Decline in Engineering Order Intake and Order Backlog Due to Decreased Fish Reef Orders
First written in FY2017-Q1. 8 of 33 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2026.
Nakayama Steel Works moved to the "Worse" side of this theme in 2020, 3 years before the typical company in this theme (2023).
42 other companies' latest entry also says "Other".
- FY2026Lower orders, sales and profitAnnual report
「In engineering, revenue was ¥1,687 million, down ¥199 million from the previous fiscal year, and ordinary loss was ¥20 million, a ¥57 million deterioration from the previous fiscal year, due mainly to higher costs in the foundry machinery division.」
Higher costs in the foundry machinery division and other factors led to lower revenue in the engineering business, which recorded an ordinary loss. - FY2026-H1Lower revenue and earnings due to lower marine division revenueAnnual report
「In engineering, revenue was ¥830 million, down ¥137 million year on year, and ordinary profit was ¥17 million, down ¥36 million year on year, due mainly to lower revenue in the marine division.」
Lower revenue in the marine division and other factors led to lower revenue and earnings in the engineering business. - FY2025Higher revenue, but lower order backlogAnnual report
「In engineering, revenue was ¥1,886 million, down ¥171 million from the previous fiscal year, and ordinary profit was ¥36 million, down ¥37 million from the previous fiscal year, due mainly to lower revenue in the marine division.」
The engineering business reported lower revenue and earnings for the full year. Orders received increased 3.5%, while the order backlog declined 8.8%, indicating mixed order trends. - FY2025-H1MitigatedAnnual report
「In engineering, revenue was ¥959 million, up ¥15 million year on year, and ordinary profit was ¥53 million, up ¥3 million year on year, due mainly to higher orders in the foundry machinery division.」
Higher orders in the foundry machinery division resulted in higher revenue and earnings, easing the prolonged risk of weak orders and losses in the engineering business in the interim period. - FY2024Continued Decline in Orders and BacklogAnnual report
「During the consolidated fiscal year, engineering orders received declined significantly due to the large artificial reef projects received in the previous consolidated fiscal year.」
Engineering orders received declined 49.5% from the previous fiscal year, and the order backlog declined 16.4%. The company attributed this mainly to the reversal of the large artificial reef projects received in the previous fiscal year. - FY2024-Q3Orders continued to decline, but the rate of decline narrowedAnnual report
「Engineering orders received declined 51.6% year on year due mainly to a decrease in large artificial reef projects.」
Engineering orders received declined 51.6% year on year due to a decrease in large artificial reef projects. The decline narrowed from 61.3% in the previous quarter, but orders continued to fall. - FY2024-Q2WorsenedAnnual report
「Engineering orders received declined 61.3% year on year due mainly to a decrease in large artificial reef projects.」
Engineering orders received declined 61.3% year on year due mainly to a decrease in large artificial reef projects. - FY2024-Q1WorsenedAnnual report
「In engineering, orders received declined 79.4% year on year due to the timing of orders for foundry machinery rolls and a decrease in large artificial reef projects.」
Engineering orders received declined 79.4% year on year due to the timing of orders for foundry machinery rolls and a decrease in large artificial reef projects. - FY2023Orders rose sharply, but earnings were broadly flatAnnual report
「During the consolidated fiscal year, engineering orders received and the order backlog increased significantly, due to higher orders for rolls and large artificial reef projects.」
Engineering orders received increased 90.0% and the order backlog increased 145.0%, while full-year ordinary profit remained at ¥2 million, with higher revenue but lower earnings due to surging material prices. - FY2023-Q3Higher orders, but lower earnings and a loss due to higher fixed costsAnnual report
「In engineering, orders increased in the marine and foundry machinery divisions, but earnings declined despite higher revenue due to higher fixed costs associated with increased staffing and other factors. Revenue was ¥1,250 million, up ¥64 million year on year, and ordinary loss was ¥26 million, a ¥34 million deterioration year on year.」
Higher orders in the marine and foundry machinery divisions resulted in higher revenue, while higher fixed costs associated with increased staffing and other factors led to lower earnings, and an ordinary loss of ¥26 million was recorded. - FY2023-Q2Higher foundry machinery orders lifted revenue, but earnings declinedAnnual report
「In engineering, revenue was ¥907 million, up ¥104 million year on year, due mainly to higher orders in the foundry machinery division, while ordinary profit was ¥10 million, down ¥8 million year on year.」
Higher orders in the foundry machinery division resulted in higher revenue, but ordinary profit was below the level of the same period of the previous year, indicating that the recovery in orders has not translated directly into improved earnings. - FY2023-Q1AdvancedAnnual report
「In engineering, revenue was ¥372 million, up ¥118 million year on year, while ordinary loss was ¥26 million, a ¥22 million improvement year on year, due mainly to higher orders in the foundry machinery division.」
Higher orders in the foundry machinery division resulted in higher revenue, and the ordinary loss improved by ¥22 million from the same period of the previous year. - FY2022AdvancedAnnual report
「In engineering, revenue was ¥1,778 million, up ¥209 million from the previous fiscal year, and ordinary profit was ¥58 million, up ¥88 million from the previous fiscal year, due mainly to higher orders in the marine and construction divisions.」
Higher orders in the marine and construction divisions resulted in higher revenue, and the engineering business turned from a loss in the previous fiscal year to ordinary profitability. - FY2022-Q3AdvancedAnnual report
「In engineering, revenue was ¥1,186 million, up ¥149 million year on year, and ordinary profit was ¥8 million, up ¥22 million year on year, due mainly to higher orders in the marine and construction divisions.」
Higher orders in the marine and construction divisions resulted in higher revenue, and ordinary profit turned from a loss in the same period of the previous year to a profit of ¥8 million. - FY2022-Q2Mixed orders by division; return to profitabilityAnnual report
「In engineering, orders in the foundry machinery division declined, but revenue was ¥803 million, up ¥88 million year on year, and ordinary profit was ¥18 million, up ¥18 million year on year, due mainly to higher orders in the marine and construction divisions.」
Although lower orders in the foundry machinery division remained an issue, higher orders in the marine and construction divisions resulted in higher revenue and a return to ordinary profitability for the engineering business. - FY2022-Q1WorsenedAnnual report
「In engineering, orders increased in the construction and marine divisions, but revenue was ¥253 million, up ¥8 million year on year, and ordinary loss was ¥49 million, a ¥9 million deterioration year on year, due mainly to lower orders in the foundry machinery division.」
The ordinary loss widened from the same period of the previous year due to lower orders in the foundry machinery division, despite higher orders in the construction and marine divisions. - FY2021WorsenedAnnual report
「In engineering, orders for rolls in the foundry machinery division increased from the previous fiscal year, but orders in the construction division declined substantially. Revenue was ¥1,568 million, down ¥105 million from the previous fiscal year, and ordinary loss was ¥29 million, a ¥57 million deterioration from the previous fiscal year.」
Revenue declined due to lower construction orders despite higher orders for rolls, and an ordinary loss of ¥29 million was recorded. - FY2021-Q3Higher foundry machinery orders, but lower construction orders and continued lossesAnnual report
「In engineering, orders for rolls in the foundry machinery division increased year on year, but orders in the construction division declined substantially. Revenue was ¥1,036 million, down ¥13 million year on year, and ordinary loss was ¥14 million, a ¥20 million improvement year on year.」
Orders for rolls in the foundry machinery division increased, but the substantial decline in construction orders led to lower revenue, and the engineering business continued to report an ordinary loss. - FY2021-Q1Lower artificial reef orders; earnings broadly flatAnnual report
「In engineering, revenue declined in the marine division due to lower artificial reef orders, but earnings were broadly flat owing to higher orders in the foundry machinery division and the benefits of improved unit costs. Revenue was ¥244 million, down ¥21 million year on year, and ordinary loss was ¥39 million, a ¥1 million improvement year on year.」
Revenue declined due to lower artificial reef orders in the marine division, while earnings were broadly in line with the same period of the previous year due to higher orders in the foundry machinery division and the benefits of improved unit costs. - FY2020-Q3WorsenedAnnual report
「In engineering, revenue and ordinary profit declined due mainly to lower orders in the marine division than in the same period of the previous year. Revenue was ¥1,049 million, down ¥38 million year on year, and ordinary loss was ¥34 million, a ¥6 million deterioration year on year.」
The engineering business reported lower revenue and earnings and an ordinary loss due to lower orders in the marine division. - FY2020-Q2Higher order intake, lower order backlogAnnual report
「Engineering order intake increased 26.4% year on year as orders increased for rolls, valves, artificial reefs and the construction division. However, order backlog decreased 15.5% year on year due in part to higher sales during the first half and lower order backlogs for artificial reefs, rolls and valves at the end of the previous fiscal year compared with the same period of the previous year.」
Orders received increased on higher orders for rolls, valves, artificial reefs and construction, while the order backlog declined due to progress in sales and other factors, leaving engineering orders mixed. - FY2020-Q1MitigatedAnnual report
「Meanwhile, in the engineering business, order intake increased 83.0% year on year due in part to higher orders for artificial reefs and rolls.」
Higher orders for artificial reefs and rolls increased engineering order intake by 83.0% year on year, easing the previous downward trend in orders. - FY2019WorsenedAnnual report
「In the engineering business, orders in the marine division increased from the previous fiscal year, but lower orders in the casting machinery division and deteriorating operations in that division due to a typhoon, among other factors, resulted in net sales of ¥1,798 million, down ¥32 million from the previous fiscal year, and ordinary profit of ¥29 million, down ¥44 million from the previous fiscal year.」
Although orders in the marine division increased, lower orders in the casting machinery division and deteriorating operations due to a typhoon resulted in lower sales and profit in the engineering business. - FY2019-Q2WorsenedAnnual report
「Engineering order intake decreased 23.7% year on year due in part to lower order volumes for artificial reefs and valves.」
Engineering order intake decreased 23.7% year on year due to lower order volumes for artificial reefs and valves, continuing the previous downward trend in orders. - FY2019-Q1WorsenedAnnual report
「In the engineering business, order intake decreased 56.8% year on year and order backlog decreased 24.9%, respectively, due in part to lower orders for artificial reefs and rolls.」
For the engineering business, which had previously reported a recovery in orders, order intake decreased 56.8% and order backlog decreased 24.9% due to lower orders for artificial reefs and rolls. - FY2018MitigatedAnnual report
「In the engineering business, higher orders received by the casting machinery division compared with the previous fiscal year, among other factors, resulted in net sales of ¥1,830 million, up ¥180 million from the previous fiscal year, and ordinary profit of ¥73 million, up ¥39 million from the previous fiscal year.」
In the engineering business, where declining orders for artificial reefs and other products had been an issue, higher orders in the casting machinery division lifted net sales and ordinary profit above the previous fiscal year’s levels. - FY2018-Q3ReframedAnnual report
「In the engineering business, a decline in artificial reef orders, among other factors, resulted in net sales of ¥1,033 million, down ¥161 million year on year, and an ordinary loss of ¥16 million, a deterioration of ¥34 million year on year. In addition, engineering order intake increased 19.2% year on year and order backlog increased 27.7%, respectively, due to higher orders for construction work compared with the same period of the previous year.」
While the decline in artificial reef orders and business losses continued, engineering order intake and order backlog increased due to higher construction orders. The focus has shifted from a decline in artificial reef-dependent orders to broader order trends across the business. - FY2018-Q2RestatedAnnual report
「In the engineering business, earnings were broadly in line with the same period of the previous year. Net sales were ¥681 million, up ¥21 million year on year, and ordinary profit was ¥11 million, up ¥2 million year on year.」
The engineering business, which had previously been affected by lower orders for artificial reefs and other products, posted earnings broadly in line with the same period of the previous year in the cumulative second quarter, with slight increases in net sales and ordinary profit. - FY2018-Q1MitigatedAnnual report
「In the engineering business, order intake increased 115.4% year on year and order backlog increased 23.5%, respectively, due in part to higher orders for artificial reefs and rolls and valves.」
Higher orders for artificial reefs and rolls and valves lifted engineering order intake and order backlog above the previous year’s levels, easing the prior downward trend in orders. - FY2017RestatedAnnual report
「In the engineering business, a decline in orders received by the artificial reef division compared with the previous fiscal year, among other factors, resulted in net sales of ¥1,649 million, down ¥321 million from the previous fiscal year, and ordinary profit of ¥33 million, down ¥82 million from the previous fiscal year.」
The decline in orders received by the artificial reef division has been confirmed in the full-year results as lower net sales and ordinary profit in the engineering business. - FY2017-Q3RestatedAnnual report
「In the engineering business, a decline in orders received by the design division compared with the same period of the previous year, among other factors, resulted in net sales of ¥1,195 million, down ¥35 million year on year, and ordinary profit of ¥17 million, down ¥30 million year on year.」
Following a decline in orders in the engineering field, including artificial reefs, the cumulative third quarter results identify lower orders in the design division as a factor behind the decline in net sales and ordinary profit. - FY2017-Q2RestatedAnnual report
「In the engineering business, a decline in artificial reef orders, among other factors, resulted in net sales of ¥660 million, down ¥181 million year on year, and ordinary profit of ¥8 million, down ¥17 million year on year.」
The continued decline in artificial reef orders has affected the engineering business through lower net sales and ordinary profit. - FY2017-Q1MaterialisedAnnual report
「During the cumulative first quarter, engineering order intake and order backlog decreased significantly compared with the same period of the previous year. This was due in part to a decline in artificial reef orders, with order intake down 39.3% year on year and order backlog down 13.8%.」
The decline in artificial reef orders and the resulting 39.3% year-on-year decrease in engineering order intake and 13.8% decrease in order backlog have been quantified for the first time.