Slowing Growth in the Smartphone Market and Rising Dependence
First written in FY2016. 10 of 32 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Suzuki moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2023: 5 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In the Group, demand increased for the components segment's core smartphone-related and semiconductor-related components, while demand for industrial equipment also showed signs of recovery.」
The disclosure notes increased demand for smartphone-related and semiconductor-related components and a recovery trend in industrial equipment, indicating that the risk of market slowdown is improving. - 2026-08-10MitigatedRevision of earnings forecasts
「Demand for smartphone-related and semiconductor-related components increased, while demand for components for industrial machinery entered a recovery trend. Automotive electrical components also remained solid, resulting in higher sales and profit compared with the previous fiscal year.」
Market conditions for smartphone-related, semiconductor-related, industrial machinery and automotive electrical components improved or remained solid. The disclosure does not state that market concentration risk has disappeared. - FY2026-H1MitigatedAnnual report
「Within the Group, demand for the mainstay smartphone-related and automotive-application components in the Components segment increased, while industrial equipment applications and semiconductor-related components also entered a recovery trend.」
For the major component markets, which had been described in the previous interim period as generally firm or in recovery, the statement notes increased demand for smartphone-related and automotive-application components and a recovery trend in industrial equipment and semiconductor-related components. The risk of a slowing market is shifting toward improvement, but the structural risk of market dependence is not stated to have disappeared. - FY2025MitigatedAnnual report
「Within the Group, the mainstay smartphone-related components in the Components segment remained firm, semiconductor-related components and industrial equipment applications entered a gradual recovery trend, and automotive electrical components performed generally in line with plan.」
Semiconductor-related and industrial equipment applications, which had previously been described as unclear or sluggish, entered a gradual recovery trend, and automotive electrical components also returned generally to plan. The disappearance of market-dependence risks itself was not stated. - FY2025-H1Smartphones were generally firm, the outlook for recovery in semiconductor-related applications was unclear, industrial equipment applications were recovering, and automotive electrical applications were sluggish.Annual report
「Within the Group, the mainstay smartphone-related components in the Components segment were generally firm, but the outlook for a full-fledged recovery in semiconductor-related components remained unclear. Industrial equipment applications entered a gradual recovery trend, while automotive electrical components were sluggish because demand declined.」
Smartphone-related components were generally firm, while the outlook for recovery in semiconductor-related components remained unclear and industrial equipment applications were recovering. Demand conditions were diverging, with automotive electrical components affected by declining demand. - FY2024Smartphone demand improved from May, industrial equipment and semiconductor-related applications remained stalled, and automotive electrical applications remained firm.Annual report
「Although the mainstay smartphone-related components in the Components segment lacked strength overall, demand improved from May. Recovery in components for industrial equipment and semiconductor-related applications was slower than expected, leaving demand stalled. Demand for automotive electrical components, meanwhile, remained firm.」
Smartphone-related components lacked strength overall but improved from May, while the delayed recovery in industrial equipment and semiconductor-related components continued. Automotive electrical components were described as firm. - FY2024-Q3Smartphone and automotive applications remained firm, while industrial equipment and semiconductor-related applications showed signs of recovery but remained stalled.Annual report
「Components for electronic equipment were sluggish because recovery in industrial equipment and semiconductor-related components was delayed, although smartphone-related components and automotive-application components remained firm. Demand for components for automotive electrical applications increased and remained strong, resulting overall in higher sales but lower profit year on year.」
Smartphone-related components, which had been described as stagnant or struggling in the previous quarter, turned firm, while the delayed recovery in industrial equipment and semiconductor-related components continued. Demand for automotive electrical components increased and remained strong, indicating divergent demand conditions by field. - FY2024-Q2WorsenedAnnual report
「Within the Group, the Molds segment was generally sluggish and centered mainly on molds for in-house production. In the Components segment, recovery in components for industrial equipment and semiconductor-related applications was slower than expected, and demand remained stalled. Demand for automotive electrical components, however, increased and remained strong.」
While the delayed recovery in industrial equipment and semiconductor-related components continued, smartphone-related components, which had been generally firm through the previous quarter, also showed signs of stagnation, broadening the areas affected by slowing demand. Demand for automotive electrical components, however, increased and was described as strong. - FY2024-Q1Smartphones were generally firm, recovery in industrial equipment and semiconductor-related applications was delayed, and automotive electrical applications performed strongly.Annual report
「Within the Group, the mainstay smartphone-related components in the Components segment were generally firm, although recovery in components for industrial equipment and semiconductor-related applications was slower than expected. Demand for automotive electrical components increased and remained strong.」
Smartphone-related components were generally firm, while the delayed recovery in industrial equipment and semiconductor-related components continued. Automotive electrical components turned to increased demand and strong performance. - FY2023Some demand recovered, while demand for industrial equipment and automotive electrical applications recovered after an adjustment.Annual report
「Although the mainstay smartphone-related components in the Components segment lacked strength overall, demand turned upward from May. Orders for components for industrial equipment and automotive electrical components underwent a major adjustment from the beginning of the year, but automotive electrical components turned to a recovery trend from May.」
Smartphone-related components remained sluggish but improved from May, and automotive electrical components also shifted from an adjustment phase to a recovery trend. Components for industrial equipment, however, underwent an adjustment, indicating that demand conditions were uneven. - FY2023-Q3WorsenedAnnual report
「Within the Group, the mainstay smartphone-related components in the Components segment remained sluggish, while orders for components for industrial equipment and automotive electrical components, which had been strong through the cumulative second-quarter period, entered an adjustment trend in the third quarter.」
In addition to sluggish smartphone-related components, components for industrial equipment and automotive electrical components, which had been strong through the cumulative second-quarter period, entered an adjustment trend in the third quarter, broadening the areas affected by slowing demand. - FY2023-Q2WorsenedAnnual report
「Although demand for smartphone-related components declined, strong performance by components for industrial equipment and automotive applications increased overall production efficiency. Components for automotive electrical applications also remained firm.」
Demand for smartphone-related components was described as having deteriorated from the previous quarter's "signs of stagnation," indicating that the risk of a slowing market is becoming more pronounced. Components for industrial equipment and automotive applications, as well as automotive electrical components, were described as strong or firm. - FY2023-Q1MaterialisedAnnual report
「Although demand for the mainstay smartphone-related components in the Components segment showed signs of stagnation, electronic components for industrial equipment and automotive applications performed strongly, and automotive electrical components entered a recovery trend.」
Demand for smartphone-related components showed signs of stagnation, and the risks associated with slower market growth and dependence continued to materialize in the results. Components for industrial equipment and automotive applications, however, were reported to be strong. - FY2022-Q3MaterialisedAnnual report
「Components for electronic equipment saw demand for smartphone-related components decline from October onward, while demand for industrial equipment remained strong and automotive electrical components remained firm.」
Although the decline in demand for smartphone-related components continued in the results, electronic components for industrial equipment were strong and automotive electrical components were firm. - FY2022-Q2MaterialisedAnnual report
「Components for electronic equipment saw demand for smartphones and wearables decline from October onward, while demand for industrial equipment remained strong and components for automotive electrical applications remained firm.」
Demand for smartphones and wearables declined from October onward, and the risk of a slowing market materialized in the results. Demand for industrial equipment was strong, while demand for automotive electrical applications remained firm. - FY2021-Q3RestatedAnnual report
「Within the Group, demand for the mainstay smartphone-related components and automotive electrical components in the Components segment remained strong.」
Demand for smartphone-related components and automotive electrical components remained strong, but no material changes were identified in business and other risks, so recognition of the structural risks associated with market concentration and dependence continues. - FY2021-Q2MitigatedAnnual report
「Within the Group, demand for the mainstay smartphone-related components in the Components segment remained strong, and demand for automotive electrical components recovered to pre-pandemic levels.」
Demand for smartphone-related components remained strong, and demand for automotive electrical components also recovered to pre-pandemic levels. The short-term deterioration in market demand improved from the previous quarter, but there is no statement that the structural risks associated with market concentration and dependence have been eliminated. - FY2020RestatedAnnual report
「Demand for smartphone-related components, the mainstay of the electronic components business, remained solid, although the global market is contracting.」
The statement identifies both near-term resilience in component demand and the structural risk of a contracting global smartphone market. - FY2020-Q3RestatedAnnual report
「Within the Group, demand for the mainstay smartphone-related components in the Components segment remained solid, while automotive electrical components entered a slowing trend.」
Demand for smartphone-related components remained solid, while automotive electrical components entered a slowing trend. The risks associated with dependence on the smartphone market itself are said to involve no material changes in business and other risks. - FY2020-Q2MitigatedAnnual report
「Components for electronic equipment exceeded plan as demand for smartphone-related components came in above expectations, while components for automotive electrical applications lacked strength because of the slowdown in the Chinese economy.」
Demand for smartphone-related components exceeded plan in the quarter and improved from the sluggish trend seen up to the previous quarter. Automotive electrical components, however, were affected by the slowdown in the Chinese economy, and there is no statement that market-dependence risks have been eliminated. - FY2020-Q1MaterialisedAnnual report
「Within the Group, demand for the mainstay smartphone-related components in the Components segment remained sluggish without gaining momentum, while momentum in automotive electrical components slowed.」
Weak demand for smartphone-related components has continued, and momentum in automotive electrical components has also slowed. The risks associated with slower smartphone market growth and reliance on the market have materialized in the results. - FY2019MaterialisedAnnual report
「The electronic components industry to which the Group belongs lacked strength overall, mainly because of the contraction of the global smartphone market.」
The contraction of the smartphone market was reflected in the full-year results as a lack of strength across the industry. - FY2019-Q3MaterialisedAnnual report
「Within the Group, demand for the mainstay smartphone-related components in the Components segment declined and remained sluggish, although automotive electrical components were firm.」
The decline in demand for smartphone-related components also materialized in the cumulative third-quarter period, and performance remained sluggish. Automotive electrical components, however, remained firm. - FY2019-Q2MaterialisedAnnual report
「Within the Group, demand for the mainstay smartphone-related components in the Components segment remained sluggish, although automotive electrical components were firm.」
Demand for smartphone-related components remained sluggish without gaining momentum, and the risk of a slowing market has also materialized in the cumulative second-quarter period. - FY2019-Q1MaterialisedAnnual report
「Components for electronic equipment fell below plan as demand for smartphone-related components remained weaker than expected, resulting in year-on-year declines in segment sales and profit.」
Demand for smartphone-related components fell short of expectations, and the risk of a slowing market materialized in the form of lower components-segment sales and profit. - FY2018RestatedAnnual report
「Although growth in the smartphone market is expected to slow, the market is forecast to remain at a certain level going forward, and the Group expects price competition to intensify further.」
We continue to recognize the risks of slower smartphone market growth and intensifying price competition. In terms of results, orders for smartphone components are stated to have exceeded the previous year's level. - FY2018-Q3MaterialisedAnnual report
「In the core Components segment, orders for smartphone components exceeded forecasts despite some signs of slowing, while components for automotive electrical systems also performed steadily.」
Some slowing in demand for smartphone components was observed. However, orders exceeded forecasts, and components for automotive electrical systems also performed steadily. - FY2018-Q1RestatedAnnual report
「In particular, in the Components segment, the Group secured stable orders because of strong demand for smartphone components and firm performance in components for automotive electrical systems.」
Demand for smartphone components was strong during the quarter, but the Group disclosed that there had been no material changes in business or other risks, and continued to recognise the risks associated with market concentration and dependence. - FY2017-Q3RestatedAnnual report
「In the electronic components industry in which the Group operates, growth in the smartphone market is expected to slow, but the market is forecast to remain at a certain level going forward, including demand in China. Concentration and dependence on the market are increasing, and price competition is expected to intensify further.」
The Group continues to recognise the risks of slowing growth in the smartphone market, concentration on and dependence on that market, and intensifying price competition. - FY2017-Q2RestatedAnnual report
「In the electronic components industry in which the Group operates, growth in the smartphone market is expected to slow, but the market is forecast to remain at a certain level going forward, including demand in China. Concentration and dependence on the market are increasing, and price competition is expected to intensify further.」
During the quarter, demand for smartphones was relatively strong year on year, while the Group maintained its recognition of the risks of slowing growth, market concentration and rising dependence. - FY2017-Q1MaterialisedAnnual report
「Orders and sales in the electronic equipment-related business both declined because demand for new smartphone products did not develop as expected and the overseas consolidated subsidiaries also performed poorly.」
Demand for new smartphone products fell short of expectations, resulting in declines in orders and sales in the electronic equipment-related business. - FY2016First statedAnnual report
「Although growth in the smartphone market is expected to slow, the market is forecast to remain at a certain level going forward. Concentration and dependence on the market are increasing, and price competition is expected to intensify further.」
The Group recognises concentration on and dependence on the smartphone market, as well as slowing growth, as risks.