Production Adjustments by Major Customers and Changes in Product Distribution Channels
First written in FY2017-Q1. 8 of 20 entries say "Restated". Latest entry: FY2026-H1.
Kaga Electronics moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2018: 6 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026-H1SoftenedAnnual report
「Although the EMS business faced lower demand from some customers, the medical equipment, air-conditioning equipment and industrial equipment segments remained strong, resulting in higher revenue and profit.」
The decline in customer demand is described as limited to some customers, while the medical equipment, air-conditioning equipment and industrial equipment segments are described as strong. Compared with the previous references to inventory adjustments among customers generally and the termination of transactions with a specific major customer, the scope of the risks described has narrowed. - FY2025WorsenedAnnual report
「Revenue increased slightly year on year to ¥547.779 billion, up 0.9%, as the Software and Other businesses remained solid, despite declining revenue in the Electronic Components business due to prolonged inventory adjustments and the termination of transactions with a specific major customer at an overseas subsidiary, and sluggish growth in the Information Equipment business due to the completion of a major project.」
In addition to the previous inventory adjustments by customers, the Company explicitly identified for the full fiscal year the termination of transactions with a specific major customer at an overseas subsidiary and the completion of a major project in the Information Equipment business as factors affecting sales. - FY2025-H1RestatedAnnual report
「Against this backdrop, the Group's results for the interim consolidated accounting period included revenue of ¥259.064 billion, down 5.8% from the same period of the previous year, due to the impact of inventory adjustments in the Electronic Components business and the reduction in transactions with specific major customers at overseas subsidiaries, among other factors.」
Inventory adjustments on the customer side and the reduction in transactions with specific major customers at overseas subsidiaries continue to be factors behind the decline in sales. - FY2024-Q3WorsenedAnnual report
「In the Electronic Components business, revenue was ¥406.458 billion, down 10.1% from the same quarter of the previous year, due to the disappearance of spot demand as shortages of semiconductors and electronic components eased, a reduction in transactions for specific customers at overseas subsidiaries of 株式会社エクセル, and, most recently, the full-scale intensification of inventory adjustments among customers generally, among other factors.」
In addition to the previous disappearance of spot demand and customer inventory adjustments, the Company cites the reduction in transactions for specific customers at overseas subsidiaries of Excel and the full-scale intensification of inventory adjustments among customers generally as factors behind the decline in sales. - FY2024-Q2WorsenedAnnual report
「Revenue was ¥275.044 billion, down 7.9% from the same quarter of the previous year, following the disappearance of spot demand as shortages of semiconductors and electronic components eased, and the partial emergence of the impact of inventory adjustments among customers generally, among other factors.」
The Company states that inventory adjustments among customers generally continued to be a factor behind the decline in sales from the previous quarter, with the impact extending to medical and industrial equipment in the Electronic Components business. - FY2024-Q1WorsenedAnnual report
「Sales declined following the partial emergence of the impact of inventory adjustments among customers generally, among other factors,」
In addition to the previously identified risk of production adjustments by major customers and similar factors, inventory adjustments among customers generally materialized as an actual factor behind the decline in Electronic Components business sales. - FY2022-Q1Added project delays due to customer circumstances.Annual report
「Revenue declined due in part to the impact of project delays caused by customer circumstances in the LED installation business.」
As an event akin to changes in plans by major customers and customers generally, project delays due to customer circumstances in the LED installation business were a factor behind the decline in revenue. - FY2021RestatedAnnual report
「However, the impact of the termination of the sales agency agreement with a major business partner at Kaga FEI remained, resulting in revenue of ¥422.365 billion, down 4.8% from the previous fiscal year.」
The impact of the termination of the sales agency agreement with a major business partner remained throughout the fiscal year and was a factor behind the decline in consolidated revenue. - FY2021-Q2WorsenedAnnual report
「Although the medical segment of the EMS business remained solid, it was severely affected by partial production suspensions and production adjustments at the Company's and customers' overseas production sites due to lockdowns in various countries following the spread of COVID-19, leaving the automotive and air-conditioning segments primarily weak.」
The Company states that it was "severely affected" by production suspensions and production adjustments at overseas production sites due to COVID-19, and weakness in automotive and air-conditioning EMS has continued. - FY2021-Q1WorsenedAnnual report
「Although the medical segment of the EMS business remained strong, the business was affected by production suspensions and production adjustments at some overseas plants operated by the Company and its customers due to lockdowns in various countries following the spread of COVID-19, leaving the automotive and air-conditioning segments weak.」
Production suspensions and production adjustments at major customers and the Company's overseas plants affected actual results, leaving automotive and air-conditioning EMS weak. Revenue in the Electronic Components business fell 27.9% year on year. - FY2020-Q3RestatedAnnual report
「Meanwhile, the commercial-facility LED installation business was affected by a pause in replacement demand from major customers, while sales of home appliances declined due in part to delivery-date adjustments by customers.」
The pause in replacement demand from major customers and delivery-date adjustments by customers continue to be cited as factors behind the decline in Information Equipment business sales. - FY2020-Q2Added a pause in replacement demand from major customers.Annual report
「Meanwhile, the commercial-facility LED installation business was affected by a pause in replacement demand from major customers, while sales of home appliances declined due in part to delivery-date adjustments by customers.」
In addition to delivery-date adjustments by existing customers, the pause in replacement demand from major customers in the commercial-facility LED installation business is cited as a factor behind the decline. - FY2020-Q1Delivery schedule adjustments by customers affected the Information Equipment businessAnnual report
「The commercial-facility LED installation business and the home-appliance sales business declined due in part to delivery schedule adjustments by customers.」
In addition to production adjustments and product changes by existing major customers, delivery-date adjustments by customers are cited as factors behind the decline in Information Equipment business sales. - FY2019-Q3RestatedAnnual report
「Revenue was affected by production adjustments at some customers and temporary declines in volumes accompanying product changes, among other factors, but」
It continues to state that temporary volume declines caused by production adjustments and product changes at some customers affected revenue. - FY2019-Q2RestatedAnnual report
「Revenue was affected by production adjustments at some customers and temporary declines in volumes accompanying product changes, among other factors.」
It states that volume declines accompanying production adjustments and product changes at major customers affected revenue even on a cumulative second-quarter basis. - FY2019-Q1WorsenedAnnual report
「On the earnings front, profit declined year on year in the same business due to production adjustments accompanying product changes by major customers and front-loaded costs at a new overseas plant during its ramp-up phase. These factors had been assumed at the beginning of the fiscal year.」
Production adjustments accompanying product changes by major customers continued, while front-loaded costs during the ramp-up phase of a new overseas plant also contributed to the decline in profit. - FY2017RestatedAnnual report
「Conditions emerged in which sluggish production by major customers in Japan and overseas and changes in the distribution channels for handled products affected performance.」
It states for the full year that sluggish production by major customers and changes in the distribution channels for handled products affected performance. - FY2017-Q3RestatedAnnual report
「The business was affected by production adjustments at major customers and changes in the distribution channels for handled products.」
It continues to state that production adjustments at major customers and changes in the distribution channels for handled products affected performance. - FY2017-Q2RestatedAnnual report
「In the electronic components business, transaction volume for semiconductors in Japan declined due to production adjustments at major customers in Japan and overseas, weak business for amusement equipment, and changes in semiconductor manufacturers' distributor policies.」
It provides a more business-specific description of how production adjustments at major customers and changes in distribution channels and distributor policies led to lower transaction volume in the electronic components business. - FY2017-Q1First statedAnnual report
「The business was affected by production adjustments at major customers and changes in the distribution channels for handled products.」
Production adjustments and changes in distribution channels are described as factors that affected performance during the quarter.