Expanding Market Share in Hydrogen Stations and Hydrogen Production Equipment
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2022.
Mitsubishi Kakoki moved to the "Worse" side of this theme in 2019.
1 other company's latest entry also says "Other".
- FY2022Demand remains firm, but the market is still in the early stages of developmentAnnual report
「Demand for hydrogen-related products, particularly small hydrogen production equipment and products for the semiconductor and electronic materials industries, remained firm. Although the hydrogen-related market is still in its early development stage, efforts to make hydrogen blue and green have accelerated as decarbonization gathers pace.」
The Company explains that demand for small hydrogen production equipment and related products remains firm, while the hydrogen-related market is still in its early development stage. - FY2020WorsenedAnnual report
「Competition in hydrogen station construction has intensified as more competitors have entered the market, while initiatives toward a hydrogen society have accelerated further, including the explicit targets in the revised Hydrogen and Fuel Cell Strategy Roadmap revised by the Ministry of Economy, Trade and Industry in March 2019 for approximately 320 hydrogen stations by 2025 and approximately 900 by 2030.」
The Company notes that installation targets have been set for a hydrogen society, while competition in hydrogen station construction has intensified as more competitors have entered the market. - FY2019WorsenedAnnual report
「The Company had expected demand in the hydrogen market to increase in line with the hydrogen and fuel-cell roadmap, but overall progress has been slower than anticipated, and competition in hydrogen station construction has intensified as more competitors have entered the market.」
The Company states that progress in the hydrogen market has been slower than expected and competition in hydrogen station construction has intensified. - FY2018RestatedAnnual report
「Although projects have declined following revisions to the government's plan for promoting fuel-cell vehicles, we will use the MKK Kawasaki Hydrogen Station, a demonstration facility on our premises, to advance technology development in preparation for an increase in projects and wider adoption in the future.」
The company continues to treat hydrogen as a growth area and, while recognizing the decline in projects, is preparing for future adoption and increased projects through technology development at its demonstration facility. - FY2017RestatedAnnual report
「We will further strengthen and accelerate our initiatives in hydrogen, biogas and equipment addressing marine environmental regulations, which have been designated as growth areas under the medium-term management plan.」
Hydrogen remained a growth area under the medium-term plan, and the company stated its policy of strengthening and accelerating related initiatives. - FY2016First statedAnnual report
「In the hydrogen business, which the Company positions as a growth field, it aims to expand its market share in hydrogen stations and hydrogen production equipment, while leveraging its accumulated knowledge, experience, technology and track record in hydrogen-related fields to establish further new technologies.」
Hydrogen was clearly designated as a growth area, with targets set for expanding market share in hydrogen stations and production equipment.