Demand Opportunities Driven by Environmental Initiatives, Electricity Market Liberalization and Renewable Energy

「Meanwhile, xEV capacitors were subject to substantial production cuts, as customer production adjustments left us with no choice but to make significant reductions, resulting in a substantial decline in sales.」

「Orders for xEV capacitors were weak due to customer inventory adjustments and other factors, resulting in lower sales year on year. Meanwhile, the market for infrastructure equipment performed well, led by capacitors for industrial equipment such as solar power conditioners and railway rolling stock, as well as power factor correction equipment.」

「Against this economic backdrop, xEV capacitor sales declined year on year due to the downward pressure from lockdowns accompanying the spread of COVID-19 in China and the continuing supply problems involving electronic components, particularly semiconductors. Meanwhile, in the industrial, power, and environmental and energy-saving markets, demand for infrastructure equipment increased against the backdrop of society's push for decarbonisation, resulting in higher sales.」

「Against this economic backdrop, demand for electric vehicles in our group's markets remained solid due to society's push for decarbonisation. However, xEV capacitor sales declined year on year, affected by supply problems involving electronic components, particularly semiconductors, and customer production adjustments resulting from lockdowns in China and other factors. Meanwhile, demand for power electronics and environmental and energy-saving markets increased, resulting in higher sales of power and industrial infrastructure equipment.」

「Against this economic backdrop, demand for electric vehicles in our group's markets continues to expand due to society's push for decarbonisation. Meanwhile, demand for infrastructure equipment remained weak because overseas investment restraint continued and orders during the current period were sluggish due to the decline in domestic building and factory starts in the previous fiscal year.」

「In our group's markets, demand for electric vehicles continues to expand against the backdrop of society's push for decarbonisation. Meanwhile, demand for power and industrial infrastructure equipment remained weak.」

「The economic environment during the current consolidated fiscal year remained extremely difficult, as corporate production activity and personal consumption stagnated due to restrictions on economic activity resulting from the spread of COVID-19. Although there were signs of a gradual recovery as economic activity gradually resumed, the end of the infections remains unforeseeable, and the outlook continues to be uncertain.」

「The global economy during the cumulative first three quarters of the current consolidated fiscal year was in an extremely difficult situation, as corporate production activity and personal consumption stagnated due to restrictions on economic activity resulting from the spread of COVID-19. Although there were signs of a gradual recovery as economic activity gradually resumed, successive waves of COVID-19 infections continued to occur, and the outlook for the economy is expected to remain uncertain, with no room for complacency.」

「Although there were signs of a gradual recovery as economic activity began to resume gradually in the second quarter of the current consolidated fiscal year, the outlook for the economy remains uncertain, with no room for complacency given developments in COVID-19 infections in Japan and overseas and US-China trade friction, among other factors.」

「Demand during the cumulative first quarter of the current consolidated fiscal year fell sharply for durable consumer goods such as home appliances and automobiles, which are among our markets, as well as for power and industrial infrastructure equipment.」

「xEV capacitors and capacitors for industrial applications in overseas markets performed well. As a result, net sales increased 10.4% year on year to ¥11,649 million.」

「xEV capacitors and capacitors for railway rolling stock in overseas markets performed well.」

「Sales of capacitors for xEVs remained strong.」

「In response to growing demand in recent years for capacitors for xEVs in the automotive market and for inverters in the industrial market」

「Trends toward environmental sustainability, electricity liberalization, the active use and greater efficiency of new energy sources such as wind power, solar power, and fuel cells, and measures to address population aging are gaining momentum, and the Company expects to be in a position to expand its business in response to new needs.」

「The Company continues development to address a broad range of applications in the renewable energy market, including peak-load leveling, power stabilization, greater efficiency, power conversion, and transmission.」

「The Company continues development to address a broad range of applications in the renewable energy market, including peak-load leveling, power stabilization, greater efficiency, power conversion, and transmission.」

「As environmental sustainability, electricity liberalization, peak-load leveling and greater efficiency, and the effective use of renewable energy continue to advance, electric vehicles (EVs) and hybrid electric vehicles (HEVs)」