Demand for laundry equipment driven by an increase in foreign tourists and the Tokyo Olympics
First written in FY2018-Q2. 6 of 20 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2025-H1.
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- FY2025-H1Decline in laundry equipment revenue following the reversal of large projectsAnnual report
「In the domestic equipment sales business, sales of laundry equipment declined partly because there had been a large project in the previous interim consolidated accounting period, but sales increased due to a large food machinery project and firm sales of marine equipment and boilers.」
Laundry equipment revenue declined due to the reversal of large projects in the same period of the previous year, indicating a shift from the previous trend of expanding demand to fluctuations caused by project reversals. - FY2023-Q3AdvancedAnnual report
「The domestic laundry business saw an increase in revenue due to the impact of accounting treatment for newly consolidated companies and a recovery in demand to replace aging equipment for workforce reduction and energy savings.」
The recovery in demand to replace aging equipment for workforce reduction and energy savings in preparation for the post-pandemic period was reflected in higher revenue for the cumulative third quarter. - FY2023-Q2Revenue declined despite recovering replacement demand, due to the reversal of large projects and delays in parts deliveriesAnnual report
「The domestic laundry business saw a recovery in demand to replace aging equipment for workforce reduction and energy savings, as well as an impact from the accounting treatment of newly consolidated companies. However, revenue declined in the current fiscal year due to the presence of large-project revenue in the previous fiscal year and the impact of parts delivery delays on production.」
Although demand recovered for replacing aging equipment to reduce workforce requirements and save energy, revenue declined due to the reversal of large projects from the previous year and the impact of parts delivery delays on production. - FY2023-Q1AdvancedAnnual report
「The domestic laundry business saw an increase in revenue as demand recovered for the replacement of aging equipment to improve productivity, reduce workforce requirements and save energy in preparation for the post-COVID period, as well as due to the impact of newly consolidated companies.」
The recovery in demand to replace aging equipment for productivity improvement, workforce reduction and energy savings in preparation for the post-pandemic period was reflected in higher revenue. - FY2022-Q3Signs of recovery in demand for aging equipmentAnnual report
「Signs of a gradual recovery in demand have emerged for aging equipment whose replacement had been postponed, for purposes including improving productivity and saving energy in preparation for the post-COVID period.」
The company explained that, in addition to the previous inbound tourism and labor-saving and automation demand, signs of recovery were emerging in demand to replace aging equipment in preparation for the post-COVID period. - FY2022-Q2Revenue increased on large-project orders, while demand remained weakAnnual report
「Customer appetite for capital investment continued to decline as demand for linen supply and cleaning services for hotels and hospitals decreased due to the COVID-19 pandemic. Under these conditions, revenue from the business increased in the second quarter, partly due to orders for large projects.」
Although declining demand from hotels and hospitals and reduced appetite for capital investment continued, laundry business revenue increased in the second quarter due to orders for large projects. - FY2022-Q1RestatedAnnual report
「The domestic laundry business remained sluggish because customer appetite for capital investment continued to decline as demand for linen supply and cleaning services for hotels and hospitals decreased due to the COVID-19 pandemic.」
Declining demand for linen supply and cleaning services and reduced appetite for capital investment continued due to the COVID-19 pandemic. - FY2021WorsenedAnnual report
「The domestic laundry business saw a substantial decline in capital investment appetite and a decrease in revenue as demand for linen supply and cleaning services for hotels and hospitals declined due to the COVID-19 pandemic. As a result, revenue from this business was ¥12,583 million, down 33.9% from ¥19,040 million in the previous fiscal year.」
Following the easing of inbound tourism demand, demand for linen supply and cleaning services declined due to the COVID-19 pandemic, deepening the laundry business's revenue decline. - FY2021-Q3RestatedAnnual report
「The domestic laundry business saw a substantial decline in capital investment appetite and a decrease in revenue as demand for linen supply and cleaning services for hotels and hospitals declined due to the COVID-19 pandemic. As a result, revenue from this business was ¥9,217 million, down 28.7% from ¥12,934 million in the same period of the previous year.」
Declining demand for linen supply and cleaning services for hotels and hospitals and reduced appetite for capital investment continued, resulting in a 28.7% year-on-year decline in domestic laundry business revenue. - FY2021-Q2WorsenedAnnual report
「The domestic laundry business saw a substantial decline in capital investment appetite and a decrease in revenue as demand for linen supply and cleaning services for hotels and hospitals declined due to the COVID-19 pandemic. As a result, revenue from this business was ¥5,860 million, down 36.6% from ¥9,243 million in the same period of the previous year.」
Demand for linen supply and cleaning services for hotels and hospitals declined due to the COVID-19 pandemic, substantially reducing appetite for capital investment. Domestic laundry revenue decreased 36.6% year on year. - FY2021-Q1MaterialisedAnnual report
「The domestic laundry business saw a substantial decline in capital investment appetite and a decrease in revenue as demand for linen supply services for hotels, hospitals and uniforms declined due to the COVID-19 pandemic.」
Demand for linen supply services for hotels, hospitals and uniforms declined due to the COVID-19 pandemic, substantially reducing appetite for investment in laundry equipment. - FY2020WorsenedAnnual report
「The domestic laundry business remained supported by steady demand for labor-saving and automation to improve the operating efficiency of equipment generally in response to labor shortages and rising labor and logistics costs. However, it was sluggish because large-scale investment declined as demand related to the recent increase in foreign visitors to Japan eased.」
While demand for labor-saving and automation equipment remained steady, the business environment and performance of the laundry business deteriorated as inbound tourism demand eased and large-scale investment declined. - FY2020-Q3RestatedAnnual report
「The domestic laundry business was sluggish compared with the previous fiscal year, but demand for equipment enabling labor savings and workforce reduction in response to rising labor and logistics costs remained steady.」
While laundry business revenue was sluggish due to the reversal of the previous year's performance, demand for labor-saving and workforce-reduction equipment remained steady as a response to rising labor and logistics costs. - FY2020-Q2RestatedAnnual report
「The domestic laundry business was sluggish, partly due to the reversal of the previous year's performance, but demand for equipment enabling labor savings and workforce reduction in response to rising labor and logistics costs remained steady.」
While laundry business revenue was sluggish due to the reversal of the previous year's performance, demand for labor-saving and workforce-reduction equipment remained steady as a response to rising labor and logistics costs. - FY2020-Q1ReframedAnnual report
「The domestic laundry business was sluggish, partly due to the reversal of the previous year's performance, but demand for equipment enabling labor savings and workforce reduction in response to rising labor and logistics costs remained steady.」
The drivers of laundry equipment demand have been described as shifting from the previous inbound tourism demand to the need for labor savings and workforce reduction in response to rising labor and logistics costs. Meanwhile, business revenue decreased 20.8% year on year. - FY2019-Q3AdvancedAnnual report
「The domestic laundry business continued to see active large-scale investment in new factories and equipment replacement, driven by inbound tourism demand and rising needs for labor-saving and automation, as in the previous fiscal year. Sales of the mainstay continuous batch washers remained steady. As a result, revenue from this business was ¥14,355 million.」
Amid inbound tourism demand and rising needs for labor-saving and automation, investment in new factories and equipment replacement continued, and domestic laundry business revenue was ¥14,355 million. - FY2019-Q2AdvancedAnnual report
「In the domestic laundry business, large-scale investment in new factories and equipment replacements remained active, driven by inbound demand and rising needs for labor saving and automation, as in the previous fiscal year. Sales of the core continuous batch washing machines remained firm. As a result, revenue from the business was ¥10,446 million, while segment profit, including amortization of intangible assets, was ¥840 million.」
Amid inbound tourism demand and rising needs for labor-saving and automation, investment in new factories and equipment replacement continued, resulting in domestic laundry business revenue of ¥10,446 million and segment profit of ¥840 million. - FY2019-Q1AdvancedAnnual report
「The domestic laundry business continued to see active large-scale investment in new factories and equipment replacement, driven by inbound tourism demand and rising needs for labor-saving and automation, as in the previous fiscal year. Sales of the mainstay continuous batch washers remained steady. As a result, revenue from this business was ¥5,799 million, and segment profit, including amortization of intangible assets, was ¥555 million.」
Amid inbound tourism demand and rising needs for labor-saving and automation, investment in laundry equipment continued, with domestic laundry business revenue of ¥5,799 million and segment profit of ¥555 million. - FY2018-Q3AdvancedAnnual report
「In the linen supply industry, new factories are being built to meet the expected ongoing increase in demand for hotel linen from foreign tourists as a result of inbound tourism, while needs for labor-saving and automation are increasing as companies address labor shortages and long working hours, leading to large-scale investment in replacing equipment throughout entire factories.」
In addition to the previous inbound tourism demand, explicit mention was made of needs for labor-saving and automation and large-scale investment across entire factories to address labor shortages and long working hours, clarifying the drivers of laundry equipment demand. - FY2018-Q2First statedAnnual report
「The domestic laundry business performed steadily, as demand increased for factory equipment upgrades and new equipment ahead of the 2020 Tokyo Olympics and amid a substantial increase in foreign tourists under the government's tourism-oriented policy.」
The business environment was first described as one in which demand for laundry equipment upgrades and new equipment was increasing against the backdrop of rising foreign tourist numbers and the 2020 Tokyo Olympics.