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Shirai Electronics Industrial (6658) · RiskMitigated

Challenging Conditions in Japan's Printed Circuit Board Market Due to Companies' Shift to Overseas Production

First written in FY2017-Q1. 9 of 19 entries say "Restated". Latest entry: FY2022-Q3.

19entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2018-Q3RestatedFY2019-Q1 – FY2019OtherFY2021-Q3 – FY20212016: 220162017: 320172018: 320182019: 420192020: 420202021: 220212022: 1
Same theme, other companies
Demand Decline Due to the Hollowing-Out of Domestic Electronic Circuit Board ProductionA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Shirai Electronics Industrial moved to the "Worse" side of this theme in 2019.

0 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.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q3MitigatedAnnual report

    「In the printed circuit board business, demand recovered rapidly from the third quarter of the previous year, and results exceeded the same quarter of the previous year in every field: automotive electronics, amusement, home appliances, communications equipment and electronic applications.」

    Demand in the printed circuit board business recovered rapidly, and results exceeded the same quarter of the previous year in multiple fields. There is no direct reference to structural challenges in the domestic market due to production shifts overseas.
  2. FY2021Full-year decline in orders, with automotive-related orders recovering in the second halfAnnual report

    「Due to the impact of the novel coronavirus, orders stagnated in Japan and overseas, particularly in the first half, but signs of recovery emerged in the second half, led by automotive-related orders.」

    Orders in Japan and overseas stagnated for the full year due to the impact of COVID-19, but signs of recovery emerged in the second half, led by automotive-related orders, according to the statement.
  3. FY2021-Q3Recovery in automotive-related demand, while other demand remains unrecoveredAnnual report

    「In the printed circuit board industry, the impact of the global spread of the novel coronavirus continued, and although the automotive-related market was beginning to recover, other demand had not yet recovered, leaving order conditions challenging.」

    Signs of recovery emerged in the automotive-related market, but other demand did not recover, and challenging order conditions in the printed circuit board industry continued.
  4. FY2021-Q2WorsenedAnnual report

    「In the printed circuit board industry, the global spread of the novel coronavirus had a significant impact, while US-China trade friction remained unresolved, causing demand for electronic components overall to stagnate and leaving order conditions challenging.」

    In addition to the previous market contraction caused by production shifts overseas and US-China trade friction, demand for electronic components overall has stagnated and order conditions have remained challenging due to the impact of the novel coronavirus.
  5. FY2021-Q1WorsenedAnnual report

    「In the printed circuit board industry, demand for electronic components overall declined amid the effects of prolonged US-China trade friction and China's economic stagnation, while the global spread of the novel coronavirus made order conditions even more challenging.」

    In addition to declining demand for electronic components due to US-China trade friction and China's economic stagnation, the global spread of the novel coronavirus made order conditions even more challenging, according to the statement.
  6. FY2020WorsenedAnnual report

    「In the printed circuit board industry as well, demand for electronic components overall declined due to prolonged US-China trade friction, China's economic stagnation and, from the beginning of the year, the impact of the novel coronavirus, resulting in generally challenging order conditions.」

    The statement explicitly cites a decline in overall demand for electronic components due to US-China trade friction, China's economic stagnation and the impact of the novel coronavirus, indicating increasingly challenging order conditions.
  7. FY2020-Q3RestatedAnnual report

    「In the printed circuit board industry as well, escalating US-China trade friction has caused demand for electronic components overall to decline, and challenging conditions continue across the industry.」

    The decline in overall demand for electronic components due to US-China trade friction and the challenging conditions across the industry continue to be cited.
  8. FY2020-Q2WorsenedAnnual report

    「In the printed circuit board industry, escalating US-China trade friction has caused demand for electronic components overall to decline, leaving the industry as a whole in challenging conditions.」

    In addition to the previous contraction of the domestic market and intensifying competition, the statement says that escalating US-China trade friction has caused demand for electronic components overall to decline.
  9. FY2020-Q1WorsenedAnnual report

    「In the printed circuit board industry, the market has shown signs of contraction due to the domestic market shrinking as companies shift production overseas, intensifying competition with domestic and overseas industry peers, and the expanding impact of US-China trade friction, leaving the industry as a whole in challenging conditions.」

    In addition to the previous contraction of the domestic market and intensifying competition caused by production shifts overseas, the statement now explicitly cites a market contraction trend due to escalating US-China trade friction, indicating increasingly challenging industry conditions.
  10. FY2019RestatedAnnual report

    「The domestic market continues to contract and competition continues to intensify due to companies shifting production overseas, leaving the industry as a whole in challenging conditions.」

    The contraction of the domestic market and intensifying competition due to companies shifting production overseas continue to be cited.
  11. FY2019-Q3RestatedAnnual report

    「In the printed circuit board industry, demand has remained firm, particularly in the automotive electronics and IoT-related markets, but conditions remain challenging as intensified competition in the domestic market due to companies shifting production overseas and surging raw material prices have affected earnings.」

    While demand for automotive electronics and IoT-related products remains firm, competition in the domestic market has intensified due to companies shifting production overseas, and challenging conditions continue.
  12. FY2019-Q1RestatedAnnual report

    「In the printed circuit board industry, the markets for automotive electronics and IoT-related products have been expanding, but the domestic market continues to face challenges due partly to companies shifting production overseas.」

    While markets for automotive electronics and other products are expanding, the domestic market continues to face challenges due to companies shifting production overseas.
  13. FY2018WorsenedAnnual report

    「However, the domestic market is contracting as companies shift production overseas, and intense competition among rival manufacturers continues as they vie for survival.」

    The description has changed from the previous references to challenging conditions and limited growth potential in the domestic market to a statement that the domestic market is contracting.
  14. FY2018-Q3RestatedAnnual report

    「In the printed circuit board industry, the market, particularly automotive electronics-related business, has been expanding against a backdrop of technological innovation for the future, but significant growth cannot be expected in the domestic market, and intense competition among rival manufacturers continues within the limited market.」

    While the global market, particularly automotive electronics-related business, is expanding, scope for growth in the domestic market is limited, and intense competition among rival manufacturers continues.
  15. FY2018-Q2RestatedAnnual report

    「In the printed circuit board industry, the global market, particularly automotive electronics-related business, has been expanding against a backdrop of future technological innovation, but significant growth cannot be expected in the domestic market due partly to companies shifting production overseas, and intense competition among rival manufacturers continues within the limited market.」

    While the global market, particularly automotive electronics-related business, is expanding, the domestic market remains constrained by production shifts overseas, and intense competition among rival manufacturers continues.
  16. FY2018-Q1RestatedAnnual report

    「In the printed circuit board industry, the overall market, particularly automotive electronics-related business, has been expanding, but the domestic market remains challenging due to companies shifting production overseas, and competition with rival manufacturers remains intense.」

    While the overall market, particularly automotive electronics-related business, is expanding, the domestic market continues to face challenges due to companies shifting production overseas, along with intense competition from rival manufacturers.
  17. FY2017-Q3RestatedAnnual report

    「In the printed circuit board industry, automotive electronics-related business has remained strong in Japan and overseas, driven by the increasing use of electronic systems to improve vehicle safety and convenience, while other fields remain challenging, particularly in the domestic market.」

    Automotive electronics-related business remains strong, while the domestic market for other fields continues to face challenges.
  18. FY2017-Q2RestatedAnnual report

    「In the printed circuit board industry, automotive electronics-related business has remained strong in Japan and overseas, but other fields continue to face challenging conditions in the domestic market, partly because companies have shifted production overseas.」

    Automotive electronics-related business remains strong, while the domestic market for other fields continues to face challenges due to production shifts overseas and other factors.
  19. FY2017-Q1First statedAnnual report

    「In the printed circuit board industry, overseas markets, particularly those related to automotive electronics, have been expanding, but the domestic market remains challenging, partly because companies have shifted production overseas.」

    While overseas markets are expanding, the domestic market continues to face challenges due to the impact of production shifts overseas.
Moved together

"Decline in earning power from lower revenue and earnings" moved the same way as this thread, in the same document, in 6 of its 19 moves.

655443★123456
  1. ★This thread
  2. 1Decline in earning power from lower revenue and earnings6×
  3. 2Improved profit margin in the Inspection Equipment and Solutions Business5×
  4. 3Weak domestic demand and private consumption5×
  5. 4Uncertainty over the Economic Outlook Due to Global Economic and Geopolitical Risks4×
  6. 5Decline in Net Assets and Equity Ratio4×
  7. 6Stagnation in Demand for Inspection Equipment Due to the Economic Slowdown in Asia, Led by China3×

★ 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
Shirai Electronics Industrial's next results are scheduled for 2026-11-06. Read the earnings preview
News
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