Declining Demand for Logistics Facilities, Factories and Newbuild Ships
First written in FY2022. 7 of 14 entries say "Restated". Latest entry: FY2026.
Moriya Transportation Engineering and Manufacturing moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 62 of 77 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026Pause in logistics-facility demand and increase in high-value-added demandAnnual report
「Although some elevator projects were postponed because building construction schedules were delayed by shortages of skilled workers and other factors, and demand for multi-tenant logistics facilities has shown signs of pausing, demand for high-value-added projects such as semiconductor and other factories, data centers, and refrigerated and frozen warehouses is increasing, and orders remain generally solid.」
The company notes delays in construction schedules and a pause in demand for multi-tenant logistics facilities, while explaining that orders remain generally firm due to increased demand for high-value-added projects. - FY2026-H1Continued project postponements and expansion of demand areasAnnual report
「As a company primarily engaged in the manufacture and sale, installation, maintenance and repair of freight elevators, we note that, in manufacturing and sales, some projects were affected as the general contractors placing orders delayed building construction schedules due to shortages of skilled workers and other factors, postponing the start of our elevator construction work. However, demand is increasing not only for increasingly large logistics facilities but also for factories such as semiconductor plants, data centers, refrigerated and frozen warehouses, and other areas, and orders remain firm.」
While construction starts continue to be postponed due to shortages of skilled workers and other factors, demand for semiconductor plants, data centers, refrigerated and frozen warehouses and other facilities in addition to logistics facilities is increasing, and the company states that orders remain firm. - FY2025-H1Project postponements alongside new demandAnnual report
「Although some construction orders were postponed due to the so-called 2024 problem and shortages of skilled workers, orders remain firm as demand is emerging not only for increasingly large logistics facilities but also for semiconductors and related industries, data centers and other areas.」
While some construction orders were postponed due to the 2024 problem and shortages of skilled workers, demand for semiconductors, data centers and other areas in addition to logistics facilities has emerged, and the company explains that orders remain firm. - FY2024RestatedAnnual report
「For freight elevators for factories and warehouses, the company expects the market, which contracted during the COVID-19 pandemic, to resume expanding as robust investment in logistics facilities is expected to continue, driven by the expansion of the e-commerce market and other factors. Together with continued growth in demand for maintenance, this is expected to create positive business opportunities for the company.」
Regarding demand from logistics facilities and factories, the company continues to explain that it expects demand to remain firm and expand, driven by the growth of the e-commerce market, investment in logistics facilities and maintenance demand. - FY2024-Q3RestatedAnnual report
「Amid the expansion of the e-commerce market, the increasing scale of logistics facilities and the reshoring of production bases, orders remain firm,」
The company continues to explain that orders remain firm against a backdrop of the expanding e-commerce market, larger logistics facilities and the reshoring of production bases. - FY2024-Q2RestatedAnnual report
「Amid the expansion of the e-commerce market, the increasing scale of logistics facilities and the reshoring of production bases, orders remain firm,」
Regarding the demand environment, the company continues to explain that orders remain firm against a backdrop of the expanding e-commerce market, larger logistics facilities and reshoring. - FY2024-Q1RestatedAnnual report
「Amid the expansion of the e-commerce market, the increasing scale of logistics facilities and the reshoring of production bases, orders remain firm,」
The company continues to explain that orders remain firm against a backdrop of the expanding e-commerce market, larger logistics facilities and the reshoring of production bases. - FY2023RestatedAnnual report
「For freight elevators for factories and warehouses, the company expects the market, which contracted during the COVID-19 pandemic, to resume expanding as robust investment in logistics facilities is expected to continue, driven by the expansion of the e-commerce market and other factors. Together with continued growth in demand for maintenance, this is expected to create positive business opportunities for the company.」
The company continues to explain that, despite the decline in the new-build market, it expects the market to expand on the back of the e-commerce market, investment in logistics facilities and maintenance demand. - FY2023-Q3RestatedAnnual report
「Meanwhile, amid the expansion of the e-commerce market, the increasing scale of logistics facilities and the reshoring of production bases, orders have remained firm. While maintaining the basic concepts of “Safety,” “Robustness” and “Flexibility,” we are working to maximize the value provided to customers.」
Orders remain firm against a backdrop of larger logistics facilities, expansion of the e-commerce market and reshoring, and the company continues to explain the demand environment. - FY2023-Q2RestatedAnnual report
「Meanwhile, amid the expansion of the e-commerce market, the increasing scale of logistics facilities and the reshoring of production bases, orders have remained firm. While maintaining the basic concepts of “Safety,” “Robustness” and “Flexibility,” we are working to maximize the value provided to customers.」
The Company continues to explain that orders remain firm, driven by the expansion of the e-commerce market, larger logistics facilities and reshoring to Japan. - FY2023-Q1MitigatedAnnual report
「Meanwhile, amid the expansion of the e-commerce market, the increasing scale of logistics facilities and the reshoring of production bases, orders have remained firm. While maintaining the basic concepts of “Safety,” “Robustness” and “Flexibility,” we are working to maximize the value provided to customers.」
Orders are described as firm against the backdrop of market conditions in logistics, e-commerce and other areas, and the disclosure does not state that the risk of declining demand materialized in the current quarter. - FY2022First statedAnnual report
「Demand for freight elevators supplied by the Company is affected by trends in construction demand for logistics facilities, factories and other major delivery destinations, while demand for ship elevators is affected by trends in demand for new-build vessels.」
The Company states that the number of newly installed elevators in Japan fell 6.4% year on year in fiscal 2020, while the number under maintenance increased 0.8%.