Product Supply Risk from the Global Semiconductor Shortage and Strategic Sourcing
First written in FY2022-Q2. 7 of 10 entries say "Restated". Latest entry: FY2024.
0 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Group is working to stabilize product procurement by diversifying suppliers and converting some products to private-label products, in order to provide products meeting customer needs in appropriate quantities and at appropriate prices. However, if product procurement is disrupted by global shortages of resources or raw materials, or if purchase prices rise, this may adversely affect the financial results and financial condition of the Group.」
The company describes product supply issues, including the semiconductor shortage, as product procurement risk encompassing shortages of resources and raw materials and rising purchase prices, and continues to respond by diversifying suppliers and converting products to private-label products. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there are no material changes concerning product procurement risk, including the global semiconductor shortage. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there are no material changes concerning product procurement risk, including the global semiconductor shortage. - FY2023RestatedAnnual report
「The Group is working to stabilize product procurement by diversifying suppliers and converting some products to private-label products, in order to provide products meeting customer needs in appropriate quantities and at appropriate prices. However, if product procurement is disrupted by global shortages of resources or raw materials, or if purchase prices rise, this may adversely affect the financial results and financial condition of the Group.」
The company describes product supply issues, including the semiconductor shortage, as product procurement risk encompassing shortages of resources and raw materials and rising purchase prices, and continues to respond by diversifying suppliers and converting products to private-label products. - FY2023-Q3RestatedAnnual report
「Meanwhile, declining new-vehicle sales due to the global semiconductor shortage caused sales of audio-visual products such as car navigation systems and dashcams to be even weaker than in the same period of the previous year.」
The global semiconductor shortage continues to affect performance through lower new vehicle sales, which have resulted in weak sales of audio-visual products. - FY2023-Q2RestatedAnnual report
「Meanwhile, declining new-vehicle sales due to the global semiconductor shortage caused sales of audio-visual products such as car navigation systems and dashcams to be even weaker than in the same period of the previous year.」
The global semiconductor shortage continues to affect performance through lower new vehicle sales, which have resulted in weak sales of audio-visual products. - FY2023-Q1MaterialisedAnnual report
「Meanwhile, declining new-vehicle sales due to the global semiconductor shortage caused sales of audio-visual products such as car navigation systems and dashcams to be even weaker than in the same period of the previous year.」
The global semiconductor shortage actually affected performance through lower new vehicle sales, which resulted in weak sales of car navigation systems and dashcams. - FY2022ReframedAnnual report
「The Group is working to stabilize product procurement by diversifying suppliers and converting some products to private-label products, in order to provide products meeting customer needs in appropriate quantities and at appropriate prices. However, if product procurement is disrupted by global shortages of resources or raw materials, or if purchase prices rise, this may adversely affect the financial results and financial condition of the Group.」
The company expanded the scope of its disclosures from the previous semiconductor shortage risk to product procurement risk, including shortages of resources and raw materials and rising purchase prices. In terms of actual results, it explains that the semiconductor shortage affected supply, but that strategic sourcing contained the impact. - FY2022-Q3RestatedAnnual report
「Although the global semiconductor shortage affected the supply of some products, the Group worked to minimize the impact, including through strategic product sourcing.」
While the global semiconductor shortage continued to affect the supply of some products, the company reiterates its response of containing the impact through strategic sourcing. - FY2022-Q2First statedAnnual report
「Although the global semiconductor shortage affected the supply of some products, the Group has sourced products strategically and kept the impact to a minimum.」
The company states that the global semiconductor shortage actually affected the supply of some products, while strategic sourcing kept the impact to a minimum.