Supply-demand adjustment and worsening market conditions for polysilicon used in semiconductors
First written in FY2016. 4 of 10 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2019.
OSAKA Titanium technologies moved to the "Worse" side of this theme in 2016, 1 year before the typical company in this theme (2017).
The whole theme swung hardest in 2023: 9 of 15 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual report
「Regarding the polysilicon business, the Board of Directors resolved to withdraw from the business on 28 November 2018, and polysilicon production ended in January 2019.」
Following the end of polysilicon production, the company moved away from describing the former supply-demand gap for semiconductor-grade polysilicon as an ongoing business risk. - FY2018RestatedAnnual report
「We assume that the global supply-demand gap for semiconductor-grade polysilicon will continue for the time being.」
The company reiterated its view that the global supply-demand gap for semiconductor-grade polysilicon would continue for the time being. - FY2018-Q3RestatedAnnual report
「In the polysilicon business, the supply-demand adjustment for semiconductor-grade polysilicon continued, while some shipments in the six-month period were pushed back to the third quarter or later, reducing sales volume from the same period of the previous year. Revenue was ¥6,822 million, down 16.5% year on year.」
The continued supply-demand adjustment for semiconductor-grade polysilicon was reiterated. Delayed shipments also affected results, and revenue fell 16.5% year on year. - FY2018-Q2WorsenedAnnual report
「In the polysilicon business, the supply-demand adjustment for semiconductor-grade polysilicon continued, while some shipments in the six-month period were pushed back to the third and fourth quarters, reducing sales volume. Revenue was ¥2,902 million, down 40.0% year on year.」
The continued supply-demand adjustment for semiconductor-grade polysilicon, combined with the postponement of some shipments, reduced sales volume. Revenue fell 40.0% year on year, with the effect of shipment timing also explicitly noted. - FY2018-Q1RestatedAnnual report
「In the polysilicon business, sales volume declined as the supply-demand adjustment for semiconductor-grade polysilicon continued and shipments were pushed back during the fiscal year. Revenue was ¥1,492 million, down 25.0% year on year.」
The continued supply-demand adjustment for semiconductor-grade polysilicon was reiterated. Sales volume and revenue declined, with delayed shipments also cited as a factor. - FY2017WorsenedAnnual report
「For semiconductor-grade polysilicon, the supply-demand gap is expected to take more time to resolve, and intense price competition continues.」
The company explicitly stated that resolving the supply-demand gap would take time and that intense price competition would continue, again highlighting the difficult conditions in the polysilicon market. - FY2017-Q3RestatedAnnual report
「In the polysilicon business, the supply-demand adjustment for semiconductor-grade polysilicon continued. In addition, an unexpected power outage over a wide area, including the Kishiwada Plant, caused by a fire near a Kansai Electric Power high-voltage transmission tower in October of the previous year brought the polysilicon plant to a halt. Despite efforts to restore operations quickly, production and shipments declined, resulting in revenue of ¥8,173 million, down 4.8% year on year.」
The continued supply-demand adjustment for semiconductor-grade polysilicon was reiterated. Revenue fell 4.8% year on year, with the decline in production and shipments caused by the unexpected power outage also cited as a new factor in the quarter. - FY2017-Q2WorsenedAnnual report
「In the polysilicon business, sales volume declined due to the continued supply-demand adjustment for semiconductor-grade polysilicon, the impact of reviewing sales volumes for major customers, and the back-loaded shipment schedule for the fiscal year. Revenue was ¥4,838 million, down 31.7% year on year.」
The supply-demand adjustment and review of sales volumes for major customers continued, and revenue fell 31.7% year on year. The segment also recorded a loss of ¥974 million, worsening from the ¥410 million loss in the same period of the previous year. - FY2017-Q1WorsenedAnnual report
「In the polysilicon business, sales volume declined due to the continued supply-demand adjustment for semiconductor-grade polysilicon, the impact of reviewing sales volumes for major customers, and the back-loaded shipment schedule for the fiscal year. Revenue was ¥1,990 million, down 39.2% year on year.」
The supply-demand adjustment and review of sales volumes for major customers continued. Polysilicon revenue fell 39.2% year on year, and segment loss was ¥403 million. - FY2016MaterialisedAnnual report
「The supply-demand adjustment for semiconductor-grade polysilicon is continuing. In addition, the company recognized an impairment loss of ¥9.5 billion on polysilicon manufacturing equipment, following a review of expected future sales volumes in light of deteriorating market conditions and the recent production issue.」
Against a backdrop of continued supply-demand adjustment and deteriorating market conditions, the company recognized an impairment loss of ¥9.5 billion on polysilicon manufacturing equipment.