Dependence on capital investment trends among FPD manufacturers
First written in FY2016. 14 of 36 entries say "Restated". Latest entry: 2026-08-07.
Kubotek moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 8 of 19 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- 2026-08-07MaterialisedOccurring Fact
「For image-processing visual inspection equipment, sales fell substantially below the same period of the previous year because the order backlog at the end of the previous consolidated fiscal year was extremely low and new orders were also sluggish.」
Dependence on capital investment by specific markets and customers and on order trends appeared in the low order backlog, sluggish new orders and decline in sales. - FY2026MaterialisedAnnual report
「As a result, order backlog at the end of the current consolidated fiscal year declined substantially, down 96.6% from the end of the previous consolidated fiscal year, creating a challenging situation for securing earnings in the next fiscal year.」
Dependence on capital investment and order trends among FPD manufacturers was reflected in actual performance and order conditions through sluggish orders for new equipment and a 96.6% decline in order backlog. - 2026-05-15MaterialisedOccurring Fact
「For image-processing visual inspection equipment, sales remained at a certain level, mainly from existing projects, but orders for new equipment continued to be sluggish. As a result, the order backlog at the end of the consolidated fiscal year fell sharply, down 96.6% from the end of the previous consolidated fiscal year, leaving the company in a difficult position to secure earnings in the next fiscal year.」
The risk arising from dependence on capital investment and order trends appeared in actual performance and order conditions as sluggish orders for new equipment and a 96.6% decline in the order backlog. - FY2026-H1MaterialisedAnnual report
「Sales of image-processing visual inspection equipment remained solid, but orders for new equipment were extremely sluggish, and order backlog at the end of the current interim consolidated accounting period declined substantially, falling 46.9% year on year.」
The risk arising from dependence on customers’ capital investment and order trends was reflected in actual performance and order conditions through sluggish orders for new equipment and a 46.9% year-on-year decline in order backlog. - FY2025RestatedAnnual report
「The performance of the inspection machine systems business depends heavily on capital investment by FPD manufacturers, and the customers to which the Group sells vary significantly from period to period because the timing of capital investment differs among manufacturers.」
The company continues to describe the risk that the inspection machine systems business depends on the timing of capital investment by FPD manufacturers and that its customers vary from period to period. - FY2025-H1RestatedAnnual report
「Because performance was unavoidably subject to fluctuations resulting from capital investment by, and order trends among, specific markets and customers, events or circumstances existed at the end of the previous consolidated fiscal year that raised substantial doubt about the Group’s ability to continue as a going concern. During the current interim consolidated accounting period, the Group was able to record operating profit of ¥158 million, but it recorded negative operating cash flow, and it was necessary to carefully assess the extent of the recovery in performance」
Although the delivery of large projects progressed and the Group recorded operating profit, the structure of dependence on capital investment and order trends in specific markets and among specific customers did not change, and operating cash flow was negative. The dependence risk continues to be described as a factor that could affect performance. - FY2024MaterialisedAnnual report
「Orders for image-processing visual inspection equipment were generally solid, but although orders and production increased, it took time for them to contribute to sales because of delivery schedules.」
The impact of delivery schedules related to dependence on capital investment and order trends was reflected in results. Orders and production increased, but it took time for sales to be recognized. Japan’s order backlog was ¥1,670 million, an increase of 40.0% from the previous fiscal year. - FY2024-Q3RestatedAnnual report
「Because performance was unavoidably subject to fluctuations resulting from capital investment by, and order trends among, specific markets and customers, events or circumstances existed at the end of the previous consolidated fiscal year that raised substantial doubt about the Group’s ability to continue as a going concern.」
Although some business partners showed signs of moving toward investment, the structure of dependence on capital investment and order trends in specific markets and among specific customers, and the resulting risk of performance fluctuations, continues. - FY2024-Q2RestatedAnnual report
「Because performance was unavoidably subject to fluctuations resulting from capital investment by, and order trends among, specific markets and customers, events or circumstances existed at the end of the previous consolidated fiscal year that raised substantial doubt about the Group’s ability to continue as a going concern.」
Although some business partners showed signs of moving toward investment, the structure of dependence on capital investment and order trends in specific markets and among specific customers, and the resulting risk of performance fluctuations, continues. - FY2024-Q1RestatedAnnual report
「Some of the company’s business partners showed signs of capital investment.」
Although some business partners showed signs of capital investment, no material changes are described in the underlying structure whereby the inspection machine systems business depends on capital investment and order trends in specific markets and among specific customers. - FY2023-Q3RestatedAnnual report
「Because performance is unavoidably subject to fluctuations resulting from capital investment by, and order trends among, specific markets and customers, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern.」
The company continues to describe the risk that performance fluctuates because of dependence on capital investment by, and order trends among, specific markets and customers. - FY2023-Q2RestatedAnnual report
「Because performance is unavoidably subject to fluctuations resulting from capital investment by, and order trends among, specific markets and customers, events or circumstances existed that raised substantial doubt about the Group’s ability to continue as a going concern.」
The company continues to describe the risk of performance fluctuations resulting from dependence on capital investment by, and order trends among, specific markets and customers. It explicitly states that there have been no material changes to its business and other risks. - FY2023-Q1RestatedAnnual report
「Because performance is unavoidably subject to fluctuations resulting from capital investment by, and order trends among, specific markets and customers, events or circumstances existed that raised substantial doubt about the Group’s ability to continue as a going concern.」
The company continues to describe the risk that performance fluctuates because of dependence on capital investment by, and order trends among, specific markets and customers. It explicitly states that there have been no material changes to its business and other risks. - FY2022RestatedAnnual report
「The performance of the inspection machine systems business depends heavily on capital investment by FPD manufacturers, and the customers to which the Group sells vary significantly from period to period because the timing of capital investment differs among manufacturers.」
The company continues to describe the risk that the inspection machine systems business depends on capital investment by FPD manufacturers and that its customer base varies from period to period. - FY2022-Q3WorsenedAnnual report
「Because performance is unavoidably subject to fluctuations resulting from capital investment by, and order trends among, specific markets and customers, events or circumstances existed that raised substantial doubt about the Group’s ability to continue as a going concern.」
As dependence on capital investment and orders from specific markets and customers continues, the recovery in capital investment by FPD manufacturers has stalled and the challenging order environment continues. The external conditions surrounding the dependence risk have deteriorated from the previous quarter. - FY2022-Q2Partial recovery, but dependence risk continues to materializeAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers was gradually recovering in some areas, but the challenging order environment continued.」
The risk arising from dependence on capital investment by FPD manufacturers continues to be reflected in the business as a challenging order environment. At the same time, the company describes signs of a gradual recovery in some areas. - FY2022-Q1Partial recovery, but dependence risk continues to materializeAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers showed some signs of recovery, but the challenging order environment continued.」
The risk arising from dependence on capital investment by FPD manufacturers continues to be reflected in the actual business environment as a challenging order environment. At the same time, the company describes signs of a partial recovery. - FY2021WorsenedAnnual report
「Amid these conditions, the Group focused on securing orders while emphasizing quality and profitability, but sales declined substantially due to such factors as sluggish investment demand resulting from the COVID-19 pandemic.」
Under a business structure dependent on capital investment by FPD manufacturers, sales fell 42.9% from the previous fiscal year and order backlog was ¥122 million. The impact of this dependence risk was reflected in a substantial decline in sales and an increased operating loss. - FY2021-Q3MaterialisedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers proceeded cautiously, and the challenging order environment continued.」
Dependence on capital investment by FPD manufacturers continued to be reflected in actual performance as a challenging order environment, and Group sales fell 52.6% year on year. - FY2021-Q2MaterialisedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers remained sluggish, and the challenging order environment continued.」
The challenging order environment resulting from dependence on capital investment by FPD manufacturers continued, and Group sales fell 68.4% year on year. - FY2021-Q1MaterialisedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers remained sluggish, and the challenging order environment continued.」
Dependence on capital investment by FPD manufacturers continued to be reflected in actual performance as a challenging order environment, and sales fell 56.7% year on year. - FY2020MaterialisedAnnual report
「The inspection machine systems business, the Group’s principal business, accounted for 62.8% of net sales in the current consolidated fiscal year and has a significant impact on the Group’s performance. The FPD manufacturers that are currently the business’s main customers are concentrated among major manufacturers in Japan, South Korea, Taiwan and China, and the performance of the inspection machine systems business depends heavily on their capital investment」
The inspection machine systems business accounted for 62.8% of sales, and dependence on capital investment by major customers continues. Due in part to reduced capital investment by major customers, order backlog fell 88.1% from the end of the previous fiscal year, demonstrating the impact of this dependence risk on performance during the current fiscal year. - FY2020-Q3MaterialisedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, FPD manufacturers' cautious stance on capital investment remained entrenched, and the challenging order environment continued.」
The challenging order environment resulting from dependence on capital investment by FPD manufacturers continued. Although the Group secured operating profit overall, the impact of capital investment trends was reflected in the performance of individual businesses, including the decline in sales and shift to a loss in the South Korea segment. - FY2020-Q2MaterialisedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, FPD manufacturers' cautious stance on capital investment intensified, and the challenging order environment continued.」
The deterioration in the order environment resulting from dependence on capital investment by FPD manufacturers continued, and the risk was reflected in the business environment during the current fiscal year. - FY2020-Q1MaterialisedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, capital investment by FPD manufacturers became cautious, and the challenging order environment continued.」
A challenging order environment resulting from dependence on capital investment by FPD manufacturers continued, and Group sales fell 4.4% year on year. The impact of this dependence risk continues to be reflected in performance. - FY2019-Q3MaterialisedAnnual report
「Sales of the image-processing visual inspection equipment, the company’s core product, declined substantially due to the impact of the timing of capital investment by major customers.」
Dependence on the timing of capital investment by major customers continued to be reflected in actual performance, and sales of image-processing visual inspection equipment declined substantially. Sales in the Japan segment fell 57.6% year on year, and the segment recorded a loss of ¥354 million. - FY2019-Q2MaterialisedAnnual report
「Although inquiries for the image-processing visual inspection equipment, the company’s core product, remained solid, sales declined substantially due to the impact of the timing of capital investment by major customers.」
Dependence on the timing of capital investment by major customers, primarily FPD manufacturers, was reflected in actual performance, and sales of image-processing visual inspection equipment declined substantially. Sales in the Japan segment fell 61.4% year on year, and the segment recorded a loss of ¥284 million. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company explicitly states that there have been no material changes to its business and other risks. Although some FPD manufacturers have taken a cautious approach to capital investment, no new changes are described in the risk arising from dependence on orders for the inspection machine systems business and capital investment trends. - FY2018WorsenedAnnual report
「The inspection machine systems business, the Group’s principal business, accounted for 80.1% of net sales in the current consolidated fiscal year and has a significant impact on the Group’s performance. The performance of the inspection machine systems business depends heavily on capital investment by FPD manufacturers, and the customers to which the Group sells vary significantly from period to period because the timing of capital investment differs among manufacturers.」
The inspection machine systems business accounted for a high 80.1% of sales, and dependence on capital investment by FPD manufacturers continues. The company also describes the possibility of higher development costs due to postponed equipment installations, specification changes and higher required performance levels. The dependence ratio has increased from 69.9% previously. - FY2018-Q3RestatedAnnual report
「During the nine-month period of the current fiscal year, there were no occurrences of matters among those concerning the business and accounting conditions described in this quarterly report that could materially affect investors’ decisions, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year. However, the Group has recorded operating losses, ordinary losses and net losses attributable to owners of the parent on a continuing basis in the past, and its results fluctuate significantly because they depend on trends in orders for its principal business, the inspection machine systems business. Accordingly, events or circumstances exist that raise substantial doubt about the Group’s ability to continue as a going concern,」
The company states that there have been no material changes to its business and other risks, while continuing to describe its dependence on orders for the inspection machine systems business and the resulting volatility in performance. - FY2018-Q2RestatedAnnual report
「The Group has recorded recurring operating losses, ordinary losses and net losses attributable to owners of the parent, and its performance fluctuates significantly because it depends on order trends in its main inspection systems business. Events or circumstances exist that raise substantial doubt about the going-concern assumption, but」
The company states that there have been no material changes in business and other risks, while continuing to describe its dependence on order trends in the inspection systems business and the significant fluctuations in its performance. - FY2018-Q1WorsenedAnnual report
「The Group has recorded recurring operating losses, ordinary losses and net losses attributable to owners of the parent, and its performance fluctuates significantly because it depends on order trends in its main inspection systems business. Events or circumstances exist that raise substantial doubt about the going-concern assumption, but in order to resolve these events and circumstances,」
The company again describes its dependence on order trends in the inspection systems business and the significant fluctuations in its performance. During the quarter, revenue fell 53.8% year on year to an operating loss of ¥106 million, compared with an operating profit in the same quarter of the previous year. - FY2017-Q3RestatedAnnual report
「Although the Group secured positive operating cash flow in the previous consolidated fiscal year, it recorded an operating loss, an ordinary loss and a net loss attributable to owners of the parent.」
The company continues to explain that, although capital investment by FPD manufacturers shows signs of recovery in some areas, uncertainty has increased as the global economy slows. It explicitly states that there have been no material changes in the risks. - FY2017-Q2RestatedAnnual report
「In the inspection systems business, the Group's main business, capital investment by its principal customers, flat-panel display manufacturers, showed signs of recovery in some areas, supported by demand for smartphones and other applications, but uncertainty increased as the global economy slowed.」
While demand for smartphones has supported some recovery, uncertainty surrounding capital investment due to the slowdown in the global economy continues. No material changes in the risks are indicated. - FY2017-Q1WorsenedAnnual report
「In the inspection systems business, the Group's main business, capital investment by its principal customers, flat-panel display manufacturers, showed signs of recovery in some areas, supported by demand for smartphones and other applications, but uncertainty increased as the global economy slowed.」
The company states that capital investment showed signs of recovery in some areas, supported by demand for smartphones, while uncertainty surrounding capital investment increased as the global economy slowed. - FY2016First statedAnnual report
「The inspection systems business, the Group's main business, accounted for 69.9% of revenue in the consolidated fiscal year and has a significant impact on the Group's performance. The performance of the inspection systems business depends heavily on capital investment by FPD manufacturers」
The company states that the inspection systems business accounted for 69.9% of the Group's revenue and explains its dependence on capital investment by FPD manufacturers. During the fiscal year, the main products reported lower revenue as capital investment became more cautious.