Maintenance of Existing Bridges and Expansion into Infrastructure and Production Equipment Businesses

「For bridge-related products, we generated sales mainly from seismic retrofitting and Shinkansen-related projects, while for architectural products, sales were generated mainly from urban redevelopment projects. However, the impact of delays and cancellations of plans, primarily due to soaring material prices and labor shortages, resulted in lower sales and profit than in the same period of the previous year.」

「For bridge-related products, we generated sales mainly from railway and ordinary road projects, while for architectural products, sales were generated mainly from urban redevelopment projects and logistics centers. However, project timing differences, equipment restoration following the performance testing equipment failure and costs incurred to respond to shipments using external equipment resulted in lower sales and profit than in the previous fiscal year.」

「Bridge products remained solid for railways and general roads, while building products remained solid, particularly for urban development projects and logistics centers, resulting in revenue above the same period of the previous year. However, profit fell below the same period of the previous year because there were no large projects comparable to those in the previous fiscal year, leaving profit at a typical level. 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%.」

「We will seek to expand our share of large products adopted for growing infrastructure renewal, urban redevelopment and urban data centers, while actively pursuing new market-creating initiatives to expand sales and market share even as projects are delayed or reduced due to labor shortages and other factors. We are also reorganizing the Ashikaga Plant to meet demand for large products and expect to complete the new shipping building during the current fiscal year.」

「In the building products business, projects for logistics centers and urban redevelopment projects, among others, were completed as in the previous fiscal year. Large bridge projects, including expressway and Shinkansen-related projects, also progressed smoothly, resulting in revenue and profit above the same period of the previous year. 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%.」

「For bridge products, several large projects were recorded in addition to strong demand for expressways and renovation work. In the fourth quarter, the completion of products for large projects, the effects of lower manufacturing costs and the early completion of projects initially expected in the following fiscal year substantially lifted revenue and profit. As a result, revenue from structural equipment was ¥13,283 million, up 16.8% year on year, and segment profit was ¥3,097 million, up 104.8%, making this the Structural Equipment segment's highest-ever performance.」

「Building products for logistics centers and data centers, as well as urban redevelopment projects, remained solid. For bridge products, several large expressway projects were completed, and strong demand for renovation work lifted revenue and profit for the segment as a whole. 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%.」

「Sales of building products fell below the same period of the previous year due to delays in urban redevelopment projects, but several planned large expressway projects involving bridge products were completed, lifting revenue and profit for the segment as a whole. 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%.」

「Building products continued to generate solid sales, supported by logistics centers, data centers and urban redevelopment projects, as in the previous fiscal year. For bridge products, several planned large expressway projects were completed, lifting revenue and profit for the segment as a whole. 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%.」

「Revenue in the Structural Equipment segment was ¥11,375 million, down 7.6% year on year, and segment profit was ¥1,512 million, down 40.0%.」

「For both bridge and building products, sales were pushed back to the fourth quarter or later due to delays in project schedules, while the number of large projects declined from the same period of the previous year. Consequently, revenue and profit from structural equipment as a whole fell below the same period of the previous year.」

「For both bridge and building products, sales were pushed back to the third quarter or later due to delays in project schedules, while the number of large projects was lower than in the same period of the previous year. Consequently, revenue and profit for structural equipment as a whole fell below the same period of the previous year. As a result, revenue from structural equipment was ¥4,309 million, down 15.4% year on year, and segment profit was ¥439 million, down 37.9%.」

「For bridge products, projects scheduled to generate sales were pushed back to the second quarter or later due to construction delays. Although sales of building products for planned projects progressed smoothly, there were fewer large projects than in the same period of the previous year, resulting in lower revenue and profit for the segment as a whole. As a result, revenue from structural equipment was ¥1,909 million, down 27.0% year on year, and segment profit was ¥167 million, down 57.4%.」

「For bridge products, we will focus on capturing demand for seismic retrofits and repairs of aging infrastructure, while actively proposing seismic isolation for small and medium-sized bridges alongside the successful acquisition of large projects.」

「Building products generated sales above the same period of the previous year in urban redevelopment and large warehouse projects, among others, but the impact of construction schedule delays, mainly for bridge products, which pushed shipments back to the fourth quarter or later, was substantial. Overall, revenue and profit from structural equipment fell below the same period of the previous year. As a result, revenue from structural equipment was ¥7,305 million, down 9.1% year on year, and segment profit was ¥1,012 million, down 31.7%.」

「Building products generated solid sales in urban redevelopment projects and large warehouse projects, but shipments, mainly of bridge products, were pushed back to the third quarter or later due to delays in construction schedules and other factors. As a result, revenue from structural equipment was ¥5,095 million, down 5.4% year on year, and segment profit was ¥707 million, down 29.2%.」

「Shipments, mainly of bridge products, were pushed back to the second quarter or later due to delays in construction schedules and other factors, but sales of building products exceeded the same period of the previous year, partly due to an increase in urban redevelopment projects. As a result, revenue from structural equipment was ¥2,614 million, up 11.0% year on year, and segment profit was ¥392 million, up 31.7%.」

「Both bridge and building products progressed smoothly with little impact from the COVID-19 shock. As a result, revenue from structural equipment was ¥8,040 million, up 1.3% year on year, and segment profit was ¥1,482 million, up 21.8%.」

「Large bridge projects progressed smoothly, resulting in sales and profit above the same period of the previous year. Sales of building products were maintained at approximately the same level as in the previous year. As a result, revenue from structural equipment was ¥5,387 million, up 8.2% year on year, and segment profit was ¥999 million, up 43.5%.」

「Shipments of both building and bridge products were pushed back to the second quarter or later due to delays in customers' construction schedules and other factors, but revenue and profit were maintained at approximately typical levels. As a result, revenue from structural equipment was ¥2,356 million, down 24.9% year on year, and segment profit was ¥298 million, down 45.7%.」

「Sales of bridge products substantially exceeded the previous year's level, while sales of building products were maintained at approximately the previous year's level. As a result, revenue from structural equipment was ¥7,935 million, up 37.6% year on year, and segment profit was ¥1,218 million, up 173.1%.」

「Sales of products for buildings were maintained at approximately the previous year's level, while sales of products for bridges substantially exceeded the previous year's level. As a result, revenue from structural equipment was ¥4,978 million, up 38.6% year on year, and segment profit was ¥696 million, up 349.8%.」

「Sales of products for buildings were approximately at the previous year's level, while sales of products for bridges substantially exceeded the previous year's level, resulting in higher revenue and profit. As a result, revenue from structural equipment was ¥3,139 million, up 81.7% year on year, and segment profit was ¥549 million, up 1,123.7%.」

「Amid favorable market conditions, active sales efforts led to substantial year-on-year increases in orders for both building and bridge products, resulting in higher revenue and profit. As a result, revenue in the Structural Equipment segment was ¥9,054 million, up 31.6% year on year, and segment profit was ¥1,108 million, compared with a segment loss of ¥11 million in the previous period.」

「Sales of products for buildings increased significantly from the previous year, reflecting a substantial rise in orders. Sales of products for bridges were maintained at approximately the previous year's level. As a result, revenue from structural equipment was ¥5,768 million, up 20.2% year on year, and segment profit was ¥446 million, compared with a segment loss of ¥175 million in the same period of the previous year.」

「The company is also developing markets for new businesses serving logistics and infrastructure facilities, among others, and will actively pursue this initiative to grow them into a third core business alongside its traditional building equipment and bridge equipment businesses.」

「The Structural Equipment business will seek to secure competitiveness by focusing on developing markets where the company's strengths can be fully deployed, while improving efficiency through further cost-reduction measures and working to improve profitability.」

「Although the business environment for the Structural Equipment business is challenging due to the freezing of construction starts for new projects as a result of rising construction costs and other factors, the company will work to further improve its earnings base by establishing new business foundations, including seismic isolation and vibration control for infrastructure and production equipment, as well as through thorough cost reductions and expense cuts.」

「In addition to its traditional bridge and building businesses, the Structural Equipment business will focus on expanding sales by securing maintenance projects for existing bridges and developing new fields, including factory equipment and plants for BCP-related applications and detached houses.」

「As the business environment for existing operations remains challenging, the Structural Equipment business will focus on securing maintenance projects for existing bridges and developing new businesses, including seismic isolation and vibration control applications for infrastructure and production equipment.」