Demand volatility risk stemming from the Ballast Water Management Convention and the amended G8
First written in FY2017. 12 of 18 entries say "Restated". Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility risks related to the Ballast Water Management Convention and other factors. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility risks related to the Ballast Water Management Convention and other factors. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility risks related to the Ballast Water Management Convention and other factors. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility risks related to the Ballast Water Management Convention and other factors. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility risks related to the Ballast Water Management Convention, revised G8 and other factors. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility related to the Ballast Water Management Convention and revised G8. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility related to the Ballast Water Management Convention and revised G8. - FY2020DroppedAnnual report
「Although the company currently judges the possibility of any of the risks from (1) through (9) materializing to be low, it will make every effort to prevent them from occurring and to respond appropriately if they do occur.」
The business and other risks for the fiscal year comprise items (1) through (9), and the demand volatility risk related to the Ballast Water Management Convention and revised G8, which had previously been described, is not listed as a separate item. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility related to the Ballast Water Management Convention and revised G8. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility related to the Ballast Water Management Convention and revised G8. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new developments or material changes regarding demand volatility related to the Ballast Water Management Convention and revised G8. - FY2019RestatedAnnual report
「If environmental laws or regulations, including the Ballast Water Management Convention, enter into force or are amended, orders may decline or be delayed, potentially affecting business performance.」
The company reconfirmed the risk of lower or delayed orders resulting from the enactment or amendment of environmental laws and regulations, including the Ballast Water Management Convention. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explained that there had been no new risks or material changes regarding demand volatility related to the Ballast Water Management Convention and revised G8. - FY2018ReframedAnnual report
「If environmental laws or regulations, including the Ballast Water Management Convention, enter into force or are amended, orders may decline or be delayed, potentially affecting business performance.」
The company expanded its description of the risk of demand volatility related to revised G8 and the installation deadline extension to cover environmental laws and regulations generally, including the Ballast Water Management Convention. - FY2018-Q3MaterialisedAnnual report
「Pumps supplied to ballast water treatment equipment manufacturers performed poorly because customers temporarily adjusted their inventories after the equipment installation deadline under the Ballast Water Management Convention was extended by 2 years.」
Following the 2-year extension of the installation deadline, customers made temporary inventory adjustments, and demand volatility emerged in the form of weak sales of pumps supplied to ballast water treatment equipment manufacturers. - FY2018-Q2MaterialisedAnnual report
「In Japan, the market remained on the sidelines and orders for Smooth Flow Pumps continued to stagnate after the deadline for installing ballast water treatment equipment was revised. However, for manufacturing processes, the company’s ongoing solution proposals bore fruit, and high-value-added products such as the TPL Series were well received in the chemical and electronic materials industries, among others, driving sales growth.」
The market’s wait-and-see stance and stagnant orders related to revised G8 continued into the second quarter, and demand volatility risk continued to appear in actual orders. - FY2018-Q1MaterialisedAnnual report
「The market remained on the sidelines and orders continued to stagnate for Smooth Flow Pumps amid concerns over the move to revise the deadline for installing ballast water treatment equipment under revised G8.」
The company explained that the short-term market slowdown related to revised G8 had in fact emerged as stagnant orders for pumps used in ballast water treatment equipment. - FY2017First statedAnnual report
「Although demand for pumps supplied to ballast water treatment equipment manufacturers is expected to increase over the medium term following the formal entry into force of the Ballast Water Management Convention in September 2017, the market is expected to remain cautious in the short term against the backdrop of the 2020 changes to the international convention’s rules, known as revised G8, and activity is expected to slow somewhat.」
While expecting medium-term demand growth following the convention’s entry into force, the company identified short-term market weakness related to revised G8 in 2020 as a risk.