FY2025-H1First statedAnnual report
「(Heat Treatment Business) On the order front, the company secured orders for functional-materials heat-treatment furnaces and vacuum heat-treatment furnaces for domestic customers, regenerative exhaust-gas treatment equipment and aluminum heat-treatment equipment for automakers, among others. Orders increased to ¥8,114 million, or 108.0% of the same period of the previous year. On the revenue side, construction of semiconductor-related functional-materials heat-treatment furnaces, non-oxidizing equipment for domestic automakers and carburizing furnaces progressed steadily, and revenue increased to ¥7,505 million, or 145.9% of the same period of the previous year. Operating profit was ¥291 million, compared with an operating loss of ¥326 million in the same period of the previous year, due to higher revenue. (Plant Business) On the order front, the company secured orders for energy-saving continuous annealing equipment and exhaust-gas treatment equipment for the domestic steel industry and functional-materials in-flame treatment equipment, among others. Orders increased to ¥7,802 million, or 113.5% of the same period of the previous year. On the revenue side, construction of large decarbonization-oriented high-brightness annealing equipment for overseas customers and energy-saving heating furnaces for the domestic steel industry progressed, with revenue of ¥4,444 million, or 72.3% of the same period of the previous year. Operating loss was ¥175 million, compared with operating profit of ¥370 million in the same period of the previous year, due to lower revenue. (Development Business) On the order front, the company secured orders for testing and experimental equipment related to carbon neutrality, but because it had secured an order for NEDO’s “Green Innovation Fund Project / Decarbonization of Thermal Processes in Manufacturing” in the same period of the previous year, orders were limited to ¥302 million, or 13.5% of the same period of the previous year. On the revenue side, construction of NEDO projects, hydrogen-based gas heating equipment and precision coating equipment progressed steadily, and revenue increased substantially to ¥1,172 million, or 305.2% of the same period of the previous year. Despite higher revenue, the operating loss was ¥76 million, compared with an operating loss of ¥347 million in the same period of the previous year, as the NEDO project reduced the cost ratio. (Other) On the order front, overseas subsidiaries secured orders for motor-core annealing furnaces and annealing and normalizing furnaces for China, among others, and orders increased to ¥3,285 million, or 126.3% of the same period of the previous year. On the revenue side, overseas subsidiaries delivered motor-core annealing furnaces, annealing and normalizing furnaces and vacuum heat-treatment furnaces for China, among others, and revenue increased to ¥2,915 million, or 127.1% of the same period of the previous year. Operating profit was ¥87 million, compared with an operating loss of ¥15 million in the same period of the previous year, due to higher revenue.」
The Heat Treatment Business returned to operating profitability on higher orders and revenue. The Plant Business posted an operating loss as orders increased but revenue declined. The Development Business narrowed its loss as orders declined but revenue increased. Other returned to operating profitability as both orders and revenue increased.