Weakness in the automotive and solar-related markets due to semiconductor shortages
First written in FY2022-Q2. 4 of 11 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「In the devices field, component inventories that had accumulated at major customers as a backlash from the electronic component supply shortage were moving toward resolution, while the market slowdown in the second half resulted in performance remaining at roughly the previous period's level.」
Component inventories at major customers that had accumulated after the electronic component supply shortage moved toward resolution. Meanwhile, the market slowdown in the second half became a new factor behind lower revenue. - FY2025MitigatedAnnual report
「In the devices field, orders increased and revenue and profit rose as shipments progressed from component inventories that had accumulated at major customers as a backlash from the shortage of electronic components.」
Shipments of customer inventories accumulated after the electronic component supply shortage progressed, leading to an increase in orders and higher revenue and profit. The inventory impact from the backlash following the supply shortage is moving toward easing. - FY2025-H1MitigatedAnnual report
「In the devices field, orders increased and revenue rose as shipments progressed from product inventories that had accumulated across the market as consumer trends changed after the COVID-19 pandemic, as well as from component inventories that had accumulated at major customers as a backlash from the shortage of electronic components.」
Shipments of product and component inventories accumulated after the semiconductor and electronic component supply shortages progressed, leading to an increase in orders and higher revenue. The inventory impact from the backlash following the supply shortages is moving toward partial easing. - FY2024-Q3The impact of accumulated inventories continuesAnnual report
「In the third quarter of fiscal 2023, revenue and profit declined, owing to the major impact of accumulated product and component inventories across the market, in addition to a global slowdown in the electronics-related market as consumer trends changed after the COVID-19 pandemic.」
The disclosure states that, even after the semiconductor supply problem shifted toward resolution, the slowdown in the electronics market resulting from changes in post-COVID consumer trends and the impact of accumulated product and component inventories continued. - FY2024-Q1Supply shortages are easing, while the impact has shifted to rising component inventoriesAnnual report
「Revenue and profit declined due to the global slowdown in the electronic equipment-related market from the second half of 2022, compounded by the impact of the semiconductor supply problem that had continued for approximately 2 years being rapidly resolved, which led to an accumulation of component inventories across the market.」
The semiconductor supply problem, which continued for approximately 2 years, is said to have been resolved rapidly. In the process, however, component inventories accumulated, with the impact emerging as a slowdown in the electronics-related market and lower revenue and profit. - FY2023MitigatedAnnual report
「In the solar-related market, equipment supply shortages caused by the semiconductor shortage are expected to ease, while interest in renewable energy products is increasing amid a global surge in energy prices, and the market is expected to expand.」
The outlook has changed to one in which the supply shortage of solar-related equipment caused by the semiconductor shortage is expected to ease going forward. However, this is described as a future projection. - FY2023-Q3RestatedAnnual report
「Although the solar energy-related field was affected by delays in the supply of solar panels and related equipment, revenue increased year on year. The plastics materials-related field remained sluggish as the recovery in the automotive market was delayed due to the semiconductor shortage, resulting in lower revenue.」
Delays in the supply of solar panels and related equipment, together with the delayed recovery of the automotive market resulting from the semiconductor shortage, continued to affect results. Meanwhile, revenue in the solar energy-related field exceeded the previous year's level. - FY2023-Q2RestatedAnnual report
「The solar energy-related field remained sluggish due to delays in the supply of solar panels and related equipment. The plastics-related field remained sluggish under the impact of the automotive market, which was affected by the semiconductor shortage, resulting in lower revenue and lower profit.」
Delays in the supply of solar panels and related equipment, together with the downturn in the automotive market resulting from the semiconductor shortage, continued to affect results. - FY2023-Q1WorsenedAnnual report
「The solar energy-related field remained sluggish due to delays in the supply of solar panels and related equipment. / The plastics-related field remained sluggish under the impact of the automotive market, which was affected by the semiconductor shortage, resulting in lower revenue and lower profit.」
In addition to delays in the supply of solar panels and related equipment, the downturn in the automotive market resulting from the semiconductor shortage emerged in the first quarter as weakness in the solar energy-related and plastics-related fields. - FY2022MaterialisedAnnual report
「The solar energy-related field remained sluggish due to higher prices and supply shortages for industrial solar panels, as well as the semiconductor supply shortage. / The plastics-related market showed signs of a recovery trend.」
The effects of the semiconductor supply shortage and other factors appeared throughout the year as weakness in the solar energy-related field. Meanwhile, the disclosure states that the plastics-related market showed signs of a recovery trend. - FY2022-Q2First statedAnnual report
「The solar energy-related field remained sluggish due to higher prices and supply shortages for industrial solar panels, as well as the semiconductor supply shortage. / The plastics-related field remained sluggish due to the downturn in the automotive market caused by the semiconductor supply shortage.」
The semiconductor supply shortage has emerged independently for the first time as an actual factor behind market weakness in both the solar-related and plastics-related fields. The disclosure cites solar panel supply shortages and price increases, as well as spillover effects from the downturn in the automotive market.