Decline in Overseas Demand Due to the Slowdown in the Chinese Economy
First written in FY2017-Q2. 12 of 21 entries say "Restated". Latest entry: FY2026.
Daido Steel moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 127 of 168 companies on the "Worse" side.
67 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Tool steel volumes declined due to weak automobile-related demand.」
The decline in tool steel volumes due to weak automobile-related demand continued for the full year. - FY2026-H1WorsenedAnnual report
「Structural steel volumes declined due to lower demand resulting from sluggish automobile-related sales and subdued demand related to industrial machinery. Tool steel volumes also declined due to weak automobile-related demand.」
The theme previously categorized as weak demand in East Asia, including China, has continued in the form of lower structural steel and tool steel volumes due to sluggish automobile sales and subdued industrial machinery demand. - FY2025-H1RestatedAnnual report
「Tool steel volumes declined year on year due to continued weak demand in East Asia, including China, and the delayed recovery in domestic demand.」
The decline in tool steel volumes due to weak demand in East Asia, including China, and the delayed recovery in domestic demand has been reconfirmed. - FY2024RestatedAnnual report
「Demand in East Asia, including China, and inventory adjustments in the supply chain continued to decline for tool steel, resulting in lower volumes year on year.」
The decline in tool steel volumes due to lower demand in East Asia, including China, and supply-chain inventory adjustments has been reconfirmed. - FY2024-Q3RestatedAnnual report
「Demand in East Asia, including China, and inventory adjustments in the supply chain continued to decline for tool steel, resulting in lower volumes year on year.」
The decline in demand in East Asia, including China, and supply-chain inventory adjustments continued to weigh on tool steel volumes. - FY2024-Q2RestatedAnnual report
「Demand in East Asia, including China, and inventory adjustments in the supply chain continued to decline for tool steel, resulting in lower volumes year on year.」
The decline in demand in East Asia, including China, and supply-chain inventory adjustments continued to weigh on tool steel volumes. Demand for magnet products in China also declined. - FY2024-Q1WorsenedAnnual report
「Although domestic demand for automobile-related magnet products has gradually recovered, demand in China remained weak, and revenue declined year on year.」
Weak demand for magnet products in China continued, resulting in lower revenue. - FY2023-Q2RestatedAnnual report
「Orders related to automobiles, a major source of demand for special steel, declined year on year due to semiconductor and component shortages, as well as the impact of lockdowns in China.」
The decline in automobile-related demand due to lockdowns in China and supply shortages has continued. - FY2023-Q1WorsenedAnnual report
「Against this backdrop, orders related to automobiles, a major source of demand for special steel, declined year on year due to semiconductor and component shortages, as well as the impact of lockdowns in China.」
Lockdowns in China, together with shortages of semiconductors and components, have materialized as factors behind the year-on-year decline in automobile-related orders. - FY2021-Q3ReframedAnnual report
「Orders for stainless steel and high-alloy products related to semiconductors remained firm as capital investment recovered, while orders related to automobiles and industrial machinery were on a recovery trend but volumes declined year on year. Magnet and powder products were also on a recovery trend due to automobile-related demand, but revenue declined year on year.」
Automobile- and industrial-machinery-related products, as well as magnet and powder products, had entered a recovery trend, but the assessment has changed to reflect cumulative year-on-year declines in volumes and revenue. - FY2021-Q2RestatedAnnual report
「Demand for stainless steel and high-alloy products for automobiles remained firm amid efforts to improve fuel efficiency. However, both declined due to the downturn in demand for semiconductor manufacturing equipment and lower demand from industrial machinery associated with the slowdown in the Chinese economy. Magnet products also declined due to factors including the decline in automobile sales in China, with inventory adjustments also taking place.」
The decline in demand for industrial machinery associated with the slowdown in the Chinese economy, along with inventory adjustments and lower volumes in magnet products due to declining automobile sales in China, continued. - FY2020-Q2RestatedAnnual report
「Demand for stainless steel and high-alloy products for automobiles remained firm amid efforts to improve fuel efficiency. However, both declined due to the downturn in demand for semiconductor manufacturing equipment and lower demand from industrial machinery associated with the slowdown in the Chinese economy. Magnet products also declined due to factors including the decline in automobile sales in China, with inventory adjustments also taking place.」
The decline in demand for industrial machinery associated with the slowdown in the Chinese economy, along with inventory adjustments and lower volumes in magnet products due to declining automobile sales in China, continued. - FY2020-Q1WorsenedAnnual report
「Demand for stainless steel and high-alloy products for automobiles remained firm amid efforts to improve fuel efficiency. However, semiconductor-related products declined due to factors including delays in capital investment worldwide and lower demand for HDDs (hard disk drives), while magnet products declined due to factors including the decline in automobile sales in China, with inventory adjustments also taking place in each business.」
Inventory adjustments and lower volumes in magnet products continued due to the decline in automobile sales in China, with the previous risk from Chinese demand also affecting the current quarter. - FY2019WorsenedAnnual report
「Sales volumes declined in both semiconductor-related products, due to factors including delays in capital investment worldwide, and magnet products, due to the decline in automobile sales in China, with inventory adjustments also taking place in each business.」
The decline in automobile sales in China led to inventory adjustments and lower volumes in magnet products, with the previous risk from Chinese demand also affecting full-year results. - FY2019-Q3WorsenedAnnual report
「Magnet products underwent inventory adjustments due to factors including the decline in automobile sales in China.」
The company states that inventory adjustments occurred in magnet products due to the decline in automobile sales in China. - FY2018RestatedAnnual report
「Tool steel volumes increased as inventory adjustments had ended.」
The explanation that the inventory adjustment associated with the slowdown in the Chinese economy had ended and tool steel volumes had increased has been reiterated for the full year. - FY2018-Q3RestatedAnnual report
「Tool steel volumes increased as inventory adjustments had ended.」
The explanation that the inventory adjustment associated with the slowdown in the Chinese economy had ended and tool steel volumes had increased has been reiterated. - FY2018-Q2RestatedAnnual report
「Tool steel volumes increased as inventory adjustments had ended.」
The explanation that the inventory adjustment associated with the slowdown in the Chinese economy had ended and tool steel volumes had increased has been reiterated. - FY2018-Q1MitigatedAnnual report
「Tool steel volumes increased as inventory adjustments had ended.」
The company stated that the inventory adjustment associated with the slowdown in the Chinese economy had ended and tool steel volumes had increased, indicating that the previous factor weighing on demand had weakened. - FY2017-Q3RestatedAnnual report
「Tool steel volumes decreased year on year due to the impact of inventory adjustments associated with the slowdown in the Chinese economy, among other factors.」
Inventory adjustments associated with the slowdown in the Chinese economy continue to weigh on tool steel volumes. - FY2017-Q2First statedAnnual report
「Tool steel volumes decreased year on year due to a decline in overseas demand associated with the slowdown in the Chinese economy, among other factors.」
The decline in overseas demand due to the slowdown in the Chinese economy has materialized as lower tool steel volumes.