Maturity and saturation of the smartphone market
First written in FY2016. 8 of 21 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026ReframedAnnual report
「In the electronics market, concerns exist that tight memory supply and demand could affect supplies to consumer applications such as PCs and smartphones. However, demand for advanced package substrates is expected to continue expanding, particularly in AI-related fields.」
In addition to the previous explanation of smartphone market maturity and slowing demand, the risk discussion has expanded to supply-side concerns that tight memory supply and demand could affect supplies to consumer applications. - FY2025WorsenedAnnual report
「In the electronics market, which is the Group's main market, the decline in demand caused by inventory adjustments for semiconductors and electronic components used in PCs and data centres bottomed out and recovered gradually. In the automotive electronics sector, although growth in the electric vehicle (EV) market has recently slowed, demand for automotive power devices and ADAS (advanced driver assistance systems) remained generally firm, supported by vehicle electrification and advances in autonomous driving technology.」
While demand for PCs and data centres was said to have bottomed out and recovered gradually, the maturity and slowdown of the existing smartphone market and slower growth in the EV market were also explicitly noted. - FY2024-Q2RestatedAnnual report
「In the electronics market, which is the Group's main market, the automotive sector remained firm, supported by a recovery in vehicle production and the spread of electric vehicles (EVs). However, the overall market environment was challenging due to the decline in PC and smartphone demand and the impact of slower growth in the data centre market.」
It maintains the same view as the previous quarter of a challenging electronics market environment, including declining smartphone demand. - FY2024-Q1WorsenedAnnual report
「In the electronics market, which is the Group's main market, the automotive sector remained firm, supported by a recovery in vehicle production and the spread of electric vehicles (EVs). However, the overall market environment was challenging due to the decline in PC and smartphone demand and the impact of slower growth in the data centre market.」
In addition to declining smartphone demand, declines in PC demand and slower growth in the data centre market are explicitly noted, resulting in a challenging overall environment for the electronics market. - FY2023-Q3WorsenedAnnual report
「In the electronics market, which is the Group's main market, the automotive sector remained firm, supported by a recovery in vehicle production and the spread of electric vehicles (EVs). However, demand for semiconductors and electronic components for smartphones, PCs and data centres slowed.」
The description of demand for semiconductors and electronic components, including those for smartphones, has changed from recovery and expansion to a slowdown in demand. The slowdown in smartphone demand is presented as an actual market condition. - FY2021-Q3MitigatedAnnual report
「The Group's main plating chemicals for printed circuit boards and package substrates exceeded the same quarter of the previous year in both net sales and segment profit, due to increased demand for 5G-compatible smartphones and expanding demand from PCs and data centres against the backdrop of the rapid spread of teleworking and online learning.」
Although concerns remain over the maturity and slowdown of the smartphone market, increased demand related to 5G-compatible smartphones is noted, indicating some improvement on the demand side. - FY2021-Q1WorsenedAnnual report
「In the electronics market, which is the Group's main market, markets for automobiles and smartphones stagnated due to the decline in personal consumption and the suspension of operations at production plants caused by the COVID-19 pandemic. However, demand for servers remained firm, supported by the commercialisation of 5G (fifth-generation mobile communications) and the spread of teleworking.」
In addition to concerns over the maturing and slowing smartphone market, it describes stagnation in the automobile and smartphone markets resulting from the decline in personal consumption and the suspension of production plant operations caused by the COVID-19 pandemic. - FY2020-Q3RestatedAnnual report
「In the electronics market, which is the Group's main market, production volumes of automotive electronic components remained firm, supported by efforts to improve vehicle safety and convenience. Although the smartphone market continued to slow due to weak demand, demand was beginning to emerge ahead of the introduction of 5G (fifth-generation mobile communications).」
While the smartphone market continues to slow due to weak demand, it newly notes the emergence of demand ahead of the introduction of 5G. - FY2020-Q2RestatedAnnual report
「In the electronics market, which is the Group's main market, production volumes of automotive electronic components remained firm, supported by efforts to improve vehicle safety and convenience. However, the smartphone market continued to slow due to weak demand.」
It notes that the smartphone market continues to slow due to weak demand, maintaining the view of a slowdown held through the previous quarter. - FY2020-Q1WorsenedAnnual report
「In the electronics market, which is the Group's main market, production volumes of automotive electronic components remained firm, supported by efforts to improve vehicle safety and convenience. However, the PC and smartphone markets showed a clear slowdown due to inventory adjustments.」
It notes concerns over the maturing and slowing smartphone market, as well as a clear slowdown in the PC and smartphone markets due to inventory adjustments. - FY2019-Q3RestatedAnnual report
「In the electronics market, the group’s primary market, demand for electronic components expanded as packaging technologies advanced to support increasingly sophisticated and higher-performance smartphones, and the number of automotive electronic components installed increased sharply.」
Against the backdrop of a maturing smartphone market, it continues to note expanding demand for electronic components driven by higher functionality and performance, as well as the increased adoption of automotive electrical and electronic equipment. - FY2019-Q2RestatedAnnual report
「In the electronics market, the group’s primary market, demand for electronic components expanded as packaging technologies advanced to support increasingly sophisticated and higher-performance smartphones, and the number of automotive electronic components installed increased sharply.」
The company continues to report that demand for electronic components is expanding as smartphones become more sophisticated and the number of automotive electronic components installed increases, despite concerns about smartphone market maturation. - FY2019-Q1MitigatedAnnual report
「In the electronics market, the group’s primary market, demand for electronic components expanded as packaging technologies advanced to support increasingly sophisticated and higher-performance smartphones, and the number of automotive electronic components installed increased sharply.」
Despite concerns about the maturation of the smartphone market, demand for electronic components expanded as packaging technologies advanced alongside greater smartphone functionality and performance. - FY2018RestatedAnnual report
「Although the growth rate of smartphone shipments, which have driven the market, is slowing as China, the largest market, matures, demand for high-value-added electronic components associated with the increasing functionality of devices, particularly high-end models, is expected to remain firm.」
While the company continues to recognize slowing growth in smartphone shipments as the Chinese market matures, it expects demand for high-value-added components associated with increasing device functionality. - FY2018-Q3MitigatedAnnual report
「In the electronics market, the group’s primary market, demand for electronic components expanded as the number of automotive electronic components increased with improvements in vehicle safety and convenience, and the number of components per smartphone increased as smartphones became more sophisticated.」
Despite concerns about smartphone maturity and saturation, demand for electronic components expanded as the number of automotive electronic components increased and the number of components per smartphone rose. - FY2018-Q2RestatedAnnual report
「In the electronics market, the smartphone and tablet markets grew moderately, and signs of a recovery also emerged in the PC market.」
The smartphone and tablet markets continue to grow moderately, with no significant change in the company’s view regarding concerns about the smartphone market’s maturity and saturation. - FY2018-Q1MitigatedAnnual report
「In the electronics market, the group’s primary market, the smartphone and tablet markets grew moderately, while weak demand in the PC market continued.」
In contrast to the previous concerns about smartphone production adjustments and saturation, the company states that the smartphone and tablet markets have returned to moderate growth. Meanwhile, weak demand in the PC market continues. - FY2017-Q3MaterialisedAnnual report
「Revenue from the company’s core plating chemicals for printed circuit boards and package substrates declined due to the impact of production adjustments for high-end smartphones.」
The maturation of smartphone penetration and slowing growth have translated into lower sales of major products through production adjustments for high-end models. - FY2017-Q2RestatedAnnual report
「In the electronics market, the group’s primary market, production of automotive electronic components increased as vehicles became safer and more convenient, while smartphone production slowed somewhat as market penetration reached a plateau.」
The company indicates that smartphone penetration has reached a plateau and that the slowdown in production is continuing. - FY2017-Q1MaterialisedAnnual report
「In the electronics market, the group’s primary market, production of automotive electronic components increased as vehicles became safer and more convenient, but smartphone production, particularly of high-end models, remained sluggish.」
The slowdown in production, particularly of high-end smartphones, has occurred in practice, and the company states that adjustments to smartphone production affected its results. - FY2016First statedAnnual report
「Smartphones, which have driven the market, have already reached maturity in Europe, the United States and Japan, and the Chinese market is also becoming somewhat saturated. As a result, the company can no longer expect the high growth seen in the past.」
The company recognizes slowing growth in its major demand markets as a business-environment challenge.