Strengthening the semiconductor business’s sales structure and value-added offerings through the establishment of a base in China
First written in FY2022-Q2. 6 of 12 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MaterialisedAnnual report
「Transactions in Chinese-made wafers remained firm, but net sales fell 42.8% year on year to ¥6,085 million and operating income fell 73.6% to ¥120 million, owing to the continuing U.S. semiconductor export restrictions on China and the impact of changes in distribution channels for certain products.」
Although continuing demand remains for the semiconductor business including the China base, full-year revenue and profit declined significantly due to export restrictions to China and changes in distribution channels. - FY2025Semiconductor business including the China base recorded higher revenue and profit alongside related impairment lossesAnnual report
「Although some recovery was evident in the semiconductor market, overall market conditions remained in an adjustment phase. Stable demand for components used in manufacturing equipment and other products and increased transactions in Chinese-made wafers drove net sales up 18.9% from the previous fiscal year to ¥10,640 million, and operating income up 11.5% to ¥457 million.」
The semiconductor business recorded higher revenue and profit for the full year by capturing demand for Chinese-made wafers and other products, while a full impairment loss was also recorded on goodwill related to GSI Creos Technology (China) Co., Ltd. - FY2025-H1Semiconductor business recorded higher revenue and profit during the market adjustmentAnnual report
「Although some recovery was evident in the semiconductor market, overall market conditions remained in an adjustment phase. Supported by continuing demand for components used in manufacturing equipment and other products, net sales increased 5.1% year on year to ¥5,987 million, and operating income increased 6.3% to ¥328 million.」
The semiconductor business recorded higher revenue and profit after the establishment of the China base by capturing continuing demand despite the ongoing adjustment in the overall market. - FY2024-Q3WorsenedAnnual report
「In addition to the continued adjustment in semiconductor market conditions, transactions at the Chinese sales subsidiary declined due to the impact of U.S. semiconductor export restrictions on China and other factors. As a result, net sales declined 13.4% year on year to ¥7,830 million, and operating income declined 53.1% to ¥343 million.」
Although demand for semiconductor-related materials remained steady after the establishment of the China base, transactions at the Chinese sales subsidiary declined due to the semiconductor market adjustment and export restrictions to China, resulting in lower revenue and profit in the Semiconductor business. - FY2024-Q2Decline in transactions at the Chinese sales subsidiary due to the impact of export restrictions to ChinaAnnual report
「Although semiconductor market conditions remained in an adjustment phase, continuing demand for raw materials for components used in manufacturing equipment and Chinese-made wafers drove net sales up 5.8% year on year to ¥5,696 million. However, operating income declined 36.8% to ¥309 million, mainly because transactions at the Chinese sales subsidiary declined due to the impact of U.S. semiconductor export restrictions on China.」
Although revenue from semiconductor-related materials increased after the establishment of the China base, transactions at the Chinese sales subsidiary declined due to U.S. export restrictions on semiconductors to China, and operating profit decreased 36.8%. - FY2024-Q1AdvancedAnnual report
「Although semiconductor market conditions remained in an adjustment phase, demand for raw materials for components used in semiconductor manufacturing equipment and Chinese-made wafers remained firm. As a result, net sales increased 28.2% year on year to ¥3,094 million, and operating income increased 0.7% to ¥226 million.」
Following the consolidation of the China base, semiconductor-related materials captured demand for raw materials used in materials for manufacturing equipment and Chinese-made wafers even during the semiconductor market adjustment, resulting in a 28.2% increase in revenue and a 0.7% increase in operating profit. - FY2023AdvancedAnnual report
「Transactions involving semiconductor-related materials remained strong after capturing demand for raw materials used in materials for manufacturing equipment and Chinese-made wafers. GSI Creos Technology (China) Co., Ltd., which was consolidated as a subsidiary in the previous fiscal year, also contributed. As a result, revenue increased 30.1% year on year to ¥10,818 million, and operating profit increased 54.2% to ¥807 million.」
Following the consolidation of the dedicated China base, semiconductor-related materials recorded a 30.1% increase in revenue and a 54.2% increase in operating profit, confirming the base’s contribution over the full fiscal year. - FY2023-Q3AdvancedAnnual report
「Transactions involving semiconductor-related materials grew by capturing demand for raw materials used in materials for manufacturing equipment and Chinese-made wafers. GSI Creos Technology (China) Co., Ltd., which was consolidated as a subsidiary in the previous fiscal year, also contributed. As a result, revenue increased 48.6% year on year to ¥9,040 million, and operating profit increased 78.9% to ¥731 million.」
Following the consolidation of the dedicated China base, semiconductor-related materials captured demand for raw materials used in materials for manufacturing equipment and Chinese-made wafers, resulting in a 48.6% increase in revenue and a 78.9% increase in operating profit. - FY2023-Q2AdvancedAnnual report
「Transactions involving semiconductor-related materials remained strong against a backdrop of solid global semiconductor demand. GSI Creos Technology (China) Co., Ltd., which was consolidated as a subsidiary in the previous fiscal year, also contributed. As a result, revenue increased 37.3% year on year to ¥5,384 million, and operating profit increased 77.6% to ¥489 million.」
Following the consolidation of the dedicated China base, semiconductor-related materials recorded a 37.3% increase in revenue and a 77.6% increase in operating profit, confirming concrete operating progress including the contribution from the new base. - FY2023-Q1AdvancedAnnual report
「GSI Creos Technology (China) Co., Ltd. was consolidated as a subsidiary in the second-quarter consolidated accounting period of the previous fiscal year. In addition, transactions involving semiconductor-related materials remained strong against a backdrop of robust global semiconductor demand. As a result, revenue increased 16.3% year on year to ¥2,414 million, and operating profit increased 50.4% to ¥224 million.」
Semiconductor-related materials recorded higher revenue and profit, driven by the consolidation of the dedicated China base and robust semiconductor demand. - FY2022-Q3AdvancedAnnual report
「The provisional accounting treatment for the business combination with GSI Creos Technology (China) Co., Ltd., completed on 27 September 2021, was finalized during the third-quarter consolidated accounting period, following provisional treatment during the second-quarter consolidated accounting period. No adjustment was made to the amount of goodwill. In the Industrial Products segment, goodwill arose from the consolidation of GSI Creos Technology (China) Co., Ltd. as a subsidiary beginning in the second-quarter consolidated accounting period. The increase in goodwill resulting from this transaction was ¥435 million for the nine months ended 31 December 2021.」
The provisional accounting treatment for the business combination related to the consolidation of the dedicated China base was finalized in the third quarter, confirming that no adjustment was made to the recorded goodwill of ¥435 million. - FY2022-Q2First statedAnnual report
「As we pursue business development after designating “Environment,” “Lifestyle and Health,” and “Energy” as growth business areas, we will strengthen the semiconductor business, which continues to grow and expand globally, as one of the key businesses supporting the next generation. In response to the increasing importance of the Chinese market, we decided to establish a dedicated business base in China and strengthen the semiconductor business’s sales structure and enhance its value added.」
Acquired 100% of 上海環羽謄普貿易有限公司 on 27 September 2021 and changed its corporate name to GSI Creos Technology (China) Co. Ltd. The provisional acquisition cost was ¥444 million, and goodwill was ¥435 million, to be amortized evenly over 6 years. This was the first explicit statement of the establishment of a dedicated base in China to strengthen the semiconductor business’s sales structure and value added.