Recognition that the Semiconductor Market Has Bottomed and Demand Remains Weak
First written in FY2024-Q2. 5 of 10 entries say "Restated". Latest entry: 2026-11-09.
The whole theme swung hardest in 2023: 46 of 72 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Meanwhile, the recovery in demand for consumer electronics such as smartphones and PCs, and for automobiles and industrial equipment, is gradual, showing a different demand trend from that related to AI.」
Continues to describe the difference by end market: investment in high-performance Logic and DRAM related to AI remains at a high level, while demand for consumer electronics, automobiles and industrial equipment is recovering slowly. - 2026-05-13RestatedRevisions to earnings forecasts
「当社グループを取り巻く事業環境は、前期に引き続きAI関連の需要が半導体デバイスメーカーの投資を牽引しており、特に生成AIの活用拡大に伴うデータセンター用サーバー向けの需要が拡大しております。」
AI・データセンター向けの高性能LogicおよびDRAMを中心とする高水準の投資と、用途別の需要回復差を前期に続き記載している。 - FY2026-H1AdvancedAnnual report
「As in the previous fiscal year, AI-related demand is driving investment by semiconductor device manufacturers, particularly demand for data center servers associated with the expanding use of generative AI.」
Capital investment in high-performance Logic and DRAM for AI and data centers remains at a high level, while investment in NAND for technology migration is progressing. Meanwhile, demand for consumer electronics, automobiles and industrial equipment is recovering slowly. - FY2025AdvancedAnnual report
「Demand for advanced DRAM in the semiconductor device market is increasing against the backdrop of the spread of generative AI. Although some device manufacturers are restraining investment, capital investment in advanced nodes by Logic/Foundry companies is accelerating overall. NAND is also showing signs of recovery toward the end of the fiscal year, and further recovery is expected.」
Describes rising demand for advanced DRAM, accelerating Logic/Foundry investment and signs of NAND recovery, providing a more specific view of the semiconductor market recovery. - FY2025-H1AdvancedAnnual report
「Amid signs of recovery in demand for electronic devices such as smartphones and PCs, demand for advanced-node DRAM in the semiconductor device market is increasing against the backdrop of the spread of generative AI.」
Describes progress in the recovery, moving from the previous view of weak demand and market conditions having bottomed to signs of recovery in electronic device demand, rising demand for advanced-node DRAM, and an overall recovery trend in Logic/Foundry. - FY2024RestatedAnnual report
「The global economy remains uncertain, with demand for electronic devices such as smartphones and PCs continuing to be weak and semiconductor device manufacturers, particularly NAND manufacturers, continuing to restrain investment. However, inventory adjustments are progressing in the semiconductor device market, and unit prices for memory devices have begun to rise, leading us to believe that market conditions have bottomed.」
Maintains the weak demand for electronic devices, investment restraint centered on NAND, and the view that market conditions have bottomed. - FY2024-Q3RestatedAnnual report
「Although demand for electronic devices such as smartphones and PCs continued to be weak amid an uncertain economic environment, inventory adjustments progressed in the semiconductor device market and signs emerged of higher unit prices for memory devices. Accordingly, we believe market conditions have bottomed.」
Maintains the view that demand for electronic devices remains weak and semiconductor market conditions have bottomed, while adding that unit prices for memory devices have begun to rise. - FY2024-Q2First statedAnnual report
「Inventory adjustments for semiconductor devices are progressing, and we believe market conditions have bottomed. However, demand for electronic devices such as smartphones and PCs remained weak amid an uncertain economic environment.」
Presents both the view that market conditions have bottomed and the continued weakness in demand for electronic devices.