Risk of stagnant capital investment in the automotive industry
First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2024.
Miroku moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 6 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「Although sales activities have been strengthened, sales in all divisions remained below the previous fiscal year due to continued stagnation at customer factories and other factors.」
Despite continued production slowdowns at customer factories and strengthened sales activities, the effects actually emerged as lower revenue across all segments of the machine tools business. - FY2024-Q2MaterialisedAnnual report
「Although the Company continued to strengthen sales activities following the first quarter, revenue declined year on year due to production slowdowns at customer factories and other factors.」
Continued production slowdowns at customer factories actually resulted in lower revenue in the machine tools business. - FY2024-Q1MaterialisedAnnual report
「Although the Company strengthened sales activities in the Machinery, Tool and Processing segments amid stagnant private-sector capital investment, revenue declined year on year due to production slowdowns at customer factories and other factors.」
Stagnant private-sector capital investment and production slowdowns at customer factories actually resulted in lower revenue in the machine tools business. - FY2023RestatedAnnual report
「If the Group is unable to respond accurately to changes in industry needs, or if market share declines because the development of these products does not progress as expected, this could affect the Group's operating results and financial position.」
The risk of declining market share in the machine tools business due to an inadequate response to customer needs and market trends is being reconfirmed. - FY2021RestatedAnnual report
「If the Group is unable to respond accurately to changes in industry needs, or if market share declines because the development of these products does not progress as expected, this could affect the Group's operating results and financial position.」
The risk of declining market share due to an inadequate response to customer needs and market trends is being reconfirmed. - FY2020RestatedAnnual report
「If capital investment in the automotive industry stagnates, this could affect business performance.」
The risk that the machine tools business may be affected by trends in capital investment in the automotive industry is being reconfirmed. - FY2018RestatedAnnual report
「The Machinery segment, whose main products are gun drilling machines for deep-hole machining, is highly dependent on the automotive industry. If capital investment in the automotive industry stagnates, this could affect business performance.」
The dependence of the machine tools business on the automotive industry is reiterated as a risk. - FY2016First statedAnnual report
「The machinery business, whose core products are gun-drilling machines for deep-hole machining, is highly dependent on the automotive industry. If capital investment in the automotive industry stagnates, business performance could be affected.」
The machine tools business is highly dependent on the automotive industry and may be affected by stagnant capital investment.