Risk of Weak Demand for Construction Machinery in China and Emerging Markets
First written in FY2016. 17 of 34 entries say "Restated". Latest entry: 2026-09-10.
Kyowakogyosyo moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「In the construction machinery industry, our group’s main customer market, cautious views about the outlook have become widespread due to the slowdown in the Chinese economy and uncertainty over additional U.S. tariffs.」
The report continues to state that cautious views about the outlook for the construction equipment industry have become widespread due to China’s economic slowdown and uncertainty surrounding additional U.S. tariffs. - FY2025WorsenedAnnual report
「In the construction equipment industry, the Group’s major sales market, uncertainty surrounding China’s economic slowdown and the United States’ additional tariff measures has increased, resulting in a cautious outlook.」
The report cites a slowdown in the Chinese economy, compounded by uncertainty from additional U.S. tariff measures. Together with the reference to declining demand in the construction equipment industry, this indicates that uncertainty in the demand environment, including China and emerging markets, has intensified again. - FY2024MaterialisedAnnual report
「Production and sales volumes declined in the construction equipment industry, the Company’s main sales market, due to lower demand.」
Although demand in the construction equipment industry had previously been considered firm, the report states that it declined during the fiscal year, and revenue from the construction equipment segment fell 17.0% year on year. - FY2024-Q2RestatedAnnual report
「Demand in the construction equipment industry, a major customer industry, remained firm, as it had in the previous period.」
The report states that demand in the construction equipment industry remained firm from the previous period, reaffirming that the risk of weak demand, including in China and emerging markets, had eased. - FY2024-Q1RestatedAnnual report
「Demand in the construction equipment industry, a major customer industry, remained firm, as it had in the previous period.」
The report states that demand in the construction equipment industry remained firm from the previous period, reaffirming that the risk of weak demand, including in China and emerging markets, had eased. - FY2023RestatedAnnual report
「Demand in the construction equipment industry, a major customer industry, remained firm, as it had in the previous period.」
Construction equipment demand remained firm from the previous period, reaffirming that the risk of weak demand, including in China and emerging markets, had eased. - FY2023-Q3RestatedAnnual report
「Demand in the construction equipment industry, a major customer industry, remained firm, as it had in the previous period.」
Construction equipment demand remained firm from the previous period, reaffirming that the risk of weak demand, including in China and emerging markets, had eased. - FY2023-Q2RestatedAnnual report
「Demand in the construction equipment industry, a major customer industry, remained firm, as it had in the previous period.」
The report states that construction equipment demand, including in China and emerging markets, remained firm from the previous period, reaffirming that the risk of weak demand had eased. - FY2022RestatedAnnual report
「In the construction equipment industry, a major customer industry, the impact of the infectious disease in the previous period diminished and demand remained firm.」
The report cites the diminishing impact of the infectious disease in the previous period and firm construction equipment demand, indicating that the risk of weak demand, including in China and emerging markets, remained mitigated. - FY2022-Q2RestatedAnnual report
「Demand in the construction equipment industry, a major customer industry, remained firm as the impact of the novel coronavirus disease diminished.」
The report cites the diminishing impact of the novel coronavirus disease and firm construction equipment demand, indicating that the risk of weak demand, including in China and emerging markets, remained partly mitigated. - FY2021MitigatedAnnual report
「Demand in the construction equipment industry, a major customer industry, is recovering after being affected by a sharp decline in demand, but the current infection situation remains unpredictable.」
The report states that the construction equipment industry began recovering after experiencing a sharp decline in demand, partly mitigating the risk of weak demand, including in China and emerging markets. However, uncertainty related to the infection situation remains. - FY2021-Q3MitigatedAnnual report
「Demand in the construction equipment industry, a major customer industry, is recovering after being affected by a sharp decline in demand, but the current infection situation remains unpredictable.」
The report states that demand in the construction equipment industry began recovering after a sharp decline, partly mitigating the risk of weak demand, including in China and emerging markets. At the same time, it notes that the infection situation remains unpredictable. - FY2021-Q1WorsenedAnnual report
「In the construction equipment industry, demand declined sharply outside China and Japan as economic activity stagnated due to the spread of the novel coronavirus.」
In addition to the previously reported weakness in demand in China, Indonesia, and elsewhere, the report cites stagnation in economic activity and a sharp decline in demand across regions outside China and Japan due to the spread of the novel coronavirus, indicating that the affected regions have expanded. - FY2020MaterialisedAnnual report
「In China, demand declined due to the effects of the spread of the coronavirus and the increasing share of domestic manufacturers. In Asia and Oceania, demand for mining equipment declined in Indonesia, the largest market. Demand for general construction equipment remained weak across the region, which was also affected by the spread of the coronavirus.」
The report states that construction equipment demand actually declined or remained weak in China, Indonesia, and other parts of Asia and Oceania. - FY2020-Q3WorsenedAnnual report
「In China, demand fell below the previous year as uncertainty about the domestic economy intensified and the share of domestic manufacturers increased. In Asia and Oceania, demand for mining equipment in Indonesia, the largest market, declined amid low thermal coal prices, while demand for general construction equipment remained weak across the region.」
Demand in China fell below the previous year, mining equipment demand in Indonesia declined, and demand for general construction equipment in countries across Asia and Oceania was also weak. The range of regions and applications experiencing weakness has expanded. - FY2020-Q2WorsenedAnnual report
「In China, the U.S.-China trade dispute has continued for an extended period and uncertainty about the domestic economy has intensified. Against this backdrop, domestic manufacturers have increased their share of unit sales, and revenue is below the same period of the previous year. In Asia, demand for mining equipment in Indonesia has declined as thermal coal prices have remained low.」
In addition to weak demand in China, the report cites declining demand for mining equipment in Indonesia due to low thermal coal prices, confirming that weakness has spread across more regions and applications. - FY2020-Q1MaterialisedAnnual report
「In the construction equipment industry, demand for both general and mining construction equipment remained firm in North America, while demand for general construction equipment in China declined as uncertainty about the domestic economy intensified due to the prolonged U.S.-China trade dispute.」
The report states that in China, growing uncertainty about the domestic economy accompanying the prolonged U.S.-China trade dispute coincided with declining demand for general construction equipment. Firm demand in North America coexisted with declining demand in China. - FY2019RestatedAnnual report
「Overseas, demand related to energy and infrastructure projects in the United States remained firm. In China, demand growth slowed from the previous period, but infrastructure projects remained firm nationwide. Demand for mining equipment in Asia and Oceania also remained strong, supported by high resource prices.」
In China, slower demand growth coexisted with firm infrastructure activity, while mining equipment demand in Asia and Oceania remained strong, reaffirming the coexistence of differing conditions by region and application. - FY2019-Q3RestatedAnnual report
「Although demand growth in China slowed from the same period of the previous year, infrastructure projects remained firm nationwide. Demand for mining equipment also remained strong, supported by high resource prices.」
In China, slower demand growth coexisted with firm infrastructure activity, while mining equipment demand remained strong, supported by high resource prices, reaffirming the coexistence of differing conditions by region and application. - FY2019-Q2Slower demand growth in China alongside strong demand in resource-rich countriesAnnual report
「Overseas, demand related to energy and infrastructure projects in the United States remained firm. In China, demand growth slowed from the same period of the previous year, but infrastructure projects remained active nationwide. Demand for mining equipment in Indonesia and Australia also remained strong, supported by high resource prices.」
While growth in construction equipment demand in China slowed from the same period of the previous year, infrastructure projects remained firm, and mining equipment demand in Indonesia and Australia also remained strong. Regional recovery and strength coexisted with slower growth. - FY2019-Q1RestatedAnnual report
「In the construction equipment industry, sales of hydraulic excavators increased in North America and China, while demand for mining equipment remained firm, supported by high resource prices.」
The report continued to cite higher hydraulic excavator sales in North America and China and firm mining equipment demand supported by high resource prices, indicating that the risk of weak demand in China and emerging markets remained mitigated. - FY2018RestatedAnnual report
「Overseas, demand in North America, particularly for infrastructure and energy-related projects, increased, while China recovered sharply, supported by public investment, including fixed-asset investment and infrastructure investment.」
The recovery in overseas construction equipment demand, including in China, continued to be reported, reaffirming that the risk of weak demand in China and emerging markets reported through the previous year had eased. - FY2018-Q3RestatedAnnual report
「Overseas, demand related to infrastructure and energy in the United States remained firm. In China, nationwide infrastructure projects progressed and demand for general construction equipment increased sharply. Demand for mining equipment in Indonesia and Australia also increased significantly as resource prices rose.」
Recovery and growth in demand for general construction equipment in China and mining equipment in Indonesia and Australia continued, reaffirming that the risk of weak demand reported through the previous year had eased. - FY2018-Q2MitigatedAnnual report
「Overseas, demand related to infrastructure and energy in the United States remained firm. In China, nationwide infrastructure projects progressed and demand for general construction equipment increased sharply. Demand for mining equipment in Indonesia and Australia also increased significantly as resource prices rose.」
The report states that, in addition to stronger demand for general construction equipment in China, demand for mining equipment in Indonesia and Australia also increased significantly, indicating that recovery from the weak demand risk reported through the previous year continued. - FY2018-Q1MitigatedAnnual report
「Overseas, demand for general construction equipment expanded in North and South America. In China, nationwide infrastructure projects progressed and demand for general construction equipment increased sharply. In Indonesia, demand for mining equipment also increased as coal prices rose.」
Regarding overseas demand, including in China and Indonesia, where weakness had been reported through the previous year, the report states that demand for general construction equipment in China increased sharply during the quarter and demand for mining equipment in Indonesia also increased. - FY2017MitigatedAnnual report
「China recovered sharply, supported by public investment, including government-backed fixed-asset investment and infrastructure investment.」
The report states that, whereas weak construction equipment demand in China had been reported through the previous year, demand recovered sharply in China with support from public investment. - FY2017-Q3RestatedAnnual report
「Overseas, demand for general construction equipment in the United States remained firm. China also began to recover, supported by public investment, including government-backed fixed-asset investment and infrastructure investment.」
While U.S. strength and China’s recovery trend driven by public investment continued, the outlook for emerging and resource-rich markets overseas remained uncertain, with no material change indicated in the coexistence of regional recovery and weakness. - FY2017-Q2Recovery and weakness coexisting across regionsAnnual report
「The construction equipment industry was affected in Japan by the backlash from rush demand ahead of the exhaust-emissions regulations introduced sequentially from fiscal 2013, as well as by the end of demand from the rental industry. Overseas, demand from general users in the United States remained firm, while China began to recover, supported by public investment, including government-backed fixed-asset investment and infrastructure investment. However, demand for mining equipment in the resource-rich countries of Indonesia and Australia remained weak.」
While construction equipment demand in China was recovering on the back of public investment, weak demand for mining equipment in Indonesia and Australia continued, indicating that demand conditions in emerging and resource-rich countries were uneven. - FY2017-Q1MaterialisedAnnual report
「The global economy remained uncertain, although U.S. personal consumption was firm, growth continued to slow in ASEAN countries, and China also remained on a slowing trend.」
The report states that China’s slowdown and slower growth in ASEAN countries continued, while weak demand for construction and mining equipment emerged in Latin America, including Brazil, and Indonesia. - FY2016First statedAnnual report
「This was because sales of the Group’s core products for construction equipment fell sharply as a result of weaker demand for mining equipment due to slower growth in emerging markets, led by China, and low resource prices.」
It explains that weaker demand caused by slower growth in emerging markets and low resource prices actually materialized as a decline in construction equipment product sales during the fiscal year.