Decline in Shipbuilding Industry Orders and Vessels Under Construction and Weak Demand for Marine Thermal Insulation Materials
First written in FY2018-Q2. 9 of 28 entries say "Restated". Latest entry: FY2026.
A&A Material moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 6 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In the marine-related business, shipments of thermal insulation materials and ancillary materials for car carriers remained strong as newbuilding increased. Adoption also increased for marine products other than thermal insulation materials, including noise-control flooring for cement bulk carriers, abrasion-resistant steel products and heat-shielding and thermal insulation coatings, resulting in firm revenue.」
Increased newbuilding supported strong shipments of thermal insulation materials and ancillary materials, while adoption of marine products other than thermal insulation materials also increased. The risk associated with weak shipbuilding demand has eased further. - 2026-05-08MitigatedEarnings
「In the marine-related business, shipments of thermal insulation materials and ancillary materials for car carriers remained strong as newbuilding increased. Adoption also increased for marine products other than thermal insulation materials, including noise-control flooring for cement bulk carriers, abrasion-resistant steel products and heat-shielding and thermal insulation coatings, resulting in firm revenue.」
新造船建造の増加と船用製品の採用増加により、船舶向け需要の改善を記載している。 - FY2026-H1MitigatedAnnual report
「In the marine-related business, the shipbuilding market showed active movement against a backdrop of rising demand, with major domestic shipyards securing newbuilding orders extending 3 years into the future. Accordingly, sales of thermal insulation materials and ancillary materials for vessels remained firm.」
The previous situation of weak construction volumes and orders at domestic shipyards has improved, with major domestic shipyards securing newbuilding orders extending 3 years into the future and sales of thermal insulation materials and ancillary materials remaining firm. - FY2025MitigatedAnnual report
「In the marine-related business, newbuilding in Japan was recovering, shipments of thermal insulation materials and ancillary materials for car carriers increased, and the company worked to pass soaring costs for various materials and transportation on to selling prices, resulting in higher revenue.」
The company reported a recovery in newbuilding and increased shipments of thermal insulation materials and ancillary materials for car carriers, indicating that the impact of previously weak marine demand has eased. - FY2025-H1MitigatedAnnual report
「In the marine-related business, construction at domestic shipyards was recovering, sales of thermal insulation materials and ancillary materials for car carriers remained strong, and efforts to pass soaring costs for various materials and transportation on to selling prices resulted in a substantial increase in revenue.」
After a period of difficult newbuilding conditions, construction at domestic shipyards began to recover and sales of thermal insulation materials and ancillary materials for car carriers strengthened. - FY2024MitigatedAnnual report
「In the marine-related business, newbuilding in Japan was recovering, shipments of thermal insulation materials and ancillary materials for car carriers increased, and the company worked to pass soaring costs for various materials and transportation on to selling prices, resulting in higher revenue.」
In contrast to the previous weakness in newbuilding and thermal insulation material demand, newbuilding began to recover and shipments of thermal insulation materials and ancillary materials for car carriers increased. - FY2024-Q3RestatedAnnual report
「In the marine-related business, shipments of thermal insulation materials and ancillary materials increased due to the construction of car carriers and other vessels, but the rapid appreciation of the euro affected the procurement cost of thermal insulation materials.」
Higher shipments of thermal insulation materials and ancillary materials due to construction of car carriers and other vessels coexisted with the impact of the stronger euro on procurement prices for thermal insulation materials. - FY2024-Q2Higher shipments alongside rising procurement costs due to the stronger euroAnnual report
「In the marine-related business, shipments of thermal insulation materials and ancillary materials increased due to the construction of car carriers and other vessels, but the rapid appreciation of the euro affected procurement prices for thermal insulation materials.」
The company explains that shipments of thermal insulation materials and ancillary materials increased due to construction of car carriers and other vessels, while the stronger euro affected procurement prices for thermal insulation materials. - FY2024-Q1Revenue broadly flat amid difficult newbuilding conditions through price revisions and other measuresAnnual report
「In the marine-related business, difficult conditions for newbuilding continued, but revenue remained broadly flat as price revisions for thermal insulation materials and ancillary materials took effect and shipments of thermal insulation materials for series-built vessels increased.」
While difficult conditions for newbuilding continued, revenue remained broadly flat as price revisions for thermal insulation materials and ancillary materials took effect and shipments for series-built vessels increased. - FY2023-Q3MitigatedAnnual report
「In the Marine Division, shipments of thermal insulation materials and high-margin products increased despite the decline in the number of vessels built at domestic shipyards, resulting in higher revenue and profit.」
While the decline in the number of vessels built at domestic shipyards continued, higher shipments of thermal insulation materials and high-margin products enabled the Marine Division to achieve higher revenue and profit, partially mitigating the impact of weak demand. - FY2023-Q2MitigatedAnnual report
「In the marine-related business, newbuilding orders at domestic shipyards remained at low levels and difficult business conditions continued due to soaring prices for various materials and transportation. However, revenue and profit increased as the product range diversified and the price revisions implemented in April took effect.」
While low newbuilding order levels and high material and transportation costs continued, the marine-related business achieved higher revenue and profit as a result of product diversification and the April price revisions taking effect, partially mitigating the impact of weak demand. - FY2023-Q1MitigatedAnnual report
「In the marine-related business, shipments of thermal insulation materials increased as construction starts continued, and revenue remained firm following price revisions.」
The company explains that shipments of marine thermal insulation materials increased as construction starts continued and following price revisions, while revenue remained firm. This indicates an improvement from the previous weakness in shipbuilding and thermal insulation material demand. - FY2022WorsenedAnnual report
「In the marine-related business, shipments of thermal insulation materials declined due to the drop in the number of new vessels being built at domestic shipyards.」
The weak demand for marine thermal insulation materials is specifically attributed, in the full-year results, to the drop in the number of new vessels being built at domestic shipyards. - FY2022-Q2Specific identification of low newbuilding order levelsAnnual report
「In the marine-related business, demand for thermal insulation materials weakened and shipments declined because newbuilding orders at domestic shipyards remained at low levels.」
The weak demand for marine thermal insulation materials is specifically attributed to the low level of newbuilding orders at domestic shipyards. - FY2022-Q1RestatedAnnual report
「In materials sales, shipments of thermal insulation materials for vessels declined in the marine-related business due to weak demand. In the steel-related business, however, shipments of "Resepal" thermal insulation materials for overseas aluminum melting facilities and "Discroll" furnace transport rolls for stainless steel manufacturers increased.」
The company explains that shipments of thermal insulation materials for vessels declined due to weak demand, while shipments of Resepal and Discroll products in the steel-related business increased. - FY2021WorsenedAnnual report
「In materials sales, demand for thermal insulation materials for special-purpose vessels and furnace transport rolls known as "Discroll" for stainless steel manufacturers declined in the marine and steel-related businesses due to weak global market conditions, resulting in lower shipments.」
In the marine and steel-related businesses, weak global market conditions reduced demand for thermal insulation materials for special-purpose vessels and other products, resulting in lower shipments. - FY2021-Q3RestatedAnnual report
「In materials sales, shipments in the marine, steel and automotive-related businesses declined following a substantial decrease in demand caused by the stagnation of the global economy. In the plant-related business, shipments declined due to the cancellation or delays of scheduled maintenance work at thermal power plants.」
Demand in the marine, steel and automotive-related businesses continued to decline substantially due to the stagnation of the global economy, while shipments in the plant-related business continued to decline due to the cancellation and delays of maintenance work. - FY2021-Q2WorsenedAnnual report
「In materials sales, shipments in the marine, steel and automotive-related businesses declined following a substantial decrease in demand caused by the stagnation of the global economy. In the plant-related business, shipments declined due to the cancellation or delays of scheduled maintenance work at thermal power plants.」
Materials sales, including marine-related products, were affected by a substantial decline in demand and shipments due to the stagnation of the global economy. The company also reports lower shipments in the plant-related business due to the cancellation and delays of maintenance work. - FY2021-Q1MaterialisedAnnual report
「In the materials sales business, shipments declined significantly in the marine, steel and automotive-related sectors as operations at major customer manufacturers in Japan and overseas were suspended or production was adjusted.」
The company explains that shipments declined in the Industrial Products business, including shipbuilding and marine-related products, due to operating suspensions and production adjustments at major manufacturers. - FY2020-Q3Declining demand and maintained shipments amid price competitionAnnual report
「In materials sales, shipments of the furnace transport rolls known as "Discroll" for stainless steel manufacturers declined in the steel-related business due to deteriorating market conditions resulting from the impact of US-China trade friction. In the marine-related business, however, shipments of thermal insulation materials and other products for passenger ships and special-purpose vessels with many fire compartments were maintained at approximately the same level as in the corresponding period of the previous year, despite domestic shipbuilding demand weakening amid price competition with manufacturers in South Korea and China.」
While domestic shipbuilding demand weakened amid price competition with South Korean and Chinese manufacturers, shipments of thermal insulation materials and other products for passenger ships and special-purpose vessels were maintained at approximately the same level as in the corresponding period of the previous year. - FY2020-Q2Specific identification of areas affected by declining demandAnnual report
「In the marine-related business, the number of passenger ships and special-purpose vessels with many fire compartments declined, while the outlook for the automotive-related business remained uncertain both in Japan and overseas,」
In addition to the previous view that the number of vessels built in the shipbuilding industry was declining, the decline in passenger ships and special-purpose vessels with many fire compartments is now specifically identified as an area affected by declining demand. - FY2020-Q1RestatedAnnual report
「In the Industrial Products and Engineering business, the number of vessels built at domestic shipyards continued to decline in the shipbuilding industry, while demand for maintenance of thermal power plants, which account for a major share of the power mix, remained firm in the electric power industry.」
We maintain our view that the number of vessels built at domestic shipyards will continue to decline, while demand for thermal power plant maintenance remains firm. - FY2019-Q3RestatedAnnual report
「In the Industrial Products and Engineering business, the number of vessels under construction at domestic shipyards continued to trend downward in the shipbuilding industry, while maintenance demand for thermal power plants remained firm nationwide in the electric power industry.」
We continue to recognize the declining trend in the number of vessels built at domestic shipyards and the resilience of demand for thermal power plant maintenance. - FY2019-Q2RestatedAnnual report
「In the Industrial Products and Engineering business, the number of vessels under construction at domestic shipyards continued to trend downward in the shipbuilding industry, while maintenance demand for thermal power plants remained firm nationwide in the electric power industry.」
The company continues to recognize the downward trend in the number of vessels under construction at domestic shipyards and the firmness of maintenance demand for thermal power plants. - FY2019-Q1RestatedAnnual report
「In the Industrial Products and Engineering business, the number of vessels under construction at domestic shipyards continued to trend downward in the shipbuilding industry, while maintenance demand for thermal power plants remained firm nationwide in the electric power industry.」
The company continues to recognize that maintenance demand for thermal power plants remains firm, while the downward trend in the number of vessels under construction at domestic shipyards continues. - FY2018RestatedAnnual report
「In the Industrial Products and Engineering business, maintenance demand for thermal power plants in the electric power industry remained firm nationwide, but the number of vessels under construction at domestic shipyards continued to trend downward. Sales of thermal insulation materials for ships declined because of the reaction to deliveries for large cruise ships in the previous period, but demand remains stable despite the weakness in the number of vessels under construction.」
The company recognized the decline in the number of vessels under construction at shipyards and the reactionary decline in deliveries for large cruise ships, while explaining that demand for thermal insulation materials for ships remains stable. - FY2018-Q3RestatedAnnual report
「In the Industrial Products and Engineering business, maintenance demand for thermal power plants, which account for a major portion of the power mix, was broadly based nationwide in the electric power industry. In the shipbuilding industry, however, orders received by domestic shipyards and the number of vessels under construction trended downward. Sales of thermal insulation materials for ships declined because of the reaction to deliveries for large cruise ships in the previous year, but stable demand is expected going forward.」
The company reconfirmed the downward trend in orders received by domestic shipyards and the number of vessels under construction, as well as the reactionary decline in demand for thermal insulation materials for ships, while also stating its outlook for stable demand going forward. - FY2018-Q2First statedAnnual report
「In the Industrial Products and Engineering business, maintenance demand for thermal power plants, which account for a major portion of the power mix, remained firm in the electric power industry. In the shipbuilding industry, however, orders received by domestic shipyards and the number of vessels under construction trended downward. Meanwhile, sales of thermal insulation materials for ships declined because of the reaction to deliveries for large cruise ships in the previous year.」
Orders received by domestic shipyards and the number of vessels under construction trended downward, and this was reflected in lower sales of thermal insulation materials for ships, partly because of the reaction to deliveries for large cruise ships in the previous year.