Impact on performance from business cycles in the machine tool industry
First written in FY2018. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2019: 8 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2023RestatedAnnual report
「Because companies’ capital investment trends in the machine tool industry tend to be significantly affected by economic fluctuations, the Group will implement flexible measures across all areas of users, products and sales methods to reduce the impact of industry fluctuations as much as possible. However, if unforeseen economic fluctuations occur in the future, they may affect the Group’s operating results.」
It continues to describe the risk of economic fluctuations in the machine tool industry and measures to mitigate the impact through users, products and sales methods. - FY2022RestatedAnnual report
「Because companies’ capital investment trends in the machine tool industry tend to be significantly affected by economic fluctuations, the Group will implement flexible measures across all areas of users, products and sales methods to reduce the impact of industry fluctuations as much as possible. However, if unforeseen economic fluctuations occur in the future, they may affect the Group’s operating results.」
It continues to describe the risk that fluctuations in capital investment in the machine tool industry may affect business performance and measures to mitigate the impact through users, products and sales methods. - FY2020RestatedAnnual report
「Because companies’ capital investment trends in the machine tool industry tend to be significantly affected by economic fluctuations, the Group will implement flexible measures across all areas of users, products and sales methods to reduce the impact of industry fluctuations as much as possible.」
It continues to describe the risk that fluctuations in capital investment in the machine tool industry may affect business performance and the policy of mitigating the impact through users, products and sales methods. - FY2019RestatedAnnual report
「In addition, as machine tools are the Group’s principal products, we recognize that the Group is susceptible to the effects of economic fluctuations.」
The Group continues to recognize, in the current fiscal year as well, that it is susceptible to economic fluctuations because machine tools are its principal products. - FY2018First statedAnnual report
「As machine tools are the Group’s principal products, we recognize that the Group is susceptible to the effects of economic fluctuations.」
It explicitly identifies the risk of being susceptible to economic fluctuations because machine tools are the Group’s principal products.