Decrease in sales of desiccant dehumidifiers to China due to the stagnation of the Chinese economy
First written in FY2024-Q1. 3 of 5 entries say "Restated". Latest entry: FY2025.
Seibu Giken moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 13 of 20 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Against this backdrop, during the fiscal year ended December 2024, continued stagnation in China caused sales of desiccant dehumidifiers and VOC concentrators to China to decline substantially,」
The disclosure states that stagnation in China continued to reduce China-bound sales of desiccant dehumidifiers and VOC concentrators. Higher sales in Japan and North America offset the decline. - FY2025-H1RestatedAnnual report
「The global economy remained uncertain due to the prolonged situations in Ukraine and the Middle East, persistently high energy and raw-material prices, a review of US trade policies including tariffs, and continued stagnation in China.」
Continued stagnation in China remains an external-environment factor. Although desiccant dehumidifier sales declined, the interim report does not state a direct causal relationship with the Chinese economy. - FY2024WorsenedAnnual report
「In China, which had driven the Group's revenue and profit through the first half of 2023, sales have declined since the second half of fiscal 2023 due to an economic downturn and a sharp decrease in lithium-ion battery manufacturing investment caused by excess production capacity.」
In addition to the economic downturn, the disclosure identifies a sharp decline in battery-manufacturing investment caused by excess production capacity as a factor behind lower China-bound sales, indicating a deepening impact. - FY2024-H1RestatedAnnual report
「During the six-month period ended June 2025, sales of desiccant dehumidifiers to China fell substantially due to the stagnant Chinese economy. However, sales increased mainly in Japan, as well as in Europe and Asia, resulting in revenue of ¥14,721 million, up 16.7% year on year.」
The disclosure continues to state that stagnation in the Chinese economy appeared in actual results as lower China-bound desiccant dehumidifier sales. - FY2024-Q1MaterialisedAnnual report
「Although domestic sales of desiccant dehumidifiers increased substantially, sales to China declined substantially due to the stagnant Chinese economy, resulting in revenue of ¥5,777 million.」
The disclosure states that stagnation in the Chinese economy appeared in actual results as lower China-bound desiccant dehumidifier sales.