Downturn in the Overall Industrial Switch Market
First written in FY2017-Q3. 7 of 16 entries say "Mitigated", first in FY2017. Latest entry: 2026-11-12.
The whole theme swung hardest in 2023: 10 of 18 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「In the electronic components market in which the Group operates, demand expanded, particularly for related equipment such as data centers and semiconductor manufacturing equipment, against a backdrop of the completion of excess inventory adjustments and increased AI-related investment.」
For the electronic components market, the disclosure reports that demand expanded following the completion of excess inventory adjustments and against a backdrop of AI-related investment, indicating an improved assessment of the market downturn. - FY2026MitigatedAnnual report
「Although adjustments to excess inventories stemming from past semiconductor shortages and other factors are largely nearing completion, a full-fledged recovery in demand is still expected to take time.」
The assessment has changed to one that inventory adjustments in the electronic components market are largely nearing completion, while the delay in a full-fledged recovery in demand remains. - FY2025RestatedAnnual report
「In the electronic components market in which our Group operates, market inventories have accumulated as a result of excessive advance orders driven by semiconductor and raw-material shortages several years ago, and the market remains in an inventory adjustment phase.」
The assessment that market inventories have accumulated in the electronic components market due to excessive advance orders and that the market remains in an inventory adjustment phase continues to be stated. - FY2025-H1RestatedAnnual report
「In the electronic components market in which our Group operates, market inventories have accumulated as a result of excessive advance orders driven by semiconductor and raw-material shortages several years ago, and the market remains in an inventory adjustment phase.」
The electronic components market is still described as having accumulated market inventories due to excessive advance orders and as remaining in an inventory adjustment phase. - FY2024WorsenedAnnual report
「The electronic components market, including our Group, is in a situation where excess market inventories have accumulated as a result of excessive advance orders driven by the global semiconductor and raw-material shortages since 2021, and is undergoing inventory adjustments.」
The electronic components market, including industrial switches, is described as having accumulated market inventories due to advance orders and as being in an inventory adjustment phase. - FY2020-Q3RestatedAnnual report
「In addition, the industrial switch market, including the operating switch market in which we operate, remains on a downward trend, and the market as a whole is sluggish.」
The assessment that the industrial switch market remains on a downward trend and that the market as a whole is sluggish continues to be stated. - FY2020-Q2RestatedAnnual report
「In addition, the industrial switch market, including the market for operating switches in which we operate, has continued to decline, and the market as a whole has been sluggish.」
The assessment that the industrial switch market remains on a downward trend and that the market as a whole is sluggish continues to be stated. - FY2020-Q1RestatedAnnual report
「In addition, the industrial switch market, including the market for operating switches in which we operate, has continued to decline, and the market as a whole has been sluggish.」
The assessment that the industrial switch market remains on a downward trend and that the market as a whole is sluggish continues to be stated. - FY2019WorsenedAnnual report
「In addition, the industrial switch market, including the market for operating switches in which we operate, has continued to decline, and the market as a whole has been sluggish.」
The view has deteriorated from the previous assessment of a gradual recovery trend to one that the industrial switch market remains on a downward trend and the market as a whole is sluggish. - FY2018RestatedAnnual report
「Although the industrial switch market, including the market for operating switches, is on a gradual recovery trend, uncertainty about the outlook persists, including geopolitical risks in East Asia.」
The company continues to view the industrial switch market as having shifted from weakness to a gradual recovery trend, while continuing to cite uncertainty due to geopolitical risks. - FY2017MitigatedAnnual report
「Although the industrial switch market, including the market for operating switches, is on a recovery trend, uncertainty about the outlook persists due to the slowdown in the Chinese economy and instability in global conditions.」
The previous description of overall market weakness has shifted to a recovery trend, while uncertainty caused by the slowdown in the Chinese economy and other factors remains. - FY2017-Q3First statedAnnual report
「In addition, conditions in the industrial switch market, including the market for operating switches in which we operate, have remained challenging, and the market as a whole has been sluggish.」
The company identifies the continued weakness across the industrial switch market as an external-environment risk.