Weak investment in oil field development and declining demand for medical specimen testing
First written in FY2016-Q3. 4 of 27 entries say "Restated". Latest entry: FY2026-H1.
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- FY2026-H1Declining academic demand coexisted with expanding semiconductor-related demandAnnual report
「Sales of photodiode arrays for academic research declined following the completion of deliveries for a high-energy physics experiment project in Europe. However, sales of image sensors for semiconductor manufacturing and inspection equipment increased, driven by expanding semiconductor demand, particularly for generative AI applications.」
While academic research applications declined following the completion of deliveries for a European project, semiconductor manufacturing and inspection applications increased as semiconductor demand expanded, led by generative AI. Performance diverged by application. - FY2025-H1WorsenedAnnual report
「Sales of photomultiplier tubes for geological exploration applications also declined.」
In addition to the traditional oilfield, medical and semiconductor-related applications, a decline in photomultiplier tube sales for geological exploration applications was reported, indicating that weak demand is affecting a broader range of applications. - FY2024-Q2Continued growth in academic applications and declines in semiconductor and medical applications, with demand stagnation and competitive factors becoming more apparentAnnual report
「Sales of photomultiplier tubes for academic applications, including high-energy physics experiments, increased in the academic field. However, in the industrial field, sales of photomultiplier tubes for semiconductor manufacturing inspection equipment declined. Sales of deuterium lamps for analytical equipment, including liquid chromatographs, also declined due to stagnant demand for pharmaceutical ingredient analysis and other applications.」
While demand for academic applications continued to increase, semiconductor manufacturing inspection applications declined, and deuterium lamps for analytical equipment also declined due to stagnant demand for pharmaceutical ingredient analysis. The divergence by application and the factors behind the weakening trend became more apparent. - FY2024-Q1Growth in academic applications alongside declines in semiconductor and medical applicationsAnnual report
「Sales of photomultiplier tubes for academic applications, including high-energy physics experiments, increased in the academic field. However, in the industrial field, sales of photomultiplier tubes for semiconductor manufacturing inspection equipment declined. In the medical field, sales of X-ray scintillators, which convert X-ray images into visible images, also declined.」
While photomultiplier tubes for academic applications increased, photomultiplier tubes for semiconductor manufacturing inspection equipment and X-ray scintillators declined, with performance diverging by application. - FY2023-Q3Declines in some semiconductor-related products alongside growth in nondestructive testing and semiconductor light sourcesAnnual report
「Sales of stealth dicing engines, which cut silicon wafers at high speed and with high quality, declined. However, in the industrial field, sales of microfocus X-ray sources for nondestructive testing increased for applications including automotive battery and circuit board inspection as EV production expanded. Sales of light sources for semiconductor lithography and inspection equipment also increased, despite customer inventory adjustments following a sharp reaction to the surge in demand associated with the easing of COVID-19, supported by the impact of strong orders through the previous fiscal year.」
While stealth dicing engine sales declined, microfocus X-ray sources for nondestructive testing increased as EV production expanded, and light sources for semiconductor lithography and inspection equipment increased despite customer inventory adjustments. - FY2023-Q2Declines in some applications due to slowing semiconductor demand alongside growth in demand for nondestructive testing and analysisAnnual report
「Sales of photomultiplier tubes, imaging equipment and light sources declined for stealth dicing engines, which cut silicon wafers at high speed and with high quality, and for photomultiplier tubes and light sources used in semiconductor inspection equipment, reflecting the global slowdown in semiconductor demand. However, sales of microfocus X-ray sources for nondestructive testing increased, mainly in Asia, for applications including automotive battery and circuit board inspection as EV production expanded. Sales of deuterium lamps for analytical equipment, including liquid chromatographs, also increased, mainly in Europe and North America, as demand for pharmaceutical ingredient analysis and other applications grew.」
While some applications that had previously performed well declined due to slowing semiconductor demand, microfocus X-ray sources for EV-related nondestructive testing and deuterium lamps for pharmaceutical analysis increased. - FY2022AdvancedAnnual report
「In the medical field, sales of photomultiplier tubes for in-vitro diagnostic equipment, including flow cytometers, increased as demand grew in Japan and overseas. As a result, the phototube business recorded revenue of ¥80,881 million, up 24.8% year on year, and operating profit of ¥32,915 million, up 45.5%.」
Growth in demand for in-vitro diagnostic applications was confirmed for the full year, resulting in higher revenue and operating profit for the phototube business. Growth in photomultiplier tubes and light sources for semiconductor inspection, as well as X-ray sources for nondestructive testing, was also reported. - FY2022-Q3RestatedAnnual report
「Sales for in-vitro diagnostic equipment, including flow cytometers, increased both in Japan and overseas as demand grew. Sales for semiconductor inspection equipment in the industrial field also increased in Japan and overseas following the expansion of the semiconductor market, while sales for academic applications, including high-energy physics experiments, also increased.」
Photomultiplier tube sales for in-vitro diagnostics, semiconductor inspection and academic applications all increased, and demand growth continued from the previous quarter. - FY2022-Q2AdvancedAnnual report
「In the medical field, sales for in-vitro diagnostic equipment, including flow cytometers, increased both in Japan and overseas as demand grew. In the industrial field, sales for semiconductor inspection equipment also increased in Japan and overseas following the expansion of the semiconductor market, while sales for academic applications, including high-energy physics experiments, also increased.」
Photomultiplier tube sales for in-vitro diagnostics, semiconductor inspection and academic applications all increased, and the phototube business recorded revenue of ¥39,269 million and operating profit of ¥16,109 million. - FY2022-Q1RestatedAnnual report
「In the medical field, sales for in-vitro diagnostic equipment, including flow cytometers, increased both in Japan and overseas as demand grew. In the industrial field, sales for semiconductor inspection equipment also increased, mainly overseas, following the expansion of the semiconductor market. Sales for academic applications, including high-energy physics experiments, also grew.」
Demand for photomultiplier tubes for in-vitro diagnostics, semiconductor inspection and academic applications continued to increase. In addition to the previously reported growth trend in PCR, FCM and semiconductor inspection applications, growth in flow cytometers and academic applications was also confirmed this time. - FY2021-Q3Growth in PCR, FCM and semiconductor inspection applications alongside a decline in PET applicationsAnnual report
「In the medical field, sales for nuclear medicine diagnostic equipment, including PET systems, declined due to the impact of COVID-19. However, sales for in-vitro diagnostic equipment, including PCR and FCM (flow cytometry) systems, increased both in Japan and overseas as demand grew. In the industrial field, sales for semiconductor inspection equipment increased, mainly overseas.」
While declines in nuclear medicine testing applications, including PET, continued, in-vitro diagnostic applications, including PCR and FCM, and semiconductor inspection equipment applications, mainly overseas, increased. Divergence by application continued. - FY2021-Q2Decline in PET applications alongside growth in PCR and semiconductor inspection applicationsAnnual report
「In the medical field, sales for nuclear medicine diagnostic equipment, including PET systems, declined due to the impact of COVID-19. However, sales for in-vitro diagnostic equipment, including PCR testing systems, increased both in Japan and overseas, particularly in China, as demand grew. In the industrial field, sales for semiconductor inspection equipment also increased, mainly overseas.」
While applications for nuclear medicine testing, including PET, declined, in-vitro diagnostic applications, including PCR, increased in Japan and overseas, particularly in China. Applications for semiconductor inspection equipment also increased, mainly overseas. - FY2021-Q1Growth in PCR testing applications alongside declines in oilfield and PET applicationsAnnual report
「Sales of photomultiplier tubes for PCR testing applications increased both in Japan and overseas. However, sales for oilfield exploration equipment fell sharply due to sluggish oilfield development investment, while sales for nuclear medicine diagnostic equipment, including PET systems, also declined.」
Demand for PCR testing applications increased in Japan and overseas, while oilfield exploration and nuclear medicine testing applications, including PET, declined due to sluggish oilfield development investment. Divergence by application continued. - FY2020WorsenedAnnual report
「Sales of photomultiplier tubes declined overall, as sales for oilfield exploration equipment fell sharply due to sluggish oilfield development investment, while sales for academic applications and environmental and luminescence analysis applications also declined.」
In addition to declines caused by sluggish oilfield development investment, academic applications and environmental and luminescence analysis applications also declined, indicating a broadening downturn in demand for the phototube business. - FY2020-Q3RestatedAnnual report
「However, in the measurement field, sales for oilfield exploration equipment declined due to sluggish oilfield development investment. Sales for laser microscopes used in the biotechnology field also declined.」
Declines in oilfield exploration equipment applications caused by sluggish oilfield development investment and declines in laser microscope applications were again reported, following the previous quarter. - FY2020-Q2WorsenedAnnual report
「However, in the measurement field, sales for oilfield exploration equipment declined due to sluggish oilfield development investment. Sales for laser microscopes used in the biotechnology field also declined.」
While applications for in-vitro diagnostic equipment increased, applications for oilfield exploration equipment declined due to sluggish oilfield development investment, and laser microscope applications also declined. Weakness spread across applications. - FY2020-Q1Slight increase in in-vitro diagnostic applications alongside declines in PET and laser microscopy applicationsAnnual report
「Sales of photomultiplier tubes for in-vitro diagnostic equipment, including blood analyzers, increased slightly. However, sales for nuclear medicine diagnostic equipment, including PET systems, declined. Sales for laser microscopes used in the biotechnology field also declined.」
Applications for in-vitro diagnostic equipment increased slightly, while declines in nuclear medicine testing applications, including PET, continued, and applications for laser microscopes also declined. Performance continued to diverge by application. - FY2019-Q3RestatedAnnual report
「In the measurement field, sales of photomultiplier tubes for oilfield exploration equipment, which offers excellent resistance to high temperatures, shock and vibration, remained strong as oilfield development investment recovered. In the medical field, sales for in-vitro diagnostic equipment, including blood analyzers, also increased as customers valued their high sensitivity, low noise and fast response. However, sales for academic applications, including high-energy physics experiments, declined partly because deliveries to major overseas projects had been completed.」
While strong performance in oilfield exploration applications and growth in in-vitro diagnostic applications continued, academic applications also continued to decline following the completion of deliveries to major overseas projects. - FY2019-Q2Strong performance driven by a recovery in oilfield development investment coexisted with declining academic applications following the completion of large projectsAnnual report
「In the measurement field, sales of photomultiplier tubes for oilfield exploration equipment, which offers excellent resistance to high temperatures, shock and vibration, remained strong as oilfield development investment recovered. In the medical field, sales for in-vitro diagnostic equipment, including blood analyzers, also increased as customers valued their high sensitivity, low noise and fast response. However, sales for academic applications, including high-energy physics experiments, declined partly because deliveries to major overseas projects had been completed.」
Oilfield exploration applications performed well against a backdrop of recovering oilfield development investment, while in-vitro diagnostic applications also increased. Academic applications declined as deliveries to major overseas projects ended, and the divergence by application continued. - FY2019-Q1Continued growth in sample testing and oilfield exploration applications, while academic applications declinedAnnual report
「Sales of photomultiplier tubes for academic applications, including high-energy physics experiments, declined. However, sales for sample testing equipment for blood analysis and other applications remained solid. Sales for oilfield exploration equipment also increased.」
Academic applications, which had increased in the previous fiscal year, changed to a decline. Meanwhile, the strength of sample testing applications such as blood analysis and growth in oilfield exploration applications continued, with divergence by application continuing. - FY2018Growth in sample testing and oilfield exploration applications advanced, coexisting with declines in PET applicationsAnnual report
「Sales of photomultiplier tubes increased, with sales for sample testing equipment for blood analysis and other applications rising both in Japan and overseas, as well as sales for oilfield exploration equipment increasing in the measurement field.」
Growth in sample testing and oilfield exploration equipment applications was also confirmed for the full fiscal year, while applications for nuclear medicine testing equipment such as PET systems declined, with divergence by application continuing. - FY2018-Q3Continued strength and growth in sample testing and oilfield exploration applications coexisted with declines in PET applicationsAnnual report
「In the medical field, sales of photomultiplier tubes for nuclear medicine testing equipment such as PET systems declined. However, sales for sample testing equipment for blood analysis and other applications remained solid, supported by recognition of the products' high sensitivity, low noise and rapid response characteristics. In the measurement field, sales for oilfield exploration equipment increased, supported by its resistance to high temperatures, impact and vibration.」
While declines in nuclear medicine testing applications such as PET continued, sample testing applications remained solid because of the products' characteristics, and oilfield exploration equipment applications increased, with divergence by application continuing. - FY2018-Q2Declines in PET applications coexisted with increases in sample testing and oilfield exploration applicationsAnnual report
「In the medical field, sales of photomultiplier tubes for nuclear medicine testing equipment such as PET systems declined. However, sales for sample testing equipment for blood analysis and other applications remained solid, supported by recognition of the products' high sensitivity, low noise and rapid response characteristics. In the measurement field, sales for oilfield exploration equipment increased, supported by its resistance to high temperatures, impact and vibration.」
Although nuclear medicine testing applications declined, sample testing applications remained solid because of the products' characteristics, and oilfield exploration equipment applications increased. The previous broad-based weakness caused by weak oilfield development investment and declining medical demand has shifted to divergent trends by application. - FY2017-Q3Declines in optical emission analysis applications coexisted with solid medical and academic demandAnnual report
「Although sales of photomultiplier tubes for optical emission analysis, incorporated into equipment that analyses the composition of steel materials, declined, sales in the medical field for nuclear medicine testing equipment such as PET systems remained solid, supported by rising replacement demand from medical institutions. Sales for academic applications, including high-energy physics experiments, also increased.」
While declines in optical emission analysis applications continued, demand for nuclear medicine testing applications such as PET remained solid and academic applications increased, with weak and strong applications coexisting. - FY2017-Q2The products showing weakness in medical and analytical applications changedAnnual report
「Sales of products for optical emission analysis, incorporated into equipment that analyses the composition of steel materials, declined. Sales of sample testing equipment for blood analysis and other applications also declined because of the impact of exchange rates.」
Although oilfield development investment was not mentioned, sales of products for optical emission analysis and sample testing equipment for blood analysis and other applications declined. In the medical field, PET-related products performed well, while increases and decreases varied by product. - FY2017-Q1The products showing weakness in the medical field changedAnnual report
「In the medical field, sales of X-ray scintillators, which convert X-ray images into visible images, remained sluggish.」
Although there was no direct mention of oilfield development investment or sample testing equipment, the medical field cited sluggish sales of X-ray scintillators, indicating a change in the products reflecting weak medical demand. - FY2016-Q3First statedAnnual report
「In the measurement field, sales of oilfield exploration equipment declined substantially because of the prolonged weakness in oilfield development investment. In the medical field, sales of sample testing equipment for blood analysis and other applications also declined. As a result, the electron tube business recorded net sales of ¥34,333 million, down 6.7% year on year, and operating profit of ¥11,804 million, down 14.9%.」
Weak investment in specific markets and declining demand in the medical field were identified as materialised risks, accompanied by declines in net sales and operating profit in the electron tube business.