Delays in Equipment Commissioning and Customer Acceptance Due to Overseas Travel Restrictions
First written in FY2021-Q1. 3 of 7 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2023-Q3.
Takano moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2024: 5 of 21 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No new occurrence or material change was reported regarding the risk of delays in equipment start-up and customer acceptance due to overseas travel restrictions. - FY2023-Q1MaterialisedAnnual report
「However, although order-taking activities remained strong, delays in customer acceptance due to overseas travel restrictions and customer-related factors resulted in sales of ¥1,093 million, a decrease of ¥110 million, or 9.1%, from the same quarter of the previous year.」
Restrictions on overseas travel and delays in customer acceptance due to customer-related factors were again cited as actual causes of the decline in sales. Order-taking activities, however, were described as strong. - FY2022-Q1MitigatedAnnual report
「This was mainly because sales recognition had been delayed in the same quarter of the previous year due to circumstances including overseas travel restrictions, whereas sales increased in the current quarter as those circumstances no longer applied.」
The impact of delays in sales recognition caused by overseas travel restrictions in the same quarter of the previous year no longer applied in the current quarter, and sales in the Inspection and Measurement Equipment business increased 50.4% year on year. - FY2021MaterialisedAnnual report
「However, toward the end of the fiscal year, the spread of COVID-19 caused delays in launching products for Chinese customers, resulting in revenue of ¥6,916 million, down ¥660 million, or 8.7%, from the previous consolidated fiscal year.」
The slowdown in product launches for Chinese customers materialized as a full-year decline in sales, with revenue from the Inspection and Measurement Equipment business falling 8.7%. - FY2021-Q3WorsenedAnnual report
「In this segment, while travel restrictions were in place in response to the spread of COVID-19, the company worked to commission equipment for overseas customers remotely. With sales activities involving travel restricted, it also focused on securing orders for inspection equipment for semiconductors and battery components through online sales activities and WEB trade shows. However, sluggish orders and delays in equipment commissioning caused by travel restrictions resulted in revenue of ¥4,233 million, down ¥1,379 million, or 24.6%, year on year.」
The company pursued remote commissioning, online sales and WEB trade shows, but sluggish orders and delays in equipment commissioning caused by travel restrictions continued, resulting in a 24.6% decline in revenue in the inspection and measurement equipment business. - FY2021-Q2MaterialisedAnnual report
「However, net sales were ¥2,649 million, a decrease of ¥1,129 million, or 29.9%, from the same quarter of the previous year due to delays in equipment installation work resulting from travel restrictions. In terms of profit, segment loss was ¥200 million, compared with segment profit of ¥165 million in the same quarter of the previous year, despite the active pursuit of cost reductions focused mainly on fixed costs, including adjustments to factory operations, as the impact of lower sales was substantial.」
Delays in equipment commissioning due to overseas travel restrictions continued, and the inspection and measurement equipment business saw revenue decline 29.9% and swung from a profit in the previous year to a ¥200 million loss. - FY2021-Q1First statedAnnual report
「However, the impact of postponements of customer acceptance caused by delays in commissioning equipment for overseas markets due to travel restrictions was significant. Revenue was ¥800 million, down ¥1,255 million, or 61.1%, year on year.」
Overseas travel restrictions delayed equipment commissioning and led to postponements of customer acceptance, resulting in a 61.1% decline in revenue in the inspection and measurement equipment business.