End of Semiconductor Industry Inventory Adjustments and a Gradual Recovery
First written in FY2025. 1 of 4 entries say "Advanced", first in FY2027-H1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2023: 47 of 75 companies on the "Worse" side.
2 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「During the interim consolidated accounting period from 1 April 2026 to 30 September 2026, the global economy was driven by AI-related investment and expanding semiconductor demand, while rising energy prices amid heightened tensions in the Middle East pushed up prices and corporate costs in countries worldwide.」
The semiconductor industry moved into a situation in which AI-related investment and expanding semiconductor demand were driving global economic growth. Revenue from the semiconductor-related business also increased 108.4% year on year. - FY2026AI demand alongside completion of a large-scale projectAnnual report
「Revenue from this business segment was ¥1,780 million, down 29.1% year on year. At consolidated subsidiary KITAGAWA GRES TECH CO., LTD., sales of consumables and contract processing related to AI demand remained strong, but the impact of completing a large-scale hard disk drive manufacturing equipment project in the previous fiscal year was substantial.」
In the semiconductor market, sales of consumables and contract processing related to AI demand remained strong, but full-year revenue declined because of the impact of completing a large-scale HDD manufacturing equipment project in the previous fiscal year. - FY2026-H1AI-related investment driving the recoveryAnnual report
「The semiconductor industry is progressing steadily, supported by firm capital investment related to AI.」
Regarding the semiconductor industry, the company described a shift from its previous view that inventory adjustments had ended and the market was gradually recovering to a situation in which capital investment targeting AI-related applications was strong and progressing steadily. - FY2025First statedAnnual report
「The semiconductor industry has passed through the adjustment phase caused by inventory adjustments and is gradually recovering.」
The company first disclosed its view that the market environment for the semiconductor-related business had moved beyond the inventory adjustment phase and entered a gradual recovery phase.