Earnings decline due to sluggish demand in the capital equipment industry
First written in FY2016. 13 of 36 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-07-30.
Sanyo Denki 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 2020: 62 of 77 companies on the "Worse" side.
22 other companies' latest entry also says "Mitigated".
- 2026-07-30MitigatedEarnings
「Demand remained firm in the Group's major sales markets, including factory automation for communications equipment, robots and semiconductor manufacturing equipment, as well as markets related to generative AI.」
In contrast to the previous weakness in demand from capital-goods industries, the disclosure stated that demand in the major sales markets remained firm. - FY2026AdvancedAnnual report
「Demand in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the major sales markets, began to recover, while AI-related markets remained firm. As a result, order intake increased overall.」
The major factory automation markets began to recover and AI-related markets also remained firm, resulting in increases in both revenue and operating profit. - 2026-04-27MitigatedRevision of earnings forecasts
「Overall orders received increased because demand began to recover in the factory-automation markets for communications equipment, robots and semiconductor manufacturing equipment, which are major sales markets for the Group, while the market related to AI remained firm.」
Against the previous weakness in demand and decline in performance in major factory-automation markets, the disclosure indicated a recovery in demand and firm conditions in AI-related markets. - FY2026-H1Demand on the road to recovery; AI-related markets remain firmAnnual report
「Although demand in the factory automation markets was still recovering, AI-related markets remained firm, and the order backlog increased overall.」
While the major factory automation markets remained on the road to recovery, AI-related markets remained firm and the overall order backlog increased. - FY2025WorsenedAnnual report
「Demand was generally sluggish in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets, although signs of recovery emerged in markets related to AI.」
Weak demand in the major factory automation markets continued throughout the year, resulting in a 13.3% decline in consolidated revenue and a 32.8% decline in operating profit. Meanwhile, signs of recovery were reported in AI-related markets. - FY2025-H1WorsenedAnnual report
「Demand was sluggish in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets, although signs of recovery emerged in some areas. Consolidated revenue was ¥46,526 million, down 23.3% year on year, while consolidated operating profit was ¥3,046 million, down 56.0%.」
Demand in the major markets was sluggish, and although signs of recovery were seen in some areas, revenue and profit declined during the interim period. - FY2024WorsenedAnnual report
「Although demand declined in the factory automation markets for communications equipment, robots, machine tools, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets, the order backlog was steadily worked down.」
The decline in demand in the major communications and factory automation markets continued throughout the year, resulting in revenue of ¥112,904 million and operating profit of ¥11,811 million. - FY2024-Q3WorsenedAnnual report
「Demand declined in the factory automation markets for communications equipment, robots, machine tools, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets. Consolidated revenue was ¥86,556 million, down 3.1% year on year, while consolidated operating profit was ¥9,674 million, down 0.4%.」
Continued weakness in demand in the major communications and factory automation markets resulted in lower revenue and operating profit. - FY2024-Q2Declining market demand and order backlog reductionAnnual report
「Although demand declined in the factory automation markets for communications equipment, robots, machine tools, semiconductor manufacturing equipment and other products, the order backlog was steadily worked down. As a result, consolidated revenue for the six months ended the second quarter was ¥60,654 million, up 3.1% year on year, while consolidated operating profit was ¥6,923 million, up 4.1%.」
Although demand in the major sales markets declined, revenue and operating profit exceeded the same period of the previous year as the order backlog was worked down. - FY2024-Q1WorsenedAnnual report
「Demand declined in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets, and the order backlog decreased.」
It was stated that demand in the major factory automation markets had declined and that the order backlog had also decreased. - FY2023AdvancedAnnual report
「Against this backdrop, demand remained firm in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets. Consolidated revenue was ¥120,803 million, up 19.5% year on year, while consolidated operating profit was ¥13,421 million, up 22.3%.」
Firm demand in the major factory automation markets resulted in higher full-year revenue and profit, with revenue of ¥120,803 million and operating profit of ¥13,421 million. - FY2023-Q3AdvancedAnnual report
「Against this backdrop, demand progressed steadily in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets. Consolidated revenue was ¥89,303 million, up 19.8% year on year, while consolidated operating profit was ¥9,716 million, up 27.3%.」
Steady demand in the major factory automation markets resulted in higher cumulative revenue and operating profit. - FY2023-Q2AdvancedAnnual report
「Demand continued to remain firm in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets. As a result, consolidated revenue for the six months ended the second quarter was ¥58,836 million, up 18.1% year on year, while consolidated operating profit was ¥6,648 million, up 24.8%.」
Continued firm demand in the major factory automation markets resulted in higher revenue and profit. - FY2023-Q1AdvancedAnnual report
「Against this backdrop, demand increased significantly in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets. Consolidated revenue was ¥27,714 million, up 12.3% year on year, while consolidated operating profit was ¥2,895 million, up 17.0%.」
Demand in the major sales markets, including communications equipment, robots and semiconductor manufacturing equipment, increased significantly, resulting in higher revenue and profit. - FY2022-Q3AdvancedAnnual report
「Demand remained firm in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets. As a result, consolidated revenue for the nine months ended the third quarter was ¥74,544 million, up 37.0% year on year, while consolidated operating profit was ¥7,635 million, up 249.3%.」
Demand in the major markets, including communications equipment, robots and semiconductor manufacturing equipment, remained firm, leading to substantial progress in revenue and profit growth for the nine months ended the third quarter. - FY2022-Q2AdvancedAnnual report
「Demand remained firm in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets. As a result, consolidated revenue for the six months ended the second quarter was ¥49,799 million, up 47.3% year on year, while consolidated operating profit was ¥5,325 million, up 658.8%.」
Demand in the major sales markets, including communications equipment, robots and semiconductor manufacturing equipment, remained firm, resulting in a 47.3% year-on-year increase in revenue and a 658.8% increase in operating profit. - FY2022-Q1AdvancedAnnual report
「Against this backdrop, demand increased significantly in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment and other products, which are the Group’s major sales markets.」
Demand in the major sales markets, including communications equipment, robots and semiconductor manufacturing equipment, increased significantly, driving a recovery from the sluggish demand seen in the same period of the previous year. - FY2021AdvancedAnnual report
「Demand increased in the factory automation markets for communications equipment, robots, semiconductor manufacturing equipment, and other products, which are the group's main sales markets.” “Consolidated revenue was ¥77,506 million, up 9.6% year on year, and consolidated operating profit was ¥4,830 million, up 362.7%.」
Increased demand for communications equipment, robots, semiconductor manufacturing equipment, and other products made the recovery concrete through full-year increases in revenue and profit. - FY2021-Q3AdvancedAnnual report
「Demand from the factory automation markets for robots, semiconductor manufacturing equipment, electronic component mounters, injection molding machines, and other products, which are the group's main sales markets, is beginning to recover.」
Demand in the main factory automation markets was described as beginning to recover, and consolidated revenue increased 4.2% year on year. - FY2021-Q2Recovery in Communications and Medical; Weakness in FA and OAAnnual report
「Demand for communications equipment and medical equipment in the main markets showed signs of recovery. However, due to the global recession caused by the novel coronavirus, the decline in demand from the factory automation and office automation markets, in which the Company specializes, lasted longer than expected, leaving both orders and revenue sluggish.」
Demand for communications and medical equipment showed signs of recovery, while weakness in the FA and OA markets persisted, resulting in divergent conditions across fields. - FY2021-Q1WorsenedAnnual report
「Demand for communications equipment and medical equipment was strong in the capital goods industries, including robots and semiconductor manufacturing equipment, the group's main sales markets, but overall demand was sluggish.」
Demand for communications and medical equipment was strong, while overall demand in the main capital goods industries was described as sluggish. - FY2020WorsenedAnnual report
「Demand declined substantially in the industries including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets, as capital investment continued to decrease.」
Restrictions on capital investment and the substantial decline in demand in the main sales markets continued for the full year, with consolidated revenue down 16.5% and operating profit down 84.2%. - FY2020-Q3WorsenedAnnual report
「Demand remained sluggish in the industries including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets.” “Consolidated revenue was ¥52,222 million, down 19.8% year on year, and consolidated operating profit was ¥379 million, down 93.8%.」
Demand in the main sales markets remained sluggish, with cumulative revenue down 19.8% and operating profit down 93.8%. - FY2020-Q2WorsenedAnnual report
「Demand declined substantially in the industries including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets.” “As a result, consolidated revenue for the second quarter cumulative period was ¥34,338 million, down 22.7% year on year, and consolidated operating loss was ¥139 million, compared with consolidated operating profit of ¥4,706 million in the same period of the previous year.」
Demand in the main sales markets declined substantially, with first-half revenue down 22.7% and operating profit turning into a loss. - FY2020-Q1WorsenedAnnual report
「Demand declined substantially in the industries including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets.” “Consolidated revenue was ¥17,052 million, down 23.8% year on year, and consolidated operating profit was ¥40 million, down 98.4%.」
Demand in the main sales markets declined substantially, with revenue falling and operating profit declining to nearly zero. - FY2019-Q3Declining Demand; Higher ProfitAnnual report
「The Japanese economy continued its gradual recovery, supported by capacity expansion and labor-saving investment in the manufacturing sector, but exports related to capital investment slowed due to US-China trade friction.” “Against this backdrop, demand also declined in the capital goods industries, including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets.” “Consolidated revenue was ¥65,147 million, down 0.1% year on year, while consolidated operating profit was ¥6,110 million, up 2.5%.」
Demand in the main capital goods industries declined, while consolidated revenue edged down and operating profit increased, indicating divergent trends in the demand environment and profit. - FY2019-Q2Firm Overall Conditions; Stagnation in Some MarketsAnnual report
「Overall demand remained firm in the capital goods industries, including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets, although some markets showed signs of stagnation.」
Demand across the capital goods industries was described as firm, while the description added that some markets showed signs of stagnation. - FY2019-Q1Strong Overall Conditions; Stagnation in Parts of the Chinese MarketAnnual report
「Demand remained strong overall in the capital goods industries, including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets, although parts of the Chinese market showed signs of stagnation.」
Demand across the capital goods industries was described as strong, while parts of the Chinese market showed signs of stagnation, adding regional variation to the demand environment. - FY2018-Q3AdvancedAnnual report
「Against this backdrop, demand remained active in the capital goods industries, including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets.” “Consolidated revenue was ¥65,202 million, up 20.5% year on year, and consolidated operating profit was ¥5,959 million, up 81.3%.」
Active demand in the main capital goods markets continued, leading to further growth in revenue and profit for the cumulative third quarter. - FY2018-Q2AdvancedAnnual report
「Demand remained active in the capital goods industries, including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets.” “Consolidated revenue was ¥42,241 million, up 17.9% year on year, and consolidated operating profit was ¥3,873 million, up 61.1%.」
Active demand in the main capital goods markets made the recovery from the previous period concrete through higher first-half revenue and profit. - FY2018-Q1AdvancedAnnual report
「Against this backdrop, demand remained active in the capital goods industries, including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets.」
Compared with the descriptions of stagnant or firm demand through the previous period, the first quarter described demand in the main capital goods industries as active, contributing to increases in revenue and profit. - FY2017RestatedAnnual report
「Demand remained firm in the capital goods industries, including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets, but demand for power conditioners for solar power generation declined.」
The annual report reconfirmed the pattern of firm demand in the capital goods industries alongside declining demand for power conditioners for solar power generation. - FY2017-Q3ReframedAnnual report
「Against this backdrop, demand remained firm in the capital goods industries, including machine tools, robots, and semiconductor manufacturing equipment, the group's main sales markets, but demand for power conditioners for solar power generation declined.」
The focus of the description shifted from weak demand across the capital goods industries to firm demand in the capital goods industries alongside declining demand for power conditioners for solar power generation. - FY2017-Q2WorsenedAnnual report
「Against this backdrop, demand for machine tools in the capital goods industries, the group's main sales market, stagnated, while demand for power conditioners for solar power generation declined. As a result, consolidated revenue for the second quarter cumulative period was ¥35,818 million, down 11.4% year on year, consolidated operating profit was ¥2,329 million, down 23.4%, consolidated ordinary profit was ¥1,960 million, down 37.6%, and quarterly net income attributable to owners of the parent was ¥1,395 million, down 28.8%.」
Stagnant demand for machine tools in the capital goods industries and declining demand for power conditioners for solar power generation continued, resulting in lower first-half revenue and profit. - FY2017-Q1WorsenedAnnual report
「As a result, consolidated revenue for the first quarter cumulative period was ¥17,895 million, down 13.1% year on year, consolidated operating profit was ¥1,043 million, down 32.3%, consolidated ordinary profit was ¥774 million, down 53.9%, and quarterly net income attributable to owners of the parent was ¥556 million, down 52.5%.」
Declining demand in the capital goods industries continued, with the declines in revenue and operating profit shown numerically. - FY2016First statedAnnual report
「Demand declined substantially in the capital goods industries, including machine tools and robots. As a result, consolidated revenue for the fiscal year was ¥80,282 million, down 12.5% year on year, and consolidated operating profit was ¥5,342 million, down 28.6%.」
Weak demand in the main customer markets was described as a decline in revenue and operating profit for the period.