Business Cycle Fluctuations in the Electronic Components Industry
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2020.
Suzuki moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 41 of 56 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「The electronic components industry to which the Group belongs is said to experience significant fluctuations between booms and downturns as a result of market conditions. Unexpected fluctuations, such as the semiconductor recession in the past, or events that sharply weaken economic activity, such as the global COVID-19 pandemic, could affect the Group's performance and future business development.」
In addition to conventional business cycle risks, the statement identifies a sharp deterioration in economic activity caused by COVID-19 as a specific external risk. - FY2020-Q3WorsenedAnnual report
「Although the economy, which had been in recession because of a slowdown in personal consumption following the consumption tax increase and the impact of US-China trade friction, showed signs of returning gradually to a recovery path led by domestic demand, the downside risk to the economy rose rapidly as the COVID-19 pandemic spread.」
The statement notes that, although there were signs of an economic recovery, the downside risk to the economy rose rapidly as COVID-19 spread. - FY2019RestatedAnnual report
「The electronic components industry to which the Group belongs is said to experience significant fluctuations between booms and downturns as a result of market conditions.」
The Group has reaffirmed the risk of performance fluctuations caused by market cycles in the electronic components industry. - FY2018RestatedAnnual report
「The electronic components industry to which the Group belongs is said to experience significant fluctuations between booms and downturns as a result of market conditions.」
The Group has reaffirmed the risk of performance fluctuations caused by business cycles in the electronic components industry. - FY2017-Q1RestatedAnnual report
「To reduce the risk of exposure to the business cycle in the electronic components industry in which the Group operates, we will seek to expand business opportunities in new fields as a means of creating new value.」
The Group continues to recognize the risk of an impact from booms and downturns in the electronic components industry and seeks to mitigate it by expanding into new fields. - FY2016First statedAnnual report
「The electronic components industry to which the Group belongs is said to experience frequent fluctuations between booms and downturns in line with the semiconductor industry's business cycle, known as the silicon cycle.」
The Group anticipates an impact on performance and business development from the semiconductor business cycle and economic downturns.