Decline in HDD Demand and Shift in Demand to SSDs
First written in FY2016. 29 of 36 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026-H1.
Nidec moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
3 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「HDD motor sales rose 8.3% year on year to ¥52.765 billion.」
While long-term demand for HDDs used in client devices continues to decline, HDD motor sales, driven mainly by nearline applications, rose 8.3% year on year, indicating some mitigation of the demand-decline risk. - FY2025MitigatedAnnual report
「HDD motor sales increased 41.9% year on year to ¥100,219 million, mainly due to growth in the high-value-added segment, particularly for nearline applications.」
While the long-term decline in demand for HDDs used in client devices continued, HDD motor sales recovered in the high-value-added segment, particularly for nearline applications. - FY2025-H1MitigatedAnnual report
「HDD motor sales increased 67.7% year on year to ¥48,723 million, mainly due to growth in the high-value-added segment, particularly for nearline applications.」
Demand for HDD motors recovered, particularly for nearline applications, and sales increased 67.7% year on year. - FY2024MaterialisedAnnual report
「HDD motor sales declined 10.0% from the previous fiscal year to ¥70,608 million, mainly due to lower sales volume.」
Lower demand for HDD motors was reflected in annual results as a 10.0% decline from the previous fiscal year, mainly due to lower sales volume. - FY2024-Q3MaterialisedAnnual report
「HDD motor sales declined 21.2% year on year to ¥48,096 million, mainly due to lower sales volume.」
Lower demand for HDD motors was reflected in the nine-month cumulative results as a 21.2% year-on-year decline in sales, mainly due to lower sales volume. - FY2024-Q2MaterialisedAnnual report
「HDD motor sales declined 31.5% year on year to ¥29,055 million, mainly due to lower sales volume, including a ¥2,300 million increase from the impact of foreign exchange.」
The decline in HDD motor sales volume continued, and first-half sales were ¥29,055 million, down 31.5% year on year. - FY2024-Q1WorsenedAnnual report
「HDD motor sales declined 49.1% year on year to ¥10,641 million, mainly due to lower sales volume, including a ¥1,300 million increase from the impact of foreign exchange.」
The decline in HDD motor sales widened to 49.1% year on year, compared with a 9.2% decline in FY2023-Q1. - FY2023MaterialisedAnnual report
「HDD motor sales declined 20.6% from the previous fiscal year to ¥78,462 million, mainly due to lower sales volume, including a ¥21,000 million increase from the impact of foreign exchange.」
Lower HDD demand and structural changes toward SSDs and other products were reflected in annual results as a 20.6% decline in HDD motor sales, mainly due to lower sales volume. - FY2023-Q3MaterialisedAnnual report
「HDD motor sales declined 20.5% year on year to ¥61,067 million, mainly due to lower sales volume, including a ¥18,300 million increase from the impact of foreign exchange.」
The decline in HDD motor sales volume continued to be reflected in actual results as a 20.5% year-on-year decline in sales. - FY2023-Q2MaterialisedAnnual report
「HDD motor sales declined 14.2% year on year to ¥42,406 million, mainly due to lower sales volume.」
The impact of lower HDD demand and the shift in demand to SSDs and other products was reflected in actual results as a 14.2% year-on-year decline in HDD motor sales. - FY2023-Q1MaterialisedAnnual report
「HDD motor sales declined 9.2% year on year to ¥20,923 million, mainly due to lower sales volume.」
The decline in HDD motor sales volume was reflected in actual results as a 9.2% year-on-year decline in sales in the first quarter. - FY2022WorsenedAnnual report
「HDD motor sales declined 31.4% from the previous fiscal year to ¥98,783 million, mainly due to lower sales volume.」
The decline in HDD motor sales volume was reflected in annual sales as a 31.4% decline, and the impact of structural changes in demand continued to intensify. - FY2022-Q3MaterialisedAnnual report
「HDD motor sales declined 34.0% year on year to ¥76,859 million, mainly due to lower sales volume.」
The impact of lower HDD demand and the shift to SSDs continued to be reflected in actual results as a 34.0% year-on-year decline in HDD motor sales, mainly due to lower sales volume. - FY2022-Q2WorsenedAnnual report
「HDD motor sales declined 41.3% year on year to ¥49,440 million, mainly because customers reduced production due to shortages of electronic components and some customers' plants reduced production during COVID-19 lockdowns.」
In addition to lower HDD demand and the shift to SSDs, customers' electronic component shortages and production cuts due to lockdowns overlapped, resulting in a 41.3% year-on-year decline in sales. - FY2022-Q1MaterialisedAnnual report
「HDD motor sales declined 37.8% year on year to ¥23,037 million, mainly due to lower sales volume.」
The impact of lower HDD demand and the shift in demand to SSDs and other products was reflected in actual results as a 37.8% year-on-year decline in sales, mainly due to lower HDD motor sales volume. - FY2021MaterialisedAnnual report
「HDD motor sales volume declined approximately 22% from the previous fiscal year, but sales were ¥144,029 million, down 8.4% from the previous fiscal year, due to an improved product mix and other factors.」
Lower HDD demand and structural changes toward SSDs and other products were reflected in annual results as an approximately 22% decline in sales volume and an 8.4% decline in sales. - FY2021-Q3MaterialisedAnnual report
「HDD motor sales volume declined approximately 17.7% year on year, but sales were ¥116,417 million, a modest 0.7% year-on-year decline, due to an improved product mix and other factors.」
HDD motor sales volume declined approximately 17.7%. Although this was offset by an improved product mix and other factors, sales declined 0.7% year on year. - FY2021-Q2MaterialisedAnnual report
「HDD motor sales increased 8.5% year on year to ¥84,206 million. Sales volume declined approximately 10.2% year on year, but sales increased because sales of HDD motors for data centers and other products were strong.」
Sales increased due to selling prices and sales to data centers, while sales volume declined approximately 10.2% year on year, and the impact of lower HDD demand continued to be reflected in actual results. - FY2021-Q1MaterialisedAnnual report
「HDD motor sales declined 2.5% year on year to ¥37,043 million. Sales volume declined approximately 19.1% year on year, resulting in lower sales.」
The impact of lower HDD demand and the shift to SSDs continued to be reflected in actual results as an approximately 19.1% decline in first-quarter HDD motor sales volume and a 2.5% year-on-year decline in sales. - FY2020MaterialisedAnnual report
「HDD motor sales declined 12.2% from the previous fiscal year to ¥157,240 million. Sales volume declined approximately 18.7% from the previous fiscal year, resulting in lower sales.」
The impact of the shift in demand from HDDs to SSDs and other factors was reflected in annual results as an 18.7% decline in sales volume and a 12.2% decline in sales. - FY2020-Q3MaterialisedAnnual report
「HDD motor sales declined 17.6% year on year to ¥117,185 million. Sales volume declined approximately 20.4% year on year, resulting in lower sales.」
The impact of lower HDD demand and the shift to SSDs was reflected in actual results for the nine-month cumulative period as an approximately 20.4% decline in sales volume and a 17.6% year-on-year decline in sales. - FY2020-Q2MaterialisedAnnual report
「HDD motor sales declined 22.5% year on year to ¥77,614 million. Sales volume declined approximately 23.3% year on year, resulting in lower sales.」
The impact of lower HDD demand and the shift to SSDs was reflected in actual results as an approximately 23.3% decline in first-half sales volume and a 22.5% year-on-year decline in sales. - FY2020-Q1MaterialisedAnnual report
「HDD motor sales declined 22.1% year on year to ¥38,008 million. Sales volume declined approximately 23.0% year on year, resulting in lower sales.」
The impact of lower HDD demand and the shift to SSDs continued to be reflected in actual results as a 23.0% decline in first-quarter sales volume and a 22.1% year-on-year decline in sales. - FY2019MaterialisedAnnual report
「HDD motor sales declined 6.5% from the previous fiscal year to ¥179,011 million. Sales volume declined approximately 11.1% from the previous fiscal year, resulting in lower sales.」
Lower HDD demand associated with the shift in demand to SSDs and other factors was reflected in annual results as an approximately 11.1% decline in sales volume and a 6.5% year-on-year decline in sales. - FY2019-Q3MaterialisedAnnual report
「HDD motor sales declined 1.6% year on year to ¥142,153 million. Sales volume declined approximately 8.8% year on year, and sales declined despite higher selling prices and other factors.」
HDD motor sales volume declined approximately 8.8% year on year, and the impact of lower demand continued to be reflected in the decline in nine-month cumulative sales. - FY2019-Q2MaterialisedAnnual report
「HDD motor sales increased 6.8% year on year to ¥100,103 million. Sales volume declined approximately 3.5% year on year, but sales increased due to higher selling prices and other factors.」
HDD motor sales increased due to higher selling prices and other factors, while sales volume declined approximately 3.5% year on year, and the impact of lower demand continued to be reflected in actual results. - FY2019-Q1MaterialisedAnnual report
「HDD motor sales increased 9.1% year on year to ¥48,782 million. Sales volume declined approximately 0.7% year on year, but sales increased due to higher selling prices and other factors.」
HDD motor sales volume declined approximately 0.7% year on year, and the impact of lower demand continued. Meanwhile, sales increased 9.1% year on year due to higher selling prices and other factors. - FY2018MaterialisedAnnual report
「Sales volume declined approximately 8% from the previous fiscal year, but sales increased due to the impact of foreign exchange.」
HDD motor sales volume declined approximately 8% year on year, and the impact of lower HDD demand continued to be reflected in annual results. Sales increased 0.2% due to the impact of foreign exchange. - FY2018-Q3MaterialisedAnnual report
「Nidec Singapore's total sales were ¥38,218 million, down 8.2% year on year. This was mainly due to lower demand for HDD motors, despite the positive impact of the yen's depreciation against the US dollar.」
Lower demand for HDD motors continued to be reflected in actual results as a factor behind the 8.2% year-on-year decline in Nidec Singapore's nine-month cumulative sales. - FY2018-Q2MaterialisedAnnual report
「Nidec Singapore's total sales were ¥24,965 million, down 4.7% year on year. This was mainly due to lower demand for HDD motors, despite the positive impact of the yen's depreciation against the US dollar.」
Lower demand for HDD motors continued to be reflected in actual results as a factor behind the 4.7% year-on-year decline in Nidec Singapore's first-half sales, offsetting the positive impact of the yen's depreciation. - FY2018-Q1MaterialisedAnnual report
「Nidec Singapore's total sales were ¥11,237 million, down 10.9% year on year. This was mainly due to lower sales resulting from changes in the distribution channel for HDD motors and lower demand.」
Lower demand for HDD motors continued to be reflected in actual results as a factor behind the 10.9% year-on-year decline in Nidec Singapore's first-quarter sales. - FY2017MaterialisedAnnual report
「HDD motor sales declined 8.1% year on year to ¥191,074 million.」
The impact of HDD demand and the competitive environment was reflected in annual results as an 8.1% year-on-year decline in HDD motor sales. - FY2017-Q3MaterialisedAnnual report
「Nidec Singapore's total sales were ¥41,638 million, down 24.8% year on year. This was mainly due to changes in the distribution channel and lower demand for HDD motors, as well as the negative impact of the yen's appreciation against the US dollar.」
Lower demand for HDD motors continued to be reflected in actual results as a factor behind the 24.8% year-on-year decline in Nidec Singapore's nine-month cumulative sales. - FY2017-Q2MaterialisedAnnual report
「Nidec's total sales for the first six months of the consolidated fiscal year were ¥105,575 million, up 0.7% year on year. This was mainly due to higher sales of other small motors, despite the negative impact of the yen's appreciation against the US dollar and lower demand for HDD motors.」
Lower demand for HDD motors continued to be reflected in first-half business sales. By product, HDD motor sales declined from ¥106,806 million in the year-earlier period to ¥90,366 million. - FY2017-Q1MaterialisedAnnual report
「Nidec's total sales for the first quarter cumulative consolidated period were ¥42,448 million, down 6.5% year on year. This was mainly due to the negative impact of the yen's appreciation against the US dollar and lower demand for HDD motors, despite higher sales of other small motors.」
The previously disclosed risk of declining HDD demand has materialised in actual results as a factor behind the quarterly decline in HDD motor sales. - FY2016First statedAnnual report
「Demand is shifting toward products equipped with solid-state drives (SSDs), such as tablet computers and smartphones.」
The disclosure states that the shift in demand toward SSD-equipped products may put pressure on demand for HDD-equipped PCs and HDD spindle motors.