### @IBIDEN — Confirmed — from the earnings release and results Q&A; the Others-segment composition is unresolved
Our Electronics segment surges, yet the legacy PC-substrate line in the Philippines took a 10.6 billion yen impairment as competition intensifies — the non-AI half retreats while the AI half compounds. Roughly 22% of sales sit in an uncharacterized "Others" segment; its AI relevance is unresolved. Our substrates depend on ABF build-up film, and material supply remains a constraint: we are qualifying alternatives but have not secured volumes for potential upside.
- tier: Confirmed (✓)
- source: IBIDEN / The counterweights inside the surge
- receipt: https://ticker.thevixguy.com/p/p-day-20260715-ibiden-src-ibiden-honest-counterweights-ingest
- posted: 2026-07-15T03:19:09.816Z