Fluctuations in construction and capital investment
First written in FY2020. 8 of 12 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 27 of 52 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Orders received and sales increased year on year as the company captured solid domestic capital investment demand.」
The company explains that solid domestic capital investment demand led to increases in orders received and sales. The mitigating factor for fluctuations in demand for construction and capital investment has continued. - 2026-05-15MitigatedResults
「Orders received and sales increased year on year as the company captured solid domestic capital investment demand.」
堅調な国内設備投資需要の取り込みが実績として示され、設備投資需要の変動リスクに対する緩和要因が確認されている。 - FY2024-Q3MitigatedAnnual report
「Under these conditions, sales during the cumulative third quarter remained solid as the company captured domestic capital investment demand associated with the resumption of capital investment that had been postponed during the COVID-19 pandemic and the return of production capacity to Japan.」
The resumption of postponed capital investment and the capture of domestic capital investment demand associated with the return of production capacity to Japan indicate mitigating factors for fluctuations in demand for construction and capital investment. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter, the Japanese economy saw a recovery in demand for capital investment aimed at strengthening domestic production capacity amid the normalization of economic activity following the reclassification of COVID-19 as a Class 5 infectious disease and the review of supply chains.」
The recovery in demand for capital investment has continued against a backdrop of normalized economic activity, supply-chain reviews, and efforts to strengthen domestic production capacity. Demand has been stimulated across a broad range of industries in the industrial sector, indicating a mitigating factor for demand fluctuation risk. - FY2024-Q1MitigatedAnnual report
「During the cumulative first quarter, the Japanese economy saw a recovery in demand for capital investment as economic activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease and production capacity returned to Japan.」
Demand for capital investment is recovering against a backdrop of normalized economic activity and the return of production capacity to Japan, indicating a mitigating factor for fluctuations in demand for construction and capital investment. - FY2023MitigatedAnnual report
「Sales increased by business segment, particularly in the industrial sector, due to a recovery in domestic capital investment projects, growing demand for outdoor-air handling units driven by ventilation needs, and increased demand for energy-efficient products, including heat-recovery outdoor-air handling units and water-cooled heat-pump systems.」
Sales increased particularly in the industrial sector due to a recovery in domestic capital investment projects, indicating a mitigating factor for fluctuations in demand for construction and capital investment. - FY2023-Q3RestatedAnnual report
「Net sales for the cumulative nine-month period grew particularly in the industrial sector, reflecting strong domestic capital investment.」
The company explains that the industrial sector grew on the back of strong domestic capital investment, reaffirming some mitigating factors for fluctuations in demand for construction and capital investment. - FY2023-Q2MitigatedAnnual report
「The industrial sector grew substantially, particularly as a result of strong domestic capital investment.」
The company explains that the industrial sector grew on the back of strong domestic capital investment, indicating some mitigating factors for fluctuations in demand for construction and capital investment. - FY2022RestatedAnnual report
「In the air-conditioning industry in which we operate, progress was made on projects that had been postponed as economic activity resumed. However, the business environment became challenging as construction and capital investment were postponed due to factors including supply-chain disruptions and soaring market prices, particularly for resources.」
The company reaffirms demand fluctuation risk, with some projects progressing as economic activity resumed while construction and capital investment continued to be postponed. - FY2022-Q3RestatedAnnual report
「Public construction investment has remained solid even amid the COVID-19 pandemic, and demand for private-sector capital investment has shown some signs of recovery. However, order competition remains severe, while soaring raw-material prices and prolonged supply constraints mean that a full-scale recovery has yet to be achieved.」
The company indicates that the resilience of public construction investment and a slight recovery in demand for private-sector capital investment are partly mitigating demand fluctuation risk. However, a full-scale recovery has yet to be achieved and uncertainty remains. - FY2022-Q2MitigatedAnnual report
「Public construction investment has remained solid even amid the COVID-19 pandemic, and demand for private-sector capital investment has shown some signs of recovery. However, order competition remains severe, and uncertainty continues, including the risk of prolonged soaring raw-material prices and supply constraints.」
Regarding construction and capital investment, the company describes the resilience of public construction investment and a slight recovery in demand for private-sector capital investment, indicating some mitigating factors for demand fluctuation risk. However, uncertainty surrounding order competition and other factors remains. - FY2020First statedAnnual report
「Our sales are correlated with capital investment in building facilities, including the construction and renovation of office buildings, factories, hospitals and schools, and are affected by economic conditions in Japan, particularly fluctuations in construction and capital investment by private-sector companies and public institutions.」
The company describes the possibility that construction starts and capital investment may contract due to an economic downturn or declining demand.