Weak demand across the construction machinery market
First written in FY2017-Q1. 9 of 27 entries say "Restated". Latest entry: 2026-08-26.
Okada Aiyon moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, although demolition demand for the company's core crushers was generally solid, revenue was ¥9,483.644 million, down 0.5% from the same period of the previous year, affected by labor shortages and higher construction costs. Within crushers, revenue from large and small crushers used for concrete demolition declined to ¥6,630.813 million, down 7.3%, while steel cutters increased to ¥2,713.517 million, up 20.8%, against a backdrop of demand for large plant demolition. Revenue from grapples was ¥1,303.709 million, down 19.0%, as demand for disaster recovery projects ran its course.」
Although demolition demand was generally solid, labor shortages and higher construction costs, declining revenue from large and small crushers, and the completion of disaster recovery demand resulted in lower grapple revenue. - FY2026-H1Demand remained solid, but revenue declined due to delivery and supply factorsAnnual report
「Although demolition demand for the company's core crushers from redevelopment and rebuilding of buildings and factories remained solid, revenue was ¥4,605.909 million, down 0.9% from the same period of the previous year, due in part to delivery delays caused by construction schedule delays, the poor sales performance of excavator manufacturers and the suspension of demolition work during the Osaka-Kansai Expo. Although demand for grapples for wooden-building demolition and disaster recovery remained solid, activity was generally sluggish, resulting in revenue of ¥659.727 million, down 5.9%.」
Although demolition demand was solid, major products experienced revenue declines due to construction schedule delays, delivery delays, poor sales by excavator manufacturers, the suspension of demolition work and slower product activity. - FY2025-H1Demand remained solid, but some areas slowedAnnual report
「By product, revenue from the company's core crushers was ¥4,648.675 million, up 12.2% from the same period of the previous year, as demolition demand from redevelopment and rebuilding of buildings and factories remained solid, supported by shorter delivery times resulting from increased production. Although sales of imported large environmental machinery remained challenging due to higher procurement costs resulting from the yen's continued depreciation, revenue was ¥256.596 million, up 11.4%. Meanwhile, although demand for grapples for wooden-building demolition and disaster recovery remained solid, activity was somewhat sluggish, resulting in revenue of ¥701.181 million, down 1.6%.」
While crushers and large environmental machinery generated higher revenue, grapples declined slightly despite solid demand, indicating varying demand strength by product. - FY2023RestatedAnnual report
「Revenue in each segment may be affected by declining public investment and weak demand in Europe, the United States and Asia for hydraulic breakers; a decline in urban demolition projects for crushers; changes in national forestry policies, lower demand for timber and a decline in timber-frame house demolitions for forestry machinery and environmental equipment; and changes in national public investment policy and other factors for cable cranes.」
The risk that weak demand for core products and policy changes will affect product revenue continues to be disclosed by product. - FY2023-Q3RestatedAnnual report
「Revenue from the company's core crushers was ¥5,447.162 million, up 11.6% from the same period of the previous year, as demolition demand from redevelopment and rebuilding of buildings and factories remained solid. Revenue from hydraulic breakers also grew steadily to ¥701.911 million, up 5.0%.」
Demand for major demolition and environmental attachments was solid and revenue increased, while grapples experienced a revenue decline due to delivery delays, with the impact continuing to differ by product. - FY2023-Q2RestatedAnnual report
「Revenue from the company's core crushers was ¥3,796.648 million, up 13.3% from the same period of the previous year, as demolition demand from redevelopment and rebuilding of buildings and factories remained solid. Revenue from hydraulic breakers also grew steadily to ¥498.200 million, up 11.1%. Meanwhile, although demand for grapples for metal scrap processing, wooden-building demolition and disaster recovery remained solid and the order backlog was substantial, revenue was ¥620.487 million, down 11.2%, partly due to lower unit sales resulting from delivery delays for large scrap loaders.」
Demand for crushers and hydraulic breakers was solid, while demand and the order backlog for grapples were also firm, but revenue declines due to delivery delays continued. - FY2022-Q3RestatedAnnual report
「By product, revenue from the company's core crushers was ¥4,879.799 million, up 24.3% from the same period of the previous year, as redevelopment and rebuilding demand for buildings and factories recovered. Revenue from grapples was ¥928.176 million, up 18.7%, as demand for metal scrap processing, wooden-building demolition and disaster recovery remained solid. Revenue from hydraulic breakers was ¥668.373 million, up 16.2%, and demolition and environmental attachments generally performed steadily.」
Against the previous weakness in construction machinery demand, revenue growth for major products has continued, supported by a recovery in redevelopment and rebuilding demand and demand for various applications. - FY2022-Q2MitigatedAnnual report
「Revenue from the company's core crushers was ¥3,352.466 million, up 32.0% from the same period of the previous year, as redevelopment and rebuilding demand for buildings and factories recovered. Revenue from grapples was ¥698.623 million, up 42.8%, as demand for metal scrap processing, wooden-building demolition and disaster recovery remained solid. Revenue from hydraulic breakers was ¥448.308 million, up 17.6%, and demolition and environmental attachments generally performed steadily.」
Unlike previous disclosures of revenue declines due to weak construction machinery demand, all major products generated higher revenue than in the same period of the previous year, supported by a recovery in redevelopment and rebuilding demand and demand for various applications. - FY2021-Q3WorsenedAnnual report
「By product, amid the impact of customers deferring purchases during the COVID-19 pandemic, particularly in the Tokyo metropolitan area, revenue from the company's core crushers was ¥3,925.728 million, down 11.1% from the same period of the previous year, while revenue from hydraulic breakers was ¥575.354 million, down 8.5%.」
Revenue declines for crushers and hydraulic breakers continued due to customers deferring purchases during the COVID-19 pandemic. - FY2021-Q2WorsenedAnnual report
「By product, amid the impact of customers deferring purchases during the COVID-19 pandemic, particularly in the Tokyo metropolitan area, revenue from the company's core crushers was ¥2,539.548 million, down 18.7% from the same period of the previous year, while revenue from hydraulic breakers was ¥381.085 million, down 17.0%.」
Revenue declines for crushers and hydraulic breakers continued due to customers deferring purchases during the COVID-19 pandemic. Crusher revenue declined 18.7% year on year, while hydraulic breaker revenue declined 17.0%. - FY2021-Q1WorsenedAnnual report
「The domestic segment generated revenue of ¥2,633.403 million, up 2.9% from the same period of the previous year. By product, amid the impact of customers deferring purchases during the COVID-19 pandemic, particularly in the Tokyo metropolitan area, revenue from the company's core crushers was ¥1,032.964 million, down 17.3% from the same period of the previous year, while revenue from hydraulic breakers was ¥173.092 million, down 4.5%.」
Customers deferring purchases during the COVID-19 pandemic resulted in actual declines in revenue from crushers and hydraulic breakers. - FY2020-Q3WorsenedAnnual report
「Although orders for the company's core crushers were progressing steadily amid solid redevelopment and rebuilding demand, revenue was ¥4,415.338 million, down 3.5% from the same period of the previous year, partly due to delivery delays caused by lower excavator shipments by manufacturers following typhoon damage in October.」
Although redevelopment and rebuilding demand and orders were described as solid, lower excavator shipments and delivery delays caused by typhoon damage resulted in a 3.5% year-on-year decline in crusher revenue. - FY2020-Q2MitigatedAnnual report
「As delivery delays from the first quarter were resolved, orders for the company's core crushers progressed steadily against a backdrop of solid redevelopment and rebuilding demand. Revenue was ¥3,123.044 million, up 2.0% from the same period of the previous year,」
Orders for crushers were solid and revenue increased year on year, indicating that the impact of weak demand on revenue has eased from previous periods. - FY2020-Q1WorsenedAnnual report
「Although orders for the company's core crushers were progressing steadily amid solid redevelopment and rebuilding demand, revenue was ¥1,248.823 million, down 16.3% from the same period of the previous year, partly due to some rental companies postponing investment until after July.」
Although redevelopment and rebuilding demand and orders were described as solid, crusher revenue declined 16.3% year on year due to some rental companies shifting the timing of their investments. - FY2019ReframedAnnual report
「The Group is promoting product development in line with customer needs. Its core products include hydraulic breakers, crushers, forestry machinery, environmental equipment and cable cranes. Revenue from hydraulic breakers may be affected by declining public investment and weak demand in the United States and Asia; crushers by a decline in urban demolition projects; forestry machinery and environmental equipment by changes in national forestry policies, lower demand for timber and a decline in timber-frame house demolitions; and cable cranes by changes in national public investment policy and other factors.」
The risk focus has become more specific and broader, shifting from the previous general risk of weak construction machinery demand to risks of demand and policy fluctuations for hydraulic breakers, crushers, forestry machinery, environmental equipment and cable cranes. - FY2019-Q3RestatedAnnual report
「Meanwhile, despite contributions from strategic products, revenue from hydraulic breakers was ¥596.189 million, down 9.3% from the same period of the previous year.」
While crushers and environmental machinery generated higher revenue, hydraulic breaker revenue declined year on year, and the impact of construction machinery demand continued to differ by product. - FY2019-Q2RestatedAnnual report
「Revenue from the company's core crushers was ¥3,060.333 million, up 12.3% from the same period of the previous year, supported by solid redevelopment and rebuilding demand. Environmental machinery generated revenue of ¥705.857 million, up 44.3%, as the impact of exhaust-emissions regulations eased and sales grew steadily. Meanwhile, despite contributions from strategic products, revenue from hydraulic breakers was ¥396.414 million, down 11.6%.」
While crushers generated higher revenue against a backdrop of redevelopment and rebuilding demand, hydraulic breaker revenue declined, and the impact of construction machinery demand continued to differ by product. - FY2018-Q3MitigatedAnnual report
「Revenue from the company's core crushers was ¥4,182.714 million, up 12.5% from the same period of the previous year, supported by solid redevelopment and earthquake-resistance rebuilding demand. Revenue from hydraulic breakers was ¥657.290 million, up 27.1%, due to the launch of strategic products and a recovery in demand from rental companies.」
Crushers and hydraulic breakers, for which weak construction machinery demand had previously been cited as a factor behind revenue declines, continued to generate higher revenue during the cumulative period under review, supported by redevelopment and earthquake-resistance rebuilding demand and a recovery in rental demand. - FY2018-Q2MitigatedAnnual report
「Revenue from the company's core crushers was ¥2,726.197 million, up 8.9% from the same period of the previous year, supported by solid redevelopment and earthquake-resistance rebuilding demand. Revenue from hydraulic breakers was ¥448.443 million, up 40.4%, due to the launch of strategic products and a recovery in demand from rental companies.」
Unlike the previous disclosures, which cited weak demand across the construction machinery market as a factor behind revenue declines, both crushers and hydraulic breakers generated higher revenue than in the same period of the previous year, and the impact of weak demand has continued to ease. - FY2018-Q1MitigatedAnnual report
「By product, revenue from the company's core crushers was ¥1,181.446 million, up 16.6% from the same period of the previous year, on increased redevelopment and earthquake-resistance rebuilding demand. Revenue from hydraulic breakers was ¥215.475 million, up 60.1%, supported by sales of the new V Series and increased sales to rental companies.」
Although weak demand across the construction machinery market had previously been cited as a factor behind revenue declines from crushers and hydraulic breakers, both products generated higher revenue than in the same period of the previous year this quarter. - FY2017RestatedAnnual report
「Revenue from hydraulic breakers was limited to ¥706.569 million, up 0.9% from the same period of the previous year, partly due to the decline in public works.」
Weak demand for construction machinery due to the decline in public works and other factors continued to be cited as a reason for the limited growth in hydraulic breaker revenue. - FY2017-Q3RestatedAnnual report
「Revenue from hydraulic breakers was ¥516.991 million, down 3.3% from the same period of the previous year, partly due to the decline in public works budgets and rental companies postponing investment.」
The decline in public works budgets and rental companies postponing investment continued to be cited as factors behind the decline in hydraulic breaker revenue. - FY2017-Q2RestatedAnnual report
「Revenue from hydraulic breakers was ¥319.419 million, down 18.2% from the same period of the previous year, partly due to the decline in public works budgets and rental companies postponing investment.」
Weak demand for construction machinery continued to be reflected in lower hydraulic breaker revenue through the decline in public works budgets and rental companies postponing investment. - FY2017-Q1First statedAnnual report
「Amid weak demand across the construction machinery market, revenue from crushers was ¥1,013.676 million, down 13.4% from the same period of the previous year, while revenue from hydraulic breakers was ¥134.551 million, down 30.8%.」
The weakness in demand across the construction machinery market was reflected in actual declines in revenue from crushers and hydraulic breakers.