Dependence on the Projector Market and Optical Business
First written in FY2016. 13 of 37 entries say "Worsened", first in FY2020-Q1. Latest entry: 2026-08-07.
No other company in this theme has enough history to compare yet.
- 2026-08-07RestatedEarnings
「During the first quarter of the current consolidated fiscal year, projector demand remained sluggish worldwide, with business applications continuing to contract.」
The global weakness in projector demand and the contraction in business applications continued. Meanwhile, sales volumes of fly-eye lenses increased, while reflector volumes were flat. - FY2026WorsenedAnnual report
「The Group's main reportable segment is the optical business, which accounted for 44% of consolidated revenue for the fiscal year ended March 2026. The optical business manufactures and sells projector mirrors and fly-eye lenses installed inside projectors, among other products.」
The optical business's share of revenue rose from 43% in the previous fiscal year to 44%. Projector demand remained weak worldwide, and sales volumes of mirrors and fly-eye lenses also declined. - FY2025MaterialisedAnnual report
「Projector demand remained weak worldwide, particularly in China, and the Group's fly-eye lens revenue declined. Mirror revenue, however, increased due in part to a declining number of suppliers and reduction in their supply capacity.」
Amid continued weakness in projector demand worldwide, fly-eye lens revenue declined, while mirror revenue increased due in part to a declining number of suppliers and reduced supply capacity. The dependence risk is reflected differently in performance by product. - FY2025-H1Weak demand and diverging product performanceAnnual report
「During the interim consolidated accounting period, projector demand was weak worldwide, including in China, Europe and the United States, and the Group's revenue from projector mirrors declined. By contrast, fly-eye lens revenue increased as higher-priced products accounted for a larger share of the sales mix and normalization of parts inventory levels at projector manufacturers had largely run its course.」
Projector demand was described as weak worldwide. While mirror revenue declined, fly-eye lens revenue increased due to a higher proportion of higher-priced products and the completion of the normalization of parts inventory levels. The risk of dependence on the optical business is emerging differently by product. - FY2024MitigatedAnnual report
「The Group's main reportable segment is the optical business, which accounted for 43% of consolidated revenue for the fiscal year ended March 2024.」
The optical business's share of revenue fell from 47% in the previous fiscal year to 43%. Dependence on the optical business remains, but revenue concentration has declined. - FY2024-Q3WorsenedAnnual report
「During the cumulative third quarter of the consolidated fiscal period, projector manufacturers continued to normalize parts inventory levels following the resolution of global logistics disruptions and the end of China's zero-COVID policy. Although this process had largely run its course, projector demand weakened, mainly in the Chinese market, and the Group's sales of projector mirrors and fly-eye lenses declined.」
While the normalization of parts inventory levels had largely run its course, weaker projector demand, mainly in the Chinese market, led to lower sales of mirrors and fly-eye lenses. The risk of dependence on the optical business continues to emerge in the form of lower sales. - FY2024-Q2WorsenedAnnual report
「During the cumulative second quarter of the consolidated fiscal period, projector demand weakened for home and office use, among other applications. As projector manufacturers continued to normalize parts inventory levels following the resolution of global logistics disruptions and the end of China's zero-COVID policy, the Group's sales of projector mirrors and fly-eye lenses declined.」
Projector demand weakened for home and office use, among other applications, and the continued normalization of parts inventory levels led to lower sales of major optical products. The risk of dependence on the optical business has again emerged in the form of lower sales. - FY2024-Q1WorsenedAnnual report
「During the cumulative first quarter of the consolidated fiscal period, projector demand remained firm, mainly for education. However, as projector manufacturers continued to normalize parts inventory levels following the resolution of global logistics disruptions and the end of China's zero-COVID policy, the Group's sales of projector mirrors and fly-eye lenses declined. Projector mirror sales volume fell 12.3% year on year, while revenue fell 17.6%. Fly-eye lens sales volume fell 29.6% year on year, while revenue fell 37.6%.」
Projector demand itself remained firm, mainly for education, but sales volumes and revenue for both mirrors and fly-eye lenses fell as parts inventory levels normalized following the resolution of logistics disruptions. The risk of dependence on the optical business has re-emerged in the form of lower revenue by product. - FY2023WorsenedAnnual report
「The Group's main reportable segment is the optical business, which accounted for 47% of consolidated revenue for the fiscal year ended March 2023.」
The optical business's share of revenue rose from 45% in the previous fiscal year to 47%. In addition, mirror sales volume fell 26.3% and revenue fell 23.7%, while fly-eye lens sales volume rose 28.7% and revenue rose 24.6%, with product-specific divergence continuing. - FY2023-Q3Continued higher fly-eye lens revenue and lower mirror revenueAnnual report
「Sales volume for projector mirrors fell 13.8% year on year, while revenue fell 7.9%. Fly-eye lens sales volume rose 23.0% year on year, while revenue rose 20.6%.」
Projector demand remained firm, mainly for education, but mirror sales volume and revenue both fell, while fly-eye lens sales increased. The risk of dependence on the optical business continues to emerge differently by product. - FY2023-Q2Higher fly-eye lens revenue and lower mirror revenueAnnual report
「Sales of projector mirrors during the cumulative second quarter declined as a reaction to projector manufacturers' accelerated parts procurement during the fourth quarter of the fiscal year ended March 2022, against the backdrop of disruptions in international logistics.」
Projector demand remained firm, mainly for education, but product impacts diverged: fly-eye lens sales volume rose 29.9% and revenue rose 29.7%, while mirror sales volume fell 21.3% and revenue fell 14.4%. - FY2023-Q1Diverging product demand and lower mirror revenueAnnual report
「Projector demand remained firm, mainly for education, and the Group's sales of fly-eye lenses increased. Sales of projector mirrors during the cumulative first quarter of the consolidated fiscal period declined as a reaction to projector manufacturers' accelerated parts procurement during the fourth quarter of the fiscal year ended March 2022, against the backdrop of disruptions in international logistics. Projector mirror sales volume fell 45.9% year on year, while revenue fell 37.9%. Fly-eye lens sales volume rose 29.6% year on year, while revenue rose 39.3%.」
Projector demand remained firm, mainly for education, but mirror sales volume and revenue both fell, while fly-eye lens sales increased. The impact of the risk of dependence on the optical business has emerged differently by product. - FY2022MitigatedAnnual report
「The Group's main reportable segment is the optical business, which accounted for 45% of consolidated revenue for the fiscal year ended March 2022.」
The optical business's share of revenue fell from 58% in the fiscal year ended March 2019 to 45%. The business remains centred on optics, but revenue concentration has declined from prior fiscal years. - FY2022-Q3MitigatedAnnual report
「Projector demand recovered, mainly for education and home use, but production was affected by supply constraints for semiconductors and other items. Against this backdrop, the Group's sales of projector mirrors and fly-eye lenses increased.」
Sales of major optical products increased as projector demand recovered. While the impact of the risk of dependence on the optical business is easing, the production impact of supply constraints for semiconductors and other items is also reported. - FY2022-Q2MitigatedAnnual report
「During the cumulative second quarter of the consolidated fiscal period, projector demand recovered, mainly for education and home use, but production was affected by supply constraints for semiconductors and other items. Against this backdrop, the Group's sales of projector mirrors and fly-eye lenses increased. Projector mirror sales volume rose 75.5% year on year, while revenue rose 70.5%. Fly-eye lens sales volume rose 31.8% year on year, while revenue rose 24.0%.」
As projector demand recovered, sales volumes and revenue for both projector mirrors and fly-eye lenses increased year on year. While the impact of the risk of dependence on the optical business eased during the quarter, production was affected by supply constraints. - FY2022-Q1MitigatedAnnual report
「Projector demand remained firm, mainly for education and home use, and recovered significantly compared with the same period of the previous year, which was heavily affected by the spread of COVID-19. As a result, demand for projector mirrors and fly-eye lenses manufactured by the Group increased.」
Projector demand recovered significantly from the same period of the previous year, and demand for projector mirrors and fly-eye lenses also increased. Mirror sales volume rose 64.1% and revenue rose 56.9%, while fly-eye lens sales volume rose 21.4% and revenue rose 18.2%, mitigating the impact of the dependence risk during the quarter. - FY2021-Q3WorsenedAnnual report
「Sales volume for projector mirrors fell 49.1% year on year, while revenue fell 52.5%. Sales volume for fly-eye lenses fell 46.4% year on year, while revenue fell 42.1%.」
Due to weak projector demand, sales volumes and revenue for major optical products fell significantly. The impact of the risk of dependence on the optical business has been further quantified in the cumulative third quarter. - FY2021-Q2WorsenedAnnual report
「Unit sales of projector reflectors decreased 53.1% year on year and revenue decreased 54.1%. Unit sales of fly-eye lenses decreased 53.8% year on year and revenue decreased 47.6%.」
Due to the decline in projector demand, sales volumes and revenue for major optical products fell significantly. The impact of the risk of dependence on the optical business has been further quantified in the cumulative second quarter. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter, projector demand declined due to the impact of falling flat-panel display prices and the spread of COVID-19, which led to business closures, school closures and event cancellations, among other effects. As a result, demand for the group's reflectors and fly-eye lenses declined. Unit sales of projector reflectors decreased 24.2% year on year and revenue decreased 29.4%. Unit sales of fly-eye lenses decreased 36.4% year on year and revenue decreased 34.9%.」
The decline in projector demand led to sharp decreases in both unit sales and revenue for reflectors and fly-eye lenses. The impact of the risk arising from dependence on the optical business was quantified amid the spread of COVID-19. - FY2020WorsenedAnnual report
「Unit sales of projector reflectors decreased 9.7% from the previous fiscal year and revenue decreased 10.0%. Unit sales of fly-eye lenses decreased 20.8% from the previous fiscal year and revenue decreased 22.6%.」
Both unit sales and revenue for the main optical products declined, quantifying for the full fiscal year the impact of dependence on the projector market and optical business. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter, demand for projectors declined in the volume segments in Europe and the United States, China, India and other markets, resulting in lower demand for the group's reflectors and fly-eye lenses. Unit sales of projector reflectors decreased 14.0% year on year and revenue decreased 12.2%. Unit sales of fly-eye lenses decreased 24.5% year on year and revenue decreased 24.9%.」
Demand for products in the volume segments declined in Europe and the United States, China, India and other markets, resulting in year-on-year decreases in both unit sales and revenue for reflectors and fly-eye lenses. The impact of the risk arising from dependence on the optical business continued to emerge in the figures. - FY2020-Q2WorsenedAnnual report
「Unit sales of projector reflectors decreased 15.4% year on year and revenue decreased 13.7%. Unit sales of fly-eye lenses decreased 27.7% year on year and revenue decreased 26.5%.」
Despite the reaction to the increase in World Cup-related demand in the same period of the previous year, both unit sales and revenue for reflectors and fly-eye lenses declined, with the impact of the risks arising from dependence on the projector market and optical business continuing to emerge in the figures. - FY2020-Q1WorsenedAnnual report
「Unit sales of projector reflectors decreased 34.0% year on year and revenue decreased 29.8%. Unit sales of fly-eye lenses decreased 41.2% year on year and revenue decreased 34.1%.」
Against a backdrop of year-on-year declines in projector demand, both unit sales and revenue for reflectors and fly-eye lenses fell sharply, with the impact of the risk arising from dependence on the optical business becoming evident in the figures. The comparison period included an increase in demand associated with the FIFA World Cup. The deterioration is quantified. - FY2019MitigatedAnnual report
「The group's main reporting segment is the optical business, which accounted for 58% of consolidated revenue in the fiscal year ended March 2019.」
The optical business's share of revenue declined from 65% in the previous fiscal year to 58%. Meanwhile, demand for projector reflectors and fly-eye lenses was reported to have weakened from October 2018, leaving the dependence risk in place. - FY2019-Q3MaterialisedAnnual report
「Projector demand remained firm, but demand for the group's reflectors and fly-eye lenses weakened from October 2018, partly due to the reaction to demand related to the FIFA World Cup.」
The overall projector market remained firm, while demand for the company's main optical products weakened from October 2018, partly due to the reaction to World Cup-related demand. - FY2019-Q2RestatedAnnual report
「Projector demand remained firm, partly due to the FIFA World Cup, and demand for the group's reflectors and fly-eye lenses increased.」
Although projector demand remained firm and demand for the main optical products increased, no new change in the structural dependence on the optical business was reported. - FY2019-Q1MitigatedAnnual report
「Projector demand remained firm, partly due to the FIFA World Cup, and demand for the group's reflectors and fly-eye lenses increased.」
The company reports that firm projector demand led to increased demand for reflectors and fly-eye lenses. However, the structural dependence on the optical business continued. - FY2018MitigatedAnnual report
「The group's main reporting segment is the optical business, which accounted for 65% of consolidated revenue in the fiscal year ended March 2018.」
The optical business's share of revenue declined from 69% in the previous fiscal year to 65%, but the company stated that it would continue to focus on the optical business. - FY2018-Q3RestatedAnnual report
「Demand for projectors has remained broadly flat, but sales of the Group's reflectors and fly-eye lenses increased as we raised our share of customers' purchases, including through collaboration with projector manufacturers from the product development stage.」
Projector demand was broadly flat and the structural dependence on the optical business continued, while sales of the main products increased through collaboration and higher share of customers' purchases. - FY2018-Q1RestatedAnnual report
「Projector demand was broadly flat, while demand for the group's reflectors and fly-eye lenses increased as the effects of the previous year's Kumamoto earthquake on the projector manufacturing supply chain subsided.」
Projector demand was broadly flat, and demand for reflectors and fly-eye lenses increased. However, the structural dependence on the optical business remained unchanged. - FY2017RestatedAnnual report
「The group's main reporting segment is the optical business, which accounted for 69% of consolidated revenue in the fiscal year ended March 2017. The optical business manufactures and sells projector reflectors and fly-eye lenses installed inside projectors, among other products.」
Dependence on the optical business remained significant at 69% of revenue, although the company reports that the demand slump caused by the Kumamoto earthquake lasted until around September 2016 and that demand subsequently recovered. - FY2017-Q3MaterialisedAnnual report
「Demand for projectors was firm in Japan but sluggish overall due to the continuing economic downturn in South America and weak education-related demand, particularly in Europe. In addition, the effects of the Kumamoto earthquake that occurred after April 2016 on the projector manufacturing supply chain continued until around September 2016, causing demand for the group's projector reflectors and fly-eye lenses to decline.」
Weak demand in South America and Europe and the continuing effects of the Kumamoto earthquake led to another decline in demand for projector reflectors and fly-eye lenses in the third quarter. - FY2017-Q2MaterialisedAnnual report
「Demand for projectors was firm in Japan but sluggish overall due to the continuing economic downturn in South America, weak education-related demand, particularly in Europe, and inventory adjustments at the retail level in North America. In addition, the supply chain for projector manufacturing was affected by the Kumamoto earthquake that occurred in April, causing demand for the group's projector reflectors and fly-eye lenses to decline.」
Demand for projector reflectors and fly-eye lenses continued to decline due to weak demand in South America, Europe and North America and the effects of the Kumamoto earthquake. - FY2017-Q1MaterialisedAnnual report
「Demand for projectors was sluggish due to the continuing economic downturn in South America and weak education-related demand, particularly in Europe. In addition, the supply chain for projector manufacturing was affected by the Kumamoto earthquake that occurred in April, causing demand for the group's projector reflectors and fly-eye lenses to decline. Unit sales of projector reflectors decreased 31.0% year on year and revenue decreased 27.5%. Unit sales of fly-eye lenses decreased 17.4% year on year and revenue decreased 20.7%.」
Weak projector demand and declines in unit sales and revenue for the main optical products materialized in the quarter, highlighting the risk arising from dependence on the optical business. - FY2016First statedAnnual report
「The segment's revenue remains highly dependent on the optical business. The optical business primarily manufactures and sells reflectors and fly-eye lenses for projectors, and the performance of the group is affected by sales of projector reflectors and fly-eye lenses and trends in the projector market.」
The optical business accounted for 76% of consolidated revenue in the fiscal year ended March 2015, and the company experienced a decline in projector demand and a 12.7% decrease in consolidated revenue during the period.