Intensifying competition from OLED and Chinese and Taiwanese manufacturers
First written in FY2016. 22 of 32 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026-H1.
Japan Display moved to the "Worse" side of this theme in 2016, 9 years before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 6 of 10 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「In addition to the structural downturn in the display industry, the business environment surrounding the group remains challenging because of US tariff policies and an unstable international situation, among other factors.」
In addition to the traditional competitive risks arising from competition with overseas manufacturers and the shift to OLEDs, the company cited the display industry's structural downturn, US tariff policies and an unstable international situation as factors contributing to the difficult environment. - FY2025WorsenedAnnual report
「In the display industry, intense competition, persistently high energy costs, and continued cost inflation caused by higher material and processing costs have made the business environment increasingly difficult.」
In addition to competition risks arising from overseas manufacturers expanding production capacity and customers increasingly adopting OLED, the company stated that persistently high costs had made the business environment even more challenging. - FY2025-H1RestatedAnnual report
「For operating assets and shared assets, amid a continuing challenging competitive environment in the display industry due to expanded production capacity at overseas display manufacturers and broader adoption of OLED displays by customers, the carrying amount was reduced to the recoverable amount during the six-month period of the current fiscal year, mainly because the profitability of the LCD business had declined, with the resulting reduction amounting to ¥451 million」
The challenging competitive environment resulting from expanded production capacity at overseas manufacturers and broader customer adoption of OLEDs, together with declining profitability in the LCD business, continued. Impairment losses on operating assets and other assets amounted to ¥451 million. Although the impact of competitive risks remains, no new structural changes were disclosed. - FY2024WorsenedAnnual report
「Amid continued intense competition in the display industry, driven by factors including expanded production capacity at overseas display manufacturers and broader customer adoption of OLED displays, the company reduced the carrying amount of assets to their recoverable amount during the consolidated fiscal year, mainly because the profitability of its LCD business declined, and recorded the resulting ¥9,227 million reduction as an extraordinary loss.」
Amid continued competitive pressure driven by the expanding adoption of OLED and increased production capacity at overseas manufacturers, mainly the LCD business's declining profitability was reflected in the annual results as an impairment loss of ¥9,227 million. - FY2024-Q3WorsenedAnnual report
「In the display industry, the highly competitive environment continued against a backdrop of expanded production capacity at overseas display manufacturers and customers' expanded adoption of OLED displays. As the profitability of the LCD business declined mainly as a result, the carrying amounts of operating assets, goodwill, and shared assets were reduced to recoverable amounts during the cumulative third quarter of the consolidated fiscal year, and the resulting ¥9,227 million reduction was recorded as an extraordinary loss.」
Competitive pressure from expanded production capacity at overseas manufacturers and broader customer adoption of OLEDs continued, while declining profitability, mainly in the LCD business, materialised as impairment losses of ¥9,227 million. - FY2024-Q2WorsenedAnnual report
「Regarding operating assets, goodwill and shared assets, amid continued intense competition in the display industry due mainly to expanded production capacity at overseas display manufacturers and the increased adoption of OLED displays by customers, the company reduced their carrying amounts to recoverable amounts during the six months ended in the second quarter of the current fiscal year because profitability, mainly in the liquid crystal business, had declined. The amount of this reduction was ¥9,172 million」
Competitive pressure from expanded production capacity at overseas manufacturers and increased customer adoption of OLED continued, with lower profitability, mainly in the LCD business, emerging as an impairment loss of ¥9,172 million. - FY2023WorsenedAnnual report
「In the display industry, the highly competitive environment continued against a backdrop of expanded production capacity at overseas display manufacturers and customers' expanded adoption of OLED displays. As profitability declined, the carrying amount of operating assets was reduced to the recoverable amount, and the resulting ¥2,803 million reduction was recorded as an extraordinary loss.」
Competitive pressure continued as overseas manufacturers expanded production capacity and customers increasingly adopted OLED, while declining profitability of business-use assets emerged in the annual results as an impairment loss of ¥2,803 million. - FY2023-Q3WorsenedAnnual report
「In the display industry, the competitive environment remained severe against a backdrop of overseas display manufacturers expanding production capacity and customers increasing their adoption of OLED displays. As profitability declined, the company reduced the carrying value of the assets to their recoverable amount and recorded the resulting reduction of ¥1,209 million, mainly comprising ¥1,017 million in construction in progress, as an extraordinary loss.」
Competitive pressure continued against a backdrop of expanded production capacity at overseas manufacturers and greater adoption of OLED by customers, with the impact on business-use assets at the Mobara Plant and elsewhere emerging as an impairment loss of ¥1,209 million. - FY2023-Q2WorsenedAnnual report
「Because severe competition continued in the display industry, against a backdrop of expanded production capacity at overseas display manufacturers and greater adoption of OLED displays by customers, and profitability declined, the carrying amount of business-use assets was reduced to their recoverable amount. The resulting reduction of ¥1,202 million, mainly comprising ¥1,010 million in construction in progress, was recorded as an extraordinary loss.」
Competitive pressure continued due to expanded production capacity at overseas manufacturers and the growing adoption of OLED by customers, resulting in an impairment loss of ¥1,202 million on business assets including those at the Mobara Plant. - FY2023-Q1WorsenedAnnual report
「For operating assets, the Company reduced their carrying value to recoverable value and recorded the resulting ¥1,116 million decrease, mainly ¥924 million in construction in progress, as an extraordinary loss, as profitability declined amid continued intense competition in the display industry due to expanded production capacity at overseas display manufacturers and wider customer adoption of OLED displays.」
Continued competitive pressure from expanded production capacity at overseas manufacturers and wider customer adoption of OLED became evident in the form of an impairment loss of ¥1,116 million on operating assets including the Mobara Plant. - FY2022WorsenedAnnual report
「In the display industry, a challenging competitive environment has continued against a backdrop of expanded production capacity at overseas display manufacturers and wider customer adoption of organic EL (OLED) displays. Due to the resulting decline in profitability, the carrying amount of assets was reduced to their recoverable amount during the current consolidated fiscal year, and the resulting reduction of ¥3,296 million was recorded as an extraordinary loss.」
Competitive pressure from overseas manufacturers' expanded production capacity and customers' increased adoption of OLED was reflected in the full-year results as lower profitability and an impairment loss of ¥3,478 million. - FY2022-Q3WorsenedAnnual report
「Against a backdrop of wider adoption of OLED displays by major customers, a challenging competitive environment has continued. As the profitability of some production equipment declined, its carrying amount was reduced to the recoverable amount, and the resulting reduction of ¥756 million, primarily consisting of ¥387 million in leased assets, was recorded as an extraordinary loss.」
The challenging competitive environment resulting from the major customers' expanded adoption of OLED continued, and its impact became concrete in lower profitability of production equipment and an impairment loss of ¥756 million. - FY2022-Q1WorsenedAnnual report
「Against a backdrop of major customers' expanded adoption of OLED displays, the highly competitive environment continued and the profitability of some production facilities declined. The company therefore reduced their carrying amounts to recoverable amounts and recorded the resulting ¥350 million reduction as an extraordinary loss.」
The expanding adoption of OLED by major customers and the persistently challenging competitive environment materialized as declining profitability of production equipment and an impairment loss of ¥350 million. - FY2021-Q3WorsenedAnnual report
「During the first 9 months of the fiscal year, the operating environment surrounding the group remained difficult. Amid continued fierce competition in the small- and medium-sized display industry, orders for LCDs declined substantially as major customers, smartphone manufacturers, expanded their adoption of OLED displays.」
The company stated that fierce competition and the continued expansion of major customers' OLED adoption had caused a substantial decline in LCD orders. The impact of competitive risk became more concrete in the actual results. - FY2021-Q2RestatedAnnual report
「During the second-quarter cumulative period of the consolidated fiscal year, referred to below as the “cumulative period,” the operating environment surrounding the group remained challenging amid continued intense competition in the medium- and small-sized display industry, as well as the effects of the global spread of COVID-19 and US-China trade friction.」
Reiterated that severe competition in the small- and medium-sized display industry continues. The impact of COVID-19 and US-China trade friction were also cited as factors contributing to the challenging environment. - FY2021-Q1RestatedAnnual report
「The business environment surrounding the group became more challenging due to the continuing severe competition in the small- and medium-sized display business, together with a worldwide decline in consumption associated with the spread of COVID-19.」
The Company reiterated that severe competition in the small- and medium-sized display business continues. Although declining consumer spending due to COVID-19 was an additional factor, no new structural change in the competitive risk itself was disclosed. - FY2020WorsenedAnnual report
「In the high-end smartphone market, which is central to the company's business, the business environment has become increasingly challenging due to the growing adoption of OLED displays by smartphone-manufacturer customers, aggressive expansion by South Korean and Chinese manufacturers through low-priced OLED and LTPS LCD displays, and weaker consumer spending resulting from the spread of COVID-19.」
The company added wider OLED adoption, low-priced and expanded sales of OLED and LTPS products by Chinese and South Korean manufacturers, and the consumption slowdown caused by COVID-19 as factors worsening the competitive environment, and stated that market conditions had become increasingly difficult. - FY2020-Q3RestatedAnnual report
「The market for the small- and medium-sized display products developed, manufactured and sold by the Group continued to face a challenging business environment, due to stagnant growth in the smartphone market, the main application, the growing adoption of OLED displays by customers, and intensifying competition from emerging Chinese competitors.」
The filing stated that a challenging business environment continued, due to stagnant growth in the smartphone market, the expanding adoption of OLED by customers, and intensifying competition with Chinese manufacturers. - FY2020-Q1WorsenedAnnual report
「Chinese competing display manufacturers are intensifying their offensive as they rapidly catch up in technologies including OLED, and the competitive environment is becoming more intense.」
The company newly provided specific details on Chinese competing manufacturers' rapid catch-up and offensive initiatives in technologies including OLED, and stated that competition continues to intensify. - FY2019WorsenedAnnual report
「In addition, competition with other companies intensified, due to factors including expanded production by competing Chinese display manufacturers and increased adoption of OLED by smartphone manufacturers, and the challenging market environment continued.」
The expansion of production by Chinese competitors and the increasing adoption of OLED by customers continued to emerge as factors intensifying competition. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended 31 December, the small- and medium-sized display industry remained highly competitive, as overseas display manufacturers expanded production capacity and customers increasingly adopted organic EL (OLED) displays for smartphones.」
The Company stated that the challenging competitive environment resulting from expanded production capacity at overseas display manufacturers and increased customer adoption of OLED continued. - FY2019-Q2RestatedAnnual report
「In the small- and medium-sized display industry during the cumulative period of the second quarter, the competitive environment remained difficult against a backdrop of expanded production capacity among overseas display manufacturers, greater adoption of OLED displays by customers, and stagnant display demand due to slowing growth in the smartphone market.」
The company disclosed that the challenging competitive environment continued amid expanded production capacity at overseas manufacturers, increased customer adoption of OLED and stagnant demand. - FY2019-Q1RestatedAnnual report
「In the small- and medium-sized display industry during the first quarter of the current consolidated fiscal year, referred to below as “the quarter,” the competitive environment remained challenging, against a backdrop including expanded production capacity at overseas display manufacturers and wider adoption of organic EL (OLED) displays by customers.」
It was stated that a severe competitive environment continued, driven by overseas manufacturers' expansion of production capacity and broader customer adoption of OLED. - FY2018RestatedAnnual report
「In the small- and medium-sized display industry during the fiscal year under review, downward pressure on prices for smartphone displays intensified, against a backdrop of expanded production capacity among overseas manufacturers and increased adoption of organic EL (OLED) displays.」
The company reiterated the expansion of overseas manufacturers’ production capacity, broader adoption of OLED and downward pricing pressure as factors shaping the competitive environment. - FY2018-Q3WorsenedAnnual report
「During the nine-month period ended the third quarter, competition among display manufacturers intensified in the small- and medium-sized display industry, against a backdrop of expanded production capacity at overseas display manufacturers and increased market penetration of smartphones using OLED displays. This strengthened downward pressure on product prices in the smartphone display segment.」
The company specifically identified the expansion of overseas manufacturers’ production capacity and the penetration of OLED smartphones as factors intensifying competition, and stated that downward pricing pressure had strengthened. - FY2018-Q2WorsenedAnnual report
「Revenue for the China region declined from the same cumulative quarter of the previous year as manufacturers assessed changes to smartphone product designs, major customers adopted OLED in the high-end product segment, and competitors pursued aggressive pricing」
The adoption of OLED by major customers, aggressive pricing by competitors, and the assessment of product-design changes emerged as specific factors behind the decline in sales to China, and the competitive environment continued to have an impact. - FY2018-Q1WorsenedAnnual report
「In the small- and medium-sized display industry in which the company operates, competition is intensifying in the main smartphone display market due to the accelerating adoption of organic EL displays (OLED) and increased production capacity at Chinese display manufacturers.」
The company explicitly identified the accelerating adoption of OLED and increased production capacity at Chinese display manufacturers as factors intensifying competition, and disclosed that the competitive environment was becoming even more challenging. - FY2017WorsenedAnnual report
「The competitive environment has intensified due to reports that major handset manufacturers will adopt organic EL (OLED) displays, aggressive competition from Korean manufacturers' OLED displays, higher resolution products from competitors in China and Taiwan, and the launch of sixth-generation LTPS plants.」
The company described intensifying competition more broadly, including the accelerated adoption of OLED, higher resolutions among Chinese and Taiwanese competitors, and the ramp-up of sixth-generation LTPS plants. - FY2017-Q3RestatedAnnual report
「Although demand from customers in China has shown a marked recovery, sales declined compared with the cumulative period of the previous fiscal year’s corresponding quarter due to factors including intensified competition in the first half of the current cumulative period.」
While demand from Chinese customers continued to recover, the decline in sales caused by intensified competition during the first half of the cumulative period continued, and it was stated that there had been no material change in competitive risks. - FY2017-Q2WorsenedAnnual report
「In China, demand from Chinese customers showed a marked recovery as the end of the cumulative period approached, and production increased in preparation for higher sales in the second half of the fiscal year. However, sales for the cumulative period declined from the corresponding cumulative period of the previous fiscal year, particularly due to intensified competition in the first half.」
While demand from Chinese customers recovered and production volumes increased, sales to China decreased year on year due to intensified competition in the first half, and the impact of competitive risks continued. - FY2017-Q1WorsenedAnnual report
「Meanwhile, competition intensified in markets including China, with price declines among the developments observed.」
The disclosure stated that intensified competition accompanied by price declines was actually observed in China and other markets, indicating that competitive risks had materialized and become more serious. - FY2016First statedAnnual report
「In addition to aggressive competition from Korean manufacturers’ OLED displays, the competitive environment has intensified due to higher resolutions of products from Chinese and Taiwanese competitors and the ramp-up of sixth-generation LTPS, or low-temperature polysilicon, plants.」
In the core smartphone-display markets, the company identified OLED, higher resolution from Chinese and Taiwanese manufacturers, and the ramp-up of sixth-generation LTPS plants as competitive risks.