Demand fluctuations in the semiconductor and small- and medium-sized display markets
First written in FY2017-Q1. 16 of 35 entries say "Restated". Latest entry: 2026-08-07.
Japan Material moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2023: 43 of 66 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings
「Amid continued expectations for strong growth, particularly in generative AI-related fields, capital investment by semiconductor manufacturers is accelerating against the backdrop of growing demand for advanced semiconductors.」
The statement indicates continued improvement in market conditions, with rising demand for generative AI-related products and advanced semiconductors driving accelerated capital investment by semiconductor manufacturers. - FY2026MitigatedAnnual report
「While high growth centered on generative AI-related applications is expected to continue, capital investment by semiconductor manufacturers expanded against a backdrop of growing demand for advanced semiconductors.」
Capital investment by semiconductor manufacturers expanded amid growing demand for generative AI and advanced semiconductors, and the market environment continued to improve from the looser supply and demand conditions seen through the previous fiscal year. - 2026-05-13MitigatedRevision of earnings forecasts
「In the industries in which the Group operates, capital investment by semiconductor manufacturers expanded against the backdrop of growing demand for advanced semiconductors, amid continued expectations for strong growth, particularly in generative AI-related fields.」
Continued growth expectations for generative AI-related fields, rising demand for advanced semiconductors, and increased capital investment by semiconductor manufacturers indicate that the demand environment continues to improve. - FY2026-H1MitigatedAnnual report
「In the industries in which our group operates, high growth centered on generative AI-related applications is expected to continue, while investment focused mainly on development continued in memory-related areas.」
The note indicates continued expectations for high growth in generative AI-related applications and continued memory-related investment, with the improved market environment following the looser supply and demand conditions seen through the previous fiscal year remaining in place. - FY2025-H1MitigatedAnnual report
「In the industries in which our group operates, semiconductor supply and demand improved as demand centered on generative AI-related applications remained firm and semiconductor inventory adjustments progressed.」
The note states that firm generative AI-related demand and progress in semiconductor inventory adjustments moved conditions from the supply and demand imbalance seen through the previous fiscal year to an improvement in supply and demand. - FY2024Strong power semiconductor and generative AI demand coexists with looser supply and demand conditionsAnnual report
「Demand centered on power semiconductors and generative AI-related applications remained strong, and signs of recovery emerged in the semiconductor market as a new semiconductor plant opened in Kyushu and construction progressed on another new semiconductor plant in Hokkaido. However, demand for some consumer products, including smartphones, PCs and televisions, as well as demand for data centers, declined, resulting in looser semiconductor supply and demand conditions overall.」
The note indicates signs of recovery driven by power semiconductors, generative AI-related applications and the opening and construction of new plants, while also noting declining demand for consumer products and data centers and looser supply and demand conditions. - FY2024-Q3Signs of recovery in the memory marketAnnual report
「Although demand centered on generative AI-related applications remained strong, and demand for some consumer products, including smartphones, PCs and televisions, as well as demand for data centers, declined, resulting in looser semiconductor supply and demand conditions overall, signs of recovery began to emerge in the memory market from the latter part of the third quarter.」
While strong generative AI-related demand coexisted with declining demand for some consumer products and data centers, the note newly indicates signs of recovery in the memory market from the latter part of the third quarter. - FY2024-Q2Generative AI demand remains strong, while weakness in some demand continuesAnnual report
「Although demand centered on generative AI-related applications remained strong, demand for some consumer products, including smartphones, PCs and televisions, as well as demand for data centers, declined, resulting in looser semiconductor supply and demand conditions overall.」
The note newly indicates strong demand related to generative AI, while weakness in demand for some consumer products and data centers continued, resulting in looser overall semiconductor supply and demand conditions. - FY2024-Q1RestatedAnnual report
「In the industries in which our group operates, demand for some consumer products, including smartphones, PCs and televisions, as well as demand for data centers, declined, resulting in looser supply and demand conditions for semiconductors.」
The conditions seen since the previous full fiscal year, in which demand for some consumer products and data centers declined and semiconductor supply and demand became looser, have continued. - FY2023WorsenedAnnual report
「In the industries in which our group operates, demand for some consumer electronics, including smartphones, PCs and televisions, declined, and demand for data centers also began to decline from the latter part of the third quarter, resulting in looser supply and demand conditions for semiconductors.」
Previously, demand growth for data centers and automotive applications had been indicated, but this time the note explicitly states that, in addition to some consumer products, data center demand also declined from the latter part of the third quarter, resulting in looser supply and demand conditions. - FY2023-Q3RestatedAnnual report
「Although demand for some consumer electronics, including smartphones, PCs and televisions, declined, semiconductor demand continued to increase, driven by growing demand for data centers and automotive applications associated with the spread of IoT and 5G.」
While demand for some consumer electronics continued to decline, overall semiconductor demand maintained its upward trend, supported by demand for data centers and automotive applications driven by IoT and 5G. - FY2023-Q2WorsenedAnnual report
「Although demand for some consumer electronics, including smartphones, PCs and televisions, weakened somewhat, semiconductor demand continued to increase, driven by growing demand for data centers and automotive applications associated with the spread of IoT and 5G.」
Overall semiconductor demand maintained its upward trend, supported by data centers and automotive applications, although demand for some consumer electronics, including smartphones, PCs and televisions, weakened. - FY2023-Q1RestatedAnnual report
「In the industries in which our group operates, semiconductor demand continued to increase, driven by the expansion of remote work and online education and growing demand for data centers and automotive applications associated with the spread of IoT and 5G.」
The increase in semiconductor demand driven by remote work, online education, IoT, 5G, data centers and automotive applications has continued. - FY2022RestatedAnnual report
「Semiconductor demand continued to increase, driven by the expansion of remote work and online education and growing demand for data centers and automotive applications associated with the spread of IoT and 5G.」
The increase in semiconductor demand driven by remote work, online education, IoT, 5G, data centers and automotive applications has continued. - FY2022-Q3RestatedAnnual report
「In the industries in which our group operates, semiconductor demand is increasing, driven by the expansion of remote work and online education, as well as growing demand for data centers and automotive applications associated with the spread of IoT and 5G.」
The increase in semiconductor demand driven by remote work, online education, IoT, 5G, data centers and automotive applications has continued. - FY2022-Q2RestatedAnnual report
「In the industries in which our group operates, semiconductor demand is increasing, driven by the expansion of remote work and online education, as well as growing demand for data centers and automotive applications associated with the spread of IoT and 5G.」
The increase in semiconductor demand driven by remote work, online education, IoT, 5G, data centers and automotive applications has continued. - FY2022-Q1MitigatedAnnual report
「In the industries in which our group operates, semiconductor demand is expanding, driven by the growth of remote work and online education, as well as increased demand for data centers and automotive applications associated with the spread of IoT and 5G.」
The situation progressed from the previous recovery trend to an expansion trend in semiconductor demand, driven by remote work, online education, data centers and automotive applications. - FY2021-Q3Additional factors supporting demand recoveryAnnual report
「In the industries in which our group operates, semiconductor demand is recovering, driven by increased demand for data centers associated with the spread of IoT and 5G, as well as the expansion of remote work.」
The note states that the recovery in semiconductor demand continued, with the expansion of remote work added as a demand driver alongside the existing IoT, 5G and data center-related factors. - FY2021-Q2RestatedAnnual report
「In the industries in which our group operates, semiconductor demand is recovering as the spread of IoT and 5G, the fifth-generation mobile communications system, increases demand for data centers and other applications.」
The note continues to explain that semiconductor demand is recovering, driven by increased demand for data centers and other applications associated with the spread of IoT and 5G. - FY2021-Q1RestatedAnnual report
「In the industries in which our group operates, semiconductor demand is recovering as the spread of IoT and 5G, the fifth-generation mobile communications system, increases demand for data centers.」
The note continues to explain that semiconductor demand is recovering, driven by demand for data centers associated with the spread of IoT and 5G. - FY2020WorsenedAnnual report
「In the industries in which our group operates, semiconductor demand is recovering as increased demand for data centers associated with the spread of IoT and 5G, the fifth-generation mobile communications system, offsets the smartphone market slowdown and the partially cautious stance of major semiconductor manufacturers toward new capital investment.」
The note states that semiconductor demand is recovering, driven by data center demand associated with IoT and 5G, while also describing the smartphone market slowdown, more cautious capital investment by major semiconductor manufacturers, partial production suspensions at small- and medium-sized display plants and delays in new capital investment. - FY2020-Q3RestatedAnnual report
「In the industries in which our group operates, semiconductor demand is expected to recover as IoT and 5G, the next-generation communications standard, become more widespread, increasing demand for data centers and automotive applications, although some major semiconductor manufacturers have taken a cautious stance toward new capital investment.」
The note continues to describe an expected recovery in demand for data centers and automotive applications driven by IoT and 5G, while also indicating a slowdown in the smartphone market and more cautious capital investment by semiconductor manufacturers. - FY2020-Q2RestatedAnnual report
「In the industries in which our group operates, semiconductor demand is expected to recover as IoT and 5G, the next-generation communications standard, become more widespread, increasing demand for data centers and automotive applications, although some major semiconductor manufacturers have taken a cautious stance toward new capital investment.」
The note describes continued weakness in the smartphone market, more cautious capital investment by semiconductor manufacturers and a slowdown in new capital investment for NAND flash memory, while also indicating an expected recovery in demand for data centers and automotive applications driven by IoT and 5G. - FY2020-Q1WorsenedAnnual report
「In the industries in which our group operates, semiconductor demand is expected to recover as IoT and 5G, the next-generation communications standard, become more widespread, increasing demand for data centers and automotive applications, despite the smartphone market slowdown, a cautious stance toward new capital investment among major semiconductor manufacturers and signs of production adjustments in some areas.」
The business analysis indicates a slowdown in new capital investment at NAND flash memory plants, in addition to the smartphone market slowdown, more cautious capital investment by major semiconductor manufacturers and production adjustments in some areas. It also describes an expected recovery in demand for data centers and automotive applications driven by IoT and 5G. - FY2019RestatedAnnual report
「In the industries in which our group operates, semiconductor demand continued despite a slowdown in the smartphone market, a cautious stance toward new capital investment among major semiconductor manufacturers, and signs of production adjustments in some areas. Demand was supported by increased demand for data centers and automotive applications as IoT adoption spread and by smartphones offering greater storage capacity and higher performance.」
The note states that semiconductor demand continued, supported by data center and automotive applications, despite the smartphone market slowdown, more cautious capital investment and production adjustments in some areas. There has been no substantive change from the previous quarter. - FY2019-Q3WorsenedAnnual report
「In the industries in which our group operates, semiconductor demand continued despite a slowdown in the smartphone market, a cautious stance toward new capital investment among major semiconductor manufacturers, and signs of production adjustments in some areas. Demand was supported by increased demand for data centers and automotive applications as IoT adoption spread and by smartphones offering greater storage capacity and higher performance.」
While semiconductor demand continued, the note identifies new downward pressure from the smartphone market slowdown, more cautious capital investment by major semiconductor manufacturers and production adjustments in some areas, indicating a widening range of risks in the market environment. - FY2019-Q2RestatedAnnual report
「In the industries in which our group operates, semiconductor demand continued, particularly in the semiconductor market, driven by increased demand for data centers and automotive applications as IoT adoption spread and by smartphones offering greater storage capacity and higher performance.」
The note describes continued semiconductor demand driven by IoT adoption, data center and automotive applications, and smartphones offering greater storage capacity and higher performance. - FY2019-Q1MitigatedAnnual report
「In the industries in which our group operates, demand for NAND flash memory expanded, particularly in the semiconductor market, driven by increased demand for data centers as IoT adoption spread and by smartphones offering greater storage capacity and higher performance.」
The note states that demand for NAND flash memory progressed from being sustained to expanding, driven by IoT adoption and smartphones offering greater storage capacity and higher performance. - FY2018RestatedAnnual report
「In the industries in which our group operates, demand for NAND flash memory continued in the semiconductor market, driven by increased demand for data centers as IoT adoption spread and by smartphones offering greater storage capacity and higher performance. In the small- and medium-sized display market, attention focused on the first-ever shipment of OLED panels produced using a printing process, as well as capital investment and mass-production plans for OLED panels for smartphones.」
The market trends described continue to include sustained demand for NAND flash memory and shipments, capital investment and mass-production plans for OLED panels. - FY2018-Q3RestatedAnnual report
「Regarding the market environment surrounding our group, demand for NAND flash memory continued in the semiconductor market, driven by increased demand for data centers as IoT adoption spread and by smartphones offering greater storage capacity. In the small- and medium-sized display market, OLED panels produced using a printing process were shipped for the first time anywhere in the world and attracted attention as displays creating new applications across a broad range of fields.」
The note states that demand for NAND flash memory continued in the semiconductor market, while OLED panels produced using a printing process were shipped for the first time in the small- and medium-sized display market and attracted attention for new applications. Themes relating to market demand and technological trends remain unchanged. - FY2018-Q2RestatedAnnual report
「The market environment surrounding our Group remained strong in the semiconductor market, where demand was driven by increased demand for data servers resulting from the spread of IoT and higher smartphone memory capacity, and shortages of NAND flash memory continued. In the small- and medium-sized display market, the installation of organic EL panels in smartphones was announced, and attention focused on capital investment and developments toward the commercialization of mass-production technology.」
Robust demand in the semiconductor market and capital investment toward the installation and mass production of organic EL panels in the small- and medium-sized display market continue to be noted. - FY2018-Q1RestatedAnnual report
「The market environment surrounding our Group remained strong in the semiconductor market, where capital investment continued in response to robust demand driven by increased demand for data servers resulting from the spread of IoT and higher smartphone memory capacity. In the small- and medium-sized display market, plans to install organic EL panels in smartphones moved into full swing, and attention focused on capital investment and developments toward mass production.」
Robust demand and continued capital investment in the semiconductor market, along with plans to install organic EL panels in small- and medium-sized displays, are noted. There is no substantive change from the previous recovery in demand and firm market conditions. - FY2017-Q3MitigatedAnnual report
「The semiconductor memory market remained firm as demand continued, accompanied by higher selling prices due to increased demand for data servers and higher memory content in smartphones, as well as increased memory content in automotive semiconductors used in applications such as autonomous driving. The small- and medium-sized display market also remained firm due to demand for automotive applications and smartphone replacement purchases.」
The semiconductor memory market remained firm with continued demand and higher selling prices, while the small- and medium-sized display market also strengthened due to demand for automotive applications and smartphone replacement purchases. Compared with the previous sluggish demand, the wording indicates an improvement in both markets. - FY2017-Q2MitigatedAnnual report
「The semiconductor market remained firm as demand increased for memory for data servers with the spread of IoT and for automotive semiconductors used in applications such as autonomous driving. In the small- and medium-sized display market, the decline in product demand was checked as Chinese smartphones became more sophisticated, while attention focused on plans for large-scale capital investment in organic EL panels.」
The semiconductor market remained firm amid increased demand related to IoT and autonomous driving, while the decline in product demand in the small- and medium-sized display market was checked as Chinese smartphones became more sophisticated. Compared with the previous sluggish demand, the wording indicates a less severe deterioration in demand. - FY2017-Q1First statedAnnual report
「In the semiconductor market, demand for memory devices for data servers and automotive applications continued. In the small- and medium-sized display market, demand remained sluggish due to factors including slower smartphone growth and falling selling prices, but attention focused on capital investment plans for the mass production of organic EL displays.」
Continued semiconductor demand and sluggish demand in the small- and medium-sized display market are noted together.