Weakness in East Asian Markets, Particularly China
First written in FY2016-Q3. 9 of 39 entries say "Worsened", first in FY2016. Latest entry: 2026-08-06.
Nissei Asb Machine 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 2019: 15 of 33 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- 2026-08-06RestatedFinancial results presentation
「Japan remains solid; China remains sluggish」
The company repeated its explanation that the Chinese market remains sluggish. This was a continuation of the existing weakness in East Asia, centered on China, rather than a new deterioration. - FY2026-H1WorsenedAnnual report
「The Chinese market remained sluggish because of stagnant economic conditions and intensifying competition. In Japan, the closing of a major project for the beverage market was delayed until the next quarter, causing orders to temporarily decline. As a result, orders during the interim period amounted to ¥3,434 million (88.6% year on year) and net sales to ¥3,838 million (80.9%), both below the previous year’s levels.」
Orders and revenue in East Asia fell below the year-earlier levels due to economic stagnation and intensifying competition in China and the postponement of the closing of a major project in Japan. - FY2025Orders declined as major projects dropped out; shipments increased revenue and profitAnnual report
「Although orders for small and medium-sized machines remained firm, orders for the period declined to ¥6,573 million, or 70.2% of the previous fiscal year's level, because the major project for Japan involving the PF36 series that had been recorded in the year-earlier period dropped out. Revenue, however, reached a full-year record high of ¥8,408 million, or 134.1% of the previous fiscal year's level, as shipments of the aforementioned major project were made. Segment profit also increased to ¥6,951 million, or 127.6% of the previous fiscal year's level, due to the effect of higher revenue.」
In East Asia, orders declined as the major project dropped out, while full-year revenue and segment profit reached record highs due to shipments of the project. - FY2025-H1Orders declined as major projects dropped out; shipments drove a sharp increase in revenue and profitAnnual report
「Although orders for small and medium-sized machines remained firm, orders for the interim period declined to ¥3,875 million, or 83.3% of the year-earlier level, because the major project for Japan involving the PF36 series that had been recorded in the year-earlier period dropped out. Revenue, however, reached a record high for an interim period of ¥4,745 million, or 230.9% of the year-earlier level, as shipments of the aforementioned major project progressed smoothly. Segment profit also increased to ¥3,049 million, or 140.4% of the year-earlier level, due to the effect of higher revenue.」
In East Asia, orders fell below the year-earlier level as the major PF36-series project for Japan dropped out, while revenue reached a record high for an interim period and profit also increased due to shipments of the project. - FY2024AdvancedAnnual report
「Strong orders for large machines (PF36) in the Japanese market brought orders for the period to a record high of ¥9,360 million, or 158.9% of the previous fiscal year's level. Revenue, however, declined to ¥6,269 million, or 88.2% of the previous fiscal year's level, partly because shipments of large machines were scheduled for the following period. Segment profit also declined to ¥5,448 million, or 82.4% of the previous fiscal year's level.」
In East Asia, full-year orders reached a record high due to PF36 orders in Japan, while revenue and profit declined due to the timing of large-machine shipments. - FY2024-Q2Record-high orders; revenue continued to declineAnnual report
「Continued strong orders for the major PF36 project in the Japanese market brought orders for the period to a record high for a second quarter, at ¥4,651 million, or 167.1% of the year-earlier level. Revenue, however, declined to ¥2,055 million, or 86.7% of the year-earlier level, partly because shipments of major projects ordered last fiscal year were scheduled from the second half onward. Segment profit consequently declined to ¥2,171 million, or 73.1% of the year-earlier level.」
In East Asia, orders reached a record high for a second quarter, led by PF36 in Japan, while revenue and segment profit fell below the year-earlier levels due to the timing of shipments of major projects. - FY2024-Q1WorsenedAnnual report
「Early order placement for a major project (PF36) in the Japanese market drove orders for the period sharply higher to ¥2,674 million, or 215.1% of the year-earlier level. Revenue, however, declined to ¥890 million, or 88.9% of the year-earlier level, partly due to weakness in the Chinese market, and segment profit consequently declined to ¥1,258 million, or 90.1% of the year-earlier level.」
Orders increased due to the PF36 order in Japan, while East Asian revenue and segment profit fell below the year-earlier levels due to weakness in the Chinese market. - FY2023AdvancedAnnual report
「Demand in Japan remained relatively firm, and the substantial order backlog was converted into sales, resulting in record-high regional revenue of ¥7,111 million, or 143.7% of the year-earlier level. Segment profit also increased to ¥6,614 million, or 113.8% of the year-earlier level, due in part to the effect of higher revenue.」
In East Asia, full-year revenue reached a record high, and segment profit also exceeded the previous year's level. - FY2023-Q3Improving orders in China; record-high East Asian revenue; higher profitAnnual report
「Although signs of gradual improvement emerged in China's order environment, including numerous inquiries at the Chinese trade show held during the period, total orders for the period fell below the year-earlier level to ¥3,525 million, or 96.8% of the year-earlier level, partly because contracts for prospective projects in Japan were pushed back. Revenue, however, reached a record high of ¥4,149 million, or 101.4% of the year-earlier level, as the substantial order backlog was converted into sales. Segment profit also increased to ¥4,565 million, or 104.6% of the year-earlier level, due in part to the effect of higher revenue.」
Although China's order environment showed signs of improvement, orders across East Asia fell below the year-earlier level. Revenue reached a record high, while segment profit also increased. - FY2023-Q2Order recovery and record-high order backlog, but revenue declinedAnnual report
「As economic activity in the region began to resume in earnest, signs of recovery emerged in the order environment, and the order backlog at the end of the period reached a record high of ¥4,265 million, or 192.8% of the year-earlier level. Revenue, however, declined to ¥2,369 million, or 74.1% of the year-earlier level, because shipments of large machines for Japan were scheduled for the second half of the fiscal year.」
In East Asia, signs of recovery emerged in the order environment and the order backlog reached a record high, but revenue declined to 74.1% of the year-earlier level due to the timing of large-machine shipments. - FY2023-Q1Demand weakened due to China's economic activity restrictions; revenue continued to declineAnnual report
「Demand in markets across the region weakened amid uncertainty over economic conditions during the COVID-19 pandemic and the impact of restrictions on economic activity in the Chinese market, resulting in a decline in regional revenue to ¥1,002 million, or 92.1% of the year-earlier level.」
In East Asia, restrictions on economic activity in the Chinese market and weakening demand across national markets were identified, and regional revenue continued to decline. However, the year-on-year level improved from 82.2% for the previous full fiscal year to 92.1%. - FY2022WorsenedAnnual report
「Demand in Japan remained relatively firm, but demand in other regions weakened, resulting in a decline in regional revenue to ¥4,948 million, or 82.2% of the previous fiscal year's level. Segment profit also declined to ¥5,809 million, or 75.6% of the previous fiscal year's level, due in part to the lower sales volume.」
Despite relatively firm demand in Japan, East Asia posted lower revenue and profit for the full year as demand in other regions weakened. - FY2022-Q3East Asia continued to post higher revenue but lower profitAnnual report
「As demand in Japan remained relatively firm, regional revenue increased to ¥4,092 million, or 102.7% of the year-earlier level. Segment profit, however, declined to ¥4,366 million, or 72.9% of the year-earlier level, due in part to lower sales to group companies.」
Revenue in East Asia exceeded the year-earlier level on the back of demand in Japan, while profit fell below the year-earlier level due in part to lower sales to group companies. - FY2022-Q2Strong demand for large machines in Japan; higher revenue but lower profitAnnual report
「Demand for large machines in Japan remained firm, resulting in regional revenue of ¥3,197 million, up to 128.3% of the year-earlier level. Segment profit, however, declined to ¥2,994 million, or 77.8% of the year-earlier level, due in part to lower sales to group companies.」
Revenue in East Asia increased on the back of demand for large machines in Japan, while profit declined due in part to lower sales to group companies. - FY2022-Q1Higher sales, softening demand, lower profitAnnual report
「Although demand in the markets of individual countries softened amid the uncertain economic environment caused by the COVID-19 pandemic, efforts to smoothly work through the order backlog drove sales for the region as a whole up to ¥1,087 million, or 103.4% of the prior-year period. Segment profit, however, declined to ¥1,418 million, or 90.0%, due mainly to lower sales to group companies.」
In East Asia, demand softened, but sales increased as the order backlog was worked through, while segment profit declined. - FY2021RestatedAnnual report
「Although demand was uncertain in some regions, increased shipments, mainly in Japan, drove sales for the region as a whole up to ¥6,016 million, or 103.6% of the previous fiscal period. Segment profit increased to ¥7,688 million, or 191.8%, due to the effect of higher sales and lower exhibition expenses, among other factors.」
While uncertainty remained in some East Asian markets, the region posted higher sales and profit for the full year. - FY2021-Q3RestatedAnnual report
「Demand in the markets of individual countries remained firm, and sales for the region as a whole increased to ¥3,985 million, or 137.3% of the prior-year period. Segment profit increased to ¥5,985 million, or 215.4%, due to the effect of higher sales and lower exhibition expenses, among other factors.」
Firm demand in East Asian markets and higher sales and profit across the region continued. - FY2021-Q2MitigatedAnnual report
「Demand in the markets of individual countries remained firm, and sales for the region as a whole increased to ¥2,492 million, or 126.9% of the prior-year period. Segment profit increased to ¥3,845 million, or 186.6%, due to the effect of higher sales and lower exhibition expenses, among other factors.」
East Asia improved from lower sales in the previous quarter to a position in which both sales and segment profit exceeded the prior-year period. - FY2021-Q1Lower East Asian sales, higher profitAnnual report
「Although demand in the markets of individual countries remained relatively firm, sales for the region as a whole declined to ¥1,051 million, or 88.7% of the prior-year period, due to the reaction to higher sales at the end of the previous fiscal period. Segment profit, however, increased to ¥1,576 million, or 192.7%, due mainly to lower exhibition expenses.」
While demand in individual East Asian markets was described as relatively firm, sales declined to 88.7% of the prior-year period due to the reaction to higher sales at the end of the previous fiscal period. Profit increased due mainly to lower exhibition expenses. - FY2020MitigatedAnnual report
「(2) East Asia Strong demand for large aircraft in Japan and China, the region's main markets, drove sales for the region as a whole up to ¥5,806 million, or 125.1% of the previous fiscal period. Segment profit also increased to ¥4,007 million, or 112.3%, due to lower factory consolidation costs recorded in the previous fiscal year and improved profitability on sales to group companies, among other factors.」
In East Asia, including China, which had been weak through the previous fiscal period, strong demand for large aircraft drove both sales and segment profit above the previous fiscal period. - FY2020-Q3Sales continued to decline, while profit increased due to lower one-off expenses and other factorsAnnual report
「Lower sales in Japan and China resulted in lower sales for the region as a whole of ¥2,903 million, or 81.7% of the prior-year period. Segment profit, however, increased to ¥2,778 million, or 116.9%, due to lower one-off costs related to the factory consolidation recorded in the previous fiscal year and improved profitability on sales to group companies.」
While lower sales in China and Japan continued to weigh on East Asian sales, segment profit exceeded the prior-year period due to lower one-off costs associated with factory consolidation and improved profitability on sales to group companies. - FY2020-Q2WorsenedAnnual report
「Lower sales in China and Japan resulted in lower sales for the region as a whole of ¥1,963 million, or 79.6% of the prior-year period.」
In East Asia, including China, which had recovered in the previous fiscal period, lower sales in China and Japan brought regional sales down to 79.6% of the prior-year period. Segment profit increased due to lower one-off expenses and other factors. - FY2020-Q1MitigatedAnnual report
「Higher sales in China and Japan drove sales for the region as a whole up to ¥1,185 million, or 128.0% of the prior-year period. Segment profit also increased to ¥817 million, or 128.9%.」
In the East Asian market, which had been weak in the previous fiscal period, higher sales in China and Japan drove regional sales and profit above the prior-year period, extending the recovery. - FY2019RestatedAnnual report
「Higher sales in China, South Korea and other major markets drove sales for the region as a whole up to ¥2,261 million, or 145.5% of the previous fiscal period. Segment profit also increased to ¥609 million, or 138.5%, due to higher sales.」
Recovery in the East Asian market, centered on China and South Korea, was confirmed for the full year, with both sales and segment profit exceeding the previous fiscal period. - FY2019-Q3MitigatedAnnual report
「Higher sales in China and other major markets drove sales for the region as a whole up to ¥1,478 million, or 130.4% of the prior-year period. Segment profit also increased to ¥363 million, or 116.5%, due to higher sales.」
Higher sales and profit continued in the East Asian market, including China, with sales at 130.4% of the prior-year period and segment profit at 116.5%. - FY2019-Q2MitigatedAnnual report
「Higher sales in China and other major markets drove sales for the region as a whole up to ¥1,075 million, or 168.5% of the prior-year period. Segment profit also increased to ¥228 million, or 124.1%, due to higher sales.」
The East Asian market, including China, which had been weak in the previous fiscal period, posted higher sales and profit, with sales at 168.5% of the prior-year period and segment profit at 124.1%. - FY2019-Q1MitigatedAnnual report
「Higher sales in China and other major markets drove sales for the region as a whole up to ¥456 million, or 239.0% of the prior-year period. Despite exhibition expenses being recorded, segment profit increased to ¥69 million, or 148.2%, due to the effect of higher sales.」
In the East Asian market, which had been weak in the previous fiscal period, higher sales in China and elsewhere drove regional sales to 239.0% of the prior-year period and segment profit to 148.2%, indicating a recovery. - FY2018WorsenedAnnual report
「Lower sales in China, Taiwan and other major markets resulted in lower sales for the region as a whole of ¥1,554 million, or 65.1% of the previous fiscal period. Segment profit also declined to ¥439 million, or 73.4%, due to lower sales.」
Due to lower sales in China, Taiwan and elsewhere, full-year East Asian sales fell to 65.1% of the previous fiscal period and profit to 73.4%, confirming continued weakness for the full year. - FY2018-Q3WorsenedAnnual report
「Lower sales in China, Taiwan and other major markets resulted in lower sales for the region as a whole of ¥1,133 million, or 70.1% of the prior-year period. Segment profit also declined to ¥312 million, or 75.1%, due to the effect of lower sales.」
Due to lower sales in China, Taiwan and elsewhere, East Asian sales fell to 70.1% of the prior-year period and segment profit to 75.1%, declining further from the previous quarter. - FY2018-Q2China posted slight growth, but the region as a whole had lower salesAnnual report
「Although China, the region's main market, slightly exceeded the prior-year period, lower sales in markets such as Taiwan resulted in a sharp decline in sales for the region as a whole to ¥638 million, or 77.1% of the prior-year period. Segment profit also declined sharply to ¥184 million, or 81.5%, due to the impact of lower sales.」
While the Chinese market slightly exceeded the prior-year period, lower sales in Taiwan and elsewhere resulted in East Asian sales of 77.1% of the prior-year period and profit of 81.5%. - FY2018-Q1WorsenedAnnual report
「Sales in China and other major markets fell sharply below the prior-year period, causing sales for the region as a whole to decline sharply to ¥190 million, or 46.0%. Segment profit also declined sharply to ¥46 million, or 42.9%, due to the impact of the substantial sales decline.」
In the East Asian market, including China, which had been described as recovering in the previous fiscal year, sales fell to 46.0% of the prior-year period and segment profit to 42.9%. - FY2017MitigatedAnnual report
「As users' capital investment appetite in China, the region's main market, moved toward recovery, sales for the region as a whole increased sharply to ¥2,388 million, or 131.2% of the previous fiscal period. Segment profit also rose sharply to ¥599 million, or 123.7%, due to the effect of higher sales.」
Recovery in capital investment appetite in the Chinese market continued for the full year, and East Asian sales and segment profit were well above the prior year. - FY2017-Q3MitigatedAnnual report
「Recovering demand for the company's products in China, the region's main market, and other factors drove sales for the region as a whole sharply higher to ¥1,617 million, or 119.2% of the prior-year period. Segment profit also rose sharply to ¥415 million, or 121.3%, due to the effect of higher sales.」
Product demand recovered in China, driving a sharp increase in East Asian sales and segment profit from the prior-year period. - FY2017-Q2Sales declined, but the order environment remained favorableAnnual report
「Although the order environment remained favorable, sales for the region as a whole declined to ¥827 million, or 83.5% of the prior-year period, partly because the opening order backlog was low.」
East Asian sales declined to 83.5% of the prior-year period, although the order environment itself was described as favorable. The low opening order backlog was identified as a factor behind the decline in sales. - FY2017-Q1MitigatedAnnual report
「As China, the region's main market, moved toward recovery, sales for the region as a whole increased sharply to ¥415 million, or 127.4% of the prior-year period.」
The Chinese market, which had been weak in the previous fiscal period, moved toward recovery, and East Asian sales increased to 127.4% of the prior-year period. - FY2016WorsenedAnnual report
「Weak capital investment appetite among users in China, the region's main market, resulted in a sharp decline in sales for the region as a whole to ¥1,819 million, or 79.7% of the previous fiscal period.」
East Asian sales fell to 79.7% of the prior-year period, down further from 88.6% in the previous quarter. - FY2016-Q3MaterialisedAnnual report
「Weak market conditions in China, the region's main market, resulted in lower sales for the region as a whole, which declined to ¥1,356 million, or 88.6% of the prior-year period.」
Weakness in the Chinese market resulted in lower sales in East Asia than in the prior-year period.