Fluctuations in packaging machinery sales due to ongoing projects being pushed into the second half

「However, some acceptance inspections for packaging machinery sales were delayed during the first quarter, and revenue recognition was pushed back to the second quarter and beyond. As a result, revenue was ¥644 million, down 18.9% from the same quarter a year earlier.」

「In the domestic market, although the company had begun to feel the impact of longer parts lead times, capital investment showed signs of recovery during the cumulative first quarter, as economic activity resumed, and revenue exceeded that of the same quarter a year earlier.」

「In the domestic market, although the impact of COVID-19 remained to some extent, acceptance inspections proceeded smoothly as economic activity resumed. In addition, sales of new models and maintenance revenue increased, resulting in revenue exceeding that of the same period a year earlier.」

「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 the economic downturn caused by the COVID-19 pandemic showed no sign of abating, sales volume declined due to deferred capital investment and delays in installation and acceptance inspections caused by travel restrictions associated with the spread of COVID-19. As a result, revenue was ¥1,751 million, down 6.6% from the same period a year earlier.」

「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 segment, as the economic downturn caused by the COVID-19 pandemic showed no sign of abating, sales volume declined due to weaker capital investment appetite and delays in installation and acceptance inspections caused by travel restrictions associated with the spread of COVID-19. As a result, revenue was ¥418 million, down 31.5% year on year.」

「In the packaging machinery segment, the company pursued proactive sales activities, including exhibiting at domestic and overseas trade shows and developing new customers. However, sales fell to ¥2,518 million, down 8.1% year on year, as the number of units sold declined due to delays in business discussions and installation schedules associated with the spread of COVID-19.」

「In the packaging machinery segment, the company pursued proactive sales activities, including exhibiting at domestic and overseas trade shows and developing new customers, in response to firm capital investment needs. However, because ongoing projects were pushed into the second half, sales were ¥1,249 million, down 1.6% from the same quarter of the previous year.」