Decline in Machinery Orders Due to More Cautious Capital Investment by Domestic and Overseas Customers
First written in FY2017-Q1. 15 of 26 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2019: 16 of 38 companies on the "Worse" side.
18 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Although net sales were below the year-earlier period, segment income exceeded the year-earlier period due to sales of high-value-added plating equipment for semiconductor wafers. As a result, for the interim consolidated accounting period, net sales were ¥3,440 million, down 8.4% year on year, while segment income was ¥454 million, up 40.1%.」
In the Machinery business, net sales decreased 8.4%, while segment income increased 40.1% due to sales of high-value-added plating equipment for semiconductor wafers, partly offsetting the impact of lower orders resulting from the capital investment cycle. - FY2026WorsenedAnnual report
「The main reason for the decline in orders in the surface-treatment machinery business was the end of capital investment by package substrate manufacturers, which are major customers of the Group.」
The end of capital investment by package substrate manufacturers caused machinery business orders to decline 44.5% year on year and the order backlog to decline 32.9%. - FY2025WorsenedAnnual report
「In the surface-treatment machinery business, the end of capital investment by package substrate manufacturers caused revenue and segment profit to fall below the previous fiscal year. As a result, revenue for the fiscal year was ¥9,157 million, down 37.0% year on year, and segment profit was ¥582 million, down 75.9%.」
The end of capital investment by package substrate manufacturers was reflected in full-year results, with machinery business revenue down 37.0% and segment profit down 75.9%. - FY2025-H1WorsenedAnnual report
「As the new capital investment cycle by package substrate manufacturers came to an end, both revenue and segment profit fell below the levels of the same period of the previous year. As a result, revenue for the interim consolidated period was ¥3,888 million, down 33.0% year on year, and segment profit was ¥286 million, down 62.8%.」
The end of new capital investment by package substrate manufacturers was reflected in machinery business results, with revenue down 33.0% and segment profit down 62.8%. The weakness in the order environment is reflected in the results. - FY2024-Q3MitigatedAnnual report
「Sales of plating equipment for semiconductors and electronic components increased in Japan, resulting in revenue and segment profit both exceeding the same quarter of the previous year. Accordingly, revenue for the nine months ended the third quarter was ¥9,097 million, up 32.2% year on year, and segment profit was ¥1,220 million, up 156.4%.」
Increased sales of equipment for semiconductors and electronic components drove machinery business orders and performance above the levels of the same quarter of the previous year, mitigating the risk to the order environment from customers becoming more cautious about capital investment during this period. - FY2024-Q2MitigatedAnnual report
「Sales of plating equipment for semiconductors and electronic components increased in the Japanese and Chinese markets, resulting in revenue and segment profit both exceeding the same quarter of the previous year. Accordingly, revenue for the six months ended the second quarter was ¥5,804 million, up 45.3% year on year, and segment profit was ¥771 million, up 235.0%.」
Increased sales of plating equipment for semiconductors and electronic components improved machinery business orders and performance, mitigating the risk to the order environment from customers becoming more cautious about capital investment during this period. - FY2024-Q1MitigatedAnnual report
「Sales of plating equipment for semiconductor wafers used to manufacture automotive power devices increased in Japan, resulting in revenue and segment profit both exceeding the same quarter of the previous year. Accordingly, revenue for the three months ended the first quarter was ¥1,968 million, up 7.6% year on year, and segment profit was ¥185 million, up 34.7%.」
Increased sales of semiconductor wafer plating equipment for automotive power devices drove machinery business orders and performance above the levels of the same quarter of the previous year. - FY2023-Q3MitigatedAnnual report
「Demand for surface-treatment machinery for semiconductors and electronic components remained strong, particularly in the Japanese market, the Taiwanese market and eastern China. As a result, revenue for the cumulative third quarter of the fiscal year was ¥6,883 million, up 58.2% year on year, and segment profit was ¥476 million, up 36.3%.」
Demand for surface-treatment machinery for semiconductors and electronic components was strong, particularly in Japan, Taiwan and eastern China. Revenue increased 58.2% and segment profit increased 36.3%. The risk to the order environment from customers becoming more cautious about capital investment was mitigated in the machinery business during this period. - FY2023-Q2MitigatedAnnual report
「Demand for surface-treatment machinery for semiconductors and electronic components remained strong, particularly in the Japanese and Taiwanese markets, and revenue exceeded the same quarter of the previous year.」
Demand for machinery for semiconductors and electronic components was strong, particularly in the Japanese and Taiwanese markets, temporarily easing the risk to the order environment from customers becoming more cautious about capital investment. - FY2022WorsenedAnnual report
「In the surface-treatment machinery business, demand for surface-treatment machinery for semiconductors and packages continued to trend higher, but sales of general-purpose surface-treatment machinery declined, causing revenue and segment profit to fall below the previous fiscal year. As a result, revenue for the fiscal year was ¥7,013 million, down 10.4% year on year, and segment profit was ¥680 million, down 25.7%.」
Although demand for machinery related to semiconductors and packages continued to trend higher, lower sales of general-purpose machinery caused machinery business revenue to decline 10.4% and segment profit to decline 25.7%. - FY2021MitigatedAnnual report
「In the surface-treatment machinery business, the order environment for machinery recovered as electronic component and automotive component manufacturers became more willing to invest in equipment. Sales of high-value-added plating machinery for semiconductor wafers also increased, resulting in revenue and segment profit both exceeding the previous fiscal year. As a result, revenue for the fiscal year was ¥7,825 million, up 5.3% year on year, and segment profit was ¥916 million, up 23.8%.」
Despite the risk of lower orders resulting from customers becoming more cautious about capital investment, the order environment recovered. Full-year revenue increased 5.3% and segment profit increased 23.8%. - FY2021-Q2MitigatedAnnual report
「In addition to recording sales of machinery and equipment for the aircraft sector, sales of high-value-added plating machinery for semiconductor wafers increased, and both net sales and segment income exceeded the same period of the previous year. As a result, for the six months ended the second quarter, net sales were ¥426 million, up 40.9% year on year, and segment income was ¥23 million, up 81.9%.」
Despite the risk to machinery orders from customers becoming more cautious about capital investment, revenue and segment profit exceeded the same quarter of the previous year, driven by the recognition of sales of equipment for the aircraft sector and increased sales of high-value-added machinery for semiconductor wafers. - FY2021-Q1WorsenedAnnual report
「Amid uncertainty over the economic outlook, electronic component and automotive component manufacturers in Japan and overseas became more cautious about capital investment, causing the machinery order environment to deteriorate and revenue to fall below the same quarter of the previous year. However, increased sales of high-value-added plating machinery for semiconductor wafers drove segment profit above the level recorded in the same quarter of the previous year.」
Customers became more cautious about capital investment, weakening the machinery order environment and causing revenue to fall below the same quarter of the previous year. However, increased sales of high-value-added machinery for semiconductor wafers lifted segment profit. - FY2020-Q3MitigatedAnnual report
「Capital investment by domestic electronic component and automotive component manufacturers showed signs of improvement, restoring the order environment for machinery, and both revenue and segment profit exceeded the same quarter of the previous year. As a result, revenue for the cumulative third quarter of the fiscal year was ¥4,269 million, up 25.1% year on year, and segment profit was ¥157 million, compared with a segment loss of ¥1 million in the same period of the previous year.」
The recovery in the machinery order environment continued as customers became more willing to invest in equipment. Revenue increased 25.1%, while segment profit improved from a ¥1 million loss in the previous year to a ¥157 million profit. - FY2020-Q2MitigatedAnnual report
「Positive capital investment by domestic electronic components and automotive components manufacturers led to a recovery in the machinery order environment, and both net sales and segment profit exceeded the same quarter of the previous year. As a result, for the six months ended September, net sales were ¥298 million, up 57.1% year on year, and segment profit was ¥12 million, compared with a segment loss of ¥134 million in the same period of the previous year.」
Customers became more willing to invest in equipment, and the order environment for machinery recovered. Revenue increased 57.1% year on year, while segment profit improved from a ¥134 million loss in the previous year to a ¥123 million profit. - FY2020-Q1MitigatedAnnual report
「Positive capital investment by domestic and overseas electronic components and automotive components manufacturers led to a recovery in the machinery order environment, and net sales exceeded the same quarter of the previous year.」
Customer capital investment became more positive, and the recovery in the machinery order environment continued. Net sales increased 44.2% year on year. - FY2019-Q3MitigatedAnnual report
「In the electronic components industry, new capital investment to support new thin, high-density wiring substrates for high-end smartphones had run its course, and net sales fell below the same quarter of the previous year. In addition, lower profitability due mainly to price competition in Greater China and additional costs arising from specification changes resulted in a segment loss. As a result, for the nine months ended December, net sales were ¥341 million, down 29.6% year on year, and the segment loss was ¥1 million, compared with segment profit of ¥514 million in the same period of the previous year.」
Weakness in the order environment due to the completion of new capital investment has continued, but the segment loss narrowed from ¥134 million for the cumulative second quarter to ¥1 million. - FY2019-Q2WorsenedAnnual report
「In the electronic components industry, new capital investment to support new thin, high-density wiring substrates for high-end smartphones had run its course, and net sales fell below the same quarter of the previous year. In addition, lower profitability due mainly to price competition in Greater China and additional costs arising from specification changes resulted in a segment loss. As a result, for the six months ended September, net sales were ¥190 million, down 32.4% year on year, and the segment loss was ¥13 million, compared with segment profit of ¥317 million in the same period of the previous year.」
In addition to the completion of new capital investment, price competition in Greater China and additional costs arising from specification changes led to a 32.4% decline in net sales in the Machinery business, which swung from a profit in the previous year to a loss of ¥13 million. - FY2019-Q1MaterialisedAnnual report
「In the electronic components industry, new capital investment to support new thin, high-density wiring substrates for high-end smartphones had run its course, and both net sales and segment profit fell below the same quarter of the previous year.」
New capital investment in thin, high-density wiring substrates for high-end smartphones had run its course, and the Machinery business experienced a reversal of the investment cycle, with net sales and segment profit falling below the same quarter of the previous year. - FY2018MitigatedAnnual report
「In the Surface Treatment Machinery business, supported by the economic recovery trend, customer capital investment progressed, improving the machinery order environment, and both net sales and segment profit exceeded the previous fiscal year. As a result, for the fiscal year, net sales were ¥590 million, up 21.0% year on year, and segment profit was ¥53 million, compared with a segment loss of ¥81 million in the previous fiscal year.」
Customer capital investment progressed, and improvement in the machinery order environment was confirmed for the full year. The business turned a segment loss of ¥87 million into a profit of ¥53 million. - FY2018-Q3MitigatedAnnual report
「Supported by the economic recovery trend, capital investment in the domestic and overseas electronic components and automotive components industries remained solid, improving the machinery order environment, and both net sales and segment profit exceeded the same quarter of the previous year. As a result, for the nine months ended December, net sales were ¥484 million, up 12.1% year on year, and segment profit was ¥51 million, compared with a segment loss of ¥23 million in the same period of the previous year.」
Capital investment in the electronic components and automotive components industries remained solid, improving the machinery order environment. Segment profit improved from a loss of ¥23 million in the same quarter of the previous year to ¥51 million. - FY2018-Q2MitigatedAnnual report
「Supported by the economic recovery trend, capital investment in the domestic and overseas electronic components and automotive components industries remained solid, improving the machinery order environment, and both net sales and segment profit exceeded the same quarter of the previous year.」
Capital investment in the electronic components and automotive components industries remained solid, improving the machinery order environment. The Machinery business posted a profit of ¥317 million, compared with a segment loss of ¥46 million in the same quarter of the previous year. - FY2018-Q1RestatedAnnual report
「Amid uncertainty over the economic outlook, machinery orders declined as electronic components and automotive components manufacturers in Japan and overseas took a more cautious approach to capital investment, resulting in lower net sales than in the same quarter of the previous year.」
The continued caution in capital spending by electronic components and automotive components manufacturers and the resulting decline in machinery orders are again disclosed. - FY2017-Q3RestatedAnnual report
「Amid uncertainty over the economic outlook, machinery orders declined as electronic components and automotive components manufacturers in Japan and overseas took a more cautious approach to capital investment, resulting in lower net sales than in the same quarter of the previous year.」
Cautious capital spending by electronic components and automotive components manufacturers and the resulting decline in machinery orders have continued. - FY2017-Q2RestatedAnnual report
「Amid uncertainty over the economic outlook, machinery orders declined as electronic components and automotive components manufacturers in Japan and overseas took a more cautious approach to capital investment, resulting in lower net sales than in the same quarter of the previous year.」
Cautious capital spending by electronic components and automotive components manufacturers and the resulting decline in machinery orders have continued. - FY2017-Q1First statedAnnual report
「Amid uncertainty over the economic outlook, machinery orders declined as electronic components and automotive components manufacturers in Japan and overseas took a more cautious approach to capital investment,」
It states that cautious capital spending by electronic components and automotive components manufacturers actually appeared as a decline in orders for the Machinery business.