Dependence on the Electronic Products and Semiconductor Markets
First written in FY2017. 14 of 24 entries say "Materialised", first in FY2019-Q3. Latest entry: 2026-10-27.
Maruwa moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
1 other company's latest entry also says "Mitigated".
- FY2026MaterialisedAnnual report
「Market conditions weakened in the automotive-related business, while the recovery in general-purpose memory expected in the second half was delayed in the semiconductor-related business」
It states that weaker market conditions in the automotive-related business and the delayed recovery in general-purpose memory in the semiconductor-related business emerged as actual business conditions, leading to lower earnings in the ceramic components business. - 2026-05-08MaterialisedEarnings
「While market conditions weakened in automotive-related products and the recovery expected in the second half for general-purpose memory applications in the semiconductor-related business was delayed, next-generation high-speed communications remained strong and contributed to earnings. Revenue was ¥74,476 million, up 3.7% year on year; operating profit was ¥24,976 million, down 7.2%; ordinary profit was ¥26,321 million, down 2.6%; and net profit attributable to owners of the parent was ¥18,163 million, down 5.6%.」
Weaker market conditions in the automotive and semiconductor-related businesses and the delayed recovery in general-purpose memory applications were reflected in the full-year results, with operating profit and lower-line profits below the previous fiscal year's levels. - FY2026-H1MaterialisedAnnual report
「Against this backdrop, next-generation high-speed communications remained strong, but weaker market conditions in the automotive and semiconductor-related businesses led to」
It states that weaker market conditions in the automotive and semiconductor-related businesses actually emerged as a business condition during the interim period, in connection with the risk of dependence on the electronic components and semiconductor markets. - FY2025MaterialisedAnnual report
「In semiconductor-related operations, market conditions weakened demand for general-purpose memory, although」
It states that weaker demand for general-purpose memory emerged as a business condition during the period, reflecting the company's dependence on the semiconductor market. - FY2024WorsenedAnnual report
「Under these circumstances, although recovery in the Chinese market was delayed, demand for new energy vehicles and semiconductor manufacturing equipment remained firm, and business expanded in new markets. In terms of profits, the full-scale recovery of high-value-added products for the Chinese communications market was delayed.」
While the delayed recovery of the Chinese market, particularly for high-value-added products for the Chinese communications market, continued throughout the fiscal year, demand for new energy vehicles and semiconductor manufacturing equipment remained firm and business in new markets expanded. - FY2024-Q3Gradual recovery from market adjustments and increased orders from new marketsAnnual report
「Under these circumstances, although the delayed recovery of the Chinese economy continued to postpone the full-scale recovery of some high-value-added products, orders in the information and communications sector and other areas gradually improved from the effects of market adjustments. Demand, mainly for EVs and semiconductor manufacturing equipment, remained firm, while orders from new markets increased, bringing results in line with the company’s expectations.」
While the delayed recovery of the Chinese economy postponed the recovery of some high-value-added products, orders in the information and communications sector gradually improved from market adjustments. Demand for EVs and semiconductor manufacturing equipment remained firm, and orders from new markets increased. - FY2024-Q2Gradual recovery from market adjustmentsAnnual report
「Under these circumstances, although the full-scale recovery of some high-value-added products was delayed owing to the delayed recovery of the Chinese economy, a gradual recovery from the effects of market adjustments was seen in the information and communications sector and other areas. Demand, mainly for EVs and semiconductor manufacturing equipment, continued to be firm, and results were in line with the company’s expectations.」
While the delayed recovery of the Chinese economy postponed the recovery of some high-value-added products, the company saw a gradual recovery from market adjustments in the information and communications sector, while demand for EVs and semiconductor manufacturing equipment remained firm. - FY2024-Q1WorsenedAnnual report
「Under these circumstances, although the group continued to be affected by market adjustments that began in the second half of the previous fiscal year, particularly in the information and communications sector, demand, mainly for EVs and semiconductor manufacturing equipment, remained firm. Net sales fell 8.8% year on year to ¥12,722 million.」
In the electronic components and semiconductor markets, the effects of market adjustments that began in the second half of the previous fiscal year continued to be felt in the information and communications sector, and company-wide net sales also declined year on year. Meanwhile, demand for EVs and semiconductor manufacturing equipment remained firm. - FY2023-Q3MaterialisedAnnual report
「During the nine-month consolidated cumulative period, although some weakness was seen in products for the Chinese market, orders, mainly for EVs and semiconductor manufacturing equipment, remained firm, and the company continued to expand equipment capacity in each ceramic component business with a view to future demand,」
Regarding dependence on the electronics products and semiconductor-related markets, weakness in some products for the Chinese market materialised as actual market conditions. Meanwhile, orders for EVs and semiconductor manufacturing equipment remained firm. - FY2023-Q2MaterialisedAnnual report
「Declining demand resulting from China’s zero-COVID policy and other factors」
Regarding dependence on the electronics products and semiconductor-related markets, the company states that declining demand resulting from China’s zero-COVID policy materialised as actual market conditions. - FY2023-Q1MaterialisedAnnual report
「Declining demand and supply chain disruptions resulting from China’s zero-COVID policy」
Regarding dependence on the electronics products and semiconductor-related markets, the company describes declining demand resulting from Chinese policy and supply chain disruptions as actual market conditions. Meanwhile, strong demand has continued in the EV, communications and semiconductor manufacturing equipment markets. - FY2022ReframedAnnual report
「Although the markets supplied by the group are expected to expand with the rapid growth of EVs, the increasing functionality and miniaturisation of electronic components, the spread of AI and the expansion of the IoT sector accompanying progress toward a decarbonised society, the group’s business performance and financial condition may be affected by a general economic slowdown or weak consumption.」
The company has reframed its dependence on the semiconductor and electronics products markets as a risk, anticipating market expansion in EVs, AI and IoT while recognising the impact of a general economic slowdown and weak consumption. - FY2022-Q3WorsenedAnnual report
「In the semiconductor-related market, global semiconductor shortages led to reduced automobile production, while semiconductor-related investment in global markets was expanding significantly on an unprecedented scale.」
The semiconductor shortage led to reduced automobile production, making the impact of dependence on the market more concrete. The company also states that semiconductor-related investment expanded significantly. - FY2021-Q2MaterialisedAnnual report
「In the electronics market, new demand expected to drive future growth was stimulated by investment in next-generation high-speed communications and the expansion of communications networks accompanying changes in working styles resulting from the promotion of remote work. However, demand related to automobiles and smartphones remained sluggish, and overall market conditions continued to be difficult.」
Regarding dependence on the electronics products and semiconductor markets, the company states that demand related to automobiles and smartphones remained sluggish and that overall market conditions were difficult. - FY2021-Q1MaterialisedAnnual report
「In the electronics market, new demand expected to drive future growth was stimulated by investment in next-generation high-speed communications and the expansion of communications networks accompanying changes in working styles, including the promotion of remote work. Meanwhile, demand related to automobiles and consumer equipment remained sluggish and conditions continued to be difficult.」
Regarding dependence on the electronics products and semiconductor-related markets, the company states that demand related to automobiles and consumer equipment remained sluggish, while demand related to next-generation high-speed communications and remote work was stimulated. - FY2020WorsenedAnnual report
「In the electronics market related to the company, exports declined and capital investment remained restrained, making it difficult to forecast market conditions owing to the COVID-19 pandemic.」
The company states that, amid continued declines in exports and restrained capital investment, the COVID-19 pandemic made market conditions difficult to forecast. - FY2020-Q3MaterialisedAnnual report
「In the electronics market related to the company, declining exports and restrained capital investment continued, but」
Regarding the risk associated with dependence on the electronics products and semiconductor markets, the company states that declining exports and restrained capital investment have continued as actual market conditions. - FY2020-Q2MaterialisedAnnual report
「Conditions in this business remained difficult for general-purpose products, as prolonged inventory adjustments and restrained capital investment continued owing to slower consumption and the downturn in the semiconductor market, but」
Regarding the risk associated with dependence on the electronics products and semiconductor markets, the company states that slower consumption, the downturn in the semiconductor market and restrained capital investment have materialised as actual market conditions. - FY2020-Q1MaterialisedAnnual report
「Although the electronics market related to the company saw weakness in exports and capital investment owing to slower consumption of smartphones and other products, demand remained generally firm for high-value-added products targeting next-generation growth markets, including automotive electrification, the automation and labour-saving of production equipment, AI and IoT.」
In the electronics products market, slower consumption of smartphones and other products and weakness in exports and capital investment have materialised as actual market conditions, while demand from next-generation growth markets has remained firm. - FY2019MaterialisedAnnual report
「Demand for electronics products has begun to slow and production adjustments have emerged, owing in part to escalating US-China trade friction. Investment plans for production equipment have been adjusted and orders have begun to weaken, leaving market conditions uncertain.」
Regarding the risk associated with dependence on the electronics products and semiconductor markets, the company states that slower demand, production adjustments, revised investment plans and weaker orders have materialised as actual market conditions. - FY2019-Q3MaterialisedAnnual report
「Conditions in this business have been growing more slowly than before, owing to weaker consumer appetite for electrical products and production adjustments resulting from escalating US-China trade friction, as well as the rescheduling of investment in semiconductor production equipment and slower orders.」
The company states that weaker consumer appetite, production adjustments, the rescheduling of capital investment and slower orders have materialised as actual market conditions in the semiconductor and electronics products markets. - FY2017First statedAnnual report
「The group’s major customers are electronic component manufacturers affected by conditions in the semiconductor market.」
The company states that its major customers are electronic component manufacturers affected by the semiconductor market and identifies the possibility that slower market growth could affect its business performance as a risk. It also explains that it has previously been affected by declining orders when market conditions deteriorated.