Strengthening Orders for the Bridge and Maintenance Business, Primarily in Chubu and Tohoku

「鋼構造物製造事業におきましては、当第１四半期連結累計期間の総受注高は、35億9千万円(前年同期比596.0％増)となりました。」

「Steel highway bridge order volume was approximately 90,000 tonnes, down 28.2% year on year, and remained at a severe, historically low level, while competition for orders continued to intensify.」

「In the steel structure manufacturing business, total order intake for the current interim consolidated accounting period was ¥3.94 billion, as results were challenging for both bridges and steel frames, down 54.8% year on year.」

「Against this backdrop, our group secured large-scale new bridge construction projects, primarily those ordered by local governments. In addition, construction contracts were executed for projects subject to the technical proposal and negotiation method. As a result, order intake in the bridge segment was ¥19.62 billion, up 70.4% year on year.」

「In the steel structure manufacturing business, total order intake for the current interim consolidated accounting period was ¥8.73 billion, up 39.8% year on year.」

「In the bridge industry, steel highway bridge order volume was approximately 130,000 tonnes, down 14% year on year, and remained at a severe, historically low level, while competition for orders continued to intensify.」

「In the steel structure manufacturing business, order intake for the cumulative third quarter of the current consolidated fiscal year was ¥10.61 billion, a decrease of ¥11.92 billion, or 52.9%, year on year.」

「In the steel structure manufacturing business, total order intake for the cumulative second quarter of the current consolidated fiscal year was ¥6.25 billion, down 63.7% year on year.」

「In the steel structure manufacturing business, total order intake for the cumulative first quarter of the current consolidated fiscal year was ¥1.26 billion, down 89.9% year on year.」

「Against this backdrop, our group secured large-scale orders for both new bridge construction and bridge maintenance work. In addition, price negotiations were concluded for projects subject to the technical proposal and negotiation method, leading to the execution of construction contracts. As a result, order intake in the bridge segment was ¥29.06 billion, an increase of ¥17.73 billion, or 156.6%, year on year.」

「In the steel structure manufacturing business, order intake for the cumulative third quarter of the current consolidated fiscal year was ¥22.53 billion, an increase of ¥14.84 billion, or 192.8%, year on year.」

「In the steel structure manufacturing business, order intake for the cumulative second quarter of the current consolidated fiscal year was ¥17.23 billion, an increase of ¥13.25 billion, or 333.0%, year on year.」

「In the steel structure manufacturing business, total order intake for the cumulative first quarter of the current consolidated fiscal year was ¥12.51 billion, an increase of ¥9.91 billion, or 380.3%, year on year.」

「The volume of steel road bridge orders was approximately 190,000 tonnes, remaining at a difficult level below 200,000 tonnes for the third consecutive year, while competition for orders continued to intensify. Against this backdrop, although our group strengthened its technical proposal capabilities and, for projects won under the ECI method, proceeded from design to conclude a construction contract, orders received in the bridge division were ¥11.32 billion, down ¥1.93 billion, or 14.6%, year on year.」

「In the steel structure manufacturing business, orders received in the nine months ended December 31 were ¥7.69 billion, down ¥5.91 billion, or 43.5%, year on year.」

「In the steel structure manufacturing business, orders received in the six months ended September 30 were ¥3.97 billion, down ¥7.35 billion, or 64.9%, year on year.」

「In the steel structure manufacturing business, total orders received in the three months ended June 30 were ¥2.6 billion, down ¥3.86 billion, or 59.7%, year on year.」

「In the steel structure manufacturing business, orders received in the nine months ended December 31 were ¥13.61 billion, up ¥8.62 billion, or 173.2%, year on year.」

「In the steel structure manufacturing business, orders received in the six months ended September 30 were ¥11.33 billion, up ¥7.8 billion, or 220.7%, year on year.」

「In the steel structure manufacturing business, total orders received in the three months ended June 30 were ¥6.47 billion, up ¥5.88 billion, or 984.0%, year on year, due to the bridge division winning a major project.」

「In the new bridge construction business, recovering orders received and market share for new bridge construction is our highest-priority management issue in order to overcome the decline in orders received in fiscal 2019. As described above under “(2) Management Strategies, etc.,” we will work to secure orders by strengthening our sales and proposal capabilities.」

「In the steel structure manufacturing business, the substantial decline in the volume of steel bridge orders in fiscal 2019 had a significant adverse impact on our order-winning activities. As a result, total orders received in the nine months ended December 31 were ¥4.98 billion, down ¥6.43 billion, or 56.4%, year on year.」

「In the steel structure manufacturing business, orders received in the six months ended September 30 were ¥3.53 billion, down ¥3.71 billion, or 51.3%, year on year.」

「In the steel structure manufacturing business, total orders received in the three months ended June 30 were ¥590 million, down ¥3.68 billion, or 86.0%, year on year.」

「Our efforts to improve technical evaluation scores led to a recovery in orders for new bridge construction from the Ministry of Land, Infrastructure, Transport and Tourism. In the maintenance business, we won a major repair project to replace bridge decks, a long-awaited project since the Maintenance Division was established. As a result, orders received in the bridge division rose substantially to ¥15.38 billion, up ¥5.37 billion, or 53.7%, year on year.」

「In the steel structure manufacturing business, in addition to the results achieved through the six months ended September 30, we won orders mainly for bridge construction projects commissioned by the Kanto Regional Development Bureau and private-sector customers. As a result, total orders received in the nine months ended December 31 were ¥11.41 billion, up ¥3.35 billion, or 41.7%, year on year.」

「In the steel structure manufacturing business, in addition to the results achieved in the Tohoku region during the first quarter, we won orders related to the Hokuriku Shinkansen and private railways. As a result, total orders received in the six months ended September 30 were ¥7.25 billion, up ¥2.82 billion, or 63.7%, year on year.」

「In the steel structure manufacturing business, despite the difficult order environment continuing from the previous fiscal year, we won a major expressway project in the Tohoku region. As a result, total orders received in the three months ended June 30 were ¥4.28 billion, up ¥2.03 billion, or 91.0%, year on year.」

「Amid an extremely difficult order environment due to the impact of the suspension of operations and other measures, we devoted ourselves to winning orders in an effort to restore customer trust and recover, even partially, the order volume that had fallen sharply following last year’s suspension from designated bidding and other measures. As a result, orders received in the bridge division were ¥10.0 billion, up ¥5.05 billion, or 101.9%, year on year.」

「In the steel structure manufacturing business, although the impact remained from the suspension of operations that ended in October last year, we actively pursued sales activities outside the restricted areas and orders for private-sector projects. As a result, total orders received in the nine months ended December 31 were ¥8.15 billion, up ¥4.9 billion, or 155.7%, year on year.」

「In the steel structure manufacturing business, despite restrictions on our operating areas due to the suspension of operations, we pursued orders across a wide range of areas. As a result, total orders received in the six months ended September 30 were ¥4.42 billion, up ¥2.47 billion, or 127.1%, year on year.」

「In the steel structure manufacturing business, we were subject to suspension of operations in the 4 prefectures of Aichi, Gifu, Mie and Shizuoka from 26 May 2017 to 29 September 2017 due to the bribery incident the previous fiscal year. Accordingly, during the first quarter of the fiscal year under review, we focused our sales activities on private-sector projects and areas outside the Chubu region. As a result, total orders received in the three months ended June 30 were ¥2.24 billion, up ¥1.32 billion, or 145.3%, year on year.」

「In the steel structure manufacturing business, total orders received in the nine months ended December 31 were ¥3.15 billion, down ¥7.55 billion, or 70.6%, year on year, due to the impact of measures including suspension from designated bidding associated with the incident.」

「We were working to secure an order volume sufficient to achieve our group’s medium-term management plan, but total orders received in the six months ended September 30 were ¥1.95 billion, down ¥7.24 billion, or 78.8%, year on year.」

「The national budget for public works-related spending in fiscal 2016 was secured at the previous fiscal year’s level, and total orders in the bridge industry were expected to remain at about the previous year’s level. Against this backdrop, our group worked to secure a stable volume of orders in order to achieve the medium-term management plan. Total orders received in the first quarter of the fiscal year under review were ¥910 million, down ¥230 million, or 20.4%, year on year.」

「From fiscal 2016 onward, with respect to the bridge construction and maintenance businesses, we further strengthened order-winning activities in our core Chubu region and in the Tohoku region, where reconstruction projects were expected to peak,」