Dependence on a Specific Customer in the Semiconductor Manufacturing Equipment Business
First written in FY2021-Q2. 4 of 13 entries say "Restated". Latest entry: FY2026.
Suzuden moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 7 of 19 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Sales to the Tokyo Electron Group: ¥10,201,796 thousand; share of sales to the Tokyo Electron Group: 22.2%」
The Tokyo Electron Group's share of sales increased from 21.8% in the previous fiscal year to 22.2%. The Company continued to state its dependence on the specific customer and the possibility that changes in capital investment and production plans could have an impact. - FY2025MitigatedAnnual report
「Sales to the Tokyo Electron Group: ¥10,176,200 thousand; share of sales to the Tokyo Electron Group: 21.8%」
The Tokyo Electron Group's share of sales decreased from 27.8% in the previous fiscal year to 21.8%. However, the Company continued to state that capital investment and changes to production plans by that customer could affect operating results and other matters. - FY2025-H1RestatedAnnual report
「The impact of inventory adjustments for production materials at major customers has continued, and sales have not yet recovered.」
Regarding dependence on major customers, including those related to semiconductor manufacturing equipment, the Company reconfirmed that customers' ongoing inventory adjustments for production materials had prevented sales from recovering. - FY2024MaterialisedAnnual report
「The Group's operating results were affected in its main customer industries, namely electrical equipment, electronic components and industrial machinery, by lower orders resulting from the continued buildup of production-material inventories and lower demand resulting from a slowdown in capital investment by end users.」
Regarding the risk associated with dependence on major customers, including those related to semiconductor manufacturing equipment, lower orders and demand resulting from customer inventory buildup and a slowdown in capital investment actually affected full-year operating results. The Tokyo Electron Group's share of sales was stated as 27.8%. - FY2024-Q3RestatedAnnual report
「In addition, from the third quarter onward, some end users of major customers deferred or curtailed their capital investment plans, which also affected our operating results.」
The postponement and restraint of capital investment plans by the end users of major customers affected operating results, and the impact of dependence on major customers continued. - FY2024-Q2RestatedAnnual report
「The Group was affected by lower orders because the buildup of production-material inventories had not been cleared, and by lower demand resulting from a slowdown in capital investment by end users. In addition, a decrease in operating days caused by major customers replacing their systems also affected operating results.」
Regarding dependence on major customers, the buildup of customers' production-material inventories, lower orders and a slowdown in end users' capital investment continued to affect operating results. - FY2024-Q1MaterialisedAnnual report
「The Group was affected by lower orders resulting from the buildup of production-material inventories at major customers and lower demand resulting from an adjustment phase in capital investment by end users.」
Regarding the risk associated with dependence on major customers, including those related to semiconductor manufacturing equipment, the Company stated that lower orders resulting from inventory buildup at major customers had an actual impact on operating results. - FY2023WorsenedAnnual report
「Sales to the Tokyo Electron Group: ¥20,121,374 thousand; share of sales to the Tokyo Electron Group: 29.8%」
The Tokyo Electron Group's share of sales increased from 28.0% in the previous fiscal year to 29.8%, indicating a numerical increase in dependence on the specific customer. - FY2023-Q3Concerns over an adjustment in capital investment demand at the delivery destinations of major customersAnnual report
「Although capital investment demand among semiconductor manufacturers served by our major customer, semiconductor manufacturing equipment manufacturers, entered an adjustment phase and raised concerns about its impact, continued solid production activity also contributed to our operating results.」
Regarding dependence on major customers related to semiconductor manufacturing equipment, the disclosure noted concerns that capital investment demand at the semiconductor manufacturers to which those customers deliver products had entered an adjustment phase. Meanwhile, the major customers' production activity was described as solid. - FY2022WorsenedAnnual report
「The Group's sales have become highly dependent on customers related to semiconductor manufacturing equipment, including the Tokyo Electron Group. Accordingly, trends in those customers' capital investment and changes to their production plans could affect the Group's operating results and financial position.」
The risk of dependence on specific customers continued, with sales to the Tokyo Electron Group totaling ¥16,703,525 thousand, or 28.0% of consolidated sales. The percentage indicating the level of dependence increased from 24.2% stated for the previous fiscal year. - FY2021WorsenedAnnual report
「The Group's sales have become highly dependent on customers related to semiconductor manufacturing equipment and the Tokyo Electron Group. Accordingly, trends in the capital investment of these customer groups and changes to their production plans could affect the Group's operating results and financial position.」
The customers on which the Group depends were clarified as customers related to semiconductor manufacturing equipment and the Tokyo Electron Group, and the Tokyo Electron Group's share of sales was stated as 24.2%. - FY2021-Q3RestatedAnnual report
「To address customer requirements arising from technological innovation, including growing demand for and advances in semiconductor products driven by the development and adoption of next-generation technologies, the Group will work closely with specific customers, strengthen and expand its sales, logistics and production systems, and reduce risk by acquiring new customers, including in other industries.」
The Group has reiterated the risk of dependence on sales to specific customers and specified cooperation with those customers, the strengthening of its sales, logistics and production systems, and the acquisition of new customers, including in other industries, as measures to address the risk. - FY2021-Q2First statedAnnual report
「The Group's sales have become highly dependent on certain customers related to semiconductor manufacturing equipment. Accordingly, trends in these specific customers' capital investment and changes to their production plans could affect the Group's operating results and financial position.」
The Group has a high level of sales dependence on certain customers related to semiconductor manufacturing equipment, and has disclosed for the first time, as a standalone item, the risk that changes in those customers' capital investment and production plans could affect operating results and financial position.