Demand and price fluctuations due to economic conditions in markets related to core businesses
First written in FY2020. 4 of 18 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
Nippon Carbide Industries Company moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Functional chemicals recorded higher revenue and profit year on year. Profit and loss benefited from higher shipments of products for pharmaceuticals and agricultural chemicals, higher shipments of products for semiconductors as electronics market conditions gradually recovered, and product price revisions.」
In the market environment for the focus areas, the gradual recovery in electronics market conditions and higher demand for semiconductors, pharmaceuticals and agricultural chemicals translated into higher revenue and profit. However, lower revenue and profit due to intensifying competition remain in China's adhesives market. - FY2026-H1MitigatedAnnual report
「Functional chemicals recorded higher revenue and profit year on year. Profit and loss benefited from higher shipments of products for semiconductors and electronic components as electronics market conditions gradually recovered, higher shipments of products for pharmaceuticals and agricultural chemicals, and product price revisions.」
Shipments of related products increased due to the gradual recovery in electronics market conditions and higher demand for semiconductors, electronic components, pharmaceuticals and agricultural chemicals. - FY2025MitigatedAnnual report
「Within the Group's businesses, shipments of electronic and functional products for semiconductors and electronic components increased as electronics market conditions gradually recovered. Shipments of film and sheet products for motorcycles and license plates also increased.」
Shipments of major products increased in the focus markets due to the gradual recovery in electronics market conditions and higher demand for motorcycles and license plates. - FY2025-H1MitigatedAnnual report
「Within the Group's businesses, shipments of electronic and functional products for semiconductors and electronic components increased as electronics market conditions gradually recovered. Shipments of film and sheet products for license plates also increased as automobile sales rose in Europe, the United States and China, and foreign exchange movements had a positive effect on profit and loss.」
Shipments of products for semiconductors and electronic components and products for license plates increased as electronics market conditions gradually recovered and automobile sales rose in Europe, the United States and China. - FY2024ReframedAnnual report
「The Group's focus areas are positioned as "Electronics" and "Safety." Electronics is related to markets for semiconductors and electronic devices, while Safety is related to markets for environmental products, pharmaceuticals and cosmetics, and automobiles. A decline in sales volumes or prices in these related markets could affect the Group's operating results, financial condition and future performance.」
The risks in the markets related to the core businesses were reorganized around the focus areas of "Electronics" and "Safety" and their related markets, rather than the previous list of markets. - FY2024-Q2WorsenedAnnual report
「Within the Group's businesses, electronic and functional products saw shipments of products for semiconductors and electronic components decline due to the weak electronics market from the second half of the previous fiscal year. Shipments of film and sheet products also declined as the liquidation of channel inventories of graphics products in the United States was delayed, but shipments of products for license plates increased as automobile sales recovered in Europe, the United States and China.」
The disclosure noted lower shipments of products for semiconductors and electronic components due to weak electronics market conditions, as well as delayed inventory liquidation in the United States. It also indicated higher shipments of certain products due to the recovery in automobile sales in Europe, the United States and China. - FY2024-Q1WorsenedAnnual report
「Within the Group's businesses, electronic and functional products recorded lower sales as shipments of products for electronic components used in PCs, servers, communications equipment and other applications declined due to the delayed recovery in market conditions. Film and sheet products also recorded lower sales as the recovery in domestic demand for automobiles, signage and other applications was delayed.」
In the markets related to the core businesses, the delayed recovery in market conditions for electronic components, together with the delayed recovery in domestic demand for automobiles, signage and other applications, continues to translate into actual sales declines. - FY2023WorsenedAnnual report
「Electronic and functional products recorded lower sales as shipments declined for products used in liquid crystal panels and electronic components for PCs, servers, communications equipment and other applications, following the end of the COVID-related demand surge.」
In the focus markets, the end of the COVID-related demand surge, declining demand for electronic components and lower automobile sales due to inflation in Europe and the United States were reflected in the results. - FY2023-Q3WorsenedAnnual report
「In the business environment surrounding the Group, shipments of electronic and functional products remained weak due to sluggish demand for liquid-crystal panels, PCs, servers and communications equipment. In addition, the recovery in automobile-related demand in Europe and China was weak, resulting in sluggish shipments of film and sheet products.」
In addition to the weakness in demand for PCs and communications equipment noted in the previous quarter, weak demand spread to liquid crystal panels, servers and other products. The weak recovery in automotive-related demand in Europe and China also translated into sluggish shipments of film and sheet products. - FY2023-Q2Weak PC and communications demand, strong vehicle-related demand in Southeast AsiaAnnual report
「In the business environment surrounding the Group, shipments of products for PCs and communications applications remained weak due to deteriorating market conditions. Meanwhile, shipments of products for motorcycles and automobiles in Southeast Asia remained strong, despite the impact of automobile production cuts due to the global semiconductor shortage.」
In markets related to the core businesses, demand for PC and communications applications was weak, while shipments of products for motorcycles and automobiles in Southeast Asia remained strong despite the impact of automobile production cuts due to semiconductor shortages. - FY2023-Q1Automobile production cuts due to semiconductor shortages alongside strong performance in Southeast AsiaAnnual report
「In the business environment surrounding the Group, demand for semiconductor-related products and for PCs and communications applications associated with expanded teleworking remained firm. Although automobile production was affected by the global semiconductor shortage, shipments of products for motorcycles and automobiles in Southeast Asia remained strong.」
Demand for semiconductors, PCs and communications remained firm, while the impact of automobile production cuts due to semiconductor shortages continued. Shipments of products for motorcycles and automobiles in Southeast Asia remained strong. - FY2022-Q2Market recovery and higher sales of electronic and functional products and film productsAnnual report
「Demand related to semiconductors, PCs and communications remained strong as teleworking expanded, resulting in higher sales of electronic and functional products, including functional chemicals and electronic materials. In addition, sales of film and sheet products increased as automobile and motorcycle production rose in Japan and overseas.」
Recovery and expansion of demand in semiconductor, PC and communications, automobile and motorcycle-related markets were reflected in higher sales of electronic and functional products and film and sheet products. - FY2022-Q1Market recovery and higher sales volumesAnnual report
「In the business environment surrounding the Group, sales of film and sheet products increased as automobile and motorcycle production rose in Japan and overseas. In addition, demand for pharmaceutical-related products, including those for COVID-19 test kits, and for PC and communications applications expanded with the growth of teleworking, resulting in higher sales of electronic and functional products, including functional chemicals and electronic materials.」
Demand in markets related to the core businesses, including automobiles and motorcycles, pharmaceuticals, PCs and communications, recovered and expanded, reflected in higher sales of film and sheet products and electronic and functional products. - FY2021MaterialisedAnnual report
「Although sales for paint applications were weak, functional chemicals, including pharmaceutical-related products such as those for COVID-19 PCR test kits and surface-treatment agents for electronic components, remained firm amid favorable semiconductor market conditions, resulting in lower sales but higher profit compared with the previous fiscal year.」
Higher demand for pharmaceutical products and PCR test kits and semiconductor-related products, together with weak demand for paint and automotive applications, was reflected in actual product-level sales and earnings. - FY2021-Q3MaterialisedAnnual report
「Functional chemicals remained firm, including surface-treatment agents for electronic components, supported by pharmaceutical-related demand such as for COVID-19 PCR test kits and strong semiconductor market conditions, resulting in higher sales and profit year on year. Functional resins remained weak in textile applications and in adhesives for pharmaceutical applications due to the spread of COVID-19, resulting in lower sales and profit year on year. Electronic materials performed well in automotive applications as demand recovered, while ceramic substrates for smart devices such as servers and tablets remained strong as teleworking expanded and 5G spread. Sales of mold-cleaning materials for semiconductors also remained strong amid favorable semiconductor market conditions, resulting in higher sales and profit year on year.」
Fluctuations in markets related to the core businesses were reflected in actual product-level sales and earnings. Pharmaceutical, semiconductor, teleworking and 5G-related products delivered higher sales and profit, while functional resins for textile and pharmaceutical applications delivered lower sales and profit. - FY2021-Q2MaterialisedAnnual report
「Functional chemicals remained firm, including surface-treatment agents for electronic components, supported by pharmaceutical-related demand such as for COVID-19 PCR test kits and strong semiconductor market conditions, resulting in higher sales and profit year on year. Functional resins remained weak in textile and automobile applications and in adhesives for pharmaceutical applications due to the spread of COVID-19, resulting in lower sales and profit year on year. Electronic materials for automotive applications remained weak due to sluggish automobile markets, but ceramic substrates for smart devices such as servers and tablets performed well as teleworking expanded and 5G spread. Sales of mold-cleaning materials for semiconductors also remained strong amid favorable semiconductor market conditions, resulting in higher sales and profit year on year.」
In markets related to the core businesses, lower demand for automobiles and textiles and higher demand for PCR test kits, semiconductors, teleworking and 5G were reflected in actual product-level sales and earnings. - FY2021-Q1MaterialisedAnnual report
「In the business environment surrounding the Group, film and sheet products generally experienced lower sales volumes, partly because automobile and motorcycle production declined due to measures to prevent the spread of COVID-19. Meanwhile, pharmaceutical-related products, including those for COVID-19 test kits, and electronic materials benefited from firm demand for tablets and other devices against the backdrop of expanded teleworking.」
In markets related to the core businesses, lower demand for automobiles and motorcycles and higher demand for pharmaceutical-related products and tablets were reflected in actual sales trends. - FY2020First statedAnnual report
「The Group's core businesses, electronic and functional products and film and sheet products, are affected by markets related to healthcare and agrochemicals, semiconductors, smartphones and tablets, and automobiles. A decline in sales volumes or a fall in prices in these related markets may affect the Group's operating results, financial position and future performance.」
For the core businesses, fluctuations in sales volumes and prices in related markets, including healthcare and agrochemicals, semiconductors, smartphones and tablets, and automobiles, were disclosed independently as a risk for the first time.