Earnings volatility due to customers’ capital investment and production plans
First written in FY2016. 15 of 34 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MaterialisedAnnual report
「Domestic sales of capacitors for industrial equipment remained strong, led by the power electronics market. However, sales of xEV capacitors declined year on year due to factors including the end of the peak period for models adopted by our customers.」
The earnings volatility risk arising from customers’ model and production plans has continued to materialize in the form of a full-year decline in xEV capacitor sales due to factors including the end of the peak period for models. - FY2026-H1MaterialisedAnnual report
「Sales of xEV capacitors declined year on year due to factors including the end of the peak period for models adopted by our customers.」
The earnings volatility risk arising from customers’ model plans has continued to materialize in the form of lower sales of xEV capacitors due to factors including the end of the peak period for adopted models. - FY2025WorsenedAnnual report
「The market environment in the xEV market has become increasingly chaotic. In the latter half of Phase II, customers’ ordered unit volumes frequently fell substantially below the volumes initially planned, resulting in a situation where investment recovery has not progressed.」
The earnings volatility risk arising from customers’ production and ordering plans became more pronounced as xEV ordered unit volumes fell substantially below planned volumes, preventing investment recovery from progressing. - FY2025-H1WorsenedAnnual report
「Sales of xEV capacitors declined significantly year on year due to factors including the end of the peak period for models adopted by our customers and delays in launching next-generation models.」
The earnings volatility risk arising from customers’ production and model plans has materialized in the form of a significant decline in xEV capacitor sales due to the end of the peak period for adopted models and delays in launching next-generation models. - FY2024WorsenedAnnual report
「Due to customer production adjustments, the company was forced to substantially reduce production of xEV capacitors, resulting in a significant decline in sales.」
The earnings volatility risk arising from customers’ production plans became more pronounced, materializing in a substantial production cut for xEV capacitors and a 5.4% year-on-year decline in sales. - FY2024-Q3MaterialisedAnnual report
「Orders for xEV capacitors remained weak, resulting in lower sales.」
The earnings volatility risk arising from customers’ production and inventory plans continued to materialize through the cumulative third quarter in the form of weak orders and lower sales of xEV capacitors. - FY2024-Q2MaterialisedAnnual report
「Orders for xEV capacitors remained sluggish, resulting in lower sales.」
The earnings volatility risk arising from customers’ production and inventory plans has continued to materialize in the form of sluggish orders and lower sales of xEV capacitors, through customer inventory adjustments and other factors. - FY2024-Q1MaterialisedAnnual report
「Sales of xEV capacitors declined due to the impact of customer inventory adjustments.」
The earnings volatility risk arising from customers’ production and inventory plans has materialized in the form of lower sales of xEV capacitors following customer inventory adjustments. - FY2023-Q3MaterialisedAnnual report
「Sales of xEV capacitors declined slightly due to the impact of customer production adjustments.」
The earnings volatility risk arising from customers’ production plans has continued to materialize in the form of lower sales of xEV capacitors following customer production adjustments. - FY2023-Q2MaterialisedAnnual report
「Sales of xEV capacitors declined due to the impact of customer production adjustments.」
The earnings volatility risk arising from customers’ production plans has continued to materialize in the form of lower sales of xEV capacitors following customer production adjustments. - FY2023-Q1MaterialisedAnnual report
「Sales of capacitors for xEVs declined year on year due to the impact of customer production adjustments caused by supply problems affecting electronic components, particularly semiconductors, and lockdowns in China.」
The earnings volatility risk arising from customers’ production plans and production adjustments has materialized in the form of lower sales of xEV capacitors following customer production adjustments. - FY2022-Q3Specific factors behind weak demand identifiedAnnual report
「Demand remained sluggish for infrastructure equipment due to continued restraint on overseas investment and weak orders in the current period resulting from a decline in domestic building and factory construction starts in the previous fiscal year.」
The factors behind demand volatility driven by customers’ capital investment and production plans have become more specific, with restrained overseas investment and fewer domestic building and factory construction starts identified as factors behind weak orders in the current period. - FY2022-Q2MaterialisedAnnual report
「Demand for power and industrial infrastructure equipment remained sluggish.」
The demand volatility risk associated with customers’ capital investment and production plans continued to materialize in the second quarter in the form of weak demand for power and industrial infrastructure equipment. - FY2022-Q1MaterialisedAnnual report
「Demand for power and industrial infrastructure equipment remained sluggish.」
The demand volatility risk associated with customers’ capital investment and production plans has materialized this quarter in the form of weak demand for power and industrial infrastructure equipment. - FY2021MaterialisedAnnual report
「Power factor correction equipment and power quality improvement equipment performed poorly as demand for capital investment declined. As a result, sales amounted to ¥6,277 million, down 18.7% from the previous fiscal year.」
The decline in customer capital investment demand has become evident in the sluggish performance of power factor correction equipment and power quality improvement equipment, as well as an 18.7% decline in power equipment systems sales. - FY2021-Q3MaterialisedAnnual report
「Demand for power factor correction equipment and power quality improvement equipment remained sluggish due to declining demand for capital investment.」
The decline in customer capital investment demand has translated into an actual sales decline, reflected in sluggish performance by power factor correction equipment and power quality improvement equipment. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new risks or material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2019RestatedAnnual report
「Our group’s performance may be significantly affected by customers’ capital investment and production plans. To minimize this risk, we endeavor to provide products in a timely manner that improve customer satisfaction by assessing market trends and collecting and accumulating customer information.」
The company continues to describe its dependence on customers’ capital investment and production plans, along with measures involving product offerings informed by market trends and customer information. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2017RestatedAnnual report
「Most of our group’s customers are manufacturers, and our group’s performance may be significantly affected by customers’ capital investment and production plans. To minimize this risk, we endeavor to provide products in a timely manner that improve customer satisfaction by assessing market trends and collecting and accumulating customer information.」
The company has reiterated the risk of dependence on customers’ capital investment and production plans, along with measures based on monitoring market trends and gathering customer information. - FY2017-Q3RestatedAnnual report
「Against a backdrop of improving employment and income conditions driven by the government’s economic policies and the Bank of Japan’s monetary easing measures, the economy was gradually recovering, but capital investment remained weak and conditions continued to be uncertain.」
Factors affecting earnings, including weak customer capital investment, continue to be recognized. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported regarding the risk of earnings volatility due to customers’ capital investment and production plans. - FY2016First statedAnnual report
「Our group’s performance may be significantly affected by customers’ capital investment and production plans.」
As most customers are manufacturers, customer production activity is identified as a factor that may cause earnings volatility.