Concern over deteriorating profitability due to falling memory prices
First written in FY2019-Q2. 6 of 17 entries say "Restated". Latest entry: FY2025.
Rix moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2022: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「Globally, demand continued to expand alongside advances in AI-related technology development, particularly for logic semiconductors.」
There was no direct reference to worsening profitability caused by falling memory prices, while demand growth centered on AI and logic semiconductors was reported. - FY2024SoftenedAnnual report
「Globally, semiconductor-related sales increased year on year, reversing the decline seen in the previous fiscal year.」
The disclosure shifted from direct concerns about weak memory demand and semiconductor sales through the previous fiscal year to a description of year-on-year growth and recovery in semiconductor-related sales. - FY2024-Q2RestatedAnnual report
「In the global market, semiconductor-related sales declined from the same period of the previous year, when digitalization during the COVID-19 pandemic drove strong activity, but the market as a whole showed signs of recovery. In Japan, production of automotive and power semiconductors was robust and investment in various types of semiconductors generally increased, but sales of semiconductor manufacturing equipment continued to trend downward amid capital expenditure cuts by major global companies.」
While the overall semiconductor market recovered and investment in automotive and power semiconductors increased, the decline in manufacturing equipment sales caused by capital expenditure reductions continued. - FY2024-Q1Semiconductor sales recovery coexisted with reduced capital investmentAnnual report
「In Japan, demand segments shifted and investment in automotive and power semiconductors increased, but sales of semiconductor manufacturing equipment remained on a downward trend following capital expenditure reductions by major global companies.」
While investment in automotive and power semiconductors increased, sales of semiconductor manufacturing equipment declined as major global companies reduced capital expenditure, and the divergence among demand segments continued. - FY2023Memory investment restraint coexisted with increased investment in power semiconductorsAnnual report
「Globally and in Japan, investment restraint was seen in the memory semiconductor market, while demand segments showed divergent trends, including increased investment in automotive power semiconductors.」
While investment in the memory semiconductor market was restrained, investment in automotive power semiconductors increased, making the divergence among demand segments more pronounced. - FY2023-Q3Weak memory demand coexists with continued demand for semiconductor manufacturing equipmentAnnual report
「In the industry, global sales reached a record high in 2022, but overall industry sales did not grow significantly, partly because demand in the memory segment remained weak. In Japan, demand for semiconductor manufacturing equipment continued despite some moderation in the pace of growth, and sales remained on an upward trend.」
Global semiconductor sales were reported to have reached a record high, while weak demand in the memory segment and sluggish growth across the industry were indicated. Demand for semiconductor manufacturing equipment in Japan continued despite slowing growth. - FY2023-Q2SoftenedAnnual report
「In this industry, global sales reached a record high, although growth rates differed by semiconductor type and region, and further growth is expected. In Japan, demand remained particularly strong for semiconductor manufacturing equipment, and sales expanded.」
There was no direct mention of deteriorating profitability due to falling memory prices, and it was stated that global semiconductor sales had reached a record high and demand for manufacturing equipment was expanding. - FY2021SoftenedAnnual report
「Semiconductor demand driven by the spread of 5G and demand for automotive semiconductors coincided, resulting in growth in both global sales of semiconductor manufacturing equipment and global sales of semiconductor materials.」
There was no direct mention of deteriorating profitability due to falling memory prices, and global sales of semiconductor-related products were described as having grown. - FY2021-Q3SoftenedAnnual report
「In this industry, demand for electronic components driven by the spread of 5G was strong, while demand for electronic components and semiconductors driven by the increasing use of electronics and electrification in automobiles affected by COVID-19 also recovered, and overall business performed well.」
The industry commentary for the quarter made no mention of deteriorating profitability due to falling memory prices, stating that demand for electronic components and semiconductors had recovered and that the industry as a whole was performing well. - FY2021-Q2RestatedAnnual report
「In this industry, demand for electronic components driven by the spread of 5G remained firm, but the outlook for demand for electronic components and semiconductors driven by the increasing use of electronics and electrification in automobiles, amid declining vehicle production under the impact of COVID-19, remained uncertain.」
While 5G-related demand remained firm, uncertainty over the outlook for demand for electronic components and semiconductors due to lower automobile production continued. - FY2021-Q1WorsenedAnnual report
「In this industry, demand for electronic components driven by the spread of 5G remained firm, but demand for electronic components and semiconductors driven by the increasing use of electronics and electrification in automobiles slowed as vehicle production declined under the impact of COVID-19. Overall, business remained sluggish.」
Although 5G-related demand remained firm, the slowdown in demand for electronic components and semiconductors due to lower automobile production caused the industry as a whole to become sluggish. - FY2020-Q3RestatedAnnual report
「Within the industry, although demand for 5G-related electronic components provided support, demand for electronic components and semiconductors slowed due to deteriorating profitability from falling memory prices and the increasing use of electronics and electrification in automobiles and higher functionality in industrial equipment, and overall performance remained weak.」
Although 5G-related demand provided support, concern over deteriorating profitability due to falling memory prices and the slowdown in demand for electronic components and semiconductors continued. - FY2020-Q2RestatedAnnual report
「In this industry, demand for 5G-related electronic components provided support, but profitability deteriorated due to falling memory prices, while demand for electronic components and semiconductors, driven by the increasing use of electronics and electrification in automobiles and the enhanced functionality of industrial equipment, slowed. Overall, business remained sluggish.」
While 5G-related demand provided support, concern over deteriorating profitability due to falling memory prices and the slowdown in demand for electronic components and semiconductors continued. - FY2020-Q1WorsenedAnnual report
「Within the industry, although uncertainty remained, including deteriorating profitability due to falling memory prices, demand for electronic components and semiconductors, driven by increasing automotive electronics and electrification and higher functionality in industrial equipment, also showed signs of gradually declining, and overall performance remained weak.」
In addition to the previous concern over deteriorating profitability due to falling memory prices, a gradual decline in demand for electronic components and semiconductors has emerged, indicating heightened risk recognition. - FY2019RestatedAnnual report
「Although uncertainty remained, including deteriorating profitability due to falling memory prices, demand for electronic components and semiconductors remained firm, driven by new smartphones, increasing automotive electronics and electrification, and higher functionality in industrial equipment, and the industry grew moderately overall.」
Although concern over deteriorating profitability due to falling memory prices remains, the assessment that demand is firm continues. - FY2019-Q3RestatedAnnual report
「Within the industry, although uncertainty remained, including deteriorating profitability due to falling memory prices, demand for electronic components and semiconductors remained firm, driven by new smartphones, increasing automotive electronics and electrification, and higher functionality in industrial equipment, and the industry grew moderately overall.」
Uncertainty over deteriorating profitability due to falling memory prices remains, but demand is firm and the risk assessment has not changed significantly from the previous quarter. - FY2019-Q2First statedAnnual report
「Within the industry, although uncertainty remained, including deteriorating profitability due to falling memory prices, demand for electronic components and semiconductors remained high, driven by new smartphones, increasing automotive electronics and electrification, and higher functionality in industrial equipment, and overall performance remained favorable.」
The possibility that falling memory prices could worsen profitability is explicitly identified as a source of uncertainty for the first time.