Stagnant demand related to smartphones and tablets and a cautious investment stance in the electrical equipment and automotive industries

「Investment is also expanding in the electronics and electrical equipment industries in areas including AI and data centres, semiconductors, defence, and high-speed, high-capacity communications.」

「Investment is also expanding in the electronics and electrical equipment industries in areas including AI and data centres, semiconductors, defence, and high-speed, high-capacity communications.」

「In the electronics and electrical equipment industries, investment in AI and data centers, high-speed and high-capacity communications, GX and defense-related fields is expanding.」

「電子・電機業界では、ＡＩ、データセンター、高速・大容量通信やＧＸ、防衛関連分野等に係る投資の拡大が期待されております。」

「In the industries in which the Company's Group operates, including electronic measuring instruments, power supply equipment and environmental testing equipment, capital investment aimed at automation and labor saving, as well as R&D investment in growth areas, remains resilient. In the electronics and electrical equipment industries, expansion of investment related to AI, data centers and IoT is expected as digitalization progresses across various fields.」

「Although capital investment budget execution was somewhat cautious in the previous fiscal year and affected some of the Company's orders, capital investment and R&D investment remained resilient in the current fiscal year, and orders grew substantially.」

「Although capital investment budget execution was somewhat cautious last year and affected some of the Company's orders, capital investment and R&D investment remain resilient, and the Company's orders are showing signs of recovery.」

「While capital investment aimed at automation and labor saving against a backdrop of labor shortages, as well as R&D investment in growth areas, remains resilient, the automotive industry, a major user of the Company, is expected to continue investing actively in the development of next-generation vehicles such as EVs and fuel-cell vehicles, as well as ADAS and autonomous driving technologies, amid the global shift toward decarbonization. However, in fiscal 2023, capital investment execution showed some signs of caution against a backdrop of concern over a global economic slowdown, affecting some of the Company's orders.」

「While capital investment aimed at automating production across the manufacturing sector and R&D investment in growth areas remain resilient, the automotive industry, a major user of the Company, is expected to continue investing actively in the development of next-generation vehicles such as EVs and fuel-cell vehicles, as well as ADAS and autonomous driving technologies, amid the global shift toward decarbonization. However, capital investment execution has shown some signs of caution against a backdrop of concern over a global economic slowdown, and some impact on the Company's orders has emerged. The Company continues to closely monitor developments.」

「However, recently, capital investment execution has shown some signs of caution against a backdrop of concern over a global economic slowdown, and the impact on the Company's orders has begun to emerge. The Company is closely monitoring future developments.」

「In the electronics and electrical equipment industries, the shift toward electrification and digitalization is accelerating across various fields, and investment in 5G-related social infrastructure and IoT is increasing.」

「In the industries in which the Company's Group operates, including electronic measuring instruments, power supply equipment and environmental testing equipment, production adjustments continue in some areas of the automotive industry, a major user of the Company, due to the remaining impact of parts shortages. However, investment remains active in the development of next-generation vehicles such as electric vehicles and fuel-cell vehicles, as well as ADAS and autonomous driving technologies, amid the global shift toward decarbonization. In the electronics and electrical equipment industries, the shift toward electrification and digitalization is accelerating across various fields, as represented by digital transformation, and investment in 5G-related social infrastructure and IoT is increasing.」

「In the automotive industry, a major user of the Company, production adjustments continue as the impact of parts shortages remains in some areas. However, investment in the development of new-energy vehicles such as electric vehicles and fuel-cell vehicles, as well as ADAS and autonomous driving technologies, remains active amid the global shift toward decarbonization. In the electronics and electrical equipment industries, the shift toward electrification and digitalization is accelerating across various fields, as represented by digital transformation, and investment in 5G-related social infrastructure and IoT is increasing.」

「In the automotive industry, a major user of the Company, production adjustments due to parts shortages continue. However, investment in the development of new-energy vehicles such as electric vehicles and fuel-cell vehicles, as well as ADAS and autonomous driving technologies, remains active amid the global shift toward decarbonization. In the electronics and electrical equipment industries, the shift toward electrification and digitalization is accelerating across various fields, as represented by digital transformation, and investment in 5G-related social infrastructure and IoT is increasing.」

「In the automotive industry, production adjustments such as reduced production and plant shutdowns continue due to semiconductor shortages. However, investment in the development of new-energy vehicles such as electric vehicles and fuel-cell vehicles, as well as ADAS and autonomous driving technologies, remains active amid the global shift toward decarbonization. In the electronics and electrical equipment industries, the shift toward electrification and digitalization is accelerating across various fields, as represented by digital transformation (hereinafter, DX), and investment in 5G-related social infrastructure and IoT is increasing.」

「In the automotive industry, production adjustments, including reduced production and plant shutdowns, continue due to semiconductor shortages. However, active capital investment continues in the development of new-energy vehicles such as electric vehicles, ADAS and autonomous driving technologies, and environmental testing, driven by the global shift toward carbon neutrality. In the electronics and electrical equipment industries, investment in 5G-related social infrastructure and IoT has also increased.」

「In the automotive industry, production adjustments, including reduced production and plant shutdowns, became unavoidable due to semiconductor shortages. Meanwhile, active capital investment continues in the development of new-energy vehicles such as electric vehicles, ADAS and autonomous driving technologies, and environmental testing, driven by environmental concerns and the goal of achieving a decarbonized society. In the electronics and electrical equipment industries, investment in 5G-related social infrastructure and local 5G has also increased.」

「Some parts of the automotive industry, a major user of the Company, have been forced to make production adjustments and suspend production due to semiconductor shortages. However, active capital investment continues in ADAS and autonomous driving, safety testing, the development of new-energy vehicles and environmental testing. In the electronics and electrical equipment industries, sales of PCs, tablets and gaming devices have increased with changes in business and lifestyles, while momentum for 5G- and storage battery-related capital investment has also increased.」

「In the automotive industry, a major user of the Company, vehicle sales declined and capital investment was restrained in the first half of fiscal 2020 due to the impact of COVID-19. Vehicle sales showed signs of recovery in the second half, but semiconductor shortages made production adjustments unavoidable. In the electronics and electrical equipment industries, sales of PCs and tablets increased due to the expansion of telework, remote education in schools and stay-at-home demand, while momentum for capital investment related to 5G and storage batteries also increased.」

「In the automotive industry, a major user of the Company, demand for capital investment related to safety and environmental testing remains, but the situation became difficult as vehicle sales fell sharply due to COVID-19, plants were temporarily shut down and procurement of materials was disrupted, resulting in a cautious approach to new capital investment. The electronics industry likewise began to show signs of weakness in previously strong performance due to sluggish smartphone sales.」

「In the automotive industry, a major user of the Company, demand for capital investment related to safety and environmental testing remains, but the situation became difficult as vehicle sales fell sharply and some plants were temporarily shut down due to the impact of COVID-19, resulting in a cautious approach to new capital investment. The electronics industry likewise began to show signs of weakness after previously strong performance.」

「In the automotive industry, a major user of the Company, demand for capital investment related to safety and environmental testing remains, but the situation became difficult as vehicle sales fell sharply and some plants were temporarily shut down due to the impact of COVID-19, resulting in a cautious approach to new capital investment. The electronics industry likewise began to show signs of weakness after previously strong performance.」

「In the electronics industry, momentum for capital investment aimed at next-generation 5G communications is increasing. However, the performance of related semiconductor and electronic component manufacturers is showing signs of weakness and capital investment remains sluggish as consumption trends have become increasingly uncertain due to the plateauing of smartphone demand, the impact of the stronger yen, US-China trade friction and the impact of COVID-19.」

「Although momentum for capital investment in next-generation 5G communications is increasing, the performance of related semiconductor and electronic component manufacturers is showing signs of weakness and capital investment remains sluggish due to the plateauing of smartphone demand, the impact of the stronger yen and uncertainty surrounding developments in US-China trade friction.」

「In the electronics industry, momentum for capital investment aimed at next-generation 5G communications is increasing. However, the performance of related semiconductor and electronic component manufacturers is showing signs of weakness, and capital investment remains sluggish due to the plateauing of smartphone demand, the impact of the stronger yen and expectations that US-China trade friction will be prolonged.」

「In the electronics industry, which is a major user of the Company, the performance of related semiconductor and electronic component manufacturers showed signs of weakness due to the plateauing of smartphone demand, sluggish tablet sales and the impact of the stronger yen.」

「Sales of mobile devices such as smartphones, which had driven the industry, began to level off. Although the performance of related semiconductor and electronic component manufacturers remained generally steady through the first half, the economic environment became difficult in the second half, with a succession of companies revising their earnings forecasts downward.」

「There are concerns, including sluggish sales of high-tech products such as smartphones, which had previously driven the market. However, development of next-generation technologies, including product development aimed at commercializing 5G services and the development of IoT technologies, continues to be active.」

「In the electronics and electrical equipment industries, which are major users of the Company, development of organic EL products, semiconductors and various sensors has remained active, along with product development aimed at commercializing next-generation 5G communications services and the development of IoT technologies.」

「In the electronics and electrical equipment industries, development of smartphones with new LCD displays and tablet devices, organic EL products, semiconductors and various sensors continues to progress actively.」

「In the electronics and electrical equipment industries, which are major users of the Company, the performance of related semiconductor and electronic component manufacturers has been strong, supported by sales of new smartphones, tablets and new organic EL televisions.」

「In the electronics and electrical equipment industries, the performance of related semiconductor and electronic component manufacturers has brightened on sales of new smartphones, tablets and new organic EL televisions. In the automotive industry, efforts toward the commercialization of autonomous driving are progressing actively in response to growing safety needs, and capital investment related to safety and environmental testing is also being carried out actively.」

「Demand for semiconductors is rising as new smartphones and tablets are developed, and the performance of related electronic component manufacturers has remained strong. In the automotive industry, in addition to capital investment related to safety and environmental testing in response to growing safety needs, active capital investment is being made in autonomous driving.」

「Although sales of electronic component manufacturers have shown some weakness due to sluggish sales of new smartphones and tablets, appetite for new product development remained strong, and related research and development continued to be active. In the automotive industry, although a cautious approach was seen toward domestic capital investment, overseas capital investment remained active, supported by generally strong business performance.」

「In the electronics and electrical equipment industries, which are major users of the Company, uncertainty surrounding the performance of related semiconductor and electronic component manufacturers has continued to increase as smartphone demand has reached a plateau and tablet sales have stagnated. In the automotive industry, efforts are being made in areas such as safety and environmental testing in response to growing safety needs and stronger efforts toward the commercialization of autonomous driving, but a cautious approach to capital investment has become increasingly pronounced.」

「In the automotive industry, efforts are being made in areas such as safety and environmental testing in response to growing safety needs and efforts to commercialize autonomous driving. However, against a backdrop of sluggish consumption caused by fuel-economy fraud, a cautious approach to capital investment has become increasingly pronounced.」

「Sales related to new smartphones and tablet devices stagnated, and the performance of related semiconductor and electronic component manufacturers showed signs of weakening due to the impact of the stronger yen. In the automotive industry, capital investment was made in safety and environmental testing in response to growing demand for safety, but a cautious stance was observed overall.」