Significant Fluctuations in the Semiconductor and Product Markets
First written in FY2016. 12 of 27 entries say "Worsened", first in FY2020-Q1. Latest entry: 2026-05-15.
Tsuzuki Denki moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 9 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedFinancial results presentation
「Memory supply constraints are expected, but strong capital investment appetite will continue; revenue is expected to increase for the second consecutive fiscal year through growth investment」
The risk of volatility in the semiconductor and product markets was reflected in the outlook for the fiscal year ending March 2027, which explicitly noted expected constraints on memory supplies. - FY2025-H1DroppedAnnual report
「Following the sale of the electronic devices business in the previous fiscal year, the group has transitioned to a single segment, the information network solutions services business.」
Following the sale of the electronic devices business, risks related to fluctuations in the semiconductor and product markets were not included in the detailed business and other risks for the current interim period. - FY2024-Q3WorsenedAnnual report
「In the device business, production by automotive equipment customers stabilized as semiconductor supplies recovered. However, production by factory automation and industrial equipment customers declined due to slower personal consumption resulting from inflation and the slowdown in the Chinese market, leading to lower sales of power semiconductors and electronic components.」
While semiconductor supplies recovered, production in the factory automation and industrial equipment sectors declined amid inflation and the slowdown in the Chinese market. Electronic device orders were ¥19,474 million and operating profit was ¥487 million, with operating profit down 34.2% year on year. - FY2024-Q2Deterioration by market amid improving supply and demandAnnual report
「Following the recovery in semiconductor supplies, inventory adjustments caused prices to decline in the memory market, while overall demand decreased in the consumer equipment market. Meanwhile, higher demand for LCD panels for in-vehicle information systems accompanying increased automobile production, as well as firm demand for embedded equipment for industrial machinery, contributed to sales.」
After semiconductor supplies recovered, market conditions diverged clearly, with inventory adjustments and price declines in the memory market and lower consumer equipment demand, while in-vehicle LCD panels and embedded equipment for industrial machinery remained firm. - FY2024-Q1Easing semiconductor shortage alongside divergent performance by marketAnnual report
「While customers' advance orders, which had continued from the previous fiscal year, declined, strong conditions continued in the factory automation, industrial equipment, air-conditioning equipment and electric vehicle markets, driving growth in sales of semiconductors such as ASICs and power semiconductors for energy-saving products. As the semiconductor shortage continued to ease, excess supply in the memory market caused prices to decline, while demand for consumer equipment decreased.」
While the semiconductor shortage continued to ease and advance orders declined, the factory automation, industrial equipment, automotive and decarbonization-related markets remained strong. In the memory market, excess supply caused prices to decline, while demand from the consumer segment decreased. - FY2023-Q3Improving supply and demand and strong performance by product amid the ongoing semiconductor shortageAnnual report
「Although the global semiconductor shortage continued, production in the consumer segment normalized and supply-demand conditions improved, reducing customers' advance orders that had continued from the previous fiscal year and causing orders to fall below the previous year's level. Meanwhile, sales of semiconductors and electronic components for the factory automation equipment and industrial markets, as well as power semiconductors for power equipment used in decarbonization and energy-saving products such as electric vehicles, remained strong.」
While the semiconductor shortage continued, production normalization and improved supply-demand conditions in the consumer segment reduced advance orders, causing orders to fall below the previous year's level. Power semiconductors for the factory automation equipment and industrial markets and for decarbonization and energy-saving applications remained strong. - FY2023-Q2Improving supply-demand conditions alongside slowing market growthAnnual report
「In the electronic device industry, as the balance between semiconductor supply and demand moved toward normalization, market growth began to slow amid changing conditions, including lower personal consumption resulting from global inflation.」
While supply constraints stemming from the global semiconductor shortage moved toward normalization of supply and demand, slower growth in the semiconductor market became apparent against a backdrop of inflation and other factors. - FY2023-Q1WorsenedAnnual report
「In the electronic device industry, semiconductor demand continued to expand and performance remained strong, driven by increased data center investment and accelerating efforts toward decarbonization and renewable energy in the automotive, industrial and infrastructure sectors. In the device business, sales of custom LSIs and power semiconductors remained strong due to robust demand from the domestic and overseas factory automation equipment and industrial equipment markets, which had continued from the previous fiscal year, as well as growing demand in the electric vehicle market associated with decarbonization. Overseas sites were affected by the economic lockdown and logistics disruptions caused by the COVID-19 lockdown in Shanghai, China, but both orders and sales were strong.」
While semiconductor demand expanded on the back of data centers, factory automation and industrial equipment, electric vehicles, and decarbonization and renewable energy, additional supply and market disruption factors emerged in the form of the economic lockdown and logistics stoppages caused by the lockdown in Shanghai, China. - FY2022WorsenedAnnual report
「In the electronic devices business, semiconductor demand expanded further against a backdrop of the shift to electric vehicles and increased data center investment, and the business remained strong.」
While semiconductor demand expanded, the global semiconductor shortage accelerated efforts to secure components, and market fluctuations accompanied by supply constraints continued. Electronic device orders were ¥35,550 million, up 45.0% from the previous fiscal year. - FY2022-Q3WorsenedAnnual report
「Orders, in particular, increased significantly as efforts to secure components accelerated further in the third quarter due to the impact of the global semiconductor shortage.」
While semiconductor demand expanded, the global semiconductor shortage and efforts to secure components accelerated, deepening market fluctuations accompanied by supply constraints. Electronic device orders were ¥27,145 million, up 60.6% year on year. - FY2022-Q2WorsenedAnnual report
「Orders, in particular, increased significantly as efforts to secure components accelerated further in the second quarter due to the impact of the global semiconductor shortage.」
The global semiconductor shortage and efforts to secure components accelerated further from the first quarter, and electronic device orders were ¥18,400 million, up 83.4% year on year. Conditions of expanding demand and supply constraints became more pronounced. - FY2022-Q1WorsenedAnnual report
「Orders, in particular, increased sharply on a temporary basis as efforts to secure products accelerated further due to the global semiconductor shortage.」
While semiconductor demand expanded, the global semiconductor shortage and efforts to secure products accelerated, and market fluctuations accompanied by supply constraints continued. - FY2021WorsenedAnnual report
「In the device business, orders increased as demand recovered in the factory automation equipment, automotive and other markets, but sales declined because component supplies were tight in the market.」
In addition to the risk of fluctuations in the semiconductor and product markets, sales declined because tight component supplies and production adjustments persisted even as demand was recovering. - FY2021-Q3RestatedAnnual report
「As Japan's digital AV and mobile phone markets changed rapidly with the emergence of smartphones and other mobile devices, significant fluctuations in the markets for products that use semiconductors, including ICs (integrated circuits) and LSIs (large-scale integrated circuits), are expected to continue, and the semiconductor market may undergo major changes as a result.」
The company continues to identify the possibility of significant fluctuations and industry restructuring in the markets for products that use semiconductors and in the semiconductor market. - FY2021-Q1WorsenedAnnual report
「In the device business, sales remained sluggish due to weak demand in the factory automation equipment and automotive markets, difficulties procuring production materials, and supply chain disruptions in logistics resulting from the impact of the COVID-19 pandemic.」
Fluctuations in the semiconductor and device markets appeared as weak demand in the factory automation equipment and automotive markets, difficulties procuring production materials, and supply chain disruptions in logistics. - FY2020WorsenedAnnual report
「In the semiconductor business, semiconductors for factory automation equipment and electronic components remained sluggish due to stagnant capital investment demand resulting from U.S.-China trade tensions and the impact of the COVID-19 pandemic.」
Fluctuations in the semiconductor market appeared as stagnant capital investment demand resulting from U.S.-China trade tensions and the impact of the COVID-19 pandemic, leading to lower sales and earnings in the electronic devices business. - FY2020-Q3RestatedAnnual report
「In the semiconductor business, semiconductors for factory automation equipment and electronic components remained sluggish due to weak capital investment demand in the Chinese market. LCD panels for in-vehicle information systems also remained sluggish because of lower demand for vehicle models using the products. As a result, semiconductor business sales and earnings were significantly below the previous year's results.」
Fluctuations in the semiconductor market continued to appear in the results as weak capital investment demand in China, lower demand for vehicle models using the LCD panels, and semiconductor business performance below the previous year's results. - FY2020-Q2WorsenedAnnual report
「In the semiconductor business, capital investment demand in the Chinese market continued to slow, leaving semiconductors for factory automation equipment and electronic components sluggish. LCD panels for in-vehicle information systems also declined significantly due to a decrease in the number of vehicle models using the products following model changes. As a result, semiconductor business sales and earnings were significantly below the previous year's results.」
Fluctuations in the semiconductor market continued to appear in the results as slower capital investment demand in China, a decline in the number of vehicle models using the LCD panels, and semiconductor business sales and earnings below the previous year's results. - FY2020-Q1WorsenedAnnual report
「In the semiconductor business, the slowdown in China's economy led to lower capital investment demand and further inventory adjustments, leaving semiconductors for factory automation equipment and electronic components sluggish. LCD panels for in-vehicle information systems also declined significantly due to a decrease in the number of vehicle models using the products following model changes. As a result, semiconductor business sales and earnings were significantly below the previous year's results.」
The risk of fluctuations in the semiconductor market became more deeply reflected in the results through a further decline in capital investment demand and continued inventory adjustments amid China's economic slowdown, as well as a significant decline in LCD panels. - FY2019MaterialisedAnnual report
「In the semiconductor business, semiconductors for factory automation equipment and electronic components remained sluggish due to lower capital investment demand resulting from the slowdown in China's economy and inventory adjustments. LCD panels for in-vehicle information systems declined significantly due to a decrease in the number of vehicle models using the products following model changes.」
The slowdown in China's economy, lower capital investment demand, inventory adjustments and a decline in the number of vehicle models using the products resulted in weaker full-year performance for semiconductors, electronic components and LCD panels. - FY2019-Q2MaterialisedAnnual report
「In the semiconductor business, custom LSIs for factory automation equipment and electronic components remained sluggish due to lower capital investment demand, including in China. Sales of LCD panels for in-vehicle information systems were also below the previous year's level because of inventory adjustments and a decline in the number of vehicle models using the products.」
Lower capital investment demand, inventory adjustments and a decline in the number of vehicle models using the products appeared in the results as sluggish semiconductor, electronic component and LCD panel performance and sales below the previous year's level. - FY2018-Q3RestatedAnnual report
「As Japan's digital AV and mobile phone markets changed rapidly with the emergence of smartphones and other mobile devices, significant fluctuations in the markets for products that use semiconductors, including ICs (integrated circuits) and LSIs (large-scale integrated circuits), are expected to continue, and the semiconductor market may undergo major changes as a result.」
The company continues to identify the possibility of significant fluctuations and industry restructuring in the markets for products that use semiconductors and in the semiconductor market. - FY2018-Q2RestatedAnnual report
「Significant fluctuations in the markets for products that use semiconductors, including ICs (integrated circuits) and LSIs (large-scale integrated circuits), are expected to continue, and the semiconductor market may undergo major changes as a result.」
The company continues to identify the possibility of significant fluctuations and industry restructuring in the markets for products that use semiconductors and in the semiconductor market. - FY2017-Q3MaterialisedAnnual report
「In the semiconductor business, custom LSIs and relays for factory automation equipment, ASICs for automobiles, and sensors for air-conditioning equipment remained firm. However, microcontrollers and memory products declined significantly following changes in distributors' policies resulting from restructuring in the semiconductor industry. LCDs for in-vehicle information systems remained firm due to an increase in overseas vehicle models using the products, but sales declined because of the reaction to the strong performance in the previous fiscal year and other factors.」
The significant decline in microcontrollers and memory products resulting from semiconductor industry restructuring and changes in distributors' policies, together with lower LCD sales due to the reaction to the previous fiscal year's strong performance and other factors, continued to appear in the results. - FY2017-Q2MaterialisedAnnual report
「Microcontrollers and memory products declined significantly due to changes in distribution channels following restructuring among semiconductor manufacturers. LCDs for in-vehicle information systems remained firm due to an increase in overseas vehicle models using the products, but sales declined because of the reaction to the strong performance in the previous fiscal year and other factors.」
Changes in distribution channels following semiconductor industry restructuring and the reaction to the previous fiscal year's strong performance continued to appear as lower sales of microcontrollers, memory products and LCDs. - FY2017-Q1MaterialisedAnnual report
「Microcontrollers and memory products declined significantly due to changes in distribution channels following restructuring among semiconductor manufacturers. LCDs for in-vehicle information systems also remained sluggish as major overseas customers adjusted production.」
Changes in distribution channels following restructuring among semiconductor manufacturers and production adjustments by major customers actually emerged as declines in semiconductor and LCD sales. - FY2016First statedAnnual report
「Significant fluctuations in the markets for products that use semiconductors are expected to continue, and the semiconductor market may undergo major changes as a result.」
The company identifies fluctuations in markets for products that use semiconductors and global industry restructuring as factors that could affect its results.