Recovery in the Underground Business from a Cyclical Demand Slump
First written in FY2023-Q1. 9 of 13 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Orders received in the underground business decreased by ¥21 million year on year to ¥3,182 million, while net sales increased by ¥262 million to ¥3,122 million.」
Although orders received in the underground business declined modestly, net sales increased by ¥262 million year on year, bringing full-year net sales to ¥3,122 million. - FY2026-H1AdvancedAnnual report
「Orders received in the underground business increased by ¥81 million year on year to ¥1,739 million, while net sales increased by ¥109 million to ¥926 million.」
Orders received and revenue in the underground business exceeded the same period of the previous year, indicating firm performance following recovery from the cyclical downturn in demand. - FY2025AdvancedAnnual report
「Large projects progressed steadily in the core port business, while the land-based and underground businesses also remained solid.」
The land-based and underground businesses, including the underground business, remained solid. Orders received in the underground business were ¥3,203 million and net sales were ¥2,860 million. - FY2025-H1Orders increased, revenue declinedAnnual report
「Orders received in the underground business increased by ¥151 million year on year to ¥1,658 million, while net sales decreased by ¥30 million to ¥816 million.」
In the underground business, orders received exceeded the year-earlier period, while net sales fell below it. - FY2024AdvancedAnnual report
「Orders received in the underground business increased by ¥97 million year on year to ¥2,798 million, while net sales increased by ¥70 million to ¥2,783 million.」
Even after recovering from the cyclical demand downturn, the underground business continued to exceed the year-earlier period in both orders received and net sales for the full year. - FY2024-Q3Lower orders received, higher net salesAnnual report
「Orders received in the underground business decreased by ¥22 million year on year to ¥2,251 million, while net sales increased by ¥183 million to ¥1,479 million.」
In the underground business, orders received decreased by ¥22 million year on year, while net sales increased by ¥183 million. The disclosure presents both higher sales, indicating continued demand recovery, and a modest decline in orders received. - FY2024-Q2AdvancedAnnual report
「Orders received in the underground business increased by ¥36 million year on year to ¥1,506 million, while net sales increased by ¥50 million to ¥847 million.」
The underground business maintained its recovery phase from the cyclical demand downturn, with both orders received and net sales for the cumulative second quarter period exceeding the year-earlier period. - FY2023AdvancedAnnual report
「The underground business turned upward from a cyclical demand downturn. Orders received increased by ¥516 million year on year to ¥2,700 million, while net sales increased by ¥832 million to ¥2,712 million.」
Recovery in demand for the underground business was confirmed for the full year, with orders received and net sales exceeding the year-earlier period. - FY2023-Q3AdvancedAnnual report
「The underground business turned upward from a cyclical demand downturn. Orders received increased by ¥673 million year on year to ¥2,274 million, while net sales increased by ¥249 million to ¥1,296 million.」
The underground business continued to recover from the cyclical demand downturn, with orders received and net sales exceeding the year-earlier period. This shows specific recovery results continuing from the previous quarter. - FY2023-Q2AdvancedAnnual report
「The underground business turned upward from a cyclical demand downturn. Orders received increased by ¥255 million year on year to ¥1,470 million, while net sales increased by ¥236 million to ¥797 million.」
The underground business continued to recover from the cyclical demand downturn, with orders received increasing by ¥255 million year on year and net sales increasing by ¥236 million. - FY2023-Q1First statedAnnual report
「The underground business turned upward from a cyclical demand downturn. Orders received increased by ¥50 million year on year to ¥740 million, while net sales increased by ¥38 million to ¥265 million.」
The company has for the first time explicitly stated that the underground business turned upward from a cyclical demand downturn and that orders received and net sales increased year on year.