Decline in demand for inverters and industrial equipment, primarily in China and elsewhere in Asia
First written in FY2017-Q1. 15 of 23 entries say "Restated". Latest entry: FY2023-Q3.
The whole theme swung hardest in 2019: 4 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「Due in part to increased demand for automotive and industrial machinery-related products, net sales were ¥114,835 million, up 16.5% year on year, while segment profit was ¥8,321 million, up 45.7% year on year.」
The recovery and increase in demand for automotive and industrial equipment applications, including in Asia led by China, continued, along with higher revenue and segment profit in the capacitor business. - FY2023-Q2MitigatedAnnual report
「The industrial equipment-related market was strong, supported by a recovery in corporate demand for capital investment.」
The company reported that, in contrast to the previous decline in demand for industrial equipment applications in China and Asia, the industrial equipment-related market became strong as corporate demand for capital investment recovered. - FY2022RestatedAnnual report
「Due to increased demand for automotive and industrial equipment applications in Asia, led by China, revenue was ¥134.947 billion, up 27.2% year on year, and segment profit was ¥8.258 billion, up 226.9%.」
The full-year results confirmed increased demand for automotive and industrial equipment applications in Asia, led by China, along with higher revenue and segment profit in the capacitor business. - FY2022-Q3RestatedAnnual report
「Due mainly to increased demand for automotive and industrial equipment applications in Asia, led by China, revenue was ¥98.537 billion, up 28.8% year on year, and segment profit was ¥5.709 billion, up 424.0%.」
Increased demand for automotive and industrial equipment applications in Asia, led by China, continued, resulting in higher revenue and segment profit in the capacitor business. - FY2022-Q2MitigatedAnnual report
「Due mainly to increased demand for automotive and industrial equipment applications in Asia, led by China, revenue was ¥64.056 billion, up 28.5% year on year, and segment profit was ¥3.249 billion, compared with a segment loss of ¥16 million in the same period of the previous year.」
Demand turned from a decline to an increase in Asia, led by China, for automotive and industrial equipment applications, and the capacitor business also improved from a segment loss in the same period of the previous year to a profit. - FY2022-Q1MitigatedAnnual report
「Due in part to increased demand for automotive and industrial machinery-related products, primarily in China and other parts of Asia, net sales were ¥32,199 million, up 41.9% year on year, while segment profit was ¥1,712 million, compared with a segment loss of ¥422 million in the same period of the previous year.」
In contrast to the continuing decline in demand for automotive and industrial equipment applications in Asia, led by China, demand turned higher during the quarter, and the capacitor business also improved from a segment loss in the same period of the previous year to a profit. - FY2021RestatedAnnual report
「Although demand increased in communications-related markets, including data center servers, demand in industrial equipment-related markets remained sluggish due mainly to restrained capital investment resulting from lower corporate earnings. Revenue was ¥106.122 billion, down 2.7% year on year, while segment profit was ¥2.525 billion, compared with a segment loss of ¥3.519 billion in the previous fiscal year, due to thorough cost reductions, including productivity improvements from structural reforms and lower operating expenses.」
The company reiterated the market environment in which increased communications-related demand coexisted with weak industrial equipment-related demand. Cost reductions from structural reforms improved the capacitor business from a loss in the previous year to a profit. - FY2021-Q3Increased Communications Demand Coexisted with Weak Industrial Equipment DemandAnnual report
「Although demand increased in communications-related markets, including for data-center servers, demand in industrial machinery-related markets remained sluggish due in part to restrained capital investment amid declining corporate earnings. As a result, net sales were ¥76,532 million, down 5.8% year on year, while segment profit was ¥1,089 million, compared with a segment loss of ¥2,507 million in the same period of the previous year, reflecting thorough cost reductions through productivity improvements from advancing structural reforms and reductions in various expenses.」
The company reported increased demand for communications-related products, including data center servers, in addition to the previous decline in demand for automotive and industrial equipment applications in China and Asia. Meanwhile, demand for industrial equipment remained weak due to restrained capital investment. - FY2021-Q2RestatedAnnual report
「Due mainly to lower demand for automotive and industrial equipment applications in Asia, led by China, revenue was ¥49.851 billion, down 8.7% year on year, and the segment reported a loss of ¥16 million, compared with a segment loss of ¥2.025 billion in the same period of the previous year.」
Demand for automotive and industrial equipment applications continued to decline in Asia, led by China, while the capacitor business improved from a segment loss of ¥2.025 billion in the same period of the previous year to a loss of ¥16 million. - FY2021-Q1RestatedAnnual report
「Due mainly to lower demand for automotive and industrial equipment applications in Asia, led by China, revenue was ¥22.697 billion, down 16.1% year on year, and the segment reported a loss of ¥422 million, compared with a segment loss of ¥1.134 billion in the same period of the previous year.」
Continued lower demand for automotive and industrial equipment applications in Asia, led by China, resulted in lower revenue and a segment loss in the capacitor business. - FY2020-Q3RestatedAnnual report
「Due mainly to lower demand for automotive and industrial equipment applications in Asia, led by China, revenue was ¥81.275 billion, down 20.1% year on year, and the segment reported a loss of ¥2.507 billion, compared with segment profit of ¥3.621 billion in the same period of the previous year.」
The company reported that continued lower demand for automotive and industrial equipment applications in Asia, led by China, caused the capacitor business to turn from segment profit in the same period of the previous year to a loss. - FY2020-Q2RestatedAnnual report
「Due mainly to continued lower demand for household appliances and industrial equipment in Asia, led by China, revenue was ¥54.577 billion, down 20.1% year on year, and the segment reported a loss of ¥2.025 billion, compared with segment profit of ¥2.667 billion in the same period of the previous year.」
Demand for household appliances and industrial equipment continued to decline in Asia, led by China, causing the capacitor business to turn from segment profit in the same period of the previous year to a segment loss. - FY2020-Q1WorsenedAnnual report
「Due mainly to lower demand for household appliances and industrial equipment in Asia, led by China, revenue was ¥27.038 billion, down 21.0% year on year, and the segment reported a loss of ¥1.134 billion, compared with segment profit of ¥1.541 billion in the same period of the previous year.」
After demand for household appliances and automotive applications had increased through the previous period, demand for household appliances and industrial equipment declined in Asia, led by China, during the quarter, resulting in lower revenue and a segment loss in the capacitor business. - FY2019-Q3WorsenedAnnual report
「Regarding the market environment surrounding the Group, investment in production equipment in the industrial equipment market was restrained and demand in the household appliance market remained sluggish due to the impact of US-China trade friction. The automotive-related market, however, remained generally firm.」
Compared with the increases in demand for household appliances and automotive applications in China and Asia through the previous quarter, the company reported that US-China trade friction had restrained capital investment in the industrial equipment market and caused sluggish demand for household appliances. The automotive-related market remained firm. - FY2019-Q2RestatedAnnual report
「Due mainly to increased demand for household appliances and automotive applications in Asia, led by China, revenue was ¥68.306 billion, up 12.8% year on year, and segment profit was ¥2.667 billion, up 13.3%.」
Increased demand for household appliances and automotive applications in Asia, led by China, continued, resulting in higher revenue and segment profit in the capacitor business. - FY2019-Q1RestatedAnnual report
「Due mainly to increased demand for household appliances and automotive applications in Asia, led by China, revenue was ¥34.229 billion, up 14.9% year on year, and segment profit was ¥1.541 billion, up 32.3%.」
Increased demand for household appliances and automotive applications in Asia, led by China, continued, resulting in higher revenue and segment profit in the capacitor business. - FY2018RestatedAnnual report
「Due mainly to increased demand for household appliances and automotive applications in Asia, led by China, revenue was ¥127.721 billion, up 14.5% year on year. Segment profit was ¥5.229 billion, up 61.3%, reflecting improved operating rates at production sites and the effects of cost reductions.」
The previous decline in demand has reversed, with increased demand for household appliances and automotive applications in Asia, led by China, continuing to drive higher revenue and segment profit. - FY2018-Q3RestatedAnnual report
「Due mainly to increased demand for household appliances and automotive applications in Asia, led by China, revenue was ¥93.918 billion, up 13.7% year on year, and segment profit was ¥3.661 billion, up 99.1%.」
As in the previous quarter, increased demand for household appliances and automotive applications in Asia, led by China, resulted in higher revenue and segment profit in the capacitor business. - FY2018-Q2RestatedAnnual report
「Due mainly to increased demand for household appliances and automotive applications in Asia, led by China, revenue was ¥60.548 billion, up 10.3% year on year, and segment profit was ¥2.354 billion, up 424.9%.」
Increased demand for household appliances and automotive applications in Asia, led by China, continued, resulting in higher revenue and segment profit in the capacitor business. - FY2018-Q1MitigatedAnnual report
「Meanwhile, signs of an economic recovery were seen in Asia, including China. Due mainly to increased demand for household appliances and automotive applications in Asia, led by China, revenue was ¥29.791 billion, up 8.6% year on year, and segment profit was ¥1.165 billion, up 245.8%.」
Compared with the decline in demand in Asia, led by China, reported through the previous period, the company indicated an economic recovery and increased demand for household appliances and automotive applications. Revenue and segment profit in the capacitor business also exceeded the same period of the previous year. - FY2017-Q3RestatedAnnual report
「Due mainly to a decline in demand for inverters and industrial equipment in Asia, led by China, revenue was ¥82.636 billion, down 3.4% year on year, and segment profit was ¥1.839 billion, down 15.6%.」
The decline in demand for inverters and industrial equipment in Asia, led by China, continued to appear as lower revenue and segment profit in the capacitor business. - FY2017-Q2RestatedAnnual report
「Due mainly to a decline in demand for inverters and industrial equipment in Asia, led by China, revenue was ¥54.877 billion, down 5.9% year on year, and segment profit was ¥448 million, down 80.7%.」
The decline in demand for inverters and industrial equipment in Asia, led by China, continued to weigh on revenue and segment profit in the capacitor business. - FY2017-Q1First statedAnnual report
「Due mainly to a decline in demand for inverters and industrial equipment in Asia, led by China, revenue was ¥27.433 billion, down 4.9% year on year, and segment profit was ¥336 million, down 77.2%.」
Demand for inverters and industrial equipment actually declined in Asia, led by China, resulting in lower revenue and segment profit in the capacitor business than in the same period of the previous year.