Earnings Dependence on Public and Private Capital Investment Trends
First written in FY2018. 4 of 16 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 65 of 84 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2026Expansion in public-sector and equipment demand alongside stagnation in the construction marketAnnual report
「In the equipment market, growing interest in decarbonization and cost optimization has drawn attention to the benefits of Smash Pumps, including energy savings, reduced carbon dioxide emissions and reduced labor requirements for maintenance. In addition, sales of infrastructure-related equipment pumps in the government agency market and dewatering equipment in the plant market expanded, resulting in higher sales across the market as a whole.」
While demand for equipment, government agency and plant-related products increased, stagnation continued in the construction market, and demand differentiation driven by public- and private-sector investment persisted. - FY2026-H1Expansion in domestic equipment demand alongside stagnation in the construction marketAnnual report
「In the construction machinery market, sales of electrode-type submersible pumps and small residual-water pumps increased as the importance of environmental considerations grew. However, surging material and labor costs and labor shortages caused the construction market to stagnate, reducing demand for pumps and resulting in a slight decline across the market as a whole. In the equipment market, sales increased substantially, partly because attention grew for Smash Pumps, which offer high efficiency and excellent foreign-object passage performance.」
While demand in the construction market declined due to the investment and cost environment, demand in the equipment market increased for products such as Smash Pumps, resulting in higher sales domestically overall. - FY2025Public-sector order expansion and higher domestic sales become evidentAnnual report
「Sales increased, partly because orders for pump equipment-related projects for government agencies expanded.」
Expanded orders for pump equipment-related projects for government agencies emerged as a factor behind a 12.3% increase in domestic sales, and the pattern of public investment trends affecting business performance continues. - FY2025-H1Expansion in public-sector orders and higher domestic salesAnnual report
「Sales increased, partly because orders for pump equipment-related projects for government agencies expanded.」
Expanded orders for pump equipment-related projects for government agencies emerged as a factor behind higher domestic sales, and the pattern of public investment trends affecting business performance continues. - FY2024-Q3Expansion in replacement and public-sector orders alongside an overall decline in salesAnnual report
「In the plant and government agency markets, replacement demand increased and orders for infrastructure-related projects, including torrential-rain countermeasures, expanded, but overall sales declined.」
While orders related to replacement demand and public and capital investment, including torrential-rain countermeasures for government agencies, expanded, sales for the domestic segment as a whole declined 3.0%. - FY2023RestatedAnnual report
「In particular, the Group’s business performance may fluctuate due to trends in public investment and private-sector capital investment in Japan, among other factors.」
The risk that trends in public investment and private-sector capital investment may cause fluctuations in business performance continues to be disclosed. - FY2023-Q3RestatedAnnual report
「In the equipment market, demand for energy-saving and labor-saving products for the tools and factory facilities market increased, and orders for infrastructure development-related business, including torrential-rain countermeasures for government agencies, also expanded, resulting in higher sales.」
The recovery and increase in demand for factory equipment and the expansion of infrastructure orders, including torrential-rain countermeasures for government agencies, continue to emerge as factors behind the increase in business performance. - FY2023-Q2Continued recovery in public and capital investment demandAnnual report
「In the equipment market, demand from the tools and factory facilities market began to recover, while orders for infrastructure development-related business, including torrential-rain countermeasures for government agencies, expanded.」
The recovery in demand for general and factory equipment and the expansion of infrastructure orders from government agencies have emerged as factors behind the increase in business performance. - FY2022Public and capital investment demand becomes a growth driverAnnual report
「In the equipment market, demand for the general equipment and factory markets increased, and sales rose as orders related to infrastructure development, including torrential-rain countermeasures for government agencies, also expanded.」
While the risk that public investment and private-sector capital investment trends may affect business performance continues, increased demand for general and factory equipment and expanded infrastructure orders from government agencies emerged as factors behind higher sales in the current period. - FY2022-Q3Expansion in infrastructure orders from government agencies and equipment demandAnnual report
「Demand for the general equipment and factory equipment markets increased, and sales also rose as orders for infrastructure-related projects, including torrential-rain countermeasures for government agencies, expanded.」
Increased demand for general and factory equipment and expanded orders for infrastructure development from government agencies are cited as factors behind the increase in business performance. - FY2022-Q2Increased demand from government agencies and for general equipment alongside overall market difficultiesAnnual report
「In the equipment market, demand from the general facilities and factory facilities markets began to recover, and orders for torrential-rain countermeasures from government agencies also increased, resulting in higher sales.」
Recovery in demand for torrential-rain countermeasures for government agencies and for general and factory equipment was seen, and the impact of public and capital investment trends emerged as a factor behind higher sales. - FY2022-Q1Increased demand from government agencies and for general equipment alongside overall market difficultiesAnnual report
「In the equipment market, orders for medium- and large-sized pumps increased and demand from government agencies and the general facilities market rose, but overall market conditions remained challenging, leaving net sales flat.」
While demand from government agencies and for the general equipment market increased, difficult conditions persisted across the equipment market as a whole, and fluctuations in business performance due to investment trends continued to coexist. - FY2021RestatedAnnual report
「In particular, the Group’s business performance may fluctuate due to trends in public investment and private-sector capital investment in Japan, among other factors.」
The risk that trends in public investment and private-sector capital investment may cause fluctuations in business performance continues to be disclosed. - FY2021-Q3Strong public-sector infrastructure demand alongside delays and restraints in private-sector capital investmentAnnual report
「In the equipment market, infrastructure development-related business for government agencies performed well and sales increased, while sales of tools, factory facility-related products and plant-related products declined due in part to postponed or restrained capital investment resulting from the COVID-19 pandemic.」
While public-sector and government-related investment remained strong, delays and restraints on capital investment in private-sector factory equipment and plants due to the impact of infectious disease outbreaks were reflected in business performance. - FY2019RestatedAnnual report
「In particular, the Group’s business performance may fluctuate due to trends in public investment and private-sector capital investment in Japan, among other factors.」
The risk that trends in domestic public investment and private-sector capital investment may cause fluctuations in business performance continues to be disclosed. - FY2018First statedAnnual report
「In particular, the Group’s business performance may fluctuate due to trends in public investment and private-sector capital investment in Japan, among other factors.」
Trends in domestic public investment and private-sector capital investment are clearly identified as factors that may cause fluctuations in Group performance.