According to the Nikkei News, due to the sluggish demand for smartphones and the downturn in new car sales in China and other markets, by the third quarter of this year, Japan’s six major electronic component companies (Murata, TDK, Kyocera, Nidec, Alps Alpine and Japan) The total order amount of Dongdian Electric is expected to not exceed 1.6 trillion yen (about 103.637 billion yuan), which is 5% lower than the same period of last year and has fallen for four consecutive quarters.
It is understood that this is another four consecutive quarterly declines in orders from six major parts companies in Japan since 2016.
Among the above six companies, orders from Murata Manufacturing Co., Ltd. from July to September decreased by about 10% from the same period of the previous year. Kyocera, TDK and Nitto Denko are expected to reduce by about 5%.
Japan’s vice president of the company’s vice president, Sato Akira, said that the Chinese market did not see signs of recovery other than demand for EVs.
Murata’s president and president, Mr. Murata, said in an interview that the global demand for electronic components such as MLCC is on the decline. Mr. Murata pointed out that global demand for electronic components is expected to recover after the beginning of 2020.