Performance fluctuations driven by demand for semiconductors, LCDs and electronic equipment, and industry restructuring
First written in FY2016. 15 of 35 entries say "Restated". Latest entry: 2026-11-06.
Toyo Gosei moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2023: 46 of 71 companies on the "Worse" side.
34 other companies' latest entry also says "Mitigated".
- FY2026MaterialisedAnnual report
「The electronic materials industry, our main market, performed well in materials for advanced semiconductors, as demand for AI-related semiconductor devices continued to drive market growth and expanded further, particularly in the second half of the fiscal year.」
While demand for AI-related semiconductors is expanding, demand for general-purpose semiconductors is declining, and the disparity among demand segments is reflected in the actual sales mix. - 2026-05-08OtherResults
「半導体向け材料は、AI向け半導体デバイスの強い需要が継続し、当社の先端フォトレジスト向け材料の販売は前期比で増加いたしましたが、一般半導体向けはやや減少しました。」
AI向け先端半導体需要は強い一方、一般半導体向けは減少し、需要分野間の差が実績に表れた。 - FY2026-H1WorsenedAnnual report
「The electronic materials industry, the company’s main market, continued to be driven by demand growth for AI-related semiconductor devices. Meanwhile, demand for semiconductor materials for smartphones and PCs had yet to achieve a full-fledged recovery, and demand for automotive materials also remained weak.」
While demand for AI-related semiconductors is expanding, demand for smartphones and PCs has yet to make a full recovery, and demand for automotive applications also lacks strength, with disparities among demand segments continuing. - FY2025-H1MitigatedAnnual report
「The electronic materials industry, the company’s main market, saw little recovery in consumer products, but inventory adjustments in the supply chain had run their course in advanced fields, and demand expanded against a backdrop of strong AI-related investment.」
Although weakness in demand for consumer products remained, inventory adjustments in advanced fields had run their course and demand expanded against a backdrop of AI-related investment. - FY2024MaterialisedAnnual report
「The electronic materials industry, the company’s main market, continued to face weak demand for consumer products due to global inflation, but inventory adjustments across the supply chain progressed from the second half of the fiscal year, and a gradual recovery continued.」
Weak demand for consumer products and supply chain inventory adjustments were reflected in the market environment and operating performance for the full fiscal year, while a gradual recovery was reported from the second half onward. - FY2024-Q3MaterialisedAnnual report
「The electronic materials industry, the company’s main market, showed signs that global supply chain inventory adjustments had bottomed out, but the market recovery was gradual and weak demand continued.」
Although supply chain inventory adjustments appeared to have bottomed out, the market recovery was gradual and weak demand actually continued. - FY2024-Q2MaterialisedAnnual report
「The electronic materials industry, the company’s main market, showed signs that inventory adjustments had begun to ease for some products, but demand declined as efforts continued to optimize excess inventories of semiconductor materials accumulated amid global supply chain disruptions during the COVID-19 pandemic.」
The company states that the optimization of excess inventories in semiconductor materials continued and that declining demand was reflected in actual business conditions and sales. - FY2024-Q1WorsenedAnnual report
「The electronic materials industry, the company’s main market, continued to see overall demand decline due to the unwinding of excess inventories of electronic components accumulated during the COVID-19 pandemic and a decline in consumption accompanying global price increases, despite firm demand for automotive semiconductors.」
Although demand for automotive semiconductors remained firm, demand across the electronic materials industry continued to decline due to excess electronic component inventories and weak consumption. - FY2023MaterialisedAnnual report
「In the semiconductor market, production adjustments occurred due to the buildup of product inventories resulting from supply chain disruptions during the COVID-19 pandemic and a decline in consumption accompanying global price increases. As it would take some time to optimize inventory levels, semiconductor shipments declined and the market contracted overall.」
The company states that production adjustments, declining semiconductor shipments and overall market contraction actually occurred against a backdrop of supply chain disruptions and rising prices. - FY2023-Q3MaterialisedAnnual report
「In the electronic materials industry, the impact of COVID-19 diminished, global logistics disruptions moved toward normalization and some of the semiconductor shortage was resolved, but inventory adjustments continued as a reaction to stay-at-home demand. Demand remained firm in advanced fields, while demand for general-purpose products slowed as inflation progressed.」
Inventory adjustments resulting from the reaction to stay-at-home demand and a slowdown in demand for general-purpose products due to rising inflation actually occurred. Demand in advanced fields, meanwhile, remained firm. - FY2023-Q2MaterialisedAnnual report
「In the electronic materials industry, global logistics disruptions originating from the spread of infectious diseases were moving toward normalization, while the semiconductor shortage eased mainly for general-purpose semiconductors and some products entered an inventory adjustment phase.」
The semiconductor shortage actually eased and some products moved into an inventory adjustment phase, indicating a change in the demand environment. - FY2022RestatedAnnual report
「Photoresist materials, the main products of the photoresist materials business, are used as raw materials for photoresists and in the manufacturing processes for semiconductors and FPDs (flat-panel displays).」
The company continues to describe the risk that fluctuations in semiconductor and FPD demand and industry consolidation may affect earnings. - FY2022-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company’s financial condition, operating performance or cash flows, among the matters concerning business conditions, financial matters and other matters described in the quarterly report, and there were no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility resulting from demand for semiconductors, LCDs and electronic equipment and industry consolidation. - FY2021RestatedAnnual report
「Demand for semiconductors and FPDs is heavily dependent on global demand for electronic products. The creation of markets using new communications technologies, electronic controls and electronic data may change market demand and have a material impact on operating performance and financial condition.」
The company continues to identify the risk of earnings volatility resulting from changes in semiconductor and FPD demand, the creation of new markets, and industry consolidation. - FY2021-Q2RestatedAnnual report
「In the electronic materials industry, the spread of information and communications technologies such as AI, IoT and 5G, the expansion of remote work and video use amid the spread of infectious diseases, and strong demand for advanced semiconductors for data centers and communications systems continued.」
The company states that demand for advanced semiconductors remained strong against a backdrop of information and communications technologies and work-from-home demand, and continues to identify factors affecting semiconductor and electronic materials demand. - FY2021-Q1MaterialisedAnnual report
「Although the display market showed some slowdown due to the spread of COVID-19, the semiconductor market continued to see increased communications demand associated with the global rise in people working from home and continued growth in production of advanced semiconductors,」
The company states that the display market actually slowed, while demand for communications and production of advanced semiconductors continued to increase in the semiconductor market. - FY2020RestatedAnnual report
「Demand for semiconductors and FPDs is heavily dependent on global demand for electronic products. The creation of markets using new communications technologies, electronic controls and electronic data may change market demand and have a material impact on operating performance and financial condition. In addition, industry consolidation among fine chemical manufacturers and in the semiconductor and FPD industries may affect the performance of this business.」
The company continues to describe the risk of earnings volatility resulting from changes in semiconductor and FPD demand, the creation of new markets, and industry consolidation. - FY2020-Q3MaterialisedAnnual report
「Despite a slowdown in the semiconductor memory and display markets, products for logic applications remained strong.」
The company states that a slowdown in the semiconductor memory and display markets actually occurred during the cumulative third-quarter period. - FY2020-Q2MaterialisedAnnual report
「Despite a slowdown in the semiconductor memory and display markets, products for logic applications remained strong.」
The company states that a slowdown in the semiconductor memory and display markets actually occurred during the cumulative second-quarter period. - FY2020-Q1MaterialisedAnnual report
「Despite a slowdown in the semiconductor memory and display markets, orders for photoresist materials and sales of naphthoquinone-based photoresist materials (PAC), photoresist materials for KrF and ArF exposure (PAG), remained firm as customers secured inventories of the company’s products and their own products.」
The company states that a slowdown in the semiconductor memory and display markets actually occurred. - FY2019Addition of the risk of changes in customers’ manufacturing processesAnnual report
「Demand trends in the electronic materials sector and changes in product types or specifications resulting from changes in customers’ manufacturing processes or other factors may have a material impact on the operating performance and financial condition of the company’s solvent products.」
In addition to demand in the semiconductor and FPD markets and industry consolidation, the company explicitly identifies changes in product types and specifications resulting from changes in customers’ manufacturing processes as a risk for its chemicals business. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility resulting from semiconductor and LCD demand and industry consolidation. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility resulting from semiconductor and LCD demand and industry consolidation. - FY2018RestatedAnnual report
「Demand for semiconductors and LCDs is heavily dependent on global demand for electronic products. The creation of markets using new communications technologies, electronic controls and electronic data may change market demand and have a material impact on operating performance and financial condition. In addition, industry consolidation among fine chemical manufacturers and in the semiconductor and LCD industries may affect the performance of this business.」
The company continues to describe the risk of earnings volatility resulting from changes in semiconductor and LCD demand, the creation of new electronic markets, and industry consolidation. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility resulting from semiconductor and LCD demand and industry consolidation. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility resulting from semiconductor and LCD demand and industry consolidation. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of earnings volatility resulting from semiconductor and LCD demand and industry consolidation. - FY2017RestatedAnnual report
「Demand for semiconductors and LCDs is heavily dependent on global demand for electronic products, and may have a material impact on operating performance and financial condition through the effects of global economic conditions and sales of new products such as mobile phones and tablets. In addition, industry consolidation among fine chemical manufacturers and in the semiconductor and LCD industries may affect the performance of this business.」
The annual report also describes the risk of earnings volatility resulting from global economic conditions, sales trends for new products, and customer and industry consolidation. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year concerning semiconductor and LCD demand and industry consolidation. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year concerning semiconductor and LCD demand and industry consolidation. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year concerning semiconductor and LCD demand and industry consolidation. - FY2016First statedAnnual report
「Demand for semiconductors and LCDs is heavily dependent on global demand for electronic products, and may have a material impact on operating performance and financial condition through the effects of global economic conditions and sales of new products such as mobile phones and tablets. In addition, industry consolidation among fine chemical manufacturers and in the semiconductor and LCD industries may affect the performance of this business.」
The company identifies dependence on global economic conditions, sales trends for new products, and customer and industry consolidation as risks.