Cyclicality and Market Deterioration in the Semiconductor and FPD Markets
First written in FY2017. 15 of 20 entries say "Restated". Latest entry: FY2026.
SCREEN Holdings 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: 44 of 69 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The semiconductor and display markets have been exposed to cycles of boom and bust, growing substantially as a result of rapid technological innovation while also experiencing sluggish market conditions when supply-demand balances deteriorate.」
The company continues to recognize the risks of business cycles and deteriorating market conditions in the semiconductor and display markets and states its policy of generating profits even during downturns through ROIC-based management. - FY2026-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and FPD markets. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes from the previous fiscal year concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and display markets. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and display markets. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and display markets. - FY2024-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended March 31. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes from the previous fiscal year concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and display markets. - FY2023WorsenedAnnual report
「The semiconductor and display markets have been exposed to cycles of boom and bust, growing substantially as a result of rapid technological innovation while also experiencing sluggish market conditions when supply-demand balances deteriorate.」
The filing cites expectations that the semiconductor front-end manufacturing equipment market would decline by approximately 20% year on year in 2023, a slowdown in memory investment, and revisions to display investment plans, indicating that the risk of deteriorating market conditions has become more concrete. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and FPD markets. - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and FPD markets. - FY2023-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended March 31. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes from the previous fiscal year concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and FPD markets. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes from the previous fiscal year concerning business and other risks, including business cycles and deteriorating market conditions in the semiconductor and FPD markets. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or material changes from the previous fiscal year concerning business and other risks. - FY2022-Q1RestatedAnnual report
「Investment in small- and medium-sized OLED panels continued in the FPD industry.」
Investment in small- and medium-sized OLED panels continued in the FPD market. The company states that there have been no material changes in business and other risks. - FY2021-Q3Shift in the focus of FPD investmentAnnual report
「In the FPD industry, investment in small- and medium-sized OLED panels became the focus, replacing investment in large LCD panels.」
In the FPD market, the focus shifted from investment in large LCD panels to investment in small- and medium-sized OLED panels. The company states that there have been no material changes in business and other risks. - FY2021-Q2RestatedAnnual report
「In the FPD industry, investment in large LCD panels remained sluggish amid weak panel demand.」
While semiconductor capital investment increased, weak panel demand and sluggish investment in large LCD panels continued in FPDs, leaving open the possibility of an impact from market cycles. - FY2021-Q1RestatedAnnual report
「In the FPD industry, investment in large LCD panels and investment in small- and medium-sized displays for OLEDs remained sluggish amid weak panel demand.」
Weak panel demand and sluggish capital investment in the FPD market continued into the first quarter. In semiconductors, advanced investment by foundries and logic manufacturers continued, resulting in differing market conditions by segment. - FY2020WorsenedAnnual report
「As a result, overall capital investment declined from the previous fiscal year. In the FPD industry, investment in large LCD panels and investment in small- and medium-sized displays for smartphones showed signs of restraint.」
The risks of market cycles and deteriorating market conditions were reflected in full-year results as a year-on-year decline in semiconductor capital investment and a restrained trend in FPD investment. - FY2020-Q2RestatedAnnual report
「The business environment surrounding the Group saw firm advanced investment by foundries and logic manufacturers in the semiconductor industry. However, restraint in capital investment by memory manufacturers continued against a backdrop of weak demand for data centers and smartphones. As a result, overall capital investment declined significantly year on year. In the FPD industry, investment in large LCD panels and small- and medium-sized displays for smartphones, which had previously been firm, showed signs of restraint.」
Capital investment restraint in the semiconductor and FPD markets continued into the second quarter, and the previously reported deterioration in market conditions persisted. - FY2020-Q1MaterialisedAnnual report
「Although advanced investment by logic manufacturers and foundries remained firm, overall capital investment declined substantially from the same period of the previous year as memory manufacturers continued to restrain capital spending against a backdrop of sluggish demand from data centers and smartphones. In the FPD industry, investment in large LCD panels, which had been firm, and investment in small- and medium-sized displays for smartphones showed signs of restraint.」
The risk of deteriorating market conditions and restrained investment in the semiconductor and FPD markets materialized in the business environment as lower investment related to memory and FPDs. - FY2017First statedAnnual report
「The semiconductor and FPD markets have been exposed to cycles of boom and bust, growing substantially as a result of rapid technological innovation while also experiencing sluggish market conditions when supply-demand balances deteriorate.」
The company is working to improve its break-even sales ratio so that it can generate profits even during market downturns, but states that market conditions deteriorating more than expected could affect its financial position and operating results.