Poor Performance at European Subsidiary
First written in FY2025. 3 of 6 entries say "Worsened", first in 2026-05-15. Latest entry: 2026-08-07.
Nittoku moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2017: 4 of 9 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「景況感の低迷が継続している欧州市場を除き、設備投資は底堅い状況となりました。」
欧州市場の景況感低迷が継続していることを再確認している。 - FY2026WorsenedAnnual report
「Against the backdrop of the continuing economic slowdown, particularly in the mobility-related industry in the European market, the consolidated subsidiary's performance has remained weaker than initially planned. The Company judged that there were indications of impairment and conducted an impairment test.」
The downturn in the European mobility market continued, and the European subsidiary's weak performance materialized as an indication of impairment of fixed assets. However, no impairment loss was recognized. - FY2026-H1RestatedAnnual report
「Capital investment showed a moderate upward trend, except in the European market, where the economic slowdown, particularly in the mobility industry, has continued, due to demand for automation, greater efficiency and higher quality in manufacturing production systems, among other factors.」
The Company states that the economic slowdown, particularly in the European mobility industry, has continued, and that the business environment leading to weak performance at the European subsidiary, which became apparent in the previous fiscal year, remains in place. - FY2025MaterialisedAnnual report
「In addition to the deterioration in the performance of overseas subsidiaries, including the deterioration in the performance of the European subsidiary due to the economic slowdown in the European mobility industry, particularly in Germany, these factors resulted in profit falling substantially below the previous fiscal year.」
The slowdown in the European mobility industry and deterioration in the European subsidiary's performance actually occurred as factors behind the downside in profit for the fiscal year. NITTOKU EUROPE GmbH. reported sales of ¥520.6 million, an ordinary loss of ¥97.7 million and a net loss of ¥77.2 million.