Sluggish growth and subdued demand for ICT and industrial equipment
First written in FY2017-Q1. 14 of 42 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2027-H1.
Tomita Electric 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: 9 of 16 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「In the domestic market, demand for industrial equipment, including semiconductor manufacturing equipment and FA-related products, increased as prolonged customer inventory adjustments improved and capital investment demand recovered. In China, demand in the automotive market, centered on EVs, also remained firm.」
In Japan, customer inventory adjustments improved and demand for industrial equipment, including semiconductor manufacturing equipment and FA-related products, increased. In China, EV-centered automotive demand was considered firm, indicating an improvement from the previously weak demand conditions. - FY2026MitigatedAnnual report
「Ferrite core sales grew moderately. In China, demand in the EV market remained firm, while in Japan, although external demand was weak for industrial equipment, machine tools and semiconductor manufacturing equipment, customer inventory adjustments improved.」
It states that EV demand in China remained firm and that customer inventory adjustments improved in Japan. Meanwhile, weak external demand became apparent in industrial equipment, machine tools and semiconductor manufacturing equipment-related applications. - FY2026-H1MitigatedAnnual report
「For our Group, although customer inventory adjustments in Japan showed signs of improvement, orders remained sluggish. In China, EV-related automotive demand was showing signs of recovery. Although the impact of conditions in US-China relations was also a concern, we will continue to closely monitor developments.」
It states that domestic customers' inventory adjustments showed signs of improvement and that EV-related automotive demand in China was beginning to recover. Domestic orders, however, remained sluggish, and the impact of US-China relations was also a concern. - FY2025-H1WorsenedAnnual report
「Amid these business conditions, sales stagnated in the domestic market due to prolonged customer inventory adjustments and a slowdown and pause in demand for industrial equipment, including semiconductor manufacturing equipment and FA-related products. In China, customer inventory adjustments were thought to have almost ended, but despite stronger EV-related automotive demand than information and communications-related demand, concerns emerged about its outlook due to US-China trade friction.」
In Japan, customers' inventory adjustments have been prolonged, and demand for industrial equipment, including semiconductor manufacturing equipment and FA, has slowed. In China, inventory adjustments were said to have almost ended, but new concerns were noted about the outlook for EV-related automotive demand due to US-China trade friction. - FY2025-Q1RestatedAnnual report
「Amid these market conditions, our Group conducted vigorous sales activities to secure orders, but business remained sluggish due to the continuing impact of customers' inventory adjustments. In China, inventory adjustments in information and communications-related products continued, while in Japan weak conditions persisted overall, with no signs of recovery.」
Customers' inventory adjustments, weakness in China's information and communications-related sector and the delayed recovery in Japan continued to be noted, indicating that weak demand from the previous fiscal year persisted. - FY2024WorsenedAnnual report
「Ferrite core sales remained sluggish in information and communications-related applications in China as intensifying US-China tensions and prolonged inventory adjustments weighed on demand. EV battery management systems also stagnated. In Japan, excluding infrastructure-related products, industrial equipment, machine tools and semiconductor manufacturing equipment remained sluggish due to excess inventories and weak demand. Coil and transformer sales also stagnated in industrial equipment and semiconductor manufacturing equipment-related applications.」
Inventory adjustments, excess inventories and weak demand continued in information and communications and EV-related applications in China and in industrial equipment, machine tools and semiconductor manufacturing equipment-related applications in Japan, confirming weak demand conditions for the full year. - FY2024-Q3WorsenedAnnual report
「In the electronic components industry, the prolonged weakness in smartphones, notebook PCs, tablets and other products since the second half of 2022 continued to suppress component orders. Although the semiconductor shortage eased, inventory adjustments in industrial equipment continued due to the weak Chinese economy and tighter regulations.」
It states that component orders remained sluggish due to weak demand for smartphones and other products, while inventory adjustments in industrial equipment continued against the backdrop of China's economic weakness and tighter regulations, indicating further deterioration in the demand environment. - FY2024-Q2WorsenedAnnual report
「Amid these business conditions, our Group's orders remained sluggish overall, continuing from the first quarter, due to the impact of inventory adjustments by many customers. In China, where the economic recovery has been delayed except in the EV sector, inventory adjustments, particularly in information and communications-related products, have been prolonged. In Japan, current sensors and small power supplies continued to perform well, but inventory adjustments continued in industrial equipment and machine tools, except for some semiconductor manufacturing equipment-related products.」
Weak orders due to customers' inventory adjustments continued, with inventory adjustments prolonged in China's information and communications-related sector and continuing in Japan's industrial equipment and machine tool sectors. - FY2024-Q1WorsenedAnnual report
「Shipments remained sluggish overall due to the impact of customers' inventory adjustments, while manufacturing costs deteriorated as operating rates at production facilities declined. In China, inventory adjustments in information and communications-related products continued and expanded, while EV-related business weakened following the end of government subsidies. In Japan, current sensors and small power supplies performed well, but industrial equipment, machine tools and some semiconductor manufacturing equipment-related products remained sluggish.」
Customers' inventory adjustments weighed on shipments overall. In China, inventory adjustments in information and communications-related products expanded, and EV-related business also weakened following the end of subsidies. In Japan, industrial equipment, machine tools and some semiconductor manufacturing equipment-related products were sluggish. Current sensors and small power supplies, however, were considered to be performing well. - FY2023China's ICT sector sluggish; EV and Japanese demand firmAnnual report
「Ferrite core sales were sluggish in information and communications-related applications in the Chinese market, but performed well for EV battery management systems. In the Japanese market, industrial equipment, machine tools and semiconductor manufacturing equipment-related products performed well.」
While demand related to information and communications in China was considered sluggish, demand for EV battery management systems and for industrial equipment, machine tools and semiconductor manufacturing equipment in Japan, excluding China, was considered firm. - FY2023-Q3Inventory adjustments in China's ICT sector; EV and domestic demand firmAnnual report
「For our Company, orders related to information and communications in the Chinese market slowed due to inventory adjustments, but EV-related business performed well, while demand for industrial equipment and semiconductor manufacturing equipment in Japan continued to remain firm.」
It states that orders related to information and communications in China slowed due to inventory adjustments, while demand for EVs in China and for industrial equipment and semiconductor manufacturing equipment in Japan remained firm. - FY2023-Q2MitigatedAnnual report
「After demand for 5G base stations in the Chinese market reached a plateau, EV-related demand expanded sharply and performed well. In the domestic market, demand for semiconductor manufacturing equipment and industrial equipment also continued to remain firm.」
Although demand for 5G base stations had reached a plateau, EV-related demand expanded sharply in China, while domestic demand for semiconductor manufacturing equipment and industrial equipment also remained firm. - FY2023-Q1RestatedAnnual report
「Orders for information and communications-related products in China and semiconductor manufacturing equipment and industrial equipment for the domestic market continued to remain firm.」
It states that demand related to information and communications in China and demand for semiconductor manufacturing equipment and industrial equipment in the domestic market continued to remain firm. - FY2022MitigatedAnnual report
「Ferrite core sales performed strongly as demand in the Chinese market for 5G communications and EV-related products increased sharply, while industrial equipment-related sales also remained firm in the domestic market. Coil and transformer sales likewise performed strongly in industrial equipment and semiconductor manufacturing equipment-related applications, as did ferrite core sales.」
Although the previous update noted slower automobile production and other factors, demand for 5G and EV-related products in China, industrial equipment in Japan and semiconductor manufacturing equipment was considered strong, indicating an improved demand environment. Supply constraints, including the semiconductor shortage, were noted separately. - FY2022-Q3Slower automobile production; strong demand related to capital investmentAnnual report
「In the electronic components industry, automobile production slowed, but conditions remained strong, driven by capital investment demand. At our Company, demand for equipment-related products and semiconductor manufacturing equipment remained firm, while demand related to information and communications, particularly 5G and EVs, in the Chinese market continued to increase substantially.」
While automobile production changed from a recovery trend through the second quarter to a slowdown, demand for equipment-related products and semiconductor manufacturing equipment remained firm, and demand for 5G and EVs in China continued to increase substantially. - FY2022-Q2MitigatedAnnual report
「In the electronic components industry, conditions remained strong, driven by the recovery in automobile production. For our Group, demand increased for equipment-related products and semiconductor manufacturing equipment, while in the Chinese market demand related to information and communications, particularly 5G, as well as EV-related demand, increased substantially.」
The demand environment improved from the weakness in automotive and industrial equipment noted through the previous quarter, with increases in automobile production and demand for equipment-related products, semiconductor manufacturing equipment, 5G and EVs. - FY2022-Q1Firm orders for information and communications, semiconductor manufacturing equipment and industrial equipment; impact on automotive productionAnnual report
「In the electronic components industry, although the global semiconductor shortage had a major impact on the production of automobiles and other key industrial products, demand increased for PCs and tablets for remote work and online learning, and corporate capital investment also showed signs of recovery.」
It states that automobile and other production was affected by the semiconductor shortage, while demand for PCs and tablets and corporate capital investment showed signs of recovery. Orders for information and communications products in China and semiconductor manufacturing equipment and industrial equipment for the domestic market remained firm. - FY2021Recovery in information and communications and semiconductor manufacturing equipment; declines in automotive and industrial equipmentAnnual report
「In the electronic components industry, demand related to information and communications and semiconductor manufacturing equipment showed signs of recovery, while automotive-related and industrial equipment demand declined sharply due to supply-chain disruptions and factory stoppages.」
While information and communications and semiconductor manufacturing equipment-related demand showed signs of recovery, automotive-related and industrial equipment demand declined sharply due to supply-chain disruptions and factory stoppages. - FY2021-Q3Recovery in semiconductor manufacturing equipment demand; automotive and other areas sluggishAnnual report
「In the electronic components industry, although demand for semiconductor manufacturing equipment showed signs of recovery, automotive-related demand remained weak due to the impact of partial supply-chain disruptions and factory stoppages caused by lockdowns and other factors. In addition, companies postponed capital investment, and related areas such as FA and industrial equipment also stagnated, resulting in extremely sluggish conditions overall.」
While demand for semiconductor manufacturing equipment showed signs of recovery, automotive-related demand remained weak due to supply-chain disruptions and factory stoppages, and FA and industrial equipment also stagnated, leaving conditions extremely sluggish overall. - FY2021-Q2Sluggish overall; demand expanding in some areas of ChinaAnnual report
「In the electronic components industry, automotive-related demand, which was affected by partial supply-chain shutdowns and factory stoppages resulting from infection-control measures, slowed sharply further, while activity stagnated in almost all areas, including smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, resulting in extremely sluggish conditions overall.」
While almost all areas, including automotive, were considered extremely sluggish across the industry, demand expanded in the Chinese market for 5G communications, cloud services and data centers, and there was special demand for mask manufacturing equipment. - FY2021-Q1WorsenedAnnual report
「In the electronic components industry, automotive-related demand declined sharply, while activity stagnated in many areas, including smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, resulting in extremely sluggish conditions overall.」
Automotive-related demand, which had been considered firm in some areas through the previous fiscal year, also declined sharply, while many areas, including smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, stagnated, indicating further deterioration in the demand environment. - FY2020WorsenedAnnual report
「In the electronic components industry, amid weak market conditions that had continued since the previous consolidated fiscal year, intensifying US-China trade friction caused demand to stagnate in almost all areas, including automotive-related products, smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, and difficult conditions continued overall during the consolidated fiscal year.」
In addition to weak market conditions continuing from the previous consolidated fiscal year, the impact of US-China trade friction was noted. Demand stagnated in almost all areas, including automotive, smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, and difficult conditions continued overall. - FY2020-Q3WorsenedAnnual report
「In the electronic components industry, demand remained sluggish in almost all areas, including automotive-related products, smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, and the industry remained weak.」
It states that demand stagnated in almost all areas, including automotive-related products, which had been considered firm or expanding in some areas through the previous quarter, leaving conditions sluggish. - FY2020-Q2WorsenedAnnual report
「In the electronic components industry, demand stagnated in many areas, including automotive-related products, smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, resulting in generally sluggish conditions.」
Automotive-related demand had been considered firm through the previous quarter, but this time demand stagnated in many areas, including automotive-related products, leaving the industry as a whole sluggish. - FY2020-Q1WorsenedAnnual report
「In the electronic components industry, although automotive-related demand remained firm, demand stagnated in many areas, including smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, which had previously performed well, resulting in generally sluggish conditions.」
It states that demand stagnated in many areas, including smartphones, semiconductor manufacturing equipment, industrial equipment and ICT, which had previously performed well, leaving the industry as a whole sluggish. - FY2019-Q3WorsenedAnnual report
「Although growth in the smartphone market was slowing, automotive-related demand remained firm. Overseas ICT-related demand also expanded with a view to 5G communications, and demand for IoT-related products, magnetic sensors and current sensors continued to perform steadily.」
In addition to slower growth in the smartphone market, domestic demand related to solar power generation stagnated significantly in the company's ferrite core sales, while overseas automotive-related demand remained sluggish for an extended period due to inventory adjustments by major customers. Meanwhile, overseas ICT, IoT, magnetic sensor and current sensor demand continued to expand or perform steadily. - FY2019-Q2WorsenedAnnual report
「In the electronic components industry, the smartphone market was sluggish, but automotive-related demand remained firm. Overseas ICT-related demand also expanded, and demand for semiconductor manufacturing equipment, magnetic sensors and current sensors related to the expansion of IoT continued to perform steadily.」
In addition to weak smartphone demand, domestic demand for proximity sensors for industrial equipment was weaker than expected, while overseas automotive-related demand was affected by customer inventory adjustments associated with the relocation of a major customer's plant. Meanwhile, overseas ICT, semiconductor manufacturing equipment, magnetic sensors and current sensors continued to expand or perform steadily. - FY2019-Q1Slower smartphones, expanding ICT, firm industrial equipment demandAnnual report
「In the electronic components industry, smartphone sales slowed, but automotive-related demand remained firm. Overseas ICT-related demand also expanded, and demand for semiconductor manufacturing equipment, magnetic sensors and current sensors related to the expansion of IoT continued to perform steadily.」
Although the slowdown in smartphones continued, overseas ICT-related demand expanded, and demand for semiconductor manufacturing equipment, magnetic sensors and current sensors related to IoT remained firm. - FY2018Slower smartphone growth, strong ICT and industrial equipment demandAnnual report
「Although smartphone growth slowed, domestic demand related to automotive applications remained firm, overseas ICT-related demand continued to recover steadily, and demand for semiconductor manufacturing equipment, magnetic sensors and current sensors in the industrial equipment sector also remained strong.」
The company newly indicates slower growth in smartphone demand, while overseas ICT-related demand continues to recover and industrial equipment demand remains strong. - FY2018-Q3RestatedAnnual report
「In the electronic components industry, the smartphone market showed signs of bottoming out and automotive-related demand remained firm. Overseas ICT-related demand continued to recover steadily, while demand for semiconductor manufacturing equipment, magnetic sensors and current sensors in the industrial equipment sector continued to remain strong.」
The company continues to describe demand for smartphones, overseas ICT, automotive applications and industrial equipment as bottoming out, recovering and remaining firm. - FY2018-Q2RestatedAnnual report
「In the electronic components industry, the smartphone market showed signs of bottoming out and automotive-related demand remained firm. Overseas ICT-related demand recovered, while demand for semiconductor manufacturing equipment, magnetic sensors and current sensors in the industrial equipment sector continued to remain strong.」
The company describes demand for smartphones, overseas ICT and industrial equipment as bottoming out, recovering and remaining firm, respectively, as in the previous quarter. - FY2018-Q1MitigatedAnnual report
「The smartphone market showed signs of bottoming out, and automotive-related demand remained firm. Overseas ICT-related demand also showed signs of recovery, while demand for semiconductor manufacturing equipment, magnetic sensors and current sensors in the industrial equipment sector remained strong.」
ICT-related demand and the industrial equipment sector, which had been sluggish and slowing at the end of the previous fiscal year, showed signs of recovery and firm demand, indicating an improvement in demand conditions. - FY2017WorsenedAnnual report
「In the electronic components industry, automotive-related demand was firm, but ICT-related electronic equipment, excluding smartphones, remained sluggish due to the impact of the deteriorating Chinese economy. In the industrial equipment sector, demand for machinery and equipment and EMI-related products also showed signs of slowing in the second half of the fiscal year.」
ICT-related and industrial equipment demand had previously been described as recovering and firm, but ICT remains sluggish, while machinery and equipment and EMI-related demand has shifted to a slowing trend in the second half of the fiscal year. - FY2017-Q3RestatedAnnual report
「Domestic demand related to automotive applications remained firm, overseas ICT-related demand, which had been sluggish, showed signs of recovery, and demand for machinery and equipment and EMC-related products in the industrial equipment sector also remained strong.」
The company describes demand conditions for automotive applications, overseas ICT and industrial equipment as recovering and firm, as in the previous quarter. - FY2017-Q2MitigatedAnnual report
「Demand related to automotive applications remained firm, ICT-related demand, which had been sluggish, showed signs of recovery, and demand for machinery and equipment and EMC-related products in the industrial equipment sector also remained strong.」
Demand conditions in the industry changed from the previously reported sluggish ICT-related demand and weakness in the industrial equipment sector to recovery and firmness. Meanwhile, the company's overseas sales remain sluggish. - FY2017-Q1First statedAnnual report
「ICT-related demand remained sluggish, while demand for machinery and equipment and EMC-related products in the industrial equipment sector also remained weak.」
The statement describes a situation in which demand in part of the electronic components market was actually weak.