Komori
Musashi (7521) · RiskWorsened

Declining demand for printing materials

First written in FY2017-Q2. 10 of 22 entries say "Worsened", first in FY2017. Latest entry: FY2026-H1.

22entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2022-Q2 – FY20222016: 12017: 420172018: 320182019: 220192020: 420202021: 220212022: 120222023: 120232024: 220242025: 22025
Same theme, other companies
Weakness in Materials and Equipment for Printing and Plate-MakingA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Musashi moved to the "Worse" side of this theme in 2023.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1WorsenedAnnual report

    「Printing systems equipment remained sluggish, as sales of printing materials were weak and equipment sales also struggled due to weak demand.」

    The decline in printing materials sales due to lower demand has continued, following sluggish performance in the previous full fiscal year and the previous interim period.
  2. FY2025RestatedAnnual report

    「Printing systems equipment was generally steady, as sales of multifunction inkjet printers and digital die cutters grew, although sales of printing materials remained sluggish due to the impact of lower demand.」

    Sales of printing materials continued to be described as sluggish due to the impact of declining demand, following the previous full fiscal year and the current interim period.
  3. FY2025-H1SoftenedAnnual report

    「Printing systems equipment was sluggish overall, as sales of printing materials were somewhat weak and equipment sales also declined due to weak demand.」

    Sales of printing materials have remained sluggish, but the description has changed from “sluggish due to the impact of declining demand” for the previous full fiscal year to “slightly sluggish” for the current interim period.
  4. FY2024WorsenedAnnual report

    「Printing equipment sales remained generally steady, supported by growth in sales of POD equipment and multifunctional inkjet printers, but printing materials sales remained sluggish due to the impact of declining demand.」

    Printing materials changed from being generally steady in the previous fiscal year to being sluggish in the current fiscal year due to the impact of declining demand.
  5. FY2024-Q2WorsenedAnnual report

    「Printing systems equipment was generally steady, as sales of POD equipment and specialty printers grew, although sales of printing materials remained sluggish.」

    Sales of printing materials changed from being generally steady in the previous fiscal year to being sluggish in the current quarter.
  6. FY2022MitigatedAnnual report

    「Printing Systems and Equipment reported generally steady sales of printing materials, but printing equipment sales were affected by restrained capital investment amid concerns about another resurgence of infectious diseases.」

    Printing materials, whose sales had declined in the previous fiscal year, were described as generally steady in the current fiscal year, indicating that the impact of declining demand had eased. Meanwhile, printing equipment sales continued to be affected by restrained capital investment.
  7. FY2022-Q2MitigatedAnnual report

    「In printing systems and equipment, sales of printing materials were broadly on track, but sales of printing equipment, including CTP and POD equipment, declined.」

    The description of printing materials sales changed from weak through the previous quarter to generally steady in the current quarter, indicating that the impact of declining demand for printing materials had eased.
  8. FY2021WorsenedAnnual report

    「Printing Systems and Equipment saw a decline in demand for commercial printed matter due to the cancellation of various events and requests for stores to suspend operations, resulting in lower sales of printing materials.」

    Demand for commercial printed matter declined due to event cancellations and requests for stores to suspend operations associated with COVID-19, and a decline in printing materials sales was also confirmed for the full year.
  9. FY2021-Q2RestatedAnnual report

    「Printing Systems and Equipment saw a decline in demand for commercial printed matter due to the cancellation of various events and requests for stores to suspend operations, resulting in lower sales of printing materials.」

    The decline in demand for commercial printed matter associated with the spread of COVID-19 and the resulting decline in printing materials sales continued to be reported from the previous quarter.
  10. FY2021-Q1WorsenedAnnual report

    「Printing Systems and Equipment saw a significant decline in demand for commercial printed matter due to the cancellation of various events and requests for stores to suspend operations, resulting in lower sales of printing materials.」

    The significant decline in demand for commercial printed matter associated with the spread of COVID-19 materialized as a decline in printing materials sales.
  11. FY2020WorsenedAnnual report

    「Sales of printing materials, core printing equipment such as CTP and POD systems, and laser processing machines all fell below the previous year's level.」

    Sales of printing materials fell below the previous year's results due to the long-term contraction in demand for printing materials and the loss of demand for printed matter caused by the spread of COVID-19 at the end of the fiscal year.
  12. FY2020-Q3MitigatedAnnual report

    「In printing systems and equipment, sales of printing materials were broadly on track, while sales of printing equipment such as CTP and POD systems remained slightly sluggish.」

    Sales of printing materials, which were described as sluggish in the previous quarter, became generally steady in the current quarter.
  13. FY2020-Q1MitigatedAnnual report

    「In printing systems and equipment, sales of printing materials were broadly on track, but equipment sales were affected by delays in business negotiations.」

    Sales of printing materials, which were described as sluggish in the previous quarter, became generally steady in the current quarter.
  14. FY2019-Q3RestatedAnnual report

    「In printing systems and equipment, sales of printing materials remained sluggish, while equipment sales declined due to weak demand. Profitability also declined amid the challenging market environment.」

    Weak sales of printing materials and lower profitability due to sluggish demand and difficult market conditions have continued.
  15. FY2019-Q2WorsenedAnnual report

    「In printing systems and equipment, sales of printing materials remained sluggish, while equipment sales declined due to weak demand. Profitability also declined amid the challenging market environment.」

    Sales of printing materials, which had been described as sluggish in the previous quarter, became weak, and the impact of sluggish demand and difficult market conditions on sales and profitability was again explicitly stated.
  16. FY2019-Q1MitigatedAnnual report

    「Printing Systems and Equipment reported generally steady sales of printing materials, but equipment sales declined, partly due to delays in business negotiations.」

    Printing materials, for which sales declines caused by lower demand had been reported through the previous period, were described as generally steady in the current quarter.
  17. FY2018WorsenedAnnual report

    「In printing systems and equipment, sales of equipment in the post-press finishing field, including laser processing machines, achieved a certain level of success. However, sales of core printing equipment such as CTP systems and printing materials fell more than expected and below the previous year's level due to lower printing demand, lower selling prices and the emergence of online printing services. Profitability declined significantly as sales of core equipment remained sluggish.」

    Sales of printing materials declined more than expected together with printing equipment, and profitability also declined as sales of core equipment remained sluggish.
  18. FY2018-Q2WorsenedAnnual report

    「Printing Systems and Equipment saw declines in both printing equipment and materials sales due to weaker-than-expected printing demand, lower selling prices and intensifying competition.」

    The description of printing materials has changed from sales being generally steady in the previous quarter to sales declining along with printing equipment.
  19. FY2018-Q1MitigatedAnnual report

    「In printing systems and equipment, sales of printing materials were broadly on track, but sales of printing equipment, including CTP and POD equipment, declined.」

    The description of printing materials has changed from a sales decline caused by lower demand through the previous period to sales being generally steady in the current quarter.
  20. FY2017WorsenedAnnual report

    「In printing systems and equipment, sales of CTP equipment, POD equipment and printing materials all fell below the previous year's level due to weak printing demand, lower selling prices and intensifying competition, while profitability also declined.」

    The full-year report explicitly states that printing materials fell below the previous year's results against a backdrop of sluggish demand and other factors, and also describes lower profitability.
  21. FY2017-Q3RestatedAnnual report

    「In printing systems and equipment, sales of equipment such as print-on-demand equipment and post-press finishing equipment were broadly on track, although sales of printing materials declined slightly due to lower demand.」

    The statement that sales of printing materials declined due to weaker demand has continued.
  22. FY2017-Q2First statedAnnual report

    「In printing systems and equipment, sales of equipment such as print-on-demand equipment and post-press finishing equipment were broadly on track, but sales of printing materials declined due to lower demand.」

    For printing materials, which are distinct from printing equipment sales, declining demand has materialized as a decline in sales.
Moved together

"Year-on-year increases in revenue and profit" moved the same way as this thread, in the same document, in 14 of its 22 moves.

14101010109★123456
  1. ★This thread
  2. 1Year-on-year increases in revenue and profit14×
  3. 2Declining Demand for Printing Equipment Such as CTP and POD10×
  4. 3Uncertainty over the Outlook Due to a Slowdown in Emerging Economies, the UK's Withdrawal from the EU, and a Stronger Yen10×
  5. 4Loss recorded in the General Financial and Election Systems Equipment segment10×
  6. 5Loss recorded by the paper and paper products segment10×
  7. 6Growing Orders for the Document Digitization Business9×

★ 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.

When this could move next
Musashi's next results are scheduled for 2026-11-10. Read the earnings preview
News
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