More Cautious Semiconductor-Related Capital Investment and Declining Electronic Component Sales
First written in FY2019-Q2. 12 of 28 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-10-30.
The whole theme swung hardest in 2019: 13 of 28 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- 2026-10-30MitigatedEarnings
「半導体市場が活況を呈するなか、半導体製造装置メーカーをはじめとする関連業界向けの売上が伸長しました。」
従来の半導体関連の在庫調整・設備投資抑制による販売減少から、AI関連需要を背景とした半導体市場の活況と関連業界向け売上の伸長へ変化した。 - FY2026MitigatedAnnual report
「Sales of control equipment and electronic components increased as capital investment in the manufacturing sector showed signs of recovery against a backdrop of the reduced impact of inventory adjustments in the semiconductor-related sector and expanding demand for labor-saving and automation solutions associated with labor shortages.」
Regarding the previous decline in sales caused by production and inventory adjustments in the semiconductor-related sector, the disclosure cites a reduced impact and higher sales of control equipment and electronic components. - FY2026-H1RestatedAnnual report
「Although sales of electronic components remained sluggish in some areas because of the continuing impact of inventory adjustments in the semiconductor-related sector, sales of robots and control equipment increased as capital investment in the manufacturing sector showed signs of recovery against a backdrop of labor shortages and demand for labor-saving and automation solutions.」
While sluggish sales of electronic components due to inventory adjustments in the semiconductor-related sector continued in some areas, the disclosure cites higher sales of robots and control equipment against a backdrop of recovering capital investment in the manufacturing sector. - FY2025MitigatedAnnual report
「As the impact of inventory adjustments in the semiconductor-related sector began to run its course, the business shifted to a revenue growth trend from the third quarter onward, including an upturn in sales of control equipment.」
Regarding the decline in sales caused by production adjustments and restrained capital investment in the semiconductor-related sector that continued from the previous fiscal year, the disclosure cites the completion of inventory adjustments and a recovery in control equipment sales from the third quarter onward. - FY2025-H1MaterialisedAnnual report
「In the Industrial Equipment Business, investment in manufacturing remained firm, supported by labor-saving and automation demand resulting from labor shortages. However, the impact of semiconductor inventory adjustments following the reactionary decline in stay-at-home demand during the COVID-19 pandemic continued, and sales of control equipment and electronic components declined. As a result, net sales were ¥18,018 million, down 6.7% year on year.」
The continuing impact of semiconductor inventory adjustments has been reflected in actual results as a decline in sales of control equipment and electronic components and a 6.7% year-on-year decline in revenue in the Industrial Equipment business. - FY2024MaterialisedAnnual report
「Sales of control equipment and electronic components declined under the impact of production adjustments in the semiconductor-related sector and restrained capital investment.」
Production adjustments in the semiconductor-related sector and restrained capital investment have been reflected in actual results as a full-year decline in sales of control equipment and electronic components and a 5.1% decline in revenue in the Industrial Equipment business. - FY2024-Q3WorsenedAnnual report
「As digital-related supply and demand deteriorated following the reversal of stay-at-home demand during the COVID-19 pandemic, sales of control equipment and electronic components declined under the impact of production adjustments in the semiconductor-related sector and restrained capital investment.」
In addition to the previous decline in sales to the semiconductor-related sector, the disclosure explicitly identifies deteriorating digital-related supply and demand, production adjustments in the semiconductor-related sector and restrained capital investment, clarifying the factors behind the decline in sales of control equipment and electronic components. - FY2024-Q2WorsenedAnnual report
「In the Industrial Equipment Business, sales to semiconductor-related customers began to decline as digital-related supply and demand deteriorated following the contraction in stay-at-home demand during the COVID-19 pandemic. However, investment in manufacturing remained firm, supported by labor-saving and automation demand resulting from labor shortages, and sales of control equipment and other products increased. As a result, net sales were ¥19,311 million, up 4.5% year on year.」
The disclosure states that sales to the semiconductor-related sector turned down as digital-related supply and demand deteriorated, indicating that this risk has re-emerged as a performance factor. Meanwhile, capital investment by manufacturers and sales of control equipment and other products increased. - FY2024-Q1MitigatedAnnual report
「Sales to the semiconductor-related sector were strong against a backdrop of expanding demand for automotive applications as vehicles become increasingly electrified and for renewable energy applications associated with decarbonization, while sales of control equipment and electronic components increased as capital investment, particularly by manufacturers, remained firm. As a result, revenue was ¥10.085 billion, up 12.8% year on year.」
The description has shifted from the postponement of capital investment and the decline in sales of control equipment and other products through the previous fiscal year to higher sales driven by expanding demand for electrification, automotive applications and renewable energy applications, together with firm capital investment by manufacturers, resulting in 12.8% revenue growth in the Industrial Equipment business. - FY2023-Q3MitigatedAnnual report
「Sales to the semiconductor-related sector were strong against a backdrop of robust digital-related demand and expanding EV-related investment by the automotive industry, while sales of control equipment and electronic components increased as capital investment, particularly by manufacturers, remained firm. As a result, revenue was ¥29.557 billion, up 18.5% year on year.」
Higher sales driven by robust digital-related demand, EV-related investment and firm capital investment by manufacturers continued after the postponement of capital investment and the decline in sales through the previous fiscal year, resulting in 18.5% year-on-year revenue growth in the Industrial Equipment business. - FY2023-Q2MitigatedAnnual report
「Sales to the semiconductor-related sector were strong against a backdrop of robust digital-related demand and expanding EV-related investment by the automotive industry, while sales of control equipment and electronic components increased as capital investment, particularly by manufacturers, remained firm. As a result, revenue was ¥18.477 billion, up 14.5% year on year.」
The description has shifted from the postponement of capital investment and the decline in sales of control equipment and other products through the previous fiscal year to higher sales against a backdrop of robust digital-related demand, EV-related investment and firm capital investment by manufacturers. - FY2023-Q1MitigatedAnnual report
「Sales to the semiconductor-related sector were strong against a backdrop of robust digital-related demand and expanding EV-related investment by the automotive industry, while sales of control equipment and electronic components increased as capital investment, particularly by manufacturers, remained firm. As a result, revenue was ¥8.937 billion, up 13.7% year on year.」
The description has shifted from the postponement of capital investment and the decline in sales of control equipment and other products through the previous fiscal year to higher sales driven by digital demand, EV-related investment and firm capital investment by manufacturers. - FY2022-Q3RestatedAnnual report
「Sales to the semiconductor-related sector were strong against a backdrop of robust digital-related demand and the recovery of the automotive industry, while sales of control equipment and electronic components increased as capital investment by manufacturers, particularly in the manufacturing sector, recovered. As a result, revenue was ¥24.936 billion, up 22.9% year on year.」
Strong sales to the semiconductor-related sector and higher sales of control equipment and electronic components driven by the recovery of capital investment by manufacturers continued, resulting in 22.9% year-on-year revenue growth in the Industrial Equipment business. - FY2022-Q2MitigatedAnnual report
「Sales to the semiconductor-related sector were strong against a backdrop of robust digital-related demand and the recovery of the automotive industry, while sales of control equipment and electronic components increased as capital investment by manufacturers, particularly in the manufacturing sector, recovered. As a result, revenue was ¥16.132 billion, up 21.5% year on year.」
The description has progressed from the postponement of semiconductor-related capital investment and the decline in sales of control equipment and electronic components through the previous fiscal year to higher sales driven by robust digital-related demand, the recovery of the automotive industry and the recovery of capital investment by manufacturers, resulting in 21.5% year-on-year revenue growth in the Industrial Equipment business. - FY2022-Q1MitigatedAnnual report
「Sales to the semiconductor-related sector were strong against a backdrop of robust digital-related demand and the recovery of the automotive industry, while sales of control equipment and electronic components increased as capital investment by manufacturers, particularly in the manufacturing sector, recovered. As a result, revenue was ¥7.860 billion, up 12.5% year on year.」
The description has shifted from the postponement of semiconductor-related capital investment and the decline in sales of control equipment and electronic components cited through the previous fiscal year to higher sales driven by robust digital-related demand, the recovery of the automotive industry and the recovery of capital investment by manufacturers. - FY2021RestatedAnnual report
「Although sales to the semiconductor-related sector remained firm against a backdrop of increased information infrastructure investment, sales of control equipment and electronic components declined as manufacturers, particularly in the manufacturing sector, postponed capital investment. As a result, revenue was ¥27.870 billion, down 9.3% year on year.」
While sales to the semiconductor-related sector remained firm against a backdrop of information infrastructure investment, sales of control equipment and electronic components declined as manufacturers, particularly in the manufacturing sector, postponed capital investment, resulting in a 9.3% year-on-year decline in full-year revenue. - FY2021-Q3RestatedAnnual report
「Although sales to the semiconductor-related sector remained firm against a backdrop of increased information infrastructure investment, sales of control equipment and electronic components declined as manufacturers, particularly in the manufacturing sector, postponed capital investment. As a result, revenue was ¥20.294 billion, down 11.0% year on year.」
While sales to the semiconductor-related sector remained firm against a backdrop of information infrastructure investment, sales of control equipment and electronic components declined as manufacturers, particularly in the manufacturing sector, postponed capital investment, resulting in an 11.0% year-on-year decline in the Industrial Equipment business. - FY2021-Q2RestatedAnnual report
「In the Industrial Equipment Business, sales to semiconductor-related customers remained firm against a backdrop of the full-scale expansion of investment in information infrastructure, but sales of control equipment declined because manufacturers postponed capital investment. As a result, net sales were ¥13,274 million, down 12.2% year on year.」
Although sales to the semiconductor-related sector remained firm against a backdrop of information infrastructure investment, sales of control equipment continued to decline because manufacturers, particularly in the manufacturing sector, postponed capital investment, resulting in a 12.2% year-on-year decline in the Industrial Equipment business. - FY2021-Q1ReframedAnnual report
「Although sales to the semiconductor-related sector remained solid against a backdrop of increased information infrastructure investment, sales of control equipment declined as manufacturers, particularly in the manufacturing sector, postponed capital investment. As a result, revenue was ¥6.985 billion, down 7.4% year on year.」
The picture has shifted: sales to the semiconductor-related sector remain solid against a backdrop of information infrastructure investment, while sales of control equipment have declined because manufacturers, particularly in the manufacturing sector, have postponed capital investment. - FY2020-Q3RestatedAnnual report
「In the Industrial Equipment Business, sales of robot-related products and AGVs increased as labor shortages drove an expansion in labor-saving investment, but sales of control equipment and electronic components declined because capital investment, particularly semiconductor-related investment, was postponed. As a result, net sales were ¥22,802 million, down 5.7% year on year.」
The cumulative third-quarter disclosure continues to cite the postponement of capital investment, particularly in semiconductor-related areas, and the resulting decline in sales of control equipment and electronic components. It also cites higher sales of robotics-related products and AGVs. - FY2020-Q2RestatedAnnual report
「In the Industrial Equipment Business, sales of robot-related products and AGVs increased as labor shortages drove an expansion in labor-saving investment, but sales of control equipment and electronic components declined because capital investment, particularly semiconductor-related investment, was postponed. As a result, net sales were ¥15,120 million, down 2.4% year on year.」
The second-quarter cumulative results also state that semiconductor-related capital investment was postponed, resulting in lower sales of control equipment and electronic components. Meanwhile, increased robot-related and AGV sales are also reported. - FY2020-Q1MaterialisedAnnual report
「In the Industrial Equipment Business, sales of robot-related products and AGVs increased as labor shortages drove an expansion in labor-saving investment, but sales of control equipment and electronic components declined because capital investment, particularly semiconductor-related investment, was postponed. As a result, net sales were ¥7,542 million, down 2.7% year on year.」
The first-quarter results specifically state that semiconductor-related capital investment was postponed, resulting in lower sales of control equipment and electronic components. - FY2019RestatedAnnual report
「Although some semiconductor-related customers took a cautious stance toward capital investment and electronic component sales declined, robot-related and AGV sales increased in response to growing demand for labor-saving investment resulting from labor shortages.」
The company continues to report that electronic component sales declined because some semiconductor-related customers took a cautious stance toward capital investment. - FY2019-Q3RestatedAnnual report
「In the Industrial Equipment Business, although some semiconductor-related customers took a cautious stance toward capital investment and sales of electronic components declined, sales of robot-related products and AGVs increased in response to growing demand for labor-saving investment resulting from labor shortages. As a result, net sales were ¥24,179 million, up 1.9% year on year.」
The company continues to report that some semiconductor-related customers took a cautious stance toward capital investment, resulting in declining electronic component sales. Meanwhile, increased robot-related and AGV sales offset the decline. - FY2019-Q2First statedAnnual report
「In the Industrial Equipment Business, although some semiconductor-related customers took a cautious stance toward capital investment and sales of electronic components declined, robot-related sales increased in response to growing demand for labor-saving investment resulting from labor shortages. As a result, net sales were ¥15,494 million, up 0.0% year on year.」
The second-quarter cumulative period disclosure states that some semiconductor-related customers took a cautious stance toward capital investment, resulting in declining electronic component sales.