Portfolio Reform in the Device Business
First written in FY2016. 16 of 29 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-05.
5 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In the fiscal year, net sales were ¥15,021.7 million, up 7.9% year on year, owing to firm performance from mechanical components and products from overseas manufacturers, as well as the contribution from the new automotive-related business, which entered full swing in the second half of the previous fiscal year, from the beginning of the current fiscal year.」
Regarding portfolio reform in the Devices business, growth in products from overseas manufacturers and a full-year contribution from the new automotive-related business were reported. Net sales increased 7.9% year on year, but segment profit declined 2.8% owing to changes in the sales mix and other factors. - 2026-05-14AdvancedPresentation materials on financial results
「Expand the scale of the business through the expansion of the IPO (*) business and individual businesses」
Regarding portfolio reform in the Device Business, the company indicated expansion by business category in the IPO business, individual businesses, electronic devices and original solutions, thereby making its growth areas more specific. - FY2024ReframedAnnual report
「<Devices business> (i) Improve profitability through consolidation and greater efficiency (ii) Improve stability by shifting resources to growth markets and strengthening competitiveness through technological capabilities and the Company's distinctiveness (iii) Build new strategic businesses needed to enhance growth」
Under V76, the Devices business portfolio reform has been organized around consolidation and efficiency, shifting resources to growth markets, strengthening competitiveness through technological capabilities and distinctiveness, and building new strategic businesses. - FY2024-Q3Continued decline in sales and loss of high-margin projectsAnnual report
「During the cumulative period through the third quarter, sales declined from the year-earlier period, while the loss of some high-margin projects caused gross profit to fall. In addition, increases in non-operating expenses, including interest expenses, affected profit and loss. As a result, net sales were ¥9,831.3 million, down 16.8% year on year, and segment profit was ¥172.2 million, down 53.7%.」
The Devices business continues its portfolio reform policy, but declining sales, the loss of some high-margin projects, and increases in non-operating expenses resulted in a 16.8% decline in net sales and a 53.7% decline in segment profit. - FY2024-Q2Continued decline in sales and loss of high-margin projectsAnnual report
「During the cumulative period through the second quarter, sales performed strongly against the initial plan, but declined from the year-earlier period. The loss of some high-margin projects and increases in non-operating expenses, including interest expenses, also affected profit and loss. As a result, net sales were ¥6,769.1 million, down 12.9% year on year, and segment profit was ¥131.7 million, down 50.4%.」
The Devices business continues its portfolio reform policy, but declining sales, the loss of some high-margin projects, and increases in non-operating expenses resulted in a 12.9% decline in net sales and a 50.4% decline in segment profit. - FY2024-Q1Declining sales and the loss of some high-margin projectsAnnual report
「During the cumulative period through the first quarter, sales remained firm against the initial plan, but declined from the year-earlier period. The loss of some high-margin projects and increases in non-operating expenses, including interest expenses, also affected profit and loss. As a result, net sales were ¥3,027.1 million, down 9.8% year on year, and segment profit was ¥53.6 million, down 55.5%.」
The Devices business continues its portfolio reform policy, but declining sales, the loss of some high-margin projects, and increases in interest expenses and other costs resulted in a 9.8% decline in net sales and a 55.5% decline in segment profit. - FY2023-Q3AdvancedAnnual report
「During the cumulative period through the third quarter, sales of electronic components remained firm, while sales of overseas semiconductors increased owing to expanded sales rights and strong sales for home video game consoles. The weaker yen against the year-earlier period also provided a tailwind. As a result, net sales were ¥11,822.0 million, up 45.3% year on year. Despite an increase in selling, general and administrative expenses, the effect of higher sales resulted in segment profit of ¥371.6 million, up 141.9% year on year.」
Sales of overseas semiconductors related to portfolio reform continued to increase, sales rights expanded, and sales for home video game consoles remained strong. As a result, the Devices business achieved a 45.3% increase in net sales and a 141.9% increase in segment profit. - FY2023-Q2AdvancedAnnual report
「During the cumulative period through the second quarter, sales of electronic components remained firm, while sales of overseas semiconductors increased owing to expanded sales rights and strong sales for home video game consoles. As a result, net sales were ¥7,775.2 million, up 50.0% year on year. Despite an increase in selling, general and administrative expenses, the effect of higher sales resulted in segment profit of ¥265.8 million, up 216.4% year on year.」
In connection with portfolio reform in the Devices business, sales rights expanded, sales for home video game consoles grew, and sales of overseas semiconductors increased, resulting in a 50.0% increase in net sales and a 216.4% increase in segment profit. - FY2023-Q1AdvancedAnnual report
「During the cumulative period through the first quarter, sales of electronic components remained firm, while sales of overseas semiconductors increased owing to expanded sales rights and strong sales for home video game consoles. As a result, net sales were ¥3,356.5 million, up 50.2% year on year. Despite an increase in selling, general and administrative expenses, the effect of higher sales resulted in segment profit of ¥120.5 million, up 226.3% year on year.」
In connection with portfolio reform in the Devices business, sales rights expanded, sales for home video game consoles grew, and sales of overseas semiconductors increased, resulting in a 50.2% increase in net sales and a 226.3% increase in segment profit. - FY2022-Q3AdvancedAnnual report
「During the cumulative period through the third quarter, sales of products made by Renesas Electronics Corporation declined following the termination of the exclusive distributor agreement with the company in June of the previous fiscal year. However, overall sales remained strong owing to growth in sales of products made by overseas semiconductor manufacturers, expansion of sales rights for existing suppliers, and acquisition of sales rights for new suppliers. As a result, net sales were ¥8,135.9 million, up 6.8% year on year. In terms of profit and loss, the effect of higher sales and the containment of selling, general and administrative expenses resulted in segment profit of ¥153.6 million, up 628.3% year on year.」
As measures under portfolio reform, sales of products made by overseas semiconductor manufacturers grew, sales rights for existing suppliers expanded, and sales rights for new suppliers were acquired. As a result, the Devices business achieved higher sales and a substantial increase in profit. - FY2022-Q2AdvancedAnnual report
「In the Devices business, the Group worked on portfolio reform by improving the profitability of existing businesses and developing new high-margin businesses. As a result, net sales were ¥5,185.1 million, up 7.9% year on year. In terms of profit and loss, segment profit was ¥84.0 million, compared with a segment loss of ¥6.5 million in the year-earlier period.」
The Group continued portfolio reform by improving the profitability of existing businesses and developing new high-margin businesses, and the Devices business improved from a year-earlier loss to profit of ¥84.0 million. - FY2022-Q1AdvancedAnnual report
「In the Devices business, portfolio reform through improving the profitability of existing businesses and developing new high-margin businesses」
The Group continued to develop and specify portfolio reform measures as improving the profitability of existing businesses and developing new high-margin businesses. The Devices business generated net sales of ¥2,234.3 million and segment profit of ¥36.9 million, turning from a year-earlier loss of ¥14.3 million to profit. - FY2021-Q2RestatedAnnual report
「Volume business sales declined substantially, also reflecting the impact of optimizing sales scale as part of business portfolio reform」
As part of business portfolio reform, the Group continues its policy of optimizing the sales scale of low-margin volume businesses. As a result, this business declined substantially, but no new completion has been reported. - FY2021-Q1ReframedAnnual report
「In the Devices business, following the termination of the exclusive distributor agreement with Renesas Electronics Corporation, previously a major supplier, at the end of June this year, the Group shifted human resources toward expanding sales of products made by overseas semiconductor manufacturers. It also worked to fundamentally transform its earnings structure by developing new products and business models focused on automotive applications and AI/IoT.」
The explanation of portfolio reform has been organized to include, in addition to optimizing and enhancing the value of volume businesses, shifting human resources toward products made by overseas semiconductor manufacturers following the termination of the Renesas agreement, and developing automotive, AI/IoT products and business models. - FY2020AdvancedAnnual report
「As a result of focusing on businesses to be continued while assessing risks and profitability, the optimization of volume businesses, as part of portfolio reform, was temporarily completed by the fiscal year ended March 2020.」
The Group explicitly stated that the optimization of volume businesses, a component of portfolio reform, was temporarily completed by the fiscal year ended March 2020. Meanwhile, transforming the earnings structure of the core device business and expanding the strategic device business remain ongoing challenges. - FY2020-Q3RestatedAnnual report
「In terms of profit and loss, the Group worked to improve the gross profit margin and reduce selling, general and administrative expenses through business portfolio reform, but these efforts were insufficient to offset the decline in net sales」
The Group continues business portfolio reform, efforts to improve the gross profit margin, and reductions in selling, general and administrative expenses. However, segment profit in the Devices business declined 7.5% year on year, and no new completion or clear quantitative progress has been reported. - FY2020-Q2AdvancedAnnual report
「In terms of profit and loss, the gross profit margin improved through business portfolio reform, while selling, general and administrative expenses also declined. As a result, segment profit was ¥48.8 million, up 81.0% year on year.」
The gross profit margin improved and selling, general and administrative expenses declined as business portfolio reform advanced. As a result, segment profit in the Devices business was ¥48.8 million, up 81.0% year on year. - FY2020-Q1ReframedAnnual report
「In the Devices business, the Group worked to expand sales of its core device business, where higher value added is possible, and its strategic device business, centered on handling new products from overseas suppliers and IoT-related businesses. At the same time, it proceeded with the optimization of volume businesses, which generally have low margins, while assessing their risks and profitability.」
The explanation of the shift to high-value-added businesses has been reorganized around expanding the core device and strategic device businesses and optimizing low-margin volume businesses. - FY2019RestatedAnnual report
「For volume businesses, we will seek to improve the profitability of the existing business portfolio by withdrawing from or scaling back businesses after assessing their risks and profitability.」
The Group continues portfolio reform to shift from low-margin volume businesses to a more profitable business structure, and has clarified withdrawal and downsizing as measures based on risk and profitability. No completion or quantitative effects have been reported. - FY2019-Q3RestatedAnnual report
「In the Devices business, the Group is advancing business portfolio reform aimed at focusing on growth areas and shifting to high-value-added businesses」
The Devices business continues portfolio reform centered on focusing on growth areas and shifting to high-value-added businesses. - FY2019-Q2RestatedAnnual report
「In the Devices business, the Group is advancing business portfolio reform aimed at focusing on growth areas and shifting to high-value-added businesses」
The Group continues portfolio reform centered on focusing on growth areas and shifting to high-value-added businesses. No new completion or quantitative progress has been reported. - FY2019-Q1RestatedAnnual report
「In the Devices business, the Group is advancing business portfolio reform aimed at shifting to high-value-added businesses」
The Devices business continues portfolio reform aimed at shifting to high-value-added businesses. No new completion or quantitative target achievement has been reported. - FY2018AdvancedAnnual report
「During the latter 3 years of the V70 medium-term management plan, we will further accelerate the shift from low-margin, volume-based businesses to high-value-added businesses that leverage our technological capabilities.」
The portfolio reform measures for the latter 3 years of V70 have been specified as accelerating the shift from low-margin mass-market businesses to high-value-added businesses that draw on the Group's technological capabilities. - FY2018-Q3AdvancedAnnual report
「As a result, net sales were ¥11,166.2 million, down 4.0% year on year. In terms of profit and loss, the improvement in the gross profit margin, significant reductions in inventory valuation losses and foreign exchange losses, and the effect of reducing fixed costs, including through the consolidation and closure of business sites, resulted in segment profit of ¥75.2 million, compared with a segment loss of ¥168.3 million in the year-earlier period.」
In addition to continuing business portfolio reform, the Devices business turned a year-earlier loss of ¥168.3 million into profit of ¥75.2 million through reductions in inventory valuation losses and foreign exchange losses and the effects of reducing fixed costs, including through the consolidation and closure of business sites. - FY2018-Q2AdvancedAnnual report
「In the Devices business, the Group pursued business portfolio reform centered on concentrating resources in areas expected to grow and increasing the sales mix of high-margin businesses. It also worked to improve the profitability of existing businesses through rigorous management of inventory and foreign exchange risks and greater operational efficiency.」
The Group continued to concentrate resources in growth markets and increase the proportion of high-margin businesses. For the cumulative second-quarter period, the Devices business turned a segment loss of ¥200.3 million in the year-earlier period into profit of ¥32.3 million. - FY2018-Q1AdvancedAnnual report
「In terms of profit and loss, segment profit was ¥13.7 million, compared with a loss of ¥147.3 million in the year-earlier period, owing to an improvement in the gross profit margin and significant reductions in foreign exchange losses and inventory valuation losses incurred in the year-earlier period.」
Under portfolio reform centered on focusing on growth markets and increasing the proportion of high-margin businesses, the Devices business turned a year-earlier loss into segment profit of ¥13.7 million. - FY2016First statedAnnual report
「In the Devices business, improving profitability through business portfolio reform」
As a key measure for the Devices business under the V70 medium-term management plan, the Group has adopted a policy of reforming its business composition and improving profitability.