Supplier M&A, Changes in Distributor Policies, and Competition Among Semiconductor Distributors
First written in FY2018. 1 of 2 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2018: 3 of 16 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「Against a backdrop of the impact of U.S.-China trade friction, intensifying competition among semiconductor distributors resulting from supplier consolidation and realignment, and domestic industry reorganizations involving acquisitions and integrations among distributors, the business environment is undergoing significant change.」
Continued changes in the business environment involving supplier M&A, changes in distributor policies and competition among semiconductor distributors are indicated. - FY2018First statedAnnual report
「If a supplier is involved in an M&A transaction or a reorganization of distributors occurs as a result of a supplier reviewing its own distributor policies, the resulting changes in distribution rights and other factors could affect business performance.」
The Company identifies changes in distribution rights resulting from supplier M&A and distributor reorganizations, declining product development capabilities at suppliers, and intensifying competition among semiconductor distributors as potential risks.