Declining profitability in the Structural Equipment Business and impairment loss
First written in FY2017. 10 of 31 entries say "Worsened", first in FY2022. Latest entry: 2026-08-06.
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- FY2026WorsenedAnnual report
「Revenue from structural equipment was ¥11,235 million, down 0.7% from the previous fiscal year, and segment profit was ¥1,306 million, down 33.2%.」
Revenue from structural equipment declined 0.7% from the previous fiscal year and segment profit declined 33.2%, indicating lower profitability from the previous year's high level. - FY2026-H1WorsenedAnnual report
「Products for bridges performed steadily, with products for railways and general roads remaining firm. Building-related products also performed steadily, led by products for urban development projects and logistics centers, resulting in revenue above the same period of the previous year. However, because there were no large projects comparable to those in the previous fiscal year and profit returned to its usual level, profit was below the same period of the previous year. As a result, revenue from structural equipment was ¥5,991 million, up 6.5% year on year, and segment profit was ¥781 million, down 26.1%.」
With no large projects comparable to those in the previous fiscal year, segment profit for structural equipment fell 26.1% year on year, and the risk of declining profitability emerged in the first-half results. - FY2025WorsenedAnnual report
「Revenue from the structural equipment segment was ¥11,311 million, down 14.8% from the previous fiscal year, and segment profit was ¥1,956 million, down 36.9%.」
Following record-high performance in the previous fiscal year, structural equipment delivered lower revenue and profit for the full year due to delays to project schedules and other factors, and the risk of declining profitability has re-emerged in performance. - FY2025-H1MitigatedAnnual report
「As a result, revenue from structural equipment was ¥5,623 million, up 10.5% year on year, and segment profit was ¥1,056 million, up 1.7%.」
Although there were delays to several construction schedules, structural equipment delivered higher revenue and profit year on year due to progress on large projects and other factors, and the risk of declining profitability has eased in the first-half results. - FY2024MitigatedAnnual report
「As a result, revenue from structural equipment was ¥13,283 million, up 16.8% from the previous fiscal year, and segment profit was ¥3,097 million, up 104.8%, resulting in record-high performance for the structural equipment segment.」
The structural equipment segment achieved record-high performance, further mitigating the risk of declining profitability seen in the past in the current fiscal year's results. - FY2024-Q3MitigatedAnnual report
「As a result, revenue from structural equipment was ¥7,867 million, up 10.6% year on year, and segment profit was ¥1,474 million, up 86.1%.」
Revenue from structural equipment increased year on year, while segment profit also rose 86.1%. The risk of declining profitability in structural equipment indicated until recently remains mitigated in the third-quarter results. - FY2024-Q2MitigatedAnnual report
「As a result, revenue from structural equipment was ¥5,087 million, up 18.1% year on year, and segment profit was ¥1,039 million, up 136.7%.」
Structural equipment posted higher revenue and profit due to the completion of large expressway projects and other factors, and the risk of declining profitability indicated until recently has eased in the quarter's results. - FY2024-Q1MitigatedAnnual report
「As a result, revenue from structural equipment was ¥2,825 million, up 47.9% year on year, and segment profit was ¥699 million, up 318.2%.」
Structural equipment delivered substantial year-on-year increases in revenue and profit, and the risk of declining profitability cited until recently has eased in the quarter's results. - FY2023WorsenedAnnual report
「However, compared with the same period of the previous year, fewer large projects resulted in lower revenue and profit for the structural equipment segment as a whole, despite the segment maintaining a high profit margin.」
Revenue and profit from structural equipment fell below the previous year due to fewer large projects, and the risk of declining profitability emerged in full-year performance. - FY2023-Q3WorsenedAnnual report
「As a result, revenue from structural equipment was ¥7,112 million, down 2.6% year on year, and segment profit was ¥792 million, down 21.7%.」
Revenue from structural equipment declined 2.6% and segment profit declined 21.7%, indicating that the risk of declining profitability is being reflected in performance. - FY2022WorsenedAnnual report
「Although indicators of impairment were identified for the OAC asset group during the consolidated fiscal year, no impairment loss was recognized because the total undiscounted future cash flows expected from the asset group exceeded its carrying amount.」
Although no impairment loss was recognized, indicators of impairment were identified for property, plant and equipment, and the risk remains ongoing. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in the risks related to declining profitability and impairment losses in the structural equipment business. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. There were also no significant changes to the business or other risks described in the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in the risks related to declining profitability and impairment losses in the structural equipment business. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to declining profitability and impairment losses in the structural equipment business. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in the risks related to declining profitability and impairment losses in the structural equipment business. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. There were also no significant changes to the business or other risks described in the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in the risks related to declining profitability and impairment losses in the structural equipment business. - FY2020-Q3RestatedAnnual report
「There have been no material changes in the business and other risks described in the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in the risks related to declining profitability and impairment losses in the structural equipment business. - FY2020-Q1RestatedAnnual report
「There have been no material changes in the business and other risks described in the securities report for the previous consolidated fiscal year.」
The company states that there have been no material changes in the risks related to declining profitability and impairment losses in the structural equipment business. - FY2019MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥121 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥121 million was recognized on structural equipment manufacturing facilities due to lower expected returns. - FY2019-Q3MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥39 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥39 million due to lower expected returns was recognized on structural equipment manufacturing facilities for the nine months ended the third quarter. - FY2019-Q2MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥13 million was recognized as an impairment loss under extraordinary losses.」
An impairment loss of ¥13 million due to lower expected returns was recognized on structural equipment manufacturing facilities for the cumulative second-quarter period. - FY2019-Q1MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥9 million was recognized as an impairment loss under extraordinary losses.」
An additional impairment loss of ¥9 million due to lower expected returns was recognized on structural equipment manufacturing facilities in the first quarter. - FY2018MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥59 million was recognized as an impairment loss under extraordinary losses.」
An additional impairment loss of ¥59 million was recognized on structural equipment manufacturing facilities due to lower expected returns. - FY2018-Q3MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥57 million was recognized as an impairment loss under extraordinary losses.」
The impairment loss on structural equipment manufacturing facilities was ¥57 million for the nine months ended the third quarter, up from ¥31 million for the preceding cumulative quarter. - FY2018-Q2MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥31 million was recognized as an impairment loss under extraordinary losses.」
An additional impairment loss of ¥31 million was recognized on structural equipment manufacturing facilities due to changes in the business environment and lower expected returns. - FY2018-Q1MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥24 million was recognized as an impairment loss under extraordinary losses.」
Due to declining profitability in the structural equipment business, an additional impairment loss of ¥24 million was recognized on structural equipment manufacturing facilities in Ashikaga. - FY2017MaterialisedAnnual report
「As the business environment in the structural equipment segment changed, some products were no longer expected to generate the returns initially projected. As recovery of the investment was therefore deemed difficult, ¥2,508 million was recognized as an impairment loss under extraordinary losses.」
Declining profitability in the structural equipment business materialized, and an impairment loss of ¥2,508 million was recognized on manufacturing equipment and other assets in Ashikaga.