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Kyosan Electric Manufacturing (6742) · FactRising semiconductor demand alongside deferred FPD investmentLatest Revision of earnings forecasts (2026-08-07): "Reframed"

Growing Demand for Power Supply Equipment for Semiconductor and LCD Manufacturing Equipment

First written in FY2017-Q3. 12 of 36 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-07.

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How it moved
ProgressHeldSoftenedWorseRestatedFY2020-Q2 – FY20212017: 320172018: 420182019: 420192020: 420202021: 420212022: 320222023: 420232024: 320242025: 220252026: 52026
Same theme, other companies
Expansion of sales of materials related to semiconductor capital investmentA theme 3 companies write about · 0 as a headwind · 3 as a tailwind

0 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
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  1. FY2026Rising semiconductor demand alongside deferred FPD investmentAnnual report

    「Although order intake was affected by a decline following the large order received in the previous fiscal year for power supplies used in flat-panel display manufacturing equipment, orders for power supplies used in semiconductor manufacturing equipment exceeded the previous fiscal year due to increased demand from major customers. Revenue from power supplies used in semiconductor manufacturing equipment was broadly in line with the previous fiscal year, but overall revenue was below the previous fiscal year because end users' investment plans for power supplies used in flat-panel display manufacturing equipment were deferred to the following fiscal year and beyond.」

    Demand trends diverged by sector: demand from major customers increased for power supplies used in semiconductor manufacturing equipment, while FPD manufacturing equipment was affected by the反動 from large orders in the previous fiscal year and deferred investment plans.
  2. FY2026-H1Offsetting decline in FPD orders and increase in overseas semiconductor revenueAnnual report

    「Order intake was below the same period of the previous year due to the反動 from a large order received in the same period of the previous year for power supplies used in flat-panel display manufacturing equipment. Revenue exceeded the same period of the previous year because, although revenue from power supplies for flat-panel display manufacturing equipment declined, revenue from power supplies for semiconductor manufacturing equipment for overseas customers increased.」

    In the power electronics business, orders and revenue for power supplies used in FPD manufacturing equipment declined, while revenue from power supplies for semiconductor manufacturing equipment for overseas customers increased, resulting in divergent demand trends by sector.
  3. FY2025AdvancedAnnual report

    「Orders exceeded those of the previous fiscal year as the overall market recovery enabled orders for semiconductor manufacturing equipment power supplies to exceed the previous year's level, despite the memory market still being in the process of recovering, and as advance orders were received for flat-panel display manufacturing equipment power supplies. Sales exceeded those of the previous fiscal year because sales of semiconductor manufacturing equipment power supplies increased with the recovery in demand and sales of flat-panel display manufacturing equipment power supplies increased, mainly among overseas customers.」

    Against a backdrop of recovery across the overall market and demand for FPD products from overseas customers, power electronics order intake was ¥15,554 million and revenue was ¥14,239 million, with both exceeding the previous fiscal year.
  4. FY2025-H1AdvancedAnnual report

    「Orders exceeded those of the corresponding period of the previous year because, although orders for telecommunications equipment power supplies fell below the previous year's level, orders for semiconductor manufacturing equipment power supplies exceeded it as market conditions recovered, and advance orders for flat-panel display manufacturing equipment power supplies contributed. Sales also exceeded those of the corresponding period of the previous year, as sales of semiconductor manufacturing equipment power supplies increased with the recovery in demand for logic semiconductors and sales of flat-panel display manufacturing equipment power supplies increased, mainly among overseas customers.」

    Against a backdrop of recovering semiconductor market conditions, recovering demand for logic semiconductors, and demand related to FPDs from overseas customers, both orders and sales in the power electronics business exceeded those of the corresponding period of the previous year.
  5. FY2024Higher semiconductor orders alongside lower salesAnnual report

    「Although orders for power supplies for flat-panel display manufacturing equipment fell below those of the previous fiscal year, orders for power supplies for semiconductor manufacturing equipment exceeded the previous fiscal year's level despite the continuing adjustment in semiconductor market conditions, resulting in overall orders exceeding those of the previous fiscal year. Sales of both semiconductor and flat-panel display manufacturing equipment power supplies fell substantially below the previous fiscal year's level, mainly due to the impact of lower orders in the previous fiscal year.」

    Although orders for power supplies for semiconductor manufacturing equipment exceeded those of the previous fiscal year despite the adjustment, sales of both products declined due mainly to lower orders in the previous fiscal year. Sales in the power electronics business were ¥10,153 million, down ¥5,536 million from the previous fiscal year.
  6. FY2024-Q3Divergent orders amid the continuing semiconductor market adjustmentAnnual report

    「Orders for power supply equipment for telecommunications facilities were lower than in the same period of the previous year, and orders for power supply equipment for semiconductor manufacturing equipment were slightly lower because the semiconductor market remained in an adjustment phase. However, orders for power supply equipment for FPD manufacturing equipment exceeded the previous year because part of customers' capital investment plans shifted into the current period, resulting in an overall increase from the same period of the previous year.」

    Orders for power supplies for semiconductor manufacturing equipment declined slightly due to the adjustment in semiconductor market conditions, while orders for FPD manufacturing equipment increased as customer investment plans shifted, resulting in divergent demand trends within the business.
  7. FY2024-Q2WorsenedAnnual report

    「Orders for power supply equipment for telecommunications facilities remained at the same level as in the same period of the previous year, and orders for power supply equipment for FPD manufacturing equipment increased because part of customers' capital investment plans shifted into the current period. However, orders for power supply equipment for semiconductor manufacturing equipment were substantially lower because the semiconductor market remained in an adjustment phase, resulting in a substantial overall decline from the same period of the previous year.」

    The adjustment in semiconductor market conditions continued, and orders for power supplies for semiconductor manufacturing equipment fell substantially below those of the corresponding period of the previous year. Orders related to FPDs increased as customers' capital investment plans shifted into the current fiscal year, but overall orders declined.
  8. FY2024-Q1WorsenedAnnual report

    「Orders for telecommunications equipment power supplies remained at the same level as in the corresponding period of the previous year, while orders for flat-panel display manufacturing equipment power supplies increased because some customer capital investment plans shifted into the current fiscal year. However, orders for semiconductor manufacturing equipment power supplies continued to be affected by deteriorating semiconductor market conditions, causing overall orders to fall substantially below those of the corresponding period of the previous year.」

    Although orders increased as some FPD capital investment plans shifted into the current fiscal year, orders for power supplies for semiconductor manufacturing equipment remained weak due to deteriorating semiconductor market conditions, and the order environment in the power electronics business is deteriorating.
  9. FY2023WorsenedAnnual report

    「Orders fell substantially below those of the previous fiscal year because large orders for telecommunications equipment power supplies had run their course, power supplies for flat-panel display manufacturing equipment declined following advance orders in the previous fiscal year, and power supplies for semiconductor manufacturing equipment were affected by the rapid deterioration in semiconductor market conditions from the third quarter.」

    The rapid deterioration in semiconductor market conditions became apparent from the third quarter, and orders in the power electronics business were ¥11,334 million, down 40.2% from the previous fiscal year.
  10. FY2023-Q3WorsenedAnnual report

    「Total orders were substantially lower than in the same period of the previous year because capital investment in power supply equipment for telecommunications facilities was restrained, orders for power supply equipment for FPD manufacturing equipment declined following pull-forward orders in the previous fiscal year, and orders for power supply equipment for semiconductor manufacturing equipment fell below the previous year because of a temporary stagnation in semiconductor market conditions.」

    The order environment for power supplies related to semiconductors and FPDs deteriorated due to a temporary slowdown in semiconductor market conditions, the reversal of advance FPD orders, and restrained investment in telecommunications equipment.
  11. FY2023-Q1RestatedAnnual report

    「Although power supplies for semiconductor manufacturing equipment remained firm amid expanding semiconductor demand, overall orders fell below those of the corresponding period of the previous year because investment in telecommunications equipment was restrained and power supplies for flat-panel display manufacturing equipment experienced a decline following advance orders in the previous fiscal year.」

    While power supplies for semiconductor manufacturing equipment remained firm amid expanding semiconductor demand, overall orders fell below those of the corresponding period of the previous year due to restrained investment in telecommunications equipment and the reversal of advance orders received in the previous fiscal year.
  12. FY2022AdvancedAnnual report

    「Orders substantially exceeded those of the previous fiscal year as orders for power supplies for semiconductor and flat-panel display manufacturing equipment increased, driven by the recovery in semiconductor market conditions and spot projects. Sales exceeded those of the previous fiscal year as sales of power supplies for semiconductor manufacturing equipment increased alongside the recovery in semiconductor market conditions.」

    Driven by the recovery in semiconductor market conditions and spot projects, orders for power supplies for semiconductor and FPD manufacturing equipment increased. Orders were ¥18,942 million, up ¥4,126 million from the previous fiscal year.
  13. FY2022-Q3AdvancedAnnual report

    「Orders exceeded those of the corresponding period of the previous year as orders for power supplies for semiconductor and flat-panel display manufacturing equipment increased, driven by the recovery in semiconductor market conditions and spot projects. Sales also exceeded those of the corresponding period of the previous year as sales of power supplies for semiconductor manufacturing equipment increased alongside the recovery in semiconductor market conditions.」

    Against a backdrop of recovering semiconductor market conditions, orders for power supplies for semiconductor and FPD manufacturing equipment increased. Orders in the power electronics business were ¥13,852 million, up ¥2,896 million year on year.
  14. FY2022-Q2AdvancedAnnual report

    「Both power supplies for semiconductor manufacturing equipment and power supplies for FPD manufacturing equipment exceeded those of the corresponding period of the previous year, leaving overall performance at the same level as in the corresponding period of the previous year.」

    Both power supplies for semiconductor manufacturing equipment and power supplies for FPD manufacturing equipment exceeded those of the corresponding period of the previous year, improving the order environment for industrial equipment power supplies.
  15. FY2022-Q1AdvancedAnnual report

    「Both power supplies for semiconductor manufacturing equipment and power supplies for FPD manufacturing equipment exceeded those of the corresponding period of the previous year, leaving overall performance at the same level as in the corresponding period of the previous year.」

    Both power supplies for semiconductor manufacturing equipment and power supplies for FPD manufacturing equipment exceeded those of the corresponding period of the previous year, improving orders for industrial equipment power supplies year on year.
  16. FY2021RestatedAnnual report

    「Orders for telecommunications equipment power supplies fell below those of the previous fiscal year because large railway signalling projects had run their course. Although signs of a recovery in demand emerged for power supplies for semiconductor manufacturing equipment, orders for industrial equipment power supplies fell below those of the previous fiscal year due to restrained capital investment in flat-panel display (FPD) manufacturing equipment, among other factors.」

    The contrasting trends across fields continued, with signs of a recovery in demand for power supplies for semiconductor manufacturing equipment alongside continued restraint in capital investment in FPD manufacturing equipment.
  17. FY2021-Q3Signs of recovery in semiconductor demand alongside restrained FPD investmentAnnual report

    「Orders for telecommunications equipment power supplies fell below those of the corresponding period of the previous year because large railway signalling projects had run their course. Although signs of a recovery in demand emerged for power supplies for semiconductor manufacturing equipment, orders for industrial equipment power supplies fell below those of the corresponding period of the previous year due to restrained capital investment in FPD manufacturing equipment, among other factors.」

    Although signs of a recovery in demand emerged for power supplies for semiconductor manufacturing equipment, capital investment in FPD manufacturing equipment remained restrained, and orders in the power electronics business fell below those of the corresponding period of the previous year.
  18. FY2021-Q2RestatedAnnual report

    「Orders fell below those of the corresponding period of the previous year because large railway signalling projects for telecommunications equipment power supplies had run their course and capital investment in FPD manufacturing equipment was restrained. Sales exceeded those of the corresponding period of the previous year, supported by sales from outstanding orders for telecommunications equipment power supplies at the end of the previous fiscal year and the recovery of demand for semiconductor manufacturing equipment power supplies from the weakness of the previous fiscal year.」

    While capital investment in FPD manufacturing equipment remained restrained, demand for power supplies for semiconductor manufacturing equipment recovered from the weakness of the previous fiscal year, resulting in divergent trends across fields in orders and sales.
  19. FY2021-Q1RestatedAnnual report

    「Although sales of telecommunications equipment power supplies fell below those of the corresponding period of the previous year, sales of industrial equipment power supplies exceeded those of the corresponding period of the previous year as demand for power supplies for semiconductor manufacturing equipment recovered from the weakness of the previous fiscal year.」

    While capital investment in FPD manufacturing equipment remained restrained, demand for power supplies for semiconductor manufacturing equipment recovered from the weakness of the previous fiscal year, and sales of industrial equipment power supplies exceeded those of the corresponding period of the previous year.
  20. FY2020Recovery in semiconductor orders alongside continued FPD weaknessAnnual report

    「Orders for telecommunications equipment power supplies remained strong, mainly for railway operators, and orders for power supplies for semiconductor manufacturing equipment in the industrial equipment business exceeded those of the previous fiscal year. Although orders for power supplies for FPD manufacturing equipment declined, overall orders exceeded those of the previous fiscal year.」

    Orders for power supplies for semiconductor manufacturing equipment exceeded those of the previous fiscal year, while orders for power supplies for FPD manufacturing equipment declined, indicating divergent demand trends across fields.
  21. FY2020-Q3RestatedAnnual report

    「Orders for power supplies for industrial equipment fell below those of the corresponding period of the previous year due to stagnation in the FPD market, but orders for telecommunications equipment power supplies exceeded those of the corresponding period of the previous year as they remained strong, mainly for railway operators. Sales of telecommunications equipment power supplies exceeded those of the corresponding period of the previous year, supported by strong orders from the previous fiscal year, whereas sales of industrial equipment power supplies fell below the previous year's level due to restrained capital investment.」

    While stagnation in the FPD market and restrained capital investment in industrial equipment power supplies continued, telecommunications equipment power supplies remained strong, mainly for railway operators.
  22. FY2020-Q2RestatedAnnual report

    「Orders for power supplies for telecommunications equipment remained strong, mainly for railway operators, but orders for power supplies for industrial equipment fell below those of the corresponding period of the previous year due to the continuing adjustment in the FPD market. Sales of telecommunications equipment power supplies exceeded those of the corresponding period of the previous year, supported by strong orders from the previous fiscal year, whereas sales of industrial equipment power supplies fell below the previous year's level due to restrained capital investment in semiconductor and FPD manufacturing equipment.」

    The FPD market remained in an adjustment phase, and restrained capital investment in semiconductor and FPD manufacturing equipment caused orders and sales of power supplies for industrial equipment to fall below those of the corresponding period of the previous year.
  23. FY2020-Q1WorsenedAnnual report

    「Orders for power supplies for industrial equipment fell below those of the corresponding period of the previous year as the adjustment in the panel market continued, while orders for telecommunications equipment power supplies remained at the same level as in the corresponding period of the previous year, supported mainly by strong demand from railway operators. Sales of telecommunications equipment power supplies exceeded those of the corresponding period of the previous year, supported by strong orders from the previous fiscal year, whereas sales of industrial equipment power supplies fell below the previous year's level due to restrained capital investment in semiconductor and FPD manufacturing equipment.」

    The panel market remained in an adjustment phase, and restrained capital investment in semiconductor and FPD manufacturing equipment caused orders and sales of power supplies for industrial equipment to fall below those of the corresponding period of the previous year.
  24. FY2019WorsenedAnnual report

    「Orders for power supplies for telecommunications equipment remained firm, mainly for railway operators, but orders for power supplies for industrial equipment fell substantially below those of the previous fiscal year as capital investment in semiconductor and FPD manufacturing equipment was restrained amid an adjustment in the semiconductor memory and mobile device panel markets.」

    Capital investment was restrained due to the adjustment in the semiconductor memory and mobile device panel markets. Orders in the power electronics business were ¥14,656 million, down ¥6,812 million from the previous fiscal year.
  25. FY2019-Q3WorsenedAnnual report

    「Orders for power supplies for telecommunications equipment remained firm, mainly for railway operators, but orders for power supplies for industrial equipment fell below those of the corresponding period of the previous year due to adjustments to memory-related capital investment by semiconductor manufacturers and deferred capital investment in projects for small and medium-sized FPD manufacturing equipment, mainly for smartphones.」

    Following the previous quarter's disclosure of declining orders due to inventory adjustments and deferred capital investment, adjustments to memory-related investment by semiconductor manufacturers and deferred investment in small and medium-sized FPDs are putting further downward pressure on the order environment.
  26. FY2019-Q2WorsenedAnnual report

    「Orders for power supplies for telecommunications equipment remained firm, mainly for railway operators, but orders for power supplies for industrial equipment fell below those of the corresponding period of the previous year due to inventory adjustments affecting projects for semiconductor manufacturing equipment and deferred capital investment in projects for small and medium-sized FPD manufacturing equipment, mainly for smartphones. Sales exceeded those of the corresponding period of the previous year, supported by higher orders for telecommunications equipment power supplies and sales from outstanding orders for industrial equipment power supplies at the end of the previous fiscal year.」

    Orders in the power electronics business fell below those of the corresponding period of the previous year due to inventory adjustments affecting semiconductor manufacturing equipment projects and deferred capital investment in small and medium-sized FPD manufacturing equipment. Although outstanding orders at the end of the previous fiscal year contributed to sales, the disclosure has shifted from demand growth to deterioration in the order environment.
  27. FY2019-Q1AdvancedAnnual report

    「Orders exceeded those of the corresponding period of the previous year, as power supplies for telecommunications equipment remained firm, mainly for railway signalling projects, while capital investment by memory manufacturers continued and investment in large FPDs in China proceeded as planned.」

    Against a backdrop of continued capital investment by memory manufacturers and investment in large FPDs in China, orders in the power electronics business were ¥4,827 million, up ¥231 million year on year.
  28. FY2018AdvancedAnnual report

    「Orders substantially exceeded those of the previous fiscal year overall, as capital investment in memory and logic semiconductors, mainly for 3D NAND, continued to increase significantly for power supplies used in semiconductor manufacturing equipment, investment in FPD manufacturing equipment continued, and power supplies for railway signalling remained firm.」

    Against a backdrop of increased and continued capital investment in semiconductors and FPDs, orders in the electrical equipment business were ¥21,469 million and sales were ¥19,906 million, both substantially exceeding the previous fiscal year.
  29. FY2018-Q3AdvancedAnnual report

    「Capital investment in memory and logic semiconductors remained strong, investment in flat-panel displays continued, and power supplies for telecommunications equipment remained firm, mainly for railway companies. As a result, both orders and sales substantially exceeded those of the corresponding period of the previous year. Orders were ¥16,261 million, up ¥5,719 million year on year, and sales were ¥12,718 million, up ¥4,022 million year on year.」

    Against a backdrop of strong and continued capital investment in semiconductors and flat-panel displays, orders and sales in the electrical equipment business substantially exceeded those of the corresponding period of the previous year.
  30. FY2018-Q2AdvancedAnnual report

    「Capital investment in memory and logic semiconductors remained strong, and investment in flat-panel displays continued. In addition, power supplies for telecommunications equipment remained firm, mainly for railway companies, resulting in orders and sales substantially exceeding those of the corresponding period of the previous year. Orders were ¥10,748 million, up ¥4,146 million year on year, and sales were ¥7,527 million, up ¥2,195 million year on year.」

    Against a backdrop of strong and continued capital investment in semiconductors and flat-panel displays, orders and sales in the electrical equipment business exceeded those of the corresponding period of the previous year.
  31. FY2018-Q1AdvancedAnnual report

    「Power supplies for telecommunications equipment remained firm, mainly for railway signalling, while demand for power supplies for industrial equipment remained strong, with continued capital investment in memory and logic semiconductors and in flat-panel displays. As a result, both orders and sales substantially exceeded those of the corresponding period of the previous year. Orders were ¥4,595 million, up ¥1,103 million year on year, and sales were ¥3,810 million, up ¥1,326 million year on year.」

    Against a backdrop of strong and continued capital investment in semiconductors and flat-panel displays, orders and sales in the electrical equipment business exceeded those of the corresponding period of the previous year, indicating progress in actual demand.
  32. FY2017-Q3First statedAnnual report

    「Although demand for power supplies for telecommunications equipment remained at the same level as in the corresponding period of the previous year, demand for power supplies for industrial equipment increased substantially, driven by capital investment in advanced technologies by manufacturers of 3D NAND flash memory and logic semiconductors for semiconductor manufacturing equipment. Demand for power supplies for LCD panel manufacturing equipment also benefited from robust capital investment in China and South Korea, resulting in overall performance exceeding that of the corresponding period of the previous year.」

    Against a backdrop of capital investment in advanced semiconductor technologies and investment related to LCD panels in China and South Korea, demand for power supplies for industrial equipment increased, and orders and sales in the electrical equipment business exceeded those of the corresponding period of the previous year.
Moved together

"Business structure reform integrating technology, quality, costs and sales" moved the same way as this thread, in the same document, in 18 of its 36 moves.

1812121075★123456
  1. ★This thread
  2. 1Business structure reform integrating technology, quality, costs and sales18×
  3. 2Deterioration in Operating Cash Flow Due to Increased Inventories, etc., and Increase in Borrowings12×
  4. 3Demand Fluctuation and Technological Innovation Risks in the Semiconductor and FPD Industries12×
  5. 4Advancing a growth strategy centered on overseas expansion10×
  6. 5Dependence on a Specific Customer’s Capital Investment Plans and Replacement Demand7×
  7. 6Managing Funding Efficiency and Liquidity through CMS and Committed Credit Lines5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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No upcoming earnings preview for Kyosan Electric Manufacturing yet. It last moved in the Revision of earnings forecasts of 2026-08-07: "Reframed".
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Growing Demand for Power Supply Equipment for Semiconductor and LCD Manufacturing Equipment | Kyosan Electric Manufacturing Co.,Ltd. (6742) | Komori