Normalization of Stay-at-Home Demand and Falling LCD Panel Prices
First written in FY2022-Q1. 6 of 15 entries say "Softened", first in FY2022-Q2. Latest entry: FY2026.
Aimechatec moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 43 of 66 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「In the FPD and optical-device fields, signs emerged of the resumption of investment in microdisplays such as OLEDOS and a bottoming out of investment in LCDs.」
Although uncertainty remains in the overall FPD investment environment, the resumption of microdisplay investment and a bottoming out in LCD investment were indicated, shifting the commentary further toward recovery from the previous investment restraint. - FY2026-H1SoftenedAnnual report
「In the flat-panel display (FPD) and optical device sectors, there were signs of a partial recovery in investment in microdisplays for AR/VR applications and in OLED and LCD applications.」
Uncertainty remains in the overall FPD investment environment, but the filing indicated signs of partial recovery in AR/VR microdisplays and OLED and LCD applications. - FY2025RestatedAnnual report
「Although investment demand generally remained sluggish in the flat-panel display (FPD) industry, there were signs that investment in microdisplays for AR/VR applications was resuming and that LCD equipment investment was bottoming out.」
Overall FPD investment demand remained weak, but the filing indicated that AR/VR microdisplay investment was resuming and LCD equipment investment was showing signs of bottoming out. - FY2025-H1SoftenedAnnual report
「Although investment demand remained sluggish overall in the flat-panel display (FPD) industry, there were signs of a partial recovery in investment in microdisplays for AR/VR applications and replacement investment for LCDs.」
Overall FPD investment demand remained weak, but signs of partial recovery emerged in AR/VR microdisplay investment and LCD replacement investment, making the description somewhat less negative than the prior year's blanket investment restraint. - FY2024RestatedAnnual report
「In the flat-panel display (FPD) industry, investment restraint continued for both microdisplays and LCDs because of weak panel market conditions and other factors.」
Investment restraint for both microdisplays and LCDs, driven by weak panel market conditions, continued. - FY2024-Q3RestatedAnnual report
「Regarding the business environment of our group, the semiconductor industry showed signs of a full-scale recovery in capacity expansion and research and development investment for both memory and logic applications, supported by a bottoming-out in market conditions and government support in various countries. In contrast, in the flat-panel display (FPD) industry, investment restraint continued for both microdisplays and LCDs because of weak panel market conditions and other factors.」
The filing continued to state that investment restraint for both microdisplays and LCDs was continuing against the backdrop of weak panel market conditions, with no substantive change from the previous quarter. - FY2024-Q2RestatedAnnual report
「In the flat-panel display (FPD) industry, investment restraint continued, mainly for LCD applications, owing to weak panel market conditions, while investment demand for next-generation displays such as microdisplays also showed signs of stalling.」
Weak LCD panel market conditions and investment restraint continued, while investment demand for next-generation displays also showed signs of stalling. - FY2023RestatedAnnual report
「In the FPD industry, market recovery was delayed by weaker global demand for IT equipment, and customers' investment plans were visibly being revised across industries.」
The annual report continued to cite weaker IT equipment demand in the FPD industry, delayed market recovery and customer revisions to investment plans. - FY2023-Q3WorsenedAnnual report
「In the flat-panel display (FPD) industry, the recovery in market conditions was delayed by weaker global demand for IT products, and customers' investment plans were visibly being revised across industries.」
The weak business environment became more specific, shifting from the end of stay-at-home demand and weak LCD panel prices to delayed FPD market recovery caused by weaker global IT product demand and evident revisions to customer investment plans. - FY2023-Q1WorsenedAnnual report
「As LCD panel prices remain weak and new investment in LCD-related equipment is generally expected to continue declining, orders built steadily by capturing demand for capacity additions, replacement and refurbishment of medium-sized panel lines, mainly in China.」
The filing explicitly stated that weak LCD panel prices and declining new equipment investment are expected to continue, underscoring the weakness of the business environment. - FY2022-Q3WorsenedAnnual report
「In the flat-panel display market, LCD panel prices remain sluggish as stay-at-home demand has run its course, although new investment in China continues in anticipation of persistent panel demand.」
Whereas the previous quarter referred to easing supply constraints rather than falling prices, this filing again explicitly mentioned weak LCD panel prices. - FY2022-Q2SoftenedAnnual report
「In the flat-panel display (FPD) market, stay-at-home demand had run its course and the tight supply-demand balance for panels had eased, although new LCD panel investments are being made in China, where demand for panels is expected to remain firm.」
The end of stay-at-home demand continued to be mentioned, while the previous reference to falling LCD panel prices was replaced by a statement that tight panel supply and demand had eased. - FY2022-Q1First statedAnnual report
「In the flat-panel display (FPD) market, stay-at-home demand ran its course and LCD panel prices began to decline.」
The unwinding of stay-at-home demand and the decline in LCD panel prices were cited as factors worsening the business environment.