Dependence on demand from the electrical and telecommunications construction and rental industries
First written in FY2016. 17 of 37 entries say "Restated". Latest entry: FY2026.
Aichi moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 5 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Revenue from special-purpose vehicles was ¥44,652 million, down ¥1,374 million, or 3%, from the previous consolidated fiscal year, while gross profit was ¥7,607 million, down ¥1,013 million, or 12%. This was mainly due to lower sales to the electric power industry.」
Revenue from special-purpose vehicles declined 3% year on year, mainly because of lower sales to the electric power industry. Fluctuations arising from dependence on specific customers are reflected in the full-year results. - FY2026-H1MaterialisedAnnual report
「Special-purpose vehicle revenue was ¥17,739 million, down ¥4,401 million (20%) from the previous interim consolidated accounting period, while gross profit was ¥2,702 million, down ¥910 million (25%). This was mainly due to lower sales to the electric power industry and other factors.」
The company states that, in the special-purpose vehicle business, which depends on demand trends among specific customers, special-purpose vehicle revenue declined 20% year on year, mainly due to lower sales to the electric power industry, with demand-dependence risk appearing in actual results. - FY2025MitigatedAnnual report
「Special-purpose vehicle revenue was ¥46,027 million, up ¥5,824 million (15%) from the previous consolidated fiscal year, while gross profit was ¥8,620 million, up ¥1,102 million (15%). This was mainly due to increased sales to the electric power industry.」
The company states that, against the backdrop of increased sales to the electric power industry, special-purpose vehicle revenue increased 15% year on year in a business dependent on customer demand. - FY2025-H1MitigatedAnnual report
「Special-purpose vehicle revenue was ¥22,141 million, up ¥2,310 million (12%) from the previous interim consolidated accounting period, while gross profit was ¥3,612 million, up ¥410 million (13%). This was mainly due to increased sales to the electric power industry and other factors.」
The company states that, against the backdrop of increased sales to the electric power industry, special-purpose vehicle revenue increased 12% year on year in a business dependent on demand trends among specific customers. - FY2024MaterialisedAnnual report
「Special-purpose vehicle revenue was ¥40,202 million, down ¥7,110 million (15%) from the previous consolidated fiscal year, mainly due to lower sales to the telecommunications industry.」
The company states that, under a business structure dependent on demand trends in the electrical and telecommunications construction and rental industries, lower sales to the telecommunications industry appeared as a 15% decline in special-purpose vehicle revenue during the current fiscal year. - FY2024-Q3MaterialisedAnnual report
「Specialty-vehicle sales were ¥2,908.6 million, down ¥152.0 million, or 5%, from the same period of the previous year, while gross profit was ¥498.7 million, up ¥21.0 million, or 4%. This was mainly because sales to the electric power industry declined, but profit increased as a result of cost-reduction initiatives and other measures.」
The company states that special-purpose vehicle revenue declined 5% year on year due to customer demand trends, including lower sales to the electric power industry. The impact of dependence on customers appeared as a decline in sales during the cumulative third quarter. - FY2024-Q2MaterialisedAnnual report
「Special-purpose vehicle revenue was ¥19,830 million, down ¥955 million (5%) from the same period of the previous year, while gross profit was ¥3,202 million, broadly unchanged from the same period of the previous year. This was mainly due to lower sales to the electric power industry.」
Special-purpose vehicle revenue declined 5% year on year, mainly due to lower sales to the electric power industry, with the risk of dependence on trends among specific customers appearing as an actual decline in sales. - FY2024-Q1Added a decline in special-purpose vehicle revenue due to constraints on chassis supply.Annual report
「Special-purpose vehicle sales declined from the previous year due to constraints on chassis supply arising from truck manufacturers' model changes and other factors, resulting in an overall decline in revenue.」
The company describes constraints on chassis supply arising from truck manufacturers' model changes as a factor behind the decline in special-purpose vehicle sales. Sales performance related to the existing demand-dependence risk was updated to reflect this supply-side impact, which differs from dependence on customer demand. - FY2023MitigatedAnnual report
「Domestic sales of special-purpose vehicles showed signs of recovery in capital investment, particularly in the electric power industry, as economic activity recovered, and revenue increased year on year.」
Capital investment recovery was evident, particularly in the electric power industry, and domestic special-purpose vehicle sales increased year on year. The impact of dependence on customers was shown to have eased during the current fiscal year. - FY2023-Q3MitigatedAnnual report
「Domestic sales of special-purpose vehicles, the Group's core business, showed signs of recovery in capital investment, particularly in the rental and electric power industries, as economic activity normalized,」
Capital investment, particularly in the rental and electric power industries, showed signs of recovery, and the impact of demand-dependence risk arising from customers' capital investment trends was described as having eased partially during the cumulative quarter. Meanwhile, disruptions in parts procurement and the shortage of truck chassis continued. - FY2023-Q2RestatedAnnual report
「In the business environment surrounding the Group, domestic sales of special-purpose vehicles, its core business, remained broadly at the same level as the same period of the previous year, although there were some signs of recovery in deferred capital investment, particularly in the rental and electric power industries, as economic activity moved toward normalization.」
Although deferred capital investment, particularly in the rental and electric power industries, showed some signs of recovery, domestic special-purpose vehicle sales remained broadly at the same level as the same period of the previous year, and the company continued to describe its dependence on customers' capital investment trends. - FY2023-Q1MitigatedAnnual report
「Domestic sales of special-purpose vehicles, the Group's core business, remained solid year on year as deferred capital investment, particularly in the rental industry, showed signs of recovery, and were broadly in line with the range initially expected for the fiscal year.」
Deferred capital investment, particularly in the rental industry, showed signs of recovery, and domestic special-purpose vehicle sales remained solid. The impact of demand-dependence risk was shown to have eased during the quarter. - FY2022MaterialisedAnnual report
「In domestic sales of special-purpose vehicles, the Group's core business, sales to the electric power industry increased from the previous fiscal year as replacement demand recovered. However, sales to the rental industry declined from the previous fiscal year because caution was evident toward investment related to construction demand and the decline in the first half could not be offset in the second half.」
Although sales to the electric power industry increased, domestic special-purpose vehicle sales declined due to caution toward capital investment in the rental industry, with the impact of dependence on customers appearing in sales performance for the current fiscal year. - FY2022-Q3MaterialisedAnnual report
「In the market for special-purpose vehicles, the Group's core business, overseas operations increased as business remained solid in markets including China and Korea. In Japan, although the rental industry and other industries continued to show caution toward capital investment, the Group secured orders broadly in line with expectations. Special-purpose vehicle revenue was ¥29,476 million, down ¥2,459 million (8%) from the same period of the previous year, while gross profit was ¥5,532 million, down ¥419 million (7%). This was mainly due to lower sales to the rental industry.」
Overseas operations increased, while in Japan, caution toward capital investment in the rental industry and other industries continued. Special-purpose vehicle revenue declined 8% year on year, mainly due to lower sales to the rental industry. The impact of dependence on customers continued to appear in sales performance. - FY2022-Q2MaterialisedAnnual report
「In the market for special-purpose vehicles, the Group's core business, overseas operations increased as business remained solid in Korea, while in Japan, the rental industry and other industries continued to show caution toward capital investment. Special-purpose vehicle revenue was ¥19,180 million, down ¥2,266 million (11%) from the same period of the previous year, while gross profit was ¥3,364 million, down ¥859 million (20%). This was mainly due to lower sales to the rental industry.」
Caution toward capital investment in the rental industry and other industries continued, and special-purpose vehicle revenue declined 11% year on year, mainly due to lower sales to the rental industry. The risk associated with dependence on customers appeared as a decline in sales performance. - FY2022-Q1MaterialisedAnnual report
「However, in the market for special-purpose vehicles, the Group's core business, the rental industry and other industries continued to show caution toward capital investment. Special-purpose vehicle revenue was ¥6,594 million, down ¥2,665 million (29%) from the same period of the previous year, while gross profit was ¥938 million, down ¥847 million (47%). This was mainly due to lower sales to the rental industry.」
Caution toward capital investment in the rental industry and other industries continued, and special-purpose vehicle revenue declined 29% year on year, mainly due to lower sales to the rental industry. The risk associated with dependence on customers appeared as a decline in sales performance. - FY2021RestatedAnnual report
「Most of the Group's business consists of the manufacture and sale of aerial work vehicles and related products, as well as parts and repairs, and its combined share of total revenue and total operating profit for all segments each exceeds 90%. Aerial work vehicle sales are highly dependent on the electrical and telecommunications construction and rental industries, which are major sources of demand, and changes in demand trends in these industries could affect the performance and financial position of the Group.」
The company reaffirms the risk that aerial work vehicles and related products account for more than 90% of revenue and operating profit and that the business depends on demand fluctuations in the electrical and telecommunications construction and rental industries. - FY2021-Q3RestatedAnnual report
「Against this backdrop, during the cumulative third quarter of the current consolidated fiscal year, sales in the electric power and telecommunications industries remained solid year on year, while the rental industry showed caution toward capital investment.」
Sales in the electric power and telecommunications industries remained solid, while caution toward capital investment continued in the rental industry, reaffirming the business structure's dependence on demand trends among customers. Special-purpose vehicle revenue declined 1% year on year. - FY2021-Q2MaterialisedAnnual report
「Against this backdrop, during the cumulative second quarter of the current consolidated fiscal year, sales in the electric power industry and other industries remained solid year on year, although the rental industry and others showed caution toward capital investment. Special-purpose vehicle revenue was ¥21,446 million, down ¥3,416 million (14%) from the same period of the previous year, while gross profit was ¥4,224 million, down ¥582 million (12%). This was mainly due to lower sales to the rental industry.」
Caution toward capital investment in the rental industry and other industries continued, and special-purpose vehicle revenue declined 14% year on year, mainly due to lower sales to the rental industry. - FY2021-Q1MaterialisedAnnual report
「Although sales in the electric power and general machinery industries remained solid year on year, other industries, led by the rental industry, showed caution toward capital investment. Special-purpose vehicle revenue was ¥9,260 million, down ¥2,372 million (20%) from the same period of the previous year, while gross profit was ¥1,786 million, down ¥663 million (27%). This was mainly due to lower sales to the rental industry.」
Customer caution toward capital investment appeared as a decline in special-purpose vehicle sales, which fell 20% year on year. The company states that lower sales to the rental industry were the main cause. - FY2020MaterialisedAnnual report
「Aerial work vehicle sales are highly dependent on the electrical and telecommunications construction and rental industries, which are major sources of demand, and changes in demand trends in these industries could affect the performance and financial position of the Group.」
The company states that special-purpose vehicle sales declined 7% year on year, mainly due to lower sales to the electric power and telecommunications industries, with the impact of customer concentration also appearing in full-year performance. - FY2020-Q3MaterialisedAnnual report
「Against this backdrop, during the cumulative third quarter of the current consolidated fiscal year, sales declined year on year in all industries other than rental, due to a reversal from the temporary increase in demand resulting from emissions regulations through the cumulative second quarter and the impact of Typhoon No. 19, as announced by the company on 12 November 2019.」
The company states that fluctuations in demand trends, including the reversal from the temporary increase in demand resulting from emissions regulations, led to an actual decline in special-purpose vehicle sales, with sales excluding the rental industry falling below the same period of the previous year. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, sales in the rental and telecommunications industries increased year on year due to a temporary surge in demand resulting from emissions regulations.」
The company states that sales to the rental and telecommunications industries exceeded the same period of the previous year against the backdrop of a temporary surge in demand resulting from emissions regulations, reaffirming the structure's dependence on demand trends among customers. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, sales in the rental, electric power and telecommunications industries increased year on year due to a temporary surge in demand resulting from emissions regulations.」
The company reaffirmed the structure in which demand trends in the rental, electric power and telecommunications industries affect special-purpose vehicle sales. In the first quarter, sales to all 3 industries exceeded the same period of the previous year due to a temporary surge in demand resulting from emissions regulations. - FY2019RestatedAnnual report
「Their combined share of total revenue and total operating profit for all segments each exceeds 90%. Aerial work vehicle sales are highly dependent on the electrical and telecommunications construction and rental industries, which are major sources of demand, and changes in demand trends in these industries could have a material impact on the performance of the Group.」
The company reaffirms the risk that aerial work vehicles and related products account for more than 90% of revenue and operating profit and that the business depends on demand fluctuations in the electrical and telecommunications construction and rental industries. - FY2019-Q3RestatedAnnual report
「Against this backdrop, sales of special-purpose vehicles increased year on year in the rental industry due to expanded investment in mechanization equipment for construction projects. In contrast, sales in the electric power industry declined year on year because of the impact of reduced investment in power distribution equipment. Sales in the railway industry also declined year on year.」
Sales for rental applications increased due to expanded investment in equipment for construction projects, while sales for electric power applications declined as investment in power distribution equipment contracted. Sales for railway applications also declined year on year, reaffirming the business structure's dependence on demand trends among customers. - FY2019-Q2RestatedAnnual report
「Against this backdrop, sales of special-purpose vehicles increased year on year in the telecommunications industry as replacement demand for aging vehicles continued from the previous fiscal year. Sales in the rental industry also increased year on year due to increased investment in mechanization equipment for construction projects. In contrast, sales in the electric power industry declined year on year because demand for replacement of power distribution equipment decreased. Sales in the railway industry also declined year on year.」
Sales for telecommunications and rental applications increased, while sales for electric power and railway applications declined, reaffirming the business structure's dependence on demand trends among customers. - FY2019-Q1RestatedAnnual report
「Against this backdrop, sales of special-purpose vehicles increased year on year in the telecommunications industry as replacement demand for aging vehicles continued from the previous fiscal year. In contrast, sales in the electric power industry declined year on year because demand for replacement of power distribution equipment decreased. Sales in the rental industry likewise declined year on year because, although capital investment in mechanization equipment for construction projects was recovering, capital investment in mechanization equipment for social infrastructure projects remained below the previous fiscal year's level.」
Sales for telecommunications applications increased on replacement demand, while sales for electric power applications declined as replacement demand decreased, and sales for rental applications declined because investment in social infrastructure projects remained restrained, reaffirming the business structure's dependence on demand trends among customers. - FY2018RestatedAnnual report
「Aerial work vehicle sales are highly dependent on the electrical and telecommunications construction and rental industries, which are major sources of demand. Changes in demand trends in these industries could have a material impact on the performance of the Group.」
Aerial work vehicles and related products account for more than 90% of revenue and operating profit, and the company continues to describe the risk of dependence on demand fluctuations in the electrical and telecommunications construction and rental industries. - FY2018-Q3RestatedAnnual report
「Against this backdrop, sales of special-purpose vehicles increased year on year in the telecommunications industry due to increased replacement demand for aging vehicles. Sales also increased in the railway industry as replacement of aging rolling stock and demand for mechanization continued. In contrast, sales in the electric power industry declined year on year because demand for replacement of power distribution equipment decreased. Sales in the rental industry also declined year on year because, despite increased demand for social infrastructure projects, the trend toward restrained capital investment in equipment for construction projects continued.」
Sales for telecommunications and railway applications increased on replacement and renewal demand, while sales for electric power applications declined as demand for replacement of power distribution equipment decreased, and sales for rental applications declined because capital investment in construction projects remained restrained. This reaffirmed the business structure's dependence on demand trends among customers. - FY2018-Q2RestatedAnnual report
「Against this backdrop, sales of special-purpose vehicles increased year on year in the electric power industry as demand for replacement of aging equipment continued, and in the telecommunications industry due to replacement demand for aging vehicles. Sales also increased in the railway industry as demand for replacement of aging rolling stock and mechanization continued. In contrast, sales in the rental industry declined year on year because, despite increased demand for social infrastructure projects, the trend toward restrained capital investment in equipment for construction projects continued.」
Sales for electric power, telecommunications and railway applications increased, while rental applications declined because capital investment in equipment related to construction demand remained restrained, reaffirming the business structure's dependence on demand trends among customers. - FY2018-Q1RestatedAnnual report
「Demand in the railway industry increased, while demand in the rental industry declined year on year as investment related to construction demand remained restrained, despite increased demand for social infrastructure projects, reaffirming the business structure's dependence on demand trends among customers.」
Demand for railway applications increased, while demand for rental applications declined because investment related to construction demand remained restrained, reaffirming the business structure's dependence on demand trends among customers. - FY2017RestatedAnnual report
「Aerial work vehicle sales are highly dependent on the electrical and telecommunications construction and rental industries, which are major sources of demand. Changes in demand trends in these industries could have a material impact on the performance of the Group. Their combined share of total revenue and total operating profit for all segments each exceeds 90%.」
The company reiterates its recognition of the risk that its core business depends on demand from the electrical and telecommunications construction and rental industries, which account for more than 90% of revenue and operating profit. - FY2017-Q3RestatedAnnual report
「Against this backdrop, sales of special-purpose vehicles increased year on year in the electric power industry as replacement demand for aging equipment recovered, and in the rental industry, despite some cautiousness toward investment related to construction demand, as demand for social infrastructure projects continued. Sales also increased in the railway industry, driven by continued demand for replacement of aging rolling stock and mechanization.」
Although some caution was evident in the rental industry, sales of special-purpose vehicles exceeded the same period of the previous year due to replacement demand and demand for social infrastructure projects. This reaffirmed the business structure's dependence on demand trends among customers. - FY2017-Q2RestatedAnnual report
「Sales of special-purpose vehicles increased year on year in the electric power industry, as replacement demand for aging equipment recovered, and in the rental industry, as demand from construction and social infrastructure projects continued. Sales also increased in the railway industry, driven by continued demand for mechanization, including replacement of aging rolling stock. In contrast, sales in the telecommunications industry declined year on year as capital investment restraint continued.」
Demand increased in the electric power, rental and railway industries, while telecommunications declined as capital investment restraint continued, reaffirming the business structure's dependence on demand trends among customers. - FY2017-Q1RestatedAnnual report
「Sales of special-purpose vehicles increased year on year in the electric power industry, as replacement demand arising from aging equipment recovered from the previous fiscal year, and in the rental industry, as demand from construction and social infrastructure projects continued. Sales also increased in the railway industry, driven by continued demand for mechanization, including replacement of aging equipment. In contrast, sales in the telecommunications industry declined year on year as capital investment restraint continued.」
Demand increased in the electric power, rental and railway industries, while telecommunications declined as capital investment restraint continued, reaffirming the business structure's dependence on demand trends in specific industries. - FY2016First statedAnnual report
「Aerial work vehicle sales are highly dependent on the electrical and telecommunications construction and rental industries, which are major sources of demand. Changes in demand trends in these industries could have a material impact on the performance of the Group. Their combined share of total revenue and total operating profit for all segments each exceeds 90%.」
The company states that its core business accounts for more than 90% of total revenue and operating profit, and that demand fluctuations in specific industries could have a material impact on performance.