Pullback in demand following the subsidy-driven increase in domestic demand for energy-saving equipment
First written in FY2017-Q2. 2 of 13 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2024.
0 other companies' latest entry also says "Other".
- FY2024Continued support for domestic demand from government subsidiesAnnual report
「Government subsidies also provided support, resulting in revenue of ¥105,393 million, up 3.9% year on year.」
It states that government subsidies continued to support demand in the domestic sheet-metal segment. - FY2023-Q3Continued expansion of domestic demand supported by subsidiesAnnual report
「Amid rising demand for energy-efficient, highly productive products against a backdrop of decarbonisation and labour shortages, capital investment demand remained firm across a broad range of industries, including semiconductor manufacturing equipment, construction machinery, machine tools and self-checkout systems, supported in part by government subsidies.」
It states that government subsidies continued to support domestic capital investment demand across a broad range of industries, including demand for energy-efficient, highly productive products. - FY2023-Q2RestatedAnnual report
「Supported by government subsidies, we also saw increased demand for precision equipment, including office automation, computers and communications equipment, as well as for general machinery, including distribution boards, control panels and industrial machinery.」
Government subsidies continue to support domestic demand for precision equipment and general machinery. - FY2023-Q1Continued Demand Growth Driven by Government SubsidiesAnnual report
「Government subsidies boosted demand, and increased sales to customers across a broad range of industries, including 5G-related businesses such as distribution boards, control panels, office automation equipment and server racks, as well as semiconductor manufacturing equipment-related businesses, resulted in revenue of ¥16,315 million, up 36.8% year on year.」
Government subsidies boosted domestic sheet-metal demand, leading to increased sales to a broad range of industries, including 5G-related and semiconductor manufacturing equipment-related businesses. - FY2022Expanded Orders from Subsidies and Longer Delivery TimesAnnual report
「The company also saw orders expand across a range of industries, including general machinery such as semiconductor manufacturing equipment and industrial machinery, OA and computer equipment and communications equipment driven by the rollout of 5G, and other medical equipment, supported by subsidies.」
It states that continued government support for demand through subsidies drove an increase in orders in the domestic sheet-metal segment, while many subsidy-supported orders had long delivery times, creating a lag before they were reflected in sales. - FY2022-Q2Support for Demand from Government SubsidiesAnnual report
「The company also benefited from government subsidies and 5G demand. In addition to increased sales to the OA and computer equipment and communications equipment industries, demand also increased for medical equipment, air-conditioning equipment and machine tools, resulting in revenue of ¥37,229 million, up 4.2% year on year.」
While previous filings described a reversal of demand and longer delivery times related to government-subsidy-driven demand, this filing states that government subsidies supported an increase in domestic sales. - FY2022-Q1Orders Pulled Forward by Subsidies and Longer Delivery TimesAnnual report
「Although government subsidies pulled orders forward, delivery times also tended to lengthen, resulting in revenue of ¥11,924 million, down 5.2% year on year.」
While government subsidies pulled orders forward, longer delivery times caused revenue in the domestic sheet-metal segment to decline 5.2% year on year. - FY2018-Q3Support for Orders from Continued Manufacturing SubsidiesAnnual report
「Japan: Capital investment remained firm, particularly among large companies, and the continuation of government manufacturing subsidies for small and medium-sized companies expanded orders for precision equipment used in electrical and electronic equipment, medical equipment and other applications. However, sales were ¥83,629 million, down 4.8% year on year, as longer lead times caused by tight component supplies delayed the conversion of orders into sales.」
It states that continued manufacturing subsidies expanded orders for precision equipment, while longer lead times caused by tight component supplies constrained sales. - FY2018-Q2Resilience in the Sheet-Metal and Press Segments Driven by Manufacturing SubsidiesAnnual report
「Among small and medium-sized companies, the sheet-metal and press segments also remained resilient as a result of manufacturing subsidies.」
Separately from the previous reversal of demand generated by energy-saving subsidies, it states that manufacturing subsidies supported the sheet-metal and press segments serving small and medium-sized companies. - FY2018-Q1Recovery in Sales Driven by Government SubsidiesAnnual report
「Japan: Sales recovered in the sheet-metal and welding segments as government subsidies supporting increased capital investment by large companies and innovative manufacturing by small and medium-sized companies took effect. Sales were ¥19,444 million, up 0.3% year on year.」
While the filing previously described a reversal of the increase in demand generated by energy-saving subsidies, it now describes government subsidies as a factor supporting the recovery in domestic sales. - FY2017MaterialisedAnnual report
「Domestic sales were ¥131,203 million, down 6.1% year on year, due to the reversal of the increase in demand generated by energy-saving subsidies implemented in the previous consolidated fiscal year.」
The reversal of the increase in demand generated by energy-saving subsidies continued into the full fiscal year and appeared as a decline in domestic sales. - FY2017-Q3MaterialisedAnnual report
「Operating results for the first 3 quarters of the current consolidated fiscal year were below the previous-year levels, with orders received of ¥202,092 million, down 10.2% year on year, and sales of ¥194,128 million, down 10.1%, due to the reversal of the increase in demand generated by domestic energy-saving subsidies implemented in the previous consolidated fiscal year and the impact of the stronger yen.」
The reversal of the increase in demand generated by energy-saving subsidies and the impact of the stronger yen continued to materialize as declines in orders received and sales for the cumulative first 3 quarters. - FY2017-Q2First statedAnnual report
「Due to the reversal of the increase in demand generated by domestic energy-saving subsidies implemented in the previous consolidated fiscal year, as well as the impact of the stronger yen, orders received were ¥133,314 million, down 14.4% year on year, and sales were ¥125,442 million, down 12.7%, both below the previous-year levels.」
It states that the reversal of the increase in demand generated by energy-saving subsidies in the previous fiscal year materialized during the cumulative quarter as declines in orders received and sales.