Weak Electronic and Optical Market Conditions Due to Excess Component Inventories
First written in FY2023-Q3. 5 of 12 entries say "Restated". Latest entry: FY2027-H1.
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- FY2027-H1MitigatedAnnual report
「Increased sales of mobile-related products, including smartphone applications, semiconductor-related products, and industrial materials resulted in net sales of ¥5,234 million, up 13.4% year on year, and gross profit of ¥1,504 million, up 45.3%.」
Although weak market conditions and inventory adjustments for electronic component applications had been reported through the previous fiscal year, mobile, semiconductor, and industrial materials-related sales increased, resulting in higher revenue and profit in IT and industrial materials. - FY2026-H1RestatedAnnual report
「Smartphone applications, electronic component packaging materials, semiconductor-related products, e-commerce-related materials and heavy-duty bags for manufacturers remained firm. As a result, net sales were ¥4,615 million, up 4.1% year on year, and gross profit was ¥1,035 million, up 7.8%.」
Although order stagnation caused by weak market conditions and inventory adjustments in electronic component applications had been reported through the previous fiscal year, electronic component packaging materials and other products performed steadily during the six-month period, resulting in higher revenue and profit in the IT and industrial materials business. - FY2025MitigatedAnnual report
「Smartphone applications, electronic component packaging materials, semiconductor-related products and industrial materials remained strong, automotive interior materials continued to recover, and prototyping for next-generation batteries increased. As a result, net sales were ¥8,991 million, up 33.1% year on year, and gross profit was ¥1,773 million, up 18.8%.」
Although orders had been sluggish through the previous fiscal year because of weak market conditions and inventory adjustments in electronic component applications, electronic component packaging materials and other products performed well, resulting in higher revenue and profit in the IT and industrial materials business. - FY2025-Q1MitigatedAnnual report
「As automotive interior materials continued to recover and orders increased for smartphone applications, some electronic component packaging materials and industrial materials, net sales were ¥1,938 million, up 18.7% year on year, and gross profit was ¥449 million, up 26.8%.」
Increased orders were reported for some electronic component packaging materials, indicating that the order stagnation caused by weak market conditions and inventory adjustments in electronic and optical applications through the previous fiscal year has eased in some areas. - FY2024WorsenedAnnual report
「Due to weak market conditions, particularly in electronic component applications, and customer inventory adjustments, production volumes declined significantly, resulting in gross profit of ¥1,492 million, down 11.6%.」
Weak market conditions for electronic and optical applications, against a backdrop of excess component inventories and other factors, materialised as customer inventory adjustments, a significant decline in production volume and an 11.6% decrease in gross profit. - FY2024-Q3RestatedAnnual report
「Orders declined significantly because of weak market conditions, mainly for electronic component applications, and the impact of customers' inventory adjustments.」
Weak market conditions for electronic materials and electronic components and customer inventory adjustments continue to weigh on orders. - FY2024-Q2RestatedAnnual report
「Orders remained substantially sluggish due to weak market conditions, primarily for electronic component applications, and customer inventory adjustments.」
Sluggish orders due to weak market conditions for electronic materials applications and customers' inventory adjustments have continued. - FY2024-Q1RestatedAnnual report
「Orders were significantly sluggish because of weak market conditions, particularly for electronic materials applications, and the impact of customers' inventory adjustments.」
Sluggish orders due to weak market conditions related to electronic and optical applications and customers' inventory adjustments have continued. - FY2023RestatedAnnual report
「Related products declined because of weak market conditions for display, electronic materials and semiconductor applications, but」
Although weak market conditions for electronic and optical applications and a decline in related products continued to be reported, some electronic components and smartphone-related products increased on new orders. - FY2023-Q3First statedAnnual report
「Some related products declined because of weak market conditions for electronic and optical applications due to excess component inventories, among other factors, but」
Weak market conditions for electronic and optical applications, against a backdrop of excess component inventories, were specifically described for the first time as a factor behind the decline in related products.