Slowing Growth in Demand for Smartphones
First written in FY2016-Q2. 9 of 19 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2025.
Taiyo Technolex moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Although the domestic EV market remained weak, the industry as a whole continued to perform solidly due to replacement demand for PCs following the end of OS support, the wider use of generative AI, increased data center demand and a recovery in demand for high-end smartphones.」
The recovery in demand for high-end smartphones was clearly identified, partially easing the previous concerns over slowing demand and inventory adjustments. - FY2024-Q2RestatedAnnual report
「Although demand for servers for data centers and consumer PCs increased amid the expansion of the generative AI-related market, the electronic circuit board industry in which our Group operates performed weakly because demand for high-function automotive products remained sluggish due to the slowdown in the global EV market and automobile production cuts resulting from the impact of misconduct issues and other factors, as well as weak demand for consumer products such as smartphones.」
Weak demand for consumer products such as smartphones continued to be clearly identified. The increase in demand for generative AI-related servers and PCs was also noted. - FY2024-Q1RestatedAnnual report
「Sales of FPCs for other set makers and display manufacturers declined due in part to the prolonged inventory adjustments of consumer and industrial equipment products.」
Although weakness in demand for consumer products, including smartphones, was not identified directly, the prolonged inventory adjustments for consumer products and lower FPC sales continued the theme of slowing demand. - FY2023WorsenedAnnual report
「Although demand for automotive products, particularly EVs and advanced driver assistance systems, remained solid as supply constraints for electronic components eased, performance remained weak because inventory adjustments for smartphones and PCs due to softer demand continued for an extended period and demand for products for data centers and industrial equipment remained sluggish.」
Weak smartphone demand and prolonged inventory adjustments spread to PCs, data centers and industrial equipment. - FY2023-Q3RestatedAnnual report
「Although demand for consumer products such as smartphones and PCs, as well as products for data centers and industrial equipment, remained weak due to the reversal of stay-at-home demand and a cautious stance on capital investment, the electronic circuit board industry in which our Group operates continued to perform solidly, driven by demand for automotive products, particularly EVs and advanced driver assistance systems.」
The weakness in demand for consumer products such as smartphones and PCs and for data center and industrial equipment applications continued to be reported. Meanwhile, the pattern of automotive demand driving the industry also continued. - FY2023-Q2WorsenedAnnual report
「Although demand for consumer products such as smartphones and PCs and for data center products remained weak, the electronic circuit board industry in which our Group operates continued to perform solidly, driven by demand for automotive applications, particularly EVs and driver assistance systems, as the prolonged shortage of electronic components showed signs of recovery.」
In addition to weak demand for consumer products such as smartphones, weak demand for data center products was also clearly identified, broadening the areas of weak demand. Meanwhile, automotive demand provided support. - FY2023-Q1WorsenedAnnual report
「Although demand for consumer products such as smartphones and PCs remained weak following the reversal of stay-at-home demand, the electronic circuit board industry in which our Group operates continued to perform solidly, with new factories being built in Southeast Asia to meet strong demand in growth areas such as 5G, EVs and autonomous driving.」
The weakness in demand for consumer products such as smartphones and PCs following the reversal of stay-at-home demand was clearly identified. - FY2022-Q1WorsenedAnnual report
「Although prototype FPC (※4) projects for set makers (※3) declined as materials development projects for electronic mobile devices paused, sales increased as higher orders for mass-production projects from set makers, including camera and medical equipment manufacturers, led to higher sales revenue.」
The decline in FPC prototype projects was again identified as materials development projects for electronic mobile devices paused. Meanwhile, increased orders for mass-production projects offset the decline. - FY2019RestatedAnnual report
「Although the electronic circuit board industry in which our Group operates saw weak demand due to a pause in smartphone demand and sluggish domestic and overseas automobile sales, it continued to perform solidly ahead of the full-scale launch of the 5G (next-generation communications standard) market, with expected demand not only for smartphones but also for the use of IoT and AI as new social infrastructure.」
The weakness and pause in smartphone demand continued to be reported, alongside expectations for future demand from 5G, IoT and AI. - FY2019-Q3WorsenedAnnual report
「Revenue declined as the continued cautious stance on capital investment, due to falling smartphone demand in global markets and stagnation in external demand associated with US-China trade tensions, led to lower sales of powered test equipment and visual inspection equipment.」
The decline in smartphone demand continued, leading to lower sales of powered test equipment and visual inspection equipment through stagnant external demand and more cautious capital investment. - FY2019-Q2RestatedAnnual report
「Although demand for smartphones in the electronic circuit board industry slowed markedly as the market matured,」
Commentary continued to describe a marked slowdown in smartphone demand as a result of market maturity. - FY2019-Q1WorsenedAnnual report
「Sales of powered test equipment (※4) declined as the decline in smartphone demand in global markets, including China, led to a more cautious stance on capital investment.」
The decline in smartphone demand became evident in global markets, including China, leading to more cautious capital investment and lower sales of powered test equipment. - FY2018WorsenedAnnual report
「Demand for smartphones, the main driver of the electronic circuit board industry, showed clear signs of stagnation in global markets, particularly China, and the difficult market environment is expected to continue, while」
The outlook for smartphone demand deteriorated from the previous pause and slowdown to expectations that stagnation would become more pronounced in global markets and that difficult conditions would continue. - FY2018-Q3MitigatedAnnual report
「Demand for smartphones, supported by the launch of new models and increased production by Chinese manufacturers, and demand for in-vehicle equipment, driven by the rising rate of automotive electrification, remained firm.」
Regarding smartphone demand, commentary improved from the previous concern over a slowdown to solid demand, driven by the launch of new models and increased production by Chinese manufacturers. - FY2018-Q2WorsenedAnnual report
「Although demand for smartphones showed signs of slowing due to market saturation in developed countries and longer replacement cycles」
The saturation of developed-country markets and longer replacement cycles were newly identified as factors behind slower smartphone demand, making the continuing concern more specific. - FY2018-Q1WorsenedAnnual report
「Although demand for smartphones showed signs of leveling off, demand for in-vehicle equipment remained firm due to the growing adoption of advanced driver-assistance systems and rising social demand for greater automobile safety.」
While smartphone demand had previously been described as resilient, it was noted that demand had begun to level off, again highlighting concerns over slower growth. - FY2017-Q2MitigatedAnnual report
「Demand for smartphones, whose performance continues to improve, remained resilient.」
Regarding demand for smartphones, it was explained that demand remained resilient despite concerns over slower growth through the previous fiscal year. - FY2017-Q1MitigatedAnnual report
「Demand from Chinese smartphone manufacturers, whose presence in the global market has grown as their products have become more sophisticated, and demand for in-vehicle equipment, driven by the increasing use of electronics in automobiles, remained firm.」
Demand from Chinese smartphone manufacturers was described as firm, which helped ease the previously expressed concern over slower growth in smartphone demand. - FY2016-Q2First statedAnnual report
「Growth in demand for smartphones slowed, as the Chinese market that had driven growth to date matured and sales of high-end models weakened, particularly in developed countries.」
The maturation of the Chinese market and weak sales of high-end models were identified as already-observed market changes.