Business structure centered on the Tohoku and Hokkaido regions as its principal markets
First written in FY2016. 2 of 6 entries say "Worsened", first in FY2020. Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「In addition, geopolitical risks are intensifying and economic blocs are becoming more pronounced, further increasing uncertainty in the business environment.」
In addition to population decline and lower public works spending, the company cites geopolitical factors, including the formation of economic blocs, and recognizes that uncertainty in the business environment has increased further. - FY2024ReframedAnnual report
「The outlook for the Tohoku and Hokkaido regional economies, the principal markets for our Group's industrial gas, liquefied petroleum gas and industrial equipment businesses, is as follows. Continued declines in the total regional population are weakening regional purchasing power, and public works are also trending downward. In addition, raw material and fuel prices have surged owing to rising geopolitical risks, among other factors, and the business environment is expected to remain unpredictable.」
In addition to population decline and lower public works spending, the company cites surging raw material and fuel prices caused by geopolitical risks, continuing and expanding its assessment that the regional business environment will remain unpredictable. - FY2023ReframedAnnual report
「Continued declines in the total regional population are weakening regional purchasing power, and public works are also trending downward. In addition, raw material and fuel prices have surged owing to rising geopolitical risks, among other factors, and the business environment is expected to remain unpredictable.」
The previous challenges in the regional environment caused by population decline and lower public works spending have been compounded by geopolitical risks and surging raw material and fuel prices, updating the assessment to one of an uncertain outlook. - FY2022RestatedAnnual report
「Continued declines in the total regional population are weakening regional purchasing power, and public works are also trending downward. In addition, concerns about a renewed spread of the novel coronavirus disease cannot be dispelled, and the overall business environment is expected to remain challenging.」
The company continues to recognize the challenging business environment in the Tohoku and Hokkaido regions caused by population decline, lower public works spending and concerns about a renewed spread of the infectious disease. - FY2020WorsenedAnnual report
「The economy of the Tohoku and Hokkaido regions, our principal markets, has been significantly depressed, and the business environment is expected to remain more challenging than ever. Continued declines in the total regional population are weakening regional purchasing power, public works are also trending downward, and the spread of the novel coronavirus disease, COVID-19, has suppressed economic activity by restricting the movement of people and goods, resulting in a rapid slowdown in personal consumption.」
The outlook has shifted from expected growth in regional demand to recognition that the regional business environment is more challenging than ever because of population decline, lower public works spending and the slowdown in personal consumption caused by the spread of the infectious disease. - FY2016First statedAnnual report
「The economy of the Tohoku and Hokkaido regions, our Group's principal markets, is expected to benefit from continued public investment, with demand projected to increase, albeit moderately.」
The outlook is based on the regional economy and public investment as drivers of demand.