Fluctuations in Semiconductor Market Conditions and Demand for Semiconductor Manufacturing Equipment
First written in FY2016. 10 of 36 entries say "Mitigated", first in FY2021-Q1. Latest entry: 2026-08-13.
Aval Data moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 41 of 56 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- 2026-08-13MitigatedEarnings
「In the semiconductor manufacturing equipment market closely related to our business, concerns remain about higher component procurement costs due to rising semiconductor memory prices. However, with demand for equipment for advanced logic applications driven by generative AI and for HBM remaining at high levels, expansion in front-end equipment and the full-scale commencement of investment in inspection equipment caused the business environment to turn around, with semiconductor manufacturing equipment-related businesses driving the increase.」
The company stated that although concerns about higher component procurement costs remain in the semiconductor manufacturing equipment market, the business environment turned around as demand remained high, front-end equipment expanded and investment in inspection equipment commenced in earnest. - FY2026WorsenedAnnual report
「Demand for HBM-related equipment driven by generative AI remained high in the semiconductor manufacturing equipment market closely related to the company. Demand for PCs and smartphones recovered gradually, but the pace of growth in demand for equipment for China slowed and capital spending in the factory automation sector continued to be restrained. Overall, the pace of recovery varied by sector and application.」
Although demand for HBM-related equipment remained high, the pace of market recovery varied due to restrained capital spending on equipment for China and in the factory automation sector. Semiconductor manufacturing equipment-related sales declined 28.1% from the previous fiscal year, and the impact of market-condition volatility was reflected in full-year results. - FY2026-H1WorsenedAnnual report
「Demand for HBM-related equipment, driven by generative AI, remained high in the semiconductor manufacturing equipment market closely related to the company. However, capital spending on automotive and industrial equipment continued to be restrained, and although the market as a whole showed signs of recovery, the recovery was delayed.」
Although demand for HBM-related equipment driven by generative AI remained high, the recovery of the overall market was delayed by restrained capital spending on automotive and industrial equipment. Semiconductor manufacturing equipment-related sales also declined 31.4% year on year, indicating that the impact of market-condition volatility continued. - FY2025-H1WorsenedAnnual report
「The semiconductor manufacturing equipment market closely related to the company has shown signs of recovery in capital-spending demand, but inventory adjustments for components and other items have continued and it will still take time to eliminate the supply-demand gap before orders are placed. Sales remained below expectations as further supply-demand adjustments occurred in some areas.」
Although capital-spending demand showed signs of recovery, component inventory adjustments and the supply-demand gap before orders are placed continued, and further supply-demand adjustments occurred. Semiconductor manufacturing equipment-related sales declined 15.7% year on year, and the impact of market-condition volatility continued. - FY2024MaterialisedAnnual report
「Although component supply constraints eased and completion and delivery of products in the order backlog progressed, shipments overall remained below expectations because the amount of price increases for expensive components passed on to customers declined and inventory adjustments in some areas were pushed into the next period. As a result, sales were ¥6,631 million, down 25.7% from the previous fiscal year.」
Inventory adjustments in the semiconductor manufacturing equipment market were pushed into the next period, and semiconductor manufacturing equipment-related sales declined 25.7% from the previous fiscal year. The impact of market volatility was reflected in full-year results. - FY2024-Q3SoftenedAnnual report
「The semiconductor manufacturing equipment market closely related to the company remained generally weak as sluggish demand and excess inventories caused capital spending across the supply chain to enter an adjustment phase. However, demand for capital spending has shown signs of bottoming out and recovering. Meanwhile, inventory adjustments for components and other items have continued, and it will still take time to eliminate the supply-demand gap in orders.」
While sluggish demand, excess inventories, and capital-spending adjustments continued in the semiconductor manufacturing equipment market, the company reported signs that capital-spending demand had bottomed out and was beginning to recover. However, inventory adjustments for components and other items and the supply-demand gap have continued. - FY2024-Q2WorsenedAnnual report
「The semiconductor manufacturing equipment market closely related to the company remained generally weak as sluggish demand and excess inventories caused capital spending across the supply chain to enter an adjustment phase, while inventory adjustments spread rapidly. Recovery is expected to take time.」
The company disclosed sluggish demand, excess inventories, capital-spending adjustments across the supply chain, and expanding inventory adjustments in the semiconductor manufacturing equipment market, stating that recovery would take time. - FY2024-Q1WorsenedAnnual report
「The semiconductor manufacturing equipment market closely related to the company entered an adjustment phase due to reduced capital spending resulting from falling memory prices, and recovery is expected to take time. Although the amount of price increases for expensive components passed on to customers declined, the easing of component supply constraints in some areas, together with progress in completing and delivering products in the order backlog, resulted in performance broadly in line with expectations. As a result, sales were ¥1,836 million, down 23.2% year on year.」
The company newly disclosed reduced capital spending associated with falling memory prices, an adjustment phase in the semiconductor manufacturing equipment market, and a prolonged recovery. Although completion and delivery of orders in backlog progressed, semiconductor manufacturing equipment-related sales declined 23.2% year on year. - FY2023WorsenedAnnual report
「The semiconductor manufacturing equipment market closely related to the company entered a challenging phase, as advanced-process semiconductors in the market reached saturation and capital spending came under pressure except in certain front-end processes.」
The company reported saturation in advanced-process semiconductors and challenging capital-spending conditions, except in certain front-end processes, in the semiconductor manufacturing equipment market. Completion and delivery of orders in backlog resulted in related sales of ¥8,926 million, up 63.7% from the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「The semiconductor manufacturing equipment market closely related to the company remained generally firm, although investment in DRAM-related equipment was reviewed.」
The semiconductor manufacturing equipment market newly disclosed a review of investment in DRAM-related equipment. Meanwhile, the overall market remained generally firm, and cumulative semiconductor manufacturing equipment-related sales for the quarter increased 76.0% year on year. - FY2023-Q2MitigatedAnnual report
「Sales increased substantially as capital spending on semiconductors for logic and foundry applications remained strong and the company passed higher market prices for expensive components on to selling prices. As a result, sales were ¥5,035 million, up 100.9% year on year.」
Capital spending on logic and foundry applications remained strong, and semiconductor manufacturing equipment-related sales increased 100.9% year on year. The company also identified passing higher market prices for expensive components on to selling prices as a factor behind the increase in sales. - FY2023-Q1MitigatedAnnual report
「Sales increased substantially as capital spending on semiconductors for logic and foundry applications and memory demand remained strong, and the company passed higher market prices for expensive components on to selling prices. As a result, sales were ¥2,391 million, up 90.4% year on year.」
Capital spending on logic and foundry applications and memory demand remained strong, and semiconductor manufacturing equipment-related sales increased 90.4% year on year. Although the risk of fluctuations in semiconductor market conditions remains, its impact on quarterly performance was mitigated by higher sales. - FY2022MitigatedAnnual report
「Sales remained firm as capital spending on semiconductors for logic and foundry applications and memory demand remained strong. As a result, sales were ¥5,452 million, up 43.4% from the previous fiscal year.」
Although the risk of fluctuations in semiconductor market conditions remains, capital spending on logic and foundry applications and memory demand were firm during the period, and semiconductor manufacturing equipment-related sales increased 43.4%. - FY2022-Q3MitigatedAnnual report
「This product provides control units for semiconductor manufacturing equipment. Sales remained firm as capital spending on semiconductors for logic and foundry applications and memory demand remained strong. As a result, sales were ¥3,964 million, up 44.9% year on year.」
Capital spending on logic and foundry applications and memory demand remained firm, and semiconductor manufacturing equipment-related sales increased 44.9% year on year. The disclosed information indicates that the impact on quarterly performance was mitigated. - FY2022-Q2MitigatedAnnual report
「Sales remained firm as capital spending on semiconductors for logic and foundry applications and memory demand remained strong. As a result, sales were ¥2,507 million, up 40.6% year on year.」
Capital spending on logic and foundry applications and memory demand remained firm, and semiconductor manufacturing equipment-related sales increased 40.6% year on year. The risk of market-condition volatility remains, but its impact was mitigated by higher sales during the quarter. - FY2022-Q1MitigatedAnnual report
「This product provides control units for semiconductor manufacturing equipment. Sales remained firm as capital spending on semiconductors for logic and foundry applications and memory demand remained strong. As a result, sales were ¥1,255 million, up 29.0% year on year.」
Capital spending on logic and foundry applications and memory demand remained firm, and semiconductor manufacturing equipment-related sales increased 29.0% year on year. Although the risk of market-condition volatility remains, its impact was mitigated during the quarter. - FY2021-Q3MitigatedAnnual report
「Although some major semiconductor manufacturers adjusted production, sales increased as NAND flash memory and other products remained firm. As a result, sales were ¥2,736 million, up 22.7% year on year.」
While some major semiconductor manufacturers adjusted production, NAND flash memory and other products remained firm, and semiconductor manufacturing equipment-related sales increased 22.7% year on year. The risk of market-condition volatility remains, but its impact was mitigated by higher sales during the quarter. - FY2021-Q2MitigatedAnnual report
「Although some major semiconductor manufacturers adjusted production, sales increased as NAND flash memory and other products remained firm. As a result, sales were ¥1,782 million, up 28.2% year on year.」
Although some manufacturers adjusted production, NAND flash memory and other products remained firm, and semiconductor manufacturing equipment-related sales increased 28.2% year on year. The risk of market-condition volatility remains, but its impact was mitigated during the quarter. - FY2021-Q1MitigatedAnnual report
「This product provides control units for semiconductor manufacturing equipment. As new capital spending by major semiconductor manufacturers recovered from its adjustment phase, sales increased substantially. As a result, sales were ¥973 million, up 49.2% year on year.」
New capital spending by major semiconductor manufacturers recovered from its adjustment phase, and semiconductor manufacturing equipment-related sales increased 49.2% year on year. Although the risk of market-condition volatility remains, a recovery was reported in the quarter. - FY2020MaterialisedAnnual report
「Although orders have been recovering since the second half of the fiscal year amid an adjustment in new capital spending by major semiconductor manufacturers, semiconductor manufacturing equipment-related sales declined from the previous fiscal year. As a result, sales were ¥3,149 million, down 6.2% from the previous fiscal year.」
The impact of the adjustment in semiconductor manufacturers' capital spending and the postponement of new capital spending was reflected in a 6.2% year-on-year decline in semiconductor manufacturing equipment-related sales for the full fiscal year. Meanwhile, the company also reported a recovery trend in orders in the second half of the fiscal year. - FY2020-Q3MaterialisedAnnual report
「Capital spending by major semiconductor manufacturers on 3D NAND was in an adjustment phase, and the postponement of new capital spending caused semiconductor manufacturing equipment-related sales to decline. As a result, sales were ¥2,230 million, down 16.0% year on year.」
The adjustment in capital spending by major semiconductor manufacturers and the postponement of new capital spending continued, and semiconductor manufacturing equipment-related sales declined 16.0% year on year. The risk of market-condition volatility continued to be reflected in performance figures. - FY2020-Q2MaterialisedAnnual report
「Capital spending by major semiconductor manufacturers on 3D NAND was in an adjustment phase, and the postponement of new capital spending caused semiconductor manufacturing equipment-related sales to decline. As a result, sales were ¥1,390 million, down 20.3% year on year.」
The adjustment in capital spending by major semiconductor manufacturers and the postponement of new capital spending continued, and the risk of market-condition volatility became evident in a 20.3% year-on-year decline in semiconductor manufacturing equipment-related sales. - FY2020-Q1MaterialisedAnnual report
「Capital spending by major semiconductor manufacturers on 3D NAND was in an adjustment phase, and the postponement of new capital spending caused semiconductor manufacturing equipment-related sales to decline. As a result, sales were ¥652 million, down 37.1% year on year.」
Capital spending by major semiconductor manufacturers entered an adjustment phase in the semiconductor manufacturing equipment-related market, and the postponement of new capital spending was reflected in a 37.1% year-on-year decline in related sales. The risk of fluctuations in a specific market had an actual impact on quarterly performance. - FY2019MaterialisedAnnual report
「As major semiconductor manufacturers continued to invest in equipment for 3D NAND, sales of semiconductor manufacturing equipment-related products declined due to the postponement of new capital spending in the second quarter. As a result, sales were ¥3,359 million, down 8.7% year on year.」
Capital spending was postponed in the semiconductor manufacturing equipment market, resulting in an 8.7% year-on-year decline in related sales. Orders declined 26.2% year on year, while order backlog declined 61.1%, indicating that market-condition volatility was reflected in the figures. - FY2019-Q3MaterialisedAnnual report
「Capital spending by major semiconductor manufacturers continued in the semiconductor manufacturing equipment-related market, but sales were affected by the postponement of new capital spending in the second quarter of the preceding period. As a result, sales declined slightly to ¥2,653 million, down 1.2% year on year.」
While capital spending by major semiconductor manufacturers continued, the impact of postponed new capital spending remained, and semiconductor manufacturing equipment-related sales declined 1.2% year on year. - FY2019-Q2MaterialisedAnnual report
「Capital spending by major semiconductor manufacturers has continued in the semiconductor manufacturing equipment-related market. In the second quarter, new capital spending was postponed, but contract-manufactured products overall performed steadily as industrial control equipment benefited from stable demand from existing customers and progress in sales efforts targeting new customers.」
While capital spending by major manufacturers continued in the semiconductor manufacturing equipment market, new capital spending was postponed, causing semiconductor manufacturing equipment-related sales to decline 1.9% year on year. - FY2019-Q1RestatedAnnual report
「Amid continued strong investment in next-generation process-related equipment by major semiconductor manufacturers in the semiconductor manufacturing equipment industry closely related to the company, capital spending on industrial equipment overall has also continued to recover, and contract-manufactured products, semiconductor manufacturing equipment-related products, and the company's own image-processing modules have all performed steadily.」
Investment in next-generation process-related equipment by major semiconductor manufacturers has continued, and the company has reconfirmed that trends in the semiconductor manufacturing equipment-related market affect business conditions. - FY2018RestatedAnnual report
「Semiconductor manufacturing equipment-related business is an important business area for the company, and sudden fluctuations in semiconductor market conditions have the greatest impact on its performance. Accordingly, an unexpected substantial decline in market size could affect the company's performance and cash flow through lower orders, higher inventories, and other factors.」
The company continues to disclose the risk that sudden changes in semiconductor market conditions may affect orders, inventories, performance, and cash flow. - FY2018-Q3RestatedAnnual report
「Amid continued strong investment in next-generation process-related equipment by major semiconductor manufacturers in the semiconductor manufacturing equipment industry closely related to the group, capital spending on industrial equipment overall has also been recovering, and contract-manufactured products, semiconductor manufacturing equipment-related products, and the company's own image-processing modules have all performed steadily.」
Capital spending by major semiconductor manufacturers has continued, and the company has reconfirmed that trends in the semiconductor manufacturing equipment-related market affect business conditions. - FY2018-Q2RestatedAnnual report
「Amid continued strong investment in next-generation process-related equipment by major semiconductor manufacturers in the semiconductor manufacturing equipment industry closely related to the group, capital spending on industrial equipment overall has also been recovering, and contract-manufactured products, semiconductor manufacturing equipment-related products, and the company's own image-processing modules have all performed steadily.」
Capital spending in the semiconductor manufacturing equipment-related business has continued, and the company has reconfirmed that trends in this market affect business conditions. - FY2018-Q1RestatedAnnual report
「Investment by major semiconductor manufacturers in the semiconductor manufacturing equipment-related market has continued. Industrial control equipment performed steadily across all contract-manufactured products, supported by stable demand from existing customers and progress in sales efforts targeting new customers.」
The company has reconfirmed that capital spending in the semiconductor manufacturing equipment-related market has continued. - FY2017-Q3RestatedAnnual report
「As major semiconductor manufacturers continued to invest in equipment for 3D NAND, sales increased across the semiconductor manufacturing equipment-related business.」
Semiconductor manufacturing equipment-related business remains at the core of operations, and the company has reconfirmed that capital spending trends among major semiconductor manufacturers affect sales. - FY2017-Q2RestatedAnnual report
「This product provides control units for semiconductor manufacturing equipment. As major semiconductor manufacturers continued to invest in equipment for 3D NAND, sales increased across the semiconductor manufacturing equipment-related business.」
Semiconductor manufacturing equipment-related business remains at the core of operations, and the company has reconfirmed that capital spending trends among major semiconductor manufacturers affect sales. - FY2016First statedAnnual report
「Semiconductor manufacturing equipment-related business is an important business area for the group, and sudden fluctuations in semiconductor market conditions have the greatest impact on the group's performance.」
A substantial decline in market size is expected to result in lower orders, higher inventories, and an impact on performance and cash flow.