Risk of concentration in capital investment by the plastics molding and processing industry
First written in FY2016. 20 of 40 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-07-31.
No other company in this theme has enough history to compare yet.
- 2026-07-31WorsenedEarnings
「主として日本及び北中米セグメントにおける自動車業界向けを中心とした射出成形関連の受注低迷により」
自動車向け射出成形関連への集中に伴う設備投資依存リスクが、日本・北中米の受注低迷と減収として実績に現れた。 - FY2026WorsenedAnnual report
「Although orders received for film and sheet products, non-plastic products such as medical products, office automation equipment in certain overseas regions and motorcycles remained relatively firm, orders related to injection molding, particularly for the automotive industry, and lithium-ion batteries for EVs declined. Orders received for the full fiscal year fell 0.7% year on year, while sales declined 6.7%.」
The concentration in injection molding products for automobiles and EV battery-related products became apparent in a 0.7% decline in orders received and a 6.7% decline in sales. - FY2026-H1WorsenedAnnual report
「Machinery orders from manufacturers were broadly flat, totaling ¥1,309.4 billion in October–December 2024, up 7.0% year on year, ¥1,297.7 billion in January–March 2025, up 5.6%, ¥1,317.4 billion in April–June, up 4.1%, ¥428.3 billion in July and ¥418.0 billion in August. Against a backdrop of concerns about an economic downturn resulting from U.S. tariff policy, this is presumed to indicate a growingly cautious stance toward capital investment.」
Although machinery orders from manufacturers increased year on year on a quarterly basis, they were broadly flat in July and August. The company stated that its stance toward capital investment had become more cautious against a backdrop of U.S. tariff policy. - FY2025WorsenedAnnual report
「In the consolidated fiscal year, in addition to the slowdown in the Chinese economy in the East Asia segment, capital investment in equipment related to lithium-ion batteries for EVs and lenses for smartphones and VR applications declined sharply. As a result, sales fell well short of the plan, and consolidated sales also fell below the plan.」
The slowdown in the Chinese economy and the sharp decline in capital investment related to EV batteries and optical lenses caused sales to fall well below plan. The company also stated that it expects a substantial decline in sales and profit in fiscal 2025. - FY2024WorsenedAnnual report
「Orders received declined 15.9% year on year for the full fiscal year, largely because orders for injection molding machines remained weak, particularly from the domestic and overseas automotive industries, orders for peripheral equipment for injection molding machines declined, and orders related to lithium-ion batteries for electric vehicles and lenses for smartphones and VR applications showed signs of a pause.」
Weak orders for injection molding machines and peripheral equipment related to automobiles, as well as EV batteries and smartphone and VR lenses, became apparent in a 15.9% full-year decline in orders received. - FY2024-Q3WorsenedAnnual report
「The trend in machinery orders, one of the leading indicators for gauging capital investment, shows that machinery orders from manufacturers totaled ¥1,249.2 billion in January–March 2023, down 6.2% year on year, ¥1,262.6 billion in April–June, down 10.5%, ¥1,230.6 billion in July–September, down 10.8%, ¥409.1 billion in October and ¥377.3 billion in November, continuing on a downward trend.」
Machinery orders from manufacturers continued to decline year on year, with a 10.8% decline in July–September. Downward pressure in the demand environment surrounding the risk of dependence on capital investment continued. - FY2024-Q2WorsenedAnnual report
「The trend in machinery orders, one of the leading indicators for gauging capital investment, also shows that machinery orders from manufacturers totaled ¥1,225.5 billion in October–December 2022, down 8.4% year on year, ¥1,249.2 billion in January–March 2023, down 6.2%, ¥1,262.6 billion in April–June, down 10.5%, ¥406.7 billion in July and ¥415.6 billion in August. Although orders increased from the immediately preceding quarter, the year-on-year downward trend continued.」
Although machinery orders from manufacturers increased from the immediately preceding quarter, the year-on-year downward trend continued, as did downward pressure in the demand environment surrounding the risk of dependence on capital investment. - FY2024-Q1WorsenedAnnual report
「The trend in machinery orders, one of the leading indicators for gauging capital investment, also shows that machinery orders from manufacturers totaled ¥1,401.4 billion in July–September 2022, up 10.6% year on year, ¥1,225.5 billion in October–December, down 8.4%, ¥1,249.2 billion in January–March 2023, down 6.2%, ¥410.0 billion in April and ¥423.0 billion in May. Although May showed a slight recovery, orders were down 7.0% year on year, and the downward trend continued from the second half of fiscal 2022.」
Machinery orders from manufacturers continued to decline from the second half of fiscal 2022, with April and May 2023 also down 7.0% year on year. Downward pressure in the demand environment surrounding the risk of dependence on capital investment continued. - FY2023WorsenedAnnual report
「The trend in machinery orders, one of the leading indicators for gauging capital investment, shows that orders totaled ¥1,430.0 billion in April–June 2022, up 21.2% year on year, ¥1,401.4 billion in July–September, up 10.6%, ¥1,225.5 billion in October–December, down 8.4%, ¥393.0 billion in January and ¥433.3 billion in February. Although there was a slight recovery in February, the overall trend in the second half of the fiscal year continued to decline.」
Capital investment indicators turned to a year-on-year decline in the second half of the fiscal year. Although the order backlog increased 50.7% in the fiscal year, the immediate demand environment surrounding the risk of dependence on capital investment showed downward pressure. - FY2023-Q3WorsenedAnnual report
「Accordingly, the trend in machinery orders, one of the leading indicators for gauging capital investment, shows that machinery orders from manufacturers totaled ¥1,311.2 billion in January–March 2022, up 24.2% year on year, ¥1,430.0 billion in April–June, up 21.2%, and ¥1,401.4 billion in July–September, up 10.6%, but declined to ¥425.3 billion in October and ¥385.9 billion in November.」
Although machinery orders from manufacturers continued to grow year on year on a quarterly basis, they trended downward in October and November, indicating downward pressure in the immediate demand environment surrounding the risk of dependence on capital investment. - FY2023-Q2MitigatedAnnual report
「Meanwhile, the trend in machinery orders, one of the leading indicators for gauging capital investment, shows that machinery orders from manufacturers remained on a recovery trend, totaling ¥1,301.4 billion in October–December 2021, up 23.4% year on year, ¥1,311.2 billion in January–March 2022, up 24.2%, ¥1,430.0 billion in April–June, up 21.2%, ¥450.6 billion in July and ¥496.3 billion in August.」
Machinery orders from manufacturers continued to grow year on year, and the recovery in the demand environment surrounding the risk of dependence on capital investment continued. - FY2023-Q1MitigatedAnnual report
「Meanwhile, the trend in machinery orders, one of the leading indicators for gauging capital investment, shows that machinery orders from manufacturers remained on a recovery trend, totaling ¥1,270.0 billion in July–September 2021, up 33.7% year on year, ¥1,301.4 billion in October–December, up 23.4%, ¥1,311.2 billion in January–March 2022, up 24.2%, ¥501.3 billion in April and ¥452.1 billion in May.」
Machinery orders from manufacturers remained on a year-on-year growth trend, and the recovery in the demand environment surrounding the risk of dependence on capital investment continued. - FY2022MitigatedAnnual report
「The trend in machinery orders, one of the leading indicators for gauging capital investment, also shows that machinery orders from manufacturers are on a recovery trend, totaling ¥1,173.6 billion in April–June 2021, up 26.5% year on year, ¥1,270.0 billion in July–September, up 33.7%, ¥1,301.4 billion in October–December, up 23.4%, ¥432.1 billion in January and ¥424.5 billion in February.」
Machinery orders from manufacturers shifted to a year-on-year growth trend, and the demand environment surrounding the risk of dependence on capital investment recovered. - FY2022-Q3MitigatedAnnual report
「The trend in machinery orders, one of the leading indicators for gauging capital investment, also shows that machinery orders from manufacturers are on a recovery trend, totaling ¥1,047.2 billion in January–March 2021, up 0.8% year on year, ¥1,173.6 billion in April–June, up 26.5%, ¥1,270.0 billion in July–September, up 33.7%, ¥393.8 billion in October and ¥444.4 billion in November.」
Machinery orders from manufacturers remained on a recovery trend, including year-on-year growth of 33.7% in July–September 2021, and the demand environment surrounding the risk of dependence on capital investment improved. - FY2022-Q2MitigatedAnnual report
「Meanwhile, the trend in machinery orders, one of the leading indicators for gauging capital investment, shows that machinery orders from manufacturers are gradually recovering, totaling ¥1,070.3 billion in October–December 2020, up 0.8% year on year, ¥1,047.2 billion in January–March 2021, up 0.8%, ¥1,173.6 billion in April–June, up 26.5%, ¥431.0 billion in July and ¥373.1 billion in August.」
Machinery orders from manufacturers turned to year-on-year growth from October–December 2020, and the demand environment surrounding the risk of dependence on capital investment continued to recover, including growth of 26.5% in April–June. - FY2022-Q1MitigatedAnnual report
「Meanwhile, the trend in machinery orders, one of the leading indicators for gauging capital investment, shows that machinery orders from manufacturers are on a gradual recovery trend, totaling ¥941.8 billion in July–September 2020, down 15.0% year on year, ¥1,070.3 billion in October–December, up 0.8%, ¥1,047.2 billion in January–March 2021, up 0.8%, ¥379.6 billion in April and ¥390.0 billion in May.」
Machinery orders from manufacturers turned to year-on-year growth from October–December 2020, and the demand environment surrounding the risk of dependence on capital investment is on a gradual recovery trend. - FY2021WorsenedAnnual report
「Although orders received gradually recovered from the second half of the fiscal year, they totaled ¥15.247 billion, down ¥4.985 billion year on year, or 24.6%, while the order backlog was ¥4.706 billion, down ¥1.252 billion, or 21.0%.」
The concentration risk arising from dependence on capital investment became apparent for the full year, with orders received down 24.6%, the order backlog down 21.0% and sales down 20.8%. - FY2021-Q3Decline narrows, but conditions remain weakAnnual report
「The trend in machinery orders, one of the leading indicators for gauging capital investment, also shows that machinery orders from manufacturers remained weak, totaling ¥1,097.1 billion in January–March 2020, down 3.4% year on year, ¥914.7 billion in April–June, down 19.9%, ¥941.8 billion in July–September, down 15.0%, ¥353.5 billion in October and ¥345.2 billion in November.」
Machinery orders from manufacturers continued to decline year on year. Although the rate of decline in July–September narrowed from 19.9% to 15.0%, the trend remained weak, including in October and November. - FY2021-Q2WorsenedAnnual report
「The trend in machinery orders, one of the leading indicators for gauging capital investment, also shows that machinery orders from manufacturers continued to decline, totaling ¥1,078.2 billion in October–December 2019, down 10.2% year on year, ¥1,097.1 billion in January–March 2020, down 3.4%, ¥914.7 billion in April–June, down 19.9%, ¥313.1 billion in July and ¥311.2 billion in August.」
The decline in machinery orders from manufacturers widened to 19.9% year on year, and the demand environment surrounding the risk of dependence on capital investment continued to deteriorate. - FY2021-Q1WorsenedAnnual report
「The Japanese economy has also seen uncertainty over the outlook intensify, as the slowdown in domestic and overseas economies associated with the spread of COVID-19 has led to capital investment being postponed or scaled back. The trend in machinery orders, one of the leading indicators for gauging capital investment, also shows that machinery orders from manufacturers continued to decline, totaling ¥1,124.6 billion in July–September 2019, down 10.2% year on year, ¥1,078.2 billion in October–December, down 10.2%, ¥1,097.1 billion in January–March 2020, down 3.4%, ¥334.1 billion in April and ¥282.3 billion in May.」
Capital investment was postponed or scaled back, and machinery orders from manufacturers continued to decline year on year. The risk of dependence on capital investment has worsened further amid the impact of COVID-19. - FY2020WorsenedAnnual report
「Machinery orders by manufacturers remained on a declining trend, at ¥1,135.0 billion in April-June 2019, down 8.5% year on year, ¥1,124.6 billion in July-September, down 10.2%, and ¥1,078.2 billion in October-December, down 10.2%. Orders recovered to ¥380.3 billion in January 2020 and ¥373.8 billion in February, but the outlook is uncertain due to the spread of the novel coronavirus.」
The downward trend in capital investment indicators continued, compounded by uncertainty over the outlook resulting from the spread of COVID-19. The risk of dependence on capital investment has become apparent in the form of lower sales and orders received. - FY2020-Q3WorsenedAnnual report
「Machinery orders by manufacturers continued to trend downward, at ¥1,107.0 billion in January-March 2019, down 8.0% year on year, ¥1,135.0 billion in April-June, down 8.5%, and ¥1,124.6 billion in July-September, down 10.2%. Monthly orders were ¥354.8 billion in October and ¥357.1 billion in November.」
Machinery orders by manufacturers continued to decline year on year, with the decline widening to 10.2% in July-September 2019. The deterioration in the demand environment surrounding the capital investment dependence risk continued. - FY2020-Q2WorsenedAnnual report
「Machinery orders by manufacturers continued to trend downward, at ¥1,199.9 billion in October-December 2018, down 0.6% year on year, ¥1,107.0 billion in January-March 2019, down 8.0%, and ¥1,135.0 billion in April-June, down 8.5%. Monthly orders were ¥384.1 billion in July and ¥380.1 billion in August.」
Machinery orders by manufacturers continued to decline year on year, indicating deterioration in the demand environment surrounding the capital investment dependence risk. - FY2020-Q1WorsenedAnnual report
「The trend in machinery orders, one of the leading indicators for assessing capital investment, also shows that machinery orders by manufacturers, which had been increasing at ¥1,258.3 billion in July-September 2018, up 8.5% year on year, declined to ¥1,199.9 billion in October-December, down 0.6%, and ¥1,107.0 billion in January-March 2019, down 8.0%. The declining trend continued, with orders of ¥400.1 billion in April and ¥370.6 billion in May.」
Machinery orders by manufacturers declined year on year or trended downward from October-December 2018, indicating deterioration in the demand environment surrounding the capital investment dependence risk. - FY2019ReframedAnnual report
「The group’s core business is plastic product manufacturing equipment, with a high proportion of sales coming from high-function, labor-saving equipment for the automotive and electronic component-related industries. The group will continue to focus on developing and expanding new sales fields and developing new products and technologies. However, if capital investment by the plastics molding and processing industries in Japan and overseas declines due to economic conditions or other factors, or if the group is unable to respond to technological innovation surrounding those industries, its performance may be affected.」
The explanation of the risk of concentration in specific business fields was updated to focus on concentration of sales of high-function, labor-saving equipment for the automotive and electronic component industries, and delays in responding to declining capital investment and technological innovation. - FY2019-Q3MitigatedAnnual report
「The trend in machinery orders, one of the leading indicators for assessing capital investment, also shows that machinery orders by manufacturers remained firm, at ¥1,216.8 billion in January-March 2018, up 10.6% year on year, ¥1,283.5 billion in April-June, up 17.8%, and ¥1,258.3 billion in July-September, up 8.5%. Monthly orders were ¥422.6 billion in October and ¥395.7 billion in November.」
Machinery orders by manufacturers continued to trend upward, indicating continued improvement in the demand environment surrounding the capital investment dependence risk. Higher sales and improved profitability were also indicated in Japan, East Asia and Southeast Asia. - FY2019-Q2MitigatedAnnual report
「The trend in machinery orders, one of the leading indicators for assessing capital investment, also shows that machinery orders by manufacturers continued to increase, at ¥1,187.3 billion in October-December 2017, up 13.3% year on year, ¥1,216.8 billion in January-March 2018, up 10.6%, and ¥1,283.5 billion in April-June, up 17.8%. Monthly orders were ¥426.8 billion in July and ¥455.1 billion in August.」
Machinery orders by manufacturers continued to trend upward, indicating continued improvement in the demand environment surrounding the capital investment dependence risk. Higher sales and improved profitability were also indicated in Japan, East Asia and Southeast Asia. - FY2019-Q1MitigatedAnnual report
「In East Asia, capital investment in automotive-related products in China and electronic component-related products in China and Taiwan remained strong. Net sales were ¥1,975 million, up ¥826 million, or 71.9%, year on year. Operating income was ¥125 million, compared with an operating loss of ¥29 million in the same period of the previous year, due mainly to higher gross profit accompanying increased sales and an improved gross margin, from 30.9% to 32.4%.」
The recovery in capital investment in China and elsewhere lifted East Asia’s sales 71.9% and shifted the region from an operating loss to operating income of ¥125 million. - FY2018MitigatedAnnual report
「In East Asia, active capital investment in automotive-related products in China and electronic component-related products in China and Taiwan led to net sales of ¥6,441 million, up ¥2,229 million, or 52.9%, year on year. Operating income was ¥305 million, compared with an operating loss of ¥244 million in the same period of the previous year, due to higher gross profit accompanying increased sales and an improved gross margin, from 28.6% to 32.5%, resulting partly from lower unit fixed manufacturing costs as operating rates at the Chinese production subsidiary increased.」
The recovery in capital investment in China and higher operating rates at the Chinese production subsidiary lifted East Asia’s sales 52.9% and shifted the region from an operating loss to operating income of ¥305 million. - FY2018-Q3MitigatedAnnual report
「In East Asia, active capital investment in automotive and electronic component-related products in China, supported by the economic recovery, and recovering demand for electronic components in Taiwan led to net sales of ¥4,523 million, up ¥1,764 million, or 64.0%, year on year. Operating income was ¥180 million, compared with an operating loss of ¥189 million in the same period of the previous year, and segment income (ordinary income) was ¥144 million, compared with an ordinary loss of ¥219 million. This reflected higher gross profit accompanying increased sales and an improved gross margin, from 28.4% to 31.6%, due partly to lower fixed manufacturing costs as operating rates at the Chinese production subsidiary increased.」
The recovery in capital investment in China and higher operating rates at the Chinese production subsidiary lifted East Asia’s sales 64.0% and shifted the region from an operating loss to operating income of ¥180 million. The materialization of the capital investment dependence risk was partly mitigated. - FY2018-Q2MitigatedAnnual report
「In East Asia, although demand in Taiwan remained sluggish, the economic recovery in China and the beginning of active capital investment in automotive and electronic component-related products led to net sales of ¥2,642 million, up ¥802 million, or 43.6%, year on year. Operating income was ¥68 million, compared with an operating loss of ¥141 million in the same period of the previous year, and segment income (ordinary income) was ¥45 million, compared with an ordinary loss of ¥161 million, due mainly to an increase in gross profit accompanying higher sales. In Southeast Asia, in addition to continued strength in areas such as the Philippines and Vietnam, demand in Thailand and Indonesia gradually recovered. Net sales were ¥938 million, up ¥193 million, or 25.9%, year on year, but operating loss was ¥43 million and segment loss (ordinary loss) was ¥46 million, compared with ¥44 million and ¥52 million, respectively, in the same period of the previous year, due partly to a lower gross margin amid intensified competition and higher expenses.」
East Asia’s sales increased 43.6% as capital investment in China recovered, and the region returned to operating profitability. Southeast Asia’s sales also rose 25.9%, but operating losses continued. - FY2018-Q1MitigatedAnnual report
「In East Asia, although demand for electronic components in Taiwan remained sluggish, the economic recovery in China and the beginning of more active capital investment led to net sales of ¥1,149 million, up ¥182 million, or 18.8%, year on year. However, the segment did not return to profitability in the first quarter, recording an operating loss of ¥29 million, compared with an operating loss of ¥96 million in the same quarter of the previous year, and a segment loss (ordinary loss) of ¥47 million, compared with an ordinary loss of ¥105 million. In Southeast Asia, in addition to continued strength in areas such as the Philippines and Vietnam, demand in Thailand and Indonesia, the main markets of the ASEAN automotive industry, gradually recovered. Net sales were ¥525 million, up ¥119 million, or 29.5%, year on year, operating income was ¥7 million, compared with an operating loss of ¥17 million in the same period of the previous year, and segment income (ordinary income) was ¥6 million, compared with an ordinary loss of ¥19 million.」
Capital investment in China and demand in Thailand and Indonesia showed signs of recovery, East Asia’s loss narrowed from the same period of the previous year, and Southeast Asia returned to operating profitability. East Asia nevertheless remained in the red, and the capital investment dependence risk remains. - FY2017MaterialisedAnnual report
「The decline in shipments of general-purpose products accompanying the rapid economic slowdown in China and Southeast Asia since the second half of the previous fiscal year had a significant impact, and net sales were ¥16,654 million, down ¥880 million, or 5.0%, year on year. In East Asia, sales were affected by a pause in demand for Taiwan’s electronic component-related products, which had been strong in the previous fiscal year, and by the spread of cautious capital investment in China amid the economic slowdown. Net sales fell ¥1,299 million, or 23.6%, to ¥4,212 million, and the operating loss was ¥244 million, partly because expenses including depreciation increased in China.」
The economic slowdown in China and Southeast Asia and more cautious capital investment resulted in a full-year decline in sales, and operating losses were recorded in East Asia and Southeast Asia. - FY2017-Q3RestatedAnnual report
「The trend in machinery orders, one of the leading indicators for assessing capital investment, also shows that machinery orders by manufacturers were on a declining trend, at ¥1,167.7 billion in January-March 2016, up 4.3% year on year, ¥1,011.0 billion in April-June, down 12.9%, and ¥1,056.3 billion in July-September, down 0.5%. Orders were flat even recently, at ¥331.0 billion in October and ¥363.5 billion in November.」
Machinery orders, an indicator related to capital investment by manufacturers, remained on a declining or flat trend, while the decline in sales caused by the economic slowdown in China and Southeast Asia and operating losses in those regions continued. This does not describe additional deterioration from the previous quarter; rather, the materialization of the capital investment dependence risk continues. - FY2017-Q2WorsenedAnnual report
「The decline in shipments of general-purpose products accompanying the rapid economic slowdown in China and Southeast Asia since the second half of the previous fiscal year had a significant impact, and net sales were ¥7,883 million, down ¥1,204 million, or 13.3%, year on year.」
The economic slowdown in China and Southeast Asia and the decline in shipments of general-purpose products resulted in a 13.3% decline in cumulative net sales. In East Asia, net sales fell 42.4% and an operating loss of ¥141 million was recorded, while in Southeast Asia, net sales fell 36.3% and an operating loss of ¥44 million was recorded. - FY2017-Q1MaterialisedAnnual report
「The decline in shipments of general-purpose products accompanying the rapid economic slowdown in China and Southeast Asia since the middle of the previous year had a significant impact, and net sales were ¥4,108 million, down ¥97 million, or 2.3%, year on year.」
The slowdown in China and Southeast Asia and the decline in shipments of general-purpose products, associated with dependence on capital investment and economic conditions, have materialized as an actual decline in sales. - FY2016First statedAnnual report
「The group’s core business is plastic product manufacturing equipment, and its performance is subject to the risk of fluctuation depending on capital investment by the plastics molding and processing industries in Japan and overseas.」
Dependence on high-function, labor-saving equipment for the digital consumer electronics and automotive industries is also mentioned.