Completion of the cycle of user equipment replacement demand and the subsequent decline
First written in FY2017-Q3. 8 of 31 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Along with advances in digital technology, demand for modernization of legacy systems and IT investment in cloud services and information security measures remained robust, as did demand to upgrade client environments associated with the end of Windows 10 support, and overall IT investment demand remained strong.」
Against the pullback from past upgrade demand, new upgrade demand, including modernization of legacy systems and client-environment upgrades associated with the end of support for Windows 10, was confirmed as a specific demand driver. - FY2026-H1AdvancedAnnual report
「Against the backdrop of advances in digital technologies such as IoT (the Internet of Things) and AI (artificial intelligence), demand for system modernization, IT investment in cloud services and information security measures, and demand to upgrade client environments associated with the end of support for Windows 10 remained firm, and IT investment demand remained steady.」
Against the pullback from traditional upgrade demand, demand to upgrade client environments associated with the end of support for Windows 10 was identified as a specific new demand driver. - FY2025AdvancedAnnual report
「Revenue increased, partly due to demand for PC upgrades associated with the end of support for a major operating system.」
Against the pullback from the previous fiscal year's upgrade demand, PC upgrade demand associated with the end of support for a major operating system was identified as an actual factor behind the increase in revenue. - FY2025-H1AdvancedAnnual report
「In the Tokyo metropolitan area, information and communications equipment and system engineering services, among others, generated higher revenue due to orders received for a large-scale business-system terminal project and increased user demand. Revenue was ¥7.521 billion, up 12.3% year on year.」
The company received an order for a large-scale business-system terminal project in the Tokyo metropolitan area, which, together with higher user demand, led to increased revenue from information and communications equipment and other businesses. The recovery and expansion of upgrade demand was described in terms of actual orders received. - FY2024-Q3MitigatedAnnual report
「In the Tokyo metropolitan area, revenue from information and communications equipment increased due to higher demand for embedded servers and PCs for healthcare equipment and for system upgrades. Revenue from system engineering services also increased, bringing revenue to ¥9.830 billion, up 16.7% year on year.」
Against the pullback from the previous fiscal year's upgrade demand and the decline in demand, increased demand for healthcare equipment and system upgrades in the Tokyo metropolitan area translated into higher revenue. - FY2024-Q2Regional pullback in upgrade and deployment demand coexisted with growth in large-scale demandAnnual report
「In the Tokyo metropolitan area, revenue from information and communications equipment increased due to higher demand for embedded servers and PCs for healthcare equipment and from large users. Revenue from system engineering services and electronic devices also increased, bringing revenue to ¥6.695 billion, up 17.7% year on year. In eastern Japan, revenue from information and communications equipment declined due to a decrease in education-sector opportunities, which had increased sharply in the same period of the previous year, as well as delays in private-sector opportunities. Revenue was ¥2.320 billion, down 20.9% year on year.」
Demand for embedded servers and PCs for healthcare equipment and from large users increased in the Tokyo metropolitan area, while the pullback from education-sector opportunities in the same period of the previous year and delays in private-sector opportunities were factors behind the revenue decline in eastern Japan. - FY2024-Q1Regional pullback and growth in upgrade demand coexistedAnnual report
「In the Tokyo metropolitan area, revenue from information and communications equipment increased due to higher demand for embedded servers and PCs for healthcare opportunities. Revenue from system engineering services and electronic devices also increased, bringing revenue to ¥3.254 billion, up 28.4% year on year. In eastern Japan, revenue from information and communications equipment, system engineering services and field services declined due to lower private-sector demand and a decline in education-sector opportunities, which had increased sharply in the same period of the previous year. Revenue was ¥834 million, down 32.0% year on year.」
Demand for embedded servers and PCs increased in the Tokyo metropolitan area, while education-sector opportunities in eastern Japan, which had increased sharply in the same period of the previous year, declined, with the pullback in upgrade and deployment demand emerging differently by region. - FY2023Expansion in replacement demand and the subsequent pullback coexistedAnnual report
「Business opportunities for ERP (enterprise resource planning) systems and PC upgrades increased, as did opportunities to build social infrastructure platforms, including server virtualization and hybridization with cloud services. The company worked to expand its ICT LCM (life-cycle management) services, but revenue declined due in part to the pullback from the PC upgrade demand seen in the previous fiscal year.」
Although ERP, PC upgrade and infrastructure construction opportunities increased, the pullback from the previous fiscal year's PC upgrade demand was a factor behind the decline in field service revenue. - FY2023-Q3RestatedAnnual report
「In the Tokyo metropolitan area, system engineering services generated higher sales, but information and communications equipment, field services, and electronic devices affected by lower demand for servers and PCs for embedded applications and supply delays caused by the semiconductor shortage generated lower sales. Net sales were ¥8.422 billion, down 3.9% year on year.」
In the Tokyo metropolitan area, lower demand for servers and PCs for embedded applications and supply delays caused by the semiconductor shortage continued to be cited as factors behind lower sales of information and communications equipment and other products. - FY2023-Q2RestatedAnnual report
「Information and communications equipment, field services, and electronic devices affected by lower demand for servers and PCs for embedded applications and supply delays caused by the semiconductor shortage generated lower sales,」
In the Tokyo metropolitan area, lower demand for servers and PCs for embedded applications continued to be cited as a factor behind lower sales, compounded by supply delays caused by the semiconductor shortage. - FY2023-Q1WorsenedAnnual report
「In the Tokyo metropolitan area, information and communications equipment and field services declined because of lower demand for servers and PCs for embedded applications and supply delays caused by the semiconductor shortage, resulting in net sales of ¥2.534 billion, down 13.5% year on year.」
In the Tokyo metropolitan area, lower demand for servers and PCs for embedded applications materialised as lower sales of information and communications equipment, compounded by supply delays caused by the semiconductor shortage. - FY2022-Q3MitigatedAnnual report
「In the ICT industry, expectations and demand for digital transformation (DX) are growing as companies seek to achieve the new normal. Although demand remains resilient for system updates aimed at improving corporate productivity and operational efficiency, as well as for cloud services and security measures, alongside advances in digital technologies such as the Internet of Things (IoT) and artificial intelligence (AI),」
While declining large-scale system replacement negotiations had been reported through the previous quarter, the industry as a whole was assessed as having resilient demand for system updates, indicating that the weakening in replacement demand had eased to some extent. - FY2022-Q1WorsenedAnnual report
「In eastern Japan, although information and communications equipment such as software products generated higher sales, sales were ¥929 million, compared with ¥944 million in the same period of the previous year, because large-scale system replacement negotiations declined and field services generated lower sales.」
The decline in large-scale system replacement negotiations in eastern Japan was cited as a factor behind lower sales, indicating that weakening replacement demand had again affected actual results. - FY2021-Q3WorsenedAnnual report
「The Group’s consolidated net sales for the nine-month period ended in the third quarter decreased 14.4% year on year to ¥14.297 billion, due to the pullback following the completion of PC replacement demand associated with the end of support for a major operating system and measures responding to the consumption tax increase in the previous year, compounded by sluggish order-taking activity caused by restrictions on activity during the COVID-19 pandemic.」
The pullback in replacement demand following the end of OS support and measures responding to the consumption tax increase in the previous year continued, compounded by sluggish order-taking activity caused by restrictions on activity. Net sales decreased 14.4% year on year, indicating that the impact of the demand pullback continued. - FY2021-Q2WorsenedAnnual report
「Net sales decreased 12.7% year on year to ¥9.644 billion, as order-taking activity stagnated because of restrictions on activity to prevent COVID-19 infections, in addition to the pullback following the completion of PC replacement demand associated with the end of support for a major operating system and measures responding to the consumption tax increase in the previous year.」
The pullback following the completion of replacement demand driven by the end of OS support and measures responding to the consumption tax increase in the previous year became an actual factor behind lower sales, compounded by sluggish order-taking activity caused by restrictions on activity to prevent infections. - FY2021-Q1Demand for system updates continues to expand, while investment decisions remain cautiousAnnual report
「Although demand for system updates aimed at improving corporate productivity and operational efficiency, against a backdrop including initiatives such as work-style reform and the “new lifestyle,” continued to expand, companies appeared cautious in making investment decisions amid an uncertain business outlook.」
The report states that the expanding trend in demand for system updates continued, but that companies had become cautious in making investment decisions against a backdrop of an uncertain business outlook. - FY2020MitigatedAnnual report
「Business negotiations remained strong and sales increased, driven by growing demand for PC replacements following the end of support for a major operating system from a leading US IT company, system modifications in response to the consumption tax increase, and ICT investment aimed at improving operational efficiency and rationalisation and enhancing customer service, including initiatives such as work-style reform.」
Although some large-scale users had previously reduced demand and replacement demand had experienced a pullback, replacement and ICT investment increased in response to the end of OS support, the consumption tax increase, and work-style reform. - FY2020-Q3RestatedAnnual report
「During the nine-month consolidated period ended in the third quarter, Japan’s economy remained on a gradual recovery track. Although weakness was evident mainly in exports and caution was increasing, particularly in manufacturing, capital investment remained firm, including labour-saving investment driven by labour shortages and maintenance and replacement investment. Private consumption also continued to show signs of recovery.」
Although manufacturing remained cautious and exports were weak, labour-saving investment and maintenance and replacement investment driven by labour shortages were described as firm, and conditions continued to support demand for equipment and system updates. - FY2020-Q2RestatedAnnual report
「Demand for system updates aimed at improving corporate productivity and operational efficiency, against a backdrop including initiatives such as work-style reform, continued to expand alongside technological advances such as the Internet of Things (IoT) and artificial intelligence (AI).」
Although some equipment and services declined, the report states that the industry as a whole continued to show an expanding trend in demand for system updates. - FY2020-Q1RestatedAnnual report
「In the ICT industry, demand for system upgrades aimed at improving corporate productivity and operational efficiency, against a backdrop including initiatives to reform work practices, has continued to expand alongside advances in technologies such as the Internet of Things (IoT) and artificial intelligence (AI).」
Although declining demand from some large-scale users and the pullback in replacement demand were reported in the previous period, the industry as a whole continued to show an expanding trend in demand for system updates. - FY2019MitigatedAnnual report
「Information and communications equipment for the public and education sectors and system updates for private-sector companies remained firm, and system engineering services also generated higher sales.」
Although declining demand from some large-scale users remained, equipment for the public and education sectors and system updates for private-sector companies remained firm and supported full-year sales. - FY2019-Q3RestatedAnnual report
「Information and communications equipment for the public and education sectors and system updates for private-sector companies remained firm, while system engineering services and field services also generated higher sales,」
System updates for private-sector companies were described as firm. Although some electronic devices declined, multiple areas, including replacement demand, contributed to higher sales. - FY2019-Q2RestatedAnnual report
「Against this backdrop, the Group’s consolidated net sales for the six-month period ended in the second quarter increased 3.3% year on year to ¥9.546 billion. Although demand from some large-scale users declined, information and communications equipment for the public and education sectors and system updates for private-sector companies remained firm. System engineering services and field services also generated higher sales.」
Although declining demand from some large-scale users continued to be reported, equipment for the public and education sectors and system updates for private-sector companies remained firm, resulting in higher overall sales. - FY2019-Q1WorsenedAnnual report
「In the Tokyo metropolitan area, sales of information and communications equipment and system solutions declined as a pullback from the increase generated by large-scale projects in the same period of the previous year. Electronic devices also declined because of production discontinuations and other factors resulting from customers’ model changes, resulting in net sales of ¥2.083 billion, down 17.8% year on year. In eastern Japan, sales of information and communications equipment declined because of lower replacement demand for systems supplied to local governments, while field services and system solutions also declined, resulting in net sales of ¥885 million, down 6.8% year on year.」
In the Tokyo metropolitan area, information and communications equipment and system solutions declined as a pullback from the increase generated by large-scale projects in the same period of the previous year, while replacement demand for systems supplied to local governments declined in eastern Japan. The completion or pullback in equipment and system replacement demand again reduced sales in multiple regions. - FY2018MitigatedAnnual report
「PC sales increased on large-scale replacement demand, and orders for system development projects and healthcare negotiations also increased from the same period of the previous year,」
Against the renewed mention in the third quarter of the pullback from large-scale system replacement demand, the full-year results confirmed increased PC sales driven by large-scale replacement demand. - FY2018-Q3WorsenedAnnual report
「In the Tokyo metropolitan area, orders for system development projects and field services increased, but information and communications equipment declined as a pullback from the increase in the previous period driven by replacement demand for large-scale systems,」
The pullback from the previous period’s strong replacement demand for large-scale systems was again explicitly identified as a factor behind lower information and communications equipment sales in the Tokyo metropolitan area. - FY2018-Q1MitigatedAnnual report
「Sales of information and communications equipment and electronic devices increased due to a rise in system-upgrade business opportunities and increased demand from industrial equipment manufacturers,」
Although the completion and pullback in equipment replacement demand reduced sales in the previous period, the increase in system-update negotiations was cited as a factor behind higher sales this quarter. - FY2017SoftenedAnnual report
「In the Tokyo metropolitan area, sales of PCs increased on demand for embedded industrial equipment and large-scale replacement demand,」
Against the completion and pullback in equipment replacement demand identified in the quarterly report, the full-year report cited increased PC sales driven by large-scale replacement demand. - FY2017-Q3First statedAnnual report
「The Group’s consolidated net sales for the nine-month period ended in the third quarter decreased in information and communications equipment and electronic devices, due to the completion of equipment replacement demand from small-scale users, as well as declines and postponements in energy-saving equipment-related business and healthcare negotiations, resulting in net sales of ¥13.559 billion, down 4.5% year on year.」
In addition to the completion of equipment replacement demand from small-scale users, the completion of replacement demand from large-scale users in eastern Japan and the pullback from the strong replacement demand in the Tokyo metropolitan area in the same period of the previous year were cited as factors behind the decline in sales.