A plateau in the order environment and equipment demand following a low level of order backlog
First written in FY2017-Q1. 15 of 27 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 16 of 94 companies on the "Worse" side.
58 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As a result, domestic net sales were ¥4,346 million, down 24.5% year on year, while overseas net sales were ¥6,454 million, up 80.0%. Overseas sales accounted for 59.8%. Orders received during the fiscal year were ¥17,133 million, up 88.2% year on year, while the order backlog at the end of the fiscal year was ¥11,457 million, up 123.6%.」
Orders received were ¥17,133 million and the order backlog was ¥11,457 million, with both increasing substantially. Improvement and expansion in the order environment were confirmed in the full-year figures. - FY2026-H1AdvancedAnnual report
「Against a backdrop of strong demand, order intake increased sharply and net sales also grew.」
The company stated that orders expanded sharply against the backdrop of demand from AI and data centers, and that sales also increased. - FY2025Orders increasing while the order backlog declinesAnnual report
「In addition, orders for the fiscal year amounted to ¥9,104 million, up 11.8% year on year, while order backlog at the end of the fiscal year stood at ¥5,124 million, down 4.4% year on year.」
Although orders increased 11.8% from the previous fiscal year, order backlog declined 4.4%, showing divergent trends in order accumulation and backlog. - FY2024WorsenedAnnual report
「In addition, orders for the fiscal year amounted to ¥8,146 million, down 0.9% year on year, while order backlog at the end of the fiscal year stood at ¥5,361 million, down 1.0% year on year.」
Order backlog, which had increased in the previous fiscal year, fell 1.0%, while orders also declined 0.9%. - FY2023Order backlog increased, while orders edged downAnnual report
「In addition, orders for the fiscal year amounted to ¥8,221 million, down 2.1% year on year, while order backlog at the end of the fiscal year stood at ¥5,418 million, up 7.8% year on year.」
Although orders declined 2.1% from the previous fiscal year, order backlog stood at ¥5,418 million, up 7.8%, indicating an order environment characterized by a time lag between orders and shipments. - FY2022-Q3AdvancedAnnual report
「Sales of defect-analysis equipment for the silicon market increased, but sales amounted to ¥1,752 million, down 4.2% year on year, ahead of shipments in the fourth quarter of large production equipment for the electronic components and optoelectronics fields.」
The company explicitly stated that shipments of large production equipment were scheduled for the fourth quarter, illustrating the time lag between equipment orders and shipments. - FY2022-Q1AdvancedAnnual report
「(Etching equipment) Sales were made across a broad range of applications, including high-frequency devices and sensors in the electronic components sector, communications lasers in the optoelectronics sector, and defect analysis in the silicon sector. Beginning-period orders outstanding were ¥1,649 million and first-quarter orders received were ¥985 million, but as most shipments were scheduled for the second quarter onward, revenue was ¥636 million, up 137.4% year on year.」
Initial order backlog and orders during the quarter accumulated, mainly for etching equipment. Although most shipments were scheduled for the second quarter onward, sales increased 137.4% year on year. - FY2021-Q3AdvancedAnnual report
「Order intake, which had temporarily been sluggish in the latter half of the previous fiscal year due to the impact of the infectious disease, recovered substantially to ¥4,876 million in the nine months ended the third quarter, up 26.2% year on year. Order backlog at the end of the third-quarter accounting period was ¥2,894 million, up 69.4% year on year.」
The order environment, which had been weak in the second half of the previous fiscal year, recovered, with orders of ¥4,876 million and order backlog of ¥2,894 million, both representing substantial year-on-year increases. - FY2021-Q2WorsenedAnnual report
「Order intake, which had temporarily been sluggish in the latter half of the previous fiscal year due to the impact of the novel coronavirus disease, recovered to approximately the previous year's level at ¥3,058 million in the six months ended the second quarter, down 3.9% year on year. Order backlog at the end of the second-quarter accounting period was ¥2,316 million, down 1.0% year on year.」
Although orders and order backlog were said to have recovered to levels comparable to the previous year, they were down 3.9% and 1.0%, respectively, year on year, weakening from the year-on-year increases recorded in FY2021-Q1. - FY2021-Q1AdvancedAnnual report
「Orders in the first quarter amounted to ¥1,646 million, up 9.5% year on year, while order backlog at the end of the first quarter stood at ¥2,460 million, up 0.8% year on year.」
Against the weak order environment caused by the postponement of new orders in the second half of the previous fiscal year, both orders and order backlog exceeded the year-earlier levels. - FY2020WorsenedAnnual report
「In addition, orders for the fiscal year amounted to ¥5,327 million, up 6.7% year on year, while order backlog at the end of the fiscal year stood at ¥1,534 million, down 26.1% year on year.」
Although orders increased 6.7% from the previous fiscal year, order backlog fell 26.1%, indicating continued weakness in the order environment, including the halt in the progress of new projects in the second half of the fiscal year. - FY2020-Q3WorsenedAnnual report
「From February, when the novel coronavirus disease began to spread, the tendency to postpone new orders intensified. In addition, restrictions on working at the office, business travel and overseas travel following the declaration of a state of emergency caused third-quarter order results to fall below the assumptions made at the start of the period.」
Although improvements in orders and order backlog had been reported through the previous fiscal year, postponement of new projects intensified following the spread of COVID-19, and orders in the third quarter fell below the assumptions made at the beginning of the period. Orders amounted to ¥3,864 million, up 0.5% year on year. - FY2020-Q2AdvancedAnnual report
「As a result, order intake for the six months ended the second quarter was ¥3,183 million, up 22.1% year on year, and order backlog at the end of the second quarter was ¥2,339 million, up 25.9% year on year, both showing solid trends.」
Orders rose 22.1% year on year and order backlog rose 25.9%, indicating that the solid order environment has continued. - FY2020-Q1AdvancedAnnual report
「As a result, equipment orders increased alongside higher production by electronic component manufacturers, and orders in the first quarter remained solid at ¥1,503 million, up 7.0% year on year. Order backlog at the end of the first quarter stood at ¥2,439 million, up 4.9% year on year, and is expected to contribute to sales from the second quarter onward.」
Orders rose 7.0% year on year and order backlog rose 4.9%, indicating an improvement in the order environment from the situation in which sluggish orders had been reported in the previous fiscal year. - FY2019WorsenedAnnual report
「Orders for the fiscal year amounted to ¥4,991 million, down 22.7% year on year, while order backlog at the end of the fiscal year stood at ¥2,077 million, up 2.8% year on year.」
Although order backlog increased year on year, orders fell 22.7% from the previous fiscal year, indicating that the order environment had weakened after improving through Q3. - FY2019-Q3RestatedAnnual report
「However, the impact of weak demand in the smartphone market and a slowdown in the Chinese economy due to US-China trade friction on the capital investment decisions of electronic component manufacturers, our major customers, caused orders to remain sluggish even after the start of the third quarter.」
Orders have remained sluggish since the previous quarter, reflecting the impact on major customers' capital expenditure decisions. - FY2019-Q2WorsenedAnnual report
「However, orders remained sluggish because demand in the smartphone market was weak and the Chinese economy slowed due to the impact of US-China trade friction, temporarily reducing the capital investment appetite of electronic component manufacturers, our major customers.」
Although the order environment had improved from the previous fiscal year, orders remained sluggish during the cumulative second quarter amid weak smartphone demand and a slowdown in the Chinese economy. - FY2019-Q1AdvancedAnnual report
「Orders and production remained solid in the first quarter. As a result, order backlog at the end of the first quarter stood at ¥2,325 million, up 2.8% year on year, and is expected to contribute to sales from the second quarter onward.」
Orders and production remained solid, with order backlog at ¥2,325 million, up 2.8% year on year. It is also expected to contribute to sales from the second quarter onward. - FY2018AdvancedAnnual report
「Against this backdrop, discussions progressed on production equipment projects involving communications lasers and vertical-cavity surface-emitting lasers (VCSELs) in the optoelectronics field, as well as high-frequency devices, power devices, MEMS and various sensors in the electronic components field, and orders from multiple domestic and overseas customers increased.」
Orders amounted to ¥6,454 million, up 187.6% year on year, and order backlog stood at ¥2,021 million, up 195.5%, confirming an improvement in the order environment on a full-year basis. - FY2018-Q3AdvancedAnnual report
「Business negotiations have taken concrete shape for production equipment projects involving communications lasers and vertical-cavity surface-emitting lasers (VCSELs) in the optoelectronics field, as well as high-frequency devices, power devices, MEMS and various sensors in the electronic components field. Orders from multiple customers in Japan and overseas have increased significantly, resulting in an order backlog of ¥2,747 million at the end of the cumulative third quarter, up 197.5% year on year.」
Order backlog stood at ¥2,747 million, up 197.5% year on year, indicating that the strong order environment seen in the cumulative first and second quarters continued. - FY2018-Q2AdvancedAnnual report
「As a result, orders for the cumulative second quarter amounted to ¥3,863 million, up 88.8% year on year, while order backlog at the end of the second quarter stood at ¥2,844 million, up 172.3% year on year.」
Orders rose 88.8% year on year and order backlog rose 172.3%, confirming in the figures the strong order environment that had continued from the first quarter. - FY2018-Q1AdvancedAnnual report
「Against this backdrop, discussions progressed on production equipment projects involving communications lasers and vertical-cavity surface-emitting lasers (VCSELs) in the optoelectronics field, as well as high-frequency devices, MEMS and various sensors in the electronic components field, and orders were received from multiple customers. As a result, orders for the cumulative first quarter amounted to ¥1,876 million, up 91.9% year on year, while order backlog at the end of the first quarter stood at ¥2,261 million, up 84.5% year on year. Meanwhile, sales for the cumulative first quarter remained low at this stage, as the period began with an order backlog of ¥1,034 million at the end of the previous fiscal year.」
Orders and order backlog were well above the year-earlier levels and recovered from the ¥717 million order backlog at the end of the previous fiscal year. However, the company explained that sales remained low in the quarter because of the time lag inherent in build-to-order production. - FY2017Order backlog recovering, but sales remain sluggishAnnual report
「In the domestic market, the tendency for new production equipment investment projects to be postponed continued. As a result, discussions with multiple customers regarding the production equipment projects anticipated at the beginning of the period took longer than expected, and orders remained sluggish. Consequently, domestic sales fell sharply year on year to ¥2,091 million, down 50.9%.」
Order backlog increased from ¥717 million at the end of the previous fiscal year to ¥1,034 million, but sales remained low as prolonged negotiations, project postponements and sluggish orders continued. - FY2017-Q3WorsenedAnnual report
「Our customers, including electronic component and device manufacturers, continue to experience prolonged business negotiations, partly because they are taking time to assess orders from end users for multiple production equipment projects. Under these conditions, during the nine months ended [the third quarter], the slowdown in capital investment demand for various electronic components, including radio-frequency devices, and the continued tendency for new production equipment projects to be postponed resulted in continued sluggish order growth, and revenue for the nine-month period was low.」
The order environment remains weak, with continued prolongation of business negotiations as customers assess orders, postponement of new equipment projects, and sluggish order growth, following the previously reported plateau in capital equipment demand. - FY2017-Q1First statedAnnual report
「Revenue for the period was low because we started the period under difficult conditions, with an order backlog of ¥717 million at the end of the previous fiscal year. Although the order environment is gradually improving, capital equipment demand remains at a plateau due to a slowdown in capital investment demand for radio-frequency devices, which had driven the market through the previous fiscal year, and delays in new capital investment.」
For the first time, separately identifies as a theme the current order and demand environment, in which the order environment is gradually improving from an order backlog of ¥717 million at the end of the previous fiscal year, while capital equipment demand remains at a plateau.