Demand fluctuations driven by economic conditions, technological innovation and geopolitics
First written in FY2024. 2 of 4 entries say "Restated". Latest entry: FY2026-H1.
Tmh moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2019: 12 of 22 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「In addition, geopolitical tensions have intensified further, with worsening Japan-China relations, the prolonged Russia-Ukraine situation and the de facto closure of the Strait of Hormuz resulting from military conflict involving the United States, Israel and Iran. Uncertainty in the global economy has consequently increased more than ever.」
In addition to the previously cited economic, technological and geopolitical risks, the Company cited Japan-China relations, the situation in the Middle East and the closure of the Strait of Hormuz, noting increased geopolitical tensions and economic uncertainty. - FY2025RestatedAnnual report
「The Group’s results are affected by economic conditions in Japan and overseas, economic trends, technological innovation, social conditions and geopolitical risks.」
The risk of demand volatility from economic conditions, technological innovation and geopolitics continues to be disclosed. - FY2025-H1RestatedAnnual report
「Demand for generative AI remains strong in the semiconductor industry, and companies are maintaining solid performance. At the same time, the first half was marked by developments that challenged the previous assumption that “cutting-edge semiconductors are indispensable for cutting-edge AI,” including the emergence of high-performance AI models that require significantly fewer computing resources and lower costs without relying on conventional large-scale models. This brought a new perspective to the industry structure.」
While reiterating strong demand for generative AI, the Company also noted technological innovations in AI models that could alter the assumptions underlying semiconductor demand. - FY2024First statedAnnual report
「Our results are affected by economic conditions in Japan and overseas, economic trends, technological innovation, social conditions and geopolitical risks.」
External-environment risks include trade policies, transport delays, inflation and regional conflicts.