Slowing Industrial Equipment Demand Due to China’s Economic Downturn and Cautious Capital Investment
First written in FY2017-Q1. 12 of 28 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2019: 13 of 20 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In the domestic industrial equipment market, recovery was delayed in the first half of the year due to customer inventory adjustments, while recovery progressed in overseas markets.」
Although customer inventory adjustments remained in the domestic market, recovery progressed in overseas markets, indicating some improvement from the previous adjustment phase in industrial equipment demand. - FY2026-H1RestatedAnnual report
「Meanwhile, the industrial equipment market remained in an adjustment phase across a broad range of fields, including factory automation, machine tools, medical equipment and measuring equipment, due to the effects of prolonged inventory adjustments.」
The prolonged inventory adjustments continue to manifest as an adjustment phase across a broad range of fields, including factory automation, machine tools, medical equipment and measuring equipment. - FY2025-H1WorsenedAnnual report
「In the industrial equipment market, signs of a market recovery emerged across a broad range of fields, including factory automation, machine tools, medical equipment and measuring equipment, but the market entered an adjustment phase due to stagnation in China and the effects of inventory adjustments.」
Against previously solid capital investment and factory automation demand, the effects of China’s stagnation and inventory adjustments have emerged as an adjustment phase across a broad range of industrial equipment fields. - FY2024-Q3RestatedAnnual report
「Governments in various countries provided support for capital investment in semiconductor plants to secure future semiconductor supplies, creating expectations for long-term demand for semiconductor manufacturing equipment and other products.」
Government-led support for investment in semiconductor plants and expectations for long-term demand for semiconductor manufacturing equipment and other products continue to support industrial equipment demand. - FY2024-Q2RestatedAnnual report
「In the industrial equipment market, governments in various countries led investment in semiconductor plants to secure future semiconductor supplies, creating expectations for long-term demand for semiconductor manufacturing equipment and other products. Capital investment in factory automation equipment, machine tools and other equipment for manufacturing DX (digital transformation) also remained firm.」
Government-led investment in semiconductor plants and capital investment for manufacturing DX continued to support industrial equipment demand. - FY2024-Q1MitigatedAnnual report
「In the industrial equipment market, governments in various countries led investment in semiconductor equipment to secure future semiconductor supplies. Capital investment in equipment for manufacturing DX (digital transformation) also remained firm.」
Government-led investment in semiconductor equipment and investment in equipment for manufacturing DX supported demand in the industrial equipment market, easing the previous risk of a demand slowdown. - FY2023-Q3RestatedAnnual report
「In the industrial equipment market, capital investment in factory automation equipment and machine tools for manufacturing DX (digital transformation), driven by efficiency improvements, labor saving and decarbonization, continued. In addition, governments in various countries led investment in semiconductor equipment to secure semiconductor supplies.」
Despite the previous risk of a demand slowdown due to China’s economy and more cautious capital investment, continued investment in factory automation equipment, machine tools and semiconductor equipment was reaffirmed. - FY2023-Q1MitigatedAnnual report
「Demand expanded in the industrial equipment market for factory automation equipment and machine tools aimed at automating and upgrading manufacturing, as well as various types of semiconductor manufacturing equipment.」
Demand for factory automation equipment, machine tools and semiconductor manufacturing equipment continued to expand, continuing to ease the previous risk of a demand slowdown caused by China’s economic downturn and more cautious capital investment. - FY2022-Q3MitigatedAnnual report
「Demand in the industrial equipment market expanded, led by factory automation equipment and machine tools aimed at automating and upgrading production, and semiconductor manufacturing equipment amid accelerating investment in semiconductors. Demand also increased across a broad range of fields, including medical and measuring equipment.」
Demand growth was reported across a broad range of fields, including factory automation equipment, machine tools, semiconductor manufacturing equipment, medical equipment and measuring equipment, continuing to ease the previous risk of a slowdown in industrial equipment demand. - FY2022-Q2MitigatedAnnual report
「Demand expanded in the industrial equipment market, led by factory automation equipment and machine tools aimed at automating and upgrading production, as well as semiconductor manufacturing equipment responding to growing semiconductor demand.」
Demand for industrial equipment expanded, led by factory automation equipment, machine tools and semiconductor manufacturing equipment, continuing to ease the previous risk of a demand slowdown caused by slower capital investment in China and inventory adjustments. - FY2022-Q1MitigatedAnnual report
「In the industrial equipment market, machine tools, factory automation equipment and other products expanded, supported by capital investment in semiconductor manufacturing equipment and new products such as electric vehicles amid the semiconductor shortage.」
Machine tools, factory automation equipment and other products expanded against a backdrop of capital investment in semiconductor manufacturing equipment and electric vehicles in the previously stagnant industrial equipment market, easing the risk of a demand slowdown. - FY2021-Q3MitigatedAnnual report
「The industrial equipment market showed signs of recovery as demand for production equipment serving those markets returned.」
The previously stagnant industrial equipment market, affected by slower capital investment in China and inventory adjustments, showed signs of recovery as demand for production equipment returned, easing the risk of a demand slowdown. - FY2021-Q2MitigatedAnnual report
「Demand related to factory automation and semiconductor manufacturing equipment was sustained in the industrial equipment market, which performed steadily.」
Demand related to factory automation and semiconductor manufacturing equipment was sustained in the previously stagnant industrial equipment market, which was reported to be performing steadily. Support from a recovery in Chinese demand and investment in leading-edge semiconductors continues. - FY2021-Q1Support from China’s recovery and leading-edge semiconductor investment alongside slowing domestic demandAnnual report
「In the industrial equipment market, higher demand following China’s earlier return to economic activity than other countries, together with demand for semiconductor manufacturing equipment driven by investment in leading-edge semiconductors, helped offset slowing domestic demand.」
While domestic demand slowed, China’s return to economic activity and investment in leading-edge semiconductors provided support, leaving deterioration factors and supporting factors coexisting. - FY2020-Q3SoftenedAnnual report
「The industrial equipment market remained in difficult conditions, with inventory adjustments continuing despite the emergence of some positive signs, including a recovery in semiconductor demand, particularly in Asia.」
The recovery in semiconductor demand, particularly in Asia, provided some positive signs, tempering the previously consistently negative assessment somewhat. Inventory adjustments, however, are continuing. - FY2020-Q2WorsenedAnnual report
「The industrial equipment market stagnated, particularly in factory automation and industrial robots for China, as inventory adjustments continued due to slower capital investment in China amid US-China trade tensions, the end of the smartphone demand cycle and other factors.」
Slower capital investment in China and continued inventory adjustments have prolonged stagnation in factory automation, industrial robots and other products for China. - FY2020-Q1WorsenedAnnual report
「The industrial equipment market stagnated, particularly in factory automation and industrial robots for China, as inventory adjustments continued due to slower capital investment in China amid US-China trade tensions, the end of the smartphone demand cycle and other factors.」
Slower capital investment in China has prolonged inventory adjustments, and stagnation in factory automation, industrial robots and other products for China has been explicitly reported. - FY2019RestatedAnnual report
「The industrial equipment market remained sluggish, particularly in factory automation and industrial robots for China, due to restrained capital investment amid US-China trade tensions and the end of the smartphone demand cycle.」
The full-year results confirmed continued weakness in factory automation, industrial robots and other products for China due to US-China trade tensions and the end of the smartphone demand cycle. - FY2019-Q3WorsenedAnnual report
「In the electronics industry in which the company operates, the mobile device market was slowing as smartphone demand reached maturity. As a result, the industrial equipment market, including production equipment and measuring instruments for those products, as well as factory automation for China and semiconductor manufacturing equipment, declined amid the effects of US-China trade tensions and reduced capital investment by memory manufacturers.」
The industrial equipment market, including factory automation and semiconductor manufacturing equipment for China, has continued to decline against a backdrop of mature smartphone demand, US-China trade tensions and reduced capital investment by memory manufacturers. - FY2019-Q2WorsenedAnnual report
「The industrial equipment market showed signs of a slowdown in some areas, including factory automation and industrial robots for China, due to restrained capital investment amid US-China trade tensions and the end of the smartphone demand cycle.」
Against previously strong demand for automation, some factory automation and industrial robot demand for China has slowed due to restrained capital investment amid US-China trade tensions and the end of the smartphone demand cycle. - FY2019-Q1RestatedAnnual report
「The market remained strong, as demand for automation continued, particularly in China, driving growth in factory automation and industrial robots.」
Continued demand for automation, including in China, and growth in factory automation and industrial robots reaffirmed the strength of the industrial equipment market. - FY2018MitigatedAnnual report
「The industrial equipment market generally performed well, as demand for automation accelerated against a backdrop of labor shortages and rising labor costs, along with the construction of new semiconductor manufacturing plants and other factors.」
Accelerating demand for automation and the construction of new semiconductor manufacturing plants kept the industrial equipment market generally strong, easing previous concerns about a demand slowdown. - FY2018-Q3MitigatedAnnual report
「The industrial equipment market generally performed well, supported by continued investment in labor-saving measures at manufacturing plants and in semiconductor manufacturing equipment and other areas in China.」
Labor-saving investment at Chinese manufacturing plants and continued investment in semiconductor manufacturing equipment and other areas kept the industrial equipment market generally strong, continuing to ease previous concerns about a demand slowdown. - FY2018-Q2MitigatedAnnual report
「In the industrial equipment market, investment in smartphone facilities in China had peaked, but expansion of electric vehicle production facilities and the accelerating adoption of factory automation in general manufacturing in China, together with firm orders from Europe and the United States, kept machine tool orders and related indicators at high levels.」
Although investment in smartphone facilities in China had peaked, electric vehicles, factory automation and orders from Europe and the United States provided support, keeping the industrial equipment market as a whole at a high level. - FY2018-Q1MitigatedAnnual report
「The industrial equipment market performed well, as demand continued for equipment related to automotive and smartphone production facilities and for new memory manufacturing plants, while manufacturing-related equipment and other products also remained strong.」
The market has shifted from the overall weakness seen through the previous quarter to solid performance supported by demand for production equipment and new memory plant construction. - FY2017-Q3RestatedAnnual report
「The industrial equipment market remained sluggish overall, although signs of a recovery were seen in semiconductor manufacturing equipment and other areas.」
The recovery in semiconductor manufacturing equipment and other areas, along with the overall market’s weakness, was again reported, following the previous quarter. - FY2017-Q2SoftenedAnnual report
「The industrial equipment market remained sluggish overall, although signs of a recovery were seen in semiconductor manufacturing equipment and other areas.」
The recovery in semiconductor manufacturing equipment and other areas indicated a partial easing of the demand slowdown, but the market as a whole remains sluggish. - FY2017-Q1First statedAnnual report
「The industrial equipment market slowed as continued weakness in overseas demand and uncertainty about the outlook made companies more cautious about capital investment.」
The company explained that production activity slowed due to weak overseas demand, uncertainty about the outlook and more cautious capital investment.