Dependence on the small- and medium-sized display business and high-end smartphones
First written in FY2018-Q3. 16 of 27 entries say "Softened", first in FY2020. Latest entry: FY2026-H1.
Japan Display moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 5 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026-H1SoftenedAnnual report
「Displays for LCD smartphones, which the company had been strategically scaling back in preparation for withdrawal, declined to an extremely low level.」
Dependence on sales in the liquid-crystal smartphone segment fell to an extremely low level through strategic contraction. However, no standalone sales mix was shown for the current interim period because the sales categories had been consolidated. - FY2025SoftenedAnnual report
「Sales in the LCD smartphone field were ¥8,589 million, down 73.5% from the previous fiscal year. Its share of total sales fell from 13.6% in the previous fiscal year to 4.6%.」
Through strategic contraction, liquid-crystal smartphone sales declined to 4.6% of the sales mix, further reducing dependence on the mobile segment. At the same time, sales in that segment itself also fell sharply. - FY2025-H1SoftenedAnnual report
「Revenue from the liquid-crystal smartphone sector during the interim consolidated accounting period was ¥7,804 million, down 53.3% year on year. Its share of total revenue fell from 13.9% in the same period of the previous year to 7.6%.」
The sales mix of LCD smartphones fell to 7.6%, further reducing the numerical concentration of sales in small- and medium-sized displays and mobile applications. Meanwhile, sales in this field itself declined substantially as a result of the strategic scale-back. - FY2024SoftenedAnnual report
「Sales in the LCD smartphone segment for the fiscal year were ¥32,414 million, down 57.2% from the previous fiscal year, while its share of total sales fell from 28.0% in the previous fiscal year to 13.6%.」
The concentration of sales in the mobile and liquid-crystal smartphone segments declined to 13.6%. However, sales in those segments themselves fell sharply due to strategic contraction. - FY2024-Q3SoftenedAnnual report
「Sales in the LCD smartphone segment for the cumulative third quarter were ¥25,502 million, down 57.7% year on year. Its share of total sales fell from 29.0% in the same period of the previous year to 14.1%.」
The share of sales from liquid crystal smartphones fell to 14.1%, further weakening the numerical concentration of sales in mobile applications. However, the company indicated that it would continue production for the time being in the next fiscal year in response to customer requests. - FY2024-Q2SoftenedAnnual report
「Revenue in the LCD smartphone segment during the first 6 months of the fiscal year was ¥16,703 million, down 56.0% year on year. Its share of total revenue fell to 13.9% from 27.5% in the same period of the previous year.」
The sales mix of the liquid-crystal smartphone segment, corresponding to mobile, fell to 13.9%, indicating a further numerical decline in business concentration. - FY2024-Q1SoftenedAnnual report
「Revenue in the mobile segment for the first quarter was ¥8,062 million, down 48.7% year on year. Its share of total revenue declined to 15.2% from 27.5% in the same period of the previous year.」
The mobile segment's share of revenue fell to 15.2%, further reducing, numerically, the concentration of revenue in small- and medium-sized displays, particularly the mobile segment. Mobile revenue itself declined substantially. - FY2023SoftenedAnnual report
「Revenue in the mobile segment was ¥75,689 million, down 35.7% from the previous fiscal year, and its share of total revenue declined from 39.8% in the previous fiscal year to 28.0%.」
The concentration of revenue in the mobile field declined to 28.0%, indicating a relative reduction in business concentration. Meanwhile, mobile revenue itself declined substantially. - FY2023-Q3SoftenedAnnual report
「Sales in the mobile business were ¥60,301 million, down 31.5% year on year. Its share of total sales declined from 42.0% in the same period of the previous year to 29.0%.」
The mobile segment’s share of the sales mix declined to 29.0%, reducing the relative concentration of sales. Meanwhile, mobile revenue itself declined 31.5% year on year. - FY2023-Q1SoftenedAnnual report
「First-quarter sales in the mobile business, which includes displays for smartphones and tablets, were ¥15,728 million, down 47.8% year on year. Its share of total sales fell to 27.5% from 45.6% in the same period of the previous year.」
The mobile segment's share of revenue fell from 45.6% in the prior-year period to 27.5%, further reducing the relative concentration of revenue. Mobile revenue itself declined 47.8% year on year. - FY2022SoftenedAnnual report
「Revenue in the mobile field was ¥117,632 million, down 40.4% from the previous fiscal year, and accounted for 39.8% of total revenue.」
The mobile segment's share of sales fell from 57.8% in the previous fiscal year to 39.8%, relatively reducing the concentration of sales in small- and medium-sized displays, particularly mobile applications. - FY2022-Q3SoftenedAnnual report
「In this field, which includes displays for smartphones and tablets, sales of products for China increased due to higher shipment volumes and unit prices, while sales for Europe and the United States declined sharply as major customers expanded their adoption of OLED displays. Sales were ¥88,033 million, down 47.5% year on year. The share of total sales fell to 42.0% from 61.6% in the same period of the previous year.」
The mobile field's share of the revenue mix declined from 61.6% in the same period of the previous year to 42.0%, further reducing the group's relative dependence on mobile. Meanwhile, mobile revenue itself declined substantially due to wider OLED adoption. - FY2022-Q2SoftenedAnnual report
「Sales in the mobile segment, including displays for smartphones and tablets, fell 53.6% year on year to ¥62,162 million as demand for liquid-crystal displays continued to decline with major customers increasingly adopting OLED displays. The segment’s share of total sales fell to 45.1% from 67.1% in the same period of the previous year.」
The mobile sector's share of the revenue mix fell to 45.1% from 67.1% in the same period of the previous year, reducing the company's relative dependence on mobile products. Meanwhile, mobile-sector revenue fell 53.6% year on year as demand for LCDs continued to decline amid the major customers' increasing adoption of OLEDs. - FY2022-Q1SoftenedAnnual report
「Revenue in the mobile segment decreased 51.2% year on year to ¥30,107 million. Its share of total revenue fell to 45.6%.」
The mobile sector's share of revenue fell from approximately 70% in the previous fiscal year to 45.6%, indicating a relative decline in dependence on mobile products. However, revenue itself declined 51.2% year on year. - FY2021-Q3SoftenedAnnual report
「Sales in the mobile business, including displays for smartphones and tablets, totaled ¥167,729 million, accounting for 61.6% of total sales during the cumulative period. Sales during the cumulative period declined 38.2% year on year due to lower orders as major smartphone customers increased their adoption of OLED displays.」
The mobile segment's share of revenue declined from approximately 70% through the previous quarter to 61.6%, indicating relatively less concentration in the business. Meanwhile, mobile revenue declined 38.2% year on year. - FY2021-Q2RestatedAnnual report
「Due in part to declining demand resulting from the major customers' expanded adoption of OLED displays, revenue for the cumulative period fell 16.5% year on year.」
The mobile field accounted for 67.1% of total sales, down 16.5% year on year. The structure in which more than half of sales depends on the mobile field continues. - FY2021-Q1RestatedAnnual report
「Revenue in the mobile segment, including displays for smartphones and tablets, was ¥61,723 million, accounting for 70.1% of total revenue and increasing 15.0% year on year.」
The mobile segment accounted for 70.1% of total revenue, and the structure of relying on mobile for approximately 70% of revenue remained in place. Revenue increased year on year but fell short of the initial forecast. - FY2020SoftenedAnnual report
「At present, approximately 70% of the group's sales are products in the mobile segment, centred on smartphones, but competition in this segment is becoming increasingly intense.」
The mobile segment's share of sales fell from 73.3% in the previous fiscal year to 69.6% in the current fiscal year, indicating progress in portfolio transformation, although approximately 70% of sales still depended on mobile applications. - FY2020-Q3RestatedAnnual report
「Sales in the mobile segment during the cumulative period were ¥271,483 million, accounting for 70.0% of total sales and down 20.0% year on year.」
The company reaffirmed its concentration of business in the mobile segment, which accounted for 70.0% of revenue. Revenue declined 20.0% year on year. - FY2020-Q2RestatedAnnual report
「Sales in the mobile segment during the cumulative period totaled ¥160,523 million, up 24.2% from the same cumulative period of the previous year and representing 67.6% of total sales.」
The concentration of the business in the mobile segment, which accounted for 67.6% of sales, continued. Sales increased due to the start of shipments of major new products and customers’ advance purchases, although stagnating smartphone growth and pressure from Chinese competing manufacturers also continued. - FY2020-Q1RestatedAnnual report
「Revenue from the mobile sector was ¥53,683 million, accounting for 59.4% of total revenue, down 14.2% from the same quarter of the previous year and 57.9% from the previous quarter.」
The company reconfirmed that mobile accounts for more than half of its total sales. Mobile sales declined 14.2% year on year and 57.9% quarter on quarter. - FY2019RestatedAnnual report
「Mobile sales for the current consolidated fiscal year were ¥466,873 million, accounting for 73.3% of total sales and down 17.2% from the previous consolidated fiscal year.」
The company reconfirmed its structure of relying on small- and medium-sized displays, particularly the mobile segment, for most of its sales. The mobile segment accounted for 73.3%, while sales decreased 17.2% year on year. - FY2019-Q3RestatedAnnual report
「Revenue from the mobile field during the cumulative period under review was ¥339,406 million, accounting for 73.0% of total revenue, down 25.3% from the cumulative consolidated period of the same quarter of the previous year.」
Reconfirmed that the mobile segment accounted for 73.0% of total sales. Mobile sales declined 25.3% year on year, and the concentration of sales in small- and medium-sized displays, particularly mobile applications, continued. - FY2019-Q2RestatedAnnual report
「Revenue from the mobile segment during the cumulative period was ¥129,259 million, accounting for 60.3% of total revenue and down 57.0% from the same cumulative period of the previous year.」
The company reaffirmed that the mobile segment accounted for 60.3% of total sales. Mobile sales fell 57.0% year on year, indicating continued concentration in medium- and small-sized displays, particularly the mobile segment. - FY2019-Q1RestatedAnnual report
「Revenue from the mobile field in the quarter under review was ¥62,576 million, accounting for 60.6% of total revenue, down 58.9% year on year and 42.9% from the previous quarter.」
The mobile segment accounted for 60.6% of total revenue, reaffirming the concentration of the business in small- and medium-sized displays, particularly the mobile segment. Mobile revenue declined 58.9% year on year due to lower demand and other factors. - FY2018RestatedAnnual report
「The Group relies on sales of small- and medium-sized displays for the majority of its revenue, and focuses particularly on the manufacture and sale of high-performance, high-value-added small- and medium-sized displays featuring high resolution, wide viewing angles, low power consumption, thin and lightweight designs, and narrow bezels.」
The Company reiterated the risks associated with its concentration on small- and medium-sized displays, which account for most of its sales, and with the maturation of the high-end smartphone market and expansion of the low-end segment. - FY2018-Q3First statedAnnual report
「The Group relies on sales of small- and medium-sized displays for the majority of its revenue, and focuses particularly on the manufacture and sale of high-performance, high-value-added small- and medium-sized displays featuring high resolution, wide viewing angles, low power consumption, thin and lightweight designs, and narrow bezels.」
The Company explicitly identified its reliance on small- and medium-sized displays for most of its sales as a business concentration risk. It also stated that the high-end market might fail to expand as anticipated due to the maturation of the premium smartphone market and the expansion of low-priced smartphones in emerging markets.