Dependence on Major Customers and the Semiconductor Manufacturing Equipment Sector
First written in FY2016. 9 of 26 entries say "Restated". Latest entry: FY2026.
Aval Data moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2018: 7 of 17 companies on the "Worse" side.
4 other companies' latest entry also says "Other".
- FY2026Lower semiconductor-related revenue alongside higher non-semiconductor revenueAnnual report
「Revenue from contract-manufactured semiconductor manufacturing equipment-related products was ¥4,144 million, down 28.1% year on year, while industrial control equipment was ¥1,061 million, up 4.5%, and measuring instruments were ¥507 million, up 33.1%.」
Although lower revenue due to dependence on the semiconductor manufacturing equipment sector continued, higher revenue from industrial control equipment and measuring instruments occurred concurrently. The sales share of the 3 major customers was 53.5%, indicating continued concentration among major customers. - FY2026-H1Lower semiconductor-related revenue alongside higher non-semiconductor revenueAnnual report
「Although some customers in inspection equipment and factory automation-related businesses remained firm, overall performance was slightly below expectations. As a result, net sales were ¥518 million, up 9.0% from the previous interim accounting period.」
While semiconductor manufacturing equipment-related business, the company's main area of concentration, declined 31.4% year on year, industrial control equipment increased 9.0% and measuring instruments increased 57.7%. Lower semiconductor-related revenue and higher revenue from non-semiconductor fields occurred concurrently. - FY2025-H1Lower semiconductor-related revenue alongside firm performance in non-semiconductor fieldsAnnual report
「Although component supply constraints continued to ease and progress was made in completing and delivering products in the order backlog, further supply-demand adjustments arose in some areas, resulting in overall performance below expectations. As a result, net sales were ¥2,860 million, down 15.7% from the previous interim accounting period.」
Semiconductor manufacturing equipment-related business, the company's main area of concentration, declined 15.7% year on year. In contrast, industrial control equipment increased 0.7%, while medical equipment and embedded modules for power-related applications exceeded expectations, indicating a concurrent decline in the concentrated business area and relatively firm performance in non-semiconductor fields. - FY2024MitigatedAnnual report
「Tokyo Electron Technology Solutions Co., Ltd.: ¥4,456.955 million (35.4%); Tokyo Electron Miyagi Co., Ltd.: ¥1,788.211 million (14.2%)」
The combined sales share of the top 2 major customers was 49.6%, down from 52.4% in the previous period. Although dependence on semiconductor-related customers remains, customer concentration has declined. - FY2024-Q3Lower semiconductor revenue alongside higher revenue from non-semiconductor fieldsAnnual report
「Although the portion attributable to the pass-through of higher prices for high-value components declined, component supply constraints continued to ease, enabling the completion and delivery of products in the order backlog. Shipments overall were therefore broadly in line with expectations. As a result, net sales were ¥5,041 million, down 27.8% year on year.」
While semiconductor manufacturing equipment-related business, the company's main area of concentration, declined 27.8% year on year, revenue continued to increase in non-semiconductor fields such as industrial control equipment and measuring instruments. - FY2024-Q2Lower semiconductor-related revenue alongside higher revenue from non-semiconductor fieldsAnnual report
「In semiconductor manufacturing equipment-related business, the easing of component supply constraints enabled progress in completing and delivering products in the order backlog, and performance was broadly in line with expectations. As a result, net sales were ¥4,106 million, down 25.0% year on year. Industrial control equipment overall performed as expected as the order backlog was worked down. As a result, net sales were ¥472 million, up 59.3% year on year.」
While semiconductor manufacturing equipment-related business, the company's main area of concentration, declined, industrial control equipment and other non-semiconductor fields recorded higher revenue. The weakness in the concentrated business area and progress in diversification across fields were reported concurrently. - FY2024-Q1Lower revenue from semiconductor manufacturing equipment-related business alongside higher revenue from non-semiconductor fieldsAnnual report
「Although the portion attributable to the pass-through of higher prices for high-value components declined, the easing of component supply constraints, as in the previous period, enabled progress in completing and delivering products in the order backlog. As a result, performance was broadly in line with expectations. Net sales were ¥1,836 million, down 23.2% year on year.」
While semiconductor manufacturing equipment-related business, the company's main area of concentration, declined 23.2% year on year, higher revenue was reported for industrial control equipment, measuring instruments and proprietary products. The decline in the concentrated business area and higher revenue from other fields were reported concurrently. - FY2023WorsenedAnnual report
「Tokyo Electron Technology Solutions Co., Ltd.: ¥6,109.021 million (42.5%); Tokyo Electron Miyagi Co., Ltd.: ¥2,350.512 million (16.3%)」
The combined sales share of the top 2 companies was 58.8%, up from 52.4% for the top 2 companies in the previous period. The concentration of sales among major customers has increased on a numerical basis. - FY2023-Q3RestatedAnnual report
「In semiconductor manufacturing equipment-related operations, capital investment by major semiconductor manufacturers was reviewed, but performance remained generally firm.」
The ongoing description states that the capital expenditure trends of major semiconductor manufacturers continue to affect business conditions. Although capital expenditure reviews are taking place, semiconductor manufacturing equipment-related business overall remained firm. - FY2023-Q2RestatedAnnual report
「In semiconductor manufacturing equipment-related operations, capital investment by major semiconductor manufacturers progressed steadily, but industrial control equipment saw a downturn at some customers due to delivery delays and other factors.」
Although dependence on semiconductor manufacturing equipment-related operations and capital investment by major semiconductor manufacturers continues, the Company describes a downturn in industrial control equipment at some customers due to delivery delays and other factors. - FY2022WorsenedAnnual report
「Tokyo Electron Technology Solutions Co., Ltd. ¥3,271,478 thousand (33.4%), Tokyo Electron Miyagi Co., Ltd. ¥1,863,317 thousand (19.0%), Nikon Corporation ¥717,848 thousand (7.3%)」
The three major customers' combined share of sales rose to 59.7%, from 46.4% in the previous fiscal year. Sales concentration on major customers and the semiconductor manufacturing equipment sector has increased numerically. - FY2022-Q2RestatedAnnual report
「In semiconductor manufacturing equipment-related operations, capital investment by major semiconductor manufacturers progressed steadily. Although a downturn was seen in industrial control equipment and measuring instruments, contract-manufactured products overall performed steadily.」
The Company reaffirms the structure in which semiconductor manufacturing equipment-related operations and capital investment by major semiconductor manufacturers are key assumptions for contract-manufactured products. - FY2021-Q2RestatedAnnual report
「In semiconductor manufacturing equipment-related operations, capital investment by major semiconductor manufacturers progressed steadily. In industrial control equipment and measuring instruments, steady demand from existing customers supported steady performance across contract-manufactured products overall.」
The Company reaffirms the structure in which semiconductor manufacturing equipment-related operations, capital investment by major semiconductor manufacturers, and stable demand from existing customers support contract-manufactured products. - FY2021-Q1RestatedAnnual report
「In semiconductor manufacturing equipment-related operations, capital investment by major semiconductor manufacturers recovered from the adjustment phase and progressed steadily. In industrial control equipment and measuring instruments, steady demand from existing customers supported steady performance across contract-manufactured products overall.」
The Company reaffirms its dependence on semiconductor manufacturing equipment-related operations and capital investment by major semiconductor manufacturers. It states that performance was also supported by stable demand from existing customers. - FY2020MitigatedAnnual report
「Tokyo Electron Technology Solutions Co., Ltd. ¥1,681,104 thousand (21.5%), Tokyo Electron Miyagi Co., Ltd. ¥1,011,716 thousand (12.9%), Nikon Corporation ¥940,890 thousand (12.0%)」
The three major customers' combined share of sales was 46.4%, down from 49.3% in the previous fiscal year. Although customer concentration declined, dependence on semiconductor manufacturing equipment-related operations and the impact of capital investment trends in that sector remain. - 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.」
For semiconductor manufacturing equipment-related operations, a major area of dependence, the impact of adjustments to and postponement of capital investment by major manufacturers appeared as a 16.0% year-on-year decline in sales. - FY2020-Q2MaterialisedAnnual report
「In the semiconductor manufacturing equipment-related market, capital investment by major semiconductor manufacturers was in an adjustment phase, and the Company was affected by the postponement of new capital investment. Meanwhile, in industrial control equipment, steady demand from existing customers and progress in sales activities targeting new customers resulted in steady performance across contract-manufactured products overall.」
In connection with its dependence on the semiconductor manufacturing equipment sector, adjustments to and postponement of capital investment appeared as a 16.3% year-on-year decline in contract-manufactured product sales. Meanwhile, sales activities targeting new customers progressed in industrial control equipment. - 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.」
In connection with its dependence on the semiconductor manufacturing equipment sector, adjustments to and postponement of capital investment by major manufacturers became apparent as a 37.1% decline in related sales. Meanwhile, sales activities targeting new customers progressed in industrial control equipment. - FY2019MitigatedAnnual report
「Tokyo Electron Technology Solutions Co., Ltd. ¥1,880,974 thousand (24.4%), Tokyo Electron Miyagi Co., Ltd. ¥982,263 thousand (12.8%), Nikon Corporation ¥933,565 thousand (12.1%)」
The three major customers' combined share of sales was 49.3%, down from 54.0% in the previous fiscal year. Dependence on major customers and the semiconductor manufacturing equipment sector remains, but the quantified customer concentration has declined. - FY2019-Q3MaterialisedAnnual report
「In the semiconductor manufacturing equipment-related market, capital investment by major semiconductor manufacturers continued, but the postponement of new capital investment in the second quarter of the preceding fiscal period affected results, and semiconductor manufacturing equipment-related sales declined slightly.」
For semiconductor manufacturing equipment-related operations, a major area of dependence, the impact of postponed new capital investment appeared as a 1.2% year-on-year decline in sales. - 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.」
In connection with its dependence on the semiconductor manufacturing equipment sector, the postponement of new capital investment affected semiconductor manufacturing equipment-related sales. Meanwhile, sales activities targeting new customers progressed in industrial control equipment. - FY2019-Q1RestatedAnnual report
「In the semiconductor manufacturing equipment-related market, capital investment by major semiconductor manufacturers continued. In industrial control equipment, steady demand from existing customers and progress in sales activities targeting new customers resulted in steady performance across contract-manufactured products overall.」
Although the semiconductor manufacturing equipment-related market and capital investment by major semiconductor manufacturers remain key business assumptions, the Company also describes progress in sales activities targeting new customers for industrial control equipment. - FY2018RestatedAnnual report
「Tokyo Electron Technology Solutions Co., Ltd. ¥1,917,253 thousand (25.3%), Tokyo Electron Miyagi Co., Ltd. ¥1,230,154 thousand (16.2%), Nikon Corporation ¥948,954 thousand (12.5%)」
The three major customers accounted for 54.0% of sales, quantifying the Company's dependence on semiconductor manufacturing equipment-related operations and major customers. - FY2018-Q2RestatedAnnual 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 continues to describe its dependence on the semiconductor manufacturing equipment sector and on capital investment by major customers. - FY2018-Q1RestatedAnnual report
「As capital investment related to next-generation processes by major semiconductor manufacturers continued in the semiconductor manufacturing equipment industry, which is closely related to the Group, capital investment in industrial equipment overall was recovering. Contract-manufactured products, semiconductor manufacturing equipment-related products, and proprietary products, including image-processing modules, all performed steadily.」
Semiconductor manufacturing equipment-related operations remain a major business area, and the Company reaffirms the structure in which capital investment trends among major semiconductor manufacturers affect business conditions. - FY2016First statedAnnual report
「The semiconductor manufacturing equipment sector is the Company's core business base and is highly susceptible to economic fluctuations characteristic of the industry.」
The Company's major customers accounted for 14.3% of current-period sales for Tokyo Electron Tohoku and 11.6% for Nikon. Diversification of markets and customers is the Company's policy response.