Risk that growth in the AI-related market will not translate into demand for flash memory
First written in FY2025. 3 of 5 entries say "Mitigated", first in FY2026-H1. Latest entry: 2026-07-31.
The whole theme swung hardest in 2023: 43 of 66 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- 2026-07-31MitigatedRevision of earnings forecasts
「Revenue for the first quarter of the current consolidated cumulative period (1 April to 30 June 2026) was ¥1,767.1 billion, an increase of ¥1,424.3 billion year on year. This was attributable to a substantial rise in average selling prices resulting from strong demand from data center customers, particularly for generative AI applications, as well as increased shipment volumes on a memory-capacity basis and improved foreign exchange rates, among other factors.」
Showed as an actual result for the Quarter that growth in the generative AI-related market had led to data center demand, higher average selling prices and increased revenue. It did not state that the risk of future demand shifts had disappeared. - FY2026MitigatedAnnual report
「Revenue for the consolidated fiscal year from 1 April 2025 to 31 March 2026 was ¥2,337.6 billion, up ¥631.2 billion year on year. This substantial increase was primarily due to a significant rise in average selling prices driven by strong demand from data center customers, particularly for generative AI applications, and higher shipments on a memory-capacity basis.」
The Group states that AI demand actually led to data center flash memory demand and higher revenue, while the risk that demand may not convert in the future remains. - 2026-05-15RestatedRevision of earnings forecasts
「This substantial increase in revenue was mainly attributable to a substantial rise in average selling prices resulting from strong demand from data center customers, particularly for generative AI applications, as well as an increase in shipment volumes on a memory-capacity basis.」
Reaffirmed, based on full-year results, that data center demand, particularly for generative AI applications, had led to increases in revenue and shipment volumes. - FY2026-H1MitigatedAnnual report
「In the flash memory market, demand is growing steadily by application. For data centers and enterprise applications, this is due to rising demand for AI servers, while for PCs and smartphones it reflects replacement demand and higher average installed capacity in GB following the launch of new AI models.」
During the six-month consolidated accounting period, the Group described a situation in which AI-market growth was translating into flash memory demand. It did not state that the risk of future demand conversion had disappeared. - FY2025First statedAnnual report
「There is no guarantee that AI-related markets will grow as expected, and growth in AI-related markets will not necessarily lead to demand for flash memory given the availability of other memory semiconductors, including DRAM, and HDDs.」
The Group’s responses include market research, customer dialogue, monitoring AI-related needs and R&D.