Delay in New Furnace Orders and Decline in Product Shipments in Asia
First written in FY2017-Q1. 13 of 25 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2026.
Nippon Crucible moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2023: 6 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The engineering business achieved its plan, with large-scale projects concluded and progressing steadily, particularly in the industrial furnace business, centered on Freedom, a new-concept melting and holding furnace that can significantly suppress oxide formation inside the furnace.」
Against the previous risk of lower revenue from delayed orders for new furnaces, the conclusion and progress of large-scale projects centered on Freedom and achievement of the engineering business plan have been indicated. - FY2025-H1MitigatedAnnual report
「The industrial furnace business increased revenue 11.6% year on year to ¥455 million (9.4% of revenue), as orders for the new Freedom furnace progressed steadily.」
Against the previous risk of lower revenue from delayed orders for new furnaces, progress in orders for the Freedom furnace and higher revenue from the industrial furnace business have been indicated, reducing the risk. - FY2025-H1MitigatedAnnual report
「The industrial furnace business increased revenue 11.6% year on year to ¥455 million (9.4% of revenue), as orders for the new Freedom furnace progressed steadily.」
Against the previous risk of lower revenue from delayed orders for new furnaces, progress in orders for the Freedom furnace and higher revenue from the industrial furnace business have been indicated, reducing the risk. - FY2024-Q1MitigatedAnnual report
「The industrial furnace business increased revenue 11.8% year on year to ¥211 million (8.8% of revenue), as orders for the new Freedom furnace progressed steadily.」
Against the previous risk of lower revenue from delayed orders for new furnaces, orders for the Freedom furnace progressed steadily and the industrial furnace business increased revenue, reducing the risk. - FY2023-Q2MitigatedAnnual report
「The industrial furnace business increased revenue 6.2% year on year to ¥337 million (7.9% of revenue), supported by the completion of large-scale projects and other factors.」
The completion of large-scale projects and higher revenue have been indicated, reducing the previous risk of lower revenue from delayed orders for new furnaces. - FY2023-Q1MitigatedAnnual report
「The industrial furnace business increased revenue 32.0% year on year to ¥189 million (8.6% of revenue), supported by the successful conclusion and progress of large-scale projects.」
Higher revenue from the conclusion and progress of large-scale projects has been indicated, reducing the previous risk of lower revenue from delayed orders for new furnaces. - FY2021MaterialisedAnnual report
「In the melting furnace market within the engineering business, orders for the new Freedom furnace progressed steadily. However, orders for other new melting furnaces and similar products struggled because customers in Japan's automotive industry continued to operate at low levels and overseas customers put capital investment in melting furnaces on hold due to the COVID-19 pandemic. Revenue declined 26.3% from the previous fiscal year to ¥1,809 million (23.6% of revenue).」
Low customer operating levels and the postponement of overseas capital investment resulted in sluggish orders for new melting furnaces and a 26.3% year-on-year decline in revenue. - FY2021-Q3MaterialisedAnnual report
「In the melting furnace and environmental markets, orders for the new Freedom furnace progressed steadily, but sales of new melting furnaces and other products declined as customers in the automotive industry continued to operate at low levels through the second quarter.」
Although orders for the Freedom furnace progressed, lower sales of new melting furnaces and other products materialized because customers operated at low levels. Overseas-market sales also continued to decline as capital investment was put on hold and overseas sales activities were suspended. - FY2021-Q2MaterialisedAnnual report
「In the melting furnace and environmental markets, orders for the new Freedom furnace progressed, but furnace repair projects declined as customers continued to operate at low levels, resulting in lower construction revenue related to melting furnaces.」
Furnace repair projects declined because customers operated at low levels, reducing construction revenue related to melting furnaces. Delays in orders related to new furnaces also materialized as overseas customers put capital investment on hold. - FY2021-Q1MaterialisedAnnual report
「In overseas markets, net sales declined substantially to ¥119 million, representing 6.5% of net sales, a 47.4% year-on-year decrease, due in part to the inability to make overseas business trips because of the infectious disease outbreak.」
The previous risk of lower shipments in Asia materialized, with overseas travel becoming impossible due to infectious disease and overseas-market revenue declining significantly. - FY2020MaterialisedAnnual report
「In the melting furnace market within the engineering business, overseas orders and shipments, particularly to Thailand, remained firm in the first half. In the second half, however, customers postponed capital investment amid an economic downturn, and orders for new furnaces struggled both in Japan and overseas. Revenue declined 7.1% year on year to ¥2,454 million (26.5% of revenue).」
The previous risk of delays in orders for new furnaces materialized in the second half, with customers postponing capital investment and orders for new furnaces remaining sluggish. - FY2020-Q3MitigatedAnnual report
「Revenue from the melting furnace and environmental markets increased 10.4% year on year to ¥2,082 million (29.3% of revenue), mainly due to an increase in furnace repair projects. Revenue from overseas markets increased 5.3% year on year to ¥569 million (8.0% of revenue), mainly due to higher shipments to Thailand.」
Against the previous risks of delayed orders for new furnaces and lower shipments to Asia, higher revenue from increased furnace repair projects and shipments to Thailand has been indicated, reducing the related risks of lower revenue. - FY2020-Q2MitigatedAnnual report
「Revenue from the melting furnace and environmental markets increased 15.1% year on year to ¥1,559 million (31.4% of revenue), due to higher orders for new furnaces and furnace repair projects. Revenue from overseas markets increased 21.1% year on year to ¥429 million (8.6% of revenue), mainly due to large-scale projects in Asia.」
Against the previous risks of delayed orders for new furnaces and lower shipments to Asia, higher revenue from increased orders for new furnaces and furnace repair projects, as well as large-scale projects in Asia, has continued, further reducing the related risks. - FY2020-Q1MitigatedAnnual report
「Revenue from the melting furnace and environmental markets increased 3.8% year on year to ¥797 million (31.3% of revenue), mainly due to higher orders for new furnaces. Revenue from overseas markets increased significantly, by 65.0% year on year, to ¥226 million (8.9% of revenue), mainly due to large-scale projects in Asia.」
Against the previous risks of delayed orders for new furnaces and lower shipments to Asia, higher revenue from increased orders for new furnaces and large-scale projects in Asia has been indicated, reducing the related risks of lower revenue. - FY2019MitigatedAnnual report
「Revenue from the melting furnace and environmental markets increased 5.5% year on year to ¥2,846 million (29.3% of revenue), mainly due to higher orders for furnace construction products.」
Revenue has shifted from the previous decline caused by delayed orders for new furnaces to full-year growth driven by higher orders for furnace construction products, reducing the risk of order delays. - FY2019-Q3MitigatedAnnual report
「Sales to the melting furnace and environmental markets increased 9.2% year on year to ¥1,886 million, accounting for 26.4% of total sales, due mainly to an increase in orders for furnace construction.」
Against the previous risk of lower revenue from delays in orders for new furnaces, higher revenue from increased orders for furnace construction projects and other factors has been indicated, reducing the risk. - FY2019-Q2MitigatedAnnual report
「Sales to the melting furnace and environmental markets increased 10.8% year on year to ¥1,355 million, accounting for 28.3% of total sales, due mainly to the completion of large furnaces.」
Against the previous risk of lower revenue from delays in orders for new furnaces, higher revenue from the completion of large furnaces and other factors has been indicated, reducing the risk. - FY2019-Q1MitigatedAnnual report
「Sales to the melting furnace and environmental markets increased 29.4% year on year to ¥767 million, accounting for 31.5% of total sales, due mainly to an increase in orders for new furnaces.」
Against the previous risk of lower revenue from delays in orders for new furnaces, increased orders and revenue from new furnaces have been indicated, reducing the risk. - FY2018-Q3SoftenedAnnual report
「In overseas markets, net sales increased 2.2% year on year to ¥436 million, representing 6.7% of net sales, due mainly to higher shipments to North America.」
Overseas-market revenue has increased, mainly due to higher shipments to North America, in response to the previous decline in product shipments in Asia, weakening that risk. No new developments are described regarding delays in orders for new furnaces. - FY2018-Q2SoftenedAnnual report
「In overseas markets, sales increased, mainly in Asia, and net sales increased 17.4% year on year to ¥294 million, representing 6.8% of net sales.」
Overseas sales, mainly in Asia, have continued to increase in response to the previous decline in product shipments in Asia, weakening that risk. No new developments are described regarding delays in orders for new furnaces. - FY2018-Q1SoftenedAnnual report
「In overseas markets, sales increased, mainly in Asia, and net sales increased 20.6% year on year to ¥132 million, representing 6.3% of net sales.」
Overseas sales have turned upward in response to the previous risk of declining product shipments in Asia. However, this filing indicates no new developments regarding delays in orders for new furnaces. - FY2017SoftenedAnnual report
「Revenue from the melting furnace and environmental markets declined 11.5% year on year to ¥1,721 million (22.0% of revenue), mainly due to a decline in furnace construction projects. Revenue from overseas markets increased 2.2% year on year to ¥565 million (7.2% of revenue), mainly due to an increase in furnace repair projects in Asia.」
The revenue decline in the melting furnace and environmental markets remains, but overseas-market revenue turned upward as furnace repair projects in Asia increased, weakening the previous risk of lower shipments to Asia. - FY2017-Q3SoftenedAnnual report
「Revenue from the melting furnace and environmental markets declined 8.5% year on year to ¥1,160 million (20.3% of revenue), mainly due to delays in orders for new furnaces. Revenue from overseas markets increased 4.0% year on year to ¥426 million (7.4% of revenue), mainly due to higher shipments to North America.」
The revenue decline caused by delayed orders for new furnaces continued, but overseas-market revenue increased 4.0% year on year as higher shipments to North America replaced lower shipments to Asia. - FY2017-Q2RestatedAnnual report
「Revenue from the melting furnace and environmental markets declined 13.3% year on year to ¥822 million (21.6% of revenue), mainly due to delays in orders for new furnaces. Revenue from overseas markets declined 16.7% year on year to ¥250 million (6.6% of revenue), mainly due to lower product shipments in Asia.」
Delays in orders for new furnaces and lower shipments in Asia continued to reduce revenue on a cumulative quarterly basis. - FY2017-Q1First statedAnnual report
「Revenue from the melting furnace and environmental markets declined 10.7% year on year to ¥389 million (21.0% of revenue), mainly because orders for new furnaces were delayed. Revenue from overseas markets declined 30.2% year on year to ¥110 million (5.9% of revenue) due to lower product shipments in Asia.」
Delayed order timing and lower shipments to Asia resulted in lower revenue for the quarter.