Slower capital investment by LCD and semiconductor-related manufacturers
First written in FY2019-Q2. 8 of 26 entries say "Restated". Latest entry: 2026-11-10.
Fujikura Composites moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2023: 6 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-11-10MitigatedResults
「Meanwhile, components related to semiconductor manufacturing equipment performed well against a backdrop of strong AI-related semiconductor demand, and large projects related to display manufacturing equipment also contributed. As a result, revenue increased and the operating loss narrowed.」
AI向け半導体需要とディスプレイ製造装置関連の大型案件により、従来の液晶・半導体関連投資低調リスクの一部が業績上緩和された。 - FY2027-H1MitigatedAnnual report
「Meanwhile, components related to semiconductor manufacturing equipment performed well against a backdrop of strong AI-related semiconductor demand, and large projects related to display manufacturing equipment also contributed. As a result, revenue increased and the operating loss narrowed.」
Components related to semiconductor manufacturing equipment performed well against a backdrop of AI-related semiconductor demand, while large display manufacturing equipment projects also contributed, narrowing the operating loss in the control equipment segment. - 2026-08-10RestatedResults
「制御機器部門は、AI向け半導体の需要増加を背景に半導体製造装置関連部品は増収増益となりましたが、液晶製造装置の設備投資が引き続き低調に推移し、また医療関連部品の客先での在庫調整や製品立上げ遅れの影響を受けたことから、全体では減収減益となりました。」
AI向け半導体需要の増加がある一方、液晶製造装置投資の低調さが続いている。 - FY2026Capital investment in AI semiconductors has peaked, while investment for China remains sluggishAnnual report
「The Control Equipment Division reported lower revenue and profit as capital investment in AI semiconductor manufacturing equipment for Taiwan reached a plateau, investment in LCD manufacturing equipment for China remained sluggish, and some medical-related components for China saw production cuts, despite a recovery in capital investment related to lithium-ion battery manufacturing equipment components.」
The plateauing of capital investment in AI semiconductor manufacturing equipment, sluggish investment in LCD manufacturing equipment for China, and production cuts in some medical-related components for China resulted in lower revenue and profit for the Control Equipment Division. - FY2026-H1RestatedAnnual report
「In the Control Equipment Division, capital investment related to AI in the semiconductor market remained firm. However, investment in semiconductor and LCD manufacturing equipment, particularly in China, remained sluggish. Although medical- and automotive-related components generated higher revenue, the impact of the LCD and semiconductor markets was substantial, resulting in higher revenue but lower profit.」
Although investment in AI-related semiconductors remained firm, weakness in investment in LCD and semiconductor manufacturing equipment, including in China, persisted, resulting in higher revenue but lower profit for the division. - FY2025Firm on AI semiconductor investment, but weakness in LCD and medical marketsAnnual report
「The core semiconductor market remained firm in both domestic and overseas markets as distribution inventory adjustments were nearly complete and capital investment in AI semiconductors provided support. Although the LCD market remained sluggish, revenue increased due to a partial recovery in overseas demand. However, delays in the launch of some new medical products and the economic downturn in China resulted in higher revenue but lower profit overall.」
Although distribution inventory adjustments in the semiconductor market were nearly complete and AI semiconductor investment provided support, weakness in the LCD market, delays in launching new medical products, and the downturn in the Chinese market remained. - FY2025-H1Firm on capital investment for generative AI, but some users are adjusting inventoriesAnnual report
「The semiconductor market was affected by inventory adjustments among some users, but the Control Equipment Division remained firm in both domestic and overseas markets due to active capital investment related to generative AI.」
Although some users continued to adjust distribution inventories in the semiconductor market, active capital investment related to generative AI supported firm performance in both domestic and overseas markets. - FY2024Overseas semiconductor market firm, but domestic semiconductor and LCD production cuts continueAnnual report
「The Control Equipment Division remained firm in the overseas semiconductor market, but production cuts continued in the domestic semiconductor and LCD markets. The medical market continued to be affected by excess distribution inventories of medical equipment produced during the COVID-19 pandemic, resulting in lower revenue and profit.」
Although the overseas semiconductor market remained firm, continued production cuts in the domestic semiconductor and LCD markets and excess distribution inventories of medical equipment resulted in lower revenue and profit for the Control Equipment Division. - FY2024-Q3WorsenedAnnual report
「The Control Equipment Division remained sluggish despite receiving new orders for products for overseas markets in the semiconductor market, due to a sharp downturn in the LCD market. The medical market resulted in lower revenue and profit due to the impact of excess distribution inventories of medical equipment produced during the COVID-19 pandemic.」
Although the semiconductor market received new orders for overseas markets, the LCD market experienced a sharp downturn, while excess distribution inventories of medical equipment also affected the medical market, resulting in lower revenue and profit. - FY2024-Q2WorsenedAnnual report
「The Control Equipment Division saw some positive factors, including increased production of products for overseas markets in the LCD and semiconductor markets, but these markets remained sluggish. The medical market also resulted in lower revenue and profit due to excess distribution inventories of medical equipment produced in response to the COVID-19 pandemic.」
In addition to continued weakness in the LCD and semiconductor markets, excess distribution inventories of medical equipment produced during the COVID-19 pandemic affected the medical market, resulting in lower revenue and profit for the Control Equipment Division. - FY2024-Q1Some positive factors, but semiconductor and LCD markets remain sluggishAnnual report
「Although there were some positive factors, including increased production of products for overseas markets, the semiconductor and LCD markets remained sluggish, resulting in lower revenue and profit.」
Although increased production of products for overseas markets was a positive factor, the semiconductor and LCD markets remained sluggish, resulting in lower revenue and profit for the Control Equipment Division. - FY2023WorsenedAnnual report
「The Control Equipment Division reported lower revenue and profit as production cuts in the LCD and semiconductor markets and sluggish investment by major customers outweighed the firm performance of the medical market.」
The description changed from strong semiconductor capital investment through the previous quarter to lower revenue and profit for the fiscal year due to production cuts in the LCD and semiconductor markets and sluggish investment by major customers. - FY2023-Q3RestatedAnnual report
「The Control Equipment Division was sluggish as major customers deferred investment due to the downturn in the LCD market. However, capital investment in the semiconductor market remained strong, while the medical and industrial machinery markets also remained firm, resulting in higher revenue and profit.」
Although investment deferrals and the downturn in the LCD market continued, the semiconductor capital investment, medical and industrial machinery markets remained firm, resulting in higher revenue and profit. - FY2023-Q2LCD investment deferred, but semiconductor investment remained strongAnnual report
「The Control Equipment segment posted higher revenue and profit because, although investment in the LCD market was sluggish due to deferrals, capital investment in the semiconductor market remained strong and the medical market also performed well.」
Although investment in the LCD market was deferred, capital investment in the semiconductor market and the medical market remained strong, resulting in higher revenue and profit for the division. - FY2023-Q1RestatedAnnual report
「The Control Equipment segment posted higher revenue and profit as capital investment in the semiconductor and LCD markets continued to remain strong and the medical market also remained firm.」
Strong capital investment in the semiconductor and LCD markets and firm conditions in the medical market continued, resulting in higher revenue and profit for the Control Equipment segment. - FY2022-Q1MitigatedAnnual report
「The Control Equipment segment posted higher revenue and profit as capital investment related to semiconductors and LCDs remained strong and medical-related business remained firm.」
The situation shifted from a slowdown in capital investment by semiconductor and LCD-related manufacturers, which had been a factor behind lower revenue and profit, to sustained strength in capital investment and firm medical-related business, resulting in higher revenue and profit. - FY2021-Q2RestatedAnnual report
「The Control Equipment segment posted higher revenue and profit as capital investment in the semiconductor and LCD markets remained strong and the medical market also remained firm.」
Strong capital investment in the semiconductor and LCD markets and firm conditions in the medical market continued, resulting in higher revenue and profit for the Control Equipment segment. - FY2021-Q1MitigatedAnnual report
「The Control Equipment segment posted higher revenue and profit as capital investment in the semiconductor and LCD markets remained strong and the medical market remained firm.」
The situation shifted from continued weakness in capital investment in the semiconductor and LCD markets and in medical and industrial machinery-related businesses to firm capital investment and medical market conditions, resulting in higher revenue and profit for the segment. - FY2020-Q3RestatedAnnual report
「The Control Equipment segment posted lower revenue and profit because it continued to be affected by the slowdown among semiconductor and industrial machinery-related manufacturers.」
The continued slowdown among semiconductor and industrial machinery-related manufacturers has been a factor behind lower revenue and profit in the Control Equipment segment. - FY2020-Q2WorsenedAnnual report
「The Control Equipment segment posted lower revenue and profit because the slowdown among semiconductor-related manufacturers continued and its effects began to spread to industrial machinery-related businesses.」
As the slowdown in capital investment and demand among semiconductor-related manufacturers continued, its effects spread to industrial machinery-related businesses, resulting in lower revenue and profit. - FY2020-Q1MaterialisedAnnual report
「The Control Equipment segment posted lower revenue and profit because of the slowdown among semiconductor-related manufacturers.」
The slowdown among semiconductor-related manufacturers was reflected in lower revenue and profit in the Control Equipment segment's results for the current quarter. - FY2019RestatedAnnual report
「The Control Equipment segment posted lower profit because capital investment by LCD and semiconductor-related manufacturers slowed and industrial machinery manufacturers also became sluggish.」
The company continues to describe the situation during the fiscal year in which the slowdown in capital investment by LCD and semiconductor-related manufacturers, together with sluggishness among industrial machinery manufacturers, resulted in lower profit. - FY2019-Q3WorsenedAnnual report
「The Control Equipment segment posted lower profit because capital investment by LCD and semiconductor-related manufacturers continued to slow and industrial machinery manufacturers also became sluggish.」
The continued slowdown in capital investment by LCD and semiconductor-related manufacturers, together with sluggishness among industrial machinery manufacturers, resulted in lower profit. - FY2019-Q2First statedAnnual report
「The Control Equipment segment posted lower profit because capital investment by LCD and semiconductor-related manufacturers, which had continued through the previous fiscal year, slowed.」
For the first time, the company has described the slowdown in capital investment by LCD and semiconductor-related manufacturers as an independent theme reflected in lower profit in the Control Equipment segment.