Indonesia's economic slowdown and declining demand for automobiles and motorcycles
First written in FY2017-Q2. 10 of 25 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1MaterialisedAnnual report
「In the nonionic surfactants field, orders for fabrics for toweling to the Middle East remained firm, but revenue from external customers was ¥201 million, down 27.5% year on year, partly due to some customers affected by flooding in Indonesia in March suspending orders for certain textile oils.」
Some customers affected by flooding in Indonesia did in fact suspend certain orders, and revenue from nonionic surfactants declined 27.5% year on year. - FY2023-Q3AdvancedAnnual report
「In Indonesia, revenue from external customers for the first 9 months of the fiscal year was ¥659 million, up 50.8% year on year, while segment profit (operating profit) was ¥44 million, up 146.0% year on year. In the nonionic surfactants field, sales of existing products were declining due to market contraction and difficulties in procuring raw materials, but sales of newly adopted products more than offset the decline.」
In the Indonesia business, revenue increased 50.8% year on year and segment profit increased 146.0%. Sales of newly adopted products more than offset the decline in existing products, indicating concrete progress in the business recovery. - FY2023-Q2AdvancedAnnual report
「In Indonesia, revenue from external customers for the first half of the fiscal year was ¥422 million, up 52.2% year on year, while segment profit (operating profit) was ¥28 million, up 40.2% year on year. In the nonionic surfactants field, sales volumes were recovering steadily and were beginning to return to pre-pandemic levels.」
In the Indonesia business, revenue increased 52.2% year on year and segment profit increased 40.2%, with concrete progress shown by sales volumes of nonionic surfactants beginning to return to pre-pandemic levels. - FY2023-Q1AdvancedAnnual report
「In Indonesia, revenue from external customers for the first quarter of the fiscal year was ¥212 million, up 62.7% year on year, while segment profit (operating profit) was ¥16 million, up 65.8% year on year. In the nonionic surfactants field, operations at customers’ factories were recovering and the adoption of refining and processing agents by new customers also contributed, bringing the business gradually back to pre-pandemic levels.」
In the Indonesia business, revenue increased 62.7% year on year and segment profit increased 65.8%, indicating concrete progress from the recovery in customer factory operations and the adoption of refining and processing agents by new customers. - FY2022Full-year revenue increased, but profit declined and recovery remained incompleteAnnual report
「In Indonesia, revenue from external customers for the fiscal year was ¥612 million, up 30.0% year on year, while segment profit (operating profit) was ¥21 million, down 51.4% year on year.」
In the Indonesia business, full-year revenue increased 30.0% year on year, while segment profit declined 51.4%. Although customer production and some demand showed signs of recovery, the disclosure stated that they had not returned to pre-pandemic levels. - FY2022-Q3Profit declined despite a recovery in customer production and higher revenueAnnual report
「In Indonesia, revenue from external customers for the first 9 months of the fiscal year was ¥437 million, up 30.5% year on year, while segment profit (operating profit) was ¥18 million, down 48.9% year on year. In particular, oils for industrial materials showed signs of recovery, and production volumes at many customers were also beginning to return to pre-pandemic levels.」
In Indonesia, customer production volumes were beginning to return to pre-pandemic levels, and revenue increased 30.5% year on year. Segment profit, however, declined 48.9% year on year. - FY2022-Q2Profit declined despite the resumption of customer operations and a recovery in exportsAnnual report
「In the field of polymers, inorganic products and other products, sales volumes increased as some domestic customers resumed operations, and exports were also on a recovery trend. However, revenue from external customers was ¥88 million, down 6.6% year on year.」
In Indonesia, some domestic customers resumed operations and exports showed signs of recovery, while revenue in this field declined 6.6% year on year. - FY2022-Q1Domestic market remains weak despite a recovery in some fields and exportsAnnual report
「Production volumes at many customers are beginning to recover from the decline caused by COVID-19, and sales of oils for industrial materials in particular continued to perform well.」
In Indonesia, customer production volumes were beginning to recover, and oils for industrial materials performed well. However, segment revenue was ¥130 million, down 3.3% year on year, while segment profit was ¥9 million, down 32.3%. - FY2021Full-year revenue declined as exports were maintained but domestic operations remained weakAnnual report
「In the field of polymers, inorganic products and other products, shipment volumes declined substantially because most customers had suspended operations, while export shipment volumes were almost unchanged from the previous year. Consequently, revenue from external customers was ¥172 million, down 42.8% year on year.」
In Indonesia, shipment volumes declined substantially because domestic customers suspended operations, while export volumes were maintained at about the previous year’s level. Full-year revenue was ¥470 million, down 32.6% year on year, while segment profit was ¥44 million, up 85.3%. - FY2021-Q3Revenue declined for the full year despite a recovery in exports, due to weak domestic operationsAnnual report
「In the nonionic surfactants field, sales declined because many customers were operating at roughly half capacity, although sales of oils for industrial materials are gradually recovering. In the field of polymers, inorganic products and other products, economic activity in Japan declined due to the implementation of large-scale social restrictions. As a result, many customers suspended operations, causing a substantial decline in sales volumes. Exports, however, are gradually returning to the previous year’s level.」
In Indonesia, sales declined as customers reduced operations or suspended them, while oils for industrial materials and exports showed gradual signs of recovery. Full-year revenue declined 34.6% year on year. - FY2021-Q2WorsenedAnnual report
「In Indonesia, the Minister of Health Regulation No. 9 of 2020, concerning large-scale social restrictions in response to COVID-19, was enacted to prevent the spread of infection, forcing companies to suspend operations. The factories resumed operations with government approval, but business remained sluggish because many domestic customers had suspended operations. Consequently, revenue from external customers was ¥241 million, down 31.7% year on year.」
In Indonesia, business activity was suspended under statutory large-scale social restrictions, and customers continued to suspend operations even after the factories reopened. Revenue declined 31.7% year on year, while segment profit increased 794.7% to ¥31 million from the low level recorded in the same period a year earlier. - FY2021-Q1WorsenedAnnual report
「In the field of polymers, inorganic products and other products, production bases have been relocated overseas, lowering domestic production volumes. In addition, customers’ factories suspended operations due to the impact of COVID-19, resulting in lower sales volumes. Consequently, revenue from external customers was ¥51 million, down 37.4% year on year.」
In Indonesia, domestic production volumes declined following the relocation of production overseas, while customers’ factory shutdowns due to COVID-19 also led to declines in sales volumes and revenue. - FY2020-Q3RestatedAnnual report
「In Indonesia, revenue from external customers for the first 9 months of the fiscal year was ¥512 million, down 6.2% year on year, while segment profit (operating profit) was ¥16 million, down 13.2% year on year.」
The weakness in the Indonesia business continued, with revenue down 6.2% year on year and segment profit down 13.2%. The disclosure also cites production adjustments by certain customers and weak domestic production volumes. - FY2020-Q2WorsenedAnnual report
「In Indonesia, revenue from external customers for the first half of the fiscal year was ¥354 million, down 0.8% year on year, while segment profit (operating profit) was ¥3 million, down 75.0% year on year.」
In the Indonesia business, revenue declined 0.8% year on year and segment profit declined 75.0% year on year, widening from the 37.2% decline in the previous quarter. Lower operating levels at dyeing plants due to tighter factory wastewater regulations and reduced use of sizing agents also continued. - FY2020-Q1WorsenedAnnual report
「In Indonesia, revenue from external customers for the first quarter of the fiscal year was ¥181 million, down 5.6% year on year, while segment profit (operating profit) was ¥5 million, down 37.2% year on year.」
In the Indonesia business, revenue declined 5.6% year on year and segment profit declined 37.2% year on year, with the impact of the weak performance continuing. The disclosure also cites lower production at dyeing plants and a decline in sales volumes due to tighter factory wastewater regulations. - FY2019RestatedAnnual report
「In Indonesia, revenue from external customers for the fiscal year was ¥731 million, down 6.3% year on year, while segment profit (operating profit) was ¥21 million, down 51.9% year on year.」
The full-year results confirmed the weakness in the Indonesia business, with revenue down 6.3% year on year and segment profit down 51.9%. - FY2019-Q3WorsenedAnnual report
「In Indonesia, revenue from external customers for the cumulative consolidated third quarter was ¥545 million, down 4.9% year on year, and segment profit (operating profit) was ¥18 million, down 52.0% year on year.」
In the Indonesia business, revenue declined 4.9% year on year and segment profit declined 52.0% year on year, with the decline in profit widening from the previous quarter. The disclosure also cites production adjustments due to tighter wastewater regulations and lower use of sizing agents due to soaring yarn prices. - FY2019-Q2RestatedAnnual report
「In Indonesia, revenue from external customers for the cumulative consolidated second quarter was ¥357 million, down 7.4% year on year, and segment profit (operating profit) was ¥13 million, down 48.2% year on year.」
The weakness in the Indonesian business continued, with revenue down 7.4% year on year and segment profit down 48.2%. - FY2019-Q1WorsenedAnnual report
「In Indonesia, revenue from external customers for the cumulative consolidated first quarter was ¥192 million, down 3.7% year on year, and segment profit (operating profit) was ¥8 million, down 50.0% year on year.」
In the Indonesian business, revenue declined 3.7% year on year and segment profit declined 50.0%, indicating that the weakness continued. The company also reports weak demand from the Middle East and lower profit margins because of soaring raw material prices. - FY2018WorsenedAnnual report
「In Indonesia, revenue from external customers for the consolidated fiscal year was ¥781 million, down 10.4% year on year, and segment profit (operating profit) was ¥44 million, down 44.2% year on year.」
Full-year revenue in the Indonesian business declined 10.4% year on year and segment profit declined 44.2%, indicating that the effects of lower sales volumes and price declines caused by competition, previously reported through the preceding quarter, also affected full-year results. - FY2018-Q3WorsenedAnnual report
「In Indonesia, revenue from external customers for the cumulative consolidated third quarter was ¥573 million, down 3.5% year on year, and segment profit (operating profit) was ¥38 million, down 32.4% year on year.」
In the Indonesian business, revenue declined 3.5% year on year and segment profit declined 32.4%. The company also reports lower sales volumes and a decline in selling prices because of competition from other companies. - FY2018-Q2RestatedAnnual report
「Textile production has remained sluggish because of weak domestic consumption and poor exports in Indonesia.」
Sluggish textile production caused by weak domestic consumption and poor exports in Indonesia is continuing. - FY2018-Q1WorsenedAnnual report
「Continued sluggish user production has resulted from weak domestic consumption in Indonesia, imports of low-priced products from China and poor exports.」
The company states that, in addition to Indonesia’s economic weakness, imports of low-priced products from China and poor exports have contributed to sluggish user production, broadening the range of factors affecting results. - FY2017-Q3WorsenedAnnual report
「In addition, sluggish economic conditions in Indonesia reduced new-vehicle sales of automobiles and motorcycles, while replacement demand also declined, resulting in lower sales volumes of tire release agents and other products.」
The impact of Indonesia’s economic weakness has become more specific, with declining replacement demand identified in addition to lower new-vehicle sales, affecting sales volumes of tire release agents and other products. - FY2017-Q2First statedAnnual report
「The Indonesian economy remained weak, reducing sales of new automobiles and motorcycles and tire demand, which led to lower sales volumes of tire-release agents and other products.」
The company reported that economic weakness in Indonesia affected sales volumes through lower new-vehicle sales and tire demand.