Performance Fluctuations Due to Seasonal and Climate Changes

「Initial deliveries of heating equipment progressed steadily as distribution inventories returned to appropriate levels compared with the previous year, and exports of oil-fired heating equipment also performed steadily. However, heating equipment overall fell below the previous fiscal year, partly because temperatures during the demand season remained high nationwide.」

「Sales of air-conditioning and household electrical appliances were ¥11,008 million, down 9.1% from the previous interim consolidated accounting period. Although window-mounted room air conditioners, which do not require installation work, performed well, sales of split-type units fell below the previous interim consolidated accounting period due in part to intensified competition among manufacturers. Dehumidifier sales also struggled, affected in part by the early end of the rainy season, and total sales of air-conditioning and household electrical appliances fell below the previous interim consolidated accounting period.」

「However, in addition to excess distribution inventories from the previous year, temperatures remaining high nationwide during the first half of the peak demand season also affected results, and total heating equipment sales fell below the previous fiscal year.」

「However, due to excess distribution inventories resulting from last year's warm winter and the lingering summer heat, total heating equipment sales fell below the previous interim consolidated accounting period.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is in high demand in winter, its results are subject to seasonal fluctuations. Sales and profit tend to increase in the third quarter of the fiscal year, when heating equipment accounts for a higher proportion of the product mix.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is in high demand in winter, its results are subject to seasonal fluctuations. Sales and profit tend to increase in the third quarter of the fiscal year, when heating equipment accounts for a higher proportion of the product mix.」

「Although the company pursued sales proposals centered on products designed for cleanliness and ease of maintenance ahead of the summer peak demand season, room air-conditioner sales fell below the same quarter of the previous year due to consumers postponing purchases, intensified competition among manufacturers and relatively low temperatures in some regions compared with the previous year.」

「In the fiscal year ended March 2023, the Group's consolidated sales mix by product category was 32.2% for heating equipment, 16.4% for air-conditioning and household electrical appliances, 43.4% for residential equipment and 8.0% for other products. Sales of heating equipment tend to be concentrated in the third quarter, from autumn through winter.」

「The company worked to produce and supply oil fan heaters, oil-fired heaters for cold regions and portable oil stoves during the peak demand season. The arrival of a cold wave from mid-December, heightened disaster preparedness awareness following heavy snowfall and power outages, and increased attention to low-power-consumption oil-fired heaters amid soaring electricity costs also supported sales, and total heating equipment sales exceeded the same quarter of the previous year.」

「Sales of air-conditioning and household electrical appliances were ¥11,914 million, down 9.8% year on year. Although room air conditioners and spot coolers benefited from relatively high temperatures nationwide, sales fell below the same quarter of the previous year due in part to unsettled weather and intensified competition among manufacturers. The company also launched a large dehumidifier with enhanced clothes-drying functionality and pursued sales activities, but sales fell below the same quarter of the previous year due in part to unsettled weather during the peak demand season.」

「Although the company pursued sales proposals for room air conditioners and spot coolers ahead of the summer peak demand season and advanced flexible production and supply, temperatures did not become substantially hot through mid-June, and sales fell below the same quarter of the previous year. The company also launched a large dehumidifier that achieved industry-leading clothes-drying times and pursued sales activities, but sales fell below the same quarter of the previous year in part because the rainy season ended early nationwide.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is in high demand in winter, its results are subject to seasonal fluctuations. Sales and profit tend to increase in the third quarter of the fiscal year, when heating equipment accounts for a higher proportion of the product mix.」

「In preparation for the peak demand season, the company conducted sales activities for oil-fired heaters for cold regions and oil fan heaters. However, as temperatures remained relatively high from mid-September, total heating equipment sales fell below the same quarter of the previous year.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is in high demand in winter, its results are subject to seasonal fluctuations. Sales and profit tend to increase in the third quarter of the fiscal year, when heating equipment accounts for a higher proportion of the product mix.」

「In the fiscal year ended March 2021, the Group's consolidated sales mix by product category was 32.3% for heating equipment, 23.1% for air-conditioning and household electrical appliances, 37.8% for residential equipment and 6.8% for other products. Sales of heating equipment tend to be concentrated in the third quarter, from autumn through winter.」

「The cold wave that arrived from mid-December also supported sales, and total heating equipment sales exceeded the same quarter of the previous year.」

「Heating equipment sales were ¥7,121 million, down 10.3% year on year. In preparation for the peak demand season, the company conducted sales activities for the new oil-fired heater FIRNEO（フィルネオ）for cold regions, oil fan heaters and far-infrared electric heaters, but sales were affected by record lingering summer heat. In addition, the previous year saw rush demand ahead of the consumption tax increase, which brought sales forward, and total heating equipment sales fell below the same quarter of the previous year.」

「Room air-conditioner sales performed well, helped by relatively high temperatures, retailers' early sales proposals and increased time spent at home accompanying the spread of COVID-19.」

「In addition to launching the new natural-convection electric heater NOILHEAT(ノイルヒート), the company pursued sales activities for oil fan heaters and other products. However, in addition to unusually warm and relatively snowless weather nationwide, consumers postponed purchases following the consumption tax increase, and total heating equipment sales fell below the previous fiscal year.」

「In addition to launching the new natural-convection electric heater NOILHEAT（ノイルヒート）, the company pursued sales activities for oil fan heaters and other products. However, in addition to unusually warm and relatively snowless weather nationwide, consumers postponed purchases following the consumption tax increase, and total heating equipment sales fell below the same quarter of the previous year.」

「Sales of air-conditioning and household electrical appliances were ¥15,015 million, down 5.7% year on year. The company focused on selling value-added room air-conditioner models, and window-mounted models performed well, but sales of cooling-only models remained weak due to unsettled weather through July. Dehumidifier sales also fell below the same quarter of the previous year, affected in part by the late start of the rainy season, and total sales of air-conditioning and household electrical appliances fell below the same quarter of the previous year.」

「Although window-mounted room air conditioners performed well, sales of heating-and-cooling models and cooling-only models struggled due in part to unsettled weather, and total room air-conditioner sales fell below the same quarter of the previous year. Dehumidifier sales also fell below the same quarter of the previous year, affected in part by the late start of the rainy season, and total sales of air-conditioning and household electrical appliances fell below the same quarter of the previous year.」

「However, sales of oil fan heaters, the company's mainstay product, struggled due to the impact of the warm winter, and total heating equipment sales fell below the previous fiscal year.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is in high demand in winter, its results are subject to seasonal fluctuations. Sales and profit tend to increase in the third quarter of the fiscal year, when heating equipment accounts for a higher proportion of the product mix.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is in high demand in winter, its results are subject to seasonal fluctuations. Sales and profit tend to increase in the third quarter of the fiscal year, when heating equipment accounts for a higher proportion of the product mix.」

「In the fiscal year ended March 2018, the Group's consolidated sales mix by product category was 34.7% for heating equipment, 22.3% for air-conditioning and household electrical appliances, 34.7% for residential equipment and 8.3% for other products. Sales of heating equipment tend to be concentrated in the third quarter, from autumn through winter.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is in high demand in winter, its results are subject to seasonal fluctuations. Sales and profit tend to increase in the third quarter of the fiscal year, when heating equipment accounts for a higher proportion of the product mix.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is in high demand in winter, its results are subject to seasonal fluctuations. Sales and profit tend to increase in the third quarter of the fiscal year, when heating equipment accounts for a higher proportion of the product mix.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are summer products, and heating equipment, which is a winter product, its results are subject to seasonal fluctuations. Sales tend to be concentrated in the third quarter of the fiscal year, while sales in the first and fourth quarters tend to be lower.」

「In the fiscal year ended March 2017, the Group's consolidated sales mix by product category was 34.2% for heating equipment, 22.0% for air-conditioning and household electrical appliances, 34.4% for residential equipment and 9.4% for other products. Sales of heating equipment tend to be concentrated in the third quarter, from autumn through winter.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are in high demand in summer, and heating equipment, which is a winter product, its results are subject to seasonal fluctuations. Sales tend to be concentrated in the third quarter of the fiscal year, while sales in the first and fourth quarters tend to be lower.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are summer products, and heating equipment, which is a winter product, its results are subject to seasonal fluctuations. Sales tend to be concentrated in the third quarter of the fiscal year, while sales in the first and fourth quarters tend to be lower.」

「Because the Group handles residential equipment, which is sold year-round, as well as air-conditioning and household electrical appliances, primarily room air conditioners, which are summer products, and heating equipment, which is a winter product, its results are subject to seasonal fluctuations. Sales tend to be concentrated in the third quarter of the fiscal year, while sales in the first and fourth quarters tend to be lower.」

「In addition, sales of heating equipment and air-conditioning and household electrical appliances may be affected by climate and temperature. The Group is working to reduce climate-related earnings volatility by increasing the proportion of sales accounted for by residential equipment.」