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Shinko Shoji (8141) · InitiativeWorsened

Identifying EMS Business Opportunities and Maximizing the Use of the Company’s Own Factory in China

First written in FY2016. 6 of 17 entries say "Worsened", first in FY2020. Latest entry: FY2026.

17entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2017WorsenedFY2020RestatedFY2024-Q32016: 120162017: 120172018: 120182019: 120192020: 220202021: 120212022: 220222023: 320232024: 120242025: 220252026: 22026
Same theme, other companies
Expansion of EMS Contract Manufacturing and Earnings ImprovementA theme 14 companies write about · 0 as a headwind · 12 as a tailwind

Shinko Shoji moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).

The whole theme swung hardest in 2024: 2 of 11 companies on the "Worse" side.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「The entertainment equipment-related business remained weak. As a result, sales of assembly products were ¥1,405.5 million, down 15.3% from the previous fiscal year.」

    Sales of assembly products declined 15.3% from the previous fiscal year due to weakness in the entertainment equipment-related business. Segment profit also fell 51.1% year on year to ¥327 million, with the downturn from the previous fiscal year continuing throughout the year.
  2. 2026-05-15WorsenedRevisions to earnings forecasts

    「Entertainment equipment-related business remained sluggish. As a result, net sales of assembly products were ¥14,055 million, down 15.3% year on year.」

    In the assembly business, weakness in entertainment equipment-related business and the resulting decline in sales continued in the full-year results.
  3. FY2026-H1WorsenedAnnual report

    「Assembly Business The entertainment equipment-related business remained weak. As a result, sales of assembly products were ¥704.1 million, down 11.6% from the same quarter of the previous year.」

    Sales in the assembly business declined 11.6% year on year due to weakness in the entertainment equipment-related business.
  4. FY2025WorsenedAnnual report

    「Assembly Business The entertainment equipment-related business remained weak. As a result, sales of assembly products were ¥1,659.9 million, down 7.5% from the previous fiscal year.」

    Sales in the assembly business declined 7.5% year on year due to weakness in the entertainment equipment-related business.
  5. FY2024-Q3RestatedAnnual report

    「The entertainment equipment-related business performed strongly. As a result, sales of assembly products were ¥1,340.1 million, up 19.8% year on year.」

    Driven by strong performance in the entertainment equipment-related business, the assembly business increased sales 19.8% year on year and continued its sales growth trend through the previous quarter.
  6. FY2024-Q2AdvancedAnnual report

    「Assembly Business The entertainment equipment-related business performed strongly. As a result, sales of assembly products were ¥999.7 million, up 34.8% year on year.」

    Driven by strong performance in the entertainment equipment-related business, sales in the assembly business increased 34.8% year on year.
  7. FY2024-Q1AdvancedAnnual report

    「Assembly Business The entertainment equipment-related business performed strongly. As a result, sales of assembly products were ¥568.6 million, up 89.8% from the same quarter of the previous year.」

    Driven by strong performance in the entertainment equipment-related business, sales in the assembly business increased 89.8% from the same quarter of the previous year.
  8. FY2023-Q3RestatedAnnual report

    「Assembly Business The industrial equipment-related business performed strongly. As a result, sales of assembly products were ¥1,118.6 million (up 25.2% from the same quarter of the previous year ).」

    Driven by strong performance in the industrial equipment-related business, sales in the assembly business increased 25.2% year on year. The business continues its sales growth trend through the previous quarter.
  9. FY2023-Q2The assembly business returned to sales growth.Annual report

    「Assembly Business The industrial equipment-related business performed strongly. As a result, sales of assembly products were ¥741.6 million, up 25.8% from the same quarter of the previous year.」

    Sales of assembly products turned from a decline caused by weakness in the entertainment equipment-related business in the previous quarter to an increase of 25.8% year on year, driven by strong performance in the industrial equipment-related business.
  10. FY2023-Q1WorsenedAnnual report

    「Assembly Business The entertainment equipment-related business remained weak. As a result, sales of assembly products were ¥299.5 million, down 14.8% from the same quarter of the previous year.」

    The assembly business saw sales decline 14.8% year on year as weakness in the entertainment equipment-related business offset the partial recovery trend through the previous quarter.
  11. FY2022-Q2The assembly business recovered in the industrial equipment segment.Annual report

    「Assembly Business The industrial equipment-related business performed strongly. As a result, sales of assembly products were ¥589.4 million, up 3.6% from the same quarter of the previous year.」

    Even after the liquidation of the Shenzhen subsidiary, the industrial equipment-related business performed strongly in the assembly business, and sales of assembly products increased 3.6% year on year.
  12. FY2020WorsenedAnnual report

    「At a meeting of the Board of Directors held on 12 December 2019, the company resolved to initiate liquidation proceedings for its consolidated subsidiary, 調諧電子科技(深セン)有限公司, and dismissed its employees. As a result, the number of employees in the assembly business across the Group decreased by 162.」

    The company disclosed the initiation of liquidation proceedings for its Shenzhen subsidiary and the reduction of 162 employees in the assembly business in connection with its EMS business using its own factories in China.
  13. FY2020AdvancedAnnual report

    「To strengthen and expand the assembly business, we reorganized the EMS Promotion Office as the EMS Promotion Department and strengthened the organizational structure.」

    The EMS Promotion Office was reorganized as the EMS Promotion Department to strengthen and expand the assembly business.
  14. FY2019RestatedAnnual report

    「In the assembly business, we will identify new business opportunities, led by the EMS Promotion Office, and expand the business.」

    The company continues to identify new business opportunities, led by the EMS Promotion Office, and expand its assembly business.
  15. FY2018AdvancedAnnual report

    「Sales of assembly products were ¥1,993.8 million, up 71.3% year on year.」

    In the EMS and assembly business, sales increased 71.3% year on year, while segment profit turned from a loss in the previous fiscal year to a profit of ¥355 million.
  16. FY2017RestatedAnnual report

    「As a trading company with its own factories, we seek to expand our EMS business.」

    The company continues to pursue expansion of its EMS business by leveraging its own factories and partner factories.
  17. FY2016First statedAnnual report

    「In the assembly business, we will develop new business opportunities centered on the EMS Promotion Office and seek to maximize the use of 調諧電子科技(深セン)有限公司, our company-operated factory in China.」

    The company identifies the EMS Promotion Office, development of new business opportunities, and use of its own factory in Shenzhen as initiatives for the assembly business.
Moved together

"Dependence on Entertainment Equipment Demand and Sales Risk in the Assembly Business" moved the same way as this thread, in the same document, in 7 of its 16 moves.

774432★123456
  1. ★This thread
  2. 1Dependence on Entertainment Equipment Demand and Sales Risk in the Assembly Business7×
  3. 2Lower revenue and profit due to reduced demand for amusement equipment and industrial-related products7×
  4. 3Risk from Demand and Capital Investment Trends in the Electronics Industry4×
  5. 4Increase in semiconductor sales and decrease in electronic component sales4×
  6. 5Financial, Economic and Political Risks Associated with Overseas Market Expansion3×
  7. 6Higher revenue from contract development of electronic equipment and microcomputer software2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Shinko Shoji yet. It last moved in the Revisions to earnings forecasts of 2026-05-15: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Identifying EMS Business Opportunities and Maximizing the Use of the Company’s Own Factory in China | Shinko Shoji Co.,Ltd. (8141) | Komori