Declining Smartphone Demand from Chinese Manufacturers
First written in FY2016. 7 of 17 entries say "Restated". Latest entry: FY2023.
Geomatec 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 2019: 10 of 16 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Demand for liquid crystal panel-related products for smartphones in the Chinese market remains sluggish, with limited prospects for recovery. In light of the future direction of the company’s business, the company determined that concentrating management resources in Japan should be the top priority.」
Although sluggish demand for smartphones in China has continued, the transfer of all equity interests in the Chinese subsidiary associated with this market has been completed, and measures to reduce exposure to the China business have been implemented. - FY2023-Q2RestatedAnnual report
「Demand for products related to liquid-crystal panels for smartphones has remained sluggish in the Chinese market, and prospects for recovery are poor」
Weak demand for products related to LCD panels for Chinese smartphones and limited prospects for a recovery continue to be cited as reasons for the transfer of the subsidiary. - FY2023-Q1WorsenedAnnual report
「However, demand for liquid crystal panel-related products for smartphones has remained sluggish in the Chinese market, with limited prospects for recovery. In addition, Japan's economy is expected to face difficult conditions due to the recent global rise in crude oil prices and inflation. After considering the future direction of our business, we determined that concentrating our management resources in Japan is the highest priority and decided to transfer all equity interests held by the company in 吉奥馬科技（無錫）有限公司.」
The company states that weak demand for liquid-crystal-panel-related products for Chinese smartphones has continued and that the prospects for a recovery are also difficult. This is cited as one of the reasons for the decision to transfer the Chinese subsidiary. - FY2022RestatedAnnual report
「In addition to these structural changes in the business environment, operating conditions have become increasingly challenging due to lower production of smartphones in China itself caused by worsening U.S.-China relations, the impact of the global semiconductor shortage, soaring energy and raw-material prices caused by Russia's invasion of Ukraine and the yen's depreciation, and supply chain disruptions.」
The decline in Chinese smartphone production due to worsening US-China relations continues to be cited as a factor contributing to the challenging operating environment, alongside semiconductor shortages and geopolitical factors. - FY2021RestatedAnnual report
「Although orders from a US smartphone manufacturer increased in the third quarter, the smartphone business overall remained challenging due to slowing demand related to LCD panels and declining production by Chinese smartphone manufacturers amid tensions between the United States and China.」
While the impact on orders from declining production by Chinese smartphone manufacturers continued, the company also reported increased orders from a US smartphone manufacturer in the third quarter. - FY2021-Q3RestatedAnnual report
「While orders from Chinese smartphone manufacturers declined sharply amid US-China tensions, orders for US smartphone applications remained strong through the third quarter.」
Orders from Chinese smartphone manufacturers continue to decline sharply, while orders for US smartphones are described as remaining strong through the third quarter. - FY2021-Q2WorsenedAnnual report
「Orders for antistatic films for liquid-crystal panels and transparent conductive films for touch panels are increasing in the automotive segment as meter panels and other displays are increasingly being converted to flat-panel displays. In the smartphone segment, orders from some Chinese smartphone manufacturers were strong at the beginning of the period, but declined substantially toward the second half due to the U.S.-China conflict.」
Although orders from Chinese smartphone manufacturers were strong at the beginning of the period, they declined substantially toward the second half due to the impact of tensions between the United States and China, indicating that deterioration in demand is becoming more pronounced. - FY2020WorsenedAnnual report
「The group's orders have also been affected as sales by Chinese smartphone manufacturers have been trending downward due to worsening US-China relations.」
The company explicitly identified worsening US-China relations as a factor behind declining sales by Chinese smartphone manufacturers and stated that this had affected orders. - FY2020-Q3WorsenedAnnual report
「Orders for antistatic films for liquid crystal panels declined as growth in smartphones equipped with liquid crystal display panels slowed and production by Chinese smartphone manufacturers decelerated due to the impact of US-China trade friction.」
The US-China trade friction was explicitly identified as a factor behind the slowdown in production by Chinese smartphone manufacturers, and the decline in orders is continuing. - FY2020-Q1RestatedAnnual report
「Transparent conductive films for touch panels transitioned steadily for car navigation systems, but orders for smartphones declined as demand for Chinese-brand smartphones stagnated.」
The Company continues to report a decline in orders due to sluggish growth in demand for Chinese-brand smartphones. - FY2019WorsenedAnnual report
「Transparent conductive films for touch panels remained in a difficult situation as orders contracted significantly amid slowing market growth for Chinese smartphone manufacturers and car navigation systems.」
For sales to Chinese smartphone manufacturers, the company stated for the full year that orders had contracted substantially against a backdrop of slowing market growth, confirming deterioration from the previous fiscal year. - FY2019-Q3WorsenedAnnual report
「Transparent conductive films for touch panels remained in difficult conditions as orders declined substantially amid slowing market growth for Chinese smartphone manufacturers and car navigation systems.」
It was stated that orders from Chinese smartphone manufacturers had declined substantially against a backdrop of slower market growth, making the deterioration from the demand stagnation through the previous quarter more apparent. - FY2019-Q2RestatedAnnual report
「Orders for transparent conductive films for touch panels declined because touch-panel technology for car navigation systems is shifting from resistive to projected-capacitive technology, while demand for smartphones made in China remained sluggish.」
The Company continues to report sluggish demand for Chinese smartphones and a decline in orders. - FY2019-Q1WorsenedAnnual report
「Orders for transparent conductive films for touch panels declined because touch-panel technology for car navigation systems is shifting from resistive to projected-capacitive technology, while demand for smartphones made in China remained sluggish.」
For Chinese smartphones, which were considered stable in the previous fiscal year, the Company has reported a decline in orders due to sluggish demand growth, indicating that conditions have deteriorated. - FY2017RestatedAnnual report
「Transparent conductive films for touch panels remained stable for smartphones made by Chinese manufacturers, but declined for tablet devices and car navigation systems.」
Demand from Chinese manufacturers for smartphones remained stable, while demand for tablet devices and car navigation systems declined. - FY2017-Q3MitigatedAnnual report
「Transparent conductive films for touch panels remained stable for smartphones made by Chinese manufacturers, but declined for tablet devices and car navigation systems.」
The disclosure states that business with Chinese smartphone manufacturers remained stable, indicating some improvement from the previously reported decline in demand in that market. Demand for other applications declined. - FY2016MaterialisedAnnual report
「Orders for smartphones supplied to Chinese manufacturers declined sharply. As a result, sales were ¥6,393 million, down 23.1% year on year.」
The decline in demand from Chinese manufacturers is reflected in lower orders and lower sales of FPD substrates.