Solar induced electricity Q1 orders decreased significantly, and Q2 revenue is expected to decline month on month

Source: moneydj

    Solar induced power, a large passive component manufacturer, recently said that the orders received in the first quarter of this year decreased by 25% to 81.7 billion yen compared with the same period in 2021, shrinking for the third consecutive quarter, of which the orders of the capacitor Department decreased by 23% for the third consecutive quarter.

    According to moneydj, the financial report of solar power in fiscal year 2021 (April 2021 March 2022) showed that the annual revenue increased by 16.2% year-on-year to 349.636 billion yen for the fifth consecutive year due to the strong demand for MLCC from all fields centered on vehicles and the increase in the sales of superimposed inductors and other products.

    However, in the first quarter of March, although the revenue still increased by 10% year-on-year to 87.125 billion yen, the order situation is worrying. From the backlog of orders, the backlog of orders for solar induced electricity was 108 billion yen by the end of March 2022, a decrease of 5% compared with the end of the previous quarter, showing a downward trend for three consecutive quarters.

    However, in the first quarter of March, although the revenue still increased by 10% year-on-year to 87.125 billion yen, the order situation is worrying. From the backlog of orders, the backlog of orders for solar induced electricity was 108 billion yen by the end of March 2022, a decrease of 5% compared with the end of the previous quarter, showing a downward trend for three consecutive quarters.

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