Construction delays caused by longer procurement lead times for electronic components and materials
First written in FY2023-Q1. 3 of 7 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2026: 9 of 23 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The prolonged supply lead times for parts and materials and rising raw material prices have eased, and their impact on the Company's performance is also trending downward.」
The disclosure regarding longer lead times for electronic components and materials has shifted from their impact on shipment and construction delays through the previous fiscal year to normalising supply and a declining impact on performance. - FY2024-Q3RestatedAnnual report
「Revenue increased substantially, as manufacturing of motor control panels, distribution boards, switchboards and other equipment, mainly switchboards for high-rise buildings affected by longer lead times for electronic components and materials in the same period of the previous year, as well as maintenance, repair and renewal work for mechanical parking systems, recovered. Manufacturing and rental of construction elevators, and the design and installation of air-conditioning, water supply and drainage, and sanitary systems also generally progressed smoothly. In addition, revenue from 松栄電機㈱, acquired in August 2022, contributed to the increase.」
The performance of the construction-related segment recovered as switchboard manufacturing and maintenance and renewal work for mechanical parking systems, which had been affected by longer lead times for electronic components and materials in the same period of the previous year, recovered. - FY2024-Q2MitigatedAnnual report
「Revenue increased substantially, as manufacture of power control panels, distribution boards, switchboards and other products, mainly switchboards for high-rise buildings, which had been affected by longer lead times for electronic components and materials in the same period of the previous year, recovered, renovation work for mechanical parking systems rebounded, and design and construction of air-conditioning, water supply and drainage, and sanitation facilities grew. Revenue from 松栄電機㈱, acquired through M&A in August of the previous year, also contributed.」
Manufacture of switchboards and renovation work for mechanical parking systems, both of which had been affected by longer lead times for electronic components and materials in the same period of the previous year, recovered. Revenue in the construction-related segment increased from ¥2,405 million to ¥3,639 million, while the operating loss narrowed from ¥465 million to ¥291 million. - FY2024-Q1MitigatedAnnual report
「Revenue increased substantially, as manufacture of power control panels, distribution boards, switchboards and other products, mainly switchboards for high-rise buildings, which had been affected by longer lead times for electronic components and materials in the same period of the previous year, recovered, renovation work for mechanical parking systems rebounded, and design and construction of air-conditioning, water supply and drainage, and sanitation facilities grew. Revenue from 松栄電機㈱, acquired through M&A in August of the previous year, also contributed.」
Manufacture of switchboards and renovation work for mechanical parking systems, both of which had declined in the same period of the previous year due to longer lead times for electronic components and materials, recovered. Revenue in the construction-related segment increased from ¥994 million to ¥1,530 million. - FY2023-Q3WorsenedAnnual report
「Since autumn 2021, lead times for sourcing electronic components and materials used in the Company's products have lengthened and prices have continued to rise. In particular, in the manufacture of electrical machinery and equipment, mainly switchboards for high-rise buildings, and electrical construction work, shipment delays have occurred due to shortages of electronic components such as inverters. Delays have also occurred in renovation and repair work for mechanical parking systems. Although the manufacture and rental of construction elevators and air-conditioning, sanitation, and water supply and drainage equipment remained firm, they were insufficient to offset the decline in revenue. As a result, the operating rate of the switchboard manufacturing plant declined, and the operating loss widened.」
Shipment delays for switchboards and other products and construction delays for mechanical parking systems due to shortages of electronic components continued, resulting in a lower operating rate at the switchboard manufacturing plant and a wider operating loss in the construction-related segment. - FY2023-Q2WorsenedAnnual report
「Since autumn 2021, lead times for sourcing electronic components and materials used in the Company's products have lengthened and prices have continued to rise. In particular, in the manufacture of electrical machinery and equipment, mainly switchboards for high-rise buildings, and electrical construction work, shipment delays have occurred due to shortages of electronic components such as inverters and programmable controllers. Delays also occurred in renovation and repair work for mechanical parking systems, resulting in a substantial decline in revenue.」
The impact of shortages of electronic components spread to shipment delays for switchboards and other products and construction delays for mechanical parking systems, and was recorded as a substantial decline in revenue. - FY2023-Q1First statedAnnual report
「Since autumn 2021, lead times for sourcing electronic components and materials used in the Company's products have lengthened and prices have continued to rise. The impact has been particularly significant on the manufacture of electrical machinery and equipment, mainly switchboards for high-rise buildings, and electrical construction work. In addition, delays occurred in renovation and repair work for mechanical parking systems, resulting in lower revenue.」
Longer lead times for electronic components and materials affected the manufacture and electrical construction of switchboards for high-rise buildings and other facilities, as well as repair work for mechanical parking systems, resulting in actual construction delays and lower revenue.