Demand Fluctuation Risk in the Automobile and Electronics Industries
First written in FY2016. 9 of 34 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-11-05.
Jcu moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 41 of 73 companies on the "Worse" side.
22 other companies' latest entry also says "Other".
- FY2026Recovery in Electronics Demand and Chinese Automotive-Parts DemandAnnual report
「In the electronics industry, continued aggressive investment in server-related fields, including generative AI, drove market growth, while various high-performance electronic devices, including smartphones and PCs, also remained firm, resulting in increased shipments of various products. In China's automotive industry, production increased as demand was boosted by factors including diversification of export markets.」
Electronic device demand and shipments increased, as did automobile production in China. Recovery progressed by sector from the weak electronics demand and lower demand for targeted components in China seen through the previous fiscal year. - FY2026-H1Electronics demand recovering, lower demand for targeted automotive components in ChinaAnnual report
「The business environment surrounding the group saw various high-performance electronic devices, including smartphones and PCs, remain firm as inventory adjustments appeared to have run their course, with shipments of various products increasing. In China's automotive industry, production increased as various policy measures boosted demand.」
Although electronic device demand and shipments recovered, demand for the automotive components targeted by the company declined in China despite higher automobile production, while the decline in chemicals demand associated with design changes continued in Japan. The impact of demand volatility differed by sector. - FY2025-H1Electronics demand recovering, continued decline in demand for relevant automotive componentsAnnual report
「The business environment surrounding the group saw demand for various high-performance electronic devices, including smartphones and PCs, turn toward recovery, with shipments increasing as inventory adjustments appeared to have run their course globally. In China's automotive industry, production increased as component supply shortages eased.」
Although demand for electronic devices and automobile production in China recovered, demand for the automotive components targeted by the company declined in China, while a decline in chemicals demand associated with design changes was reported in Japan. - FY2024-Q3Weak electronics demand, higher automobile production but lower demand for relevant componentsAnnual report
「In the electronics industry, demand for electronic boards for various high-performance electronic devices, including smartphones and PCs, remained at low global levels as pandemic-related stay-at-home demand ended. In the automotive industry in Japan and China, automobile production increased as component supply shortages eased.」
Although demand for electronic boards for high-performance electronic devices remained low, automobile production increased. However, in Japan and China, changes in the composition of automobile components and lower demand for relevant components limited the spillover to chemicals demand. - FY2024-Q2Weak electronics demand, automotive production recoveryAnnual report
「In the electronics industry, demand for high-performance electronic equipment such as smartphones, PCs and tablets remained at low global levels as pandemic-related stay-at-home demand ended, and demand for printed circuit boards and semiconductor package substrates for high-performance electronic devices declined. In the automotive industry in Japan and China, automobile production and sales increased as component supply shortages eased.」
While demand for electronic equipment and printed circuit boards remained weak, automobile production and sales in Japan and China increased as component supply shortages eased, resulting in divergent impacts by sector. - FY2024-Q1MaterialisedAnnual report
「The business environment surrounding the group saw demand for high-performance electronic equipment such as smartphones, PCs and tablets remain sluggish, and demand for printed circuit boards and semiconductor package substrates for high-performance electronic devices decline, amid stagnating consumer spending and the end of stay-at-home demand. In the automotive industry, mainly in Japan and China, disruptions to parts supply chains caused by COVID-19 were trending toward improvement, but the impact of the global semiconductor shortage had not been fully resolved, and automobile production declined.」
The decline in demand for electronic equipment and printed circuit boards, together with lower automobile production in Japan and China due to the semiconductor shortage, was stated as an actual performance factor. - FY2023MaterialisedAnnual report
「The business environment surrounding the group saw demand for high-performance electronic equipment such as smartphones, PCs and tablets remain sluggish due to stagnating consumer spending, while demand for printed circuit boards and semiconductor package substrates for high-performance electronic devices declined. In the automotive industry, mainly in China, automobile production declined throughout the fiscal year due to the semiconductor shortage and the impact of COVID-19.」
The decline in demand for electronic equipment and semiconductor package substrates, together with the decline in automobile production, mainly in China, was explicitly stated as the business environment for the full fiscal year. - FY2023-Q3Recovery in Chinese automobile production, firm high-performance electronics demandAnnual report
「The business environment surrounding the group saw smartphone and PC shipments continue to decline, while demand for semiconductor package substrates for 5G-related components, data centers and high-performance electronic devices remained firm. In China's automotive industry, automobile production increased as catch-up production began after strict activity restrictions were eased in early June.」
Although smartphone and PC shipments continued to decline, demand for semiconductor package substrates for 5G-related components, data centers and high-performance electronic devices remained firm, and automobile production in China shifted to catch-up production after activity restrictions were eased. The impact of demand volatility differed by sector. - FY2023-Q2Lower smartphone and automotive demand alongside higher demand for high-performance electronicsAnnual report
「The business environment surrounding the group saw shipments of smartphones, PCs and other products decline, while technological innovation and growth in data traffic driven by the commercialization of 5G, IoT and telework increased demand for 5G-related components, infrastructure such as data centers, and high-performance electronic devices, particularly semiconductor package substrates. In the automotive industry, mainly in China, shortages of components and supply chain disruptions arose due to lockdowns associated with the spread of COVID-19, and automobile production and unit sales declined.」
Although smartphone and PC shipments and automobile production and sales in China declined, demand for 5G-related components, data centers, high-performance electronic devices and semiconductor package substrates increased, with sectoral differences in demand trends continuing. - FY2023-Q1Diverging electronics demand, flat automotive production and salesAnnual report
「The business environment surrounding the group saw smartphone shipments decline, while technological innovation and growth in data traffic driven by the commercialization of 5G, IoT and telework increased demand for 5G-related components, infrastructure such as data centers, and high-performance electronic devices, particularly semiconductor package substrates. In the automotive industry, mainly in China, automobile production and unit sales remained flat compared with the same period of the previous year, despite expanding demand and a temporary easing of the semiconductor shortage, as the previous year had seen a strong recovery trend.」
Although smartphone shipments declined, demand for 5G-related components, data centers, high-performance electronic devices and semiconductor package substrates increased. Automobile production and unit sales were flat year on year, with the impact of demand volatility differing by sector. - FY2022Electronics and automotive demand higher, supply constraints persistAnnual report
「The business environment surrounding the group saw technological innovation and growth in data traffic driven by the commercialization of 5G, IoT and telework, increasing demand for 5G-related components, infrastructure such as data centers, and printed circuit boards for high-performance electronic devices. Demand for semiconductor package substrates also remained strong amid robust growth in the semiconductor industry. The automotive industry saw expanding demand and a temporary easing of the semiconductor shortage, with automobile production and unit sales increasing, mainly in China.」
Demand in the electronics and automotive fields recovered and increased, but the automotive recovery trend remained subject to slowing due to shortages of semiconductors and other components. - FY2022-Q3Higher electronics demand, slower automotive recoveryAnnual report
「The business environment surrounding the group saw technological innovation and growth in data traffic driven by the commercialization of 5G, IoT and telework, increasing demand for 5G-related components, infrastructure such as data centers, and printed circuit boards for high-performance electronic devices. Demand for semiconductor package substrates also remained strong amid robust growth in the semiconductor industry. Although the automotive industry's recovery trend slowed due to factors including the semiconductor shortage, automobile unit sales increased, mainly in China.」
Demand for 5G-related components, data centers, high-performance electronic devices and semiconductor package substrates increased, while the automotive industry's recovery trend slowed due to the semiconductor shortage. - FY2022-Q2MitigatedAnnual report
「The business environment surrounding the group saw technological innovation and growth in data traffic driven by the commercialization of 5G, IoT and telework, increasing demand for 5G-related components, infrastructure such as data centers, and printed circuit boards for high-performance electronic devices. Demand for semiconductor package substrates also remained strong amid robust growth in the semiconductor industry. In addition, the automotive industry recovered, with automobile unit sales increasing, mainly in China and Japan.」
Demand for 5G-related components, data centers, high-performance electronic devices, semiconductor package substrates and automobiles increased, reducing the business impact of demand volatility in the automotive and electronics industries from the previous fiscal year. - FY2022-Q1MitigatedAnnual report
「The business environment surrounding the group saw technological innovation and growth in data traffic driven by the commercialization of 5G, IoT and telework, increasing demand for 5G base stations, infrastructure such as data centers, and printed circuit boards for high-performance electronic devices. Demand for semiconductor package substrates also remained strong amid robust growth in the semiconductor industry. In addition, the automotive industry recovered, with both automobile production and sales increasing, mainly in China and Japan.」
Demand for 5G-related infrastructure, high-performance electronic devices, semiconductor package substrates and automobiles increased, reducing the business impact of demand volatility in the electronics and automotive industries from the previous fiscal year. The company continues to monitor the semiconductor shortage closely. - FY2021-Q3MaterialisedAnnual report
「The business environment surrounding the group saw progress toward the commercialization of 5G, and demand increased for infrastructure such as base stations and data centers, as well as printed circuit boards and semiconductor package substrates for high-performance electronic devices. However, the downturn in the automotive industry and smartphone market continued due to US-China trade tensions and stagnating economic activity in other countries.」
Although demand for 5G-related infrastructure and high-performance electronic devices increased, the downturn in the automotive industry and smartphone market continued, affecting performance in the chemicals and equipment businesses. - FY2021-Q2MaterialisedAnnual report
「The business environment surrounding the group saw progress toward the commercialization of 5G, and demand increased for infrastructure such as base stations and data centers, as well as printed circuit boards and semiconductor package substrates for high-performance electronic devices. However, the downturn in the automotive industry and smartphone market continued due to US-China trade tensions and stagnating economic activity in other countries.」
Although demand for 5G-related infrastructure and high-performance electronic devices increased, the downturn in the automotive industry and smartphone market continued, with the impact of demand volatility continuing to appear in performance. - FY2021-Q1MaterialisedAnnual report
「The business environment surrounding the group saw progress toward the commercialization of 5G (the fifth-generation mobile communications system), and demand increased for infrastructure such as base stations and data centers, as well as printed circuit boards and semiconductor package substrates for high-performance electronic devices. However, the downturn in the automotive industry and smartphone market continued due to US-China trade tensions and the spread of COVID-19.」
The downturn in the automotive industry and smartphone market continued due to the spread of COVID-19 and other factors, appearing as declines in chemicals business revenue and profit. - FY2020-Q3MaterialisedAnnual report
「In the decorative products field in China, demand for plating chemicals remained soft as automobile sales and production operations slowed under the impact of US-China trade tensions.」
The slowdown in automobile sales and production operations in China actually affected the business through softness in demand for plating chemicals. - FY2020-Q2WorsenedAnnual report
「In the chemicals business, although the electronics field showed signs of recovery in the current second quarter compared with the first quarter of the current consolidated fiscal year, sales and production of high-end smartphones remained sluggish from the second half of the previous fiscal year, as customers held back purchases ahead of commercialization of the fifth-generation mobile communications system. Against this backdrop, chemicals demand remained soft.」
Weak sales and production of high-end smartphones continued as customers held back purchases ahead of 5G commercialization, and chemicals demand remained soft. - FY2020-Q1MaterialisedAnnual report
「In the Chemicals business, sales and production of high-end smartphones remained sluggish from the second half of the previous fiscal year, as customers held back from purchasing ahead of the commercialization of 5G mobile communications. Accordingly, demand for chemicals remained weak, and net sales declined from the strong level recorded in the same period of the previous year.」
Weakness in the smartphone market and a wait-and-see attitude toward purchases ahead of 5G commercialization actually affected chemicals demand, appearing as declines in chemicals business revenue and profit. - FY2019WorsenedAnnual report
「In the chemicals business, sales of high-end smartphones paused and production volumes were sluggish, causing demand for chemicals associated with unit growth to remain soft. Demand for chemicals used in Chinese-brand smartphones also slowed as functionality improved.」
It states that chemicals demand slowed for Chinese-brand smartphones as well as high-end smartphones, broadening the range of exposure to demand volatility. - FY2019-Q3WorsenedAnnual report
「In the chemicals business, smartphone unit sales were sluggish, causing demand for chemicals associated with unit growth to pause, while demand, particularly for high-end smartphones, remained soft.」
It states that sluggish smartphone unit sales actually emerged as a pause in chemicals demand, with demand for high-end smartphones in particular remaining soft. - FY2019-Q2WorsenedAnnual report
「In the chemicals business, smartphone unit sales were sluggish, causing demand for chemicals associated with unit growth to pause, while demand, particularly for high-end smartphones, remained soft.」
It describes sluggish smartphone unit sales and a pause in chemicals demand, particularly the softness of demand for high-end smartphones. In contrast, demand for chemicals used in Chinese-brand smartphones and demand from other electronic equipment remained firm. - FY2019-Q1RestatedAnnual report
「In the chemicals business, although demand for high-end smartphones was weak, demand for Chinese-brand smartphones remained firm against a backdrop of higher functionality and other factors, while demand for other electronic equipment was also firm. As a result, sales of plating chemicals for printed circuit boards in China and South Korea progressed steadily.」
It reiterates the coexistence of weak demand for high-end smartphones and firm demand for Chinese-brand smartphones and other products. - FY2018WorsenedAnnual report
「In the electronics market, sales growth of chemicals for printed circuit boards used in smartphones, the company's main products, are expected to slow as smartphones mature.」
It explicitly states that sales growth of the core chemicals is expected to slow as the smartphone market matures. - FY2018-Q2RestatedAnnual report
「In the chemicals business, sales of plating chemicals for printed circuit boards in China, Taiwan and South Korea progressed steadily, as customers manufacturing printed circuit boards for high-end smartphones launched new production methods and demand for Chinese-brand smartphones remained resilient and firm.」
It reiterates that smartphone-related demand affects the chemicals business. Demand for Chinese-brand smartphones remained resilient, and the launch of new production methods is stated to have supported sales. - FY2018-Q1RestatedAnnual report
「In the chemicals business, sales of plating chemicals for printed circuit boards in China, Taiwan and South Korea progressed steadily, as customers manufacturing printed circuit boards for high-end smartphones launched new production methods and demand for Chinese-brand smartphones remained resilient and firm.」
It reiterates that trends in smartphone-related demand affect the chemicals business. Demand for Chinese-brand smartphones was firm, and the launch of new production methods by customers is also mentioned. - FY2017MaterialisedAnnual report
「Although the Chemicals Business was affected by production adjustments for high-end smartphones in the first half, demand for China-based smartphones remained solid and steady throughout the year. As a result, sales of plating chemicals for printed circuit boards in China, Taiwan and South Korea proceeded smoothly.」
It states that production adjustments for high-end smartphones actually affected the chemicals business in the first half of the period, while demand for Chinese-brand smartphones remained resilient. - FY2017-Q3RestatedAnnual report
「In addition to solid and steady demand for China-based smartphones, rising demand for new high-end smartphone models supported smooth sales of plating chemicals for printed circuit boards in China, Taiwan and South Korea.」
The business remained affected by fluctuations in smartphone demand, but demand for China-based smartphones remained solid and demand for new high-end models increased, according to the Company. - FY2017-Q2RestatedAnnual report
「Although the Chemicals Business was affected by sluggish sales of high-end smartphones, demand for China-based smartphones remained solid and steady. As a result, sales of plating chemicals for printed circuit boards in China, Taiwan and South Korea proceeded smoothly.」
While sluggish sales of high-end smartphones affected the Chemicals Business, demand for China-based smartphones remained solid. The Company continues to identify volatility in demand for electronic equipment as a risk. - FY2017-Q1MaterialisedAnnual report
「Although the Chemicals Business was affected by production adjustments for high-end smartphones, demand for China-based smartphones remained solid and steady. As a result, sales of plating chemicals for printed circuit boards in China, Taiwan and South Korea proceeded smoothly.」
Regarding the risk of volatility in electronics demand, the Company states that production adjustments for high-end smartphones actually affected the business, while demand for China-based smartphones remained solid. - FY2016First statedAnnual report
「Most of the Group's sales relate to materials and equipment for surface-treatment chemicals, which are used mainly in the automotive and electronics industries, particularly the printed circuit board industry. The Group's performance is therefore significantly affected by market trends in these industries.」
The Company states that automobile production, production volumes of electronic equipment and printed circuit boards, and trends in capital investment affect its performance.