Komori
Kokusai Electric (6525) · RiskMaterialisedLatest Financial results presentation (2026-08-06): "Mitigated"

Revenue and profit decline due to investment restraint by semiconductor device manufacturers

First written in FY2024-Q2. 4 of 9 entries say "Materialised", first in FY2024-Q3. Latest entry: 2026-08-06.

9entries
4years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2024-Q3 – FY2024MitigatedFY2025-H1 – FY2026-H12023: 120232024: 320242025: 220252026: 32026
Same theme, other companies
Dependence on capital investment trends in the electronics and biological sectorsA theme 27 companies write about · 25 as a headwind · 3 as a tailwind

The whole theme swung hardest in 2019: 16 of 25 companies on the "Worse" side.

4 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 27 companies compared. The sentences above are computed from all 27.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06MitigatedFinancial results presentation

    「半導体デバイスメーカーは高性能デバイス向けを中心に、世代交代や生産規模拡大に向けた設備投資への急加速が続く見通し。」

    設備投資抑制による減収減益リスクに対し、高性能デバイス向け投資の急加速が続く見通しを示している。
  2. FY2026MaterialisedAnnual report

    「As investment in DRAM equipment in China, which had been active in the previous fiscal year, settled down, total revenue amounted to ¥235.1 billion, down 1.6% from the previous consolidated fiscal year. Profit also declined from the previous consolidated fiscal year due to lower utilization at production plants, changes in product mix and upfront investment in research and development for the future, with operating profit falling 18.5% to ¥41.8 billion.」

    States that the slowdown in DRAM equipment investment in China, which had been active in the previous fiscal year, was reflected in actual full-year results as lower revenue and profit.
  3. 2026-05-13MaterialisedRevisions to earnings forecasts

    「一方で、前期に活発だった中国でのDRAM向け設備投資が落ちついた影響により、全体の売上収益は2,351億円(前連結会計年度比1.6%減)となりました。」

    中国DRAM向け設備投資の落ち着きが、通期の売上収益減少として実績に現れたことを記載している。
  4. FY2026-H1MitigatedAnnual report

    「Total revenue amounted to ¥117.2 billion, up 2.3% year on year, as equipment sales for NAND and Logic/Foundry to local Chinese manufacturers increased, while large-scale upgrade modifications to DRAM equipment sold to manufacturers headquartered around the world, excluding China, also increased.」

    The impact of lower revenue caused by investment restraint was reduced in total revenue for the current interim period by growth in sales related to AI investment, NAND, Logic/Foundry and DRAM. Meanwhile, profit declined due to changes in product mix and upfront investment.
  5. FY2025MitigatedAnnual report

    「Revenue for our Group in the consolidated fiscal year amounted to ¥238.9 billion, up 32.1% from the previous consolidated fiscal year, as equipment sales increased across all applications—DRAM, Logic/Foundry and NAND—raising revenue from the equipment business, while strong parts sales and legacy equipment sales also increased revenue from the service business.」

    From the previous fiscal year, when the effects of investment restraint became evident as lower revenue and profit, equipment sales and service sales increased across all applications, and both revenue and profit recovered.
  6. FY2025-H1MitigatedAnnual report

    「During the current interim consolidated accounting period, revenue amounted to ¥114.5 billion, up 47.4% year on year, as equipment sales increased across all applications—DRAM, Logic/Foundry and NAND—compared with the same period of the previous year, when performance was at its low point, and sales of legacy equipment and parts included in the service business also increased.」

    In contrast to the lower revenue and profit that became evident in the previous year due to investment restraint, the interim period saw higher revenue and profit as equipment sales increased across all applications and for other reasons, reducing the impact on results. Meanwhile, investment restraint continues in some areas.
  7. FY2024MaterialisedAnnual report

    「Revenue for our Group in the consolidated fiscal year amounted to ¥180.8 billion, down 26.4% from the previous fiscal year, reflecting investment restraint by semiconductor device manufacturers in NAND. Along with the decline in revenue, profit before tax fell 46.8% to ¥29.8 billion and profit for the year attributable to owners of the parent fell 44.5% to ¥22.4 billion, resulting in lower revenue and profit than in the previous fiscal year.」

    States that lower revenue and profit caused by restraint on NAND investment were reflected in full-year results.
  8. FY2024-Q3MaterialisedAnnual report

    「In these circumstances, revenue for our Group in the nine-month period ended 31 December amounted to ¥131.661 billion, down 29.1% year on year, reflecting investment restraint in NAND. Along with the decline in revenue, operating profit fell 46.4% year on year to ¥24.062 billion, profit before tax fell 47.5% to ¥23.614 billion, and profit for the quarter attributable to owners of the parent fell 47.7% to ¥16.727 billion, resulting in lower revenue and profit than in the same period of the previous year.」

    The impact of investment restraint by semiconductor device manufacturers was specifically identified this time as restraint on NAND investment and continued to appear in actual results as lower revenue, operating profit and profit.
  9. FY2024-Q2First statedAnnual report

    「In these circumstances, revenue for our Group in the six-month period ended 30 September amounted to ¥77.705 billion, down 35.5% year on year, reflecting recent investment restraint by semiconductor device manufacturers. Along with the decline in revenue, operating profit fell 54.5% year on year to ¥13.373 billion, profit before tax fell 56.1% to ¥12.872 billion, and profit for the quarter attributable to owners of the parent fell 57.8% to ¥8.813 billion, resulting in lower revenue and profit than in the same period of the previous year.」

    States that investment restraint by its semiconductor device manufacturing customers was reflected in actual results as lower revenue and profit.
Moved together

"Expansion of product lifecycle services" moved the same way as this thread, in the same document, in 4 of its 9 moves.

443333★123456
  1. ★This thread
  2. 1Expansion of product lifecycle services4×
  3. 2Shareholder return policy prioritizing R&D and capital investment4×
  4. 3Long-term and medium- to long-term growth outlook for the semiconductor-related market3×
  5. 4Active investment to meet medium- to long-term demand3×
  6. 5Recognition that the Semiconductor Market Has Bottomed and Demand Remains Weak3×
  7. 6Expanding Batch ALD Technology into Logic, Foundry, DRAM and Other Applications3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Kokusai Electric yet. It last moved in the Financial results presentation of 2026-08-06: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.