Risk from volatility in semiconductor capital investment
First written in FY2016. 12 of 36 entries say "Restated". Latest entry: 2026-10-07.
Ckd moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 13 of 26 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The company expects demand in the semiconductor-related market to continue expanding, supported by ongoing investment in large-scale data centers and the growing adoption of devices equipped with AI capabilities.」
Regarding the risk of fluctuations in semiconductor capital investment, demand for generative AI and data centers drove capital investment, resulting in a 6.3% year-on-year increase in Equipment segment revenue and an 8.8% increase in segment profit. - 2026-05-15MitigatedEarnings
「In Japan, expanding demand related to generative AI drove capital investment in the semiconductor-related market from the second half of the fiscal year.」
The expansion of demand related to generative AI drove capital investment, demonstrating a recovery in demand in the semiconductor-related market. - FY2026-H1RestatedAnnual report
「In the semiconductor market, investment related to generative AI, including data centers, remained solid, but a full-scale recovery is expected from the next fiscal year onward.」
While generative AI-related investment remains solid, the company indicates that a full-scale recovery in the semiconductor market as a whole is expected from the next fiscal year onward, reaffirming that the market remains on the path to recovery. - FY2025MitigatedAnnual report
「In the semiconductor market, new demand is being created by the increasing complexity of production processes resulting from miniaturisation and 3D integration.」
The company states that new demand is emerging, against a backdrop of miniaturisation, 3D integration and generative AI-related investment, following the restraint on semiconductor capital investment in the previous fiscal year. It also notes uncertainty surrounding capital investment demand in the next fiscal year. - FY2025-H1MitigatedAnnual report
「Investment in the semiconductor market is increasing, particularly in generative AI-related areas, but a full-scale recovery is expected from the latter half of the second half onward and into the next fiscal year and beyond.」
Investment related to generative AI is increasing in the semiconductor market, indicating a partial recovery in demand for capital investment. At the same time, the company also states that a full-scale recovery is expected from the latter half of the second half onward and into the next fiscal year and beyond. - FY2024WorsenedAnnual report
「Amid an uncertain environment marked by prolonged inventory adjustments by semiconductor manufacturers, US-led export controls on advanced semiconductors and related manufacturing equipment destined for China, and heightened geopolitical risks,」
The company explicitly identifies prolonged inventory adjustments, export controls on advanced semiconductors and manufacturing equipment destined for China, and geopolitical risks as estimation uncertainties related to the risk of fluctuations in semiconductor capital investment. - FY2024-Q3RestatedAnnual report
「In addition, semiconductor capital investment remained restrained, as inventory adjustments were prolonged against a backdrop of a cyclical downturn in semiconductor memory.」
The company is reaffirming that semiconductor capital investment remained restrained against a backdrop of a cyclical downturn in semiconductor memory and prolonged inventory adjustments. - FY2024-Q2WorsenedAnnual report
「In addition, semiconductor capital investment remained restrained, as inventory adjustments were prolonged against a backdrop of a cyclical downturn in semiconductor memory.」
Restraints on semiconductor capital investment continue against a backdrop of a cyclical downturn in semiconductor memory and prolonged inventory adjustments. - FY2024-Q1WorsenedAnnual report
「Semiconductor capital investment remained restrained, as inventory adjustments were prolonged against a backdrop of a cyclical downturn in semiconductor memory.」
Restraints on semiconductor capital investment continue against a backdrop of a cyclical downturn in semiconductor memory and prolonged inventory adjustments. - FY2023WorsenedAnnual report
「The company expects to be affected by restraints on semiconductor capital investment, including weaker demand for personal computers and smartphones following the reversal of the COVID-19-driven surge and prolonged inventory adjustments.」
The company indicates that semiconductor capital investment increased during the current fiscal year, driven by demand for data centers and automotive applications, while expecting investment to be restrained in the next fiscal year following the reversal of the COVID-19-driven surge and due to prolonged inventory adjustments. - FY2023-Q2RestatedAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment increased against a backdrop of solid semiconductor demand for data centers and automotive applications.」
While stating that there have been no significant changes in business and other risks, the company is reaffirming solid semiconductor demand for data centers and automotive applications and the resulting increase in revenue from semiconductor manufacturing equipment. - FY2023-Q1RestatedAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment increased against a backdrop of solid semiconductor demand for data centers and automotive applications.」
The company is reaffirming the situation in which solid semiconductor demand led to higher revenue from semiconductor manufacturing equipment. - FY2022Semiconductor demand remained solidAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment increased on solid semiconductor demand driven by the spread of 5G and other factors.」
The company states that conditions shifted from delayed and reduced capital investment through the previous fiscal year to solid semiconductor demand and higher revenue against a backdrop of 5G and other factors. - FY2022-Q2RestatedAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment increased amid continued solid semiconductor demand associated with the spread of 5G and teleworking-related demand.」
For semiconductor capital investment, solid demand supported by 5G and teleworking-related factors and an increase in revenue from semiconductor manufacturing equipment continued. - FY2022-Q1Recovery in semiconductor capital investmentAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment increased amid continued solid semiconductor demand associated with the spread of 5G and teleworking-related demand.」
For the semiconductor-related business, where delays and reductions in capital investment had been reflected in results through the previous fiscal year, the company states that semiconductor demand remained solid against a backdrop of 5G and teleworking demand, resulting in higher revenue from semiconductor manufacturing equipment. - FY2021-Q3RestatedAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment increased as capital investment expanded, driven by the spread of 5G and additional demand related to teleworking.」
Semiconductor capital investment continued to expand, supported by demand related to 5G and teleworking, along with an increase in revenue from semiconductor manufacturing equipment. - FY2021-Q2Recovery and increase in semiconductor capital investmentAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment increased as capital investment expanded, driven by the spread of 5G and additional demand related to teleworking.」
The company states that semiconductor capital investment, which had been affected by delays and reductions through the previous fiscal year, expanded against a backdrop of 5G and teleworking demand, resulting in higher revenue from semiconductor manufacturing equipment. - FY2021-Q1Semiconductor memory investment turned to an increaseAnnual report
「In the domestic market, demand related to 5G and teleworking expanded, and revenue from semiconductor manufacturing equipment increased due to higher investment in memory semiconductors.」
For the semiconductor-related business, where delays and reductions in capital investment had been reflected in results through the previous fiscal year, the company reported increases in memory semiconductor investment and revenue from semiconductor manufacturing equipment during the quarter. - FY2020MaterialisedAnnual report
「Revenue declined due to delays in semiconductor capital investment and the impact of slowing investment in automation in China.」
Delays in semiconductor capital investment also occurred throughout the fiscal year, resulting in a 14.8% year-on-year decline in revenue in the Equipment segment and a 26.5% decline in segment profit. - FY2020-Q3MaterialisedAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment, affected by delays in memory-related capital investment,」
Delays in semiconductor capital investment have resulted in a substantial decline in revenue from semiconductor manufacturing equipment. - FY2020-Q2MaterialisedAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment, affected by delays in capital investment, and revenue from machine tools, affected by the slowdown in the Chinese economy, both declined significantly.」
Delays in semiconductor capital investment and the slowdown in the Chinese economy have resulted in substantial declines in revenue from semiconductor manufacturing equipment and machine tools. - FY2020-Q1MaterialisedAnnual report
「In the domestic market, revenue from semiconductor manufacturing equipment, affected by the contraction in capital investment, and revenue from machine tools, affected by the slowdown in the Chinese economy, both declined significantly.」
The contraction in semiconductor capital investment has resulted in a substantial decline in revenue from semiconductor manufacturing equipment. - FY2019MaterialisedAnnual report
「In the domestic market, semiconductor capital investment, which had continued to expand since the previous consolidated fiscal year, was subject to a succession of cancellations and delays, mainly in memory, and revenue fell sharply from the third quarter onward.」
Cancellations and delays in capital investment by semiconductor manufacturers led to a sharp decline in revenue, with the risk of fluctuations in capital investment reflected in full-year results. - FY2019-Q3WorsenedAnnual report
「Revenue from semiconductor capital investment, which had continued to expand since the previous consolidated fiscal year, began to decline during the second quarter as orders were reviewed due to delays and other factors.」
The company states that the slowdown in semiconductor capital investment continued and that revenue related to capital investment began to decline. - FY2019-Q2MaterialisedAnnual report
「As a result, revenue was ¥53,348 million, up 13.9% year on year, while segment profit was ¥5,473 million, down 28.7% year on year, due to higher costs from capital investment and increased production staffing to accommodate higher revenue, as well as the impact of the slowdown in semiconductor memory capital investment from the second quarter.」
The company states that the slowdown in semiconductor memory capital investment affected profit in the Equipment segment from the second quarter, indicating that the previously identified volatility risk has materialised in its results. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of fluctuations in semiconductor capital investment. - FY2018RestatedAnnual report
「The Group is working to build a business structure capable of generating profits even when capital investment declines.」
The Group is reaffirming its response to the risk of fluctuations in semiconductor manufacturers’ capital investment and its aim of building a business structure capable of generating profits even during periods of declining investment. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of fluctuations in semiconductor capital investment. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of fluctuations in semiconductor capital investment. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of fluctuations in semiconductor capital investment. - FY2017MitigatedAnnual report
「The Group is working to establish a business structure capable of generating profits even when capital investment declines. However, if capital investment contracts beyond expectations, resulting in lower customer utilization rates, higher inventories or other factors, the Group's business results and financial position could be affected.」
The company continues to recognize the risk of fluctuations in semiconductor capital investment and explicitly describes its efforts to establish a business structure capable of generating profits even during periods of declining capital investment. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes to the risk of fluctuations in semiconductor capital investment. - FY2016First statedAnnual report
「Capital investment by semiconductor manufacturers can fluctuate significantly depending on technological innovation and the balance between supply and demand in the semiconductor market.」
This indicates that a reduction in capital investment by semiconductor customers could affect business results and financial position through lower capacity utilization and increased inventories.