Impact on Overseas Operations of Weak Resource Prices, Stagnant Overseas Demand, and a Stronger Yen

「Segment profit was ¥277,351 thousand, down 19.8% year on year, due to impairment losses on rental equipment in North America and higher costs resulting from tariffs and other factors.」

「Overseas: Despite the continuing impact of inventory adjustments in North America, performance was broadly flat. In Europe, crusher sales grew against a backdrop of recovering demand, while expanded sales in Asia contributed to higher revenue」

「In North America, the main region, the impact of restrained purchasing due to inventory adjustments at customers of Okada America, the subsidiary, was gradually recovering. However, lower sales of commercial products at Okada Midwest, which was integrated into the management structure in December 2022, weighed on results, and sales fell to ¥2,107,467 thousand, down 11.1% year on year. In Europe, although demand had slowed since the second half of the year before last, sales of some products increased, resulting in sales of ¥534,074 thousand, up 6.6% year on year. Sales in Asia were ¥289,094 thousand, up 6.9% year on year.」

「The overseas segment posted sales of ¥5,981,341 thousand, down 12.6% year on year. In North America, its main region, the impact of restrained purchasing by customers amid inventory adjustments remained substantial, and sales fell to ¥4,218,250 thousand, down 12.4% year on year. Europe, like the United States, was affected by the slowdown in demand since the second half of the previous period, with sales falling to ¥994,473 thousand, down 14.0%. Sales in Asia also fell to ¥490,365 thousand, down 16.0%, partly due to lower overall market demand.」

「The overseas segment posted sales of ¥3,245,894 thousand, down 7.3% year on year. In North America, its main region, sales fell to ¥2,369,360 thousand, down 4.9%, largely due to restrained purchasing by customers amid inventory adjustments. Europe, like the United States, was affected by the slowdown in demand since the second half of last year, with sales falling to ¥500,899 thousand, down 13.5%. Sales in Asia also fell to ¥270,527 thousand, down 7.2%, partly due to lower overall market demand.」

「Like the United States, Europe was affected by the slowdown in demand since the second half of last year, but secured higher sales of ¥1,156,151 thousand, up 13.7% year on year. In Asia, sales fell to ¥583,602 thousand, down 3.0%, partly due to a decline in overall market demand.」

「Although Europe was affected by the slowdown in demand since the second half of last year, sales rose slightly to ¥579,248 thousand, up 2.9% year on year. In Asia, sales fell to ¥291,462 thousand, down 4.4%, partly due to a decline in overall market demand excluding Taiwan.」

「The overseas business is working to prevent and avoid risks such as unforeseen changes in laws and regulations and changes in tax systems that could have adverse effects, through information gathering within the Group and the engagement of external consultants. However, if such events occur, business expansion may become difficult. The overseas business is also affected by foreign exchange trends.」

「The overseas segment posted sales of ¥3,582,999 thousand, up 29.3% year on year. In North America, its main region, economic activity recovered steadily and sales rose to ¥2,162,544 thousand, up 33.1% year on year. In Europe, the strengthened distributor network amid favorable market conditions contributed to sales of ¥746,385 thousand, up 38.2%. In Asia, sales rose to ¥453,403 thousand, up 12.3%, partly due to higher sales to Taiwan, where the overall economy was strong. Sales performed steadily in the three priority regions.」

「However, in addition to the continuing impact of higher ocean freight rates since last year, the absence of the prior-year support to profit from the U.S. subsidiary's Paycheck Protection Program (PPP) caused segment profit to decline to ¥259,615 thousand, down 7.1% year on year.」

「In addition to the continuing impact of higher ocean freight rates since last year, the absence of the prior-year profit contribution from the U.S. subsidiary's Paycheck Protection Program (PPP) caused segment profit to decline to ¥138,876 thousand, down 14.4% year on year.」

「The overseas segment posted sales of ¥2,771,780 thousand, up 37.2% year on year. In North America, its main region, economic activity recovered steadily and sales rose to ¥1,624,424 thousand, up 23.7% year on year. In Europe, the strengthened distributor network contributed to sales of ¥540,042 thousand, up 58.6%. In Asia, the introduction of products tailored to local needs proved effective, resulting in sales of ¥403,851 thousand, up 22.0%. The three main regions all performed steadily, while market development in the Middle East and Africa also contributed.」

「The overseas segment posted sales of ¥1,935,275 thousand, up 41.6% year on year. In North America, its main region, economic activity recovered steadily and sales rose to ¥1,158,507 thousand, up 29.3% year on year. In Europe, the strengthened distributor network contributed to sales of ¥373,705 thousand, up 60.4%. In Asia, the introduction of products tailored to local needs proved effective, resulting in sales of ¥260,477 thousand, up 20.8%. The three main regions all performed steadily, while market development in the Middle East and Africa also contributed.」

「The overseas segment posted sales of ¥969,984 thousand, up 22.2% year on year. In North America, where economic measures are expected, sales rose slightly to ¥579,009 thousand, up 1.4% year on year. Europe, where the distributor network is being expanded steadily, posted sales of ¥179,849 thousand, up 78.1%, while Asia, where the company is progressing with the incorporation of its Thailand operations, posted sales of ¥160,309 thousand, up 46.9%.」

「The overseas segment posted sales of ¥2,020,160 thousand, down 10.4% year on year. Worldwide, business activities continued amid the spread of COVID-19, but restrictions were substantial. Sales in the United States declined to ¥1,313,694 thousand, down 18.3% year on year, although they had recovered somewhat recently.」

「The overseas segment posted sales of ¥1,366,537 thousand, down 18.5% year on year. In the United States and Europe, where the company has local subsidiaries, business activities continued amid the rapid spread of COVID-19, but restrictions were substantial. Sales in the United States declined to ¥896,314 thousand, down 27.1% year on year.」

「The overseas segment posted sales of ¥793,797 thousand, down 22.6% year on year. In the United States and Europe, where the company has local subsidiaries, business activities continued amid the rapid spread of COVID-19, but restrictions were substantial. Sales declined in both the United States, to ¥570,845 thousand, down 26.1% year on year, and Europe, to ¥100,974 thousand, down 18.8%.」

「The overseas segment posted sales of ¥2,985,141 thousand, down 2.5% year on year. In North America, its main region, sales temporarily struggled due to price competition and other factors, but the expansion of products such as pulverizers and enhanced sales promotions proved effective, securing higher sales of ¥2,153,962 thousand, up 4.0% year on year. In Europe, where a local subsidiary was established in January 2020, the sales network expanded steadily, resulting in a substantial increase in sales to ¥361,807 thousand, up 22.8% year on year, despite the accounting period covering only 10 months. In Asia, although the company pursued future development, including by establishing a representative office in Thailand, intensifying price competition caused by deteriorating business confidence led to a substantial decline in sales to ¥411,177 thousand, down 35.3% year on year.」

「The overseas segment posted sales of ¥2,254,797 thousand, down 8.8% year on year. In Europe, where operations began in earnest following the establishment of a local subsidiary in January 2020, sales increased as the sales network expanded steadily. In North America, the main region, sales declined partly because the company struggled amid price competition caused by a slowdown in business confidence. Sales in Asia also declined substantially, partly due to the effects of some trade frictions and price competition with competitors.」

「Sales in Asia declined substantially, partly due to the effects of some trade frictions and price competition with competitors.」

「The overseas segment posted sales of ¥1,025,896 thousand, up 24.5% year on year. In North America, its main region, the company steadily captured firm demand related to pipeline construction and other areas in the southern region by strengthening its sales capabilities. Sales also continued to increase in the United States and Europe, including through the steady expansion of the sales network in Europe, where the company was considering establishing a local subsidiary.」

「The overseas segment grew steadily across North America, Asia and Europe as its locations and distributor network were expanded, posting sales of ¥2,473,697 thousand, up 17.6% year on year.」

「The overseas segment grew steadily across North America, Asia and Europe against a backdrop of firm overseas demand, posting sales of ¥1,728,454 thousand, up 13.3% year on year.」

「The overseas segment posted sales of ¥2,102,632 thousand, up 28.8% year on year, as sales at the U.S. subsidiary remained strong amid a recovery in rental demand, while Asia and Europe also grew steadily as the distributor network was expanded.」

「Overseas operations generated revenue of ¥1,525.585 million, up 34.8% from the same period of the previous year, as sales by the U.S. subsidiary remained strong amid a recovery in rental demand, while Asia and Europe also grew steadily due to the expansion of the distributor network.」

「Overseas operations generated revenue of ¥730.342 million, up 29.8% from the same period of the previous year, as sales by the U.S. subsidiary remained strong amid a recovery in rental demand, while Asia and Europe also grew steadily.」

「Overseas operations generated revenue of ¥2,095.621 million, down 9.4% from the same period of the previous year, as demand, particularly in North America, paused amid weak commodity prices and was also affected by the stronger yen that had continued since the beginning of the fiscal year.」

「Overseas operations generated revenue of ¥1,632.320 million, down 14.2% from the same period of the previous year, as demand, particularly in North America, paused amid weak commodity prices and was also affected by the stronger yen that had continued since the beginning of the fiscal year.」

「Overseas operations generated revenue of ¥1,131.395 million, down 19.4% from the same period of the previous year, as demand, particularly in North America, paused amid weak commodity prices and was also affected by the stronger yen.」

「Overseas operations generated revenue of ¥562.735 million, down 23.7% from the same period of the previous year, as demand, particularly in North America, struggled to grow due to weak commodity prices and was also affected by the stronger yen.」