Decline in Packaging Machinery Demand Following the Completion of South Korean Companies' Capital Investment Cycle

「海外市場では、東アジア地域で大口案件の獲得により、販売台数が増加しました。米州地域についても販売台数が増加し、円安による為替影響も加わり、売上高は前年同期を上回りました。」

「In overseas markets, unit sales declined and sales fell below those of the same period of the previous year due to a reactionary decline following large orders in East Asia in the previous year and a lack of strength in corporate capital investment appetite in the Americas.」

「In overseas markets, sales exceeded those of the same period of the previous year, reflecting firm capital investment appetite in the Americas and, as in the packaging film segment referred to above, the foreign exchange impact of the weaker yen. As a result, sales were ¥4,040 million, up 18.9% year on year.」

「In overseas markets, sales exceeded those of the same period of the previous year, reflecting the impact of expanding demand, as in the film segment referred to above, together with the foreign exchange impact of the weaker yen. As a result, sales were ¥1,838 million, up 22.3% year on year.」

「In overseas markets, although there were large orders in East Asia, capital investment appetite in the Americas failed to strengthen, partly due to monetary tightening and other factors, leaving unit sales sluggish and sales below those of the same quarter of the previous year.」

「In the packaging machinery segment, domestic sales exceeded those of the same quarter of the previous year as unit sales increased. In overseas markets, although there were large orders in East Asia, unit sales in the Americas remained sluggish as companies postponed capital investment in response to monetary tightening, and sales fell below those of the same quarter of the previous year. As a result, sales were ¥1,503 million, down 1.9% from the same quarter of the previous year.」

「In Japan, the number of units sold remained sluggish, while overseas unit sales increased steadily. Together with the foreign-exchange impact of the weaker yen, this resulted in sales exceeding those in the same quarter of the previous year, with sales of ¥1,531 million, up 11.5% year on year.」

「In overseas markets, sales in East Asia and ASEAN fell below the same period of the previous year as sales activities were restricted by the spread of COVID-19, resulting in fewer orders. In the Americas, unit sales increased as individual packaging of seasonings and other products advanced due to greater attention to hygiene during the COVID-19 pandemic, while our packaging machinery brand continued to gain recognition. As a result, total overseas sales exceeded those of the same period of the previous year.」

「Although macroeconomic conditions were challenging in all countries, sales in the packaging machinery segment exceeded the same period of the previous year in the Americas, where demand for investment in filling machinery increased as seasonings and other products shifted toward individual packaging due to greater attention to hygiene during the COVID-19 pandemic, and in the ASEAN region, where our packaging machinery brand continued to gain recognition. In Japan and East Asia, however, as an exit from the economic downturn caused by the COVID-19 pandemic remained out of sight, unit sales declined due to the postponement of capital investment and delays in installation and acceptance inspections resulting from mobility restrictions associated with the spread of COVID-19. Sales therefore fell below the same period of the previous year. As a result, sales were ¥2,334 million, down 7.3% year on year.」

「In the packaging machinery segment, as an exit from the economic downturn caused by the COVID-19 pandemic remained out of sight, unit sales declined due to the postponement of capital investment and delays in installation and acceptance inspections resulting from mobility restrictions associated with the spread of COVID-19. As a result, sales were ¥999 million, down 20.0% from the same quarter of the previous year.」

「In the packaging machinery division, we pursued active sales activities, including exhibiting at trade shows in Japan and overseas and developing new customers. As a result of increased sales volumes in Asia, sales were ¥1,876 million, up 0.6% year on year.」

「In the packaging machinery segment, the company pursued active sales initiatives, including exhibiting at trade shows in Japan and overseas and developing new customers, in response to resilient capital investment demand. As a result, sales were ¥610 million, up 11.4% year on year.」

「In the packaging machinery segment, the company steadily expanded orders in Japan through ongoing efforts to deepen relationships in response to resilient capital investment demand, while overseas it developed new customers through active participation in trade shows and continued to perform steadily. As a result, sales were ¥2,741 million, up 15.9% year on year.」

「In the packaging machinery segment, the company pursued active sales initiatives, including exhibiting at trade shows in Japan and overseas and developing new customers, in response to resilient capital investment demand. As a result, sales were ¥1,865 million, up 32.5% year on year.」

「In the packaging machinery segment, the company pursued active sales initiatives, including exhibiting at trade shows in Japan and overseas and developing new customers, in response to resilient capital investment demand. As a result, sales were ¥1,269 million, up 33.1% year on year.」

「In the packaging machinery segment, the company pursued active sales initiatives, including exhibiting at trade shows in Japan and overseas and developing new customers, in response to resilient capital investment demand. As a result, sales were ¥548 million, up 32.6% year on year.」

「In the packaging machinery segment, although there were negative factors, including the termination of preferential tax measures such as the tax incentive for promoting investment in productivity-enhancing equipment, which remained in effect through the end of the previous fiscal year, and the completion of South Korean companies’ equipment investment plans, the Company pursued proactive sales activities, including exhibiting at trade shows in Japan and overseas and developing new customers. As a result, sales were ¥2,365 million, up 0.4% year on year.」

「In the packaging machinery segment, the Company pursued proactive sales activities, including exhibiting at trade shows in Japan and overseas and developing new customers. As a result, it minimized the negative impact of the termination of preferential tax measures, including the tax incentive for promoting investment in productivity-enhancing equipment, which remained in effect through the end of the previous fiscal year, and the completion of South Korean companies’ equipment investment plans.」

「In the packaging machinery segment, we pursued proactive sales activities, including exhibiting at trade shows in Japan and overseas and developing new customers. As a result, we kept negative factors, including the discontinuation at the end of the previous fiscal year of tax incentives such as the tax credit for promoting investment in productivity-enhancing equipment, as well as the completion of South Korean companies' capital investment plans, to a minimum. As a result, sales in the packaging machinery segment were ¥953 million, down 2.6% year on year.」

「In the packaging machinery segment, we pursued proactive sales activities, including exhibiting at trade shows in Japan and overseas and developing new customers. However, South Korean companies' capital investment plans had run their course, and sales fell below those of the same quarter of the previous year. As a result, sales in the packaging machinery segment were ¥413 million, down 13.4% year on year.」