Slowing Growth in the Smartphone and Tablet Market and Delayed Orders
First written in FY2016. 5 of 11 entries say "Restated". Latest entry: FY2026.
Kitagawa Seiki moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 10 of 16 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2026DroppedAnnual report
「The IT industry has historically experienced repeated booms and downturns with large swings, as product markets fluctuate significantly in cycles and the same conditions affect the world as a whole.」
For FY2026, the risks specific to slower growth in the smartphone and tablet markets and order postponements are not mentioned, and are instead addressed as broader risks associated with the capital investment cycle in the IT industry. - FY2022-Q3RestatedAnnual report
「Although the uncertainty that the prolonged impact of COVID-19 continues to bring to society, remote technologies are being adopted rapidly in labor, education, healthcare, and other fields. DX and the shift toward IoT, which would previously have taken many years, are advancing quickly, creating enduring growth opportunities for us as a manufacturer of printed circuit board-related equipment.」
While recognizing the uncertainty caused by COVID-19, the company reiterates advances in remote technologies, digital transformation (DX) and IoT adoption as long-term growth opportunities. - FY2022-Q2RestatedAnnual report
「Although the uncertainty that the prolonged impact of COVID-19 continues to bring to society, remote technologies are being adopted rapidly in labor, education, healthcare, and other fields. DX and the shift toward IoT, which would previously have taken many years, are advancing quickly, creating enduring growth opportunities for us as a manufacturer of printed circuit board-related equipment.」
While recognizing the uncertainty caused by COVID-19, the company reiterates advances in remote technologies, digital transformation (DX) and IoT adoption as growth opportunities for printed circuit board-related equipment. - FY2022-Q1ReframedAnnual report
「Although the uncertainty that the prolonged impact of COVID-19 continues to bring to society, remote technologies are being adopted rapidly in labor, education, healthcare, and other fields. DX and the shift toward IoT, which would previously have taken many years, are advancing quickly, creating enduring growth opportunities for us as a manufacturer of printed circuit board-related equipment.」
In addition to the previous view that room for growth in the smartphone market is limited, the company identifies advances in remote technologies, digital transformation (DX) and IoT adoption as long-term growth opportunities for printed circuit board-related equipment. - FY2021WorsenedAnnual report
「Over the next 3 years, smartphones are expected to remain the quantitative leader, but the trend toward limited growth potential is not expected to change, apart from temporary ups and downs.」
The company explicitly states its outlook that, while smartphones will remain a major market, their growth potential is limited. - FY2019RestatedAnnual report
「Although the smartphone sector is expected to remain a major market for the time being, new growth opportunities are expected to emerge from technological innovation in the automotive sector, including autonomous driving, the arrival of the AI and IoT era, and the full-scale rollout of next-generation 5G communications.」
The company emphasizes growth opportunities in automotive, AI and IoT, and 5G while retaining the smartphone sector as a major market. - FY2018SoftenedAnnual report
「Structural change in the printed circuit board industry is progressing further. Although the smartphone sector is expected to remain a major market for the time being, new growth opportunities are expected to emerge from technological innovation in the automotive sector, including autonomous driving, the arrival of the IoT era, and the full-scale rollout of next-generation 5G communications.」
There is no direct description of slowing growth or postponed orders in the smartphone sector. Instead, the disclosure emphasizes growth opportunities in automotive, IoT, and 5G while retaining smartphones as a major field. - FY2017SoftenedAnnual report
「In addition to the Company's main product, press equipment for forming printed circuit boards for tablet and smartphone device-related companies, the Company strengthened sales efforts for automotive parts manufacturing, resin-molding equipment and other products, enabling it to secure a diverse range of domestic and overseas orders.」
There is no direct description of slowing growth in the smartphone market or postponed orders; the disclosure focuses mainly on securing orders in other fields and diversifying the business. - FY2017-Q3RestatedAnnual report
「The Group’s core products are press equipment for forming printed circuit boards for companies related to tablet and smartphone devices. By also strengthening sales of equipment for manufacturing automotive parts and resin moulding equipment, the Group secured a diverse range of orders in Japan and overseas.」
The company reiterates that, while smartphone- and tablet-related products remain its principal products, it is diversifying orders by strengthening sales efforts in other fields. - FY2017-Q1RestatedAnnual report
「Although signs of slowing growth in some smartphone products have emerged in the market, the Group strengthened sales of press equipment for forming printed circuit boards for companies related to tablet and smartphone devices, as well as equipment for manufacturing automotive parts and resin moulding equipment. This led to the acquisition of a diverse range of orders, and orders remained solid.」
While some products in the smartphone market continue to be affected by slowing growth, orders remained firm as sales efforts in other fields were strengthened. - FY2016MaterialisedAnnual report
「In the smartphone and tablet markets, overall market growth has been slowing as the Chinese market, which had driven growth to date, has matured and the emerging-market, North American, and European markets have slowed. As a result, the operating environment surrounding our industrial machinery business has become challenging.」
The performance section states that production cuts for smartphones led to canceled and postponed orders, and that sales in the industrial machinery business declined 8.0% year on year.