Demand Recovery and Revenue Growth in Overseas Business

「The overseas segment recorded revenue of ¥6,326.7 million, up 5.8% year on year. In North America, the impact of inventory adjustments by rental companies gradually eased at the sales subsidiary Okada America, Inc., while at Okada Midwest, Inc., which was formed through a management integration in December 2022, lower sales of commercial products to end users had an impact. Nevertheless, combined revenue for North America was ¥4,237.8 million, up 0.5% year on year. In Europe, the impact of slowing demand since the second half of the fiscal year before last eased, and increased sales of pulverizers lifted revenue to ¥1,113.1 million, up 11.9% year on year. In Asia, sales expanded in India, Thailand and Taiwan, among other markets, bringing revenue to ¥688.1 million, up 40.3% year on year.」

「Overseas segment revenue declined to ¥3,077.504 million, down 5.2% year on year. In North America, the impact of customers holding back on purchases due to inventory adjustments at distributors and other factors was gradually recovering at Okada America, but lower sales of commercial products at Okada Midwest, Inc., which was integrated into the management structure in December 2022, weighed on results, resulting in revenue of ¥2,107.467 million, down 11.1% year on year. In Europe, despite the impact of slowing demand since the second half of the year before last, revenue increased 6.6% to ¥534.074 million due in part to stronger sales of certain products. Revenue in Asia was ¥289.094 million, up 6.9% year on year.」

「Overseas segment revenue declined to ¥5,981.341 million, down 12.6% year on year. In North America, the main region, customers continued to hold back on purchases, largely due to inventory adjustments at distributors and other factors, resulting in revenue of ¥4,218.250 million, down 12.4% year on year.」

「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.」

「Overseas segment revenue was ¥6,846.454 million, up 42.6% year on year. In North America, the main region, sales at Okada America, Inc. continued to perform steadily, and revenue from Okada Midwest, Inc., which was integrated into the management structure at the end of the previous year, contributed to revenue of ¥4,817.785 million, up 63.0% year on year.」

「Overseas segment revenue was ¥5,448.210 million, up 52.1% year on year. In North America, the main region, economic activity remained steady, sales at Okada America, Inc. progressed smoothly, and revenue from Okada Midwest, Inc., which was integrated into the management structure at the end of the previous year, contributed to revenue of ¥3,921.225 million, up 81.3% year on year. Despite the impact of slowing demand since the second half of the previous year, Europe secured revenue growth of 16.6% to ¥869.927 million. In Asia, excluding Taiwan, lower overall market demand resulted in a 1.4% decline in revenue to ¥447.125 million.」

「Overseas segment revenue was ¥3,500.217 million, up 46.0% year on year. In North America, economic activity remained steady, and sales at Okada America, Inc. progressed smoothly. Revenue from Okada Midwest, Inc., which was integrated into the management structure at the end of the previous year, also contributed, resulting in revenue of ¥2,491.181 million, up 79.5% year on year. Despite the impact of slowing demand since the second half of the previous year, Europe posted slight revenue growth of 2.9% to ¥579.248 million. In Asia, excluding Taiwan, lower overall market demand contributed to a 4.4% decline in revenue to ¥291.462 million.」

「Overseas segment revenue was ¥1,671.869 million, up 37.3% year on year. In North America, economic activity remained steady, but Okada America, Inc. posted lower revenue due to delivery timing discrepancies and other factors. Revenue from Okada Midwest, Inc., which was integrated into the management structure at the end of the previous year, contributed to revenue of ¥1,210.203 million, up 71.7% year on year. In Europe, revenue declined 22.8% to ¥271.686 million due in part to slowing demand since the second half of the previous year. Revenue in Asia also declined 1.8% to ¥139.511 million due in part to lower overall market demand.」

「Overseas segment revenue was ¥4,801.020 million, up 31.7% year on year. In North America, the main region, economic activity recovered steadily, and improvements to the sales structure, including sales staff training, proved effective, resulting in revenue of ¥2,955.694 million, up 36.9%. In Europe, the strengthening of the distributor network amid favorable market conditions contributed to revenue of ¥1,017.222 million, up 41.7%. In Asia, higher sales to Taiwan, where the economy was performing well overall, and other factors resulted in revenue of ¥601.894 million, up 8.9%. Revenue progressed steadily in all three focus regions.」

「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.」

「Overseas segment revenue was ¥2,397.350 million, up 23.9% year on year. In North America, the main region, economic activity recovered steadily and revenue increased 19.8% to ¥1,387.980 million. In Europe, the strengthening of the distributor network amid favorable market conditions contributed to revenue growth of 50.6% to ¥562.666 million. In Asia, revenue increased 17.1% to ¥304.936 million, driven in part by higher sales to Taiwan, where the economy was performing well overall, and revenue progressed steadily in all three focus regions. However, in addition to the continued impact of higher ocean freight rates, the loss of the previous year's support from the U.S. subsidiary's PPP-related profit contribution resulted in a 7.1% decline in segment profit to ¥259.615 million.」

「Overseas segment revenue was ¥1,217.925 million, up 25.6% year on year. In North America, the main region, economic activity recovered steadily and revenue increased 21.7% to ¥704.700 million. In Europe, the strengthening of the distributor network amid favorable market conditions contributed to revenue of ¥351.872 million, up 95.6%. In Asia, revenue declined 11.4% to ¥142.111 million due to delivery timing discrepancies caused by shipping factors and other issues. In addition to the continued impact of higher ocean freight rates, the loss of the U.S. subsidiary's PPP-related profit contribution from the previous year caused segment profit to decline 14.4% to ¥138.876 million.」

「Overseas segment revenue was ¥2,771.780 million, up 37.2% year on year. In North America, the main region, economic activity recovered steadily and revenue increased 23.7% to ¥1,624.424 million. In Europe, the strengthening of the distributor network contributed to revenue growth of 58.6% to ¥540.042 million. In Asia, the launch of products tailored to local needs was successful, resulting in revenue growth of 22.0% to ¥403.851 million. The three key regions performed steadily, while market development in the Middle East and Africa also contributed. As a result, segment profit increased substantially by 54.1% to ¥312.850 million.」

「Overseas segment revenue was ¥1,935.275 million, up 41.6% year on year. In North America, the main region, economic activity recovered steadily and revenue increased 29.3% to ¥1,158.507 million. In Europe, the strengthening of the distributor network contributed to revenue growth of 60.4% to ¥373.705 million. In Asia, the launch of products tailored to local needs was successful, resulting in revenue growth of 20.8% to ¥260.477 million. The three key regions performed steadily, while market development in the Middle East and Africa also contributed. As a result, segment profit increased substantially by 105.0% to ¥279.309 million.」

「Overseas segment revenue was ¥969.984 million, up 22.2% year on year. In North America, where economic measures were expected, revenue increased slightly to ¥579.009 million, up 1.4% year on year. Europe, where the distributor network is expanding steadily, posted revenue of ¥179.849 million, up 78.1%, while Asia, where the company is moving toward establishing a local subsidiary in Thailand, posted revenue of ¥160.309 million, up 46.9%. The approval of the Paycheck Protection Program (PPP) for the U.S. subsidiary also contributed, and segment profit increased 26.6% to ¥162.153 million.」

「Overseas segment revenue was ¥2,020.160 million, down 10.4% year on year. Although business activities continued amid the global spread of COVID-19, restrictions were substantial. U.S. revenue declined to ¥1,313.694 million, down 18.3% year on year, but recovered somewhat recently. Europe, which became a local subsidiary in January 2020, posted revenue of ¥340.524 million, up 10.6% year on year. Asia, where business had continued to struggle in fiscal 2019, also showed a recovery trend, with revenue of ¥331.016 million, up 10.3% year on year, following the launch of new products.」

「Overseas segment revenue was ¥1,366.537 million, down 18.5% year on year. In the United States and Europe, where the company has local subsidiaries, business activities continued despite the rapid spread of COVID-19, but restrictions were substantial, and U.S. revenue declined to ¥896.314 million, down 27.1% year on year. Europe, however, posted revenue of ¥233.039 million, up 8.0% year on year, while Asia, which had continued to struggle since the previous year, secured revenue broadly in line with the previous year following the launch of new products, with revenue of ¥215.620 million, up 5.3% year on year, indicating signs of recovery.」

「Overseas segment revenue was ¥793.797 million, down 22.6% year on year. In the United States and Europe, where the company has local subsidiaries, business activities continued despite the rapid spread of COVID-19, but restrictions were substantial. Revenue declined in both the United States, to ¥570.845 million, down 26.1% year on year, and Europe, to ¥100.974 million, down 18.8%. In Asia, where the company had continued to struggle since the previous year, the region secured revenue broadly in line with the previous year despite the impact of COVID-19, as the launch of new products resulted in revenue of ¥109.097 million, up 0.2% year on year, indicating signs of recovery.」

「Overseas segment revenue was ¥2,985.141 million, down 2.5% year on year.」

「Overseas segment revenue was ¥2,254.797 million, down 8.8% year on year.」

「Overseas segment revenue was ¥1,676.507 million, down 3.0% year on year.」

「Overseas segment revenue was ¥1,025.896 million, up 24.5% year on year. In North America, stronger sales capabilities enabled the company to steadily capture solid demand related to pipeline construction and other activity in the southern United States. In Europe, where the company is preparing to establish a local subsidiary, the sales network continued to expand steadily. As a result, segment profit was ¥178.656 million, up 19.6% year on year.」

「Overseas segment revenue was ¥3,061.589 million, up 11.2% year on year. In North America, the segment's main region, stronger sales capabilities enabled the company to steadily capture solid demand related to pipeline construction and other activity in the southern United States. In Europe, where the company opened a representative office in the Netherlands in the previous fiscal year in preparation for establishing a local subsidiary, sales also increased as the distributor network expanded steadily.」

「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.」

「Overseas segment revenue was ¥824.260 million, up 12.9% year on year, as solid overseas demand supported steady growth in North America, Asia and Europe.」

「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.」