Delayed recovery in resource demand and deterioration in the performance of the Chinese joint venture
First written in FY2016. 10 of 36 entries say "Worsened", first in FY2018-Q3. Latest entry: 2026-11-13.
No other company in this theme has enough history to compare yet.
- FY2026Failure to achieve a full recovery in semiconductor demand and expansion by applicationAnnual report
「As demand related to semiconductors had not yet reached a full-scale recovery and optical demand also struggled to grow, efforts were made to capture demand related to liquid-crystal applications.」
While recovery in demand related to semiconductors and optical applications remained weak, efforts to capture demand related to liquid-crystal applications were reported. - 2026-05-14WorsenedEarnings presentation
「資源関連事業(ハイシリカ部門)については、主力の半導体封止材関連用途及び半導体関連向けガラスとも需要回復の遅れを見込む。」
主力半導体関連用途について、次期も需要回復の遅れを見込む見通しが示された。 - FY2026-H1Signs that demand for semiconductor encapsulants has bottomed outAnnual report
「In the resource-related business, demand for the mainstay encapsulant products is showing signs of having bottomed out despite the continued weakness of the semiconductor market.」
While the semiconductor market remains sluggish, demand for the mainstay semiconductor encapsulant products was reported to be showing signs of having bottomed out. - FY2025WorsenedAnnual report
「The high-silica segment, which supplies materials such as semiconductor encapsulants, was affected by lower demand for its mainstay semiconductor encapsulant applications due to inventory adjustments. In addition, demand for glass for semiconductor applications in the optical business slowed.」
In addition to lower demand for semiconductor encapsulant applications, demand related to optical applications also slowed, resulting in lower sales and a shift into losses in the resource-related business. - FY2025-H1WorsenedAnnual report
「In the resource-related business, demand for semiconductors used in industrial equipment and automobiles remains soft, and recovery in demand for encapsulants and other products has been delayed.」
The disclosure described weakness in semiconductor demand as shifting from weakness in some end-user products to soft demand for industrial equipment and automotive applications and delayed recovery in demand for encapsulants and other products. - FY2024WorsenedAnnual report
「The high-silica segment, which supplies materials such as semiconductor encapsulants, posted a substantial decline in sales in semiconductor-related applications due to lower demand amid the sluggish market.」
Demand related to semiconductors declined amid the sluggish market, resulting in a substantial decline in sales in the high-silica segment. Demand related to optical applications partly offset the decline. - FY2024-Q3WorsenedAnnual report
「In the resource-related business, the semiconductor market continues to be sluggish, and recovery in demand for encapsulants and other products has been delayed.」
The disclosure expanded the weakness in resource-related demand from weakening demand for some end-user products through the previous quarter to the continued sluggishness of the semiconductor market and delayed recovery in demand for encapsulants and other products. - FY2024-Q2WorsenedAnnual report
「In the resource-related business, the semiconductor market continues to be sluggish, and demand for encapsulants and other products is showing signs of weakness.」
The disclosure expanded the weakness in resource-related demand from the previous quarter's "some end-user products showing signs of weakness" to the continued sluggishness of the semiconductor market and weakness in demand for encapsulants and other products. - FY2024-Q1Some end-user products in the semiconductor-related business showed signs of weaknessAnnual report
「In addition, in the resource-related business, some end-user products in the semiconductor-related field are showing signs of weakness.」
The disclosure described weakness in some end-user products rather than an overall trend in semiconductor-related demand. - FY2023Declining demand from China was offset by domestic demand and other factorsAnnual report
「The high-silica segment, comprising refined silica powder and other products, remained firm. In semiconductor-related applications, strong domestic demand offset the decline in demand from China. In optical applications, demand for glass for semiconductor applications increased substantially, while demand for specialty-glass applications also increased.」
While demand related to semiconductors from China declined, strong domestic demand and increased demand for optical and specialty-glass applications enabled the semiconductor-related business to remain firm overall. - FY2023-Q3Semiconductor demand remained firm overall, but some consumer products showed signs of weaknessAnnual report
「In the resource-related business, demand overall remained firm in the semiconductor-related field, although some end-user products showed signs of weakness.」
Demand related to semiconductors remained firm overall, but some end-user products showed signs of weakness. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was stated that there were no new developments or material changes in the risks related to the delayed recovery in resource demand or the operating performance of the Chinese joint venture. - FY2023-Q1Semiconductor demand remained firm overall, but some end-user products showed signs of weaknessAnnual report
「In the resource-related business, demand overall remained firm in the semiconductor-related field, although some end-user products showed signs of weakness.」
Demand related to semiconductors remained firm overall, but some end-user products showed signs of weakness. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes in the risks related to the delayed recovery in resource demand or the operating performance of the Chinese joint venture. - FY2022-Q2RestatedAnnual report
「In addition, supply and demand in the semiconductor and information and communications fields remain tight in the resource-related business.」
Tight supply and demand in the semiconductor and information and communications fields continues. The high-silica segment posted higher sales and profit by responding to raw-material constraints. - FY2022-Q1Tight supply and demand and procurement constraints in semiconductors and information and communicationsAnnual report
「In addition, supply and demand in the semiconductor and information and communications fields remain tight in the resource-related business.」
While demand related to semiconductors and information and communications remains tight, delays in the arrival of raw materials due to India's lockdown also occurred in the high-silica business. - FY2021-Q3RestatedAnnual report
「In the resource-related business, demand for housing-related materials remained sluggish, while demand in the semiconductor and information and communications fields continued to remain firm.」
The pattern of sluggish demand for housing-related materials alongside firm demand related to semiconductors and information and communications continues. - FY2021-Q2RestatedAnnual report
「In the resource-related business, demand for housing-related materials remained sluggish, while demand in the semiconductor and information and communications fields remained firm.」
While demand related to semiconductors and information and communications remained firm, demand for housing-related materials was sluggish. - FY2021-Q1Semiconductor and information and communications demand remained firm, but housing-related demand was sluggishAnnual report
「In the resource-related business, demand in the semiconductor and information and communications fields remained firm, while demand for housing-related materials was sluggish.」
While demand related to semiconductors and information and communications remained firm, demand for housing-related materials was sluggish due to the impact of the COVID-19 pandemic. - FY2020-Q3WorsenedAnnual report
「Sales in the high-silica segment, which supplies materials such as semiconductor encapsulants, declined overall. Demand related to semiconductors, for which a downturn had been expected, remained firm, while demand related to optical and liquid-crystal applications was sluggish.」
While demand related to semiconductors remained firm, demand related to optical applications and liquid-crystal applications was sluggish, causing sales in the high-silica segment to decline overall. - FY2020-Q2Firm semiconductor demand, sluggish optical demand, and an overall decline in the resource-related businessAnnual report
「Sales in the high-silica segment, which supplies materials such as semiconductor encapsulants, declined overall. Demand related to semiconductors, for which a downturn had been expected, remained firm, while demand related to optical applications was sluggish.」
While demand related to semiconductors remained firm, sluggish demand related to optical applications caused sales in the high-silica segment to decline overall. - FY2020-Q1WorsenedAnnual report
「In the resource-related business, demand in the semiconductor and information and communications fields remained sluggish.」
Demand related to semiconductors and information and communications, which had been described as having paused through the previous quarter, remained sluggish in the current quarter. - FY2019RestatedAnnual report
「In the resource-related business, the previously firm demand in the semiconductor and information fields began to show signs of a pause from the end of last year.」
A pause in demand related to semiconductors and information was reported for the full fiscal year as well. - FY2019-Q3RestatedAnnual report
「In the resource-related business, the previously firm demand in the semiconductor and information and communications fields began to show signs of a pause.」
A pause in demand related to semiconductors and information and communications continues to be reported. The operating performance of the Chinese joint venture was not specifically mentioned in the explanation of business results for the current quarter. - FY2019-Q2RestatedAnnual report
「In the resource-related business, the previously firm demand in the semiconductor and information and communications fields began to show signs of a pause.」
A pause in demand related to semiconductors and information and communications continues to be reported. The Chinese joint venture was not specifically mentioned in the explanation of business results for the current quarter. - FY2019-Q1A pause in demand related to semiconductors and information and communicationsAnnual report
「In the resource-related business, the previously firm demand in the semiconductor and information and communications fields began to show signs of a pause.」
Demand in the semiconductor and information and communications fields, which had been described as firm through the previous year, was reported to have begun showing signs of a pause. The operating performance of the Chinese joint venture was not specifically mentioned in the explanation of business results for the current quarter. - FY2018WorsenedAnnual report
「Non-operating income and expenses deteriorated by ¥31 million from the previous consolidated fiscal year, mainly due to a decrease in equity-method investment income from the Chinese joint venture, resulting in net income of ¥6 million.」
While demand related to semiconductors and information remained firm, equity-method investment income from the Chinese joint venture deteriorated and contributed to the deterioration in non-operating income and expenses. - FY2018-Q3WorsenedAnnual report
「Demand in the semiconductor and information and communications fields remained firm in the resource-related business. Ordinary profit was ¥306 million, down 36.8% year on year, mainly due to a decrease in equity-method investment income from the Chinese joint venture under non-operating income and expenses.」
While demand related to semiconductors and information and communications remained firm, equity-method investment income from the Chinese joint venture declined and contributed to the decrease in ordinary profit. - FY2018-Q2Demand remained firm, while equity-method earnings from the Chinese joint venture deterioratedAnnual report
「Demand in the semiconductor and information and communications fields remained firm in the resource-related business. Ordinary profit was ¥253 million, down 19.1% year on year, mainly due to a decrease in equity-method investment income from the Chinese joint venture, recorded as non-operating income.」
While demand related to semiconductors and information and communications continued to strengthen, equity-method investment income from the Chinese joint venture declined and contributed to the decrease in ordinary profit. - FY2018-Q1Strengthening demand related to semiconductors and information and communicationsAnnual report
「Demand in the semiconductor and information and communications fields remained firm in the resource-related business.」
Demand in the resource-related business had been described as weakening in the previous fiscal year, but demand in the semiconductor and information and communications fields remained firm. - FY2017Full-year confirmation of signs of recovery in resource demand and improvement in the Chinese joint ventureAnnual report
「The recovery in the performance of the Chinese joint venture, reflected in non-operating income and expenses, improved equity-method investment income and contributed to group earnings.」
Although resource-related demand remained weak, signs of recovery emerged in the second half of the fiscal year, and the recovery in the Chinese joint venture's performance and improvement in equity-method investment income contributed to full-year earnings. - FY2017-Q3Continued weakness in resource demand and improved performance of the Chinese joint ventureAnnual report
「Demand for housing-related materials and demand in the semiconductor and information and communications-related fields in the resource-related business remained weak. In non-operating income and expenses, the increase in equity-method investment income resulting from improved performance by the Chinese joint venture contributed to ordinary income of ¥485 million, up 29.6% year on year.」
While weakness in resource-related demand continued, the Chinese joint venture continued to improve its performance, and higher equity-method investment income contributed to the increase in ordinary income. - FY2017-Q2Continued weakness in resource demand and improved performance of the Chinese joint ventureAnnual report
「Demand for housing-related materials and demand in the semiconductor and information and communications-related fields in the resource-related business remained weak. In non-operating income and expenses, the increase in equity-method investment income resulting from improved performance by the Chinese joint venture contributed to ordinary income of ¥313 million, up 53.6% year on year.」
While weakness in resource-related demand continued, the Chinese joint venture turned to improved performance, resulting in higher equity-method investment income. - FY2016First statedAnnual report
「The Company was unable to fully offset the effects of delayed recovery in demand in the resource-related business and deterioration in the performance of the Chinese joint venture, reflected in non-operating income and expenses through the deterioration of equity-method investment income. As a result, for the consolidated fiscal year, net sales were ¥9,787 million, down 1.8% year on year, operating income was ¥435 million, down 16.5%, and ordinary income was ¥427 million, down 44.6%.」
The weakness in resource demand and deterioration in the performance of the Chinese joint venture actually affected business results for the current period.