How strong was overall shipment growth?
- According to statistics from the Japan Electronics and Information Technology Industries Association (JEITA), global electronic component shipments by 60 Japanese companies in August 2026 totaled 392.8 billion yen, up 24% year over year and down 8% month over month; in U.S. dollars, shipments totaled 2.471 billion dollars, up 15% year over year and down 6% month over month.
- JPMorgan noted that overall shipments were below the seasonal average month over month, with shipments of almost all major products down from July.
- The statistics reflect the value of shipments by participating survey companies, and the data lag by two months. JPMorgan believes they help track trends in Japan’s electronic component market.
Which products supported year-over-year growth?
- Passive component shipments in August totaled 245.6 billion yen, up 29% year over year and down 8% month over month. Capacitors accounted for 181.6 billion yen, up 33% year over year and down 7% month over month; resistors were up 28% year over year and down 9% month over month.
- Interconnect component shipments totaled 69.8 billion yen, up 19% year over year and down 11% month over month; conversion components totaled 38.4 billion yen, up 8% year over year and down 12% month over month. Year-over-year growth varied by product, but monthly declines were widespread.
- Another upstream indicator showed that global output of dielectric ceramic electrode materials for multilayer ceramic capacitors (MLCCs) in August grew 9% year over year and fell 12% month over month. Although it declined from July, JPMorgan said it remained high relative to the past ten years.
What do regional differences show?
- In yen terms, shipments to China in August totaled 152.6 billion yen, up 22% year over year and down 6% month over month; shipments to other Asian regions totaled 102.5 billion yen, up 38% year over year and down 3% month over month. JPMorgan noted that the year-over-year growth trend was particularly pronounced in Asia.
- During the same period, shipments to Japan, the United States and Europe grew 19%, 11% and 20%, respectively, year over year, while falling 17%, 10% and 11%, respectively, month over month. Regions outside Asia also recorded year-over-year growth, but monthly shipments declined there as well.