Business Environment Uncertainty Driven by an Economic Slowdown, Geopolitical Risks, a Stronger Yen and Falling Stock Prices
First written in FY2016. 16 of 28 entries say "Restated". Latest entry: 2026-08-06.
Shibaura Mechatronics moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, demand for smartphones and personal computers remained sluggish. In the semiconductor industry, demand related to IoT, 5G and AI remained firm, and capital investment for logic/foundry and memory products continued to be solid. In the FPD (Flat Panel Display) industry, capital investment remained generally sluggish.」
Sluggish demand for smartphones and personal computers and sluggish FPD capital investment continued. Meanwhile, capital investment for logic/foundry and memory products is described as solid against a backdrop of demand related to IoT, 5G and AI. - FY2024-Q3WorsenedAnnual report
「During the first 9 months of the current fiscal year, the Group's business environment reflected declining demand for smartphones and personal computers. In the semiconductor industry, capital investment, mainly for memory and wafer products, slowed, while in the FPD (Flat Panel Display) industry, capital investment remained generally sluggish.」
The disclosure describes declining demand for smartphones and personal computers, slower capital investment for wafer products in addition to memory products, and sluggish FPD capital investment, with factors contributing to the deterioration of the business environment continuing. - FY2024-Q2RestatedAnnual report
「During the first 6 months of the current fiscal year, the Group's business environment reflected declining demand for smartphones and personal computers. In the semiconductor industry, capital investment, mainly for memory products, slowed, while in the FPD (Flat Panel Display) industry, capital investment remained generally sluggish.」
Declining demand for smartphones and personal computers, slower capital investment for memory products and sluggish FPD capital investment continued from the previous quarter. Meanwhile, investment for logic/foundry, power devices and wafers is described as solid. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the Group's business environment reflected declining demand for smartphones and personal computers. In the semiconductor industry, capital investment, mainly for memory products, slowed, while in the FPD (Flat Panel Display) industry, capital investment remained generally sluggish.」
The disclosure describes declining demand for smartphones and personal computers, slower capital investment for memory products and sluggish FPD capital investment, with deterioration and uncertainty in the business environment continuing. Meanwhile, investment for logic/foundry, power devices and wafers is described as solid. - FY2023-Q3WorsenedAnnual report
「During the first 9 months of the current fiscal year, the Group's business environment reflected slower demand for smartphones, personal computers and televisions. In the semiconductor industry, some capital investment, mainly for memory products, was being reviewed, but capital investment for logic/foundry, power devices and wafers continued to be solid. In the FPD (Flat Panel Display) industry, capital investment was generally trending toward adjustment.」
Against a backdrop of slower demand for smartphones, personal computers and televisions, the disclosure describes reviews of capital investment for memory products and, in addition, an overall adjustment trend in FPD capital investment. Investment for logic/foundry, power devices and wafers is described as solid. - FY2023-Q2WorsenedAnnual report
「During the first 6 months of the current fiscal year, the Group's business environment reflected slower demand for smartphones, personal computers and televisions. In the semiconductor industry, some capital investment, mainly for memory products, was being reviewed, but capital investment for logic/foundry, power devices and wafers continued to be solid.」
The disclosure describes slower demand for smartphones, personal computers and televisions and reviews of capital investment, mainly for memory products, making the uncertainty in the business environment more specific. Meanwhile, investment for logic/foundry, power devices and wafers is described as solid. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The Company continues to state that there have been no new risks or significant changes to existing risks. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2021-Q3MaterialisedAnnual report
「During the first 9 months of the current fiscal year, the global economy remained uncertain due to the worldwide spread of COVID-19.」
The uncertain business environment caused by the worldwide spread of COVID-19 continues. - FY2021-Q2MaterialisedAnnual report
「The impact of COVID-19 continued. Although sales of ticket vending machines recovered somewhat after bottoming out, overall sales remained sluggish, resulting in a segment loss.」
The impact of COVID-19 continued to appear as sluggish sales and a segment loss in the Distribution Equipment Systems segment. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current fiscal year, the global economy remained uncertain due to the worldwide spread of COVID-19.」
While stating that there had been no new business or other risks or significant changes to existing risks, the uncertain business environment caused by the global spread of COVID-19 continued. During the quarter, net sales declined 5.8% year on year and operating profit declined 61.2%, indicating that the impact on the business was continuing. - FY2020MaterialisedAnnual report
「The spread of COVID-19 continued as of the date of preparation of the consolidated financial statements and was affecting the Group's business activities.」
Regarding COVID-19, which had been monitored through the previous quarter, the Company stated that it was still affecting business activities as of the date of preparation of the consolidated financial statements. It also indicated delays in business negotiations and orders, the arrival of materials, shipments and on-site start-up work. - FY2020-Q3WorsenedAnnual report
「During the first 9 months of the current fiscal year, there were no new business or other risks, nor any significant changes to the business and other risks described in the annual securities report for the previous fiscal year. The Company will continue to closely monitor the impact of the spread of COVID-19 on its business.」
While stating that there had been no significant changes to existing risks, the Company newly identified the impact of the spread of COVID-19 on its business and said it would continue to monitor the situation. It did not state that an impact on the business had already occurred. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2018RestatedAnnual report
「Demand for the manufacturing equipment sold by the Group is affected by supply and demand for electronic components, including FPDs and semiconductors, produced using that equipment, and particularly by economic conditions in the countries where those electronic components are consumed. Accordingly, an economic downturn and contraction in demand in North America, Europe, Asia, Japan and other regions could adversely affect the Group's performance.」
The impact on performance from supply and demand for electronic components, as well as economic downturns and demand contraction in each region, continues to be disclosed as a risk. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2017-Q3MaterialisedAnnual report
「During the first 9 months of the current fiscal year, exchange rates fluctuated rapidly and substantially due to the UK's EU exit issue and the impact of the US presidential election, affecting the Company's performance. Ordinary profit and net income attributable to owners of the parent declined because valuation losses on derivatives related to forward exchange contracts were recognized as a result of the rapid depreciation of the yen.」
The previously cited volatility in exchange rates and uncertainty in the economic environment affected performance through rapid and substantial exchange-rate movements, resulting in an actual valuation loss of ¥373 million on derivatives related to forward exchange contracts due to the rapid depreciation of the yen. - FY2017-Q2RestatedAnnual report
「During the first six months of the current fiscal year, the Group's business environment remained generally uncertain. Overseas, uncertainty over the outlook for the global economy increased due to the slowdown in the Chinese economy and the UK's decision to leave the EU. In Japan, concerns grew as stock prices remained sluggish and the yen appreciated rapidly.」
The uncertain business environment caused by the slowdown in the Chinese economy, the UK's exit from the EU, sluggish stock prices and a stronger yen continues to be described. It is expressly stated that there have been no new risks or significant changes to business and other risks. - FY2017-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the Group's business environment remained generally uncertain. Overseas, the Chinese economy slowed and geopolitical risks increased in Europe and the Middle East. In addition, the result of the referendum held in the UK in late June was a vote to leave the EU, increasing uncertainty over the outlook for the global economy. In Japan, concerns grew due to the effects of the Kumamoto earthquake in mid-April and the rapid appreciation of the yen and decline in stock prices from late June onward.」
In addition to the previously cited slowdown in the Chinese economy, geopolitical risks, a stronger yen and falling stock prices, the UK vote to leave the EU and the Kumamoto earthquake were disclosed, indicating that environmental risks had deepened with the statement that uncertainty had increased. The UK referendum and Kumamoto earthquake were described as events that had actually occurred. - FY2016First statedAnnual report
「During the current fiscal year, the Group's business environment remained generally uncertain. Overseas, the Chinese economy slowed and geopolitical risks increased in Europe and the Middle East. In Japan, concerns grew as the yen appreciated rapidly and stock prices fell sharply from the beginning of 2016.」
The business environment during the year was described as having been affected by an economic slowdown, geopolitical risks, a stronger yen and falling stock prices as actual changes in the environment.