Deteriorating order conditions due to fewer large-scale planned projects for customers and cost controls by project owners
First written in FY2017-Q1. 12 of 27 entries say "Materialised", first in FY2017. Latest entry: FY2025.
Kyowanissei moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 27 of 51 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although renovation work, including drainage pipe lining, work related to the Tokyo Metropolitan Waterworks Bureau, and plumbing and sanitary equipment work for housing and other properties declined, work based on the capital investment plan of 東京ガスネットワーク株式会社 remained strong.」
While declines continued in renovation work, waterworks bureau-related work, and plumbing and sanitary equipment, capital investment-related work for gas operators and some non-residential work remained strong, and the polarization of the order environment continued. - FY2025-H1MaterialisedAnnual report
「Although work related to the Tokyo Metropolitan Waterworks Bureau and plumbing and sanitary equipment work for apartment buildings and other properties declined, many large-scale projects were completed in work related to hot-water supply and heating systems in apartment buildings, projects associated with the capital investment plans of SHIZUOKA GAS CO.,LTD. and 東京電力パワーグリッド株式会社, and GHP (gas heat pump air-conditioning) work.」
While declines actually occurred in work related to the waterworks bureau and plumbing and sanitary equipment work for apartment buildings and other properties, large-scale projects were completed in other capital investment-related work and GHP work. - FY2024RestatedAnnual report
「Although large-scale projects declined in hot-water supply and heating work for apartment buildings and in GHP work, work based on the capital investment plans of gas utilities, including Tokyo Gas Network Co., Ltd., remained strong.」
While deteriorating order conditions continued in some areas, including the decline in large-scale projects, work related to gas utilities' capital investment and other areas was described as strong, indicating continued polarization in order conditions. - FY2024-Q3RestatedAnnual report
「Although large-scale projects declined in hot-water supply and heating work for apartment buildings and in GHP (gas heat pump air-conditioning) work, work based on the capital investment plans of gas utilities, including Tokyo Gas Network Co., Ltd., remained strong. In addition, gas equipment work for new buildings, work related to the Tokyo Metropolitan Government Bureau of Waterworks and renovation work, including drainage pipe lining, also remained strong.」
While the decline in large-scale apartment projects and large-scale GHP projects continued, work related to gas utilities' capital investment, gas equipment work for new buildings, work related to the Tokyo Metropolitan Government Bureau of Waterworks and renovation work were described as strong. - FY2024-Q2MaterialisedAnnual report
「Although large-scale projects declined in plumbing and sanitary equipment work for apartment buildings and other properties, and orders for GHP (gas heat pump air-conditioning) work remained weak, work based on the capital investment plans of gas utilities, including Hokkaido Gas Co., Ltd., remained strong. Orders for work related to the Tokyo Metropolitan Government Bureau of Waterworks and LCS (plumbing and drainage equipment for detached homes) also remained strong.」
The decline in large-scale apartment projects and weak orders for GHP work actually occurred. On the other hand, work related to gas utilities' capital investment, the Tokyo Metropolitan Government Bureau of Waterworks and LCS work were described as strong. - FY2024-Q1MitigatedAnnual report
「In addition to strong performance in work related to the Tokyo Metropolitan Government Bureau of Waterworks and conduit burial work associated with TEPCO Power Grid, Inc.'s capital investment plans, irrigation work at golf courses, including landscaping irrigation systems and equipment work for clubhouses and other facilities, also remained strong.」
Work related to water utilities, TEPCO Power Grid, Inc. and golf courses, which had previously been reported as facing difficult order conditions and declining work volumes, was reported to have performed well during the quarter. - FY2023MaterialisedAnnual report
「The utilization rate of work sites declined due to delays in site preparation and the operation of some sites being limited to certain days of the week, resulting in a decline in water utility-related work.」
Constraints on operations at the customer and worksite levels resulted in a full-year decline in water utility-related work. At the same time, the completion of a large TEPCO Power Grid project and a recovery in golf course-related demand were also reported. - FY2023-Q3MaterialisedAnnual report
「Although the volume of orders for water utility-related work declined, irrigation work at golf courses, including landscaping irrigation systems and equipment work for clubhouses and other facilities, remained firm, and a large conduit burial project associated with TEPCO Power Grid, Inc.'s capital investment plans was completed.」
Orders for water utility-related work actually declined. On the other hand, golf course-related work remained firm, and a large project related to TEPCO Power Grid, Inc. was completed. - FY2023-Q2MaterialisedAnnual report
「Although orders received declined for irrigation work at golf courses, including landscaping irrigation systems and equipment work for clubhouses and other facilities, and for private-sector civil engineering work, net sales amounted to ¥813 million, up 16.9% year on year, due to the completion of a large conduit burial project associated with TEPCO Power Grid, Inc.'s capital investment plans.」
Orders received actually declined for golf course-related and private-sector civil engineering work. On the other hand, the completion of a large project related to TEPCO Power Grid, Inc. brought net sales for the electrical equipment and civil engineering business as a whole to ¥813 million. - FY2023-Q1MaterialisedAnnual report
「Orders received declined for irrigation work at golf courses, including landscaping irrigation systems and equipment work for clubhouses and other facilities.」
Orders received actually declined for work related to customer facilities. The previous theme concerning project owners' order conditions was reflected in lower orders for golf course-related work. - FY2022RestatedAnnual report
「Conduit burial work associated with the capital investment plans of TEPCO Power Grid, Inc. and work related to cable maintenance are expected to continue facing difficult order conditions due to stringent cost-control measures by project owners.」
Difficult order conditions due to cost controls by project owners are expected to continue in the electrical equipment and civil engineering businesses. At the same time, demand was also indicated for redevelopment, barrier-free upgrades and the removal of utility poles. - FY2022-Q2MitigatedAnnual report
「Renovation work, including renovation work involving drainage pipe lining, which had been suspended in the previous fiscal year due to the spread of COVID-19, improved substantially.」
Renovation work, which had deteriorated due to the suspension of work associated with the spread of COVID-19, was also reported to have improved. - FY2022-Q2MitigatedAnnual report
「Irrigation work, including landscaping irrigation systems, which had been heavily affected by the spread of COVID-19 in the previous fiscal year, improved substantially.」
Irrigation work, which had deteriorated due to lower customer demand and frozen planned projects, was reported to have improved substantially from the previous fiscal year. - FY2021WorsenedAnnual report
「In irrigation work, including landscaping irrigation systems, the sharp drop in visitors to golf courses during the state of emergency led to the freezing or cancellation of budgets for planned projects. In addition, renovation work involving work in private homes, including drainage pipe lining, was also suspended.」
In addition to lower customer demand and the freezing of planned projects, renovation work was suspended to prevent infections, broadening the deterioration in order conditions across several areas. - FY2021-Q3WorsenedAnnual report
「In addition, due in part to the impact of the spread of COVID-19, orders received during the period amounted to ¥25,200 million, down ¥1,255 million, or 4.7%, year on year, while the order backlog stood at ¥18,115 million, down ¥145 million, or 0.8%, year on year. The reissuance of the state of emergency may also cause difficult order conditions to continue.」
The deterioration in customers' planned projects and ordering environment worsened with the spread of COVID-19 and the reissuance of the state of emergency, resulting in a 4.7% decline in orders received and a 0.8% decline in the order backlog. - FY2021-Q2MaterialisedAnnual report
「At customer companies, repair and maintenance work for factory facilities declined because factories were voluntarily shut down for a certain period to prevent the spread of COVID-19, while renovation work involving work in private homes was also suspended.」
Customer companies' voluntary suspension of factory operations and work at private homes actually resulted in lower repair and maintenance work for factory facilities and the suspension of renovation work. - FY2021-Q1WorsenedAnnual report
「As a result of the spread of COVID-19, the number of new detached homes started remained on a declining trend, large-scale renovation projects received declined, and at the same time, the sharp drop in visitors to golf courses led to planned projects being frozen or cancelled in irrigation work, including landscaping irrigation systems.」
In addition to the existing decline in customers' large-scale planned projects and deterioration in the ordering environment, the spread of COVID-19 led to fewer orders for large-scale projects and the freezing or cancellation of planned projects in several businesses. - FY2020-Q3MaterialisedAnnual report
「Renovation work, including renovation work involving miscellaneous drainage pipe lining, remained firm, as did plumbing and sanitary equipment work for new buildings, at approximately the previous year's level. However, large-scale planned projects declined in repair and maintenance work for factory facilities.」
Large-scale planned projects in repair and maintenance work for factory facilities actually declined during the cumulative third quarter period. - FY2019MaterialisedAnnual report
「Irrigation work volume declined because customer companies prioritized repairs to courses damaged by the July 2018 torrential rains and successive typhoons, while strict controls on order amounts continued, resulting in difficult order conditions.」
The combination of customer companies prioritizing disaster recovery and stricter controls on order amounts resulted in lower irrigation work volumes and difficult order conditions for the full fiscal year. - FY2019-Q3MaterialisedAnnual report
「Irrigation work at golf courses and other facilities, including landscaping irrigation systems, continued under difficult order conditions due to a decline in work volume resulting from customer companies prioritizing repairs to courses damaged by the July 2018 torrential rains and successive typhoons, together with stricter controls on order amounts.」
In addition to customer companies' prioritization of disaster recovery, stricter controls on order amounts resulted in difficult order conditions and lower work volumes in irrigation work. - FY2019-Q2MaterialisedAnnual report
「Irrigation work at golf courses and other facilities, including landscaping irrigation systems, declined in volume because customer companies prioritized repairing courses damaged by the July 2018 torrential rains and successive typhoons.」
As customer companies prioritized repairs for damage caused by torrential rains and typhoons, irrigation work volume actually declined. - FY2018WorsenedAnnual report
「Renovation work targeting existing condominiums, including renovation work involving drainage pipe lining, declined in volume due to the small number of projects carried forward from the previous fiscal year and intensifying competition. In addition, large and medium-sized projects generally declined in irrigation work, while large-scale planned projects at customers' factories decreased in repair and maintenance work for factory facilities.」
Difficult order conditions materialized in several areas, including renovation, factory facility repair and maintenance, and irrigation, in the form of intensifying competition and fewer large projects. - FY2018-Q2RestatedAnnual report
「Although repair and maintenance work related to water utilities and factory facilities continued to face difficult order conditions, plumbing and sanitary equipment work for new buildings remained firm, and the completion of a large project carried forward from the previous fiscal year in conduit burial work associated with TEPCO Power Grid, Inc.'s capital investment plans also contributed to firm performance.」
While difficult order conditions continued for water utility-related and factory facility repair and maintenance work, other work benefited from factors including the completion of large projects carried forward from the previous fiscal year. - FY2017MaterialisedAnnual report
「Conduit burial and electrical equipment maintenance work associated with the capital investment plans of TEPCO Power Grid, Inc. continued under difficult order conditions.」
Difficult order conditions actually arose during the period due to project owners' capital investment and cost conditions. - FY2017-Q3RestatedAnnual report
「Conduit burial and electrical equipment maintenance work associated with Tokyo Electric Power Company's capital investment plans also faced difficult order conditions as project owners continued to implement stringent cost-control measures.」
Difficult order conditions continued for work related to Tokyo Electric Power's capital investment due to cost controls by project owners. - FY2017-Q2RestatedAnnual report
「In repair and maintenance work for factory facilities, the decline in large-scale planned projects at customers' factories, together with conduit burial and electrical equipment maintenance work associated with Tokyo Electric Power Company's capital investment plans, left the company facing difficult order conditions as project owners continued to implement stringent cost-control measures.」
Difficult order conditions continued due to fewer large-scale planned projects for customers and cost controls by project owners. - FY2017-Q1First statedAnnual report
「In repair and maintenance work for factory facilities, the decline in large-scale planned projects at customers' factories, together with conduit burial and electrical equipment maintenance work associated with Tokyo Electric Power Company's capital investment plans, left the company facing difficult order conditions as project owners continued to implement stringent cost-control measures.」
Fewer planned projects and cost controls by customers resulted in genuinely difficult order conditions for building and civil engineering work.