Expansion of the FPD Market and Demand for Next-Generation Displays
First written in FY2016. 14 of 29 entries say "Restated". Latest entry: 2026-08-07.
Kubotek moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2023: 43 of 66 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- 2026-08-07RestatedOccurring Fact
「In the flat-panel display (FPD) sector, the effects of customers' restraint on capital investment continued, and the recovery in demand remained slow.」
The company continues to describe a challenging market, with customers restraining capital investment and demand recovering slowly. - FY2026RestatedAnnual report
「In the FPD sector, the recovery in demand was limited, and customers' appetite for capital investment remained at a low level.」
The company indicates that the recovery in demand in the FPD sector was limited and that customers' appetite for capital investment remained at a low level, while the challenging business environment continued. - 2026-05-15WorsenedOccurring Fact
「In the flat-panel display (FPD) sector, the recovery in demand was limited, and customers' willingness to invest in equipment remained low. The stagnant market conditions did not ease, and the business environment surrounding the group remained challenging throughout the fiscal year.」
The company stated that the recovery in demand was limited and customers' willingness to invest in equipment remained low, emphasizing the continued severity of market conditions. - FY2026-H1WorsenedAnnual report
「In the flat-panel display (FPD) sector, there were still few signs of a recovery in demand, customers' appetite for capital investment remained sluggish, and the challenging business environment continued.」
The company states that there were few signs of a recovery in demand in the FPD sector and that customers' appetite for capital investment remained sluggish, with the challenging market environment continuing. - FY2025Resilient capital investment alongside curbs on new investmentAnnual report
「In the field of flat-panel displays (FPDs), capital investment remained resilient, although some moves to curb new investment were seen. In addition, the challenging business environment continued due to the slowdown in the Chinese economy and competition in the market.」
The company indicates that, while capital investment remained resilient, the business environment remained challenging due to curbs on new investment, the slowdown in the Chinese economy and market competition. - FY2025-H1WorsenedAnnual report
「In the field of flat-panel displays (FPDs), the challenging business environment has continued due to factors including the slowdown in the Chinese economy.」
The company states that the challenging business environment in the FPD sector has continued, driven by factors including the slowdown in the Chinese economy. In contrast to the investment activity seen among some business partners through the previous quarter, the overall market is now explicitly described as challenging. - FY2024-Q3RestatedAnnual report
「In the field of flat-panel displays (FPDs), some of the company's business partners continued to show signs of shifting from their previous postponement or curtailment of capital investment toward making investments.」
The company continues to hold the view that some business partners are shifting from postponing or curtailing capital investment toward making investments. This does not indicate a recovery in the overall market or an improvement in the order environment. - FY2024-Q2A shift from curtailing investment to making investmentsAnnual report
「In the field of flat-panel displays (FPDs), some of the company's business partners showed signs of shifting from postponing or curtailing capital investment toward making investments.」
The company states that some business partners showed signs of shifting from postponing or curtailing capital investment toward making investments. However, this does not indicate a recovery in the overall FPD market or an improvement in the order environment. - FY2024-Q1Some business partners resumed capital investmentAnnual report
「In the field of flat-panel displays (FPDs), some of the company's business partners showed signs of making capital investments.」
The company states that, despite the previously cautious capital investment stance of FPD manufacturers, some of its business partners showed signs of making capital investments. However, this does not indicate a recovery in the overall market or an improvement in the order environment. - FY2023WorsenedAnnual report
「In the field of flat-panel displays (FPDs), customers seeking to assess market trends showed a cautious stance toward investment plans, while a challenging business environment continued, including longer lead times due to surging raw-material prices and constraints on component supplies.」
In addition to the cautious investment plans of FPD customers, the company cites surging raw-material prices and longer lead times caused by component supply constraints, providing specific factors behind the challenging business environment. - FY2023-Q3RestatedAnnual report
「In the field of flat-panel displays (FPDs), FPD manufacturers showed a cautious stance on capital investment, and the challenging order environment continued.」
The company continues to reflect the market view that FPD manufacturers showed a cautious stance on capital investment and that the challenging order environment continued. - FY2023-Q2RestatedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers showed a cautious trend, and the challenging order environment continued.」
The company continues to reflect the market view that capital investment by FPD manufacturers was cautious and that the challenging order environment continued. - FY2023-Q1Softer wording on capital investment, but the challenging order environment continuesAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers showed signs of caution, and the challenging order environment continued.」
The wording changed from "remained sluggish" in the previous fiscal year to "showed signs of caution," while the view that the challenging order environment continued was maintained. - FY2022RestatedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers remained sluggish, and the challenging order environment continued.」
The company continues to reflect the market view that capital investment by FPD manufacturers remained sluggish and that the challenging order environment continued. - FY2022-Q3WorsenedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers showed signs that the recovery was stalling, and the challenging order environment continued.」
The view has changed from the previous quarter's statement that capital investment was gradually recovering in some areas to one that the recovery was showing signs of stalling, while the challenging order environment continues. - FY2022-Q2Some gradual recovery, but the challenging order environment continuesAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers was gradually recovering in some areas, but the challenging order environment continued.」
The view now includes some gradual recovery in capital investment by FPD manufacturers, while the challenging order environment continues. - FY2022-Q1Some recovery, but the challenging order environment continuesAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers showed some signs of recovery, but the challenging order environment continued.」
The company states that, while some recovery was seen in capital investment by FPD manufacturers, the challenging order environment continued. - FY2021RestatedAnnual report
「The inspection systems business, the Group's main business, primarily serves the FPD sector. Although conditions fluctuate, the overall market is expanding, is expected to continue growing, and requires ongoing technological innovation.」
The company continues to hold the long-term market view that the FPD market is expected to expand and grow overall. At the same time, it states that capital investment was cautious during the fiscal year and that the order environment was challenging. - FY2021-Q3RestatedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers proceeded cautiously, and the challenging order environment continued.」
The company continues to reflect the market view that FPD manufacturers remained cautious about capital investment and that the challenging order environment continued. - FY2021-Q2RestatedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers remained sluggish, and the challenging order environment continued.」
The company continues to reflect the market view that capital investment by FPD manufacturers remained sluggish and that the challenging order environment continued. - FY2021-Q1RestatedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers remained sluggish, and the challenging order environment continued.」
The company reiterates the market view that capital investment by FPD manufacturers remained sluggish and that the challenging order environment continued. The impact of the COVID-19 pandemic also contributed to the decline in sales during the quarter. - FY2020WorsenedAnnual report
「In the field of flat-panel displays (FPDs), capital investment by FPD manufacturers was curtailed, and the challenging order environment continued.」
The description has become more forceful, changing from the previous cautious stance to curtailed investment, while indicating that the challenging order environment continued. - FY2020-Q3RestatedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, FPD manufacturers' cautious stance on capital investment remained entrenched, and the challenging order environment continued.」
The company reiterates the market view that FPD manufacturers remain firmly cautious about capital investment and that the challenging order environment continues. - FY2020-Q2WorsenedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, FPD manufacturers' cautious stance on capital investment intensified, and the challenging order environment continued.」
The market view has changed to indicate that FPD manufacturers have become more cautious about capital investment than before and that the challenging order environment continues. - FY2020-Q1RestatedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, capital investment by FPD manufacturers became cautious, and the challenging order environment continued.」
The company reiterates the market view that FPD manufacturers remain cautious about capital investment and that the challenging order environment continues. - FY2019-Q3WorsenedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, capital investment by FPD manufacturers showed signs of caution, resulting in a challenging order environment.」
The description has changed from the previous view of some signs of caution to a statement that capital investment by FPD manufacturers showed signs of caution, resulting in a challenging order environment. - FY2019-Q1RestatedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, capital investment by FPD manufacturers remained steady overall, although some signs of caution were seen.」
The market view is that capital investment by FPD manufacturers remained generally steady, while some signs of caution were seen. - FY2018RestatedAnnual report
「In the field of flat-panel displays (FPDs), including LCDs, capital investment by FPD manufacturers remained steady, supported by trends such as larger, higher-definition televisions and the shift toward organic EL displays in smartphones.」
The company states that, in addition to the growth outlook for the FPD and organic EL markets, capital investment by FPD manufacturers remained steady during the fiscal year. - FY2016First statedAnnual report
「Although conditions fluctuate, the overall market for FPDs, the company's primary target market, is expanding, is expected to continue growing, and at the same time, the market for organic EL and other next-generation displays is also expected to expand」
The outlook points to growth in both the overall FPD market and next-generation markets such as organic EL, which are target markets for inspection systems.