Decline in Chinese Demand for Pumps Due to China’s Economic Slowdown
First written in FY2017-Q1. 12 of 36 entries say "Restated". Latest entry: 2026-08-07.
Tsurumi Manufacturing moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 14 of 22 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「その他地域におきましては、着実な受注の積み上げはありましたが、中国市場での不動産不況や米中貿易摩擦等の影響もあり、売上高は減少しました。」
中国市場の不動産不況と米中貿易摩擦が需要・売上に影響する構図を継続して示している。 - FY2026RestatedAnnual report
「In Other regions, revenue edged up despite steady growth in orders, partly due to the downturn in China’s property market and the US-China trade friction.」
The pattern in which the downturn in China’s property market and the US-China trade friction affect demand and revenue has continued. - 2026-05-12RestatedRevisions to earnings forecasts
「In Other regions, revenue edged up despite steady growth in orders, partly due to the downturn in China’s property market and the US-China trade friction.」
中国の不動産不況・米中貿易摩擦がポンプ事業に影響する構図が継続している。 - FY2026-H1RestatedAnnual report
「In Other regions, revenue edged down despite steady growth in orders, partly due to the downturn in China’s property market and the US-China trade friction.」
The pattern in which the downturn in China’s property market and the US-China trade friction affect pump demand and revenue has continued. - FY2025WorsenedAnnual report
「Although Australia’s construction market continued to build momentum, revenue declined as the downturn in the Chinese economy also affected pump demand.」
The impact of the downturn in the Chinese economy on pump demand appeared in full-year results for Other regions as revenue declined 2.4% and profit declined 17.1%. - FY2025-H1WorsenedAnnual report
「In Other regions, revenue declined despite steady gains in Australia’s construction market, as the downturn in the Chinese economy also affected pump demand. As a result, revenue was ¥3,322 million, down ¥278 million, or 7.7%, from the same interim cumulative period of the previous fiscal year, while segment profit was ¥407 million, down ¥238 million, or 36.9%.」
Although Australia’s construction market continued to build momentum, the downturn in the Chinese economy affected pump demand, resulting in revenue declining 7.7% and profit declining 36.9% in Other regions. - FY2024-Q3RestatedAnnual report
「In the China region, revenue increased as demand in the equipment market remained firm.」
Firm demand in the equipment market and revenue growth continued to be reported in China. - FY2024-Q2RestatedAnnual report
「In the China region, revenue increased as demand in the equipment market remained firm.」
Firm demand in the equipment market and revenue growth continued to be reported in China. - FY2024-Q1RestatedAnnual report
「In the China region, revenue increased as demand in the equipment market remained firm.」
In China, firm demand in the equipment market and revenue growth were reported, indicating that the recovery trend in demand through the previous fiscal year continued. - FY2023RestatedAnnual report
「In the China region, revenue increased as pump demand remained on a recovery trend despite the impact of lockdowns in various cities due to the spread of COVID-19. As a result, revenue was ¥4,803 million, up ¥421 million, or 9.6%, from the previous fiscal year.」
Although the impact of lockdowns remained, the recovery trend in Chinese pump demand and full-year revenue growth were reported. - FY2023-Q3MitigatedAnnual report
「In the China region, despite the impact of lockdowns in various cities due to the spread of COVID-19, revenue increased as pump demand remained on a recovery trend. As a result, revenue was ¥3,790 million, up ¥907 million, or 31.5%, from the same cumulative period of the previous fiscal year, while segment profit was ¥594 million, up ¥291 million, or 96.3%.」
Although the impact of lockdowns remained, pump demand in China entered a recovery trend, improving revenue growth to 31.5% and segment profit growth to 96.3%. - FY2023-Q2WorsenedAnnual report
「In the China region, revenue declined as pump demand fell amid the impact of lockdowns in various cities due to the spread of COVID-19. As a result, revenue was ¥1,521 million, down ¥225 million, or 12.9%, from the same cumulative period of the previous fiscal year, while segment profit was ¥107 million, down ¥60 million, or 36.1%.」
Conditions deteriorated from firm demand in the previous quarter to a decline in pump demand due to lockdowns in various cities, resulting in revenue declining 12.9% and profit declining 36.1%. - FY2023-Q1Firm demand despite lockdownsAnnual report
「In the China region, despite the impact of lockdowns, revenue increased as pump demand remained firm. As a result, revenue was ¥932 million, up ¥120 million, or 14.8%, from the same cumulative period of the previous fiscal year, while segment profit was ¥94 million, up ¥22 million, or 31.3%.」
In China, pump demand remained firm despite the impact of lockdowns, resulting in revenue growth of 14.8% and profit growth of 31.3%. - FY2022AdvancedAnnual report
「In the Chinese market, revenue increased as pump demand remained on a recovery trend. As a result, revenue was ¥4,381 million, up ¥1,027 million, or 30.6%, from the previous fiscal year, while segment profit was ¥435 million, up ¥48 million, or 12.4%.」
In China, the recovery trend in pump demand continued, resulting in full-year revenue growth of 30.6% and segment profit growth of 12.4%. - FY2022-Q3AdvancedAnnual report
「In the China region, revenue increased as pump demand remained on a recovery trend. As a result, revenue was ¥2,883 million, up ¥589 million, or 25.7%, from the same cumulative period of the previous fiscal year, while segment profit was ¥302 million, up ¥74 million, or 32.6%.」
In China, the recovery trend in pump demand continued, resulting in revenue growth of 25.7% and profit growth of 32.6%, quantifying the progress of the recovery. - FY2022-Q2MitigatedAnnual report
「In the China region, revenue increased as pump demand remained on a recovery trend. As a result, revenue was ¥1,746 million, up ¥274 million, or 18.6%, from the same cumulative period of the previous fiscal year, while segment profit was ¥167 million, up ¥10 million, or 6.4%.」
In China, pump demand shifted to a recovery trend, resulting in revenue growth of 18.6% and profit growth of 6.4%, indicating an improvement in the impact of demand under trade issues and the economic slowdown. - FY2022-Q1Revenue and profit growth despite trade issues and economic slowdownAnnual report
「In the China region, revenue was nearly flat as trade issues between China and the United States and the economic slowdown affected pump demand. As a result, revenue was ¥812 million, up ¥55 million, or 7.4%, from the same cumulative period of the previous fiscal year, while segment profit was ¥71 million, up ¥3 million, or 4.6%.」
In China, the impact on demand from trade issues between China and the United States and the economic slowdown persisted, while revenue increased 7.4% and segment profit increased 4.6%. - FY2021Demand decreased while profit increasedAnnual report
「In the Chinese market, revenue declined as pump demand showed a declining trend due to factors including the intensifying US-China trade friction. Profit, however, increased due in part to an improvement in exchange rates.」
In China, demand continued to decline due to factors including the US-China trade friction, and revenue decreased 1.1%, while segment profit increased 19.1% due in part to an improvement in exchange rates. - FY2021-Q3WorsenedAnnual report
「In the China region, pump demand showed a declining trend due to factors including the intensifying US-China trade friction. As a result, revenue was ¥2,293 million, down ¥368 million, or 13.9%, from the same cumulative period of the previous fiscal year, while segment profit was ¥228 million, down ¥64 million, or 22.0%.」
In China, the declining trend in pump demand due to factors including the US-China trade friction continued from the previous quarter, resulting in cumulative revenue declining 13.9% and segment profit declining 22.0%. - FY2021-Q2WorsenedAnnual report
「In the China region, pump demand showed a declining trend due to factors including the intensifying US-China trade friction.」
In China, demand shifted from remaining firm in the previous quarter to a declining trend in pump demand due to factors including the intensifying US-China trade friction. Revenue decreased 15.8%, while segment profit increased 7.1%. - FY2021-Q1MitigatedAnnual report
「In China, although the economic slowdown and other factors had an impact, sales increased as pump demand remained solid. As a result, sales were ¥756 million, up ¥37 million (5.2%) from the same cumulative period of the previous fiscal year, while segment profit was ¥68 million, up ¥34 million (99.2%).」
In China, although the impact of the economic slowdown remained, pump demand was solid, resulting in a 5.2% increase in sales and a 99.2% increase in segment profit. - FY2020WorsenedAnnual report
「In China, sales declined due to the impact of weak economic conditions. As a result, sales were ¥3,391 million, down ¥118 million (3.4%) from the previous fiscal year, while segment profit was ¥325 million, down ¥27 million (7.9%).」
Conditions shifted from the recovery and strength in pump demand seen through the previous period to lower sales and profit due to weak economic conditions. - FY2020-Q3RestatedAnnual report
「In China, sales increased as pump demand remained solid. As a result, sales were ¥2,662 million, up ¥66 million (2.6%) from the same cumulative period of the previous fiscal year, while segment profit was ¥292 million, up ¥28 million (10.6%).」
In China, solid pump demand and increases in sales and profit continued, resulting in a 2.6% increase in sales and a 10.6% increase in segment profit. - FY2020-Q2MitigatedAnnual report
「In China, sales increased as pump demand remained solid. As a result, sales were ¥1,747 million, up ¥141 million (8.8%) from the same cumulative period of the previous fiscal year, while segment profit was ¥146 million, up ¥4 million (3.3%).」
Following the impact on demand from the Chinese economic slowdown reported again in the previous quarter, conditions shifted to solid pump demand and higher sales and profit, indicating an improvement in the previous risk impact. - FY2020-Q1WorsenedAnnual report
「In China, sales declined because the economic slowdown and other factors affected demand for pumps. As a result, sales were ¥719 million, down ¥39 million (5.2%) from the same cumulative period of the previous fiscal year, while segment profit was ¥34 million, down ¥5 million (14.7%).」
The impact of the economic slowdown on demand, along with declines in sales and profit, was reported again for Chinese pump demand, which had been considered to be recovering through the previous period, resulting in a 5.2% decline in sales and a 14.7% decline in segment profit. - FY2019AdvancedAnnual report
「In China, although the economy showed signs of slowing, sales increased as pump demand continued on a recovery trend. As a result, sales were ¥3,509 million, up ¥806 million (29.9%) from the previous fiscal year, while segment profit was ¥352 million, up ¥148 million (72.5%).」
While signs of an economic slowdown remained in China, the recovery in pump demand continued, resulting in a 29.9% increase in sales and a 72.5% increase in segment profit, further quantifying the recovery from the previous period. - FY2019-Q3AdvancedAnnual report
「In China, sales increased as sales to the equipment market remained solid. As a result, sales were ¥2,595 million, up ¥816 million (45.8%) from the same cumulative period of the previous fiscal year, while segment profit was ¥264 million, up ¥166 million (169.7%).」
In China, solid sales to the equipment market continued, resulting in a 45.8% increase in sales and a 169.7% increase in segment profit, further quantifying the progress in the recovery of pump demand. - FY2019-Q2AdvancedAnnual report
「In China, sales increased as sales to the equipment market remained solid. As a result, sales were ¥1,606 million, up ¥519 million (47.8%) from the same cumulative period of the previous fiscal year, while segment profit was ¥142 million, up ¥117 million (468.7%).」
In China, solid sales to the equipment market continued, resulting in a 47.8% increase in sales and a 468.7% increase in segment profit, further quantifying the recovery from the previous quarter. - FY2019-Q1AdvancedAnnual report
「In China, sales increased as sales to the equipment market remained solid. As a result, sales were ¥758 million, up ¥222 million (41.7%) from the same cumulative period of the previous fiscal year, while segment profit was ¥40 million, up ¥29 million (272.8%).」
In China, sales to the equipment market remained solid, resulting in a 41.7% increase in sales and a 272.8% increase in segment profit, further quantifying the recovery in pump demand that began in the previous period. - FY2018MitigatedAnnual report
「In China, sales increased as pump demand continued on a recovery trend. As a result, sales were ¥2,702 million, up ¥384 million (16.6%) from the previous fiscal year, while segment profit was ¥204 million, up ¥186 million (1,036.1%).」
Pump demand in China entered a recovery trend, resulting in a 16.6% increase in sales and a 1,036.1% increase in segment profit. The previous impact of declining demand due to the Chinese economic slowdown is improving. - FY2018-Q3MitigatedAnnual report
「In China, sales increased as pump demand continued on a recovery trend. As a result, sales were ¥1,779 million, up ¥150 million (9.2%) from the same cumulative period of the previous fiscal year, while segment profit was ¥98 million, up ¥78 million (394.2%).」
In China, pump demand shifted to a recovery trend, resulting in a 9.2% increase in sales and a 394.2% increase in segment profit. - FY2018-Q2RestatedAnnual report
「In China, sales declined because the economic slowdown and other factors affected demand for pumps. As a result, sales were ¥1,086 million, down ¥141 million (11.5%) from the same cumulative period of the previous fiscal year, while segment profit was ¥25 million, down ¥16 million (39.8%).」
The impact of the Chinese economic slowdown on pump demand continued, resulting in lower sales and profit. - FY2018-Q1RestatedAnnual report
「In China, sales declined because the economic slowdown and other factors affected demand for pumps. As a result, sales were ¥535 million, down ¥126 million (19.1%) from the same cumulative period of the previous fiscal year, while segment profit was ¥10 million, down ¥12 million (53.0%).」
The impact of the Chinese economic slowdown on pump demand continued, resulting in lower sales and profit. - FY2017-Q3WorsenedAnnual report
「In China, sales declined because the economic slowdown and other factors affected demand for pumps. As a result, sales were ¥1,629 million, down ¥1,851 million (53.2%) from the same cumulative period of the previous fiscal year, while segment profit was ¥19 million, down ¥624 million (96.9%).」
The impact of the Chinese economic slowdown on pump demand continued, with its effect on performance quantified as a 53.2% decline in sales and a 96.9% decline in segment profit for the cumulative period of the current quarter. - FY2017-Q2RestatedAnnual report
「In China, sales declined because the economic slowdown and other factors affected demand for pumps.」
The impact of the Chinese economic slowdown on pump demand and the resulting declines in sales and profit continue to be reported. - FY2017-Q1First statedAnnual report
「In China, sales declined because the economic slowdown and other factors affected demand for pumps. As a result, sales were ¥661 million, down ¥175 million (20.9%) from the same cumulative period of the previous fiscal year, while segment profit was ¥23 million, down ¥57 million (71.3%).」
The slowdown in the Chinese economy has led to declining pump demand, lower sales and lower profit.