forecast – Asia Tab

Fujitsu delivers digital transformation with AI demand forecast service for TORIDOLL noodle shops throughout Japan

2 2 月, 2023

TOKYO, Feb 2, 2023 - (JCN Newswire via SEAPRWire.com) - Fujitsu and TORIDOLL Holdings Corporation (hereinafter TORIDOLL Holdings) today announced the deployment of Fujitsu's AI demand forecast service at 823 Marugame Udon noodle shops in Japan(1), operated by TORIDOLL Holdings. The service will enable TORIDOLL Holdings to accurately forecast the customer numbers and sales by day and time for each shop, based on weather data and POS data held by TORIDOLL Holdings.Figure 1: Overview of the AI forecast serviceFigure 2: Expected results of the serviceFujitsu will help digitally transform operations for shop managers, optimizing complex manual processes including the ordering of products and food quantity planning to deliver greater overall efficiency, help reduce food loss, and realize efficient energy management through the optimization of staff allocation and air conditioning in shops.Moving forward, Fujitsu and TORIDOLL Holdings will continue to leverage AI and other leading-edge technologies, as well as various data and business know-how, to promote the digital transformation (DX) of TORIDOLL Holdings' restaurants globally, and ultimately contribute to the realization of a more sustainable society.BackgroundTORIDOLL Holdings in November 2022 formulated its "DX Vision 2028" to transform into a true global food company. In 2021, TORIDOLL Holdings started testing the effectiveness of a new AI demand forecast service system for predicting the customer numbers and sales of its Marugame Udon brand by shop, day, and time, to realize two goals of its vision: "2. Automated shop management using AI demand forecasts" and "4. Energy management system utilizing IoT". TORIDOLL Holdings decided to deploy the new solution at all of its 823 shops in Japan.Overview of the AI forecast serviceThe AI forecast service is based on Fujitsu's AI demand prediction solution "Fujitsu Business Application Operational Data Management & Analytics Demand Forecasting SaaS," which enables users to predict future customer and sales numbers with high accuracy based on various data held by companies, including POS data, sales calendars, and sales promotion campaigns, as well as weather data.TORIDOLL Holdings and Fujitsu will utilize the AI demand prediction service to automate and improve work schedules and optimize order processes, food quantity planning and energy use."Fujitsu Business Application Operational Data Management & Analytics Demand Forecasting SaaS," the base of the AI forecast service, provides the following features:1. Stable and accurate demand forecasting using AI and machine learning technologiesUsing a model of Fujitsu Laboratories for dynamic ensemble forecasting that leverages AI and machine learning technology to imitate human thought processes to make predictions from data characteristics, Fujitsu realized an optimal combination of multiple demand prediction models through automatic tuning. In this way, the service can offer both stable and highly accurate forecasts without the need to select from different forecasting methods by leveraging a learning model that accurately captures the characteristics of individual prediction objects that change according to various factors including periodicities, external factors and trends.2. Easier cooperation to make use of forecast data in various operationsAs Fujitsu offers the forecast service via the cloud, required forecast data can be easily linked with various SaaS applications and APIs running in the cloud, thus supporting the use of forecast data in various planning operations including order placement, production planning, and work scheduling.Future PlansUnder its slogan "Filling Our Planet with Dining Experiences that will Move You," TORIDOLL Holdings will continue to promote DX to offer further new food experiences by combining the two principles of "developing quickly and efficiently" and "taking time and effort". Fujitsu will continue to promote "Digital Shifts," one of its key focus areas under its global business brand Fujitsu Uvance, to realize data-driven management and an agile shift to the "new normal."Fujitsu will present this project at its booth at the Retailtech Japan 2023 event held Tuesday, February 28, 2023 to Friday, March 3 at Tokyo Big Sight, Koto-ku, Tokyo, Japan.(1) 823 Marugame Udon noodle shops in Japan:Number as of January 31, 2023About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

Showa Denko Revises Forecast of Consolidated Performance

3 8 月, 2022

TOKYO, Aug 3, 2022 - (ACN Newswire via SEAPRWire.com) - Showa Denko (SDK) (TOKYO: 4004) announces that, taking the Company's recent performance into account, it revises its forecast of consolidated business results for the first half of the year ending on December 31, 2022 and that for the full year ending on December 31, 2022, both of which were announced on February 13, 2022.1. Revision of forecast of consolidated business results for January 1 - June 30, 2022 https://www.acnnewswire.com/docs/files/Low_SDK20228031.jpg2. Revision of forecast of consolidated business results for January 1 - December 31, 2022https://www.acnnewswire.com/docs/files/Low_SDK20228032.jpgReasons for the revisionIn the first half of 2022, Semiconductor and Electronic Materials segment showed good performance. Net sales in that period are expected to be in slight excess of the previous forecast, which was announced on February 14, 2022, due partly to a weak yen and a rise in prices of products, despite a decrease in sales volumes. Operating income is expected to exceed the previous forecast by about 7.7 billion yen due partly to a weak yen and a rise in prices of products, despite a rise in prices of raw materials, a rise in the cost of energy including electricity rates, and a rise in the cost of transportation. Ordinary income is expected to exceed the previous forecast by about 19.3 billion yen due partly to the recording of valuation profit concerning the Group's assets booked in foreign currencies caused by rapid depreciation of yen, and an improvement in the balance of financial account. Net income attributable to owners of the parent is also expected to exceed the previous forecast by about 25 billion yen due partly to the increase in ordinary income, and change in the period to record an extraordinary loss which is expected to be accrued as the cost of structural reform from the first half of 2022 into the second half of 2022.With regard to the Company's full-year performance forecast for 2022, net sales are expected to exceed the previous forecast due partly to a weak yen and a rise in prices of products. However, we leave the forecast of operating income for 2022 as it is in the previous forecast, which we announced on February 14, 2022, due partly to a rise in prices of raw materials, a rise in the cost of energy, and a rise in the cost of transportation. We expect that ordinary income for 2022 will exceed the previous forecast due partly to our recording of valuation profit concerning the Group's assets booked in foreign currencies and an improvement in the balance of financial account. Net income attributable to owners of the parent is also expected to exceed the previous forecast.Performance forecast and other statements pertaining to the future as contained in this document are based on the information available as of today and assumptions as of today regarding risk factors that could affect our future performance. Actual results may differ materially from the forecast due to a variety of risk factors, including, but not limited to, the influence of the coronavirus disease 2019 (COVID-19) on the world economy, the international situation, costs of naphtha and other raw materials, demand or market conditions for our products such as graphite electrodes and other commodities, and foreign exchange rates. We undertake no obligation to update the forward-looking statements unless required by law.About Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.Media contact:Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)