Impact on performance from fluctuations in capital expenditure demand
First written in FY2020. 8 of 13 entries say "Materialised", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2019: 13 of 26 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026Semiconductor demand remains firm, while EV-related demand is sluggishAnnual report
「Demand for advanced semiconductor package substrates remained firm, supported by increased data center investment for generative AI. In the automotive-related field, although the EV market remained strong in China, demand for our products in the EV-related FPC market was sluggish due to stronger competitiveness among local manufacturers and progress in local procurement.」
Capital investment in equipment for semiconductor package substrates remained firm, while demand for our products in the EV-related FPC market was sluggish due to stronger local competitiveness and progress in local procurement. - FY2025-H1MaterialisedAnnual report
「The introduction of the RD3000 series of exposure equipment for EVs has been delayed due to the weakness of the EV market.」
The risk of fluctuations in capital investment demand has materialized as delays in the introduction of exposure equipment for EVs due to the weakness of the EV market. - FY2024MaterialisedAnnual report
「Order intake for the current fiscal year was ¥1,103 million, down 48.1% year on year, while the order backlog at fiscal year-end was ¥644 million, down 46.7% year on year.」
The stagnation of the semiconductor market and delays in projects for China caused order intake and the order backlog to decline substantially, making fluctuations in capital investment demand evident in the full-year results. - FY2024-Q3MaterialisedAnnual report
「Regarding our sales performance for the cumulative third quarter, sales fell below the initial plan because the current downturn in the semiconductor market caused order and sales plans, mainly for China-related projects, to be pushed back from the original schedule.」
The stagnation of the semiconductor market pushed back order intake and sales plans for projects in China, causing sales to fall below the initial plan. The risk of fluctuations in capital investment demand continues to materialize as performance below plan. - FY2024-Q1MaterialisedAnnual report
「Against the backdrop of inventory adjustments in the semiconductor market, many of our major customers are postponing the timing of their capital investments.」
Against the backdrop of inventory adjustments in the semiconductor market, major customers have in fact begun postponing the timing of their capital investments. The risk of fluctuations in capital investment demand has materialized in the form of effects on order intake and delivery schedules. - FY2023-Q3MitigatedAnnual report
「Sales have generally progressed in line with the plan, partly because the large order received in January 2022 was delivered and accepted. The large order received in April of the same year and other orders are also expected to be delivered and accepted by the end of the fiscal year, so there is no change to the full-year earnings forecast at this time.」
Although sales had fallen below plan through the previous quarter because customers had postponed their capital investment plans, deliveries and acceptance of large projects progressed, bringing sales broadly in line with plan. The order backlog also increased 26.7% year on year. - FY2023-Q2MaterialisedAnnual report
「For some domestic projects, delivery of the Company's products was pushed back to the second half onward because the capital investment plans of the delivery recipients were postponed. As a result, sales for the period fell below the initial plan.」
Delays in customers' capital investment plans led to delays in product deliveries and sales falling below plan, making the risk of fluctuations in capital investment demand concrete. - FY2022MaterialisedAnnual report
「In projects initially planned for the Chinese market, prolonged and severe travel restrictions prevented negotiations from progressing as planned, and large projects were pushed into the following period. As a result, sales for the fiscal year fell below the initial plan.」
Capital investment projects in the Chinese market were pushed into the following fiscal year due to travel restrictions, making fluctuations in capital investment demand concrete in the form of sales falling below plan. - FY2022-Q3MaterialisedAnnual report
「Sales for the cumulative 3 quarters of the current fiscal year fell below the initial plan, mainly because delays in customers' capital investment pushed back the delivery schedule for repeat orders.」
Delays in customers' capital investment pushed back the delivery schedule for repeat orders, causing sales to fall below the initial plan. The risk of fluctuations in capital investment demand has materialized in the form of effects on delivery timing and business performance. - FY2021Chinese market recovery, but full-year plan missedAnnual report
「We secured a large order against the backdrop of China's strong economy, and will continue to strengthen sales activities in Japan and overseas, starting with the Chinese market, so that we can continue to secure orders.」
Although we secured a large order against the backdrop of China's economic recovery, full-year sales fell below plan due to order stagnation and delivery delays caused by the infectious disease. - FY2021-Q3Signs of recovery in the Chinese market, but performance below planAnnual report
「While order-taking activities stagnated globally due to the spread of COVID-19, signs of recovery appeared early in the Chinese market, and order-taking activities also gradually recovered in other regions. However, sales for the first 3 quarters of the current fiscal year fell below the initial plan.」
Although capital investment demand showed early signs of recovery in the Chinese market and order-taking activities recovered in other regions, First EIE's sales still fell below plan. - FY2021-Q1MaterialisedAnnual report
「During the first quarter cumulative consolidated period, photoplotters, the business’s main product, drove revenue. However, as the spread of COVID-19 led to a tendency to defer investment in the Chinese market, revenue for the period fell short of the initial plan.」
The risk that fluctuations in capital investment demand in Japan, Taiwan, China and elsewhere could affect business performance materialized as investment was actually deferred in the Chinese market, causing First EIE's sales to fall below plan. - FY2020First statedAnnual report
「The performance of our group tends to be significantly affected by increases and decreases in capital investment resulting from economic fluctuations. If capital investment demand declines for any reason in Japan, Taiwan and China, the major countries in which we operate, this could affect the performance of our group.」
The market risk that declining capital investment demand in Japan, Taiwan and China could affect business performance has been disclosed as a separate risk item for the first time.