Sluggish demand and order intake for civil engineering and construction-related products and construction machinery parts
First written in FY2017-Q1. 9 of 39 entries say "Restated". Latest entry: 2026-08-06.
Neturen moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
1 other company's latest entry also says "Mitigated".
- FY2026Demand fluctuations by product and region continueAnnual report
「Revenue from civil engineering and construction products decreased year on year as the effects of weakness in the construction industry, labor shortages, construction delays, and delayed project starts caused by soaring construction material prices continued. Revenue from high-strength spring steel wire for automotive products increased year on year. Domestic sales declined due to lower production support for some customers and lackluster unit sales by some automakers using the company's products, but overseas sales remained firm. Revenue from construction machinery products increased year on year in both Japan and China, mainly due to higher orders from customers and the effects of selling price revisions.」
Civil engineering and construction products and domestic automotive products declined, while overseas automotive products and construction machinery products in Japan and China increased. Differences in demand by product and region continue. - FY2026-H1Demand fluctuations by product and region continueAnnual report
「Revenue from civil engineering and construction products decreased year on year as the effects of weakness in the construction industry, labor shortages, construction delays, and delayed project starts caused by soaring construction material prices continued. Revenue from high-strength spring steel wire for automotive products decreased year on year. Although overseas sales remained firm, domestic sales declined because production support that had continued for some customers decreased. Revenue from construction machinery products increased year on year in both Japan and China, mainly due to higher orders from customers and the effects of selling price revisions.」
Civil engineering and construction products and domestic automotive products declined, while construction machinery products increased in Japan and China. Differences in demand by product and region continue. - FY2025-H1Demand fluctuations by product and region continueAnnual report
「Revenue from civil engineering and construction products increased year on year, despite the continuing effects of weakness in the construction industry, labor shortages in the building industry, construction delays, and delayed project starts caused by soaring construction material prices. The increase was mainly due to a shift to growth in the number of building projects adopting the company's high-strength shear reinforcement bars and the passing of higher costs, including steel, labor, electricity, and transportation, on to selling prices. Revenue from high-strength spring steel wire for automotive products also increased year on year. Although it was affected by concerns over economic downturns in China and the United States, this was more than offset by catch-up production following shipment and production stoppages at some automakers and other customers in Japan. Revenue from construction machinery products decreased year on year as weak construction market conditions continued in both Japan and China.」
Civil engineering and construction products and automotive products turned to growth, while construction machinery products declined amid weak market conditions in Japan and China. Differences in demand by product and region continue. - FY2024Demand fluctuations by product and region continueAnnual report
「Revenue from civil engineering and construction products decreased year on year, despite progress in passing higher costs, including steel and electricity, on to selling prices, due to delays in construction projects caused by soaring construction material prices and delays in construction progress caused by labor shortages and working-hour regulations. Revenue from construction machinery products also decreased year on year in both Japan and China, as sales volumes of the core small and medium-sized models declined amid weak construction market conditions. By contrast, revenue from automotive products increased year on year. Although domestic shipments and production stoppages at some automakers and other customers had an impact, orders recovered globally.」
Automotive products increased on a global recovery in orders, while civil engineering and construction products declined due to construction delays and construction machinery products declined amid weak market conditions in Japan and China. Differences in demand by product and region continue. - FY2024-Q3Demand fluctuations by product and region continueAnnual report
「Revenue from civil engineering and construction products decreased year on year, despite progress in passing higher costs, including steel and electricity, on to selling prices, due to delays in construction projects caused by soaring construction material prices and delays in construction progress caused by labor shortages and working-hour regulations. Revenue from construction machinery products also decreased year on year in both Japan and China, as sales volumes of small and medium-sized models declined amid weak construction market conditions. By contrast, revenue from automotive products increased year on year as orders continued to recover.」
Automotive products recovered, while civil engineering and construction products declined due to construction delays caused by soaring construction material prices, labor shortages, and working-hour regulations. Construction machinery products also declined due to lower sales volumes of small and medium-sized models in Japan and China. Differences in demand by product and region continue. - FY2024-Q2Demand fluctuations by product and region continueAnnual report
「Revenue from civil engineering and construction products decreased year on year, despite progress in passing higher costs, including steel and electricity, on to selling prices, due to construction delays caused by labor shortages and other factors. Revenue from automotive products increased year on year as orders continued to recover. Revenue from construction machinery products decreased year on year because sales volumes of the core small and medium-sized models declined in both Japan and China.」
Automotive products recovered, while civil engineering and construction products declined due to construction delays and construction machinery products declined due to lower sales volumes of small and medium-sized models in Japan and China. Differences in demand by product and region continue. - FY2024-Q1Differences in recovery by product and region, and weaker demand in some areasAnnual report
「Revenue from automotive products increased year on year. Sales volumes were sluggish in China due to lower production by major customers, although they remained firm in Japan, the United States, and Europe. Revenue from construction machinery products decreased year on year, mainly because sales volumes declined in Japan.」
Automotive products remained sluggish in China but increased in Japan, the United States, and Europe, while construction machinery products declined as domestic sales fell. Differences in demand by product and region continue. - FY2023RestatedAnnual report
「Revenue from civil engineering and construction products increased year on year, mainly because orders remained firm and the company made progress in passing higher costs, including materials and electricity, on to selling prices for civil engineering products. Revenue from automotive products increased year on year, mainly because sales volumes grew overseas. Revenue from construction machinery products increased year on year as orders remained firm.」
Revenue or orders for civil engineering and construction, automotive, and construction machinery products exceeded the prior year, while the automotive industry's full recovery has not yet been achieved. The continuing differences in recovery by product and industry are also reported. - FY2023-Q3RestatedAnnual report
「Revenue from civil engineering and construction products increased year on year, mainly because orders remained firm and the company made progress in passing higher costs, including materials and electricity, on to selling prices for civil engineering products. Revenue from automotive products increased year on year, mainly because sales volumes grew primarily overseas, the company made progress in passing higher costs, including materials and electricity, on to selling prices, and the yen's depreciation had an impact. Revenue from construction machinery products increased year on year as orders remained firm.」
Revenue or orders for civil engineering and construction, automotive, and construction machinery products exceeded the prior-year period, and the reduced risk of weak demand continues to be reported. - FY2023-Q2RestatedAnnual report
「Revenue from civil engineering and construction products increased year on year, mainly because orders remained firm and the company made progress in passing higher costs, including materials and electricity, on to selling prices for civil engineering products. Revenue from automotive products increased year on year, mainly because sales volumes grew primarily overseas, the company made progress in passing higher costs, including materials and electricity, on to selling prices, and the yen's depreciation had an impact. Revenue from construction machinery products increased year on year as orders remained firm.」
Revenue increased across civil engineering and construction, automotive, and construction machinery products, and the reduced risk of weak demand continues to be reported. However, some delays in passing higher costs on to selling prices remain. - FY2023-Q1RestatedAnnual report
「Revenue from civil engineering and construction products increased year on year, mainly because orders remained firm. Revenue from automotive products also increased year on year, mainly because sales volumes grew in China. Revenue from construction machinery products increased year on year as orders remained firm.」
Revenue or orders for civil engineering and construction, automotive, and construction machinery products exceeded the prior-year period, and the reduced risk of weak demand continues to be reported. - FY2022MitigatedAnnual report
「Revenue from civil engineering and construction-related products increased from the same period of the previous year as construction demand remained firm. Revenue from automotive-related products increased from the same period of the previous year as the global automotive market recovered from its slowdown. Revenue from construction machinery-related products increased from the same period of the previous year mainly because sales volume grew in Japan.」
Revenue increased across civil engineering and construction, automotive, and construction machinery products, and the risk of weak demand by product continues to ease. - FY2022-Q3MitigatedAnnual report
「Revenue from civil engineering and construction-related products increased slightly from the same period of the previous year as construction demand remained firm. Revenue from automotive-related products increased from the same period of the previous year as the global automotive market recovered from its slowdown. Revenue from construction machinery-related products increased from the same period of the previous year as sales volume grew in Japan and China.」
The risk of weak demand by product continues to ease, supported by firm construction demand, recovery in the automotive market, and higher construction machinery sales in Japan and China. - FY2022-Q2MitigatedAnnual report
「Revenue from civil engineering and construction-related products remained at the level of the same period of the previous year, with no significant overall change in construction demand. Revenue from automotive-related products increased from the same period of the previous year as the global automotive market recovered from its slowdown. Revenue from construction machinery-related products increased from the same period of the previous year as sales volume grew in Japan and China.」
Civil engineering and construction-related products remained at the level of the same period of the previous year, while automotive-related products recovered from the global market slowdown and construction machinery-related products also increased in Japan and China, further easing the risk of weak demand. - FY2022-Q1MitigatedAnnual report
「Revenue from civil engineering and construction-related products remained at the level of the same period of the previous year, with no significant overall change in construction demand. Revenue from automotive-related products increased sharply from the same period of the previous year as the global automotive market recovered from its slowdown. Revenue from construction machinery-related products increased from the same period of the previous year as sales volume grew in Japan and China.」
Civil engineering and construction-related products remained at the level of the same period of the previous year, while automotive-related products increased sharply as the global market recovered from its slowdown, and construction machinery-related products also increased in Japan and China. Overall, the risk of weak demand by product is easing. - FY2021Product-specific recovery gap continuesAnnual report
「Revenue from civil engineering and construction-related products increased slightly from the same period of the previous year as the company secured sales volume despite construction delays caused by the spread of COVID-19. Revenue from automotive-related products declined sharply from the same period of the previous year, heavily affected by the global market slowdown caused by the spread of COVID-19 during the first half of the fiscal year. Revenue from construction machinery-related products increased from the same period of the previous year as sales volume grew in China, where the recovery was faster, despite the impact of the global market slowdown caused by the spread of COVID-19.」
Civil engineering and construction-related products and construction machinery-related products in China increased, while automotive-related products declined sharply, with differences in demand recovery by product continuing. - FY2021-Q3Recovery in business conditions coexists with weakness by productAnnual report
「Revenue from civil engineering and construction-related products increased slightly from the same period of the previous year as the company secured sales volume despite construction delays caused by the spread of COVID-19. Revenue from automotive-related products declined sharply from the same period of the previous year as COVID-19 severely affected the business and demand declined worldwide. Revenue from construction machinery-related products increased in China from the same period of the previous year, but declined in Japan because orders decreased amid the spread of COVID-19 and other factors.」
Civil engineering and construction-related products increased slightly as sales volume was secured, and construction machinery-related products in China also increased. In contrast, automotive-related products declined sharply and construction machinery-related products in Japan also declined, indicating divergent demand trends by business area. - FY2021-Q2WorsenedAnnual report
「Revenue from automotive-related products declined sharply from the same period of the previous year as COVID-19 severely affected the business and demand declined worldwide. Revenue from construction machinery-related products recovered to roughly the level of the same period of the previous year in China, but declined in Japan because orders decreased amid the spread of COVID-19 and other factors.」
Global demand for automotive-related products and domestic orders for construction machinery-related products continued to decline, while weak demand persisted. Demand for construction machinery-related products in China recovered to roughly the level of the same period of the previous year. - FY2021-Q1WorsenedAnnual report
「Revenue from automotive-related products declined sharply from the same period of the previous year as COVID-19 severely affected the business and demand declined worldwide. Revenue from construction machinery-related products also declined from the same period of the previous year because orders decreased amid the spread of COVID-19 and other factors.」
The impact of COVID-19 has appeared as a sharp decline in demand for automotive-related products and lower orders for construction machinery-related products. - FY2020WorsenedAnnual report
「Revenue from civil engineering and construction-related products declined from the same period of the previous year because the number of large projects, including Olympic-related projects, and the number of high- and mid-rise condominium starts decreased. Revenue from automotive-related products declined from the same period of the previous year as firm domestic sales of high-strength spring steel wire (ITW) were offset by sluggish sales in Europe. Revenue from construction machinery-related products declined from the same period of the previous year because of a slowdown in overseas construction machinery markets. Revenue from machine-tool-related products declined because of lower customer demand and other factors.」
Factors behind lower revenue are cited across multiple areas, including civil engineering and construction, automotive, construction machinery and machine tools, indicating that weak demand is affecting a broad range of product areas. - FY2020-Q3RestatedAnnual report
「Revenue was ¥36,032 million, down 7.7% year on year, due mainly to lower orders from the automotive, construction machinery and machine-tool industries.」
Lower orders from the automotive, construction machinery and machine-tool industries continue to be cited as factors behind the company-wide decline in revenue. - FY2020-Q2WorsenedAnnual report
「Revenue from civil engineering and construction-related products declined from the same period of the previous year because the number of large projects, including Olympic-related projects, decreased and adoption of new products and construction methods introduced from the end of fiscal 2018 was delayed. Revenue from automotive components declined mainly in China and Europe. Revenue from construction machinery components declined because customers’ sales to China and Southeast Asia decreased. Revenue from machine-tool components declined because of lower customer demand and other factors.」
Factors behind lower revenue were cited for civil engineering and construction, automotive, construction machinery and machine-tool products, indicating that weak demand is spreading across multiple areas. - FY2020-Q1WorsenedAnnual report
「Revenue from civil engineering and construction-related products declined from the same period of the previous year because the number of large projects, including Olympic-related projects, decreased and adoption of new products and construction methods introduced from the end of fiscal 2018 was delayed. Revenue from automotive components declined in overseas markets and at overseas locations, but firm domestic sales enabled revenue to remain at the level of the same period of the previous year. Revenue from construction machinery components declined from the same period of the previous year because sales declined in Japan and overseas.」
Weak demand is spreading across multiple product areas because of the decline in large projects, delays in adopting new products and construction methods, lower overseas sales of automotive components, and lower domestic and overseas sales of construction machinery components. - FY2019RestatedAnnual report
「Revenue from construction-related products increased from the same period of the previous year as large projects adopting the company’s products performed well. However, revenue from civil engineering-related products declined because the markets served by major customers failed to grow and construction starts were delayed because of delays in starting production of related components and other factors.」
The company also reports for the full fiscal year the divergence in demand by product area, with construction-related products increasing and civil engineering-related products declining. - FY2019-Q3RestatedAnnual report
「Revenue from construction-related products increased from the same period of the previous year as large projects adopting the company’s products performed well. However, revenue from civil engineering-related products declined because the markets served by major customers failed to grow and construction starts were delayed because of delays in starting production of related components and other factors. In contrast, revenue from high-strength spring steel wire (ITW) increased from the same period of the previous year as overseas sales remained firm.」
The company continues to report divergent demand by product area, with construction-related products and overseas ITW sales increasing while civil engineering-related products declined. - FY2019-Q2Product-specific demand divergence continuesAnnual report
「Revenue from construction-related products increased from the same period of the previous year as large projects adopting the company’s products performed well. However, revenue from civil engineering-related products declined because the markets served by major customers failed to grow and construction starts were delayed because of delays in starting production of related components and other factors. In contrast, revenue from high-strength spring steel wire (ITW) increased from the same period of the previous year as overseas sales remained firm, despite a lack of growth in Japan.」
Construction-related products and overseas ITW sales increased, while civil engineering-related products declined and domestic ITW sales stagnated, with differences in demand by product area continuing. - FY2019-Q1Divergent demand trendsAnnual report
「Revenue from construction-related products increased from the same period of the previous year as the number of housing starts, including condominiums where the company’s products are widely used, rose. However, revenue from civil engineering-related products declined because labor shortages delayed construction and the markets served by major customers failed to grow. In contrast, revenue from high-strength spring steel wire (ITW) increased from the same period of the previous year as sales remained firm in Japan and overseas.」
Construction-related products and ITW increased, while civil engineering-related products declined because of construction delays caused by labor shortages and other factors, indicating divergent demand trends by product category. - FY2018-Q3Partial recovery and continued weaknessAnnual report
「Revenue from civil engineering and construction-related products declined from the same period of the previous year because demand for precast piles weakened and the number of housing starts, including condominiums where the company’s products are widely used, stagnated. In contrast, revenue from high-strength spring steel wire (ITW) increased from the same period of the previous year as sales remained firm in Japan and overseas.」
While weak demand for civil engineering and construction-related products continued, ITW revenue increased on firm domestic and overseas sales, resulting in divergent trends by business area. - FY2018-Q2RestatedAnnual report
「Revenue from civil engineering and construction-related products declined from the same period of the previous year because demand for precast piles weakened and the number of housing starts, including condominiums where the company’s products are widely used, stagnated. In contrast, revenue related to construction machinery components increased from the same period of the previous year as order conditions remained firm in both Japan and China.」
The company reiterates the divergence by business area: weak demand for civil engineering and construction-related products continued, while revenue related to construction machinery components increased on firm orders in Japan and China. - FY2018-Q1Continued weakness in some areas and recovery in othersAnnual report
「Sales volume of civil engineering and construction-related products declined from the same period of the previous year because demand for precast piles weakened and the number of housing starts, including condominiums where the company’s products are widely used, stagnated. In contrast, revenue related to construction machinery components increased from the same period of the previous year as order conditions remained firm in both Japan and China.」
While weak demand for civil engineering and construction-related products continued, revenue related to construction machinery components increased on firm orders in Japan and China, resulting in divergent trends by business area. - FY2017MitigatedAnnual report
「Revenue from heat-treatment contract processing increased from the same period of the previous year, as orders for construction machinery recovered and orders for automobiles remained firm. Revenue related to construction machinery components also increased, as orders recovered in both Japan and China.」
The company states that the recovery in orders for construction machinery and in domestic and Chinese orders for construction machinery components translated into higher revenue. In contrast, civil engineering and construction-related products remained roughly at the level of the same period of the previous year. - FY2017-Q3Partial recovery and continued weaknessAnnual report
「Sales volume of the company’s core civil engineering and construction-related products declined from the same period of the previous year, mainly because civil engineering projects remained sluggish. In contrast, sales volume of high-strength spring steel wire (ITW) increased from the same period of the previous year, as firm performance in China, Europe and Japan more than offset the decline in the United States.」
While sluggish civil engineering projects and lower ITW sales volumes in the United States continued, ITW sales in China, Europe and Japan increased. Orders for construction machinery also shifted to an upward trend, indicating a partial recovery in the demand environment. - FY2017-Q2RestatedAnnual report
「Sales volume of the company’s core civil engineering and construction-related products declined, mainly because civil engineering projects remained sluggish. Sales volume of high-strength spring steel wire (ITW) also declined slightly from the same period of the previous year, as firm sales in Japan and Europe were offset by declines in China and the United States.」
The company continues to cite sluggish civil engineering projects and lower ITW sales volumes in China and the United States. Meanwhile, domestic and Chinese sales related to construction machinery components increased despite continued difficult order conditions. - FY2017-Q1MaterialisedAnnual report
「Sales declined slightly, mainly because civil engineering projects remained sluggish.」
The company explains that sluggish civil engineering projects led to lower sales volumes of its core products. It also states that difficult order conditions continued for construction machinery components.