Dependence on Demand for Specific Products, Including Smartphones and Tablets
First written in FY2016. 12 of 35 entries say "Restated". Latest entry: FY2026.
Geomatec moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2023: 5 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Our main products are highly dependent on substrates for displays installed in automobiles and other vehicles. Significant changes in demand for these products could have a material impact on our operating results and financial condition.」
The risk focus has been reorganized from the previous dependence on smartphones to dependence on substrates for displays installed in automobiles and other products. - FY2025RestatedAnnual report
「The Company's core products depend heavily on liquid-crystal display panels used in smartphones, automobiles and other products. Significant fluctuations in demand for these products could have a material impact on the Company's operating results and financial condition.」
Dependence on LCD display panel-related products for smartphones, automobiles and other applications continues to be disclosed as a key risk. - FY2025-H1Updated interim-period demand conditions by marketAnnual report
「Orders for liquid crystal panel-related products, including antistatic films for liquid crystal panels and transparent conductive films for touch panels, remained firm for automotive and VR equipment applications.」
Regarding dependence on demand for specific products, the company states that while demand remains difficult, as previously seen primarily in smartphones, orders for automotive and VR equipment applications remain firm. - FY2024Updated full-year demand conditions by applicationAnnual report
「The Company's core products depend heavily on liquid-crystal display panels used in smartphones, automobiles and other products. Significant fluctuations in demand for these products could have a material impact on the Company's operating results and financial condition.」
The Company reconfirmed dependence on LCD display panel-related markets, including smartphones and automobiles, as a risk. For the full year, revenue was ¥1,448 million for displays, ¥1,490 million for mobility, and ¥1,224 million for semiconductors and electronic components, with semiconductor and electronic component revenue increasing. - FY2024-Q3Updated: third-quarter demand by applicationAnnual report
「Thin-film products for mobility applications remained sluggish, particularly automotive cover panels, the main product, due to the passing of the peak in production plans for models that were mainstream in the previous fiscal year and the slow pace of recovery from inventory adjustments at component manufacturers.」
Regarding dependence on demand for specific products, the Company describes cover panels for automotive applications as sluggish due to the main models having passed the peak of their production plans and a delay in the recovery from inventory adjustments by component manufacturers. - FY2024-Q2WorsenedAnnual report
「Against this backdrop, the business environment surrounding the Company remained challenging, as the gradual easing of the semiconductor supply shortage has led to signs of a recovery but not yet to a full-fledged recovery, while the investment environment for production machinery also lacked strength.」
Regarding dependence on demand for specific products and applications, the company stated that the recovery following the semiconductor shortage had not fully materialized, the capital investment environment for production machinery remained weak, and business conditions were challenging. - FY2024-Q1Updated demand conditions following inventory adjustments in the automotive marketAnnual report
「The business environment surrounding the company remained difficult. In the automotive market, to which its core products are related, the shortage of semiconductor supplies gradually eased and signs of recovery emerged, but inventory adjustments at component manufacturers that are the company's customers had not yet been completed.」
Regarding dependence on specific product markets, the Company states that although semiconductor supply shortages were easing, inventory adjustments by component manufacturers among its business partners continued and the automotive market remained challenging. - FY2023MitigatedAnnual report
「In response to these changes in the environment, we have worked to expand our business domains by transforming our business portfolio, moving away from our heavy reliance on displays and increasing the proportion accounted for by mobility and semiconductors and electronic components. We have achieved some results, as display revenue declined by nearly 20% year on year while each of the other product categories recorded double-digit revenue growth.」
With regard to reducing the company's dependence on displays, display sales declined 18.3%, while mobility, semiconductors and electronic components, and other products posted revenue growth, demonstrating progress in shifting the business mix. However, mobility also decelerated sharply in the fourth quarter. - FY2023-Q3RestatedAnnual report
「Orders for antistatic films for LCD panels and transparent conductive films for touch panels remained stable in automotive instrument panels and wearable devices, but orders for smartphones, tablets and gaming equipment remained sluggish.」
Regarding dependence on demand for specific products, the Company has reaffirmed that demand for automotive and wearable devices is stable, while demand for smartphones, tablets and gaming devices remains sluggish. - FY2023-Q2Updated second-quarter orders by applicationAnnual report
「Orders for antistatic films for LCD panels and transparent conductive films for touch panels remained stable in automotive instrument panels and wearable devices, but orders for smartphones, tablets and gaming equipment remained sluggish.」
Regarding dependence on demand for specific products, the Company states that demand for automotive and wearable-device applications remains stable, while demand for smartphones, tablets and game consoles is weak. - FY2022RestatedAnnual report
「The Group's core products are highly dependent on smartphones, and significant fluctuations in demand for these products could have a material impact on the Group's performance and financial condition. In addition, the Group's core products related to smartphones and other devices are closely tied to liquid crystal panels, and significant changes in the adoption trends for other display panels, such as OLED panels, could have a material impact on the Group's performance and financial condition.」
Dependence on smartphones and liquid crystal panels, and the impact of adoption trends for OLED and other displays, remain key risks. - FY2022-Q3Updated market-by-market conditionsAnnual report
「Against this backdrop, the business environment surrounding the Group remained generally solid in Japan, although production trends varied among business partners in the automotive and smartphone markets related to the Group’s main products due to the impact of the semiconductor supply shortage, which had a significant impact on the Chinese subsidiary.」
In the smartphone and automotive markets, semiconductor shortages have led to differing production trends among customers. While the Chinese subsidiary was significantly affected, domestic operations remained generally solid, according to the report. - FY2022-Q2Updated market conditions by segment amid the semiconductor supply shortage.Annual report
「In the smartphone and automobile markets related to our core products, production trends varied among customers due to the semiconductor shortage. While our Chinese subsidiary was significantly affected, the impact in Japan was limited, and business therefore remained generally firm.」
The impact of the semiconductor shortage on the smartphone and automotive markets differed by business partner. While the Chinese subsidiary was significantly affected, the impact in Japan was limited, and conditions overall were generally firm. - FY2022-Q1Updated conditions by smartphone and automotive marketAnnual report
「Against this backdrop, the business environment surrounding the Group remained generally stable overall, although production trends varied among business partners due to the impact of the semiconductor supply shortage in the smartphone and automotive markets related to the Group's core products.」
Regarding the markets related to its core products, the Company cites smartphones and automobiles, stating that production trends vary by customer due to semiconductor shortages, while overall conditions are generally stable. - FY2021RestatedAnnual report
「The Group's core products are highly dependent on smartphones. A significant change in demand trends for these products could have a material impact on the Group's operating results and financial position.」
The company continues to disclose dependence on smartphones for its core products and the impact of adoption trends for display panels, including liquid crystal and OLED panels, as risks. - FY2021-Q3RestatedAnnual report
「The business environment surrounding the Group remained challenging for smartphones in the smartphone and automotive markets related to the Group's mainstay products, due to the impact of COVID-19 and tensions between the United States and China, while automotive applications continued to perform well.」
While smartphone-related products struggled, automotive applications remained strong, and the company reconfirmed the situation by application regarding dependence on specific product markets. - FY2021-Q2Updated market-by-market conditionsAnnual report
「The business environment surrounding the Group remained challenging for smartphones in the smartphone and automotive markets related to the Group's mainstay products, due to the impact of COVID-19 and tensions between the United States and China, while automotive applications continued to perform well.」
While demand for smartphones has struggled, automotive applications are reported to have performed well, and the company has presented the level of dependence on specific product markets by application. - FY2021-Q1WorsenedAnnual report
「In the small- and medium-sized FPD market related to the company's core products, demand for smartphones had remained weak since the previous year, compounded by the impact of COVID-19. Although conditions differed among smartphone manufacturers, the market as a whole remained sluggish.」
The sluggish demand for smartphones was compounded by the impact of COVID-19, leaving the core FPD market generally weak. - FY2020WorsenedAnnual report
「To respond to changes in the business environment, including slowing demand for liquid crystal panel-related products in the smartphone market and substitution by organic EL panels, we will accelerate the expansion of our business scope into growth fields, moving away from excessive dependence on specific markets.」
In addition to its dependence on the smartphone market, the slowdown in demand for LCD panels and substitution by OLEDs have been explicitly identified, and the company states that it will accelerate its response to dependency risks. - FY2020-Q3Added that automotive applications remained solidAnnual report
「The market for small and medium-sized flat-panel displays (FPDs), to which our principal products relate, remained challenging. Demand for smartphones continued to be sluggish, although demand for automotive applications remained firm.」
While demand for smartphones remains weak, automotive applications are said to be performing steadily, with the situation regarding dependence on specific product markets presented by application. - FY2020-Q2RestatedAnnual report
「Against this backdrop, the business environment surrounding the Group remained challenging because demand for smartphones and tablet devices continued to stagnate in the small- and medium-sized flat-panel display (FPD) market related to the Group’s main products.」
The company reconfirmed that the mainstay FPD market remains challenging as weak demand for smartphones and tablets continues. - FY2020-Q1RestatedAnnual report
「Against this backdrop, the business environment surrounding the Group remained challenging because demand for smartphones and tablet devices continued to stagnate in the small- and medium-sized flat-panel display (FPD) market related to the Group’s main products.」
The company reconfirmed that the mainstay FPD market remains challenging as weak demand for smartphones and tablets continues. - FY2019WorsenedAnnual report
「The Group's main products are highly dependent on smartphones, and significant fluctuations in demand for these products could affect the Group's business performance and financial condition. In addition, the Group's main products related to smartphones and other devices are closely linked to liquid crystal panels, and significant changes in the adoption trends for other display panels, such as organic EL panels, could affect the Group's business performance and financial condition.」
The description of the company's dependence has been organized around smartphones, and in addition to fluctuations in smartphone demand, trends in the adoption of other display panels, such as OLED panels, have been explicitly identified as risk factors. - FY2019-Q3RestatedAnnual report
「The business environment surrounding the group remained difficult in the small- and medium-sized flat-panel display (FPD) market related to its main products, as demand was slowing overall despite some attention-generating developments, such as the launch of certain new smartphone products.」
Although some new smartphone products have attracted attention, demand in the overall small- and medium-sized FPD market has slowed and difficult conditions continue. - FY2019-Q2RestatedAnnual report
「The business environment surrounding the group remained difficult in the small- and medium-sized flat-panel display (FPD) market related to its main products, as demand was slowing overall despite some attention-generating developments, such as the launch of certain new smartphone products.」
Although some new products have attracted attention, the overall market slowdown and challenging conditions continue for demand for main products such as smartphones. - FY2019-Q1WorsenedAnnual report
「The business environment surrounding the group remained difficult in the small- and medium-sized flat-panel display (FPD) market, to which the company’s main products are related, as demand for smartphones, tablet devices, and automotive navigation systems slowed.」
The slowdown in demand for smartphones, tablet devices and car navigation systems was described collectively, indicating that conditions in the core market are becoming more challenging. - FY2018Partial recovery in smartphone demand, while tablets and digital cameras remain sluggishAnnual report
「Against this backdrop, the business environment surrounding the Group remained challenging. Although the smartphone market showed some momentum toward year-end due to the launch of new products, demand for tablet devices and digital cameras remained sluggish, while demand for resistive touch panels for car navigation systems also remained weak.」
Although demand for smartphones showed some strength, demand for resistive touch panels used in tablets, digital cameras, and car navigation systems remained weak. - FY2018-Q3Partial recovery in smartphones and continued weakness in tablets and other productsAnnual report
「Under these conditions, the market environment remained challenging for the Group's core market of small- and medium-sized flat-panel displays (FPDs). Although the smartphone segment gained momentum toward year-end with the launch of new products, demand for tablet devices remained sluggish as their adoption had largely run its course. Demand for touch panels for car navigation systems also shifted from resistive to capacitive technology.」
While there was some pickup in demand for smartphones toward year-end, the mainstay FPD market remains challenging due to weak demand for tablets and the transition to different technologies for touch panels used in car navigation systems. - FY2018-Q2RestatedAnnual report
「Against this backdrop, the small- and medium-sized flat-panel display (FPD) market, the Group's main market, remained challenging. Demand conditions changed for smartphones and tablet devices, while demand for touch panels in car navigation systems continued to shift from resistive to capacitive technology.」
The challenging conditions in the core FPD market continue due to changes in the demand environment for smartphones and tablets and the shift in touch-panel technology for car navigation systems. - FY2018-Q1RestatedAnnual report
「Against this backdrop, the group’s main market, the small- and medium-sized flat-panel display (FPD) market, remained difficult. Demand growth for smartphones and tablet devices had run its course, while demand for automotive navigation touch panels was shifting from resistive to capacitive technology.」
Demand continued to slow as the penetration of smartphones and tablets reached maturity, reaffirming the challenging conditions in the core FPD market. The slowdown in demand was also reflected in actual results as a decline in sales of FPD substrates. - FY2017RestatedAnnual report
「The Group's mainstay products are highly dependent on smartphones, tablet devices and car navigation systems. Significant fluctuations in demand or prices for these products could affect the Group's results and financial condition.」
The company continues to disclose its dependence on specific mobile and automotive equipment as a business and other risk. - FY2017-Q3Demand increased for some products, but overall conditions remained challengingAnnual report
「The small- and medium-sized flat-panel display (FPD) market, the main market for the group, remained difficult overall, although demand for some smartphone and tablet products increased from autumn onward.」
Demand for some smartphone and tablet products increased from autumn onward, but difficult conditions across the overall market continued. - FY2017-Q2WorsenedAnnual report
「Under these circumstances, the small- and medium-sized flat-panel display (FPD) market, the Group's core market, remained challenging as demand for smartphones and tablet devices slowed.」
Demand for smartphones and tablets continued to slow, resulting in weak orders and a substantial decline in revenue due to production adjustments by major manufacturers and other factors. - FY2017-Q1WorsenedAnnual report
「Against this backdrop, the small- and medium-sized flat-panel display (FPD) market, the Group's core market, remained challenging as demand for smartphones and tablet devices slowed.」
The slowdown in demand for smartphones and tablet devices is specifically cited as evidence of the challenging conditions in the core market during the quarter. - FY2016First statedAnnual report
「Our Group's core products are highly dependent on smartphones, tablets and car navigation systems. Significant fluctuations in demand or pricing for these products could affect our Group's operating results and financial position.」
The concentration of core product applications in specific mobile and automotive devices is identified as a business risk.