Contraction and stagnation in the digital consumer electronics market and economic uncertainty
First written in FY2017-Q1. 14 of 32 entries say "Restated". Latest entry: 2026-08-06.
Buffalo moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2023: 43 of 66 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026-H1WorsenedAnnual report
「Meanwhile, amid volatile foreign exchange markets and persistently high raw material and energy prices, the outlook remained uncertain due to factors including slowing personal consumption resulting from continued price increases, rising geopolitical risks and developments in US tariff policy. In the PC peripheral equipment industry, our group's core business area, corporate capital investment in the business market showed an increasing trend. In the consumer market, however, demand continued to contract due to factors including weak consumer spending capacity resulting from high prices.」
In addition to the existing contraction in consumer demand and economic uncertainty, geopolitical risks, US tariff policy, and persistently high raw material and energy prices were identified as new uncertainty factors. - FY2025-H1RestatedAnnual report
「In the digital consumer electronics industry related to our group, corporate capital investment in the business market showed an increasing trend. However, in the consumer market, demand continued to contract due to factors including weak consumer spending capacity resulting from high prices.」
The market environment continues to show both an increasing trend in business capital investment and contracting consumer demand due to high prices. - FY2024-Q3RestatedAnnual report
「COVID-19 was reclassified as a Class 5 disease, and social and economic activity moved further toward normalization as restrictions on activities to prevent the spread of infection were relaxed. However, the outlook for economic conditions remained uncertain due to factors including the prolonged situation in Ukraine, global price increases and the depreciation of the yen.」
While social and economic activity moved further toward normalization, uncertainty over the outlook due to the situation in Ukraine, rising prices and the depreciation of the yen continued. - FY2024-Q2WorsenedAnnual report
「During the six-month period of the current fiscal year, social and economic activity moved toward normalization as COVID-19 was reclassified as a Class 5 disease and restrictions on activities to prevent the spread of infection were relaxed. However, the outlook for economic conditions remained uncertain due to factors including the prolonged situation in Ukraine, global price increases and further depreciation of the yen.」
While the impact of COVID-19 receded and social and economic activity moved toward normalization, further depreciation of the yen was added as an uncertainty factor, and uncertainty over the outlook continued. - FY2024-Q1ReframedAnnual report
「COVID-19 was reclassified as a Class 5 disease, and social and economic activity moved toward normalization as restrictions on activities to prevent the spread of infection were relaxed. However, the outlook for economic conditions remained uncertain due to factors including the prolonged situation in Ukraine, global price increases and the depreciation of the yen. In the business market, corporate capital investment showed signs of recovery. In the consumer market, however, the contraction in demand for PC peripherals continued due to weak consumer spending capacity resulting from high prices and other factors.」
While the impact of restrictions on activities due to COVID-19 receded and social and economic activity moved toward normalization, high prices, the depreciation of the yen and the situation in Ukraine continued as new uncertainty factors. In the market, business capital investment recovered, while demand for consumer peripherals continued to contract due to high prices. - FY2023ReframedAnnual report
「Although the impact of COVID-19 was moving toward containment, the environment surrounding our group remained uncertain due to factors including the depreciation of the yen, high prices and weak end demand.」
While the impact of COVID-19 was considered to be moving toward containment, the depreciation of the yen, high prices and weak end demand were identified as the main uncertainty factors, indicating a change in the composition of economic environment risks. - FY2023-Q3ReframedAnnual report
「In the business market, corporate capital investment showed a gradual recovery trend. However, in the consumer market, the contraction in demand for PC peripherals continued due to factors including the subsiding of telework demand.」
The digital consumer electronics market showed diverging conditions across markets, with a gradual recovery in business capital investment while demand for consumer peripherals continued to contract as telework demand subsided. - FY2023-Q2RestatedAnnual report
「During the six-month period of the current fiscal year, the impact of COVID-19 eased somewhat, and restrictions on activities were gradually relaxed, infected individuals were released from medical isolation, and the waiting period for close contacts was shortened. However, the outlook remained uncertain due to factors including the prolonged situation in Ukraine, global price increases and the depreciation of the yen.」
While some easing of the impact of COVID-19 and the relaxation of activity restrictions were noted, uncertainty over the outlook due to the situation in Ukraine, rising prices and the depreciation of the yen continued. - FY2023-Q1WorsenedAnnual report
「During the three-month period of the current fiscal year, the Japanese and global economies remained uncertain, although the impact of COVID-19 had eased somewhat. Factors including the prolonged situation in Ukraine, rising prices and the depreciation of the yen continued to cloud the outlook.」
While the impact of the infection eased somewhat, the prolonged situation in Ukraine, rising prices and the depreciation of the yen were added as new uncertainty factors. - FY2022-Q3ReframedAnnual report
「In the consumer market of the digital consumer electronics industry related to our group, demand for PC peripherals declined as telework demand from the previous fiscal year subsided. In the business market, corporate capital investment showed a gradual recovery trend.」
The decline in consumer demand for PC peripherals as telework demand subsided and the gradual recovery in business capital investment were presented together, indicating a change in the description of the market structure. - FY2022-Q2WorsenedAnnual report
「Although COVID-19 vaccinations progressed, the number of infections increased with the spread of highly transmissible variants, leading to the intermittent issuance of states of emergency and priority preventive measures. Economic activity cooled sharply, and economic conditions remained uncertain.」
While progress in vaccinations was noted, the increase in infections due to variants, the continued implementation of measures including states of emergency, and the cooling of economic activity were also noted, indicating that the uncertain economic environment continues. A decline in demand for consumer PC peripherals was also noted. - FY2022-Q1RestatedAnnual report
「Economic conditions are expected to remain uncertain for the time being.」
While expectations were expressed for economic normalization through vaccinations, the outlook for containing the infection remained unclear, and uncertainty over economic conditions continued due to measures including the state of emergency. - FY2021WorsenedAnnual report
「Although expectations for an economic recovery increased with the start of COVID-19 vaccinations, uncertainty over the outlook intensified as infections resurged, leading to the issuance of a second state of emergency in January 2021.」
The resurgence of infections and the second state of emergency issued in January 2021 further intensified uncertainty over the outlook. - FY2021-Q3WorsenedAnnual report
「During the nine-month period of the current fiscal year, the Japanese and global economies remained in an extremely difficult environment as the impact of COVID-19 persisted. Further spread of the infection was also a concern, and the outlook remained uncertain.」
The prolonged impact of COVID-19 and the extremely difficult environment for economic activity, as well as concerns over further spread of the infection, were noted. Diverging conditions across markets, with consumer demand expanding and the business market contracting, also continued. - FY2021-Q2ReframedAnnual report
「In the consumer market of the digital consumer electronics industry related to our group, the introduction of telework was promoted to prevent the spread of COVID-19, and the peripheral PC equipment market expanded as PC demand increased. In the business market, companies became more cautious about capital investment, and the market contracted.」
The digital consumer electronics market is described as having changed structurally, with the consumer peripheral equipment market expanding due to telework while the business market contracted as companies became more cautious about capital investment. - FY2021-Q1MaterialisedAnnual report
「During the three-month period of the current fiscal year, the Japanese and global economies were in an extremely difficult situation due to factors including the suspension of economic activity accompanying the global spread of COVID-19, worsening employment conditions and weaker personal consumption.」
COVID-19, which was noted as an uncertainty factor in the previous fiscal year, has materialized in the business environment through the suspension of economic activity, worsening employment conditions and weaker personal consumption. - FY2020WorsenedAnnual report
「However, since the beginning of the year, uncertainty has continued to increase due to the impact of the global spread of COVID-19 on the global economy.」
In addition to the existing uncertainty caused by factors including US-China trade friction, the economic uncertainty resulting from the global spread of COVID-19 has been newly noted. - FY2020-Q3RestatedAnnual report
「In the PC market, both the business and consumer segments performed well due to demand related to the end of support and maintenance for operating systems. The thin-screen TV market performed well, supported by replacements with 4K and OLED TVs against a backdrop of lower prices and front-loaded demand ahead of the consumption tax increase, and remained stable with little reaction after the tax increase. The smartphone and tablet markets had previously shown signs that demand had run its course, but the tablet market turned to a strong performance.」
In the digital consumer electronics market, the PC, thin-screen TV and tablet markets continued to perform well, while uncertainty over the outlook due to factors including US-China trade friction also persisted. There was no material change from the previous quarter. - FY2020-Q2SoftenedAnnual report
「In the PC market, both the business and consumer segments performed well due to demand related to the end of support and maintenance for operating systems. The thin-screen TV market also performed well, supported by replacements with 4K and OLED TVs against a backdrop of lower prices and front-loaded demand ahead of the consumption tax increase. The smartphone and tablet markets had previously shown signs that demand had run its course, but the tablet market turned to a strong performance.」
The business and consumer PC markets and the thin-screen TV market performed well, and the tablet market also turned to a strong performance, partially mitigating the previously existing risk of market weakness. - FY2020-Q1RestatedAnnual report
「In the PC market, the business segment remained firm due to demand related to the end of support and maintenance for operating systems, while signs of a bottoming out emerged in the consumer segment. The thin-screen TV market remained firm, supported by replacements with 4K and OLED TVs against a backdrop of lower prices. The smartphone and tablet markets showed signs that demand had run its course and remained weak. Meanwhile, product groups in the semiconductor sector, where demand was slowing globally, continued to experience a downward trend in selling prices.」
The business PC and thin-screen TV markets remained firm while the smartphone and tablet markets remained weak. In semiconductor product groups, slowing demand and declining selling prices continued. Diverging conditions across markets persist. - FY2019RestatedAnnual report
「In the PC market, the business segment grew on demand related to the end of support and maintenance for operating systems. The thin-screen TV market expanded as replacements with 4K and OLED TVs accelerated against a backdrop of lower prices. However, signs that demand had run its course emerged in the smartphone market, while the consumer segment of the tablet market remained weak despite strong performance in the business segment.」
While expansion of the business PC and thin-screen TV markets continued, signs that demand had run its course in the smartphone market and weakness in the consumer tablet market were again noted. - FY2019-Q3RestatedAnnual report
「During the nine-month period of the current fiscal year, Japan's economy remained on a recovery trend, supported by improved corporate earnings and employment conditions. However, the outlook remained uncertain due to factors including an unstable political situation stemming from US-China trade friction. In Europe and the United States, robust domestic demand drove the economy despite issues including the UK's withdrawal from the EU. The digital consumer electronics industry related to our group saw growth in the business PC market due to demand related to the end of support and maintenance for operating systems, while the thin-screen TV market expanded as replacements with 4K and OLED TVs accelerated against a backdrop of lower prices. However, although the business segment of the smartphone and tablet markets performed well, the consumer segment showed signs that demand had run its course and remained weak.」
While uncertainty over the outlook due to factors including US-China trade friction was noted, the business PC and thin-screen TV markets expanded, whereas the smartphone and tablet markets remained weak, mainly in the consumer segment. Diverging conditions across markets continue. - FY2019-Q2RestatedAnnual report
「In the PC market, the business segment continued to grow on demand related to the end of support and maintenance for operating systems. The thin-screen TV market also expanded as consumers replaced existing sets with 4K and OLED TVs against a backdrop of lower prices. However, although the business segment of the smartphone and tablet markets performed well, the consumer segment showed signs that demand had run its course and remained weak.」
While expansion of the business PC and thin-screen TV markets was noted, continued weakness in the consumer segments of the smartphone and tablet markets was also noted. - FY2019-Q1ReframedAnnual report
「In the PC market, the consumer segment declined, but the business segment grew on demand related to the end of support and maintenance for PC operating systems. The LCD TV market also expanded as consumers replaced existing sets with 4K and OLED TVs against a backdrop of lower prices. However, the smartphone and tablet markets remained weak, showing signs that demand had run its course.」
While declines in consumer PCs and weakness in the smartphone and tablet markets were noted, the business PC and LCD TV markets expanded, changing the composition of market-specific risks. - FY2018-Q3SoftenedAnnual report
「The digital consumer electronics industry related to our group remained firm in the smartphone market, supported by strong sales of low-priced models. The tablet market also grew, mainly in the consumer segment, while signs of a bottoming out emerged in the PC market. In contrast, the thin-screen TV market remained weak.」
In addition to firm smartphone and tablet markets, signs of a bottoming out emerged in the previously weak PC market, partially mitigating the risks. Meanwhile, weakness in the thin-screen TV market continues. - FY2018-Q2RestatedAnnual report
「The digital consumer electronics industry related to our group remained firm in the smartphone market, supported by an increase in low-priced models. The tablet market also grew, mainly in the consumer segment. In contrast, demand in the thin-screen TV and PC markets remained weak.」
The smartphone and tablet markets remained firm while the thin-screen TV and PC markets remained weak, with diverging conditions across markets continuing. - FY2018-Q1RestatedAnnual report
「Meanwhile, the global economy continued to face a highly uncertain environment, owing to concerns about the outlook amid political developments in Europe and the United States and slowing growth in emerging and resource-exporting economies. In the digital consumer electronics industry related to the group, the smartphone market expanded on growth in low-cost models, while the tablet market remained firm, supported by higher sales of new iPad models. In contrast, demand remained sluggish and the thin-screen television and PC markets remained weak.」
Uncertainty in the global economy and weakness in the thin-screen TV and PC markets continue. Meanwhile, the smartphone market is expanding and the tablet market is considered firm, indicating differing conditions across markets. - FY2017-Q3RestatedAnnual report
「Meanwhile, the global economy continued to face a highly uncertain environment, owing to concerns about political developments in Europe and the United States and the outlook following the United Kingdom’s Brexit issue, as well as slowing growth in emerging and resource-exporting economies. In the digital consumer electronics industry, the consumer PC market continued to contract, but the contraction was halted by growth in the business PC market. At the same time, growth in the smartphone market slowed as penetration increased, while demand remained sluggish and the thin-screen television and tablet markets remained weak.」
The filing continues to describe uncertainty in the global economy, contraction in the consumer PC market, slowing smartphone growth, and weakness in the thin-screen television and tablet markets. - FY2017-Q2RestatedAnnual report
「In the global economy, the U.S. economy remained firm, but the outlook for Europe remained uncertain due to the United Kingdom’s Brexit negotiations, while slowing growth in emerging and resource-exporting economies continued to create a highly uncertain environment. The PC market continued to contract gradually, and the tablet market also remained weak.」
Uncertainty in Europe and emerging economies, the contraction of the PC market and weakness in the tablet market have continued. The filing also notes positive signs in smartphones and 4K televisions. - FY2017-Q1First statedAnnual report
「In the global economy, concerns about a downturn in the U.S. economy, the United Kingdom’s Brexit issue, and slowing growth in emerging economies continued to create a highly uncertain environment.」
The current business environment is described as involving macroeconomic uncertainty, a shrinking PC market, weak smartphone and tablet markets, and a trend toward yen appreciation.