Risk of business performance fluctuations due to weak semiconductor demand
First written in FY2016. 11 of 36 entries say "Restated". Latest entry: 2026-08-07.
Japan Electronic Materials moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2023: 43 of 66 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「Uncertainty persisted owing to the impact of the situation in the Middle East, rising prices, and volatility in the financial and capital markets.」
The company continues to identify the situation in the Middle East, rising prices, and volatility in the financial and capital markets as sources of uncertainty. - FY2026RestatedAnnual report
「The semiconductor market, our Group's principal business area, continued to see strong demand for advanced semiconductors, including those for data centers, image-processing semiconductors for generative AI and high-bandwidth memory (HBM).」
Although demand for advanced semiconductors, including data-center products, image-processing semiconductors for generative AI and HBM, was strong, the business and other risk disclosures continued to cite recession risks arising from US trade policy and volatility in financial and capital markets. - FY2026-H1RestatedAnnual report
「The semiconductor market, our Group's principal business area, remained characterized by delayed recovery in demand for smartphones, automobiles and other applications, while demand for advanced semiconductors, including image-processing semiconductors and high-bandwidth memory (HBM) for generative AI, served as a driver.」
The company continued to report a divergence in demand by application, with demand for image-processing semiconductors and HBM for generative AI serving as a driver while recovery in demand for smartphones and automobiles remained delayed. - FY2025WorsenedAnnual report
「If global recession risks, including the impact of US trade policy and increased volatility in financial and capital markets, affect the semiconductor and probe-card markets, they may affect the Group's operating results and financial condition.」
Demand for image-processing semiconductors and HBM for generative AI grew, while recovery in automobiles, industrial equipment and other areas was delayed. The risk disclosures explicitly cited US trade policy and volatility in financial and capital markets. - FY2025-H1Growing demand for generative AI and weak demand for smartphones and automobilesAnnual report
「The semiconductor market, our Group's principal business area, presented mixed conditions, with demand for generative AI expanding while demand for smartphones and automobiles remained weak.」
Although demand for generative AI expanded, weak demand for smartphones and automobiles continued, indicating divergence in semiconductor demand by application. - FY2024-Q3RestatedAnnual report
「Although signs of a recovery in demand emerged in some areas, including automobiles undergoing electrification and generative AI, the semiconductor market overall remained challenging. Against the backdrop of the unresolved risk of a global economic recession, inventory adjustments by semiconductor manufacturers and restraints on capital investment continued due to weak demand for smartphones and PCs.」
Although signs of a recovery in demand emerged in automobiles and generative AI, weak demand for smartphones and PCs, inventory adjustments by semiconductor manufacturers and restraints on capital investment continued, leaving overall conditions challenging. quantified was false, and materialized was true. - FY2024-Q2WorsenedAnnual report
「Although signs of a recovery in demand emerged in some areas, including automobiles undergoing electrification and generative AI, for which demand was rising rapidly, the semiconductor market overall remained challenging. Against the backdrop of the unresolved risk of a global economic recession, production adjustments centered on memory products continued due to weak demand for smartphones and PCs, while capital investment was substantially reduced from the previous year.」
Although signs of a recovery in demand emerged in automobiles and generative AI, the company cited continued weak demand for smartphones and PCs, ongoing production adjustments centered on memory products and substantial reductions in capital investment, indicating that downside factors associated with semiconductor demand volatility continued. quantified was false because there were no specific figures. materialized was true because production adjustments and capital investment cuts were explicitly reported. - FY2024-Q1MaterialisedAnnual report
「Although supply conditions for automotive semiconductors were moving toward normalization, the market contracted amid the unresolved risk of a global economic recession, as demand for semiconductors used in smartphones, PCs and data centers weakened. Production adjustments by semiconductor manufacturers also continued.」
The company explicitly cited weaker demand for semiconductors used in smartphones, PCs and data centers, market contraction and production adjustments. Against the backdrop of weak performance by probe cards for memory products, consolidated net sales came to ¥4,137 million, down 3.6% year on year. - FY2023-Q3WorsenedAnnual report
「Demand for semiconductors used in smartphones and PCs cooled, leading to production adjustments, while the recent growth in semiconductor manufacturing equipment also slowed. In addition, the United States strengthened export controls to China covering advanced semiconductors and other products, and a cautious stance toward capital investment, particularly for memory ICs, emerged, leaving the outlook uncertain.」
Cooling demand for semiconductors used in smartphones and PCs materialized in the form of production adjustments, while slowing growth in semiconductor manufacturing equipment, tighter export controls to China and a more cautious stance toward capital investment for memory ICs emerged as new downside factors. - FY2023-Q2WorsenedAnnual report
「In the semiconductor market, our Group's principal business area, supply conditions for automotive semiconductors, where supply and demand had been tight, gradually moved toward normalization. Meanwhile, the outlook remained uncertain for semiconductors used in smartphones and PCs as demand cooled due to the economic slowdown and other factors.」
Although supply conditions for automotive products moved toward normalization, the company explicitly noted cooling demand for smartphones and PCs. Demand for memory ICs used in data centers also weakened, resulting in lower revenue in the semiconductor test components business. - FY2023-Q1WorsenedAnnual report
「Although supply and demand for automotive semiconductors remained tight, demand for semiconductors used in smartphones and PCs showed signs of slowing, resulting in differing demand conditions by end product. Against this backdrop, sales for the cumulative consolidated first quarter period fell below those of the same quarter a year earlier. Although demand for non-memory products remained solid, products for memory ICs, for which demand had been extremely strong both in Japan and overseas during the same quarter a year earlier, performed weakly due in part to weaker demand for smartphones and PCs caused by the impact of China's lockdowns.」
Although the supply-demand imbalance for automotive products remained unresolved, sales in the semiconductor test components business fell 10.9% year on year due to slowing demand for smartphones and PCs and the impact of China's lockdowns. Fluctuations in semiconductor demand by product segment were reflected in the results. - FY2022WorsenedAnnual report
「If the global economic slowdown, supply-chain disruptions caused by the spread of COVID-19, impacts on the supply and prices of raw materials resulting from the worsening situation in Ukraine, or longer lead times for manufacturing equipment due to semiconductor shortages affect the semiconductor and probe-card markets, they may affect the Group's operating results and financial condition.」
In addition to the existing risk of volatility in semiconductor demand, the company listed supply-chain disruptions, the situation in Ukraine, raw-material supply and prices, and longer lead times for manufacturing equipment as downside factors. - FY2022-Q2RestatedAnnual report
「The semiconductor market, our Group's principal business area, remained firm, particularly for data centers.」
The semiconductor market was described as remaining firm, particularly for data centers, and the risk of weak demand remained eased from the adjustment phase through the previous fiscal year. The impact of semiconductor shortages on production was cited as a separate risk. - FY2022-Q1MitigatedAnnual report
「The semiconductor market, our Group's principal business area, remained firm across a broad range of fields, including PCs, data-center-related equipment, automobiles and consumer electronics. In addition to further progress in the use of IoT and AI and the spread of 5G, semiconductor manufacturers continued to invest in capital expenditure against the backdrop of recent growth in semiconductor demand.」
The semiconductor market remained firm across a broad range of fields, including PCs, data-center-related equipment, automobiles and consumer electronics, and the company described the risk of weak semiconductor demand as having eased from the previous fiscal year. - FY2021MitigatedAnnual report
「The semiconductor market, our Group's principal business area, remained firm due to increased demand for PCs, data-center-related equipment and game consoles resulting from the expansion of working from home and stay-at-home demand associated with lifestyle changes. In addition, semiconductor manufacturers' appetite for capital investment strengthened in anticipation of further progress in the use of IoT and AI and the spread of 5G.」
Although the impact of COVID-19 remained, the company cited stay-at-home demand, increased demand for data-center-related equipment and other products, and stronger appetite for capital investment, indicating that the risk of weak semiconductor demand had eased from the adjustment phase through the previous fiscal year. - FY2021-Q3MitigatedAnnual report
「The semiconductor market, our Group's principal business area, remained firm, supported by increased demand for PCs, data-center-related equipment and game consoles due to the expansion of working from home and lifestyle changes that generated stay-at-home demand. In addition, semiconductor manufacturers' appetite for capital investment showed signs of improvement, in anticipation of further progress in the use of IoT and AI and the spread of fifth-generation mobile communications systems (5G).」
The company cited increased demand for PCs, data-center-related equipment and game consoles, as well as improved appetite for capital investment among semiconductor manufacturers, and described the risk of weak demand as having eased further from the adjustment phase through the previous quarter. Separately, it noted the challenging economic environment caused by the resurgence of COVID-19. - FY2021-Q2MitigatedAnnual report
「Although the semiconductor market, our Group's principal business area, was partly affected by the stagnation of global economic activity resulting from the spread of COVID-19 and by US-China trade tensions, it remained on a recovery trend against the backdrop of data-center-related investment driven by increased internet use, including the expansion of teleworking and online classes and video-streaming services for films and music.」
Although the market was partly affected by COVID-19 and US-China trade tensions, the semiconductor market was described as being on a recovery trend against the backdrop of data-center-related investment. The risk of weak demand remains, but the shift from the adjustment phase through the previous year toward recovery has continued. - FY2021-Q1MitigatedAnnual report
「Although the semiconductor market, our Group's principal business area, was partly affected by the stagnation of global economic activity resulting from the spread of COVID-19, it remained on a recovery trend against the backdrop of data-center-related investment driven by increased internet use, including the expansion of teleworking and online classes and video-streaming services for films and music.」
Although the market was partly affected by the spread of COVID-19, the semiconductor market was described as being on a recovery trend against the backdrop of data-center-related investment. The company noted a shift from weak demand toward recovery, although risks remain. - FY2020-Q3MitigatedAnnual report
「During the first half, the adjustment phase continued, including inventory adjustments and reviews of semiconductor manufacturers' capital investment plans, particularly for memory ICs. However, signs of a recovery emerged in the near term, as the start-up of 5G and the resumption of data-center-related investment led to improving results at some semiconductor manufacturers.」
Inventory adjustments and reviews of capital investment plans continued during the first half, but the company noted signs of a recovery driven by the start-up of 5G and the resumption of data-center-related investment. Although the risk of weak semiconductor demand remains, conditions have shifted from one-way deterioration. - FY2020-Q2MaterialisedAnnual report
「Net sales for the cumulative consolidated second quarter period fell below those of the same quarter a year earlier because a full-fledged recovery in demand had not yet materialized.」
In the semiconductor market, signs of a slowdown in data-center investment, inventory adjustments centered on memory ICs and reviews of semiconductor manufacturers' capital investment plans continued, and the failure of a full-fledged recovery in demand materialized as an actual decline in revenue. Consolidated net sales fell 8.5% year on year. - FY2020-Q1WorsenedAnnual report
「The semiconductor market, our Group's principal business area, was expected to grow moderately over the medium to long term, driven by the adoption of next-generation communications standards (5G), artificial intelligence (AI) and IoT. In the near term, however, the market remained in an adjustment phase, with inventory adjustments focused on memory ICs and semiconductor manufacturers reviewing their capital investment plans amid growing signs of a slowdown in data-center investment.」
The company cited signs of a slowdown in data-center investment, inventory adjustments centered on memory ICs and reviews of semiconductor manufacturers' capital investment plans, indicating that the market adjustment phase continued. Consolidated net sales actually fell 6.6% year on year. - FY2019WorsenedAnnual report
「Although the semiconductor market, our Group's principal business area, was expected to grow moderately over the medium to long term, market conditions remained highly volatile in the near term. A more cautious stance toward data-center investment, slowing smartphone demand and a sharp decline in semiconductor prices led semiconductor manufacturers to review their capital investment plans.」
In addition to the existing US-China trade tensions, a more cautious stance toward data-center investment and slowing smartphone demand, the company cited a sharp drop in semiconductor prices and reviews of capital investment plans, broadening the downside factors associated with demand volatility risk. - FY2019-Q3WorsenedAnnual report
「Although the semiconductor market, our Group's principal business area, was expected to grow moderately over the medium to long term, market conditions remained highly volatile in the near term. In addition to concerns about US-China trade tensions, a more cautious stance toward data-center investment and slowing smartphone demand prompted semiconductor manufacturers to review their capital investment plans.」
In addition to the existing US-China trade tensions and falling memory IC prices, the company cited a more cautious stance toward data-center investment, slowing smartphone demand and reviews of semiconductor manufacturers' capital investment plans, broadening the downside factors associated with demand volatility risk. - FY2019-Q2WorsenedAnnual report
「Although the semiconductor market, our Group's principal business area, faced concerns about the outlook due to US-China trade tensions, falling memory IC prices and adjustments to capital investment plans by semiconductor manufacturers, it remained firm against the backdrop of growing data-center demand as the IoT and cloud-services markets expanded.」
In addition to the existing US-China trade tensions and falling memory IC prices, adjustments to semiconductor manufacturers' capital investment plans were identified as a new downside factor. Meanwhile, the semiconductor market was described as remaining firm against the backdrop of data-center demand. - FY2019-Q1WorsenedAnnual report
「Although the semiconductor market faced concerns about the outlook due to US-China trade tensions and falling memory IC prices, capital investment remained firm, particularly for memory ICs, against the backdrop of further growth in data-center demand as the IoT and cloud-services markets expanded.」
Concerns about the outlook due to US-China trade tensions and falling memory IC prices were identified as new downside factors. Meanwhile, capital investment remained firm against the backdrop of data-center demand, and the company did not describe an overall deterioration in semiconductor demand. - FY2018-Q3RestatedAnnual report
「The semiconductor market, our Group's principal business area, remained strong despite the delayed recovery of the Chinese smartphone market and sluggish sales of high-end smartphones, supported by further growth in data-center demand as the IoT and cloud-services markets expanded and by the ongoing shift toward automotive electrification. Active capital investment was also undertaken in products including NAND flash memory.」
Although the semiconductor market as a whole was strong, the company noted a delayed recovery in the Chinese smartphone market and sluggish sales of high-end smartphones, indicating that demand volatility risks remain. - FY2018-Q2RestatedAnnual report
「The semiconductor market, our Group's principal business area, remained strong, supported by the ongoing shift toward automotive electrification and rising demand for data centers as cloud services expanded. Capital investment was also active, mainly in advanced products including 3D NAND flash memory.」
The semiconductor market and demand for advanced memory products remained strong, but there was no indication that the risk of a downturn in semiconductor demand had disappeared. - FY2018-Q1MitigatedAnnual report
「The semiconductor market, our Group's principal business area, remained strong, supported by the increasing sophistication of smartphones, rising demand for data centers as cloud services expanded, and the ongoing shift toward automotive electrification.」
The semiconductor market remained strong, and demand for memory products contributed to sales exceeding those of the same quarter a year earlier. However, the company stated that the recovery in demand remained slow, and did not indicate that the risks had disappeared. - FY2017-Q3MitigatedAnnual report
「Although signs of bottoming gradually emerged in memory IC demand from the second quarter onward, the pace of recovery remained slow.」
Memory IC demand showed signs of bottoming from the second quarter onward, representing a change from its one-way deterioration. However, the recovery was slow, and net sales fell below the year-earlier level. - FY2017-Q2MaterialisedAnnual report
「The decline in sales of memory ICs, for which demand recovery has been delayed, was not fully offset, resulting in performance below the same period of the previous year.」
The delayed recovery in memory IC demand materialized as an actual decline in sales during the cumulative second quarter period. Consolidated net sales fell 26.4% year on year, while sales in the semiconductor test components business fell 27.4%. - FY2017-Q1MaterialisedAnnual report
「As initially forecast, results were below the same quarter of the previous year, mainly because the recovery in demand for DRAM applications has been delayed.」
The delayed recovery in demand for DRAM applications materialized, with consolidated net sales down 28.7% year on year and net sales in the semiconductor testing components business down 29.8%. - FY2016First statedAnnual report
「The majority of the Group's sales come from probe cards, semiconductor testing components that are designed and manufactured for each semiconductor circuit and have the characteristics of consumables. Accordingly, weak semiconductor demand may affect the Group's operating results.」
The disclosure states that demand declined from the third quarter onward due to a cooling market resulting from sluggish demand for smartphones and personal computers, among other factors.