Demand stagnation due to market maturation and reduced capital investment

「However, affected by restrained capital investment amid uncertainty in the market environment, sales were only slightly higher than in the same period of the previous year.」

「市場環境の不透明感に伴う設備投資抑制の影響を受けたが、電波関連機器の大型案件の獲得もあり、わずかながら増収。」

「During the interim consolidated accounting period, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」

「During the interim consolidated accounting period, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」

「During the nine-month period ended in the third quarter, there was no occurrence of any new business or other risk, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」

「During the nine-month period ended in the third quarter, there was no occurrence of any new business or other risk, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」

「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」

「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」

「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」

「In Japan, companies were seen restraining capital investment due to stagnating corporate activity.」

「In the broadcasting industry in which the Group operates, capital investment was deferred in Japan and overseas due to the impact of stagnating corporate activity caused by the COVID-19 pandemic. For the nine months ended the third quarter of the current consolidated fiscal year, net sales were ¥2,323 million, down 8.8% year on year, ordinary loss was ¥45 million, compared with ordinary income of ¥230 million in the same period of the previous year, and net loss attributable to owners of the parent was ¥64 million, compared with quarterly net income of ¥167 million in the same period of the previous year.」

「As video streaming businesses worldwide shift from broadcasting to telecommunications, the market for broadcasting-related measuring instruments, which primarily serves the broadcasting market, is expected to gradually contract. A decline of approximately 1% per year is expected through fiscal 2024, followed by an acceleration in the decline.」

「During the cumulative third quarter of the fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」

「For the terrestrial digital broadcasting equipment previously supplied, the Company expects new demand in Asia, particularly China, while it believes that generally difficult conditions will continue in North and Central America.」

「In this economic environment, companies in the industries in which the Group operates continue to take a cautious approach to capital investment both in Japan and overseas.」

「Against this backdrop, demand for equipment supporting 4K video formats remained firm in Japan, South Korea, and Europe, and some activity was also seen in Asia, particularly China, for the terrestrial digital broadcasting equipment previously supplied. However, demand for the Group's core broadcasting-related equipment in North and Central America stagnated, resulting in lower sales.」

「For the terrestrial digital broadcasting equipment previously supplied, some activity was seen in Asia, particularly China, but replacement demand in Japan was deferred to the following fiscal year and beyond, while demand in North and Central America also stagnated, resulting in lower sales.」

「Against this backdrop, demand for equipment supporting 4K video formats remained firm in Japan, North and Central America, and Europe. While some activity was seen in Asia, particularly China, for the terrestrial digital broadcasting equipment previously supplied, replacement demand in Japan was deferred from the second half onward and demand in North and Central America stagnated, resulting in lower sales.」

「Against this backdrop, demand for equipment supporting 4K video formats remained firm in Japan, North and Central America, and Europe. However, for the terrestrial digital broadcasting equipment previously supplied, replacement demand in Japan was deferred from the second half onward, while demand stagnated overseas, particularly in North and Central America and Central and East Asia, resulting in lower sales.」

「Against this backdrop, the industries in which the Group operates are maturing as electronic equipment, including consumer devices, becomes increasingly digitalized and demand for terrestrial digital broadcasting equipment reaches maturity. Companies also continue to take a cautious approach to capital investment.」

「The industry is maturing as electronic equipment, including consumer devices, becomes increasingly digitalized and demand for terrestrial digital broadcasting equipment reaches maturity. Companies also continue to take a cautious approach to capital investment.」