Sluggish North American demand due to falling resource and crude oil prices
First written in FY2017-Q1. 11 of 37 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2017: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026AdvancedAnnual report
「In North America, although customers deferred purchases due to the impact of U.S. tariff measures, the U.S. economy remained resilient, demand from the mining markets in Canada and the United States remained strong, and demand for small construction pumps also remained solid, resulting in increased sales. As a result, sales were ¥15,560 million, up ¥3,298 million (26.9%) from the previous fiscal year.」
While deferred purchases due to tariffs remained an issue, demand from the mining market and for small construction pumps remained solid, resulting in a 26.9% increase in North American sales and a 7.0% increase in segment profit. - 2026-05-12MitigatedRevisions to earnings forecasts
「米国関税措置の影響による買い控えがありましたが、アメリカの景気は底堅く、カナダやアメリカの鉱山市場向け需要が引き続き好調であったこと、また、小型建設用ポンプの需要も堅調に推移したことにより、売上高は増加しました。」
関税措置による買い控えが残る一方、鉱山市場・小型建設用ポンプ需要により北米は増収増益となり、前期から改善した。 - FY2026-H1MitigatedAnnual report
「In North America, although customers deferred purchases due to the impact of reciprocal tariffs under the Trump administration, sales increased as demand from the mining and steel markets remained solid. As a result, sales were ¥7,481 million, up ¥1,590 million (27.0%) from the same interim period of the previous fiscal year, while segment profit was ¥881 million, up ¥123 million (16.2%).」
Although deferred purchases due to reciprocal tariffs remained an issue, demand from the mining and steel markets remained solid, resulting in a 27.0% increase in North American sales and a 16.2% increase in segment profit. - FY2025WorsenedAnnual report
「In North America, demand increased due to stronger capital investment in the mining market, and stable demand for products continued in the construction and equipment markets. However, customers increasingly deferred purchases while monitoring the impact of reciprocal tariffs under the new U.S. administration, resulting in lower sales. As a result, sales were ¥12,261 million, down ¥843 million (6.4%) from the previous fiscal year.」
While demand increased or remained stable in the mining and other markets, deferred purchases accelerated as customers monitored reciprocal tariffs under the new U.S. administration, resulting in a 6.4% decline in North American sales and a 13.1% decline in segment profit. - FY2025-H1WorsenedAnnual report
「In North America, demand increased due to stronger capital investment in the mining market, but signs of a slowdown emerged in the construction rental market, and customers tended to defer purchases amid concerns over weak demand related to the U.S. presidential election and rising unemployment. As a result, sales were ¥5,890 million, down ¥1,165 million (16.5%) from the same interim period of the previous fiscal year, while segment profit was ¥758 million, down ¥183 million (19.5%).」
While capital investment demand in the mining market increased, signs of a slowdown in the construction rental market and concerns over deferred purchases due to the U.S. presidential election and rising unemployment emerged, resulting in a 16.5% decline in North American sales and a 19.5% decline in segment profit. - FY2024-Q3Strong sales coexisting with declining profit and concerns over election-related impactsAnnual report
「In North America, although there were concerns over weak demand due to the impact of the U.S. presidential election scheduled for November 2024 and inflation, sales increased as sales to the water treatment, equipment and mining markets remained strong. As a result, sales were ¥9,432 million, up ¥307 million (3.4%) from the same cumulative period of the previous fiscal year, while segment profit was ¥1,256 million, down ¥70 million (5.3%).」
While concerns were raised over weak demand due to the presidential election and inflation in North America, sales to the water treatment, equipment and mining markets remained strong, resulting in a 3.4% increase in sales. However, segment profit declined 5.3%. - FY2024-Q2Strong water treatment and equipment markets coexisting with declining profitAnnual report
「In North America, signs of a slowdown in the post-pandemic special-demand boom began to emerge, and although inflation raised concerns over weak demand, sales increased as business for the water treatment and equipment markets remained strong. As a result, sales were ¥7,055 million, up ¥175 million (2.5%) from the same cumulative period of the previous fiscal year, while segment profit was ¥942 million, down ¥35 million (3.6%).」
While signs of a slowdown in the special-demand boom and concerns over weak demand continued in North America, business for the water treatment and equipment markets remained strong, resulting in a 2.5% increase in sales, but segment profit declined 3.6%. - FY2024-Q1WorsenedAnnual report
「In North America, signs of a slowdown in the post-pandemic special-demand boom began to emerge, and although inflation raised concerns over weak demand and deferred purchases, the mining market remained strong and sales increased. As a result, sales were ¥3,454 million, up ¥398 million (13.0%) from the same cumulative period of the previous fiscal year, while segment profit was ¥457 million, down ¥25 million (5.4%).」
In North America, the mining market remained strong and sales continued to increase, while signs of a slowdown in the post-pandemic special-demand boom emerged, raising concerns over weak demand and deferred purchases, and segment profit declined 5.4%. - FY2023AdvancedAnnual report
「In North America, although there were broad concerns that rapidly rising inflation and interest rate hikes by the Federal Reserve could weaken demand and prompt customers to defer purchases, the mining market remained buoyant, and sales in the construction market also remained strong. As a result, sales were ¥12,392 million, up ¥2,947 million (31.2%) from the previous fiscal year.」
While concerns over weak demand and deferred purchases remained, the mining and construction markets continued to perform well, with North American sales up 31.2% and segment profit up 85.3%. - FY2023-Q3AdvancedAnnual report
「In North America, although there were broad concerns that rapidly rising inflation and interest rate hikes by the Federal Reserve could weaken demand and prompt customers to defer purchases, the mining market remained buoyant and sales increased. As a result, sales were ¥9,125 million, up ¥2,630 million (40.5%) from the same cumulative period of the previous fiscal year, while segment profit was ¥1,326 million, up ¥661 million (99.5%).」
While concerns remained that inflation and interest rate hikes could weaken demand, North America's mining market remained buoyant, resulting in a 40.5% increase in sales and a 99.5% increase in segment profit. - FY2023-Q2AdvancedAnnual report
「In North America, strong demand continued in the construction and mining markets. Although there were concerns that rapidly rising inflation and interest rate hikes by the Federal Reserve could weaken demand and prompt customers to defer purchases, the mining and construction markets remained buoyant, orders remained strong, and sales increased. As a result, sales were ¥6,880 million, up ¥2,750 million (66.6%) from the same cumulative period of the previous fiscal year, while segment profit was ¥977 million, up ¥531 million (119.3%).」
Although concerns remained that rapidly rising inflation and interest rate hikes could weaken demand, North America's construction and mining markets were considered buoyant, resulting in a 66.6% increase in sales and a 119.3% increase in segment profit. - FY2023-Q1AdvancedAnnual report
「In North America, demand for pumps in the mining and construction markets continued to trend higher, resulting in increased sales. As a result, sales were ¥3,055 million, up ¥1,176 million (62.6%) from the same cumulative period of the previous fiscal year, while segment profit was ¥483 million, up ¥263 million (120.2%).」
In North America, demand for pumps in the mining and construction markets continued to trend higher, resulting in a 62.6% increase in sales and a 120.2% increase in segment profit. - FY2022AdvancedAnnual report
「In North America, particularly strong demand continued in the mining market following higher mineral resource prices, and demand for pumps in the mining and construction markets was trending higher, resulting in increased sales. As a result, sales were ¥9,444 million, up ¥3,233 million (52.1%) from the previous fiscal year, while segment profit was ¥914 million, up ¥155 million (20.5%).」
In North America, demand for pumps in the mining and construction markets continued to increase, resulting in full-year sales growth of 52.1% and segment profit growth of 20.5%, marking further progress in the recovery seen through the previous quarter. - FY2022-Q3AdvancedAnnual report
「In North America, particularly strong demand continued in the mining market following higher mineral resource prices, and demand for pumps in the mining and construction markets was trending higher, resulting in increased sales. As a result, sales were ¥6,494 million, up ¥2,121 million (48.5%) from the same cumulative period of the previous fiscal year, while segment profit was ¥665 million, up ¥122 million (22.6%).」
In North America, strong demand in the mining market and rising demand for pumps in the construction and mining markets continued, resulting in a 48.5% increase in sales and a 22.6% increase in segment profit. - FY2022-Q2RestatedAnnual report
「In North America, the mining market remained active following higher mineral resource prices, and sales increased as demand for pumps in the mining and construction markets rose. As a result, sales were ¥4,129 million, up ¥1,048 million (34.0%) from the same cumulative period of the previous fiscal year, while segment profit was ¥445 million, up ¥45 million (11.4%).」
In North America, the mining market remained active and demand for pumps in the construction and mining markets continued to increase, resulting in a 34.0% increase in sales and an 11.4% increase in segment profit. - FY2022-Q1MitigatedAnnual report
「In North America, the mining market became more active following higher mineral resource prices, and demand for pumps increased as signs of recovery emerged in the mining and construction markets, resulting in higher sales. As a result, sales were ¥1,879 million, up ¥414 million (28.3%) from the same cumulative period of the previous fiscal year, while segment profit was ¥219 million, up ¥28 million (14.9%).」
In North America, the mining and construction markets began to recover against the backdrop of higher mineral resource prices, improving results to a 28.3% increase in sales and a 14.9% increase in segment profit. - FY2021RestatedAnnual report
「In North America, infrastructure demand, particularly in the construction market, had been recovering, and orders overall were trending higher, but sales declined as demand fell due to the impact of lockdowns in various cities and other factors.」
In North America, the recovery in infrastructure demand and orders continued to coexist with declining demand due to lockdowns and other factors. Sales declined 6.8%. - FY2021-Q3RestatedAnnual report
「In North America, infrastructure demand was recovering, but demand declined in the construction and mining markets due to lockdowns in various cities and other factors, resulting in lower sales. As a result, sales were ¥4,372 million, down ¥743 million (14.5%) from the same cumulative period of the previous fiscal year, while segment profit was ¥542 million, down ¥78 million (12.6%).」
In North America, the recovery in infrastructure demand continued to coexist with declining demand in the construction and mining markets caused by lockdowns, resulting in a 14.5% decline in sales and a 12.6% decline in segment profit. - FY2021-Q2Infrastructure demand recovery coexisting with demand declines caused by lockdownsAnnual report
「In North America, infrastructure demand was recovering and regaining strength, but demand declined in the construction and mining markets due to lockdowns in various cities and other factors, resulting in lower sales.」
In North America, infrastructure demand was showing signs of recovery, while declining demand in the construction and mining markets due to lockdowns and other factors coexisted with a 16.0% decline in sales and a 17.9% decline in segment profit. - FY2021-Q1WorsenedAnnual report
「In North America, demand declined in the construction and mining markets due to lockdowns in various cities and other factors, resulting in lower sales. As a result, sales were ¥1,464 million, down ¥400 million (21.5%) from the same cumulative period of the previous fiscal year, while segment profit was ¥190 million, down ¥76 million (28.7%).」
In North America, conditions deteriorated from previously stable and solid demand to declining demand in the construction and mining markets due to lockdowns in various cities and other factors, resulting in a 21.5% decline in sales and a 28.7% decline in segment profit. - FY2020WorsenedAnnual report
「In North America, lower crude oil prices were causing overall demand to weaken, with demand declining in the construction and mining markets, resulting in lower sales. As a result, sales were ¥6,663 million, down ¥616 million (8.5%) from the previous fiscal year, while segment profit was ¥767 million, down ¥148 million (16.2%).」
Conditions deteriorated from the stable trend through the previous quarter to declining demand in the construction and mining markets, against the backdrop of lower crude oil prices, resulting in lower sales and profit. - FY2020-Q3WorsenedAnnual report
「In North America, sales were flat as demand declined in the construction and mining markets. As a result, sales were ¥5,116 million, down ¥15 million (0.3%) from the same cumulative period of the previous fiscal year, while segment profit was ¥620 million, down ¥57 million (8.5%).」
Demand in North America's construction and mining markets shifted from the stable conditions seen through the previous period to a decline, with sales down 0.3% year on year and segment profit down 8.5%. - FY2020-Q2Revenue growth coexisting with uncertainty over the economic outlookAnnual report
「In North America, sales increased in the construction and mining markets, but the economic outlook remained uncertain.」
In North America, sales in the construction and mining markets increased, while uncertainty over the economic outlook was clearly evident, with stable demand coexisting with concerns over the external environment. - FY2020-Q1RestatedAnnual report
「In North America, sales in the construction and mining markets remained firm, and sales increased. As a result, sales were ¥1,864 million, up ¥188 million, or 11.2%, from the same cumulative period of the previous year on a consolidated basis, while segment profit was ¥267 million, up ¥6 million, or 2.5%.」
In North America, strength in the construction and mining markets continued, with sales up 11.2% and segment profit up 2.5%. - FY2019RestatedAnnual report
「In North America, the construction and mining markets remained firm, and sales increased.」
The North American construction and mining markets are described as remaining firm, and the report does not state that the previous weakness in demand had recurred. - FY2019-Q3RestatedAnnual report
「In North America, conditions in the construction and mining markets remained stable, and sales increased. As a result, sales were ¥5,132 million, up ¥566 million, or 12.4%, from the same cumulative period of the previous year on a consolidated basis, while segment profit was ¥678 million, up ¥61 million, or 10.0%.」
The North American construction and mining markets remained stable, with sales up 12.4% and segment profit up 10.0%. The report does not state that the previous weakness in demand had recurred. - FY2019-Q2RestatedAnnual report
「In North America, conditions in the construction and mining markets remained stable, and sales were broadly unchanged from the previous year.」
The North American construction and mining markets are described as remaining stable. Sales were ¥3,490 million, up 5.2% year on year, and segment profit was up 0.4%. - FY2019-Q1RestatedAnnual report
「In North America, conditions in the construction and mining markets remained stable, and sales were broadly unchanged from the previous year.」
The North American construction and mining markets are described as remaining stable. Although sales declined 0.8% year on year and segment profit declined 5.7%, the report does not state that the previous weakness in demand had recurred. - FY2018MitigatedAnnual report
「In the North American market, favourable conditions continued, including increased construction-market demand and a recovery trend in the mining market, amid expectations of tax cuts and infrastructure investment under the new administration, resulting in higher sales.」
In North America, increased construction-market demand and the mining market’s recovery trend continued, with sales up 19.9% and segment profit up 5.3%. Improvement from the previous weakness in demand caused by lower resource prices was also confirmed for the full year. - FY2018-Q3MitigatedAnnual report
「Favourable conditions continued, including increased construction-market demand and a recovery trend in the mining market, amid expectations of tax cuts and infrastructure investment under the new administration. As a result, sales were ¥4,566 million, up ¥822 million, or 22.0%, from the same cumulative period of the previous year on a consolidated basis, while segment profit was ¥617 million, up ¥56 million, or 10.1%.」
In North America, increased construction-market demand and the mining market’s recovery trend continued, with sales up 22.0% and segment profit up 10.1%, indicating continued improvement from the previous weakness in demand. - FY2018-Q2MitigatedAnnual report
「In North America, demand in the construction market increased on expectations of infrastructure investment, while demand in the mining market remained strong due to higher gold prices, resulting in higher sales. As a result, sales were ¥3,317 million, up ¥980 million, or 41.9%, from the same cumulative period of the previous year on a consolidated basis, while segment profit was ¥498 million, up ¥101 million, or 25.4%.」
In North America, strong demand in the construction and mining markets continued, with sales up 41.9% and segment profit up 25.4%, indicating continued improvement from the previous weakness in demand. - FY2018-Q1MitigatedAnnual report
「Sales increased as expectations for infrastructure investment under the new administration boosted demand in the construction market and the mining market remained on a recovery trend.」
In contrast to the previous weakness in North American demand caused by lower resource prices, the report describes increased construction-market demand and a recovery trend in the mining market, with North American sales up 41.9% year on year. - FY2017-Q3RestatedAnnual report
「In North America, some activity increased following the end of the presidential election, but sales declined as demand in the mining market remained sluggish due to lower resource prices, while demand for oilfield and gas-field development also remained sluggish due to lower crude oil and gas prices.」
Although some activity increased after the presidential election, the report continues to cite weak North American demand and lower sales due to lower resource, crude oil and gas prices. - FY2017-Q2RestatedAnnual report
「In North America, sales declined as demand in the mining market remained sluggish due to lower resource prices, while demand for oilfield and gas-field development remained sluggish due to lower crude oil and gas prices.」
In North America, sluggish demand and lower sales due to lower resource, crude oil and gas prices have continued. - FY2017-Q1First statedAnnual report
「In North America, sales declined due to continued sluggish demand in the mining market caused by lower resource prices, as well as sluggish demand for oilfield and gas-field development caused by lower crude oil and gas prices. As a result, sales were ¥1,190 million, down ¥557 million, or 31.9%, from the same cumulative period of the previous year on a consolidated basis, while segment profit was ¥199 million, down ¥56 million, or 22.2%.」
The report states that lower resource and energy prices became evident in demand from North American mining, oilfield and gas-field markets and in operating performance.