Lighting and Irradiation Light Sources: Technology, Pricing and Demand Volatility Risks

「Cinema utilization was recovering as the effects of the Hollywood strikes subsided, but sales of xenon lamps for cinema projectors declined as laser projectors gained traction.」

「Cinema utilization was recovering as the effects of the Hollywood strikes subsided, but sales of xenon lamps for cinema projectors declined due to the shift to solid-state light sources. Sales of projector lamps for general video applications also declined for the same reason, and revenue fell further due to the appreciation of the yen.」

「Cinema utilization declined due mainly to content shortages caused by the Hollywood strikes, resulting in lower sales of xenon lamps for cinema projectors. Sales of projector lamps for general video applications also declined as the shift to solid-state light sources progressed, resulting in lower revenue.」

「Demand for xenon lamps for cinema projectors remained firm as cinema operations improved following the recovery from COVID-19, but sales of projector lamps for general video applications declined as the shift to solid-state light sources progressed, resulting in lower revenue.」

「Although sales of xenon lamps for cinema projectors increased as cinema utilization recovered in the Chinese market, sales declined due to the impact of the shift to solid-state light sources, particularly for data projector lamps, resulting in lower revenue.」

「Although sales of xenon lamps for cinema projectors increased as the Chinese market recovered from the spread of COVID-19, sales declined due to the impact of the shift to solid-state light sources, particularly for data projector lamps, resulting in lower revenue.」

「Demand for sodium lamps sold mainly for multiple applications in Europe and the United States contracted rapidly as solid-state light sources gained ground, resulting in an inventory write-down being recognized.」

「Demand for sodium lamps sold mainly for multiple applications in Europe and the United States contracted rapidly as solid-state light sources gained ground, resulting in an inventory write-down.」

「Demand for sodium lamps sold mainly for multiple applications in Europe and the United States contracted rapidly as solid-state light sources gained ground, resulting in an inventory write-down.」

「For exposure UV lamps, production equipment operated at high levels as demand increased for semiconductors and electronic devices, driven by the practical deployment of 5G and the growing use of IoT and AI, and for LCD panels for mobile devices and monitors, driven by stay-at-home demand, resulting in increased sales of replacement lamps. For xenon lamps for cinema projectors, sales of replacement lamps increased as cinemas reopened and operations recovered with the resumption of economic activity despite the resurgence of COVID-19 in various countries.」

「Sales of xenon lamps for cinema projectors increased as cinemas reopened and operations recovered. As a result, revenue from discharge lamps increased year on year.」

「Sales of exposure UV lamps for semiconductors and electronic devices remained strong, driven by the practical deployment of 5G and the growing use of IoT and AI. For flat-panel displays, sales increased as demand for LCD panels for mobile devices and monitors remained firm and production equipment continued to operate at high levels. Sales of xenon lamps for cinema projectors increased as cinemas reopened and operations recovered with the resumption of economic activity amid the wider rollout of COVID-19 vaccinations in various countries.」

「Sales of exposure UV lamps for semiconductors and electronic devices remained strong, driven by the practical deployment of 5G and the growing use of IoT and AI. For flat-panel displays, replacement demand and sales increased as production equipment continued to operate at high levels amid stronger demand for LCD panels for mobile devices and monitors driven by stay-at-home demand. Sales of xenon lamps for cinema projectors also increased as cinemas, particularly in China, Europe and the United States, reopened steadily amid the wider rollout of COVID-19 vaccinations in various countries.」

「Sales of exposure UV lamps for semiconductors and electronic devices remained firm, driven by the practical deployment of 5G and the growing use of IoT and AI. For flat-panel displays, sales and replacement demand increased as production equipment continued to operate at high levels amid stronger demand for LCD panels for mobile devices and monitors driven by stay-at-home demand. Meanwhile, sales of xenon lamps for cinema projectors had been sluggish in the previous fiscal year due to COVID-19, but replacement demand and sales increased as cinemas, particularly in Europe and the United States, began reopening amid the wider rollout of COVID-19 vaccinations in various countries.」

「Demand for xenon and halogen lamps for cinema projectors declined sharply due to the increasing adoption of solid-state light sources and the spread of COVID-19, resulting in lower revenue for the light-source business as a whole.」

「Meanwhile, demand for xenon lamps for cinema projectors declined as lamp demand fell with the increasing adoption of solid-state light sources (LDs and LEDs) in projectors. Cinemas around the world also successively suspended operations due to the impact of COVID-19. Although cinemas began reopening in some regions, including Asia, from the second quarter, the reopening and recovery of operations in major regions of North America and EMEA were slower than expected due to the resurgence of COVID-19, resulting in a sharp decline in replacement demand.」

「Meanwhile, demand for xenon lamps for cinema projectors declined as lamp demand fell with the increasing adoption of solid-state light sources and cinemas around the world successively suspended operations due to COVID-19. Although cinemas began reopening from the second quarter except in some regions, reopening was slower than expected in major regions, particularly Europe and the United States, and some cinemas remain closed. Even in regions that have reopened, operations remain limited, resulting in a sharp decline in replacement demand.」

「For exposure UV lamps, replacement demand declined mainly in the flat-panel display market due to the effects of LCD panel production adjustments and falling panel prices caused by excess LCD panel supply, as well as lower utilization and temporary shutdowns in China resulting from the spread of COVID-19. For xenon lamps for cinema projectors, lamp demand declined as projectors increasingly adopted solid-state light sources, while replacement demand fell sharply as cinemas around the world suspended operations due to the spread of COVID-19.」

「For exposure UV lamps, capital investment in large LCD displays, mainly in China, remained firm in the flat-panel display market, but investment restraint and low utilization continued in the small- and medium-sized LCD display, OLED display and semiconductor manufacturing markets due to the effects of production adjustments in South Korea, falling LCD panel prices, the slowdown in the Chinese economy and sluggish smartphone demand, resulting in lower replacement demand. For xenon lamps for cinema projectors, replacement demand declined as demand grew in the cinema sector for projectors using solid-state light sources. Unit prices also fell due to intensifying competition. Demand for data projector lamps also declined as demand grew across the market for projectors using solid-state light sources. As a result, revenue from discharge lamps declined year on year.」

「For exposure UV lamps, capital investment in large LCD displays, mainly in China, remained firm in the flat-panel display market, but investment restraint and lower utilization continued in the small- and medium-sized LCD display, OLED display and semiconductor manufacturing markets due to sluggish smartphone demand, resulting in lower replacement demand. For xenon lamps for cinema projectors, replacement demand declined as demand grew for projectors using solid-state light sources in the cinema sector, while unit prices fell due to intensifying competition and increased use of projectors for extended periods by users. Demand for data projector lamps also declined as demand grew across the market for projectors using solid-state light sources.」

「Demand for replacement exposure UV lamps for large LCD displays remained firm, but replacement demand remained weak as investment restraint continued in OLED displays and semiconductor manufacturing. For xenon lamps for cinema projectors, replacement demand gradually declined as projectors increasingly adopted solid-state light sources, while product prices fell amid intensifying competition. Demand for data projector lamps also declined as projectors across the market increasingly adopted solid-state light sources.」

「Demand for xenon lamps for cinema projectors declined due to the shift to solid-state light sources in projectors, mainly in China, and unit prices fell due to intensified competition. Demand for data projector lamps also declined, as sales of high-wattage products, which had expanded after being adopted for a specific customer’s new product in the same period of the previous year, fell, while adoption of solid-state light sources in projectors expanded across the market.」

「Demand for UV lamps for exposure equipment declined as demand related to organic EL displays, which had expanded in the previous fiscal year, showed signs of leveling off, although demand for lamps driven by increased capital investment in large-sized LCD displays increased. For xenon lamps for cinema projectors, the shift to solid-state light sources installed in projectors adopted by newly built cinemas in China progressed, while unit prices also declined due to intensified competition.」

「Demand for UV lamps for exposure equipment declined as demand related to organic EL displays, which had expanded in the previous fiscal year, showed signs of leveling off, although demand for lamps driven by increased capital investment in large-sized LCD displays increased. For xenon lamps for cinema projectors, demand for replacement lamps trended lower as the shift to solid-state light sources installed in cinema projectors progressed in China.」

「In office automation applications, the proportion of high-value-added environmentally friendly products continued to increase amid declining demand for office equipment, but revenue declined due to the foreign exchange impact of yen appreciation.」

「Overall sales of halogen lamps weakened slightly as the shift to solid-state light sources progressed for lighting lamps. However, sales of office automation lamps remained firm as the proportion of high-value-added, environmentally friendly lamps continued to increase.」

「Demand for replacement lamps trended lower as the shift to solid-state light sources for cinema projectors progressed in China.」

「Demand for xenon lamps for cinema projectors increased as new cinema screens continued to be built, mainly in China, but sales weakened as the impact of intensifying competition continued.」

「Demand for xenon lamps for cinema projectors increased as new cinema screens continued to be built, mainly in China, but the business was affected by intensified price competition.」

「Demand for xenon lamps for cinema projectors increased as new cinema screens continued to be built, mainly in China, but revenue declined due to intensified price competition and foreign exchange effects. Revenue from halogen lamps also declined in office automation applications due to lower demand resulting from economic weakness in emerging markets and foreign exchange effects.」

「Demand for xenon lamps for cinema projectors increased as new cinema screens continued to be built, mainly in emerging markets, but revenue declined due to intensified price competition and foreign exchange effects. Revenue from halogen lamps also declined in office automation applications due to lower demand resulting from economic weakness in emerging markets and foreign exchange effects.」

「Demand for xenon lamps for cinema projectors increased as new cinema screens continued to be built, mainly in emerging markets, but revenue declined due to the negative rebound from the previous fiscal year, intensified price competition and foreign exchange effects.」

「In addition to semiconductors and LCDs, our Group supplies the market with various lighting products and light sources installed in data projectors and digital cinema projectors. These light sources are affected by market trends in technology, pricing and demand, which may have a material impact on our Group’s operating results and financial position.」