Strong Outlook for the Semiconductor-Related Industry
First written in FY2017-Q3. 10 of 33 entries say "Restated". Latest entry: 2026-10-30.
Sun-Wa Technos moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 7 of 26 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026Demand Recovery Driven by AI and Semiconductor-Related InvestmentAnnual report
「Sales of industrial PCs for the semiconductor manufacturing equipment industry increased against a backdrop of increased capital investment in the semiconductor industry. Sales of motors for the mounter industry also increased, supported by strong conditions in the AI server market.」
This notes increased sales of industrial PCs and motors against a backdrop of increased capital investment in the semiconductor industry and strong conditions in the AI server market. - 2026-05-08AdvancedEarnings
「産業用ＰＣ部門では、半導体業界における設備投資の活発化を背景に、半導体製造装置業界向け産業用ＰＣの販売が増加しました。」
半導体関連業界について、設備投資減少・需要低迷を中心とした記載から、設備投資の活発化と販売増加を記載する状況へ進んでいる。 - FY2026-H1Demand recovery and labor-saving investment coexist with an uncertain outlookAnnual report
「In the industrial electronics and mechatronics sectors related to our Group, declining capital investment and order adjustments continued amid weak market conditions, but demand began to recover, although conditions varied by industry. In addition, demand associated with investment to address labor shortages and for labor saving, and with the transition to next-generation technologies, is expected to continue expanding.」
For the related industries, including the semiconductor-related industry, this notes expectations for a recovery in some areas of demand and for investment related to labor-saving measures and next-generation technologies, while maintaining the view of weak market conditions and procurement adjustments. - FY2025Partial demand recovery and AI-related demand coexist with factory-automation adjustmentsAnnual report
「Declining capital investment and order adjustments continued amid weak market conditions, but demand began to recover in some industries. In addition, new data centers were being built in Japan and overseas as AI became more widespread, and related investment in power infrastructure benefited some industries. However, production adjustments continued in the factory automation industry, our Group’s main market.」
Conditions have been updated to reflect that, rather than a full recovery in the semiconductor and related industries, some demand has recovered and investment related to AI and data centers has emerged, while production adjustments have continued in the core factory automation industry. - FY2025-H1Shift toward partial demand recoveryAnnual report
「Although declining capital investment and procurement adjustments due to weak market conditions continued, demand began to recover in some industries. In addition, capital investment aimed at addressing labor shortages and reducing labor requirements is expected to continue expanding.」
For conditions in industries including the semiconductor-related industry, this notes, in addition to the previously reported weak demand and declining capital investment, a recovery in demand in some industries and expectations for increased investment in labor-saving measures. - FY2024WorsenedAnnual report
「While capital investment related to renewable energy and labor-saving measures remained solid, capital investment related to semiconductors declined. In addition, as the recent supply-demand crunch was resolved, customers continued to adjust procurement due to excess inventories, and demand stagnated.」
Conditions have deteriorated from the previously reported high demand and expanding capital investment in the semiconductor-related industry to declining semiconductor-related capital investment and stagnating demand due to inventory adjustments. - FY2024-Q2WorsenedAnnual report
「In the industrial electronics and mechatronics industries related to our Group, capital investment for production automation remained firm as demand increased in automotive-related applications amid the shift to EVs and in response to rising labor costs and labor shortages. However, inventory adjustments were made as a reaction to advance ordering amid tight supply and demand, and demand across the manufacturing sector as a whole remained sluggish.」
In addition to the previous view of high demand and expanding capital investment, this explicitly notes inventory adjustments following front-loaded procurement and weak demand across the manufacturing industry. - FY2024-Q1WorsenedAnnual report
「Automotive-related and factory-automation-related businesses performed well against a backdrop of easing shortages of materials and components and increased corporate investment in labor-saving measures. However, production machinery, particularly machinery for semiconductor applications, performed poorly due to sluggish semiconductor demand.」
Conditions in the semiconductor-related industry have deteriorated from the previously reported high demand and expanding capital investment to an explicit slowdown in semiconductor demand and weak performance by production machinery for semiconductor applications. - FY2023-Q3High demand coexists with inventory adjustmentsAnnual report
「Although some industries showed signs of adjustment in procurement due to excess inventories, demand remained at a high level.」
This describes business conditions in which demand remained high in markets including the semiconductor-related, automotive-related and solar-related markets, while procurement adjustments due to excess inventories were also observed. - FY2023-Q2RestatedAnnual report
「Against a backdrop of the spread of 5G, the shift toward electric vehicles (EVs) and growing attention to renewable energy, capital investment was active in markets including the semiconductor-related, automotive-related and solar-related markets.」
This reconfirms increased capital investment in growth markets, including the semiconductor-related market, driven by 5G, EVs and renewable energy. - FY2022-Q3RestatedAnnual report
「In the industrial electronics and mechatronics industries related to our Group, capital investment was active in markets including semiconductors, automobiles and electronic components. In addition, advance ordering was undertaken in consideration of production impacts from shortages of semiconductors and other materials, and demand generally remained at a high level.」
This reconfirms that capital investment and demand in markets including the semiconductor-related market remained at high levels, while shortages of materials and components persisted. - FY2022-Q2High demand coexists with supply concernsAnnual report
「In the industrial electronics and mechatronics industries related to our Group, capital investment was active in markets including semiconductors, automobiles and electronic components. In addition, advance ordering was undertaken in consideration of production impacts from shortages of semiconductors and other materials, and demand generally remained at a high level.」
This notes that capital investment intensified and demand remained at a high level in the semiconductor-related, automotive-related and electronic component markets. At the same time, it indicates concerns about production impacts from shortages of materials and components. - FY2022-Q1Recovery in demand coexists with supply concernsAnnual report
「Recovery continued in the industrial electronics and mechatronics industries relevant to our Group, centered on China, where investment in electric vehicles (EVs), semiconductors and base stations for the high-speed communications standard 5G has advanced and demand has shown a steady recovery. Capital investment in factory automation using robots also recovered in the semiconductor-related and industrial machinery industries. In automotive applications, recovery also continued, although production adjustments due to the semiconductor shortage remained a concern.」
While demand recovery continued against a backdrop of investment in EVs, semiconductors and 5G base stations, mainly in China, and investment in factory automation using robots, new concerns were raised about production adjustments due to semiconductor shortages in automotive applications. - FY2021-Q3Partial recovery in some industries and solid Chinese demandAnnual report
「The industrial electronics and mechatronics industries relevant to our Group have also remained in severe conditions due to the significant impact of COVID-19, including postponed capital investment and production adjustments by manufacturers. However, some areas of the semiconductor-related and industrial machinery industries showed signs of recovery. In China, which emerged from the spread of the infection at an early stage, economic activity normalized, and investment advanced in electric vehicles (EVs), semiconductors and base stations for the high-speed communications standard 5G. Domestic demand in China consequently remained solid.」
While maintaining the previous recognition of severe business conditions, this notes a partial recovery in the semiconductor and industrial machinery industries and solid demand driven by China's investment in EVs, semiconductors and 5G base stations. - FY2021-Q2RestatedAnnual report
「In the industrial electronics and mechatronics industries relevant to our Group, conditions have remained severe due to the impact of COVID-19, including lower factory operating rates and the postponement of capital investment by manufacturers. However, a recovery in orders in the semiconductor-related industry, capital investment in factory automation using robots and increased orders for COVID-19-related products are expected.」
While reconfirming the continued severe conditions and uncertain outlook in the related industries, this notes expectations for a recovery in orders in the semiconductor-related industry, investment in factory automation using robots and COVID-19-related products. - FY2021-Q1Expectations for recovery factors coexist with uncertaintyAnnual report
「In the industrial electronics and mechatronics industries relevant to our Group, economic activity has stagnated as the global spread of the novel coronavirus has led to strict travel restrictions, requests to refrain from going out and factory shutdowns, leaving the outlook uncertain. However, order recovery in the semiconductor-related industry accompanying the commercialization of IoT (Internet of Things) and the next-generation communications standard 5G, as well as capital investment in factory automation using robots, is expected.」
While indicating stagnating economic activity and an uncertain outlook due to the novel coronavirus, this notes expectations for order recovery in the semiconductor-related industry accompanying the commercialization of IoT and 5G, as well as capital investment in factory automation using robots. - FY2020WorsenedAnnual report
「In the fiscal year ended March 2020, uncertainty surrounding political and policy factors persisted due in part to the prolonged US-China trade friction. In addition, the spread of the novel coronavirus from the end of the fiscal year caused manufacturers to remain cautious about capital investment.」
This notes that, in addition to uncertainty surrounding political and policy factors, the spread of the novel coronavirus contributed to continued caution toward capital investment in the related industries, including the semiconductor-related and industrial machinery-related sectors. - FY2020-Q3WorsenedAnnual report
「In the industrial electronics and mechatronics industries in which our Group operates, uncertainty surrounding political and policy factors increased due to the prolonged U.S.-China trade friction, the United Kingdom’s withdrawal from the EU, and other factors, and manufacturers continued to take a cautious stance toward capital investment.」
For the related industries, including the semiconductor-related and industrial machinery-related sectors that had previously been considered strong, weak business conditions have continued as political and policy factors have persisted and companies have remained cautious about capital investment. - FY2019WorsenedAnnual report
「In the fiscal year ended March 2019, in addition to the end of the smartphone-related demand cycle, the impact of U.S.-China trade friction and other factors led manufacturers to adopt a cautious stance toward capital investment.」
For the semiconductor-related and industrial machinery-related sectors, which had been considered strong through the previous fiscal year, this notes a deterioration due to smartphone demand running its course and the effects of the US-China trade friction and other factors. - FY2019-Q3WorsenedAnnual report
「In the industrial electronics and mechatronics industries in which our Group operates, demand for automobiles remained firm. However, in the semiconductor-related and industrial machinery industries, economic growth slowed in several Asian countries, including China, due to U.S.-China trade friction, resulting in weaker market conditions than initially anticipated.」
While describing demand for automobiles as solid, this notes that conditions in the semiconductor-related and industrial machinery industries were weaker than initially expected against a backdrop of slower economic growth in China and elsewhere due to the US-China trade friction. - FY2019-Q2WorsenedAnnual report
「In the industrial electronics and mechatronics industries relevant to our Group, demand for automobiles has remained solid. However, in the semiconductor-related and industrial machinery industries, smartphone-related demand had run its course, and some areas performed below initial expectations for market growth.」
While describing demand for automobiles as solid, this notes that some areas of the semiconductor-related and industrial machinery industries performed below initial expectations as smartphone-related demand ran its course. - FY2019-Q1RestatedAnnual report
「In the industrial electronics and mechatronics industries relevant to our Group, demand for automobiles has remained solid, while demand for semiconductor manufacturing equipment in the semiconductor-related and industrial machinery industries has also remained firm.」
This reconfirms the view that demand for automobiles and demand for semiconductor manufacturing equipment have remained solid. - FY2018RestatedAnnual report
「Although demand for smartphones has slowed, demand from the automotive-related industry has remained solid, and the semiconductor-related and industrial machinery industries have also continued to perform well.」
While noting the slowdown in smartphone demand, this reconfirms the continued strong performance of the automotive-related, semiconductor-related and industrial machinery industries. - FY2018-Q3RestatedAnnual report
「In the industrial electronics and mechatronics industries relevant to our Group, demand for manufacturing equipment for smartphones and automobiles has remained solid. The semiconductor-related and industrial machinery industries have also continued to benefit from solid demand for automobiles and semiconductor manufacturing equipment.」
This reconfirms the continued strength of demand for manufacturing equipment for smartphones and automobiles, as well as demand for automobiles and semiconductor manufacturing equipment. - FY2018-Q2RestatedAnnual report
「In the industrial electronics and mechatronics industries relevant to our Group, demand for smartphones and automobiles has remained solid. The semiconductor-related and industrial machinery industries have also continued to benefit from strong markets for robots, semiconductor manufacturing equipment and other products.」
This reconfirms the resilience of demand for smartphones and automobiles, as well as the continued strength of markets for robots, semiconductor manufacturing equipment and other products. - FY2018-Q1RestatedAnnual report
「In the industrial electronics and mechatronics industries relevant to our Group, demand for smartphones and automobiles has remained solid, while the semiconductor-related and industrial machinery industries have continued to perform well on the back of China's strong economy.」
This reconfirms the resilience of demand for smartphones and automobiles and the continued strong performance of the semiconductor-related and industrial machinery industries, supported by China's strong economy. - FY2017RestatedAnnual report
「In addition, demand for smartphones in the Chinese market has remained solid, and positive signs have emerged in the semiconductor-related and industrial machinery industries.」
This reconfirms the resilience of Chinese smartphone demand and the positive signs in the semiconductor-related and industrial machinery industries. - FY2017-Q3First statedAnnual report
「However, the outlook for the semiconductor-related industry is strong, and positive signs have emerged.」
This is the first explicit indication of a strong outlook and signs of improving business conditions in the semiconductor-related industry.