Decline in overseas equipment sales due to fewer large projects
First written in FY2017-Q1. 15 of 26 entries say "Mitigated", first in FY2018-Q3. Latest entry: FY2025-H1.
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- FY2025-H1MitigatedAnnual report
「In the overseas equipment sales business, sales increased following the acquisition of Cleaver-Brooks. Boiler sales also remained firm in South Korea. As a result, revenue from this business was ¥35,508 million, up 194.4% from ¥12,059 million in the same period of the previous year.」
Against the previous downward trend in overseas equipment sales caused by a decline in large-scale projects and other factors, revenue increased 194.4% year on year, driven by the acquisition of Cleaver-Brooks and firm sales in South Korea. - FY2024MitigatedAnnual report
「In the overseas equipment sales business, boiler sales remained firm in South Korea and China, resulting in higher sales. Revenue from this business was ¥29,672 million, up 11.9% from the previous fiscal year.」
Firm sales in South Korea and China drove higher overseas equipment sales, easing the previous downward trend in revenue caused by a decline in large-scale projects and other factors. - FY2024-Q3MitigatedAnnual report
「In the overseas equipment sales business, boiler sales remained firm in South Korea and China, resulting in higher sales. Revenue from this business was ¥18,518 million, up 9.1% from ¥16,976 million in the same period of the previous year.」
Boiler sales remained firm in South Korea and China, driving a 9.1% year-on-year increase in overseas equipment sales. The previous downward trend in revenue caused by a decline in large-scale projects and other factors has eased. - FY2024-Q1MitigatedAnnual report
「In the overseas equipment sales business, boiler sales remained sluggish in the Americas, but remained firm in South Korea and China, resulting in higher sales. Revenue from this business was ¥4,277 million, up 5.5% from ¥4,054 million in the same period of the previous year.」
Although sales in the Americas remained sluggish, overseas equipment sales increased 5.5% year on year on firm sales in South Korea and China, easing the previous downward trend in revenue. - FY2023-Q3MitigatedAnnual report
「In the overseas equipment sales business, China was affected by the spread of COVID-19, but sales increased due in part to an improved business environment in the Americas resulting from closer coordination with distributors and sales price revisions, as well as the impact of foreign exchange rates. Revenue from this business was ¥16,976 million, up 11.7% from ¥15,193 million in the same period of the previous year. Segment profit was ¥1,725 million, up 27.0% from ¥1,358 million.」
While the impact of the infection continued in China, overseas equipment sales increased 11.7% year on year and segment profit increased 27.0%, supported by closer coordination with distributors in the Americas, sales price revisions and foreign exchange effects. - FY2023-Q2MitigatedAnnual report
「In the overseas equipment sales business, boiler sales remained sluggish in South Korea due to the economic slowdown, while China was affected by lockdowns related to COVID-19. However, sales increased due in part to an improved business environment in the Americas resulting from closer coordination with distributors and sales price revisions, as well as the impact of foreign exchange rates. Revenue from this business was ¥11,357 million, up 12.9% from ¥10,060 million in the same period of the previous year.」
Despite continued weakness in South Korea and China, overseas equipment sales increased 12.9% year on year, supported by closer coordination with distributors in the Americas, sales price revisions and foreign exchange effects. - FY2022-Q3MitigatedAnnual report
「In the overseas equipment sales business, sales increased in countries and regions where capital investment demand had declined in the prior year due to COVID-19, as demand began to recover. In China, however, growth slowed due to the impact of COVID-19 lockdowns, delays in environmental regulations and a cautious stance toward capital investment arising from uncertainty in US-China relations. In South Korea, sales remained sluggish partly due to the economic slowdown. As a result, revenue from the business was ¥15,193 million, up 12.3% from ¥13,526 million in the same period of the prior year.」
Although factors contributing to sluggish sales in China and South Korea remained, the recovery in capital investment demand in countries and regions where it had declined due to COVID-19 resulted in a 12.3% year-on-year increase in overseas equipment sales. - FY2022-Q2MitigatedAnnual report
「In the overseas equipment sales business, sales increased in countries and regions where capital investment demand had declined in the prior year due to COVID-19, as demand began to recover. In China, however, companies remained cautious about capital investment due to delays in advancing environmental regulations and uncertainty in US-China relations. In South Korea, sales remained sluggish partly due to the economic slowdown. As a result, revenue from the business was ¥10,060 million, up 11.9% from ¥8,992 million in the same period of the prior year.」
Capital investment demand recovered in countries and regions affected by COVID-19, resulting in an 11.9% year-on-year increase in overseas equipment sales. However, cautious or sluggish conditions remained in China and South Korea. - FY2022-Q1MitigatedAnnual report
「In the overseas equipment sales business, sales increased in countries and regions where capital investment demand had declined in the prior year due to COVID-19, as demand began to recover. In China, however, sales remained sluggish as companies took a cautious stance toward capital investment due to delays in advancing environmental regulatory policies and uncertainty in US-China relations. As a result, revenue from the business was ¥3,793 million, up 5.7% from ¥3,587 million in the same period of the prior year.」
Capital investment demand recovered in countries and regions affected by COVID-19, resulting in a 5.7% year-on-year increase in overseas equipment sales. In China, however, capital investment remained cautious due to delays in environmental regulatory policies and uncertainty in US-China relations. - FY2021Full-year revenue decline, while China remained strongAnnual report
「In the overseas equipment sales business, boiler sales remained strong in China, but were sluggish in other countries and regions due to the impact of restrictions on activity related to COVID-19. As a result, revenue from the business was ¥19,707 million, down 4.9% from ¥20,717 million in the prior year.」
While sales in China remained strong, overseas equipment sales declined 4.9% for the full year due to restrictions on activity and other factors in other regions. - FY2021-Q3WorsenedAnnual report
「In the overseas equipment sales business, boiler sales remained strong in China and South Korea, but were sluggish in other countries and regions partly due to the impact of COVID-19. As a result, revenue from the business was ¥13,526 million, down 8.2% from ¥14,730 million in the same period of the prior year. Segment profit was ¥1,170 million, down 24.7% from ¥1,554 million.」
While boiler sales in China and South Korea remained strong, the impact of COVID-19 in other regions resulted in an 8.2% decline in overseas equipment sales revenue and a 24.7% decline in segment profit. - FY2021-Q2Regional declines in revenue due to the impact of COVID-19Annual report
「In the overseas equipment sales business, boiler sales remained strong in China, the United States, South Korea and Thailand, but were sluggish in other countries and regions partly due to the impact of COVID-19. As a result, revenue from the business was ¥8,992 million, down 3.6% from ¥9,332 million in the same period of the prior year. Segment profit was ¥734 million, down 5.1% from ¥773 million.」
While boiler sales remained strong in China, the United States, South Korea and Thailand, the impact of COVID-19 in other regions resulted in a 3.6% year-on-year decline in overseas equipment sales and a 5.1% decline in segment profit. - FY2021-Q1AdvancedAnnual report
「In the overseas equipment sales business, boiler sales in China, the United States, South Korea and Thailand remained strong. As a result, revenue from the business was ¥3,587 million, up 12.0% from ¥3,202 million in the same period of the prior year. Segment profit was ¥93 million, compared with a segment loss of ¥66 million in the prior-year period.」
Steady boiler sales in China, the United States, South Korea and Thailand resulted in a 12.0% year-on-year increase in overseas equipment sales, with segment results turning from a ¥66 million loss to a ¥93 million profit. - FY2020MitigatedAnnual report
「In the overseas equipment sales business, boiler sales in South Korea and the Americas remained strong, while sales in China were sluggish partly due to the impact of COVID-19. As a result, revenue from the business was ¥20,717 million, up 2.3% from ¥20,251 million in the prior year.」
Although sluggish sales in China remained, steady sales in South Korea and the Americas resulted in a 2.3% year-on-year increase in overseas equipment sales for the full year. - FY2020-Q3MitigatedAnnual report
「In the overseas equipment sales business, boiler sales in South Korea and the Americas remained strong. As a result, revenue from the business was ¥14,730 million, up 4.5% from ¥14,090 million in the same period of the prior year. Segment profit was ¥1,554 million, up 13.3% from ¥1,372 million.」
After revenue declined in FY2020-Q2 due to sluggish sales in China, steady boiler sales in South Korea and the Americas resulted in a 4.5% year-on-year increase in overseas equipment sales. - FY2020-Q2Renewed decline in overseas equipment salesAnnual report
「In the overseas equipment sales business, boiler sales in China remained sluggish. As a result, revenue from the business was ¥9,332 million, down 4.4% from ¥9,763 million in the same period of the prior year.」
After overseas equipment sales had continued to grow, revenue declined 4.4% year on year against the backdrop of sluggish boiler sales in China. - FY2019-Q3MitigatedAnnual report
「In the overseas equipment sales business, the Chinese economy was slowing due to the US-China trade friction, but sales remained steady in the ASEAN region and the Americas. As a result, revenue from the business was ¥14,090 million, up 11.6% year on year.」
While economic slowing due to US-China trade friction was evident in China, sales in the ASEAN region and the Americas remained steady, resulting in an 11.6% year-on-year increase in overseas equipment sales. - FY2019-Q2MitigatedAnnual report
「In the overseas equipment sales business, revenue increased in China as replacement demand for coal-fired boilers with high-efficiency gas-fired boilers continued to grow. Sales also remained strong in the ASEAN region and the Americas. As a result, revenue from the business was ¥9,763 million, up 24.8% year on year. Segment profit increased to ¥883 million, up 216.0% year on year, as the effect of higher revenue outweighed higher costs from increased personnel expenses and expansion of the sales network in China.」
Sales grew in China, the ASEAN region and the Americas, resulting in a 24.8% year-on-year increase in revenue from overseas equipment sales and a 216.0% increase in segment profit. The previous trend of declining revenue has eased further. - FY2019-Q1MitigatedAnnual report
「In the overseas equipment sales business, revenue increased in China as replacement demand for coal-fired boilers with high-efficiency gas-fired boilers continued to grow. Sales also increased steadily in the ASEAN region and the Americas. As a result, revenue from the business was ¥3,373 million, up 11.9% from ¥3,014 million in the same period of the prior year.」
Sales increased in China, the ASEAN region and the Americas, resulting in an 11.9% year-on-year increase in revenue from overseas equipment sales. The previous trend of lower revenue due to fewer large projects and other factors has eased further. - FY2018-Q3MitigatedAnnual report
「In the overseas equipment sales business, in China, demand to replace coal-fired boilers with high-efficiency gas-fired boilers increased as NOx emission standards were raised and enforcement of environmental regulations was strengthened from around April 2017 in areas with severe air pollution, driving steady sales growth. Sales also increased strongly in Taiwan and the ASEAN region. In South Korea, sales remained steady through solution-based proposals, and the Americas were also trending upward. As a result, revenue from the business was ¥12,622 million, up 30.3% year on year.」
In contrast to the previously reported trend of declining overseas equipment sales due to fewer large projects and other factors, revenue increased 30.3% year on year, driven by growth in China, South Korea, Taiwan and the ASEAN region. - FY2018-Q2AdvancedAnnual report
「In the overseas equipment sales business, sales in the United States and Canada were at about the same level as in the same quarter of the prior year. In China, environmental regulations were tightened in areas with severe air pollution, and sales increased, mainly in the feed and corrugated-box industries, due to replacement demand for high-efficiency gas-fired boilers. Sales also increased in South Korea through solution-based proposals, while sales in Taiwan and the ASEAN region remained strong. As a result, revenue from the business was ¥7,826 million, up 24.2% year on year, and segment profit was ¥279 million, up 208.7%.」
Although sluggish or flat performance in the United States and Canada remained, growth in China, South Korea, Taiwan and the ASEAN region resulted in a 24.2% year-on-year increase in overseas equipment sales and a 208.7% increase in segment profit. - FY2018-Q1AdvancedAnnual report
「In the overseas equipment sales business, sales in the United States and Canada remained sluggish, as they had the previous year, but sales increased in South Korea due to solution-based proposals targeting major companies, and sales in Taiwan and Thailand also recovered. Sales in China also remained steady. As a result, revenue from the business was ¥3,014 million, up 16.7% year on year, and segment profit was ¥99 million, compared with a segment loss of ¥24 million in the prior-year period.」
While sluggish sales in the United States and Canada continued, solution-based proposals to major companies in South Korea, the recovery in Taiwan and Thailand, and steady performance in China resulted in a 16.7% year-on-year increase in overseas equipment sales, with segment results turning from a loss to a profit. - FY2017RestatedAnnual report
「In the overseas equipment sales business, sales remained sluggish in the United States and Taiwan due to lower unit sales, while sales increased in China and South Korea on a local-currency basis as a result of proactive proposal activities. However, the stronger yen affected sales on a yen-converted basis, and revenue from the business was ¥14,789 million, down 7.7% from ¥16,026 million in the prior year.」
In overseas equipment sales, lower unit sales in the United States and Taiwan and the stronger yen were factors behind the decline in revenue, while sales increased in China and South Korea on a local-currency basis. - FY2017-Q3RestatedAnnual report
「In the overseas equipment sales business, sales struggled due to the stronger yen and intensifying price competition with competitors in China and South Korea. Sales also declined in North America due in part to fewer large projects.」
The stronger yen, price competition in China and South Korea, and fewer large projects in North America continued to be identified as factors behind the decline in overseas equipment sales. - FY2017-Q2RestatedAnnual report
「In addition, in China, where sales increased substantially last year, sales of high-efficiency gas-fired boilers grew only marginally, while sales of large projects declined in Taiwan and the United States, resulting in lower revenue.」
Growth in sales of high-efficiency gas-fired boilers was limited in China, while fewer large projects in Taiwan and the United States contributed to the decline in overseas equipment sales. - FY2017-Q1First statedAnnual report
「In the overseas equipment sales business, replacement demand in China for coal-fired boilers with high-efficiency gas-fired boilers remained strong as a measure against environmental issues, but sales declined in South Korea and the United States because there were fewer large projects than in the same quarter of the prior year.」
While replacement demand in China remained strong, fewer large projects in South Korea and the United States than in the prior-year period contributed to the decline in overseas equipment sales.