Sluggish demand for electronic materials and industrial structural materials
First written in FY2017-Q1. 11 of 33 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Overall recovery coexisting with demand-reduction risk at a Chinese subsidiaryAnnual report
「The Company determined that there were indications of impairment because demand for electronic materials in the Chinese market declined with the slowdown in the Chinese economy and profitability deteriorated. However, no impairment loss was recognized because the value in use generated by the asset group exceeded its carrying amount in determining whether an impairment loss should be recognized.」
While demand for electronic materials overall is described as increasing for smartphones and semiconductors, declining demand in China has emerged as lower profitability and an impairment indicator at Songyang Electronic Materials (Kunshan). No impairment loss was recognized in the fiscal year. - 2026-04-30Cited as achievedEarnings
「In electronic materials, our core business field, revenue increased to ¥56.474 billion, up 13.4% year on year, as demand increased for smartphones and semiconductors, including those for PCs and AI servers. In industrial structural materials, revenue from aircraft honeycomb panels and FRP pressure vessels for water treatment also remained strong.」
The company reports that the recovery and growth in demand for electronic materials and industrial structural materials were reflected in full-year results. - FY2026-H1MitigatedAnnual report
「Although display materials were weak, honeycomb panels in industrial structural materials began to recover, while demand for smartphones and semiconductors increased in electronic materials, the Group’s main business field, resulting in net sales of ¥2,654 million, up 5.4% year on year from the previous interim period.」
In electronic materials and industrial structural materials, where weak demand had previously been an issue, smartphone and semiconductor demand increased and honeycomb panels recovered. Meanwhile, display materials remained weak, with differences by field persisting. - FY2025MitigatedAnnual report
「In electronic materials, the Group’s main business field, demand for smartphones and semiconductors began to recover, while display materials performed strongly, resulting in net sales of ¥4,982 million, up 18.3% year on year.」
Full-year results confirmed that the impact of the previous weakness in demand for electronic materials, industrial structural materials and other products had diminished, supported by recovery in smartphone and semiconductor demand for electronic materials and strong performance in display materials. - FY2025-H1MitigatedAnnual report
「As the electronic materials segment, the Group’s main business field, as well as the industrial structural materials and display materials segments performed strongly, net sales were ¥2,517 million, up 26.5% year on year from the previous interim period.」
It states that the key segments, including electronic materials and industrial structural materials, performed strongly despite the previous weakness in demand, and Group net sales increased 26.5% year on year from the previous interim period. - FY2024-Q3Electronic materials sales decline and near-elimination of profit alongside higher sales and lower profit in industrial structural materialsAnnual report
「Although sales of industrial structural materials increased, weaker demand in the Chinese market affected electronic materials, the Group’s main business field, resulting in net sales of ¥3,086 million, down 8.0% year on year.」
Lower sales of electronic materials due to weaker demand in the Chinese market coexisted with higher sales of industrial structural materials. Segment profit in electronic materials fell 99.4% year on year to ¥7 million, while industrial structural materials also posted a 13.7% decline in profit despite higher sales. - FY2024-Q2Sharp decline in electronic materials sales alongside higher sales of industrial structural materialsAnnual report
「Although sales of industrial structural materials increased, lower demand in the Chinese market had a significant impact on electronic materials, the Group’s main business field, resulting in lower sales of ¥1,990 million, down 13.5% year on year.」
Lower sales of electronic materials due to weaker demand in the Chinese market coexisted with higher sales of industrial structural materials. - FY2024-Q1Electronic materials sales decline alongside higher sales of industrial structural materialsAnnual report
「Although sales of industrial structural materials increased, demand in the Chinese market had a significant impact on electronic materials, the Group’s main business field, resulting in lower sales of ¥949 million, down 16.1% year on year.」
Electronic materials posted lower sales due to weaker demand in the Chinese market, while sales of industrial structural materials increased, with differences in performance by field continuing. - FY2023-Q3Electronic materials sales decline alongside higher sales of industrial structural materials and display materialsAnnual report
「For the Group (the Company, its consolidated subsidiaries and equity-method affiliates), net sales for the nine-month consolidated period declined in electronic materials but increased in industrial structural materials and display materials, resulting in net sales of ¥3,354 million, up 2.7% year on year.」
Sales of electronic materials declined, while sales of industrial structural materials and display materials increased, resulting in higher Group-wide revenue. - FY2023-Q2MitigatedAnnual report
「As sales of electronic materials remained steady and sales of industrial structural materials and display materials increased, net sales were ¥2,299 million, up 5.7% year on year.」
Sales of electronic materials remained steady, while industrial structural materials and display materials also posted higher sales, reducing the impact of the previous weakness in demand on sales. - FY2023-Q1MitigatedAnnual report
「In electronic materials, net sales were ¥777 million, up 1.3% year on year, due in part to steady sales of flexible printed wiring board materials (orders up 14.5% and production down 5.5% year on year, on a standalone basis for the filing company). In industrial structural materials, net sales were ¥175 million, up 7.4% year on year, due in part to higher sales of FRP pressure vessels for water treatment.」
Net sales increased year on year in both electronic materials and industrial structural materials, reducing the impact of weak demand on sales. Meanwhile, segment profit declined in both fields. - FY2022WorsenedAnnual report
「In electronic materials, sales of the mainstay flexible printed wiring board materials for multifunctional mobile devices declined due to supply-chain constraints, resulting in net sales of ¥2,977 million and segment profit of ¥291 million, down 2.5% year on year due to lower sales. In industrial structural materials, net sales were ¥705 million and segment profit was ¥87 million, down 7.1% year on year due in part to lower sales of aircraft materials amid the downturn in the aircraft industry.」
Electronic materials were adversely affected by supply constraints, while industrial structural materials were affected by the downturn in the aircraft industry, resulting in full-year deterioration in sales and profit in both fields. - FY2022-Q3Sales decline but profit growth in electronic materials and industrial structural materialsAnnual report
「In electronic materials, sales of the mainstay flexible printed wiring board materials declined due to component supply shortages (orders down 6.7% and production up 1.9% year on year, on a standalone basis for the filing company), resulting in net sales of ¥2,283 million, down 3.9% year on year. Segment profit was ¥237 million, up 8.0%, due to higher sales. In industrial structural materials, net sales were ¥521 million, down 19.2% year on year, due to lower sales of aircraft materials. Segment profit was ¥66 million, up 3.1%, due to changes in the product mix.」
Net sales in electronic materials declined due to component shortages, while segment profit increased. Industrial structural materials also posted lower sales due to declining sales of aircraft materials, but profit increased due to changes in the product mix. - FY2022-Q2Continued improvement in electronic materials and deterioration in industrial structural materialsAnnual report
「Sales in industrial structural materials declined, but sales in electronic materials remained steady」
The difference by field continues, with sales in electronic materials remaining steady while sales in industrial structural materials decline. - FY2022-Q1Continued coexistence of improvement in electronic materials and deterioration in industrial structural materialsAnnual report
「In electronic materials, net sales were ¥766 million, up 11.2% year on year, due in part to steady sales of flexible printed wiring board materials (orders up 0.9% and production up 11.5% year on year, on a standalone basis for the filing company). Segment profit was ¥96 million, up 24.8%. In industrial structural materials, net sales were ¥163 million, down 27.0% year on year, due in part to lower sales of aircraft materials. Segment profit was ¥17 million, down 24.7%.」
Electronic materials posted higher net sales and segment profit, while industrial structural materials posted lower net sales and segment profit due to declining sales of aircraft materials, with differences in impact by field continuing. - FY2021Electronic materials improve while industrial structural materials deteriorateAnnual report
「In electronic materials, sales of the mainstay flexible printed wiring board materials for multifunctional mobile devices… remained steady, resulting in net sales of ¥3,165 million, up 6.3% year on year… In industrial structural materials, sales of aircraft materials declined significantly, but sales of automotive materials began, resulting in net sales of ¥884 million, down 1.5% year on year.」
Electronic materials posted higher sales, while industrial structural materials posted lower sales due to declining sales of aircraft materials, with demand impacts differing by field. - FY2021-Q2Impact of the pandemic emerging by fieldAnnual report
「The impact of the spread of COVID-19 on the performance of the Group remained limited in electronic materials, but industrial structural materials, electrical insulating materials and display materials were significantly affected.」
Regarding the previous weak-demand risk, it states that the impact of the pandemic was limited in electronic materials but became significant in industrial structural materials, electrical insulating materials and display materials. - FY2021-Q1MitigatedAnnual report
「In electronic materials, net sales were ¥689 million, up 5.2% year on year, due in part to higher sales of flexible printed wiring board materials (orders up 0.7% and production up 8.2% year on year, on a standalone basis for the filing company). In industrial structural materials, net sales were ¥223 million, up 2.6% year on year, due in part to higher sales of aircraft and automotive materials.」
Sales and net sales increased year on year in both electronic materials and industrial structural materials, reducing the impact of the previous weak-demand risk on sales. Meanwhile, profit in industrial structural materials declined due to higher development expenses. - FY2020MitigatedAnnual report
「In electronic materials, sales of the mainstay flexible printed wiring board materials for multifunctional mobile devices… remained steady, resulting in net sales of ¥2,976 million, up 3.5% year on year… In industrial structural materials, net sales were ¥897 million, up 6.9% year on year, due in part to higher sales of aircraft interior materials.」
Net sales increased year on year in both electronic materials and industrial structural materials, indicating that the impact of the previous weakness in demand on sales has diminished. Meanwhile, profit in electronic materials declined. - FY2020-Q3WorsenedAnnual report
「In electronic materials, the mainstay flexible printed wiring board materials performed steadily (orders up 3.8% and production up 4.7% year on year, on a standalone basis for the filing company), but net sales were ¥2,248 million, down 0.7% year on year, due in part to lower sales of rigid printed wiring boards by 株式会社サトーセン. In industrial structural materials, sales of aircraft materials remained steady, but net sales were limited to ¥646 million, up 2.7% year on year, due in part to lower sales of pressure vessels for water treatment.」
Sales declined for rigid printed wiring boards in electronic materials and for pressure vessels for water treatment in industrial structural materials, again clearly indicating deterioration in demand and sales in both fields. - FY2020-Q2RestatedAnnual report
「In electronic materials, centered on the mainstay flexible printed wiring board materials (orders up 4.3% and production up 7.0% year on year, on a standalone basis for the filing company), net sales were ¥1,453 million, down 1.7% year on year, and segment profit was ¥111 million, down 19.9%. In industrial structural materials, centered on FW molded products, honeycomb panels for aircraft and prepregs, net sales were ¥433 million, up 1.8% year on year, and segment profit was ¥62 million, down 16.2%.」
Although some orders and sales increased in electronic materials and industrial structural materials, segment profit declined in both fields, indicating that the impact on demand and performance has continued. - FY2020-Q1WorsenedAnnual report
「In electronic materials, centered on the mainstay flexible printed wiring board materials (orders up 5.1% and production up 12.6% year on year, on a standalone basis for the filing company), net sales were ¥655 million, down 4.5% year on year, and segment profit was ¥45 million, down 30.1%. In industrial structural materials, centered on FW molded products, honeycomb panels for aircraft and prepregs, net sales were ¥217 million, up 0.1% year on year, and segment profit was ¥28 million, down 28.4%.」
Net sales and segment profit declined in electronic materials, while industrial structural materials posted nearly flat sales but lower segment profit. Profit also declined in electronic materials despite higher orders and production, indicating that the impact of weak demand on performance has re-emerged. - FY2019MitigatedAnnual report
「In electronic materials, sales increased, centered on the mainstay flexible printed wiring board materials for multifunctional mobile devices. In industrial structural materials, sales increased, centered on FW molded products, honeycomb panels for aircraft, prepregs and pressure vessels for water treatment.」
It states that sales increased in both electronic materials and industrial structural materials, and that the impact of the previous weakness in demand has continued to diminish. - FY2019-Q3MitigatedAnnual report
「In electronic materials, centered on the mainstay flexible printed wiring board materials (orders up 7.0% and production up 1.3% year on year, on a standalone basis for the filing company), net sales were ¥2,263 million, up 13.8% year on year, and segment profit was ¥224 million, down 4.0%. In industrial structural materials, centered on FW molded products, honeycomb panels for aircraft and prepregs, net sales were ¥629 million, up 18.1% year on year, and segment profit was ¥104 million, up 29.3%.」
Net sales increased year on year in both electronic materials and industrial structural materials, while industrial structural materials also posted higher profit. In electronic materials, profit fell 4.0% despite higher sales, indicating that improvement differed by field. - FY2019-Q2RestatedAnnual report
「Sales and operating profit increased from the same period of the previous year due to solid demand for electronic materials, primarily used in multifunctional mobile devices, and efforts to improve profitability in industrial structural materials, among other factors.」
Year-on-year revenue and earnings growth has continued, supported by firm demand for electronic materials and efforts to improve profitability in industrial structural materials. - FY2019-Q1MitigatedAnnual report
「In electronic materials, centered on the mainstay flexible printed wiring board materials (orders up 12.9% and production up 8.9% year on year, on a standalone basis for the filing company), net sales were ¥686 million, up 16.2% year on year, and segment profit was ¥64 million, up 8.7%. In industrial structural materials, centered on FW molded products, honeycomb panels for aircraft and prepregs, net sales were ¥217 million, up 31.5% year on year, and segment profit was ¥39 million, up 57.5%.」
It states that, despite the previous weakness in demand for electronic materials and industrial structural materials, net sales and segment profit increased year on year in both fields, further reducing the impact of weak demand on performance. - FY2018-Q3RestatedAnnual report
「Sales and operating profit increased from the same period of the previous year due to solid demand for electronic materials, primarily used in multifunctional mobile devices, and efforts to improve profitability in industrial structural materials, among other factors.」
Revenue and earnings growth continued through the nine-month period, driven by firm demand for electronic materials and efforts to improve profitability in industrial structural materials. - FY2018-Q2RestatedAnnual report
「Sales and operating profit increased from the same period of the previous year due to solid demand for electronic materials, primarily used in multifunctional mobile devices, and efforts to improve profitability in industrial structural materials, among other factors.」
Higher demand for electronic materials and efforts to improve profitability in industrial structural materials continued to result in higher sales and profit year on year. - FY2018-Q1MitigatedAnnual report
「Sales and operating income increased from the same period of the previous year, supported by firm demand for electronic materials, mainly used in multifunctional mobile devices, and efforts to improve earnings in industrial structural materials.」
In contrast to the earlier weakness in demand for electronic and industrial structural materials, the filing describes firmer demand for electronic materials and earnings-improvement efforts in industrial structural materials, resulting in higher sales and operating income year on year. - FY2017RestatedAnnual report
「Sales in the electronic materials and industrial structural materials businesses, primarily serving multifunctional mobile devices, decreased from the previous year.」
Weak demand for electronic materials and industrial structural materials continued throughout the fiscal year, resulting in lower sales. - FY2017-Q3RestatedAnnual report
「Sales and operating profit decreased from the same period of the previous year because demand for electronic materials and industrial structural materials, primarily used in multifunctional mobile devices, was weak.」
Weak demand for electronic materials and industrial structural materials continued through the cumulative third quarter. For electronic materials, orders received decreased 22.5%, production decreased 21.9%, sales decreased 14.9%, and segment profit decreased 39.5%, while sales of industrial structural materials decreased 6.4% and segment profit decreased 48.5%. - FY2017-Q2RestatedAnnual report
「Sales and operating income declined from the same period of the previous year because demand for electronic materials, mainly used in multifunctional mobile devices, and demand for industrial structural materials were sluggish.」
Weak demand continued through the cumulative second quarter. For electronic materials, orders received and production both decreased 26.7% year on year, sales decreased 17.0%, and segment profit decreased 46.0%, while segment profit for industrial structural materials decreased 63.2%. - FY2017-Q1MaterialisedAnnual report
「Sales and operating income declined from the same period of the previous year because demand for electronic materials, mainly used in multifunctional mobile devices, and demand for industrial structural materials were sluggish.」
Weak demand resulted in lower sales and operating income for the quarter. Orders for electronic materials declined 27.1% year on year and production declined 26.0%.