Declining PND Sales Driven by Free Navigation Apps and Sluggish Kei Car Sales

「As semiconductor market conditions recover, orders for partner smart GPS products, which enable highly accurate autonomous navigation alongside commercial-use navigation, are also steadily increasing.」

「As semiconductor market conditions recover, orders for partner smart GPS products, which enable highly accurate autonomous navigation alongside commercial-use navigation, are also steadily increasing.」

「Although the retail PND market is rapidly shrinking due to the spread of free navigation apps on smartphones and connected in-vehicle systems (display audio), we are focusing on winning orders for commercial-use car navigation to offset this decline and pursue further growth,」

「As the retail PND market has contracted due to the spread of free navigation apps on smartphones and connected in-vehicle systems, the commercial-use car navigation business has been steadily expanding orders. In addition to beginning to offer the latest version, "Commercial-Use Car Navigation SDK Ver.8.0," the company launched the car navigation app "MAPPLE Route Navigator," which is designed for work involving fixed routes, such as route delivery, collection, inspection and passenger transport, allowing experienced drivers to share route knowledge smoothly and helping address the challenges associated with the so-called 2024 problem in Japan's logistics industry.」

「As semiconductor supplies, which had been constrained for an extended period, finally recovered, the order backlog for products from partners in the commercial-use car navigation business was cleared, contributing to higher sales during the period.」

「In addition to the lack of visibility for the inbound business outlook amid the COVID-19 pandemic, prolonged global semiconductor shortages caused map licenses for PND navigation apps to stagnate, and sales fell short of the previous consolidated fiscal year's level.」

「Due to the global disruption in semiconductor supplies, sales of map licenses for the retail market for PND navigation apps remained sluggish, and sales fell short of the previous fiscal year's level.」

「We are promoting the provision of new solutions for commercial-use navigation and expanding sales channels to offset declines in PND- (basic navigation system) and retail navigation-related revenue.」

「While expanding sales of new solutions for commercial-use navigation to offset declines in PNDs (basic navigation systems) and retail navigation systems,」

「Electronic sales were ¥1,394 million, down ¥129 million from the first nine months of the previous fiscal year, as sales of embedded applications for our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while inbound business sales declined following the large bid project secured in the previous year.」

「Electronic sales were ¥962 million, down ¥82 million from the first six months of the previous fiscal year, as sales of embedded applications for our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while inbound business sales declined following the large bid project secured in the previous year.」

「Electronic sales were ¥425 million, down ¥63 million from the first quarter of the previous fiscal year, as sales of embedded applications for our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while we also reexamined the profitability of projects, including projects ordered annually, and narrowed the projects pursued.」

「Electronic sales were ¥2,269 million, down ¥50 million from the previous consolidated fiscal year. Although the decline in sales had begun to level off, sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, and map distribution service sales also declined due to the impact of free map services.」

「In the first nine months of the current fiscal year, electronic sales were ¥1,523 million, down ¥112 million from the first nine months of the previous fiscal year, as sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while sales of some applications for smartphones also declined.」

「In the first six months of the current fiscal year, electronic sales were ¥1,048 million, down ¥49 million from the first six months of the previous fiscal year, as sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while sales of some applications for smartphones also declined.」

「Electronic sales were ¥487 million, down ¥27 million from the first quarter of the previous fiscal year, as sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while sales of some applications for smartphones also declined.」

「Electronic sales were ¥2,319 million, down ¥522 million from the previous consolidated fiscal year, as sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while the loss of a large recurring project in the previous consolidated fiscal year also had an impact.」

「Electronic sales were ¥1,635 million, down ¥347 million from the first nine months of the previous fiscal year, as sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while the loss of a large recurring project in the previous consolidated fiscal year also had an impact.」

「Electronic sales were ¥1,097 million, down ¥254 million from the first six months of the previous fiscal year, as sales related to our PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while the loss of a large recurring project in the previous consolidated fiscal year also had an impact.」

「In the electronics business, sales related to the Group's PNDs (basic car navigation systems) continued to decline due to the impact of free navigation apps, while the loss of large ongoing projects in the previous fiscal year also affected results. Net sales were ¥514 million, a decrease of ¥171 million from the cumulative first quarter of the previous fiscal year.」

「In the electronics business, sales declined substantially for Mapple Navi, application software for basic car navigation systems, due largely to the impact of free navigation apps on smartphones and other devices and weak sales of mini-vehicles. In addition, the acquisition of new projects to offset the loss of large projects that had been ongoing for some time did not progress as expected. Net sales were ¥2,842 million, a decrease of ¥660 million from the previous fiscal year (down 18.9% year on year).」

「In the electronics business, in addition to the decline in sales related to PNDs (basic car navigation systems), the acquisition of new projects to offset the loss of large projects that had been ongoing for some time did not progress as expected. Net sales were ¥1,983 million, a decrease of ¥474 million from the cumulative third quarter of the previous fiscal year.」

「In the electronics business, in addition to the decline in sales related to PNDs (basic car navigation systems), the acquisition of new projects to offset the loss of large projects that had been ongoing for some time did not progress as expected. Net sales were ¥1,351 million, a decrease of ¥320 million from the cumulative second quarter of the previous fiscal year.」

「In the electronics business, sales related to the Group's PNDs (basic car navigation systems) declined due to the ongoing impact of free navigation apps and weak sales of mini-vehicles. Net sales were ¥685 million, a decrease of ¥214 million from the cumulative first quarter of the previous fiscal year.」