Weak Demand for Drilling and Oil Plant-Related Products Amid Weak Crude Oil Prices
First written in FY2017-Q1. 2 of 8 entries say "Restated". Latest entry: FY2019-Q2.
1 other company's latest entry also says "Mitigated".
- FY2019-Q2MitigatedAnnual report
「Revenue from free-forging products increased year on year, owing to firm aircraft-related demand and a recovery in demand for oil and gas applications following the rise in crude oil prices, among other factors.」
The recovery in demand for oil and gas applications, which had previously been weak, has continued following the rise in crude oil prices. - FY2019-Q1MitigatedAnnual report
「Revenue from free-forging products increased year on year, owing to firm aircraft-related demand and a recovery in demand for oil and gas applications following the rise in crude oil prices, among other factors.」
The company states that demand for oil and gas applications, which had previously been weak, has begun to recover following the rise in crude oil prices. - FY2018WorsenedAnnual report
「Profit fell short of plan as demand in the oil and gas drilling sector declined significantly following a sharp drop in crude oil prices.」
The decline in demand in the oil and gas drilling sector amid low crude oil prices is explicitly identified as a factor behind the shortfall in profit under the 2017 Medium-Term Management Plan. - FY2018-Q2SoftenedAnnual report
「Although demand related to oil and gas decreased against the backdrop of low crude oil prices, demand related to aircraft remained firm and demand for semiconductors also increased, resulting in higher revenue year on year.」
The decline in oil and gas-related demand continues, but the wording has been softened from “decreased significantly” in the previous quarter. Revenue from free-forging products has increased on demand from the aircraft and semiconductor industries. - FY2018-Q1WorsenedAnnual report
「Although demand related to oil and gas decreased significantly against the backdrop of low crude oil prices, demand related to aircraft remained firm, and revenue increased year on year.」
The description of oil and gas-related demand against the backdrop of low crude oil prices has been strengthened from the previous wording, “decreased,” to “decreased significantly.” Meanwhile, aircraft-related demand remained firm and revenue increased. - FY2017-Q3RestatedAnnual report
「Revenue from free-forging products declined year on year as demand related to oil and gas decreased against the backdrop of low crude oil prices.」
The decline in oil and gas-related demand against the backdrop of low crude oil prices has continued to weigh on revenue from free-forging products. - FY2017-Q2RestatedAnnual report
「Demand for specialty steel is expected to benefit from steady growth in the automotive industry, its main end market. However, demand related to oil drilling and other applications remains weak against the backdrop of low crude oil prices, and future developments need to be closely monitored.」
We continue to recognize weak oil drilling-related demand against the backdrop of low crude oil prices and are monitoring developments going forward. - FY2017-Q1First statedAnnual report
「Revenue from free-forging products declined year on year as demand related to drilling and oil plants decreased with the decline in crude oil prices.」
The decline in demand related to drilling and oil plants amid lower crude oil prices is reflected in lower revenue from free-forging products.