Recovering and expanding market share in high-end displays
First written in FY2016. 7 of 17 entries say "Restated". Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1RestatedAnnual report
「Revenue declined because we are strategically scaling back this business in order to concentrate management resources, including engineering resources, on next-generation products for our core businesses.」
The company continued its policy of strategically scaling back smartphone displays and concentrating management resources on next-generation products, rather than recovering or expanding market share. Revenue from LCD smartphones declined 53.3% year on year and accounted for 7.6% of company-wide revenue. - FY2024-Q3SoftenedAnnual report
「As some customers have strongly requested that production of LCD smartphones continue, we have decided to continue production for the time being next fiscal year. However, we will not change our positioning of this as a non-core business and intend to withdraw from it in the future.」
The company maintained its policy of eventually withdrawing from the LCD smartphone business, while deciding to continue production for the time being next fiscal year in response to customer requests, weakening the time frame for withdrawal. - FY2024-Q2RestatedAnnual report
「Revenue declined because we are strategically scaling back this business in order to concentrate management resources, including engineering resources, on next-generation products for our core businesses.」
The company continued its policy of strategically scaling back the smartphone LCD business and concentrating resources on next-generation products, rather than seeking to recover and expand market share. - FY2024-Q1RestatedAnnual report
「Revenue declined because we are strategically scaling back the smartphone display business in order to concentrate management resources, including engineering resources, on next-generation products.」
Rather than pursuing its previous smartphone market-share recovery and expansion goal, the company continued its policy of strategically scaling back the smartphone display business and concentrating resources on next-generation products. - FY2023ReframedAnnual report
「To move away from excessive competition and commoditization, we decided to significantly scale back the smartphone business, where the competitive environment is extremely challenging, while」
The company shifted from recovering and expanding market share in high-end smartphone displays to significantly scaling back the highly competitive smartphone business and concentrating management resources on growth areas. - FY2023-Q2WorsenedAnnual report
「Revenue in the mobile segment, including displays for smartphones and tablets, was ¥37,956 million, down 38.9% year on year.」
The trend of declining LCD demand as major customers shifted to OLED continued, with mobile-sector revenue down 38.9% year on year. Conditions for recovering and expanding market share in high-end LCD displays remained difficult. - FY2023-Q1WorsenedAnnual report
「First-quarter revenue in the mobile segment, including displays for smartphones and tablets, was ¥15,728 million, down 47.8% year on year.」
The decline in LCD demand associated with major customers’ shift to OLED continued, with mobile-sector revenue down 47.8% year on year. Conditions for recovering and expanding market share in high-end LCD displays deteriorated further. - FY2022WorsenedAnnual report
「Sales to Europe and the United States declined sharply as major customers increased their adoption of OLED displays, with revenue falling 47.5% year on year to ¥88,033 million.」
In the high-end smartphone segment, the shift by major customers toward OLED continued to reduce demand for LCDs, with the decline in mobile-sector revenue becoming more pronounced in the full-year results. - FY2021-Q3SoftenedAnnual report
「In addition to the maturation of the smartphone market, changing customer needs and intensifying competition in the smartphone display market mean that the likelihood of a significant improvement in revenue from this business at our group is extremely low. Accordingly, on 1 October 2020, we transferred the Hakusan Plant, formerly our main smartphone-display production facility, to reduce fixed costs and improve our balance sheet.」
The company stated that a significant improvement in revenue from the high-end smartphone segment was extremely unlikely, further weakening its previous market-share recovery and expansion goal. It transferred the Hakusan Plant as a response. - FY2020ReframedAnnual report
「In the mobile segment, we will focus on products with competitive advantages, including our strength in technologies such as LTPS, and on customers whose interests are aligned with ours, while promoting technology development for future business.」
The company stopped explicitly stating its previous goal of recovering and expanding share in the high-end smartphone market, shifting its focus to competitive products, selected customers and technology development. It also disclosed a withdrawal from unprofitable products. - FY2019RestatedAnnual report
「During the consolidated fiscal year, we began full-scale shipments of the narrow-bezel FULL ACTIVE™ LCD display and saw a recovery in revenue from the second half, although shipment volumes did not reach the level initially anticipated.」
The company reported full-scale shipments of FULL ACTIVE and a recovery in second-half revenue in the high-end segment, but shipment volumes fell short of initial expectations, indicating that the market-share recovery and expansion goal had not been fully achieved. - FY2019-Q3AdvancedAnnual report
「During the cumulative period, shipments of the narrow-bezel FULL ACTIVE™ LCD display increased substantially in the third quarter as customers launched high-end smartphones using narrow-bezel LCD displays.」
Shipments of narrow-bezel FULL ACTIVE displays for high-end smartphones increased substantially in the third quarter. However, mobile-sector revenue declined 25.3% year on year, and the company did not indicate full achievement of its market-share recovery and expansion goal. - FY2018-Q1RestatedAnnual report
「Sales to China increased year on year, partly as a result of recovering market share, but declined from the previous quarter because of inventory adjustments in the market and other factors.」
The company again reported that sales to China increased year on year as market share recovered. However, sales declined quarter on quarter because of inventory adjustments, and no new achievement metric was provided. - FY2017AdvancedAnnual report
「Sales to China increased, partly as a result of recovering market share.」
The company reported higher sales of smartphone displays to China, attributing the increase mainly to recovered market share. Overall mobile-sector revenue, however, declined 13.1% year on year. - FY2017-Q3RestatedAnnual report
「In China, the world’s largest smartphone market, the shift toward higher-resolution smartphone displays continued. Products equipped with Full HD (1080 × 1920 pixels) or higher-resolution displays posted strong growth, increasing demand for the high-resolution LCD displays in which our group specializes.」
Growth in demand for high-resolution displays was reconfirmed, but the company did not state that it had recovered or expanded its market share. - FY2017-Q2RestatedAnnual report
「Although the smartphone display market continued to grow, its growth rate moderated as smartphones became more widespread globally. Even so, products equipped with high-resolution displays continued to post strong growth, driven by end users replacing their existing devices with models featuring high-resolution displays.」
Demand for high-resolution displays remained strong. However, mobile-sector revenue declined 30.1% year on year during the period, and no specific achievement in recovering or expanding market share was indicated. - FY2016First statedAnnual report
「By leveraging our technological expertise, we aim to recover and expand our market share in displays for smartphones equipped with high-resolution, high-value-added high-end displays.」
The company stated its goal of recovering and expanding its share in the high-end smartphone segment by leveraging technologies such as high-resolution LTPS.