Stagnation in corporate capital investment and weak demand for copper wire
First written in FY2017-Q1. 17 of 37 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-10-15.
0 other companies' latest entry also says "Mitigated".
- FY2026ReframedAnnual report
「Market conditions were difficult, with labor shortages, soaring material prices and continued uncertainty over the economic outlook, although active investment continued in some areas, including data centers.」
The disclosure has shifted from the previous view of weak capital investment and copper wire demand to a market environment in which strong investment in some areas, such as data centers, coexists with labor shortages, soaring material prices and uncertainty over the economic outlook. - FY2026-H1MitigatedAnnual report
「As a result, the company secured sales while steadily winning orders for factory plant projects, traffic signal wire and other projects by leveraging its ability to provide short lead times.」
Against weakness in demand related to construction and semiconductor projects and the quiet conditions in the second half, the disclosure states that the company steadily won orders for factory plant and traffic signal wire projects and secured sales through short lead times. - FY2025ReframedAnnual report
「In the wire market, the first half remained busy because shortages of products and materials from the previous year continued, but the second half was unusually quiet as orders had been brought forward.」
The disclosure states that wire demand changed during the fiscal year, from a busy first half caused by material shortages to an unusually quiet second half following the reaction to orders being brought forward. - FY2025-H1MitigatedAnnual report
「As a result, activity in factory plant projects and traffic signal wire enabled the company to secure sales through information gathering and short lead times. The company will continue to focus on winning orders for instrumentation cables as its core product, as well as control and traffic signal wires.」
Compared with the slow progress of construction and semiconductor projects and the decline in construction-related inquiries, the disclosure cites activity in factory plant projects and traffic signal wire, as well as sales secured through short lead times, indicating that demand-side weakness has eased in some areas. - FY2025-Q1ReframedAnnual report
「In the wire business, concerns over high material prices and material deliveries continued, but orders for plant projects and instrumentation cables, where demand was increasing, were strong, supported by the company’s strength in short lead times. Meanwhile, construction-related inquiries were trending downward, and conventional stock products continued to struggle.」
Wire demand is now characterized by product- and application-specific conditions: plant projects and instrumentation cables are strong, supported by short lead times, while construction-related inquiries are declining and conventional stock products are struggling. - FY2024MitigatedAnnual report
「In the second half, amid continuing product shortages in the market, projects involving instrumentation cables, control wires and signal wires continued, and order volumes were very strong. Order volumes for OEM products also remained generally busy. As a result, revenue was ¥5,200.942 million, up 7.7% from the previous fiscal year,」
Although FA-related business was difficult in the first half owing to lower semiconductor demand, orders for instrumentation cables, control and signal wires, and OEM products were strong in the second half, with wire business revenue up 7.7% year on year. - FY2024-Q3MitigatedAnnual report
「In the wire business, inquiries related to industry-wide cable shortages increased, and sales grew steadily as traffic signal wire also began to move. Revenue was ¥3,787.355 million, up 3.6% year on year, but segment profit was ¥65.022 million, down 72.4%, owing to temporary expenses associated with the Osaka sales office and the relocation to a new headquarters.」
Inquiries related to cable shortages increased and traffic signal wire began to move, lifting wire business revenue 3.6% year on year and improving demand conditions. However, profit declined substantially owing to temporary relocation-related expenses. - FY2024-Q2WorsenedAnnual report
「In the wire business, the company expected orders from construction and semiconductor projects, but project activity was slow and trading companies held excess inventories, resulting in difficult conditions.」
Construction and semiconductor projects were progressing slowly, and excess inventories at trading companies added to the difficulties, indicating that the demand environment has deteriorated. - FY2024-Q1ReframedAnnual report
「In the wire business, severe conditions caused by soaring material prices and higher transportation costs continued, but sales and inquiries for the instrumentation cable range remained strong. Meanwhile, commercially available products such as alarm, heat-resistant and FCPEV cables struggled, particularly because of the limited number of construction-related inquiries. As a result, revenue was ¥1,156.452 million, up 2.3% year on year, while segment profit was ¥83.225 million, down 10.2%.」
The focus has shifted from the previous view of an overall recovery and strength in wire demand to item-specific conditions: instrumentation cables remain strong, while commercially available products such as alarm, heat-resistant and FCPEV cables, particularly in construction-related applications, are struggling because of fewer inquiries. Revenue increased, but segment profit declined. - FY2023-Q3MitigatedAnnual report
「In the wire business, soaring material prices and difficulties in procuring materials continued, but sales across the instrumentation cable range were strong, supported by numerous inquiries for standard instrumentation cable products. Traffic signal wire also got off to an early start during the nine months ended December, allowing sales to grow steadily. Revenue was ¥3,656.545 million, up 12.5% year on year, and segment profit was ¥348.449 million, up 92.7%.」
Although material prices remained high and materials remained difficult to procure, sales of standard instrumentation cable products and traffic signal wire were strong, with wire business revenue up 12.5% year on year and segment profit up 92.7%, indicating that demand-side weakness has eased. - FY2023-Q2MitigatedAnnual report
「In the wire business, soaring material prices and difficulties in procuring materials continued, but sales across the instrumentation cable range were strong, supported by numerous inquiries for customized products. Sales of railway signal cables also grew steadily as a result of focusing on information gathering, resulting in revenue of ¥2,360.880 million, up 15.5% year on year, and segment profit of ¥199.475 million, up 19.2%, amid higher copper and other raw material prices.」
Although material prices remained high and materials remained difficult to procure, sales of customized instrumentation cable products and railway signal cables grew, lifting wire business revenue and segment profit above the same period of the previous year, indicating that demand-side weakness has eased. - FY2023-Q1MitigatedAnnual report
「In the wire business, inventory adjustments for copper tape proved effective, allowing the company to increase sales of copper tape products such as CVVS (control cables). However, shortages of materials such as tin-plated soft copper wire (TA) have continued, and the company is focusing on smooth material procurement. Revenue was ¥1,130.553 million and segment profit was ¥92.683 million.」
Sales of copper tape products increased, resulting in wire business revenue of ¥1,130.553 million and segment profit of ¥92.683 million, indicating that the previous risk of weak demand has eased. Material shortages, however, continue. - FY2022WorsenedAnnual report
「Customers found it difficult to procure materials such as connectors, resulting in some restraint on wire purchases. The company therefore continued to face particularly severe conditions across its factory automation (FA)-related products. Delays in capital investment-related and residential construction projects, as well as OEM product orders, also continued to present generally difficult conditions.」
In addition to the existing weakness in construction and electrical distribution-related demand, difficulties in procuring materials, restraint on wire purchases, weakness in FA-related products, delays in capital investment and residential construction projects, and difficult conditions for OEM orders have become apparent. - FY2022-Q3ReframedAnnual report
「In the wire business, orders recovered from the decline accompanying the spread of the novel coronavirus, but construction and electrical distribution-related demand remained generally negative. Together with soaring material costs, this resulted in revenue of ¥3,251.104 million and segment profit of ¥180.823 million.」
While orders recovered from the decline caused by the novel coronavirus, construction and electrical distribution-related demand remained on a downward trend and material costs also rose, indicating a shift in the demand environment toward a combination of recovery and lingering weakness. - FY2022-Q2MitigatedAnnual report
「In the wire business, orders began to recover gradually from the decline accompanying the spread of the novel coronavirus, resulting in revenue of ¥2,044.287 million and segment profit of ¥167.316 million, also supported by higher copper prices.」
The disclosure states that orders are gradually recovering from the decline caused by the novel coronavirus, with wire business revenue of ¥2,044.287 million and segment profit of ¥167.316 million. - FY2022-Q1MitigatedAnnual report
「In the wire business, product sales by item remained steady amid a sharp rise in copper prices, resulting in revenue of ¥984.751 million, up 0.5% year on year, and segment profit of ¥91.714 million, compared with ¥7.218 million in the same quarter of the previous year.」
Product sales in the wire business remained steady, revenue rose 0.5% year on year, and segment profit increased from ¥7.218 million to ¥91.714 million, indicating that the deterioration in the demand environment has eased. - FY2021WorsenedAnnual report
「In the wire business, shipments declined overall owing to weak demand related to capital investment and residential construction, as well as reduced volumes of OEM products, following the spread of the novel coronavirus. As a result, revenue was ¥3,957.902 million, down 20.8% from the previous fiscal year, and segment profit was ¥93.385 million, down 64.7%.」
Weak demand related to capital investment and residential construction, together with reduced volumes of OEM products, resulted in declines of 20.8% in wire business revenue and 64.7% in segment profit, reflecting weaker demand in full-year results. - FY2021-Q3WorsenedAnnual report
「In the wire business, the decline in wire orders accompanying the spread of the novel coronavirus reduced production activity, resulting in revenue of ¥2,985.557 million, down 20.7% year on year. Although the company reduced SG&A expenses as sales activities were suspended and worked to cut fixed costs thoroughly, segment profit was ¥78.907 million, down 56.0% year on year.」
The spread of the novel coronavirus reduced orders and production activity, resulting in a 20.7% year-on-year decline in revenue and a 56.0% decline in segment profit in the wire business. - FY2021-Q2WorsenedAnnual report
「In the wire business, the decline in wire orders accompanying the spread of the novel coronavirus reduced production activity, resulting in revenue of ¥1,905.049 million, down 20.1% year on year. The company reduced SG&A expenses as sales activities were suspended and worked to cut fixed costs thoroughly, resulting in segment profit of ¥17.073 million, down 71.9% year on year.」
The decline in wire orders and production activity was reflected in the results as a 20.1% year-on-year decline in revenue and a 71.9% decline in segment profit, indicating that the demand environment deteriorated from the previous quarter. - FY2021-Q1WorsenedAnnual report
「In the wire business, orders for wire declined as the novel coronavirus spread, resulting in revenue of ¥979.821 million, down 11.4% year on year. Although the company worked to reduce costs such as selling expenses amid the suspension of sales activities, segment profit was ¥7.218 million, down 75.1% year on year.」
The spread of the novel coronavirus reduced wire orders, resulting in an 11.4% year-on-year decline in revenue and a 75.1% decline in segment profit, reflecting the deterioration in the demand environment in the results. - FY2020WorsenedAnnual report
「In addition to a sense of stagnation in companies’ appetite for capital investment following the consumption tax increase,」
Compared with the explanation through the previous quarter of a recovery trend in the domestic economy, the disclosure now cites stagnation in companies’ appetite for capital investment following the consumption tax increase, again highlighting weakness in the capital investment environment. - FY2020-Q3MitigatedAnnual report
「In the wire business, overall shipments, led by OEM products, increased, supported by air-conditioning equipment construction projects and other factors, resulting in revenue of ¥3,766.937 million, up 5.4% year on year, and segment profit of ¥179.426 million, up 362.1% year on year.」
Shipments, led by OEM products, increased against a backdrop of air-conditioning equipment construction projects and other factors, and both revenue and segment profit exceeded the same period of the previous year, indicating that weakness in wire demand has eased. - FY2020-Q2MitigatedAnnual report
「In the wire business, shipments of OEM products increased, supported by air-conditioning equipment construction projects, resulting in revenue of ¥2,383.190 million, up 7.6% year on year, and segment profit of ¥60.820 million, compared with a segment loss of ¥25.607 million in the same quarter of the previous year.」
Shipments of OEM products increased against a backdrop of air-conditioning equipment construction projects and other factors, and the wire business turned from a segment loss in the same quarter of the previous year to a profit, indicating that weakness in the demand environment has eased further. - FY2020-Q1MitigatedAnnual report
「Shipments of traffic signal and control cables, communication cables and other products increased significantly, resulting in revenue of ¥1,105.604 million, up 2.7% year on year, and segment profit of ¥29.020 million, compared with a segment loss of ¥15.207 million in the same quarter of the previous year.」
In the wire business, shipments of traffic signal and control cables, communication cables and other products increased, revenue rose 2.7% year on year, and segment results turned from a loss to a profit, indicating that weakness in the demand environment has eased. - FY2019-Q3ReframedAnnual report
「In the wire business, orders increased overall and sales of communication, disaster-prevention and railway wire grew, but orders for core products such as fieldbus cables and instrumentation cables remained sluggish, while higher raw material, auxiliary material and delivery costs reduced profit margins,」
The focus has shifted from overall weakness in wire demand to item-specific conditions: total orders increased and communication, disaster-prevention and railway products grew, while core products such as fieldbus cables and instrumentation cables remained sluggish. - FY2019-Q2MitigatedAnnual report
「In the wire business, market conditions for construction and electrical distribution applications were recovering, but profit margins declined owing to lower sales of high-value-added products, falling copper prices, and higher prices for other raw materials and transportation,」
Compared with the previous weakness in demand from the construction and electrical distribution sectors, market conditions are now described as recovering, indicating that demand-side risks have eased. Meanwhile, lower sales of high-value-added products and higher costs are weighing on profit margins. - FY2019-Q1ReframedAnnual report
「In the wire business, product sales by item remained steady, but shipments of high-value-added products declined, resulting in decreases in both revenue and profit margin,」
While product sales by item were generally steady, the decline in shipments of high-value-added products was identified as a factor behind lower revenue and profit margins, shifting the focus in the demand environment from overall weakness to the product mix and weakness in high-value-added products. - FY2018RestatedAnnual report
「Amid expected demand for infrastructure construction ahead of the Olympics, the copper benchmark price, the main raw material, continued to trend upward, while demand from the construction and electrical distribution sectors, a major demand segment, remained broadly flat from the previous period.」
While infrastructure construction demand is expected, demand from the construction and electrical distribution sectors was described as broadly flat from the previous period, indicating that sluggish growth in wire demand is continuing. - FY2018-Q3RestatedAnnual report
「Amid stronger demand for infrastructure construction ahead of the Olympics and expectations of more redevelopment projects in the Tokyo metropolitan area, the construction and electrical distribution sectors, which are major demand segments for copper wire, continued to perform steadily above the previous year.」
The construction and electrical distribution sectors continued to perform steadily above the previous year, and the recovery trend in wire demand has continued. - FY2018-Q2MitigatedAnnual report
「Amid stronger demand for infrastructure construction ahead of the Olympics and expectations of more redevelopment projects in the Tokyo metropolitan area, overall conditions continued to trend above the previous year, with the construction and electrical distribution sectors, which are major demand segments for copper wire, showing moderate growth.」
Against a backdrop of expectations for infrastructure construction related to the Tokyo Olympics and redevelopment in the Tokyo metropolitan area, the construction and electrical distribution sectors grew, and overall wire demand trended above the previous year. - FY2018-Q1MitigatedAnnual report
「Amid expectations of stronger demand for infrastructure construction ahead of the Tokyo Olympics, domestic demand overall continued to recover, with the construction and electrical distribution sectors, which are major demand segments for copper wire shipments, showing moderate growth.」
Compared with the previous description of weak corporate capital investment and demand from the construction and electrical distribution sectors, the disclosure now cites expected infrastructure construction demand ahead of the Tokyo Olympics and moderate growth in the construction and electrical distribution sectors, indicating an improved demand environment. - FY2017RestatedAnnual report
「Conditions in the wire industry remained difficult as corporate appetite for capital investment continued to stagnate and demand for copper wire for construction and electrical distribution, which accounts for 50% of total copper-wire shipments, fell sharply.」
The company continues to identify weak corporate appetite for capital investment and a sharp decline in construction and electrical distribution demand, which accounts for 50% of copper-wire shipments, as evidence of a difficult demand environment. - FY2017-Q3WorsenedAnnual report
「Conditions in the wire industry remained difficult as copper-wire shipments stagnated in response to weak corporate appetite for capital investment among companies maintaining a cautious stance. Domestic demand fell sharply in the construction and electrical distribution sectors, which account for 50% of total domestic demand.」
The continued stagnation in capital-investment appetite and sluggish copper-wire shipments, together with the sharp decline in the construction and electrical distribution sectors, a major component of domestic demand, further clarifies the difficult demand environment. - FY2017-Q2WorsenedAnnual report
「Shipments of major copper-wire products are sluggish due to a slowdown in capital investment against the backdrop of deteriorating corporate earnings.」
The description of difficult business conditions has become more severe, shifting from stalled capital investment and flat shipments to slower capital investment and sluggish copper-wire shipments. - FY2017-Q1First statedAnnual report
「The wire and cable industry remains in a challenging environment. As companies hold back on capital investment, shipments of copper wire to the construction and electrical-distribution sectors, the industry's main copper-wire end markets, have remained broadly flat.」
Stagnant capital investment and flat shipments to major end markets are identified as factors contributing to the wire and cable industry's challenging business environment.