Expanding demand in the automotive, industrial equipment and consumer appliance markets
First written in FY2017-Q3. 10 of 29 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 4 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Discloses increased demand for AI servers and a recovery in the automotive and industrial equipment marketsAnnual report
「In the ICT-related market, robust data-center investment by major US IT companies and others continued, driving growth in demand for AI servers and peripheral equipment. In the automotive-related market, although the growth rate of battery electric vehicles (BEVs) slowed due to changes in US policy and other factors, the market generally followed a gradual recovery trend, supported by the advancement of AD/ADAS (automated driving/advanced driver-assistance systems) and other developments. The industrial equipment-related market also followed a recovery trend, with signs that it had bottomed out.」
Demand for AI servers and peripheral equipment continued to expand, while the automotive market recovered gradually, including a slowdown in BEV growth, and the industrial equipment market showed signs of bottoming out. - 2026-05-14OtherRevision of earnings forecasts
「Although growth in battery electric vehicles (BEVs) in the automotive-related market slowed due to policy changes in the United States and other factors, the market generally remained on a gradual recovery trend, supported by progress in AD/ADAS (automated driving/advanced driver-assistance systems). The industrial equipment-related market also remained on a recovery trend, with signs of bottoming out.」
The automotive market saw both slower BEV growth and progress in AD/ADAS, while the industrial equipment market showed signs of bottoming out and remained on a recovery trend. - FY2026-H1Firm AI server demand coexists with a slowdown in the recovery of the automotive and industrial equipment marketsAnnual report
「Regarding the market environment surrounding our Group, in the ICT-related market, investment in data centers by major US IT companies and others continued, and demand for generative AI servers and peripheral equipment remained firm. Meanwhile, in the automotive-related market, recovery in demand slowed and conditions remained sluggish amid the growing adoption of xEVs and the advancement of AD/ADAS (automated driving/advanced driver-assistance systems), owing in part to developments in US tariff policy. In addition, in the industrial equipment-related market, demand remained weak, particularly in European manufacturing, while the recovery of the Chinese economy also lacked strength. Together with the drag from US tariff policy on corporate capital investment, these factors prevented a full-fledged recovery.」
By market, demand for generative AI servers and peripheral equipment remained firm, while the recovery of the automotive market slowed due to tariff policy and other factors. The industrial equipment market also failed to achieve a full-fledged recovery because of weak European manufacturing, a lack of strength in the Chinese economy, and restrained capital investment resulting from tariff policy. - FY2025-H1Automotive and industrial equipment markets undergo adjustments as AI server demand recovers sharplyAnnual report
「Regarding the market environment surrounding our Group, the automotive-related market remained soft due to slower electric vehicle (EV) sales and component inventory adjustments. Meanwhile, in the industrial equipment-related market, customer inventory adjustments continued as corporate investment was expected to be restrained by the slowdown in the Chinese economy and other factors. In contrast, in the ICT-related market, PC shipments began a gradual recovery, while data-center AI servers recovered sharply as investment in data centers by major US IT companies and others increased.」
The automotive market was soft due to slower EV sales and component inventory adjustments, while customer inventory adjustments continued in the industrial equipment market. In the ICT market, PCs began to recover and AI server demand recovered sharply, indicating continued divergence among markets. - FY2024Automotive recovery, industrial equipment weakness and ICT inventory adjustments coexistAnnual report
「Regarding the market environment surrounding our Group, the automotive-related market remained firm as vehicle production normalized with the easing of the semiconductor shortage, supported also by the advancement of electrification and electronics. Meanwhile, the industrial equipment-related market was generally sluggish due to slow growth in capital investment amid deteriorating business sentiment in China. In the ICT-related market, the unwinding of the pandemic-driven special demand was greater than expected, and inventory adjustments for PCs and data-center servers continued for an extended period.」
By market, automotive production normalization and electrification demand remained firm, while capital investment in industrial equipment and PC and server demand in ICT were sluggish or continued to undergo inventory adjustments, leaving a continued divergence among markets. - FY2024-Q3WorsenedAnnual report
「Due in part to decreased demand for automotive and industrial equipment-related products, net sales were ¥112,168 million, down 2.3% year on year, and segment profit was ¥6,764 million, down 18.7%.」
Whereas the previous quarter described firm conditions in the automotive market and slowing capital investment in the industrial equipment market, the current quarter shows declining automotive and industrial equipment-related demand through lower sales and profit in the capacitor business. - FY2024-Q2Firm automotive conditions alongside adjustments in industrial equipment and ICTAnnual report
「The automotive-related market remained generally firm as semiconductor shortages at automakers were easing, exports performed well against a weaker yen, and demand for components used in vehicle electrification increased. In the industrial equipment-related market, corporate capital investment slowed amid concerns over the economic outlook due to interest-rate increases in various countries to address inflation. In the ICT-related market, inventory adjustments for PCs and data-center servers continued.」
The automotive market remained firm as semiconductor shortages eased and vehicle electrification progressed, while capital investment slowed in the industrial equipment market and inventory adjustments for PCs and servers continued in the ICT market. - FY2024-Q1RestatedAnnual report
「Due in part to increased demand for automotive-related products, net sales were ¥39,997 million, up 9.0% year on year, and segment profit was ¥2,259 million, up 2.5%.」
Continued growth in automotive-related demand has resulted in higher sales and segment profit in the capacitor business. - FY2023Automotive and industrial equipment recover while ICT remains weakAnnual report
「The automotive-related market remained generally firm despite the impact of supply constraints, including semiconductors, on automobile production, as the number of electronic components per vehicle increased with the progress of electrification and electronic adoption. The industrial equipment-related market remained firm as demand for capital investment recovered from the restraint caused by the COVID-19 pandemic. In contrast, the ICT-related market was generally weak due in part to declining demand for PCs and other products.」
The Company describes diverging conditions by market: component demand per vehicle remains firm despite supply constraints in the automotive market, the industrial equipment market is firm due to a recovery in capital investment, while the ICT market is weak due to declining PC demand. - FY2023-Q3RestatedAnnual report
「The industrial equipment-related market performed well as demand for corporate capital investment recovered. In the automotive-related market, automobile production declined due to supply chain disruptions, including semiconductor shortages and lockdowns in China, but demand for components per vehicle remained firm as electrification and electronic adoption progressed. In the ICT market, demand for data-center servers and other products remained firm despite continued production and inventory adjustments for PCs.」
The Company continues to recognize a recovery in capital investment demand in the industrial equipment market, declining automobile production alongside firm component demand per vehicle, and PC adjustments alongside firm data-center server demand. - FY2023-Q2Recovery and supply constraints coexist across marketsAnnual report
「The industrial equipment-related market performed well as demand for corporate capital investment recovered. In the automotive-related market, automobile production declined due to supply chain disruptions, including semiconductor shortages and lockdowns in China, but demand for components per vehicle remained firm as electrification and electronic adoption progressed. In the ICT market, demand for data-center servers and other products remained firm despite continued production and inventory adjustments for PCs.」
The market view has shifted to one in which a recovery in capital investment demand in the industrial equipment market coexists with declining automobile production and firm component demand per vehicle in the automotive market, as well as PC adjustments and firm server demand in the ICT market. - FY2023-Q1Increased demand for automotive and industrial equipment-related products confirmedAnnual report
「Due in part to increased demand for automotive and industrial equipment-related products, net sales were ¥36,685 million, up 13.9% year on year, and segment profit was ¥2,205 million, up 28.7%.」
Compared with the market-specific weakness and recovery described through the previous fiscal year due to semiconductor shortages and the pandemic, the current quarter confirms increased demand for automotive and industrial equipment-related products and higher sales and profit in the capacitor business. - FY2022-Q2Automotive remains firm despite semiconductor shortages; industrial equipment and ICT perform wellAnnual report
「The automotive-related market remained generally firm despite the impact of production cuts by automakers due to semiconductor shortages. The industrial equipment-related market performed well in both Japan and overseas, supported by a recovery in demand for capital investment in equipment such as industrial robots. The ICT-related market, including PCs, also remained firm due to stay-at-home demand associated with the prolonged COVID-19 pandemic and the spread of telework.」
The automotive market remained firm despite production cuts caused by semiconductor shortages, the industrial equipment market performed well due to a recovery in demand for capital investment, and the ICT market remained firm on stay-at-home and telework demand, indicating recovery or strong conditions by market. - FY2022-Q1Increased demand for automotive and industrial equipment-related products disclosedAnnual report
「Due in part to increased demand for automotive and industrial machinery-related products, primarily in China and other parts of Asia, net sales were ¥32,199 million, up 41.9% year on year, while segment profit was ¥1,712 million, compared with a segment loss of ¥422 million in the same period of the previous year.」
In contrast to the weakness in automotive and industrial equipment-related demand through the previous fiscal year, the Company states that demand increased in Asia, particularly China. The improvement in market conditions is reflected in higher sales and profit in the capacitor business. - FY2021Recovery and weakness coexist across marketsAnnual report
「In the ICT-related market, demand for notebook PCs and home game consoles remained strong due to the spread of remote work and stay-at-home demand, while demand related to 5G communications base stations also remained generally firm. In contrast, demand in the automotive-related and industrial equipment-related markets declined substantially due to the impact of the COVID-19 pandemic, but shifted to a recovery trend in the latter half of the fiscal year as the global economy recovered.」
While describing firm conditions in the ICT, 5G and game console markets, the Company states that the automotive and industrial equipment markets shifted to a recovery trend in the latter half of the fiscal year after a substantial decline. - FY2021-Q3Recovery in automotive and industrial equipment alongside firm communications and gaming demandAnnual report
「The communications-related market, including data-center servers, and the PC and home game console-related markets remained firm due to the spread of remote work and increased stay-at-home demand. The automotive-related market remained weak globally, although automobile sales in China were on a recovery trend. In regions outside China, demand also began to recover from the first quarter, helped by measures supporting automobile purchases. The industrial equipment-related market remained weak due to restrained capital investment amid declining corporate earnings, but shifted to a recovery trend from the second quarter as the automotive-related market recovered.」
While continuing to describe firm conditions in the communications-related, PC and home game console markets, the Company states that the automotive-related market was on a recovery trend in China and that the industrial equipment-related market shifted to a recovery trend from the second quarter, marking a change from the uniformly weak conditions described through the previous quarter. - FY2021-Q2Firm communications and gaming demand alongside weak automotive and industrial equipment demandAnnual report
「The communications-related market, including data-center servers, and the home game console-related market remained firm due to the spread of remote work and stay-at-home demand. In contrast, the automotive-related and industrial equipment-related markets remained weak, affected by declines in personal consumption and corporate earnings accompanying the stagnation of economic activity.」
In addition to the weakness in the automotive and industrial equipment markets through the previous quarter, the Company describes a divergence by market, with the communications-related and home game console markets remaining firm due to remote work and stay-at-home demand. - FY2021-Q1RestatedAnnual report
「Due mainly to lower demand for automotive and industrial equipment applications in Asia, led by China, revenue was ¥22.697 billion, down 16.1% year on year, and the segment reported a loss of ¥422 million, compared with a segment loss of ¥1.134 billion in the same period of the previous year.」
The view has shifted from favorable or firm conditions in the automotive and industrial equipment-related markets, with demand for automotive and industrial equipment-related products continuing to decline in Asia, particularly China. - FY2020-Q3RestatedAnnual report
「The automotive-related market remained weak, including due to sluggish automobile sales in China, while the industrial equipment market also showed signs of slowing as capital investment stagnated.」
The Company continues to describe sluggish automobile sales in China, weakness in the automotive-related market and stagnant capital investment in the industrial equipment market. - FY2020-Q2Broad-based market weaknessAnnual report
「The automotive-related market slowed, including due to sluggish automobile sales in China, while the equipment-related market, including industrial robots, also remained generally weak as companies' investment sentiment weakened and capital investment stagnated.」
The description has shifted from the previous view that the automotive and industrial equipment markets were firm to broad-based market weakness, including sluggish automobile sales in China, weaker corporate investment sentiment and stagnant capital investment. - FY2020-Q1Decline in demand for consumer electronics and industrial equipmentAnnual report
「Due mainly to lower demand for household appliances and industrial equipment in Asia, led by China, revenue was ¥27.038 billion, down 21.0% year on year, and the segment reported a loss of ¥1.134 billion, compared with segment profit of ¥1.541 billion in the same period of the previous year.」
Whereas the automotive, consumer electronics and industrial equipment markets had previously been described as favorable or firm, this quarter's disclosure describes a decline in demand in the consumer electronics and industrial equipment-related markets. - FY2019-Q3Mixed conditions across marketsAnnual report
「Regarding the market environment surrounding the Group, investment in production equipment in the industrial equipment market was restrained and demand in the household appliance market remained sluggish due to the impact of US-China trade friction. The automotive-related market, however, remained generally firm.」
The description has shifted from an across-the-board favorable view of the automotive, industrial equipment and consumer electronics markets to one of mixed conditions by market. Industrial equipment and consumer electronics are weakening, while automotive-related markets remain firm. - FY2019-Q2RestatedAnnual report
「The equipment-related markets, including industrial robots, remained strong, supported by robust domestic demand. The automotive-related and air-conditioner markets also remained generally firm.」
The Company continues to describe strong conditions in the equipment-related markets, including industrial robots, and firm conditions in the automotive-related and air-conditioner markets. - FY2019-Q1RestatedAnnual report
「Due mainly to increased demand for household appliances and automotive applications in Asia, led by China, revenue was ¥34.229 billion, up 14.9% year on year, and segment profit was ¥1.541 billion, up 32.3%.」
Increased demand for consumer electronics and automotive-related products continued in the first quarter, resulting in higher sales and segment profit in the capacitor business. - FY2018RestatedAnnual report
「The automotive-related market remained firm, supported by the increased adoption of advanced driver assistance systems (ADAS). The equipment-related markets, including industrial robots, and the air-conditioner market also performed well, due in part to expanding demand in China.」
The Company continues to recognize favorable conditions in the automotive market, including progress in ADAS adoption, as well as in the equipment-related markets, including industrial robots, and the air-conditioner market. - FY2018-Q3RestatedAnnual report
「The automotive-related market remained firm, while the game console market and equipment-related markets, including industrial robots, also performed well.」
The Company continues to recognize favorable business conditions not only in the automotive market but also in the game console market and equipment-related markets, including industrial robots. - FY2018-Q2RestatedAnnual report
「The automotive-related market remained firm, while the game console market and equipment-related markets, including industrial robots, also performed well.」
In addition to the automotive market, the Company describes favorable business conditions in the game console market and equipment-related markets, including industrial robots. - FY2018-Q1RestatedAnnual report
「Due in part to increased demand for consumer electronics and automotive-related products, mainly in Asia including China, net sales were ¥29,791 million, up 8.6% year on year, and segment profit was ¥1,165 million, up 245.8%.」
Increased demand for automotive-related products and consumer electronics was also confirmed in the first quarter, resulting in higher sales and profit in the capacitor business. - FY2017-Q3First statedAnnual report
「In the markets related to the Group, the automotive market grew steadily, supported by increased demand resulting from China's tax incentives for small cars and strong sales in the United States and Europe. The industrial equipment market remained firm, as capital investment in equipment such as robots was active, driven by government infrastructure investment and the automation of production in various countries. In the consumer electronics market, including air conditioners, production increased substantially due to the effects of last year's exceptionally hot summer and the progress of inverter adoption in China.」
In the related automotive, industrial equipment and consumer electronics markets, the Company describes increased demand and growth in capital investment and production as business conditions.