Dependence on Domestic Capital Investment Trends
First written in FY2016. 19 of 25 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Yashima Denki moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 60 of 75 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026Capital investment continues and projects in each field are performing wellAnnual report
「In fiscal 2025, projects in the steel and non-ferrous metals sectors aimed at achieving carbon neutrality, including the installation of new power receiving and transforming equipment and the renewal of control systems, progressed as planned, and net sales remained strong.」
While dependence on domestic capital investment continued, energy-saving and labor-saving projects in the steel and non-ferrous metals sectors progressed as planned, and related demand remained strong. - FY2025Recovery in capital investment alongside delays in some projectsAnnual report
「Corporate appetite for capital investment remained firm, and maintenance and replacement work for aging equipment resumed. In the general industrial sector, large projects in pharmaceuticals, where demand for new drugs is increasing, and chemicals, which remained strong on semiconductor demand, progressed smoothly. In the public sector, planned waterworks and airport projects also progressed smoothly, and net sales remained firm.」
While a recovery was confirmed in maintenance and replacement work for aging equipment and projects in the pharmaceutical, chemical and public sectors, delays in some air-conditioning projects and production adjustments by major set manufacturers were also reported, with recovery and factors weighing on performance occurring concurrently. - FY2025-H1Recovery in capital investment alongside weakness in some projectsAnnual report
「Companies' appetite for capital investment remained firm, and maintenance and renewal work on aging facilities resumed. In the General Industries field, large-scale projects in the pharmaceutical field, where demand for new drugs is rising, and in the chemical field, which is performing well on semiconductor demand, progressed steadily, and sales remained strong. In the Air-Conditioning Equipment field, equipment construction projects progressed as scheduled, and special air-conditioning projects for data centers and large-scale air-conditioning equipment delivery projects also progressed steadily. However, sales remained sluggish due to a decline in equipment sales for the biopharmaceutical and scientific markets and the deferral of air-conditioning construction projects. In the Industrial Equipment field, signs of a recovery in capital investment were visible, but sales remained sluggish as redevelopment projects, mainly in the Tokyo metropolitan area, declined and production adjustments by major turnkey manufacturers continued.」
While appetite for capital investment and the replacement of aging equipment are recovering, delays in air-conditioning projects, fewer redevelopment projects, and production adjustments by major set manufacturers are also weighing on sales. - FY2024-Q3RestatedAnnual report
「As maintenance and renewal work on aging facilities postponed during the COVID-19 pandemic resumed, renewal work on factory production equipment and utility equipment in the General Industries field progressed steadily, and sales remained firm.」
This reconfirms that the resumption of postponed maintenance and renewal work on aging facilities and improved project progress supported firm sales in the General Industries field. - FY2024-Q2Recovery in capital investment and improved project progressAnnual report
「Companies' appetite for capital investment remained firm. As maintenance and renewal work on aging facilities that had been postponed during the COVID-19 pandemic resumed, renewal work on factory production equipment and utility equipment in the General Industries field progressed steadily, and sales remained firm.」
Regarding the risk of dependence on domestic capital investment, the Company stated that postponed maintenance and renewal work on aging facilities had resumed and projects in the General Industries field were progressing steadily. Meanwhile, in the Transportation business, some projects were pushed back due to longer lead times for maintenance equipment. - FY2023MaterialisedAnnual report
「In the General Industries field, orders remained firm as companies' capital investment plans progressed steadily, but sales remained sluggish due to the postponement of large-scale equipment construction projects.」
Dependence on domestic capital investment and large-scale equipment projects continued to be reflected in results as sluggish sales in the General Industries field due to the postponement of large-scale equipment construction projects. - FY2023-Q3MaterialisedAnnual report
「In the Steel and Nonferrous Metals fields, orders remained strong against a backdrop of increased capital investment in the Nonferrous Metals field, but sales remained sluggish due to the renewal of aging facilities and the decline in large-scale investment projects in the Steel field, among other factors.」
The renewal of aging facilities and the decline in large-scale investment projects in the Steel field continue to be reflected in results as sluggish sales in the Plant business. - FY2023-Q1MaterialisedAnnual report
「In the Steel and Nonferrous Metals fields, orders remained strong, but despite improving market conditions and progress in facility consolidation, sales remained sluggish due to the impact of the decline since the previous year in large-scale investment projects in the Steel field aimed at renewing aging facilities and improving production efficiency.」
The decline in large-scale investment projects in the Steel field aimed at renewing aging facilities and improving production efficiency continues to be reflected in results as sluggish sales in the Plant business. - FY2022MaterialisedAnnual report
「In the Plant business, the Company provides systems combining state-of-the-art equipment with 八洲's solution technology to meet needs such as energy conservation, higher efficiency and enhancement of equipment-related infrastructure through the renewal of aging facilities. In fiscal 2021, performance remained sluggish due to a decline in large-scale investment projects aimed at renewing aging facilities and improving production efficiency, as well as delays in the recovery of domestic demand caused by COVID-19 and other factors.」
The decline in large-scale capital investment projects and the delayed recovery in domestic demand were reflected in the sluggish performance of the Plant business in FY2022. - FY2022-Q3MaterialisedAnnual report
「In the Steel and Nonferrous Metals fields, market conditions in the Steel field improved and consolidation of facilities progressed, but sales remained sluggish due to a decline in large-scale investment projects aimed at renewing aging facilities and improving production efficiency.」
The decline in large-scale investment projects aimed at renewing aging facilities and improving production efficiency continues to be reflected in results as sluggish sales in the Plant business. - FY2022-Q2MaterialisedAnnual report
「In the Steel and Nonferrous Metals fields, sales remained sluggish due to the impact of facility shutdowns and other effects associated with the restructuring of the steel business, as well as a decline in large-scale investment projects aimed at renewing aging facilities and improving production efficiency.」
Facility shutdowns and the decline in large-scale investment projects continue to be reflected in results as sluggish sales in the Plant business. - FY2022-Q1MaterialisedAnnual report
「In the Oil, Chemical and Gas fields, construction projects for the maintenance and management of facilities progressed as planned, but sales remained sluggish as large-scale investment projects declined due to the delayed recovery in domestic and overseas demand associated with COVID-19.」
The delayed recovery in demand associated with COVID-19 and the decline in large-scale investment projects continued to be reflected in results as sluggish sales in the Oil, Chemical and Gas fields. - FY2021MaterialisedAnnual report
「In the Industrial Equipment field, sales remained sluggish due to deteriorating market conditions caused by the spread of COVID-19, including reduced production by turnkey manufacturers related to industrial machinery and the postponement of redevelopment projects, mainly in the Tokyo metropolitan area.」
Reduced production by turnkey manufacturers related to industrial machinery and the postponement of redevelopment projects occurred, and dependence on domestic capital investment trends has appeared as sluggish sales. - FY2021-Q3MaterialisedAnnual report
「In the Oil, Chemical and Gas fields, sales remained sluggish due to the continued impact of declining domestic fuel demand and falling crude oil prices in the oil field, as well as the postponement of customers' investment projects.」
The decline in domestic fuel demand, falling crude oil prices and postponement of customers' investment projects are cited as the impact of dependence on capital investment trends reflected in results. - FY2021-Q1MaterialisedAnnual report
「In the Industrial Equipment field, sales remained sluggish due to deteriorating market conditions caused by COVID-19, including reduced production by turnkey manufacturers related to industrial machinery and delays in redevelopment projects in the electrical equipment industry.」
Deteriorating market conditions caused by the infection, reduced production by turnkey manufacturers and delays in redevelopment projects occurred, and dependence on capital investment trends was reflected in results as sluggish sales. - FY2020-Q2MaterialisedAnnual report
「In the Industrial Equipment field, production adjustments by turnkey manufacturers related to industrial machinery occurred, but sales remained strong due to the continuation of redevelopment projects, mainly in the Tokyo metropolitan area.」
Production adjustments by turnkey manufacturers related to industrial machinery actually occurred, showing the risk of dependence on capital investment trends in the business environment, while redevelopment projects offset the impact. - FY2020-Q1MaterialisedAnnual report
「In the Steel field, the schedules of some large-scale projects were revised, changing the timing of revenue recognition, and sales therefore remained sluggish.」
Revisions to the schedules of large-scale projects and changes in the timing of revenue recognition occurred, and the risk of dependence on capital investment and large-scale project trends has appeared in results as sluggish sales in the Steel field. - FY2019MaterialisedAnnual report
「Net sales amounted to ¥69,828 million, down 5.0% year on year, due mainly to the deferral of large-scale construction projects in the Steel and Nonferrous Metals fields of the Plant business to the following fiscal year, the fiscal year ending March 2020.」
The deferral of large-scale construction projects to the following fiscal year occurred, and dependence on capital investment and large-scale project trends was reflected in results as a decline in net sales. - FY2019-Q3MaterialisedAnnual report
「In the Oil, Chemical Plant and Nonferrous Metals fields, sales remained sluggish because the Company was unable to offset the previous year's large-scale oil-related repair work and overseas equipment maintenance projects, among others.」
The continued inability to offset the previous year's large-scale repair work and equipment maintenance projects has been reflected in results as sluggish sales in the Plant business. - FY2019-Q2MaterialisedAnnual report
「In the Oil, Chemical Plant and Nonferrous Metals fields, sales remained sluggish because the Company was unable to offset the previous year's large-scale oil-related repair work and chemical-related renewal projects.」
The inability to offset the previous year's large-scale repair and renewal projects has reflected the business's dependence on capital investment and large-scale project trends in sluggish sales. - FY2018-Q2MaterialisedAnnual report
「In the Steel field, some equipment renewal projects were postponed, but sales remained firm due to the conversion of factory lighting to LEDs and the acceleration of projects scheduled for completion in the second half of the fiscal year.」
Although some equipment renewal projects were postponed, sales across the Plant business remained firm due to LED conversions and the acceleration of projects. - FY2018-Q1MaterialisedAnnual report
「In the Steel field, sales of equipment-related renewal projects and parts were recorded, but sales remained sluggish because large-scale equipment projects were postponed.」
The postponement of large-scale equipment projects continues to be reflected in results as sluggish sales in the Steel field. - FY2017-Q3MaterialisedAnnual report
「In the Oil and Nonferrous Metals fields, there were large-scale equipment renewal and repair projects for the Chugoku and Shikoku regions, but sales remained sluggish due to the downturn across the overall market.」
The downturn across the overall market has materialized as sluggish sales in the Oil and Nonferrous Metals fields, and the risk of dependence on capital investment trends continues to be reflected in results. - FY2017-Q2MaterialisedAnnual report
「In the Oil and Nonferrous Metals fields, sales from a large-scale renewal project at a copper smelter were recorded, but sales remained sluggish due to a decline in large-scale capital investment projects in the oil and gas industry.」
The decline in large-scale capital investment projects in the oil and gas industry has materialized as sluggish sales in part of the Plant business. - FY2016First statedAnnual report
「Accordingly, if domestic capital investment trends deteriorate or market conditions in the industries served by the Group's major customers deteriorate, the Group's financial position and operating results may be affected.」
The Company explained that the Plant, Industrial Systems and Social Infrastructure businesses are linked to capital investment in steel, chemicals, transportation, public services and other sectors.