Business Environment Uncertainty Driven by Technological Innovation, Corporate Restructuring, and Supply-Demand Shifts

「The business environment surrounding the Group is highly susceptible to economic trends, foreign exchange fluctuations and geopolitical risks, and high uncertainty about the outlook continues.」

「Memory market conditions are experiencing price increases against a backdrop of tight supply and demand, and changes in the procurement environment are affecting business operations.」

「In addition to geopolitical risks and tensions between the United States and China, supply is tight in the semiconductor market because production capacity for certain memory products is being shifted from older to newer generations by major semiconductor memory manufacturers.」

「Although the memory market, which had deteriorated during the first half of the fiscal year, began to recover after reaching a bottom around the middle of the fiscal year, some markets remain in an adjustment phase and demand overall remained sluggish.」

「Although the deteriorating memory market has shown signs of a bottom and recovery, some markets remain in an adjustment phase, and outlooks vary, leaving the situation uncertain.」

「Although memory and display market conditions had deteriorated, signs of a bottom finally emerged recently.」

「Although memory and display market conditions had deteriorated significantly, signs of a bottom finally emerged recently.」

「In the electronics industry in which the Group operates, production adjustments due to sluggish demand and inventory adjustments following the easing of supply constraints are being observed, particularly for electronic equipment dependent on personal consumption of products such as home appliances, PCs and smartphones. Accordingly, deterioration in memory and display market conditions continues, leaving the situation uncertain.」

「As a result, deterioration in market conditions, particularly for memory and displays, has continued, leaving the situation uncertain.」

「As supply constraints for products such as memory and liquid-crystal displays have eased, falling prices and declining demand resulting from persistently high customer inventories of those products have been observed, and the uncertain situation continues.」

「In addition to concerns over declining demand due to weaker personal consumption resulting from rising prices, concerns have grown over falling prices as supply constraints ease for semiconductor- and display-related products, and declining demand due to persistently high inventory levels of those products, leaving the situation uncertain.」

「The uncertain situation continues amid concerns over declining demand due to the impact of ongoing lockdowns in China and prolonged semiconductor lead times, as well as weaker personal consumption resulting from rising prices.」

「Meanwhile, concerns remain over production adjustments resulting from shortages of semiconductors and other components, declining demand due to the semiconductor industry's cyclical market conditions, and rising costs including logistics expenses, leaving the situation uncertain.」

「In the electronics industry in which the Group operates, shortages of various products, including semiconductor products, continue amid strong demand, while concerns such as production adjustments and rising purchase prices persist, leaving the situation uncertain.」

「Meanwhile, shortages of various products, including semiconductor products, have intensified, and the situation remains uncertain due to concerns such as customer production adjustments and rising purchase prices.」

「The situation remains uncertain, with concerns including production adjustments against the backdrop of shortages of semiconductors and other components and rising purchase prices.」

「In addition, amid the recent semiconductor supply shortage, automakers that had been on a recovery path announced production adjustments, and the market for automotive equipment is also facing a difficult environment.」

「In the electronics industry in which the Group operates, some markets are expected to expand with the progress of 5G, while others benefit from lifestyle changes, including changes in working styles, and still others are facing difficulties, resulting in diverging market conditions.」

「In the electronics industry in which the Group operates, some fields are expected to benefit from lifestyle changes, including the spread of working from home introduced around the world to prevent the spread of infection and increased demand for staying at home, while supply chains in Japan show signs of recovery following the lifting of the state of emergency. However, the timing of the end of the infectious disease remains uncertain, and declining consumer sentiment resulting from the global economic downturn has prompted customers to adjust production, resulting in a difficult business environment.」

「The global spread of COVID-19 disrupted supply chains, further intensifying the difficult environment.」

「In the electronics industry in which the Group operates, the digitalization of the industry through the use of AI and IoT technologies is expected to advance, driven by labor-saving and rationalization needs arising from a severe labor shortage, and demand for 5G-compatible equipment is expected to expand. At the same time, production cuts are particularly pronounced in industries such as industrial equipment and electronic components and devices where exports are declining, and demand remains generally weak, so the difficult environment continues.」

「Although demand is expected to expand in the AI and IoT fields, driven by labor-saving and rationalization needs arising from a severe labor shortage, and for 5G-compatible equipment, demand remains sluggish due to declining exports, particularly of industrial equipment to China, and the difficult environment continues.」

「Although demand in the AI and IoT fields, supported by expanding cloud demand for data centers and other applications, and in automotive-related fields has provided underlying support for the electronics industry in which the Group operates, market conditions have slowed since the second half of the previous year due to declining exports to China, the smartphone market reaching maturity and a lull in data-center investment, and have deteriorated further as memory prices declined.」

「The electronics industry in which the Group operates is subject to constant changes in conditions, including technological innovation, corporate restructuring and supply-demand fluctuations, but remains an environment in which further growth is expected as the digitalization of various types of equipment expands and advances.」

「The electronics industry in which the Group operates is subject to constant changes in conditions, including technological innovation, corporate restructuring and supply-demand fluctuations, but remains an environment in which further growth is expected as the digitalization of various types of equipment expands and advances.」

「The electronics industry in which the Group operates is subject to constant changes in conditions, including technological innovation, corporate restructuring and supply-demand fluctuations.」