Recovery in Domestic Capital Investment Appetite Driven by Rice Prices and Government Policies
First written in FY2016-Q3. 10 of 15 entries say "Restated". Latest entry: 2026-08-10.
0 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Demand across agricultural machinery categories, supported by soaring wholesale rice prices, remained strong. We promoted sales expansion measures centered on large-scale crop protection machines and rice-farming machinery and worked to strengthen sales.」
The company reiterated that demand for agricultural machinery overall continued to increase against a backdrop of higher wholesale rice prices and expanded sales of large crop protection equipment and rice-farming machinery. - 2026-05-12RestatedRevision of earnings forecasts
「Strong demand resulting from persistently high domestic wholesale rice prices」
The Company again described persistently high wholesale rice prices and the resulting strength in domestic demand for agricultural machinery. - FY2025RestatedAnnual report
「In response to the surge in wholesale rice prices, demand for agricultural machinery overall increased, and the company expanded sales, focusing on its core large crop protection equipment.」
The company also reported for the full fiscal year increased demand for agricultural machinery overall against a backdrop of higher wholesale rice prices, together with sales expansion centered on large crop protection equipment. - FY2025-H1Increase in demand for agricultural machinery owing to higher wholesale rice pricesAnnual report
「In response to the surge in wholesale rice prices, demand for agricultural machinery overall increased, and the company expanded sales beyond the previous year, focusing on its core power sprayers.」
In addition to the previous descriptions of policy effects and the recovery in rice prices, the company described increased demand for agricultural machinery overall against a backdrop of higher wholesale rice prices and sales expansion centered on power sprayers. - FY2022-Q3Decline in domestic large machinery owing to the backlash from subsidy policiesAnnual report
「Although sales of industrial pumps increased in Japan, sales of large machinery and set-mounted power sprayers in the agricultural distribution business declined, owing mainly to the backlash from the business continuity subsidy program implemented in the previous fiscal year. As a result, domestic sales came to ¥21,200 million, down 8.1% year on year.」
The description shifted from increased sales under the previous business continuity subsidy program to decreased sales of large machinery and set-mounted power sprayers owing to the backlash following implementation of the program. - FY2021RestatedAnnual report
「In the agricultural and forestry machinery industry, the group's main business, the effects of various policies were evident in increased shipments and production of machinery for both the domestic and export markets compared with the previous consolidated fiscal year.」
The company continues to explain that the effects of various policies emerged as increases in machinery shipments and production for both the domestic and export markets. - FY2021-Q3RestatedAnnual report
「In the agricultural and forestry machinery industry, the group's main business, the effects of various policies were evident in increased shipments and production of machinery for both the domestic and export markets compared with the same quarter of the previous year.」
The effects of policies such as the business continuity subsidy program continue to emerge as increases in machinery shipments and production for both the domestic and export markets. - FY2021-Q2Continued increase in sales driven by policy effectsAnnual report
「Signs of the effects of various government policies, including the business continuity subsidy program, were also observed. In the agricultural and forestry machinery industry, the group's main business, the effects of various policies were evident in increased shipments and production of machinery for both the domestic and export markets compared with the same quarter of the previous year.」
The effects of policies such as the business continuity subsidy program have continued to emerge as increases in machinery shipments and production for both the domestic and export markets. - FY2021-Q1Increase in large machinery driven by policy effectsAnnual report
「In addition, while the business continuity subsidy program was in place, the group's production and sales activities performed well, and the group responded by allocating resources between them,」
The company states that sales of large machinery increased owing to the business continuity subsidy program, indicating that policy effects were reflected in domestic demand and sales performance. - FY2018RestatedAnnual report
「In Japan, rice prices rose and agricultural income increased. However, domestic agriculture is a mature market, and demand also declined owing to the decrease in agricultural workers resulting from population aging and a shortage of successors, as well as the increase in abandoned farmland. Competition among companies in the market therefore remained severe.」
The company cites higher rice prices and increased agricultural income as factors supporting demand, while also noting the maturity of the agricultural market and structural declines in demand. - FY2017RestatedAnnual report
「In Japan, rice prices rose and agricultural income, calculated by deducting expenses from agricultural revenue, was on an upward trend. However, domestic agriculture is a mature market, and competition among companies in the market remained severe as the number of agricultural workers declined owing to population aging and other factors.」
The company cites higher rice prices and increased agricultural income as factors supporting domestic demand, while also noting the maturity of the agricultural market and population aging. - FY2016RestatedAnnual report
「Domestic sales came to ¥27,128 million, up 2.9% year on year, owing to the recovery in capital investment appetite accompanying the recovery in rice prices from their decline in the previous consolidated fiscal year, as well as the effects of various policies.」
The company reported full-year results showing domestic sales up 2.9% year on year against a backdrop of recovering rice prices and policy effects. - FY2016-Q3First statedAnnual report
「Domestic revenue increased 4.0% year on year to ¥19,158 million, reflecting a recovery in capital investment appetite as rice prices began to recover from their decline in the previous nine-month period, as well as the effects of various government policies.」
Domestic revenue increased year on year, driven by the recovery in rice prices and the effects of various government policies.