Decline in New Domestic Projects for Office Automation Parts and Housing Equipment
First written in FY2017. 3 of 5 entries say "Worsened", first in FY2020. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025WorsenedAnnual report
「The synthetic resin molding-related business was affected by sluggish shipments of OA components in Japan and China, but...」
Sluggish shipments of OA components in Japan and China were also explicitly cited in the current year's discussion of the synthetic resin molding-related business, indicating the continuing impact of structural declines in projects and demand. - FY2023-Q3WorsenedAnnual report
「As described above, the Group's core synthetic resin products-related business has contracted overall, as the manufacturing and sales business for white goods has shrunk significantly and the profitability of the manufacturing and sales business for OA equipment has declined, among other factors. The Group has been working to create a new business model aimed at overcoming the erosion of its traditional business model, but has not yet achieved sufficient results, and its profitability remains subject to prolonged stagnation over the medium to long term.」
The scope and severity of the structural risks have been explicitly expanded from the previous focus on declining domestic new projects to the significant contraction of the white goods business, declining profitability of the OA equipment business, erosion of the existing business model, and prolonged medium- to long-term weakness in profitability. - FY2020WorsenedAnnual report
「The business environment surrounding the Group during the consolidated fiscal year remained difficult both in Japan and overseas, due to the continued transfer of customers' production overseas in Japan, the acceleration of production transfers from China to other countries as a result of US-China trade tensions overseas, and intensifying competition with industry peers.」
The continued transfer of domestic customers' production overseas and the accelerated transfer of production from China to other countries were reported, broadening the scope of the structural risks leading to a decline in domestic new projects. - FY2018MaterialisedAnnual report
「Sales of OA components, the core product, declined, but」
In connection with the structural concern over declining domestic new projects due to overseas production by OA manufacturers and other factors, a decline in sales of core OA components was reported for the current fiscal year. - FY2017First statedAnnual report
「Domestic new projects have been on a declining trend due to overseas production by OA manufacturers and overseas sourcing by housing-equipment manufacturers, and are expected to continue declining.」
The company indicated that domestic new projects for its core products are in structural decline, and linked this to the actual decline in sales of housing equipment and other products.