Declining profitability and impairment in the semiconductor equipment business
First written in FY2016. 17 of 35 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-10-30.
Nikon moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2025: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- 2026-10-30MitigatedRevisions to earnings forecasts
「営業利益は、好調な半導体市況の恩恵を受けた精機事業におけるサービス売上の上振れ、費用抑制や一部支出の後ろ倒しによる販売費および一般管理費の減少、米国における関税還付等により、前回予想を上回る見込みです。」
精機事業のサービス売上上振れ、費用抑制等により、営業利益予想が前回予想を上回る見込みとなった。 - FY2026WorsenedAnnual report
「In the Precision Equipment business, unit sales of equipment in the FPD lithography equipment segment and unit sales of ArF dry and immersion lithography equipment in the semiconductor lithography equipment segment declined, resulting in lower revenue and profit for the business as a whole.」
The Precision Equipment business posted an operating loss due to a decline in unit sales of semiconductor lithography equipment, and declining profitability re-emerged after the business had returned to a profitable structure. - FY2026-H1MitigatedAnnual report
「In the Precision Equipment business, the product mix of equipment sales improved in the FPD lithography equipment segment, while unit sales of ArF lithography equipment declined in the semiconductor lithography equipment segment. The business as a whole posted lower revenue but higher profit, owing to the recognition of a gain from the transfer of the semiconductor wafer bonding technology R&D business and the effects of the structural reforms implemented in the semiconductor equipment business in the previous consolidated fiscal year.」
Although unit sales of ArF lithography equipment declined, the Precision Equipment business posted lower revenue but higher profit due to the effects of structural reforms and a gain on the transfer of a business, and the effects of measures to address declining profitability were described. - FY2025WorsenedAnnual report
「Meanwhile, the semiconductor lithography equipment segment posted lower revenue and profit due not only to a decline in unit sales of new equipment, but also to the recognition of one-time expenses, including impairment losses on fixed assets and valuation losses on inventories.」
In addition to a decline in unit sales of new equipment, the semiconductor lithography equipment business incurred impairment losses on fixed assets and valuation losses on inventories, resulting in lower revenue and profit for the business as a whole. - FY2025-H1WorsenedAnnual report
「Meanwhile, the semiconductor lithography equipment segment posted lower revenue and profit due to a decline in unit sales of new equipment.」
The semiconductor lithography equipment business posted lower revenue and profit as unit sales of new equipment declined. - FY2024-Q2WorsenedAnnual report
「In the semiconductor lithography equipment business, sales volumes of ArF lithography equipment increased, but service revenue declined. As a result, the business as a whole recorded lower revenue and recognized an operating loss.」
Although sales volumes of ArF lithography equipment increased, the semiconductor lithography equipment business as a whole recorded lower revenue and an operating loss due to lower service revenue. - FY2024-Q1WorsenedAnnual report
「In the semiconductor lithography equipment business, sales volumes of ArF lithography equipment increased, but service revenue declined. As a result, the business as a whole recorded lower revenue and recognized an operating loss.」
For the semiconductor lithography equipment business, which had previously pursued a return to profitability and improved earnings, higher sales volumes of ArF equipment were offset by lower service revenue, resulting in lower revenue and an operating loss for the business as a whole. - FY2023MitigatedAnnual report
「In the semiconductor lithography equipment business, revenue and profit increased due to higher sales volumes of new equipment.」
The semiconductor lithography equipment business, whose performance had deteriorated due to the completion of investment by major customers and equipment valuation losses, recorded higher revenue and profit as sales volumes of new equipment increased. - FY2023-Q3RestatedAnnual report
「In the semiconductor lithography equipment business, although some equipment sales were deferred, revenue and profit increased due to higher sales volumes of new equipment.」
Reported higher revenue and profit due to increased sales volumes of new equipment, reaffirming the improvement from the previous decline in profitability. - FY2023-Q2MitigatedAnnual report
「In the semiconductor lithography equipment business, revenue and profit increased due to higher sales volumes of new equipment.」
In the semiconductor lithography equipment business, revenue and profit increased due to higher sales volumes of new equipment, mitigating the risk of declining profitability in the current quarter. - FY2022MitigatedAnnual report
「In the semiconductor lithography equipment business, sales volumes of new equipment declined due to shipment delays caused by logistics disruptions associated with the spread of COVID-19 and travel restrictions, but revenue and profit increased compared with the previous fiscal year, when disposal and valuation losses were recognized, due to higher used-equipment sales and increased profit from the service business.」
Although the effects of lower new-equipment sales and logistics and travel restrictions remained, revenue and profit increased after losses were recognized in the previous fiscal year, supported by used-equipment sales and the service business. - FY2022-Q3MitigatedAnnual report
「In the semiconductor lithography equipment business, sales volumes of new equipment declined, but profit increased compared with the same period of the previous year, when disposal and valuation losses were recognized, due to higher used-equipment sales and increased profit from the service business.」
Although sales volumes of new equipment declined, profit increased year on year due to higher used-equipment sales and increased profit from the service business. - FY2022-Q2MitigatedAnnual report
「In the semiconductor lithography equipment business, sales volumes of new equipment declined, but profit increased compared with the same period of the previous year, when disposal and valuation losses were recognized, as sales volumes of used equipment increased.」
Although sales volumes of new equipment declined, profit increased due to higher used-equipment sales and the absence of the disposal and valuation losses recorded in the same period of the previous year. - FY2022-Q1MitigatedAnnual report
「In the semiconductor lithography equipment business, sales volumes declined due to the deferral of some equipment sales, but operating profit increased as the service business and other operations contributed to earnings.」
Although sales volumes of semiconductor lithography equipment declined due to deferred sales, the service business and other operations contributed to earnings, resulting in higher operating profit. - FY2021WorsenedAnnual report
「In the semiconductor lithography equipment business, sales volumes declined and revenue fell, partly due to the completion of investment by major customers. In addition, the Company recorded inventory disposal and valuation losses on some equipment and other assets, as well as impairment losses on fixed assets, resulting in lower profit. As a result, revenue from the business was ¥184.777 billion, down 24.6% year on year, while operating profit was ¥1.4 billion, down 97.1%.」
Even after the shift to consistent profitability, the profitability of the Precision Equipment Business declined significantly due to the completion of investment by major customers, inventory disposal and valuation losses, and impairment of fixed assets. - FY2021-Q3RestatedAnnual report
「In the semiconductor lithography equipment business, sales volumes declined and revenue fell, partly due to the completion of investment by major customers. In addition, the Company recorded disposal and valuation losses on some equipment and other assets, resulting in lower profit.」
In the semiconductor lithography equipment business, declines in sales due to the completion of investment by major customers and deterioration in earnings from equipment disposals and valuation losses have continued. - FY2021-Q2WorsenedAnnual report
「In the semiconductor lithography equipment business, sales volumes declined and revenue fell, partly due to the completion of investment by major customers. In addition, the Company recorded disposal and valuation losses on equipment and other assets converted for development and modification purposes, resulting in lower profit.」
In the semiconductor lithography equipment business, sales volumes declined as major customers completed their investment cycles, while equipment disposal and valuation losses also contributed to lower revenue and profit. - FY2021-Q1WorsenedAnnual report
「In the semiconductor lithography equipment business, sales volumes declined due to the spread of COVID-19 and the impact of selling some equipment ahead of schedule in the previous fiscal year. As a result, the business as a whole recorded a substantial decline in revenue and recognized an operating loss.」
In the semiconductor lithography equipment business, where efforts to establish consistent profitability had been continuing, sales volumes declined due to the spread of the infectious disease and the impact of sales brought forward to the previous fiscal year, resulting in an operating loss for the Precision Equipment Business as a whole. - FY2020-Q3MitigatedAnnual report
「In the semiconductor lithography equipment business, sales volumes of ArF immersion scanners and ArF scanners increased, resulting in higher revenue and profit, but the business as a whole recorded lower revenue and lower profit.」
In the semiconductor lithography equipment business, revenue and profit increased due to higher sales volumes of ArF immersion scanners and ArF scanners, continuing the improvement from its previous decline in profitability. - FY2020-Q2MitigatedAnnual report
「In the semiconductor lithography equipment business, revenue and profit increased as sales volumes of ArF immersion scanners rose.」
In the semiconductor lithography equipment business, revenue and profit increased due to higher sales volumes of ArF immersion scanners, and the improvement from its previous decline in profitability continued. - FY2020-Q1MitigatedAnnual report
「In the semiconductor lithography equipment business, revenue and profit increased as sales volumes of ArF immersion scanners rose.」
In the semiconductor lithography equipment business, revenue and profit increased due to higher sales volumes of ArF immersion scanners, continuing the improvement from its previous decline in profitability. - FY2019MitigatedAnnual report
「In the semiconductor lithography equipment business, although some equipment sales were deferred to the next period, sales of ArF immersion scanners and ArF scanners remained firm, and efficiency improvements from structural reforms progressed, resulting in a return to profitability for the second consecutive period.」
For the semiconductor equipment business, which had experienced declining profitability and impairment, achieved profitability for the second consecutive period through efficiency improvements from structural reforms and sales of ArF equipment. - FY2019-Q3MitigatedAnnual report
「In the semiconductor lithography equipment business, sales of ArF immersion scanners and ArF scanners remained firm, resulting in substantial increases in revenue and profit for the business as a whole.」
Sales of ArF immersion scanners and ArF scanners remained firm, and the Precision Equipment Business as a whole recorded substantial increases in revenue and profit, continuing the improvement from its previous decline in profitability. - FY2019-Q2RestatedAnnual report
「In the semiconductor lithography equipment business, profit declined due to lower sales volumes of ArF immersion scanners, but structural reforms aimed at establishing a consistently profitable business progressed as planned.」
Although profit declined due to lower sales volumes of ArF immersion scanners, structural reforms aimed at establishing a consistently profitable business progressed as planned. - FY2019-Q1MitigatedAnnual report
「In the semiconductor lithography equipment business, revenue declined due to lower sales volumes of ArF immersion scanners, but the business as a whole recorded higher revenue and higher profit.」
Although the semiconductor lithography equipment business experienced lower revenue due to declining sales volumes, the Precision Equipment Business as a whole recorded higher revenue and higher profit, continuing the improvement trend from its previous decline in profitability. - FY2018MitigatedAnnual report
「In the semiconductor lithography equipment business, the Company pursued efficiency improvements through structural reforms and a shift to an operating policy focused on profitability, achieving a return to profitability as planned.」
For the semiconductor equipment business, which had experienced declining profitability and impairment, achieved a return to profitability as planned through efficiency improvements and a shift to profitability-focused operations. - FY2018-Q3MitigatedAnnual report
「In the semiconductor lithography equipment business, earnings improved significantly compared with the same period of the previous year, when costs related to structural reforms were recognized.」
For the semiconductor equipment business, which had previously experienced declining profitability and impairment, disclosed a significant earnings improvement compared with the same period of the previous year, when costs related to structural reforms were recognized. - FY2018-Q1MitigatedAnnual report
「The semiconductor lithography equipment business increased revenue year on year and improved earnings as sales volumes of ArF immersion scanners and ArF scanners increased.」
For the semiconductor equipment business, which had previously experienced declining profitability and impairment, disclosed improved earnings in the first quarter due to higher sales volumes of ArF equipment. - FY2017MaterialisedAnnual report
「Based on estimates of future cash flows under current conditions in the semiconductor equipment business, the Company reduced the carrying amounts of business assets, including machinery, equipment and vehicles, for which recovery of the investment was not expected, to their recoverable amounts and recognized an impairment loss.」
The semiconductor equipment business recognized an impairment loss again in the current fiscal year, with business assets for which recovery of the investment was not expected actually arising. - FY2017-Q3MaterialisedAnnual report
「The Group has shifted its strategy from sales growth to strengthening earnings power and is implementing structural reforms to improve its business structure and enhance corporate value. Accordingly, during the cumulative third quarter of the fiscal year, it recognized losses related to inventory write-downs and inventory disposals carried out in the semiconductor equipment business as costs related to structural reforms.」
Losses from inventory write-downs and disposals actually arose in the semiconductor equipment business and were recognized as costs related to structural reforms. - FY2017-Q2WorsenedAnnual report
「In the semiconductor equipment business, the Company did not achieve the targeted return to profitability,」
Explicitly stated that, in addition to the previous declines in profit and impairment losses, the semiconductor equipment business failed to achieve its targeted return to profitability. - FY2016MaterialisedAnnual report
「Because profitability in the semiconductor equipment business is expected to decline, the Company recognized an impairment loss of ¥7.047 billion as an extraordinary loss on fixed assets, including production equipment, held by the business unit.」
Operating losses and impairment losses have arisen against a backdrop of failure to acquire new customers for advanced equipment and changes in customers' capital investment plans.