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Q2 report card – 9 Japanese manufacturers from electronic component | Vihochips

According to the Nikkei Chinese website, with the release of financial reports for the second quarter of 2023, the revenue status of Japanese electronic parts companies from April to June is also revealed. The financial report shows that among the 9 major Japanese electronic parts companies, 8 Q2 profits have declined, and only Nidec’s profits have increased.


The net profits of these nine companies in the second quarter are as follows: Renesas Electronics 97.3 billion yen, Nidec 64 billion yen, Murata Manufacturing 50 billion yen, Kyocera 37.3 billion yen, Rohm 20.1 billion yen, Nitto Denko 15.1 billion yen, TDK 14.7 billion yen, Taiyo Yuden 900 million yen, and Alps Alpine a loss of 2.3 billion yen.

The total sales of the nine companies decreased by about 3% year-on-year to 2.9050 trillion yen, and the net profit was nearly 300 billion yen, a decrease of about 25%.

The agency believes that the effect of the depreciation of the yen failed to make up for the loss. Seven companies other than TDK maintained their net profit expectations for fiscal year 2023 (as of March 2024), pinning their hopes on the recovery of the smartphone market and strong demand for in-vehicle products.

Fukuda Zhiguang, director of Taiyo Yuden, said, “In addition to the effect of the depreciation of the yen, we also cut costs, but failed to meet the expectations at the beginning of the fiscal year.” Affected by the destocking trend of servers and base station equipment, the company Sales of multilayer ceramic capacitors (MLCC) and others fell, and sales fell by 11% year-on-year to 72.6 billion yen.

The weakness in the smartphone and PC fields has also affected the performance of Murata, Kyocera, and Rohm. The demand for related electronic components has shrunk, leading to a decline in corporate profits.

As large IT companies prioritize research and development in the AI field and reduce investment in other areas, Nitto Denko’s sales of circuit substrates for data centers have decreased; sales of mechanical hard disk heads manufactured by TDK have declined, and the company has lowered its forecast for fiscal year 2023.

Nidec, the only company with growth in the second quarter, because its main business is for automobiles, benefited from the profitability of the key device “E-Axle” of pure electric vehicles, and the company’s profits increased, creating a new high in quarterly profits; in addition, Nidec’s industrial motor business also grew.

Alps Alpine posted a loss in Q2 due to sluggish sales of smartphones and consumer electronics, but the profit and loss of in-vehicle equipment improved.

According to foreign media, currently affected by the depreciation of the yen, major electronics companies may take advantage of the situation to achieve growth; as new models such as the iPhone will be launched in autumn, the president of Murata Manufacturing Co., Ltd. said: “The demand for smartphones will increase from July to September. Slow recovery from the second half of the period.”

Post time: Aug-11-2023