Capital Investment Demand for G8.5 and G10 LCD Panels and OLED
First written in FY2017-Q1. 12 of 33 entries say "Restated". Latest entry: FY2026.
Helios Techno Holding moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 5 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In Asian markets, particularly China, the Chinese economy remained weak for an extended period against the backdrop of sluggish external demand and slower economic growth. Worsening U.S.-China tensions also weighed on companies' capital investment, which remained weak, and the operating environment continued to be unpredictable.」
Prolonged weakness in the Chinese economy, sluggish external demand and intensifying U.S.-China tensions left corporate capital investment weak and the business environment unpredictable. - FY2026-H1Front-loaded exports ahead of tariffs alongside weak Chinese economy and failure of capital investment sentiment to recoverAnnual report
「In Asian markets, particularly China, exports were increasingly brought forward in preparation for U.S. tariffs and anticipated expansion of trade barriers. However, companies' willingness to invest had not recovered because of the prolonged weakness of the Chinese economy and worsening U.S.-China tensions, and conditions remained unpredictable.」
Front-loaded exports ahead of U.S. tariffs increased, but companies' capital investment sentiment failed to recover amid the prolonged weakness of the Chinese economy and worsening U.S.-China tensions. - FY2025WorsenedAnnual report
「In Asian markets centered on China, our group’s main market, some recovery was evident, particularly in manufacturing, as a result of various Chinese government economic policies. However, the stagnation of the Chinese economy was prolonged, and concerns that capital investment could be restrained grew amid intensifying U.S.-China tensions. Conditions remained unpredictable.」
The filing cited signs of recovery in some manufacturing sectors but also prolonged stagnation in China, worsening U.S.-China tensions and concerns about restrained capital investment, increasing uncertainty in the principal market. - FY2025-H1RestatedAnnual report
「In Asian markets, particularly China, some IT and EV-related sectors remained firm, but overall economic growth in China slowed and the effects of various government economic policies were limited. Companies therefore remained cautious about capital investment, and conditions remained uncertain.」
Some IT and EV-related sectors remained firm, while slower overall growth, limited policy effects, cautious capital investment and uncertainty continued to be reported. - FY2024-Q3RestatedAnnual report
「In Asian markets, particularly China, companies appeared cautious about capital investment, while economic growth slowed in some areas. Conditions therefore remained uncertain.」
The cautious stance toward capital investment, partial slowdown in economic growth and uncertainty in Asian markets centered on China continued from the previous quarter. - FY2024-Q2More cautious capital investment in China and continued uncertainty in the global economyAnnual report
「In Asian markets, particularly China, companies appeared cautious about capital investment in China, and economic growth slowed in some areas. Conditions therefore remained uncertain.」
The filing described a cautious stance toward capital investment, some slowdown in economic growth and continued uncertainty in Asian markets centered on China. - FY2024-Q1Economic recovery alongside slower growth and uncertainty over capital investment demandAnnual report
「In Asian markets, particularly China, the economy was recovering because of a recovery in consumption, but economic growth was slowing and the outlook for capital investment demand and other factors remained uncertain.」
The filing described an economic recovery driven by consumption, while noting slower economic growth and uncertainty over the outlook for capital investment demand. - FY2023-Q3Economic growth slowdown explicitly added to activity restrictionsAnnual report
「In Asian markets centered on China, economic activity remained restricted by lockdowns under China’s zero-COVID policy, while economic growth slowed. Developments in the market continued to require close monitoring.」
Lockdowns and restrictions on economic activity under China’s zero-COVID policy continued, and the slowdown in economic growth was also explicitly noted. - FY2023-Q2Lockdowns under China's zero-COVID policy and continued supply constraintsAnnual report
「During the first half of the current consolidated fiscal year, Japan’s economy began to show signs of recovery as restrictions on activity related to COVID-19 were eased. However, the global economy remained uncertain because of the prolonged situation in Ukraine, higher crude oil prices, supply constraints caused by raw material shortages, the sharp depreciation of the yen and growing inflation concerns. In Asian markets centered on China, economic activity was restricted by lockdowns under China’s zero-COVID policy, and developments required continued monitoring.」
The filing described signs of recovery following the easing of restrictions, while also noting supply constraints from raw-material shortages, yen depreciation, inflation concerns, and lockdowns and restrictions on economic activity under China's zero-COVID policy. - FY2023-Q1Easing of restrictions alongside uncertainty from inflation, yen depreciation and the Shanghai lockdownAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained uncertain despite expectations for the normalization of economic and social activity following the easing of restrictions related to COVID-19. Tensions over the Ukraine situation, higher crude oil and raw-material prices, rapid yen depreciation and rising inflation concerns continued to weigh on the outlook. In Asian markets, particularly China, the prolonged lockdown in Shanghai resulting from the renewed spread of COVID-19 also affected socioeconomic activity, requiring close monitoring of developments.」
Expectations for normalization following the easing of restrictions were offset by the Ukraine situation, higher crude oil and raw-material prices, rapid yen depreciation, inflation concerns and the prolonged Shanghai lockdown. - FY2022Slower economic recovery because of the Ukraine situation, semiconductor shortages and other factorsAnnual report
「Economic activity in Asian markets, including China, was recovering, but numerous risk factors remained, including the renewed spread of COVID-19, heightened tensions over the Ukraine situation, the global semiconductor shortage and the prolonged U.S.-China trade dispute. The pace of economic recovery slowed, and uncertainty over the outlook continued.」
The filing stated that recovery in Asian markets continued, but the pace slowed because of renewed COVID-19 infections, the Ukraine situation, semiconductor shortages and the prolonged U.S.-China trade dispute. - FY2022-Q3Renewed infection risk from variants alongside economic recoveryAnnual report
「As the impact of the spread of COVID-19 continued for an extended period, economic activity was recovering moderately because of the wider availability of vaccines and government economic measures. However, the spread of highly transmissible variants caused infection risk to rise again, and conditions remained unstable. In Asian markets, particularly China, the impact of COVID-19 remained limited and economic activity was recovering, but numerous risk factors remained, including the global semiconductor shortage and the prolonged U.S.-China trade dispute, leaving continued uncertainty over the outlook.」
In Japan, recovery and renewed infection risk coexisted. In Asian markets centered on China, recovery continued alongside uncertainty caused by semiconductor shortages and the U.S.-China trade dispute. - FY2022-Q2Stronger recovery in Asian markets, but sources of concern persistAnnual report
「In Asian markets, particularly China, economic activity recovered steadily following the early containment of COVID-19, although infections continued. However, numerous risk factors remained, including the global semiconductor shortage and the prolonged U.S.-China trade dispute, and uncertainty over the outlook continued.」
The description of economic activity in Asian markets strengthened from recovery to steady recovery, while uncertainty caused by the global semiconductor shortage and prolonged U.S.-China trade dispute continued. - FY2022-Q1Market recovery accompanied by semiconductor shortages and uncertainty from trade disputesAnnual report
「In Asian markets, particularly China, economic activity was recovering following the early containment of COVID-19. However, numerous risk factors remained, including the global semiconductor shortage and the prolonged U.S.-China trade dispute, and uncertainty over the outlook continued.」
Economic activity in Asian markets centered on China was recovering, while the global semiconductor shortage and prolonged U.S.-China trade dispute emerged as additional risk factors. - FY2021RestatedAnnual report
「In Asian markets, particularly China, the impact of the spread of COVID-19 was limited and economic activity was recovering. However, capital investment demand remained subdued because of uncertainty in the global economy, including the prolonged U.S.-China trade dispute, resulting in a challenging operating environment. Against this backdrop, our Group worked to reduce costs.」
Economic activity in Asian markets was recovering, while subdued capital investment demand and a challenging operating environment continued. - FY2021-Q3Limited impact from COVID-19, but continued restraint on capital investment demandAnnual report
「In Asian markets, particularly China, the impact of the spread of COVID-19 was limited and economic activity was recovering. However, capital investment demand remained subdued because of uncertainty in the global economy, including the prolonged U.S.-China trade dispute, resulting in a challenging operating environment. Against this backdrop, our Group worked to reduce costs.」
The impact of COVID-19 was limited and economic activity was recovering in Asian markets centered on China, but subdued capital investment demand and a challenging operating environment continued because of uncertainty, including the U.S.-China trade dispute. - FY2021-Q2Diminishing impact of COVID-19, but continued restraint in capital investment demandAnnual report
「In Asian markets, primarily China, our Group’s main market, the impact of the spread of COVID-19 was gradually diminishing and economic activity was on a gradual recovery trend. However, capital investment demand remained restrained due to uncertainty in overseas economies, including the prolonged US-China trade dispute, resulting in a challenging business environment.」
The impact of COVID-19 was gradually diminishing and economic activity was recovering moderately, while restrained capital investment demand and a challenging business environment continued due to uncertainty, including the prolonged US-China trade dispute. - FY2021-Q1WorsenedAnnual report
「The prolonged US-China trade dispute and other factors affecting the uncertainty in overseas economies continued to restrain capital investment demand in Asian markets, primarily China, resulting in an extremely challenging business environment.」
Capital investment demand remained restrained in Asian markets, primarily China, and the phrase “extremely challenging business environment” was used. - FY2020WorsenedAnnual report
「In the LCD panel industry, restraint on capital investment has intensified, and capital investment demand in Asian markets, primarily China, has slowed, resulting in a challenging business environment.」
States explicitly that restraint on capital investment intensified, demand in Asian markets, primarily China, slowed, and the business environment remained challenging. - FY2020-Q3RestatedAnnual report
「In the LCD panel industry, another major market for our Group, capital investment demand in Asian markets, primarily China, continued to slow amid continued uncertainty over the outlook.」
Reconfirms that capital investment demand for LCD panels in Asian markets, primarily China, remained on a slowing trend amid uncertainty over the outlook. - FY2020-Q2RestatedAnnual report
「In the LCD panel industry, another major market for our Group, capital investment demand in Asian markets, primarily China, remained on a slowing trend amid uncertainty over the outlook.」
Reconfirms that capital investment demand for LCD panels in Asian markets, primarily China, remained on a slowing trend amid uncertainty over the outlook. - FY2020-Q1Slowing momentum in China’s capital investmentAnnual report
「The LCD panel industry, which is our group’s main market, continued to see a series of investments centered on China in response to the trend toward larger television panels. However, investment momentum slowed amid growing uncertainty over the outlook, including as a result of the U.S.-China trade dispute.」
Capital investment in LCD panels, primarily in China, continued, but momentum slowed amid uncertainty over the outlook, including due to US-China trade tensions. - FY2019RestatedAnnual report
「Capital investment in LCD panel manufacturing, our group’s main market, was entering the final phase of a series of large-scale investments undertaken over the past several years and remained robust, particularly for G8.5 and G10 panels. As a new development, investment in production of panels for 8K televisions was being undertaken, while development activity was increasing in curved LCD panels for automotive applications and other areas, which were attracting attention as new growth fields.」
The filing again confirmed that large-scale investment was entering its final phase, while new developments in 8K television panels and automotive and other curved-panel applications continued. - FY2019-Q3Large-scale investment entering its final phase and expansion into 8K and automotive curved-panel applicationsAnnual report
「Capital investment in LCD panel production, our Group’s main market, was entering the final phase of a series of large-scale investments that had continued for several years and remained active, particularly for G8.5 and G10 panels. As a new development, investment in production of panels for 8K televisions was gaining attention, while curved LCD panels for automotive applications and other areas were attracting interest as a new growth field, driving more active development.」
Large-scale investment in G8.5 and G10 panels was entering its final phase, while new investment in 8K television panels and increased development of automotive and other curved LCD panels emerged as new areas. OLED was not mentioned in this filing. - FY2019-Q2SoftenedAnnual report
「Capital investment in LCD panel production, our Group’s main market, has remained strong, particularly for G8.5 and G10 panels. Capital investment in OLED panel production is also expected to continue, although it lacks its previous momentum.」
Investment in G8.5 and G10 LCD panels remained strong, while the wording on OLED investment was moderated from “remained active” to “is expected to continue despite lacking its earlier momentum.” - FY2019-Q1Progress on China’s large-scale investment plans and slowing momentum in OLED investmentAnnual report
「Demand for capital investment in LCD panel production, our Group’s main market, remained strong as a series of large-scale investment projects in China, which had continued for several years, were implemented one after another. Capital investment in OLED panel production also remained active, although it lacked the momentum seen for a time.」
Large-scale investment projects in China were implemented sequentially, sustaining strong demand for LCD panels, while investment in OLED no longer had the same momentum as before. - FY2018-Q3RestatedAnnual report
「Capital investment in LCD panel manufacturing, our group’s main market, has remained robust, particularly for G8.5 and G10 panels, and is expected to continue. Capital investment in OLED panel manufacturing has also remained strong.」
Reconfirms the continued strength of capital investment for G8.5 and G10 LCD panels and OLED panels. - FY2018-Q2RestatedAnnual report
「Capital investment in LCD panel production, our Group’s main market, has remained strong, particularly for G8.5 and G10 panels, and is expected to continue. Capital investment in OLED panel production has also become increasingly active.」
Reconfirms the continued strength of capital investment for G8.5 and G10 LCD panels and OLED panels. - FY2018-Q1RestatedAnnual report
「Capital investment in LCD panel production, our Group’s main market, has remained strong, particularly for G8.5 and G10 panels, and is expected to continue. Capital investment in OLED panel production has also become increasingly active.」
Reconfirms the continued strength of capital investment for G8.5 and G10 LCD panels and OLED panels. - FY2017RestatedAnnual report
「Capital investment in LCD panel production equipment, our Group's main market, has remained active, particularly for G8.5 and G10 panels, and is expected to continue. Capital investment in equipment for OLED panels has also become increasingly active.」
Reconfirms throughout the fiscal year the continued strength of capital investment in G8.5 and G10 LCD panels and OLED panels. - FY2017-Q3RestatedAnnual report
「Capital investment in LCD panel production equipment, our Group's main market, has remained active, particularly for G8.5 and G10 panels, and is expected to continue. Capital investment in equipment for OLED panels has also become increasingly active.」
Reconfirms the continued strength of capital investment for G8.5 and G10 LCD panels and OLED panels. - FY2017-Q2RestatedAnnual report
「Capital investment in LCD panel production equipment, our Group's main market, has remained active, particularly for G8.5 and G10 panels, and is expected to continue. Capital investment in equipment for OLED panels has also become increasingly active.」
Reiterates the continued strength of capital investment for G8.5 and G10 LCD panels and the acceleration of investment in OLED. - FY2017-Q1First statedAnnual report
「Capital investment demand for G8.5 LCD panels, and subsequently for G10 LCD panels, has continued from the fiscal year before last and remained robust. The outlook remains promising. This has been followed by a pronounced increase in capital investment demand for OLED, which has also become strong.」
Describes capital investment demand for large-generation LCD panels and OLED as part of the market environment.