FY2020-Q2First statedAnnual report
「(Energy) In terms of orders, the segment won contracts for stainless steel manufacturing equipment for China, energy-saving steel heating furnaces for Taiwan and heat-treatment equipment for automotive parts, among others. However, there were fewer large-scale projects than in the same period of the previous year, and order intake remained at ¥9,444 million, or 47.8% of the year-earlier level. On the revenue side, the segment delivered heat-treatment equipment for automotive parts, while work progressed on a continuous annealing line for copper strip, energy-saving heating furnaces for the steel industry, a continuous rubber-coating line for metal strip and a continuous annealing line for high-grade specialty steel sheet. Revenue therefore increased to ¥14,937 million, or 138.8% of the year-earlier level. Operating income was ¥855 million, compared with an operating loss of ¥5 million in the same period of the previous year. (Information and Communications) In terms of orders, the segment won contracts for precision coating equipment related to flexible displays for China, among others, but order intake remained at ¥948 million, or 54.4% of the year-earlier level, as the postponement of investment continued. On the revenue side, work progressed on the modification of heat-treatment equipment for thin glass for Vietnam and ovens related to flexible displays for the domestic market. However, partly because opening order backlog was low, revenue remained at ¥780 million, or 50.5% of the year-earlier level. The segment recorded an operating loss of ¥294 million, compared with an operating loss of ¥215 million in the same period of the previous year. (Environmental Protection) In terms of orders, the segment won contracts for regenerative exhaust-gas treatment equipment and rotary kilns for activated coke, among others, resulting in order intake of ¥1,215 million, or 76.4% of the year-earlier level. On the revenue side, the segment delivered regenerative exhaust-gas treatment equipment and rotary kilns for activated carbon, among others, resulting in revenue of ¥1,158 million, or 71.2% of the year-earlier level. Operating income was ¥25 million, or 61.4% of the year-earlier level. (Other) In terms of orders, overseas subsidiaries won contracts for equipment for stainless steel manufacturing facilities for China and regenerative exhaust-gas treatment equipment, among others, resulting in an increase to ¥1,835 million, or 124.7% of the year-earlier level. On the revenue side, the subsidiaries delivered heat-treatment equipment for automotive parts for China, among others, resulting in an increase in revenue to ¥1,851 million, or 106.2% of the year-earlier level. Operating income was ¥142 million, or 326.0% of the year-earlier level.」
The Energy segment recorded lower order intake but higher revenue and operating income. In Information and Communications, the postponement of investment led to lower order intake and revenue and a larger operating loss. The Environmental Protection segment recorded lower order intake and revenue, and operating income also fell below the year-earlier level, while Other recorded increases in order intake, revenue and operating income.