Commoditization of the FPD and Mobile Device Markets and Rising Price and Quality Requirements
First written in FY2016. 11 of 22 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Against this backdrop, the business environment surrounding the Company showed signs of recovery from production cuts caused by Chinese competition in the automotive market, while display-related products remained firm.」
The company states that it recovered from the impact of production cuts associated with Chinese competition in the automotive market, while display-related products remained firm. - 2026-05-15MitigatedEarnings
「For thin-film products for displays, orders for antistatic films for LCD display panels for automotive applications remained sluggish, while orders for antireflective and antifouling films for cover panels increased substantially toward the fourth quarter.」
車載向け帯電防止膜は低調である一方、カバーパネル用反射防止・防汚膜の受注増加が示され、ディスプレイ関連の状況は用途別に分かれている。 - FY2026-H1WorsenedAnnual report
「Although orders for cover panels in the display category declined, semiconductor and electronic components and other categories remained firm.」
In display-related products, orders for cover panels declined. For products intended for the Chinese domestic market, sluggish sales of applicable vehicle models had an impact, while solid orders were also reported for products such as antistatic films for liquid crystal panels used in automotive and VR applications, indicating differing conditions by application. - FY2025MitigatedAnnual report
「The business environment surrounding the Group remained firm, as orders for its main display panel products for the automotive and VR markets remained solid, while orders for semiconductors and electronic components for energy-related and electronic component applications increased.」
For display-related products, which had previously faced persistently challenging conditions, orders for automotive and VR markets remained firm, while orders for semiconductor and electronic component applications also increased. - FY2025-H1MitigatedAnnual report
「The business environment surrounding the Group remained firm, as orders for its main display panel products for the automotive and VR markets remained solid, while orders for semiconductors and electronic components for energy-related and electronic component applications increased.」
Regarding display-related business, which had remained difficult, the company states that orders for the automotive and VR markets were firm. Together with increased orders for semiconductors and electronic components, this indicates some improvement in the business environment. - FY2024RestatedAnnual report
「The business environment surrounding the Company has remained challenging. Demand for liquid crystal panels for smartphones and other mobile products has been sluggish, and orders for one of the Company's core products, liquid crystal panel-related products, have declined as component manufacturers have consolidated their production sites.」
Declining demand for liquid crystal panels and continued order declines resulting from customers consolidating their production sites have reaffirmed the challenging conditions in the display-related market. - FY2024-Q3RestatedAnnual report
「Anti-static films for liquid crystal panels and transparent conductive films for touch panels remained in a challenging environment, as some customers consolidated their production sites in the previous fiscal year and production adjustments continued from the second half of the previous fiscal year, among other factors.」
The company has reconfirmed that orders for liquid crystal panel-related products remain challenging, as customers continue to consolidate production sites and adjust production, a trend that began in the second half of the previous fiscal year. - FY2024-Q2WorsenedAnnual report
「Orders for liquid crystal panel-related products declined sharply because some customers consolidated their production sites in the previous fiscal year and production adjustments have continued since the second half of the previous fiscal year. This affected antistatic films for liquid crystal panels and transparent conductive films for touch panels.」
In addition to customers consolidating their production sites, production adjustments that began in the second half of the previous fiscal year continued, and orders for liquid crystal panel-related products declined substantially, the company stated. - FY2024-Q1WorsenedAnnual report
「Orders for liquid-crystal-panel-related products declined significantly due to the continuation from the second half of the previous fiscal year of customers' production adjustments for automotive liquid-crystal panels, as well as the consolidation of production sites by some customers, affecting antistatic films for liquid crystal panels and transparent conductive films for touch panels.」
The Company states that orders for LCD panel-related products declined substantially because production adjustments by business partners for automotive LCD panels continued and were compounded by the consolidation of production sites. - FY2023WorsenedAnnual report
「Demand for LCD panel-related products has remained sluggish in the smartphone market, one of the markets related to a major business area of the company, due to slower overall market growth as product life cycles lengthen and the accelerating shift toward organic EL display panels.」
The company reconfirmed throughout the fiscal year that growth in the smartphone market was slowing and demand for liquid crystal-related products was weak due to the shift to OLED. In addition, customers adjusted production in the automotive sector during the fourth quarter, highlighting the challenging conditions in the display-related market. - FY2023-Q3RestatedAnnual report
「Against this backdrop, the business environment surrounding the company remained generally firm. Although demand for liquid crystal panels continued to slow in the smartphone market, which is related to the company's core products, demand for liquid crystal panels for instrument panels and cover panels in the automotive market remained stable.」
While demand for liquid crystal panels for smartphones continues to slow, the company describes demand for automotive instrument panels and cover panels as stable, reaffirming the structural challenges facing the display market. - FY2023-Q2RestatedAnnual report
「Although global demand for smartphones, a market related to the company's main products, slowed and the continuing semiconductor shortage affected the automotive market, performance remained generally firm because the impact on the company was limited.」
Although the global slowdown in smartphone demand and the impact of semiconductor shortages on the automotive market continue, the impact on the company has been minor and its business has remained generally solid, according to the report. - FY2023-Q1WorsenedAnnual report
「Antistatic films for liquid-crystal panels and transparent conductive films for touch panels remained in a difficult environment, as demand for smartphones continued to slow and orders for liquid-crystal-panel-related products used in automotive instrument panels declined due to reduced automobile production.」
The company reports weaker orders for instrument panels due to automotive production cuts in addition to slowing smartphone demand, highlighting the increasingly challenging conditions in display-related markets. - FY2022RestatedAnnual report
「In the smartphone market associated with our principal products, overall demand is slowing as product life cycles lengthen, while demand for our principal LCD panel-related products remains weak as the proportion of OLED panels used in displays increases.」
The Company has reconfirmed that demand for liquid-crystal-panel-related products remains weak due to slowing smartphone demand and the shift from liquid crystal to OLED. - FY2022-Q3RestatedAnnual report
「Antistatic films for liquid crystal panels and transparent conductive films for touch panels performed steadily in applications including automotive instrument panels and other display devices. Smartphone applications, however, remained challenging due to slowing demand.」
While the automotive segment remains solid, demand for smartphones has slowed and difficult conditions continue. - FY2022-Q2RestatedAnnual report
「Meanwhile, conditions for smartphones remained challenging, affected by the slowdown in demand for liquid crystal panels.」
The company reconfirmed that demand for LCD panels for smartphones continues to slow and that conditions remain challenging. - FY2022-Q1RestatedAnnual report
「Meanwhile, conditions for smartphones remained challenging, affected by the slowdown in demand for liquid crystal panels.」
The slowdown in demand for liquid-crystal panels for smartphones and the difficult market conditions continue to be reported. - FY2021RestatedAnnual report
「In the smartphone market associated with our principal products, overall demand is slowing as product life cycles lengthen, while demand for our principal LCD panel-related products remains weak as the proportion of OLED panels used in displays increases.」
The company reconfirms slowing smartphone demand, the shift from LCD to OLED and lower demand for LCD panel-related products as structural business conditions. - FY2020RestatedAnnual report
「The small- and medium-sized FPD market associated with our principal products remains challenging. Smartphone demand overall is slowing as product life cycles lengthen, while demand for LCD panels is weakening as OLED panels become more prevalent in displays used in high-end smartphones.」
The company continues to cite slowing smartphone demand, the shift from LCD to OLED, and a challenging competitive environment in the FPD market. - FY2018RestatedAnnual report
「Against this backdrop, in the small- and medium-sized LCD display market, where we have particular expertise, applications are expanding beyond mobile devices, including automotive displays. At the same time, requirements for the specifications, quality and pricing of thin-film products are becoming increasingly demanding as we seek to strengthen our differentiation from and competitive advantage over OLED displays.」
The company continues to describe stringent requirements for thin-film product specifications, quality and pricing, driven by automotive applications and competition with OLED displays. - FY2017WorsenedAnnual report
「In the small- and medium-sized LCD display market, where we have particular expertise, applications are expanding beyond mobile devices, including automotive displays. At the same time, requirements for the specifications, quality and pricing of thin-film products are becoming increasingly demanding as we seek to strengthen our differentiation from and competitive advantage over OLED displays.」
The company describes increasingly demanding specifications, quality and pricing requirements for thin-film products amid commoditization, competition with OLED displays and expansion into automotive applications. - FY2016First statedAnnual report
「While the mobile device market is becoming increasingly commoditized, requirements for product specifications, quality and pricing are becoming more stringent, and products are expected to be produced in smaller lots and delivered in shorter lead times.」
The company identifies the growing risk of product standardization and lower prices, together with more demanding specifications, quality requirements, smaller lot sizes and shorter delivery times.