Risk of fluctuations in business conditions and capital investment in the Industrial Equipment and Other Businesses
First written in FY2020-Q3. 6 of 16 entries say "Mitigated", first in FY2023-Q2. Latest entry: 2026-08-06.
The whole theme swung hardest in 2020: 65 of 83 companies on the "Worse" side.
23 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings presentation
「インダストリー事業 売 上 収 益 151 350 761 179 340 390 840 880 営 業 利 益 16 49 90 30 25 50 120 140」
インダストリー事業の通期売上収益予想が840億円から880億円へ、営業利益予想が120億円から140億円へ引き上げられた。 - FY2026MitigatedAnnual report
「In the Components business, sales of image measuring systems and other products for electronic components and semiconductors remained firm in the Industrial Solutions business. Revenue and profit increased, aided by the effects of structural reforms related to the Industrial Equipment business and improved profitability resulting from changes in the product mix.」
Although the Industrial Equipment-related businesses were affected by the semiconductor and electronic component markets, firm sales, structural reforms and an improved product mix resulted in higher revenue and profit. - 2026-05-08MitigatedEarnings presentation
「 営 業 利 益 14 71 52 95 25 120」
インダストリー事業の営業利益は2026年3月期に95億円となり、前期の71億円から増加した。2027年3月期は120億円を予想している。 - FY2026-H1MitigatedAnnual report
「In the Components business, sales of image measuring systems for electronic components and semiconductors, large X-ray/CT inspection systems, and optical parts and optical components remained firm in the Industrial Solutions business. Revenue and profit increased, partly due to the effects of structural reforms in the Industrial Equipment business implemented in the previous consolidated fiscal year.」
Although the Industrial Equipment-related businesses were affected by the semiconductor and electronic component markets, firm sales of related products and the effects of structural reforms resulted in higher revenue and profit. - FY2025-H1RestatedAnnual report
「In the Components business, the Industrial Solutions business was affected by the slowdown in the semiconductor and electronic component markets and inventory adjustments by end users. Capital investment in the aerospace and EV (electric vehicle) markets remained strong.」
We described a divergence in demand related to industrial equipment: the semiconductor and electronic component markets were slowing and end users were adjusting inventories, while investment related to aerospace and EVs was strong. - FY2024WorsenedAnnual report
「In the digital manufacturing business, the Industrial Equipment business posted higher revenue as sales of new X-ray products and laser radar remained firm, but profit declined as a result of recording one-time expenses, including costs related to the disposal of unprofitable products.」
The Industrial Equipment business posted higher revenue due to firm sales of some products, but profit declined due to the disposal of unprofitable products and other measures. - FY2024-Q3WorsenedAnnual report
「In the digital manufacturing business, capital investment in the semiconductor and electronic component markets remained weak in the Industrial Equipment business. Meanwhile, signs of stagnation emerged in capital investment in the EV (electric vehicle) and automotive battery markets.」
Weak capital investment related to semiconductors and electronic components, on which the Industrial Equipment business depends, continued, while signs of stagnation emerged in capital investment related to EVs and automotive batteries, which had been strong in the previous quarter. - FY2024-Q2RestatedAnnual report
「In the digital manufacturing business, capital investment in the semiconductor and electronic component markets remained weak in the Industrial Equipment business. Meanwhile, capital investment in the EV (electric vehicle) and automotive battery markets remained strong.」
We described a divergence in demand in the Industrial Equipment business: investment related to semiconductors and electronic components was weak, while investment related to EVs and automotive batteries was strong. - FY2024-Q1WorsenedAnnual report
「In the digital manufacturing business, the Industrial Equipment business posted higher revenue as sales of image measuring systems and industrial microscopes remained firm despite recent deterioration in market conditions for semiconductors and electronic components. However, the loss widened due to upfront investment and higher materials costs.」
We stated that the loss in the Industrial Equipment business widened due to deteriorating market conditions in semiconductors and electronic components, higher materials costs and upfront investment. - FY2023MitigatedAnnual report
「In the Industrial Equipment business, revenue and profit increased as sales of image measuring systems, industrial microscopes and X-ray/CT inspection systems remained strong against a backdrop of robust markets for semiconductors, electronic components and EVs.」
The Industrial Equipment business, which is exposed to risks from fluctuations in economic conditions and capital investment, posted higher revenue and profit due to strong related markets and product sales. - FY2023-Q3RestatedAnnual report
「In the Industrial Equipment business, revenue and profit increased as sales of image measuring systems, industrial microscopes and X-ray/CT inspection systems remained strong against a backdrop of robust markets for semiconductors, electronic components and EVs.」
The Industrial Equipment business continued to post higher revenue and profit against a backdrop of strong related markets and product sales. - FY2023-Q2MitigatedAnnual report
「In the Industrial Equipment business, revenue and profit increased as sales of image measuring systems, industrial microscopes and X-ray/CT inspection systems remained strong against a backdrop of robust markets for semiconductors, electronic components and EVs.」
In the Industrial Equipment and Other businesses, strong related markets and product sales improved performance from an operating loss in the previous fiscal year to higher revenue and profit. - FY2022-Q2WorsenedAnnual report
「In the Industrial Equipment business, revenue increased as the recovery trend in capital investment related to electronic components, semiconductors and automobiles continued, and the loss narrowed. As a result, revenue from the Industrial Equipment and Other businesses was ¥14.672 billion, up 30.6% year on year, but the operating loss was ¥1.625 billion, compared with an operating loss of ¥597 million in the same period of the previous year, partly due to the impact of inventory write-downs for disposal at a production subsidiary.」
Although the recovery in capital investment contributed to higher revenue and a narrower loss, inventory write-downs for disposal at a production subsidiary caused the operating loss to widen from the same period of the previous year. - FY2021-Q2RestatedAnnual report
「In the Industrial Equipment business, revenue declined due to customers’ restrained investment and restrictions on sales activities resulting from the spread of COVID-19, but the loss narrowed through expense controls.」
While lower revenue due to customers’ restrained investment and restrictions on sales activities continued, the loss narrowed through expense controls. - FY2020MaterialisedAnnual report
「In the Industrial Equipment business, revenue declined due to weak market conditions, particularly in China and elsewhere in Asia, and restrained investment resulting from the spread of COVID-19. Profitability improved through expense controls and other measures, but profit declined due to goodwill impairment and other factors.」
The risk from fluctuations in economic conditions and capital investment in the Industrial Equipment and Other businesses materialized in the form of weak market conditions, restrained investment due to the pandemic, lower revenue and goodwill impairment. - FY2020-Q3First statedAnnual report
「The Industrial Equipment and Other businesses are structured in a way that makes them susceptible to economic conditions and capital investment trends in a wide range of industries, including semiconductors, electrical and electronic components, automobiles and machine tools.」
We identified for the first time, as a standalone theme, the structural risk that the Industrial Equipment and Other businesses depend on economic conditions and capital investment trends in semiconductors, electronic components, automobiles and machine tools, among others.