReframedAnnual report
「As the market shifts from products to services, the Company will pursue the discovery of latent market needs as a company-wide initiative, beginning with the activities of the Innovation Promotion Office, and will work to develop new business models.」
In response to the risk of declining product value due to technological innovation and changes in customer needs, the Company cited the Innovation Promotion Office and company-wide efforts to uncover market needs, in addition to the Technology Development Center, as response measures. - FY2019RestatedAnnual report
「The Company is pursuing forward-looking research and development centered on its R&D Center, while also actively developing new products in its medical equipment and environmental equipment businesses. However, if rapid technological innovation causes market needs to change significantly and reduces the market value of the Company's products, this could affect the performance of the Group.」
The risk of declining product value due to technological innovation and changes in customer needs remains, alongside the response measures being taken by the R&D Center and each business. - FY2017First statedAnnual report
「Technological innovation in the Group's product portfolio is significant, and extensive research and development activities are essential to continue supplying the market with new products that meet customer needs. However, if rapid technological innovation causes market needs to change substantially and the market value of the Group's products declines, the Group's performance could be affected.」
This indicates the need for research and development to keep pace with technological innovation, as well as the possibility that rapid changes in customer needs could reduce the market value of products.