Weak Domestic Demand Driven by Declining Construction Activity, Labor Shortages and Rental Companies’ Expanded Equipment Holdings

「In the construction machinery market, higher material and labor costs and labor shortages caused stagnation in the construction market, and demand for pumps across the market tended to decline. However, sales of large sprinklers, electrode-operated submersible pumps, and small residual-water pumps increased amid strengthened workplace safety measures and growing emphasis on environmental considerations, while large defense-related orders also contributed to higher sales.」

「In the construction machinery market, higher material and labor costs and labor shortages caused stagnation in the construction market, and demand for pumps across the market tended to decline. However, sales of large sprinklers, electrode-operated submersible pumps, and small residual-water pumps increased amid strengthened workplace safety measures and growing emphasis on environmental considerations, while large defense-related orders also contributed to higher sales.」

「However, soaring material and labor costs and labor shortages caused stagnation in the construction market, reducing demand for pumps and resulting in a slight overall market decline. In the equipment market, sales increased substantially, partly because attention grew for Smash Pumps, which offer high efficiency and excellent foreign-object passage performance.」

「In the construction machinery market, sales of labor-saving products and medium-sized submersible pumps for the rental industry performed well, while orders for environmentally considerate electrode-operated residual-water pumps remained firm. In the equipment market, sales of high-efficiency submersible pumps and disaster-prevention products increased in the tool-manufacturing facilities market amid growing interest in sustainability and efficiency, while orders for pump equipment for the government agency market also expanded, resulting in higher sales.」

「In the construction machinery market, sales of labor-saving products and medium-sized submersible pumps for the rental industry performed well, while orders for environmentally considerate electrode-operated submersible pumps and residual-water pumps remained firm. In the equipment market, sales of high-efficiency submersible pumps and disaster-prevention products increased in the tool-manufacturing facilities market amid growing interest in sustainability and efficiency, while orders for pump equipment for the government agency market also expanded, resulting in higher sales. As a result, sales were ¥24,964 million, an increase of ¥1,553 million, or 6.6%, from the same interim consolidated accounting period of the previous fiscal year, while segment profit was ¥3,162 million, an increase of ¥218 million, or 7.4%.」

「In the construction machinery market, orders for energy-saving small submersible pumps and high-pressure washers for the rental industry remained firm. In the equipment market, unit sales of high-efficiency submersible pumps and disaster-prevention products increased in the tool-manufacturing facilities market, and replacement demand and orders for infrastructure-related projects, including torrential-rain countermeasures, expanded in the plant and government agency markets, but overall sales declined.」

「In the domestic construction machinery market, orders for energy-saving small submersible pumps and high-pressure washers for the rental industry remained firm. Demand for labor-saving products also increased, driven in part by the launch of new products, including an automated cleaning system for steel road plates and a remote-start drainage system using IoT. In the equipment market, unit sales of high-efficiency submersible pumps and disaster-prevention products increased in the tool-manufacturing facilities market, while replacement demand increased and orders for infrastructure-related projects, including torrential-rain countermeasures, expanded in the plant and government agency markets, resulting in higher sales.」

「In the domestic construction machinery market, sales of environmentally considerate electrode-operated submersible pumps and high-pressure washers for the rental industry performed well. In the equipment market, demand for energy-saving and labor-saving products for the tool-manufacturing facilities market increased, while orders for infrastructure-related projects, including torrential-rain countermeasures for government agencies, also expanded, resulting in higher sales. As a result, sales were ¥11,730 million, an increase of ¥422 million, or 3.7%, from the same quarter of the previous fiscal year, while segment profit was ¥1,748 million, an increase of ¥672 million, or 62.4%.」

「In the domestic construction machinery market, sales of environmentally considerate electrode-operated submersible pumps and high-pressure washers for the rental industry performed well. In the equipment market, demand for large pumps and energy-saving and labor-saving products for the tool-manufacturing facilities market increased, while orders for infrastructure-related projects, including torrential-rain countermeasures for government agencies, also expanded, resulting in higher sales. As a result, domestic sales were ¥50,720 million, an increase of ¥6,121 million, or 13.7%, from the previous consolidated fiscal year.」

「In the construction machinery market, sales of environmentally considerate electrode-operated submersible pumps and high-pressure washers for the rental industry performed well, resulting in higher sales. In the equipment market, demand for energy-saving and labor-saving products for the tool-manufacturing facilities market increased, while orders for infrastructure-related projects, including torrential-rain countermeasures for government agencies, also expanded, resulting in higher sales. As a result, sales were ¥35,913 million, an increase of ¥5,265 million, or 17.2%, from the same quarter of the previous fiscal year, while segment profit was ¥3,825 million, an increase of ¥842 million, or 28.3%.」

「In the construction machinery market, sales of environmentally considerate electrode-operated submersible pumps and high-pressure washers for the rental industry performed well. In the equipment market, demand from the tool-manufacturing facilities market recovered, while orders for infrastructure-related projects, including torrential-rain countermeasures for government agencies, expanded. On the profit side, however, results were affected by higher raw material prices and logistics costs.」

「In the construction machinery market, orders for electrode-operated submersible pumps and high-pressure washers for the rental industry increased, while orders in the equipment market also increased from the general facilities and factory facilities markets. Orders for infrastructure-related projects, including torrential-rain countermeasures for government agencies, also increased. Although production was affected by difficulties in procuring components, sales increased.」

「In the construction machinery market, sales of environmentally considerate pump-related products and high-pressure washers performed well, mainly for the rental industry, resulting in higher sales. In the equipment market, demand from the general facilities and factory facilities markets increased, and orders for infrastructure-related projects, including torrential-rain countermeasures for government agencies, also expanded, resulting in higher sales.」

「In the construction machinery market, orders for submersible pumps for the rental industry increased, but overall sales remained flat. In the equipment market, demand from the general facilities and factory facilities markets recovered, and orders from government agencies increased for measures to address torrential rain, resulting in higher sales.」

「In the construction equipment market, sales of submersible pumps to the rental industry were strong, resulting in higher revenue. In the equipment market, orders for medium- and large-sized pumps increased and demand from government agencies and the general facilities market grew, but overall conditions remained challenging and revenue was flat. As a result, revenue was ¥9,427 million, up ¥658 million, or 7.5%, from the same period of the previous year, while segment profit was ¥958 million, up ¥154 million, or 19.3%.」

「In the domestic business, sales of electrode-type submersible pumps and pumps for drainage from general construction projects to the rental industry remained solid in the construction equipment market. Sales of medium- and large-sized equipment pumps and products for government-related customers also remained solid in the equipment market. However, market-wide customer caution and the postponement or curtailment of capital expenditure due to the impact of COVID-19 resulted in lower revenue in both markets.」

「In the construction equipment market, demand related to disaster recovery projects remained strong, but sales to the rental industry struggled, resulting in lower revenue. In the equipment market, infrastructure development-related business for government agencies remained strong and revenue increased, but revenue from tools, factory facilities and plants declined due in part to the postponement or curtailment of capital expenditure caused by the impact of COVID-19.」

「In the construction equipment market, demand for pumps used in disaster recovery projects continued, but demand for submersible pumps and other products for the rental industry slowed, resulting in a slight decline in revenue. In the equipment market, sales of vacuum pumps for public works and private-sector facilities and pipe materials-related products increased, but sales related to water treatment plants, factory facilities and dewatering equipment declined.」

「Demand for pumps used in disaster recovery projects continued in both the construction equipment and equipment markets, but sales activities were constrained by the state of emergency and demand declined overall, resulting in lower revenue. As a result, revenue was ¥8,768 million, down ¥352 million, or 3.9%, from the same period of the previous year, while segment profit was ¥803 million, down ¥265 million, or 24.9%.」

「In the domestic business, unit sales of submersible pumps, high-pressure washers and dust collectors to the rental industry remained solid in the construction equipment market. Demand also increased for medium- and large-sized submersible pumps used in severe-disaster recovery projects following the torrential rains in western Japan two years earlier and Typhoon Hagibis in 2019, resulting in higher sales. In the equipment market, unit sales of public-use submersible pumps increased, and sales in the plant, government and general facilities markets grew. As a result, revenue was ¥41,538 million, up ¥2,274 million, or 5.8%, from the previous fiscal year, while segment profit was ¥4,678 million, up ¥588 million, or 14.4%.」

「In the construction equipment market, sales of submersible pumps, washers and dust collectors to the rental industry remained solid. Demand also increased for pumps used in severe-disaster recovery projects following the torrential rains in western Japan two years earlier and Typhoon Hagibis last year, resulting in higher revenue. In the equipment market, unit sales of public-use submersible pumps increased and sales to plants and government agencies grew, but private-sector capital expenditure remained sluggish, resulting in lower sales in the factory facilities market.」

「In the construction equipment market, unit sales of submersible pumps and high-pressure washers to the rental industry grew steadily, resulting in higher revenue. In the equipment market, sales of large pumps for public works, private-sector facilities and various plants increased, while sales to factory facilities and the pipe materials market declined. As a result, revenue was ¥18,837 million, up ¥1,657 million, or 9.6%, from the same period of the previous year, while segment profit was ¥1,775 million, up ¥310 million, or 21.2%.」

「In the construction equipment market, unit sales of submersible pumps to the rental industry increased, resulting in higher revenue. In the equipment market, demand from the steel, shipbuilding and water treatment plant sectors remained solid, but demand in the pipe materials market declined, leaving revenue flat.」

「In the construction equipment market, sales of submersible pumps and high-pressure washers to rental companies remained solid, resulting in higher revenue. In the equipment market, sales to the steel and power markets increased slightly and demand for dewatering equipment for factory facilities remained solid, but sales related to water treatment plants declined, resulting in a slight decrease in revenue.」

「In the construction equipment market, sales of pumps for building foundation work and electrode-equipped pumps to rental companies increased, while sales of high-pressure washers remained solid, resulting in higher revenue. In the equipment market, demand related to factory facilities and septic tanks remained solid and revenue increased, but sales related to water treatment plants and shipbuilding declined. As a result, revenue was ¥26,776 million, up ¥2,624 million, or 10.9%, from the same period of the previous year, while segment profit was ¥2,577 million, up ¥457 million, or 21.6%.」

「In the construction equipment market, demand for general-purpose pumps used in recovery work following torrential rains in the Chugoku region increased, particularly in the construction equipment rental market. Demand for pumps used in typhoon disaster measures also increased later in the period, resulting in higher revenue. In the equipment market, demand related to factory facilities and septic tanks remained relatively solid, resulting in higher revenue, while sales related to water treatment plants and dewatering equipment declined.」

「In the construction equipment market, the number of electrode-equipped pumps sold to rental companies increased, and sales of high-pressure washers remained solid, resulting in higher revenue. In the equipment market, demand for factory facilities, water treatment plants and septic tanks remained solid, but demand related to shipbuilding and for dewatering equipment declined, resulting in a slight decrease in revenue.」

「In the domestic business, demand continued to increase in the construction equipment market for electrode-type submersible pumps and high-pressure washers with tanks for rental companies, resulting in a slight increase in revenue. In the equipment market, sales to factories, water treatment plants, septic tanks, livestock and agricultural customers, as well as public-sector customers, remained solid, resulting in higher revenue.」

「In the construction equipment market, demand increased for electrode-type submersible pumps and high-pressure washers, resulting in higher revenue.」

「In the construction equipment market, demand increased for general-purpose submersible pumps used in recovery work following flooding caused by torrential rains and other events, but sales of construction submersible pumps to rental companies declined, leaving revenue broadly flat.」

「In the construction equipment market, demand increased for general-purpose submersible pumps used in flood recovery work, but sales of construction submersible pumps and high-pressure washers to rental companies declined, resulting in a slight decrease in revenue.」

「In the construction equipment market, demand was expected to increase, particularly in the Tokyo metropolitan area, but the decline in construction activity and persistent labour shortages continued to weigh on results. Rental companies also appeared to have sufficient rental assets, and overall revenue declined.」

「In the construction equipment market, demand for general-purpose pumps used in recovery work following the Kumamoto Earthquake increased, and there was a slight recovery later in the period due to demand for typhoon-related disaster measures. However, construction activity declined, labour shortages persisted and rental companies appeared to have sufficient rental assets on hand. Overall, revenue declined.」

「In the domestic sales business, construction activity declined nationwide and labour shortages persisted compared with the previous year. Rental companies also appeared to have sufficient assets on hand, and overall revenue declined from the same period of the previous year. As a result, revenue was ¥7,190 million, down ¥406 million, or 5.4%, from the same period of the previous year, while segment profit was ¥496 million, down ¥215 million, or 30.2%.」