HDD Market Contraction Driven by SSD Substitution and Customer Consolidation
First written in FY2019-Q1. 9 of 26 entries say "Worsened", first in FY2019. Latest entry: 2026-08-05.
Fujimi moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
3 other companies' latest entry also says "Mitigated".
- 2026-08-05MitigatedEarnings
「Sales of products for hard disk substrates were ¥662 million, up 45.9% year on year, as customer operations remained strong and inventory adjustments at customers resulting from improvements to their production processes occurred in the previous fiscal year.」
The impact of the decline in sales of products for hard disk substrates weakened, partly due to the reversal of inventory adjustments resulting from customers' production process improvements in the previous fiscal year. - FY2026MitigatedAnnual report
「Although customer operations remained strong, sales of products for hard disk substrates were ¥2,238 million, down 12.1% year on year, due to the impact of improvements to customers' production processes.」
The decline in sales due to improvements to customers’ production processes continued, but the decline rate narrowed from 21.2% in the previous fiscal year to 12.1%. - 2026-05-14RestatedEarnings
「Although customer operations remained strong, sales of products for hard disk substrates were ¥2,238 million, down 12.1% year on year, due to the impact of improvements to customers' production processes.」
While customer operations remained strong, the decline in sales caused by improvements to customers' production processes was reconfirmed in the full-year results. - FY2026-H1WorsenedAnnual report
「Although customer operating rates remained strong, sales of products for hard disk substrates were ¥1,000 million, down 22.5% year on year, due to the impact of improvements to customers’ production processes.」
Sales shifted from a 174.2% year-on-year increase in the previous year, driven by increased demand for data center HDDs, to a 22.5% year-on-year decline due to the impact of improvements to customers’ production processes. - FY2025-H1MitigatedAnnual report
「Sales of products for hard disk substrates were ¥1,290 million, up 174.2% year on year, due to increased demand for HDDs (hard disk drives) used in data centers.」
In contrast to the previous decline in sales caused by the shift to SSDs and adjustments in the HDD market, sales rose 174.2% year on year due to increased demand for data center HDDs, weakening the negative impact. - FY2024MitigatedAnnual report
「Although customer operating rates recovered in the second half, sales of products for hard disk substrates were ¥1,383 million, down 8.1% from the previous fiscal year, due to production and inventory adjustments in the HDD (hard disk drive) market during the first half.」
The decline in sales due to production and inventory adjustments in the HDD market continued, but customer operating rates recovered in the second half, narrowing the decline rate from 21.2% in the previous fiscal year to 8.1%. - FY2024-Q3MitigatedAnnual report
「Although customer operating rates recovered, third-quarter sales rose 105.6% from the previous quarter. However, due to production and inventory adjustments in the HDD (hard disk drive) market during the first half, sales were ¥911 million, down 17.3% year on year.」
Although production and inventory adjustments in the HDD market continued, third-quarter sales rose 105.6% from the previous quarter as customer operating rates recovered, partially mitigating the negative impact on sales. - FY2024-Q2WorsenedAnnual report
「Sales of hard disk drive products were ¥470 million, down 53.1% year on year, due to production and inventory adjustments in the HDD (hard disk drive) market.」
The production and inventory adjustments in the HDD market caused the decline rate for hard disk drive product sales to widen to 53.1% year on year. - FY2024-Q1WorsenedAnnual report
「Sales of hard disk drive products were ¥256 million, down 50.9% year on year, due to production and inventory adjustments in the HDD (hard disk drive) market.」
The production and inventory adjustments in the HDD market caused the decline rate for hard disk drive product sales to widen to 50.9% year on year. - FY2023-Q3WorsenedAnnual report
「Sales of hard disk drive products were ¥1,102 million, down 14.2% year on year, and were affected by sharp production and inventory adjustments in the HDD (hard disk drive) market from the third quarter onward.」
In addition to the shift to SSDs and other factors, the filing states that sharp production and inventory adjustments occurred in the HDD market from the third quarter onward. Sales fell 14.2% year on year, with new specific factors behind the deterioration in market conditions identified. - FY2023-Q2MitigatedAnnual report
「Although the shift to SSDs continued, sales of hard disk drive products were ¥1,002 million, up 26.8% year on year, due to increased demand for server HDDs (hard disk drives), the impact of foreign exchange rates and other factors.」
Although the shift to SSDs continued, sales rose 26.8% year on year due to increased demand for server HDDs and other factors, weakening the negative impact of market contraction during the quarter. - FY2023-Q1MitigatedAnnual report
「Although the shift to SSDs continued, sales of hard disk drive products were ¥520 million, up 32.8% year on year, due to increased demand for server HDDs (hard disk drives), the impact of foreign exchange rates and other factors.」
Although the shift to SSDs continued, sales rose 32.8% year on year due to increased demand for server HDDs and other factors, temporarily weakening the negative impact of the market contraction on sales. - FY2022-Q3MitigatedAnnual report
「Sales of hard disk drive products were ¥1,285 million, down 8.9% year on year, due to the shift to SSDs and the impact of production discontinuations associated with certain customers exiting the business.」
The impact of the shift to SSDs and production discontinuations associated with certain customers exiting the business continued, but the year-on-year decline rate narrowed from 15.7% in the cumulative period through the previous quarter to 8.9%. - FY2022-Q2WorsenedAnnual report
「Sales of hard disk drive products were ¥790 million, down 15.7% year on year, due to the shift to SSDs and the impact of production discontinuations associated with certain customers exiting the business.」
In addition to the shift to SSDs, production discontinuations associated with certain customers exiting the business were newly identified, resulting in hard disk drive product sales down 15.7% year on year. - FY2022-Q1WorsenedAnnual report
「Sales of hard disk drive products were ¥392 million, down 18.5% year on year, due to the shrinking market resulting from the shift to SSDs and lower operating rates at certain customers.」
In addition to the market contraction resulting from the shift to SSDs, lower operating rates at certain customers were newly identified, and the decline rate for hard disk drive product sales widened from 11.2% in the previous year to 18.5%. - FY2021WorsenedAnnual report
「Sales of hard disk drive products were ¥1,705 million, down 21.2% from the previous fiscal year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The decline in hard disk drive product sales continued due to the shift to SSDs and other factors, resulting in full-year sales down 21.2% from the previous fiscal year. - FY2021-Q3WorsenedAnnual report
「Sales of hard disk drive products were ¥1,410 million, down 15.0% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The decline rate for hard disk drive product sales widened from 14.2% in the cumulative period through the previous quarter to 15.0%, due to the shift to SSDs and other factors. - FY2021-Q2RestatedAnnual report
「Sales of hard disk drive products were ¥938 million, down 14.2% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The market contraction resulting from the shift to SSDs and changes in customers’ production processes continued to be reflected in results, with hard disk drive product sales down 14.2% year on year. - FY2021-Q1RestatedAnnual report
「Sales of hard disk drive products were ¥481 million, down 11.2% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The market contraction resulting from the shift to SSDs and changes in customers’ production processes continued to be reflected in results, with hard disk drive product sales down 11.2% year on year. - FY2020-Q3RestatedAnnual report
「Sales of hard disk drive products were ¥1,658 million, down 11.0% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The market contraction resulting from the shift to SSDs and changes in customers’ production processes continued to be reflected in results, with hard disk drive product sales down 11.0% year on year. - FY2020-Q2RestatedAnnual report
「Sales of hard disk drive products were ¥1,093 million, down 14.4% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The market contraction resulting from the shift to SSDs and changes in customers’ production processes continued to be reflected in results, with hard disk drive product sales down 14.4% year on year. - FY2020-Q1RestatedAnnual report
「Sales of hard disk drive products were ¥541 million, down 17.5% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The market contraction resulting from the shift to SSDs and changes in customers’ production processes continued to be reflected in results, with hard disk drive product sales down 17.5% year on year. - FY2019WorsenedAnnual report
「Sales of hard disk drive products were ¥2,268 million, down 29.9% from the previous fiscal year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The decline rate for hard disk drive product sales widened from 25.7% in the previous fiscal year to 29.9%, due to the shift to SSDs and other factors. - FY2019-Q3MaterialisedAnnual report
「Sales of hard disk drive products were ¥1,862 million, down 26.4% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The market contraction resulting from the shift to SSDs and changes in customers’ production processes continued to be reflected in results, with hard disk drive product sales down 26.4% year on year. - FY2019-Q2MaterialisedAnnual report
「Sales of hard disk drive products were ¥1,276 million, down 25.7% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in customers’ production processes.」
The market contraction resulting from the shift to SSDs and changes in customers’ production processes continued to be reflected in results, with hard disk drive product sales down 25.7% year on year. - FY2019-Q1MaterialisedAnnual report
「Sales of hard disk drive products were ¥656 million, down 27.4% year on year, due to the shrinking market resulting from the shift to SSDs (solid-state drives) and changes in production processes associated with customer consolidation.」
The market contraction resulting from the shift to SSDs and changes in production processes associated with customer consolidation translated into an actual decline in sales, with hard disk drive product sales down 27.4% year on year.