Komori
The Lead Co. (6982) · RiskReframedLatest Results (2026-08-07): "Worsened"

Changes in the market environment and downside in demand for the In-house Products Business

First written in FY2017. 10 of 31 entries say "Materialised", first in FY2017. Latest entry: 2026-08-07.

31entries
10years
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017 – FY2019-Q2MaterialisedFY2020-Q1 – FY2021-Q3OtherFY2024 – FY20252017: 220172018: 420182019: 420192020: 320202021: 420212022: 420222023: 420232024: 320242025: 220252026: 12026
Same theme, other companies
Changes in the market environment and downside in demand for the In-house Products BusinessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-08-07WorsenedResults

    「当セグメントの売上高は、駐輪部門における大口案件の受注が減少し、15百万円(前年同期比57.9%減)となりました。」

    電子機器事業撤退後の自社製品セグメントで、駐輪部門の大口案件受注減少による需要下振れが示された。
  2. FY2026-H1Change in the scope of the Company's own products following its withdrawal from electronic equipmentAnnual report

    「During the interim accounting period, the Company withdrew from the electronic equipment business. Accordingly, items previously included under “Own Products” are now presented under “Other.”」

    The withdrawal from the electronic equipment business changed the scope of the own-products market and segment presentation. Following the withdrawal, demand trends for the Company's own products are assessed primarily through the bicycle parking business.
  3. FY2025Electronic equipment rush demand coexisting with carryover of bicycle parking projectsAnnual report

    「In the electronic equipment segment, revenue was ¥113 million, up 2.8% year on year, due to rush demand ahead of the Company's withdrawal from the business. In the bicycle parking segment, revenue was ¥218 million, down 46.4% year on year, due in part to the impact of large-scale projects for government agencies and railway stations being carried over to the following fiscal year.」

    The electronic equipment segment recorded temporary revenue growth due to rush demand before the business withdrawal, while the bicycle parking segment recorded a substantial revenue decline as large-scale projects were carried over to the following fiscal year.
  4. FY2025-H1Electronic equipment revenue decline coexisting with bicycle parking revenue growthAnnual report

    「By segment, revenue in the electronic equipment segment was ¥48 million, down 5.0% from the same period of the previous year, due to a decline in catalog products and other items. In the bicycle parking segment, although orders for projects such as railway stations were concentrated in the second half of the fiscal year, revenue increased to ¥94 million, up 35.0% from the same period of the previous year, due to strengthened sales activities.」

    Revenue declined in the electronic equipment segment due to a decrease in catalog products and other items, while revenue increased in the bicycle parking segment as a result of strengthened sales activities, indicating divergent demand trends among the Company's own products.
  5. FY2024Concurrent demand trends and profit and loss by divisionAnnual report

    「In the electronic equipment segment, revenue was ¥110 million, down 35.5% year on year, mainly due to the discontinuation of production for certain made-to-order products and a decline in spot projects. In the bicycle parking segment, revenue increased substantially to ¥408 million, up 42.7% year on year, due in part to an increase in large-scale projects for government agencies, railway stations and general contractors.」

    Revenue continued to decline in the electronic equipment segment due to the discontinuation of production for made-to-order products and a decline in spot projects, while revenue increased in the bicycle parking segment as large-scale projects grew, indicating divergent demand trends among the Company's own products.
  6. FY2024-Q3WorsenedAnnual report

    「By division, sales in the Electronics Equipment Division were ¥83 million, down 35.0% year on year, mainly because production of some ordered products ended and spot projects declined. In the Bicycle Parking Division, sales were ¥178 million, up 24.7% year on year, due in part to an increase in large projects for government agencies, stations and other customers.」

    The Electronics Equipment Division reported a 35.0% decline in sales because production of some ordered products ended and spot projects declined, and the impact of weaker market conditions and demand continued. Meanwhile, the Bicycle Parking Division increased sales as the number of large projects rose.
  7. FY2024-Q2WorsenedAnnual report

    「By division, sales in the Electronics Equipment Division were ¥51 million, down 45.9% year on year, mainly because production of some ordered products ended and spot projects declined. In the Bicycle Parking Division, sales were ¥69 million, down 24.1% year on year, as large projects for government agencies and other customers were completed in the second half following construction delays.」

    The Electronics Equipment Division reported a 45.9% decline in sales because production of some ordered products ended and spot projects declined, while the Bicycle Parking Division reported a 24.1% decline because construction delays pushed back the completion date. The impact of downside in demand in the In-house Products market was more evident than in the previous quarter.
  8. FY2024-Q1Concurrent downside in electronics equipment demand and increase in bicycle parking project salesAnnual report

    「By division, sales in the Electronics Equipment Division were ¥26 million, down 53.0% year on year, mainly because production of some ordered products ended and spot projects declined. In the Bicycle Parking Division, sales were ¥43 million, up 69.0% year on year, supported by large orders for stations and other customers received from the beginning of the period.」

    The Electronics Equipment Division reported a substantial decline in sales because production of some ordered products ended and spot projects declined, and the impact of weaker market conditions and demand continued. Meanwhile, large projects in the Bicycle Parking Division contributed to higher sales, resulting in divergent trends between the divisions.
  9. FY2023MitigatedAnnual report

    「Total segment sales were ¥457 million, up 14.8% from the previous fiscal year. The Electronics Equipment Division increased sales to ¥171 million, up 7.2% from the previous fiscal year, as intensified sales efforts targeting new and existing customers and price revisions for catalogue products proved effective. The Bicycle Parking Division also increased sales to ¥286 million, up 19.9% from the previous fiscal year, as several large orders involving construction work for government agencies and stations were contracted.」

    Both the Electronics Equipment Division and the Bicycle Parking Division increased sales, easing the impact of downside in demand across the In-house Products business on profitability compared with the previous fiscal year. The segment also returned to profitability, recording a profit of ¥7 million.
  10. FY2023-Q3Concurrent increase in electronics equipment sales and delay in the timing of acceptance for bicycle parking projectsAnnual report

    「By division, the Electronics Equipment Division increased sales to ¥128 million, up 4.3% year on year, as intensified sales efforts targeting new and existing customers and price revisions for catalogue products proved effective. In the Bicycle Parking Division, many large orders involving construction work for government agencies and stations were scheduled for acceptance in the fourth quarter, leaving sales recorded during the cumulative third-quarter period at ¥143 million, down 13.9% year on year.」

    The Electronics Equipment Division increased sales through intensified sales efforts and price revisions, while in the Bicycle Parking Division, the acceptance of large construction projects was pushed back to the fourth quarter, reducing sales recognized during the quarter.
  11. FY2023-Q2Concurrent recovery in electronics equipment demand and decline due to the timing of acceptance for bicycle parking projectsAnnual report

    「By division, the Electronics Equipment Division increased sales to ¥95 million, up 23.7% year on year, as intensified sales efforts targeting new and existing customers and price revisions for catalogue products proved effective. In the Bicycle Parking Division, many large orders involving construction work for government agencies and stations were scheduled for acceptance in the second half, leaving sales recorded during the cumulative second-quarter period at ¥91 million, down 14.0% year on year.」

    The Electronics Equipment Division showed a recovery in demand through intensified sales efforts and price revisions, while in the Bicycle Parking Division, the acceptance of large projects was pushed back to the second half, reducing sales recognized during the quarter.
  12. FY2023-Q1Concurrent recovery in electronics equipment demand and decline due to the timing of bicycle parking project recognitionAnnual report

    「The Electronics Equipment Division increased sales to ¥57 million, up 76.0% year on year, as intensified sales efforts targeting new and existing customers proved effective. In the Bicycle Parking Division, ongoing orders for bicycle parking rack sales and maintenance and repair generated sales at about the same level as the previous year. However, because many orders involving construction work for government agencies and stations were not scheduled for acceptance until July or later, sales recorded during the cumulative first-quarter period remained at ¥25 million, down 43.3% year on year.」

    The Electronics Equipment Division showed a recovery in demand as a result of intensified sales efforts, while sales in the Bicycle Parking Division declined during the quarter because of the timing of acceptance for construction projects for government agencies, stations and other customers.
  13. FY2022WorsenedAnnual report

    「Electronics equipment division sales declined by ¥136 million due to shorter operating hours at trading companies that distribute the Company's products, as well as lower foot traffic at distributors' stores, reflecting the impact of COVID-19. This was more than offset by higher orders in the bicycle parking business launched in March of the previous year, with the Bicycle Parking Division increasing by ¥202 million from the “Other” category in the previous fiscal year.」

    Electronics equipment division sales declined by ¥136 million because distributor activity stagnated amid the pandemic, and the impact of downside in demand continued. Higher sales in the Bicycle Parking Division partly offset the decline, but demand risks remained across the In-house Products market.
  14. FY2022-Q3WorsenedAnnual report

    「Electronics equipment product sales declined by ¥113 million due to shorter operating hours at trading companies that distribute the Company's products, as well as lower foot traffic at distributors' stores, reflecting the impact of COVID-19. This was more than offset by higher orders in the bicycle parking business launched in March this year, with the Bicycle Parking Division increasing by ¥143 million from the “Other” category in the same period of the previous year.」

    Electronics equipment product sales declined by ¥113 million because distributors reduced operating hours and store foot traffic fell, and the downside in demand in the In-house Products market continued. The decline was partly offset by higher sales in the Bicycle Parking Division.
  15. FY2022-Q2WorsenedAnnual report

    「Electronics equipment product sales declined by ¥75 million due to shorter operating hours at trading companies that distribute the Company's products, as well as lower foot traffic at distributors' stores, reflecting the impact of COVID-19. This was more than offset by higher orders in the bicycle parking business launched in March this year, with the Bicycle Parking Division increasing by ¥84 million from the “Other” category in the same period of the previous year.」

    Electronics equipment product sales declined by ¥75 million because distributors reduced operating hours and store foot traffic fell, and the impact of downside in demand continued. Higher sales in the Bicycle Parking Division partly offset the decline, but demand conditions were not uniformly improving across the In-house Products business.
  16. FY2022-Q1WorsenedAnnual report

    「Segment sales were ¥77 million, up 5.8% year on year. Electronics equipment product sales declined by ¥33 million due to shorter operating hours at trading companies that distribute the Company's products, as well as lower foot traffic at distributors' stores, reflecting the impact of COVID-19. This was more than offset by higher orders in the bicycle parking business launched in March this year, with bicycle parking products increasing by ¥37 million from the “Other” category in the same period of the previous year.」

    Electronics equipment product sales declined by ¥33 million because distributors reduced operating hours and store foot traffic fell amid COVID-19. Although bicycle parking products increased, the impact of downside in demand in the In-house Products market continued.
  17. FY2021MitigatedAnnual report

    「In this segment, comprising electronic equipment products, sales were ¥296 million, up 4.9% from the previous fiscal year, due mainly to higher orders for system racks for police use and other products. Price revisions and fixed-cost reductions associated with workforce reductions also turned the segment profitable, with segment profit (ordinary profit) of ¥5 million compared with a segment loss (ordinary loss) of ¥24 million in the previous fiscal year.」

    In the electronics equipment products business, sales increased and the business returned to profitability as a result of higher orders, easing the impact of market conditions and weaker demand on profitability. The lighting equipment business, meanwhile, has already been discontinued.
  18. FY2021-Q3WorsenedAnnual report

    「During the cumulative third-quarter period, segment sales were ¥236 million, down 16.9% year on year. Electronics equipment product sales increased by ¥38 million, while lighting equipment product sales declined by ¥86 million because the business was withdrawn.」

    Sales of in-house products declined 16.9% year on year, widening the decline from the 15.3% year-on-year decrease in the previous cumulative quarter. Electronics equipment sales increased, but the decline resulting from the withdrawal from the lighting equipment business continued, as did the impact of changes in the market environment and downside in demand.
  19. FY2021-Q2WorsenedAnnual report

    「Segment sales were ¥152 million, down 15.3% year on year. Electronics equipment product sales increased by ¥32 million, while lighting equipment product sales declined by ¥60 million because the business was withdrawn.」

    Sales in the In-house Products segment declined 15.3% year on year, and the segment moved from a profit of ¥5 million in the same period of the previous year to a loss of ¥1 million. Although electronics equipment product sales increased, lighting equipment sales declined following the withdrawal from the business.
  20. FY2021-Q1MaterialisedAnnual report

    「Segment sales were ¥66 million, down 14.0% year on year. Electronics equipment product sales increased by ¥6 million, while lighting equipment product sales declined by ¥17 million because the business was withdrawn.」

    Sales of in-house products declined 14.0% year on year, with the decline in lighting equipment products exceeding the increase in electronics equipment products. The impact of the market environment and downside in demand was evident in the results.
  21. FY2020-Q3MaterialisedAnnual report

    「Segment sales were ¥285 million, down 20.3% year on year. Electronics equipment product sales declined by ¥11 million to ¥198 million, while lighting equipment product sales declined by ¥60 million to ¥86 million.」

    Sales of in-house products declined 20.3% year on year, with both electronics and lighting equipment products reporting lower sales. Profit improved through price revisions and fixed-cost reductions, but the impact of changes in the market environment and downside in demand continued to emerge.
  22. FY2020-Q2MaterialisedAnnual report

    「Segment sales were ¥179 million, down 19.4% year on year. Electronics equipment product sales declined by ¥1 million to ¥119 million, while lighting equipment product sales declined by ¥41 million to ¥60 million.」

    Sales of in-house products declined 19.4% year on year, with both electronics and lighting equipment products reporting lower sales. Profit improved through price revisions and fixed-cost reductions, but the downside in market demand was evident in the results.
  23. FY2020-Q1MaterialisedAnnual report

    「Segment sales were ¥76 million, down 9.1% year on year. Electronics equipment product sales declined by ¥5 million, while lighting equipment product sales declined by ¥2 million.」

    Sales of in-house products declined 9.1% year on year, reflecting lower demand for both electronics and lighting equipment products. Segment profit and loss improved to ¥0 million through fixed-cost reductions.
  24. FY2019MitigatedAnnual report

    「Segment sales were ¥477 million, up 7.6% from the previous fiscal year. As break-even sales were not achieved, the segment loss (ordinary loss) was ¥18 million, compared with a segment loss of ¥119 million in the previous fiscal year.」

    The increase in in-house product sales and substantial narrowing of the loss eased the impact of changes in the market environment and insufficient demand on profitability compared with the previous fiscal year. However, break-even sales remained unattained.
  25. FY2019-Q3MitigatedAnnual report

    「Segment sales were ¥357 million, up 29.4% year on year. ... As the Company was unable to achieve break-even sales, the segment loss (ordinary loss) was ¥28 million, compared with a segment loss of ¥73 million in the same period of the previous year.」

    The increase in in-house product sales and narrowing of the loss eased the impact of changes in the market environment and insufficient demand on profitability compared with the same period of the previous year. However, break-even sales remained unattained, and the impact of the risks remained.
  26. FY2019-Q2MaterialisedAnnual report

    「Although the Company worked to reduce fixed costs such as personnel expenses, it was unable to achieve break-even sales, resulting in a segment loss (ordinary loss) of ¥28 million, compared with a segment loss (ordinary loss) of ¥59 million in the same period of the previous year.」

    Sales of in-house products increased and the loss narrowed, but the Company was unable to achieve break-even sales, and the segment loss continued. The impact on profitability of insufficient demand and changes in the market environment remained evident.
  27. FY2019-Q1MaterialisedAnnual report

    「Sales in this segment were ¥84 million, up 12.0% year on year. Electronic equipment products increased by ¥12 million, while lighting equipment products decreased by ¥3 million. Although the company is working to reduce fixed costs, including personnel expenses, it has been unable to achieve break-even sales, and the segment loss (ordinary loss) was ¥21 million, compared with a segment loss (ordinary loss) of ¥19 million a year earlier.」

    Although sales of in-house products increased, the Company was unable to achieve break-even sales, and the segment loss continued, widening by ¥2 million year on year. Changes in the market environment and insufficient demand continued to affect profitability.
  28. FY2018MaterialisedAnnual report

    「Segment sales were ¥443 million, down 8.6% year on year. In terms of profit and loss, weak sales fell short of plan and material costs increased, resulting in a segment loss (ordinary loss) of ¥119 million, compared with a segment loss of ¥84 million in the previous fiscal year.」

    Continued weaker demand and changes in the market environment for the In-house Products market resulted in sales declining 8.6% year on year, while the segment loss widened from ¥84 million to ¥119 million.
  29. FY2018-Q3MaterialisedAnnual report

    「Sales in this segment were ¥276 million, down 18.8% year on year. Electronic equipment products decreased by ¥23 million and lighting equipment products by ¥39 million. The segment loss (ordinary loss) was ¥73 million, compared with a segment loss of ¥80 million a year earlier.」

    The impact of weaker demand and changes in the market environment for the In-house Products market continued, resulting in lower sales of electronics and lighting equipment products and an actual segment loss.
  30. FY2018-Q2MaterialisedAnnual report

    「Sales in this segment were ¥159 million, down 15.8% year on year. Electronic equipment products decreased by ¥26 million and lighting equipment products by ¥3 million. The segment loss (ordinary loss) was ¥59 million, compared with a segment loss of ¥61 million a year earlier.」

    The impact of weaker demand and changes in the market environment for the In-house Products market continued to emerge during the quarter, with lower sales and a segment loss continuing to be recorded.
  31. FY2017MaterialisedAnnual report

    「The business environment for the In-house Products Business is also changing rapidly, due to shorter product cycles in the Electronics Equipment Division, reductions in subsidy programs and the decline of the architectural lighting market in the Lighting Equipment Division, among other factors. Sales of lighting equipment products declined by ¥168 million because of reductions in subsidy programs and stalled installation of street lighting, particularly in shopping streets.」

    Shorter product cycles, reduced subsidy programs, and stagnation in the architectural and street lighting markets were identified as new business-environment risks, resulting in a ¥168 million decline in lighting equipment sales.
Moved together

"Dependence on Interest-Bearing Debt and Rising Interest Rates" moved the same way as this thread, in the same document, in 15 of its 31 moves.

151414131010★123456
  1. ★This thread
  2. 1Dependence on Interest-Bearing Debt and Rising Interest Rates15×
  3. 2Building a Revenue Structure That Generates Stable Profits14×
  4. 3Recovery and expansion of sales and improvement of the earnings structure in the proprietary products business14×
  5. 4Strengthening Cost Competitiveness by Improving Production Efficiency and Managing Major Expenses13×
  6. 5Dependence on Specific Customers and the Overseas Shift in Automobile Production10×
  7. 6Downside to Demand from Overseas Economic Slowdown, Yen Appreciation and Consumption Tax Increase10×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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The Lead Co.'s next results are scheduled for 2026-11-10. Read the earnings preview It last moved in the Results of 2026-08-07: "Worsened".
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