Decline in Electronic Component Demand Due to Sluggish Global Smartphone Sales
First written in FY2023-Q3. 6 of 11 entries say "Reframed", first in FY2024-Q1. Latest entry: 2026-08-12.
The whole theme swung hardest in 2022: 5 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-08-12MitigatedEarnings presentation
「Inventory adjustments for semiconductors and electronic components have run their course, and demand is recovering.」
The description of semiconductor and electronic component demand progressed from one centered on weak demand to one indicating that inventory adjustments had run their course and demand was recovering. - FY2026ReframedAnnual report
「Japanese manufacturers are showing signs of recovery in semiconductors, electronic components and related areas as companies adapt to U.S. tariff issues and against the backdrop of growing global AI demand. At the same time, uncertainty about the outlook continues due to concerns over supply constraints, including higher crude oil and other energy prices resulting from heightened tensions in the Middle East and export restrictions on resources.」
The description of electronic component and semiconductor demand shifted from one focused on inventory adjustments in the information and communications sector to one that also cites signs of recovery driven by AI demand and uncertainty arising from tariffs, energy prices and export restrictions. - 2026-05-15ReframedEarnings presentation
「Demand for semiconductors, including those related to AI, is expected to grow significantly.」
The description of the demand environment for electronic components and semiconductors expanded from one centered on inventory adjustments in the information and communications sector to include the outlook for growing demand for AI-related semiconductors. - FY2026-H1ReframedAnnual report
「In the manufacturing sector, demand for electronic components and semiconductors has shown signs of a gradual recovery, mainly in automotive-related applications. However, a full-scale recovery is still expected to take time, partly due to the impact of U.S. trade policy. In addition, capital investment for next-generation semiconductors entered a period of relative lull.」
The description of electronic component and semiconductor demand shifted from one focused on inventory adjustments in the information and communications sector to one in which automotive-related demand shows signs of recovery, while U.S. trade policy and a lull in capital investment are delaying the recovery. - FY2025ReframedAnnual report
「In the contract manufacturing and temporary staffing businesses, inventory adjustments for semiconductors and electronic components have continued in the information and communications sector, although signs of a gradual recovery have begun to emerge, primarily for automotive components.」
While weak demand due to inventory adjustments in the information and communications sector continues, signs of recovery have emerged for automotive components, and the demand environment is now described separately by sector. - FY2025-H1ReframedAnnual report
「In the contract manufacturing and temporary staffing businesses, inventory adjustments for semiconductors and electronic components have continued in the information and communications sector, although signs of a gradual recovery have begun to emerge, primarily for automotive components.」
While weak demand in the electronic equipment and information and communications sectors continues, signs of recovery have emerged for automotive components, and the demand environment is now described separately by sector. - FY2024RestatedAnnual report
「Production cuts at electronic and information and communications equipment manufacturers due to inventory adjustments lasted longer than expected.」
Weak demand for electronic equipment and production cuts due to longer replacement cycles for smartphones, PCs and other devices and inventory adjustments continue. - FY2024-Q2RestatedAnnual report
「Furthermore, demand remained weak among our major customers due in part to longer replacement cycles for smartphones and PCs, with production cuts resulting from production plan revisions.」
Weak demand due to longer replacement cycles for smartphones, PCs and other devices, as well as production cuts by major customers, continues. - FY2024-Q1ReframedAnnual report
「Demand in the information and communications equipment sector remained weak due in part to longer replacement cycles for electronic devices such as smartphones and PCs.」
The characterization of the decline in demand due to weak smartphone sales was made more specific as weak demand resulting from longer replacement cycles for smartphones, PCs and other devices. - FY2023RestatedAnnual report
「Against this economic backdrop, the business environment surrounding our Group was affected by a decline in demand for electronic components and devices due to weak global smartphone sales.」
The decline in demand for electronic components and devices due to weak smartphone sales continues to be cited as part of the full-year business environment. - FY2023-Q3First statedAnnual report
「Against this economic backdrop, the business environment surrounding our Group was affected by a decline in demand for electronic components and devices due to weak global smartphone sales.」
This is the first explicit statement that demand for electronic components and devices actually declined due to weak global smartphone sales.