Dependence on the Semiconductor and Electronic Component Markets

「Because semiconductor- and electronic component-related sales account for a high proportion of our group's sales, our group may be affected by economic fluctuations occurring approximately every 4 years, known as the silicon cycle, which is characteristic of the semiconductor industry.」

「During the consolidated fiscal year, the semiconductor inventory adjustment cycle bottomed out and demand for personnel began to recover from the first to the second quarter, but it did not reach the anticipated level.」

「As the semiconductor inventory adjustment cycle bottomed out and a recovery in production was expected, some semiconductor-related manufacturers began to show signs of increased demand for personnel.」

「Production activity among semiconductor manufacturing equipment and semiconductor manufacturers has remained stagnant due to the effects of inventory adjustments and other factors continuing since around autumn 2022.」

「Production activity among semiconductor manufacturing equipment and semiconductor manufacturers has remained stagnant due to the effects of inventory adjustments and other factors continuing since around autumn 2022.」

「Production activity among semiconductor manufacturing equipment and semiconductor manufacturers has remained stagnant due to the effects of inventory adjustments and other factors continuing since around autumn 2022.」

「Although medium- to long-term growth in semiconductor demand is expected against a backdrop of expanded information and communications technology and accelerating global decarbonization, production activity among semiconductor manufacturing equipment and semiconductor manufacturers has remained stagnant since around autumn 2022 due to the effects of inventory adjustments and other factors.」

「Because manufacturers related to semiconductors and electronic components account for approximately one-third of our group's sales, our group may be affected by economic fluctuations occurring approximately every 4 years, known as the silicon cycle, which is characteristic of the semiconductor industry.」

「Although medium- to long-term growth in semiconductor demand is expected against a backdrop of expanded information and communications technology and accelerating global decarbonization, signs of a slowdown in capital investment and production activity have emerged among semiconductor manufacturing equipment and semiconductor manufacturers due to the effects of inventory adjustments and other factors.」

「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.」

「Because manufacturers related to semiconductors and electronic components account for approximately one-quarter of our group's sales, our group may be affected by economic fluctuations occurring approximately every 4 years, known as the silicon cycle, which is characteristic of the semiconductor industry. The impact on business performance may be positive or negative, but its extent is difficult to predict. To mitigate the impact of such economic fluctuations on performance, we are leveraging expertise developed in the semiconductor and electronic components fields, expanding our business into manufacturing generally, including automobiles, developing workplaces in each region, expanding engineer staffing, which is less susceptible to economic fluctuations, and strengthening efforts to capture demand for structural reforms in the solutions business.」

「In the semiconductor and electronic components fields, production of semiconductor manufacturing equipment, devices, and other products expanded on increased demand for semiconductors for automobiles and demand related to the next-generation communications standard “5G.” Global semiconductor shortages further intensified the tight supply-demand balance for semiconductors, and semiconductor manufacturing equipment and semiconductor manufacturers were seen raising production capacity at a rapid pace. As a result, demand for personnel became brisk.」

「In the semiconductor and electronic components fields, production of semiconductor manufacturing equipment, devices, and other products expanded on increased demand for semiconductors for automobiles and demand related to the next-generation communications standard “5G.” Global semiconductor shortages further intensified the tight supply-demand balance for semiconductors, and semiconductor manufacturing equipment and semiconductor manufacturers were seen raising production capacity at a rapid pace. As a result, demand for personnel became brisk.」

「In the semiconductor and electronic components fields, production of semiconductor manufacturing equipment, devices, and other products has expanded on increased demand for semiconductors for automobiles and demand related to the next-generation communications standard “5G.” Global semiconductor shortages have further intensified the tight supply-demand balance for semiconductors, prompting semiconductor manufacturing equipment and semiconductor manufacturers to raise production capacity at a rapid pace. As a result, demand for personnel also became brisk.」

「In the semiconductor and electronic components fields, signs of a recovery in demand for personnel have emerged as production of semiconductor manufacturing equipment, devices, and other products is expected to expand on demand related to the next-generation communications standard “5G.”」

「In the semiconductor and electronic components fields, there was some demand for personnel in anticipation of expanded production of semiconductor manufacturing equipment and devices driven by demand related to the next-generation communications standard 5G. However, production activity itself remained weak, and demand for personnel did not recover fully.」

「Regarding the environment surrounding our group, in addition to stagnant demand for personnel caused by production adjustments in semiconductor- and electronic component-related fields since early 2019, stemming from the US-China trade friction, infection-prevention measures accompanying the global spread of COVID-19 had various effects, including supply-chain disruptions and declining automobile demand, particularly in the automotive field, which led to an increase in the number of factories temporarily suspending operations.」

「Regarding the environment surrounding our group, customers in the semiconductor and electronic components fields remained in a phase of production adjustments due to the slowdown in the Chinese economy, declining global smartphone demand, and the postponement of capital investment by semiconductor manufacturers.」

「Regarding the environment surrounding our group, customers in the semiconductor and electronic components fields remained in a phase of production adjustments due to the slowdown in the Chinese economy, declining global smartphone demand, and the postponement of capital investment by semiconductor manufacturers.」

「Due to the slowdown in the Chinese economy, declining global smartphone demand, and the postponement of capital investment by semiconductor manufacturers, customers in the semiconductor and electronic components fields have remained in a phase of production adjustments since January 2019.」

「During the nine-month consolidated period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「Our group’s customers are primarily manufacturers related to semiconductors and electronic components, which account for approximately 40% of total sales. Accordingly, while leveraging expertise developed in the semiconductor and electronic components fields, our group is diversifying business volatility risk by expanding its focus areas into automobiles and other fields.」

「Demand for large numbers of workers expanded, particularly in the semiconductor and electronic components fields for smartphones and automotive equipment.」

「Demand for large numbers of workers expanded, particularly in the semiconductor and electronic components fields for smartphones and automotive equipment.」

「In particular, in the semiconductor and electronic components fields, customer orders and recruitment increased because demand for electronic components for smartphones and automotive equipment was strong and our response to the EICC (Electronic Industry Code of Conduct), required in the electronics industry supply chain, was highly valued.」

「In particular, in the semiconductor and electronic components fields, customer orders and recruitment increased because demand for electronic components for smartphones and automotive equipment was strong and our response to the EICC (Electronic Industry Code of Conduct), required in the electronics industry supply chain, was highly valued.」

「Our group’s customers are primarily manufacturers related to semiconductors and electronic components, which account for approximately 40% of total sales. Accordingly, while leveraging expertise developed in the semiconductor and electronic components fields, our group is diversifying business volatility risk by expanding its focus areas into automobiles and the environment and energy fields. However, the semiconductor and electronic components fields are susceptible to economic conditions, and recurring sales may not be secured or may fluctuate sharply.」