Slowing Market for the Electronic Chemicals Business, Centered on Smartphones
First written in FY2017-Q1. 12 of 31 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2026-H1.
Tamura moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2019: 10 of 16 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「In the Electronic Chemicals business, solder paste sales increased in line with rising material prices under a formula-based pricing system, in addition to firm automotive sales. Sales of solder resist for flexible printed circuit boards for smartphones were also strong.」
The risk of a slowdown in the Electronic Chemicals market was partially mitigated as smartphone solder resist sales, which had been weak through the previous fiscal year, became strong and automotive solder paste remained firm. - FY2025MitigatedAnnual report
「In the Electronic Chemicals business, automotive solder paste and solder resist for flexible printed circuit boards for smartphones remained firm.」
Demand for smartphone solder resist for flexible printed circuit boards changed from weak through the previous fiscal year to firm. Automotive solder paste was also described as firm. - FY2025-H1MitigatedAnnual report
「In the Electronic Chemicals business, automotive solder paste remained firm, while demand for solder resist for flexible printed circuit boards for smartphones increased. The weaker yen also contributed to higher sales and profit.」
The risk of a slowdown in the previously smartphone- and electronic-chemicals-centered market was partially mitigated as demand for smartphone solder resist increased and automotive solder paste remained firm. - FY2024-Q3WorsenedAnnual report
「In the Electronic Chemicals business, sales of solder paste and solder resist fell below the cumulative total for the same quarter of the previous year due to stagnation in the Chinese market and a delayed recovery in the semiconductor-related market.」
Stagnation in the Chinese market and the delayed recovery of the semiconductor-related market resulted in sales of both solder paste and solder resist falling below the cumulative total for the same period of the previous year. - FY2024-Q2WorsenedAnnual report
「In the Electronic Chemicals business, sales of solder paste and solder resist fell below the same period of the previous year due to stagnation in the Chinese market and weak information and communications demand, including smartphones and PCs, and semiconductor-related demand.」
Stagnation in the Chinese market and weak information and communications and semiconductor-related demand resulted in year-on-year revenue declines for both solder paste and solder resist. - FY2024-Q1WorsenedAnnual report
「In the Electronic Chemicals business, demand for automotive solder paste showed signs of recovery, but demand related to information and communications products, including smartphones and PCs, and demand related to semiconductors remained weak, resulting in lower sales of both solder paste and solder resist.」
While automotive solder paste demand showed signs of recovery, weak information and communications and semiconductor-related demand resulted in reported sales declines for both solder paste and solder resist. - FY2023ReframedAnnual report
「In the Electronic Chemicals business, sales increased due to firm solder paste sales, price revision efforts and the weaker yen. Solder resist was affected by production cuts by automotive-related customers and weak demand for flexible printed circuit boards for smartphones, but sales were on par with the previous fiscal year, partly due to the foreign exchange effect.」
While weak demand for smartphone solder resist continued, solder paste remained firm, highlighting the clear divergence between products within the Electronic Chemicals business. - FY2023-Q3RestatedAnnual report
「In the Electronic Chemicals business, firm solder paste sales and efforts to revise prices in response to a significant rise in the price of tin, the principal raw material, contributed to higher sales.」
Firm solder paste sales and continued efforts to revise prices in response to higher tin prices are supporting performance. - FY2023-Q2AdvancedAnnual report
「In the Electronic Chemicals business, solder paste sales remained firm, and adoption progressed in Chinese-brand EVs and other applications.」
In addition to the existing dependence on smartphones and other products, solder paste adoption progressed in Chinese-brand EVs and other applications, indicating an expansion in its applications. - FY2022MitigatedAnnual report
「Sales of electronic chemical materials, including solder paste and solder resist, remained firm as production activity in the electronics market recovered.」
Electronic chemical materials remained firm against a backdrop of recovering market production activity, partially mitigating the previously identified risk of a slowdown centered on smartphones and other products. - FY2022-Q3MitigatedAnnual report
「In the Electronic Chemicals business, sales of solder paste and solder resist remained firm as production activity in the electronics market recovered.」
Against a backdrop of recovering market production activity, sales of solder paste and solder resist remained firm, partially mitigating the risk of a market slowdown. - FY2022-Q1MitigatedAnnual report
「In the Electronic Chemicals business, sales of solder paste and solder resist remained firm, supported by the recovery in overall market production activity and stronger automotive-related demand.」
Against a backdrop of recovering overall market production activity and stronger automotive-related demand, sales of solder paste and solder resist remained firm, partially mitigating the risk of a slowdown in the Electronic Chemicals business. - FY2021MitigatedAnnual report
「As production activity in the Chinese market recovered, production of automotive solder paste and solder resist increased, while solder resist for flexible circuit boards used in smartphones also remained firm.」
Smartphone solder resist remained firm, showing a partial recovery from the previous delayed ramp-up and slowing demand. - FY2021-Q3AdvancedAnnual report
「Automotive solder paste and solder resist remained firm, while production of solder resist for flexible circuit boards used in smartphones increased toward early autumn.」
Automotive materials remained firm, while production of solder resist for smartphones increased toward early autumn, indicating a recovery after the market slowdown. - FY2021-Q2MitigatedAnnual report
「In the electronic chemicals business, sales generally declined due to the global contraction in production activity caused by the spread of COVID-19. However, production of solder resist for smartphones ramped up in earnest before summer, while solder paste for 5G base stations and data centers remained firm in China.」
Although overall sales continued to decline, the ramp-up of solder resist production for smartphones and the strength of products for 5G base stations and data centers in China were indicated, partly mitigating the market slowdown risk. - FY2021-Q1ReframedAnnual report
「Solder resist for smartphones ramped up later than usual, limiting its contribution to performance during the cumulative consolidated period. In China, the ramp-up after the Lunar New Year was delayed due to the impact of COVID-19, but solder paste for 5G base stations and data centers remained firm.」
While the delayed ramp-up and limited contribution of smartphone-related products continued, products for 5G base stations and data centers were said to remain firm, presenting a combination of smartphone-dependent weakness and strength in growth applications. - FY2020ReframedAnnual report
「Solder resist for flexible circuit boards used in 5G-related devices such as smartphones, and solder paste used in 5G base stations, remained relatively firm, but this was not enough to lift the performance of electronic chemicals materials overall.」
The description shifted from the previous reference to a sluggish smartphone-related market to a structure in which products for 5G devices and base stations remained relatively firm, but smartphone dependence persisted and could not lift overall performance. - FY2020-Q3WorsenedAnnual report
「In the electronic chemicals business, automotive solder paste, which had secured relatively stable sales against the backdrop of vehicle electrification and increased electronic content, has weakened somewhat amid the global slump in automobile sales. Production of solder resist for flexible circuit boards used in smartphones has also declined since early autumn due to seasonal fluctuations.」
Automotive solder paste weakened against the backdrop of the global slump in automobile sales, while production of solder resist for smartphones also declined from early autumn. - FY2020-Q2SoftenedAnnual report
「Although the electronics market as a whole remains in a difficult environment, high-reliability solder paste and solder resist for automotive applications and solder resist for smartphones are generally progressing in line with initial forecasts, albeit at lower levels than usual.」
Despite difficult market conditions, automotive materials and solder resist for smartphones were said to be progressing in line with initial forecasts, although at lower levels than usual, softening the previous quarter's description of a delayed ramp-up. - FY2020-Q1WorsenedAnnual report
「High-reliability solder paste and solder resist for automotive applications have remained firm against the backdrop of vehicle electrification and increased electronic content, but solder resist for smartphones is ramping up later than usual.」
While automotive materials remain firm, the ramp-up of solder resist for smartphones is later than usual, and the slowdown in smartphone-related business continues. - FY2019-Q3WorsenedAnnual report
「However, demand, particularly for smartphone-related products, has slowed sharply since the latter half of the third quarter, leaving the business environment ahead highly uncertain.」
Demand for smartphone-related products was said to have slowed sharply from the latter half of the third quarter, deepening the previous market slowdown risk into an actual deterioration in demand. - FY2019-Q2AdvancedAnnual report
「Solder resist for new smartphone models began ramping up earlier than usual and reached a production peak in the summer.」
Specific progress was shown from the ramp-up toward full-scale production noted in the previous quarter, including an earlier-than-usual ramp-up and a summer production peak. - FY2019-Q1MitigatedAnnual report
「In the electronic chemicals business, high-reliability solder paste and solder resist for automotive applications remained firm against the backdrop of vehicle electrification and increased electronic content, while solder resist for smartphones began ramping up toward full-scale production in the summer.」
In addition to the strength of automotive materials, solder resist for smartphones began ramping up toward full-scale production, indicating a partial recovery from the decline in production at the end of the previous fiscal year. - FY2018WorsenedAnnual report
「In the electronic chemicals business, sales of solder resist for flexible circuit boards surged from autumn, mainly in response to mass production of new smartphone models, but production declined from the beginning of the year as smartphone sales slowed.」
The business shifted from higher sales driven by new-model mass production through the third quarter to lower production from the beginning of the year as smartphone sales slowed. - FY2018-Q3MitigatedAnnual report
「In the electronic chemicals business, sales of solder resist for flexible circuit boards increased from autumn, mainly in response to mass production of new smartphone models, while high-reliability solder paste and other products for automotive applications remained firm.」
Sales of solder resist for smartphones increased in response to mass production of new models, easing the market slowdown risk from the weakness caused by inventory adjustments through the previous quarter. - FY2018-Q2MitigatedAnnual report
「The electronic chemicals business was somewhat weak through the first quarter due to inventory adjustments ahead of mass production of new smartphone models, but sales increased toward autumn as production of the new models ramped up.」
The business shifted from weakness caused by inventory adjustments through the first quarter to higher sales driven by the ramp-up of new models, easing the market slowdown risk in smartphone-related business. - FY2018-Q1WorsenedAnnual report
「In the electronic chemicals business, higher prices for metals used as raw materials became a factor weighing on profit. More recently, business remained weak due to inventory adjustments ahead of mass production of new smartphone models.」
Weakness in smartphone-related business caused by inventory adjustments before mass production of new models actually emerged, and a specific downside factor related to the market slowdown risk was identified. - FY2017RestatedAnnual report
「Solder resist for flexible circuit boards used in smartphones remained firm from the summer onward, while development progressed on high-reliability solder paste and solder resist for the automotive market as vehicle electrification advanced.」
Although the continued strength of solder resist for flexible circuit boards used in smartphones was noted, the business as a whole reported lower sales and earnings due to the stronger yen. - FY2017-Q3MitigatedAnnual report
「Production of solder resist for flexible circuit boards used in smartphones ramped up during the summer and progressed smoothly in the electronic chemicals business, while high-reliability materials for automotive applications also remained firm.」
The steady progress after the ramp-up of solder resist for smartphones and the firmness of automotive materials were indicated, partly mitigating the market slowdown risk. - FY2017-Q2RestatedAnnual report
「The electronic chemicals and assembly business generally lacked strength due to market stagnation and the stronger yen. Although production of solder resist for flexible circuit boards used in new smartphone models began to recover from the summer, and dual-reflow equipment for automobiles and smartphones remained relatively firm, net sales fell 8.6% year on year to ¥11,342 million and segment profit fell 21.9% to ¥1,253 million, resulting in lower sales and earnings.」
The effects of market stagnation and the stronger yen continued in the electronic chemicals and assembly business. At the same time, the description noted some improvement, with production of solder resist for new smartphone models beginning to recover. - FY2017-Q1First statedAnnual report
「The Electronic Chemicals business remained soft overall as smartphone-related products weakened year on year and the market slowed.」
Weakness in smartphone-related products and the market slowdown are reflected in actual weakness in sales.