Volatility Risk in the Semiconductor and Other Markets
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 5 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If the semiconductor market contracts, an imbalance between supply and demand may result in overproduction and increased inventories. Conversely, if the company is unable to meet increased demand because of delays in capital expenditure or misjudgments regarding the scale of market growth, it may be unable to meet customer needs in supplying products, resulting in lost opportunities.」
The company continues to identify two-way risks: excess inventories when markets contract and insufficient supply when demand increases. - FY2025First statedAnnual report
「If the semiconductor market contracts, an imbalance between supply and demand may result in overproduction and increased inventories. Conversely, if the company is unable to meet increased demand because of delays in capital expenditure or misjudgments regarding the scale of market growth, it may be unable to meet customer needs in supplying products, resulting in lost opportunities.」
Both excess inventories caused by market contraction and insufficient supply in response to increased demand are recognized as risks.