High Dependence on the Water Treatment Equipment Business
First written in FY2016. 8 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026Water treatment-related revenue accounted for 98.4% of full-year revenueAnnual report
「Water treatment equipment business (¥ thousand) 55,350,743 58.7; Other businesses (¥ thousand) 895,116 43.5; Total (¥ thousand) 56,245,860 58.4」
Water treatment equipment accounted for approximately 98.4% of full-year revenue, up further from approximately 97.9% in the previous period. Dependence on water treatment-related businesses has become even more pronounced on a full-year basis. - FY2026-H1Water treatment-related businesses accounted for 98.4% of first-half revenueAnnual report
「Revenue from water treatment equipment was ¥17,397 million, up 67.3% year on year, owing mainly to steady progress on construction of large-scale water treatment equipment ordered in Japan and the United States. Revenue from maintenance and consumables was ¥7,381 million, up 16.7% year on year, as orders remained steady, particularly from semiconductor-related companies. Revenue from other businesses was ¥414 million, down 68.6% year on year, owing mainly to the completion of sales of piping materials for large-scale semiconductor manufacturing equipment.」
Of first-half revenue of ¥25,193 million, water treatment equipment and maintenance and consumables accounted for ¥24,778 million, or approximately 98.4%. This was up from approximately 92.7% in the first half of the previous period, further highlighting the company's first-half dependence on water treatment-related businesses. - FY2025Water treatment equipment accounted for 97.9% of revenueAnnual report
「Water treatment equipment business (¥ thousand) 94,304,521 133.7; Other businesses (¥ thousand) 2,055,430 83.5; Total (¥ thousand) 96,359,952 132.0」
Water treatment equipment accounted for approximately 97.9% of full-year revenue, up from approximately 96.6% in the previous period. Dependence on the water treatment equipment business increased further. - FY2025-H1Water treatment equipment accounted for 57.6% of first-half revenueAnnual report
「Revenue from water treatment equipment was ¥10,396 million, down 64.1% year on year, as revenue from large-scale water treatment equipment ordered in Japan contributed, while large-scale water treatment equipment projects overseas had largely run their course. Revenue from maintenance and consumables was ¥6,327 million, up 2.2% year on year, as orders remained at the previous year's level, particularly from semiconductor-related companies. Revenue from other businesses was ¥1,319 million, down 5.3% year on year, as orders remained at the previous year's level, mainly for semiconductor-related piping materials.」
Of first-half revenue of ¥18,042 million, water treatment equipment accounted for approximately 57.6%, maintenance and consumables for approximately 35.1%, and other businesses for approximately 7.3%. Although the water treatment equipment mix declined from approximately 79.2% in the first half of the previous period, this reflects a period-specific change in the revenue mix as large overseas projects ran their course and should not be characterized as a permanent change in business structure. - FY2024Water treatment equipment accounted for 96.6% of revenueAnnual report
「Water treatment equipment business (¥ thousand) 70,560,590 150.7; Other businesses (¥ thousand) 2,460,895 88.5; Total (¥ thousand) 73,021,486 147.2」
Water treatment equipment accounted for approximately 96.6% of full-year revenue, up from approximately 94.4% in the previous period. The company's high dependence on the water treatment equipment business has become even more pronounced. - FY2024-Q3Water treatment equipment accounted for approximately 81.8% of third-quarter revenueAnnual report
「This was due to revenue from water treatment equipment reaching ¥50,154 million, up 115.8% year on year, owing mainly to steady progress on construction of large-scale water treatment projects already ordered. Revenue from maintenance and consumables reached ¥9,173 million, up 11.0% year on year, as orders remained steady, particularly from semiconductor-related companies. In addition, revenue from other businesses reached ¥1,969 million, up 28.1% year on year, as orders for piping materials for semiconductor equipment increased in Japan and overseas.」
The breakdown of cumulative third-quarter revenue of ¥61,297 million was approximately 81.8% from water treatment equipment, at ¥50,154 million, 15.0% from maintenance and consumables, at ¥9,173 million, and 3.2% from other businesses, at ¥1,969 million. The water treatment equipment business remains the core operation. - FY2024-Q2Water treatment equipment accounted for 79.2% of second-quarter revenueAnnual report
「This was due to revenue from water treatment equipment reaching ¥28,970 million, up 114.9% year on year, as well as revenue from maintenance and consumables reaching ¥6,192 million, up 22.6% year on year, with orders remaining steady, particularly from semiconductor-related companies. In addition, revenue from other businesses reached ¥1,392 million, up 39.8% year on year, as orders for piping materials for semiconductor equipment increased in Japan and overseas.」
The breakdown of cumulative second-quarter revenue of ¥36,555 million was approximately 79.2% from water treatment equipment, 16.9% from maintenance and consumables, and 3.8% from other businesses. Revenue increased year on year in all segments, with the water treatment equipment business remaining the core operation. - FY2024-Q1Water treatment equipment accounted for 72.8% of first-quarter revenueAnnual report
「Revenue from water treatment equipment was ¥9,291 million, revenue from maintenance and consumables was ¥2,635 million, and revenue from other businesses was ¥841 million」
Of first-quarter revenue of ¥12,767 million, water treatment equipment accounted for approximately 72.8%, maintenance and consumables for approximately 20.6%, and other businesses for approximately 6.6%. Because this covers a different period from the full-year water treatment equipment revenue mix of 94.4%, it should be updated as quarterly performance rather than characterized as a structural change. - FY2023Water treatment equipment accounted for 94.4% of revenueAnnual report
「Water treatment equipment business (¥ thousand) 46,816,622 152.8; Other businesses (¥ thousand) 2,779,208 218.5; Total (¥ thousand) 49,595,831 155.5」
Water treatment equipment accounted for approximately 94.4% of full-year revenue, indicating continued high dependence on the business. - FY2023-Q3Continued revenue growth in all segmentsAnnual report
「Revenue from water treatment equipment was ¥23,236 million, up 63.4% year on year, as construction of water treatment equipment projects in Japan and overseas progressed steadily. Revenue from maintenance and consumables was ¥8,261 million, up 11.9% year on year, as orders remained steady, particularly from semiconductor-related companies. Revenue from other businesses was ¥1,538 million, up 62.8% year on year, reflecting increased orders for piping materials for semiconductor-related companies.」
Revenue increased year on year in all three segments: water treatment equipment, maintenance and consumables, and other businesses, indicating that water treatment-related businesses remain the core operations. - FY2023-Q2Revenue increased in all segmentsAnnual report
「Revenue from water treatment equipment was ¥13,483 million, up 51.0% year on year, as construction of water treatment equipment projects in Japan and overseas progressed steadily. Revenue from maintenance and consumables was ¥5,051 million, up 21.7% year on year, as orders remained steady, particularly from semiconductor-related companies. Revenue from other businesses was ¥996 million, up 84.3% year on year, reflecting increased orders for piping materials for semiconductor-related companies in Japan, Taiwan and elsewhere.」
Revenue increased year on year in all three segments: water treatment equipment, maintenance and consumables, and other businesses. - FY2023-Q1Higher equipment and other revenue; slight decline in maintenance revenueAnnual report
「Revenue from water treatment equipment was ¥6,381 million, up 79.8% year on year, as construction of water treatment equipment projects in Japan and overseas progressed steadily. Revenue from maintenance and consumables was ¥2,055 million, down 2.4% year on year, although orders remained steady, particularly from semiconductor-related companies. Revenue from other businesses was ¥500 million, up 191.1% year on year, reflecting increased orders for piping materials for semiconductor equipment in Japan and Taiwan.」
Revenue from water treatment equipment and other businesses increased, while maintenance and consumables declined 2.4% year on year despite steady orders, resulting in divergent performance across the business segments. - FY2022Full-year confirmation of lower equipment revenue and higher maintenance and other revenueAnnual report
「Revenue from water treatment equipment was ¥19,684 million, down 6.9% year on year but remaining at a high level for the second consecutive period, as orders from semiconductor-related companies in South Korea, China and Taiwan increased against a backdrop of strong semiconductor capital investment, while construction of water treatment equipment projects in Japan and overseas progressed steadily. Revenue from maintenance and consumables was ¥10,944 million, up 28.5% year on year, as orders remained steady in each region, particularly from semiconductor-related companies. Revenue from other businesses was ¥1,271 million, up 81.9% year on year, reflecting increased orders for piping materials for semiconductor equipment in Japan, China and Taiwan.」
Revenue from water treatment equipment declined, while revenue from maintenance and consumables and other businesses increased, showing the composition of the business structure in the full-year results. - FY2022-Q3Lower equipment revenue; higher maintenance and other revenueAnnual report
「As a result of these business activities, revenue from water treatment equipment was ¥14,219 million, down 9.1% year on year but remaining at a high level for the second consecutive period, as orders from semiconductor-related companies in South Korea, China and Taiwan increased against a backdrop of strong demand for semiconductor equipment, while water treatment equipment projects in Japan and overseas progressed steadily. Revenue from maintenance and consumables was ¥7,385 million, up 28.8% year on year, as orders remained steady in each region, particularly from semiconductor-related companies. Revenue from other businesses was ¥944 million, up 81.7% year on year, reflecting a substantial increase in orders for piping materials for semiconductor equipment in Japan, China and Taiwan.」
Revenue from water treatment equipment declined 9.1% year on year, while revenue from maintenance and consumables rose 28.8% and revenue from other businesses rose 81.7%. The figures show higher revenue in the ancillary segments while maintaining the structure in which water treatment-related businesses are the core. - FY2022-Q2RestatedAnnual report
「As a result of these business activities, revenue from water treatment equipment was ¥8,927 million, down 0.3% year on year, as orders from semiconductor-related companies in South Korea and Taiwan increased against a backdrop of strong demand for semiconductor equipment, while water treatment equipment projects in Japan and overseas progressed steadily. Revenue from maintenance and consumables was ¥4,150 million, up 17.1% year on year, as orders remained steady in China, Taiwan and South Korea. Revenue from other businesses was ¥540 million, up 74.5% year on year, reflecting increased orders for piping materials.」
The company discloses operating performance across three segments: water treatment equipment, maintenance and consumables, and other businesses. Water treatment-related businesses remain the core operations. - FY2021-Q3RestatedAnnual report
「As a result of these business activities, revenue from water treatment equipment was ¥15,645 million, up 91.3% year on year, reflecting progress on construction of ultrapure water production equipment ordered by semiconductor-related companies in Japan, South Korea, China and Taiwan, as well as orders for a large-scale water treatment equipment project in South Korea. Revenue from maintenance and consumables was ¥5,735 million, down 2.4% year on year, despite steady domestic orders, due mainly to lower consumables sales in the United States. Revenue from other businesses was ¥520 million, up 26.9% year on year, owing mainly to increased sales of piping materials.」
Ultrapure water production equipment and maintenance and consumables continued to account for most revenue. Revenue from the three main segments, including other businesses, totaled ¥21,900 million. - FY2021-Q1RestatedAnnual report
「As a result of these business activities, revenue from water treatment equipment was ¥2,963 million, up 26.0% year on year, as large projects in South Korea were completed while construction of ultrapure water production systems ordered by domestic and Chinese semiconductor-related companies progressed. Maintenance and consumables performed steadily in all regions, but revenue was ¥1,205 million, down 13.5% year on year, partly because the previous year included a one-off large project order. Revenue from other businesses was ¥183 million, up 14.9% year on year, mainly due to increased sales of piping materials.」
The business structure in which water treatment equipment and maintenance and consumables account for most revenue continues to be shown together with the quarterly revenue breakdown. - FY2020RestatedAnnual report
「Because the water treatment equipment business accounts for more than 90% of total revenue, operating profit or loss, and total assets across all segments, the company does not disaggregate information by product or service in “Section 5. Financial Information, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes (Segment Information, etc.).”」
The company continues to disclose a business structure in which the water treatment equipment business accounts for more than 90% of revenue, operating profit or loss and assets. - FY2020-Q3RestatedAnnual report
「As a result of these business activities, revenue from water treatment equipment was ¥8,177 million, down 33.4% year on year, as projects ordered by domestic semiconductor and pharmaceutical-related companies progressed, while projects ordered by semiconductor-related companies in South Korea, China and Taiwan were delayed and investment plans themselves were postponed. Revenue from maintenance and consumables was ¥5,873 million, up 21.2% year on year, as sales remained firm in each region. Revenue from other businesses was ¥409 million, down 67.0% year on year, mainly because orders for PVDF piping materials declined. Consolidated revenue was ¥14,460 million, down 21.3% year on year.」
Water treatment equipment and maintenance and consumables continued to account for most of the business. Water treatment equipment revenue declined, maintenance and consumables revenue increased, and revenue from other businesses declined. - FY2019RestatedAnnual report
「Because the water treatment equipment business accounts for more than 90% of total revenue, operating profit or loss, and total assets across all segments, the company does not disaggregate information by product or service in “Section 5. Financial Information, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes (Segment Information, etc.).”」
The company continues to disclose a business structure in which the water treatment equipment business accounts for more than 90% of revenue, operating profit or loss and assets. - FY2018RestatedAnnual report
「The group's principal business is its water treatment equipment business, which designs, installs and sells water treatment equipment and provides maintenance and other services for delivered equipment, including the sale of consumables used with that equipment. This business accounted for 95.6% of revenue in the fiscal year ended March 2018.」
The water treatment equipment business accounted for 95.6% of consolidated revenue, demonstrating the group's continued high dependence on that business. - FY2017RestatedAnnual report
「Because the water treatment equipment business accounts for more than 90% of total revenue, operating profit or loss, and total assets across all segments, the company does not disaggregate information by product or service in “Section 5. Financial Information, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes (Segment Information, etc.).”」
The company continues to disclose its high dependence on the water treatment equipment business. - FY2016First statedAnnual report
「Because the water treatment equipment business accounts for more than 90% of total revenue, operating profit or loss, and total assets across all segments, the company does not disaggregate information by product or service in “Section 5. Financial Information, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, Notes (Segment Information, etc.).”」
The business structure shows that the water treatment equipment business accounts for more than 90% of revenue, operating profit or loss and assets.