Adjustment in construction machinery investment due to the 2024 construction and logistics issue
First written in FY2024. 2 of 6 entries say "Worsened", first in FY2025-H1. Latest entry: 2026-11-13.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「Domestic sales increased 4.2% year on year to ¥12,505.606 million as sales declines related to distribution inventory adjustments bottomed out while robust government construction investment continued, supported by measures to accelerate national resilience.」
Although domestic investment remained subdued because of construction and logistics regulations and distribution inventory adjustments, domestic sales bottomed out and domestic sales increased 4.2% year on year. - FY2026-H1Domestic sales decline, but rollers reach a bottomAnnual report
「Although robust government construction investment continued against the backdrop of measures to accelerate the National Resilience initiative, road maintenance machinery slowed. However, sales of the core roller products entered a bottoming trend as distribution inventory adjustments progressed, and domestic sales declined 4.8% year on year to ¥6,307.103 million.」
As construction machinery investment remained subdued amid continued overtime caps in the construction and logistics industries, domestic sales declined 4.8% year on year. Meanwhile, the company stated that sales of its core rollers were bottoming out as distribution inventory adjustments progressed. - FY2025-H1Construction machinery investment remains subdued under overtime capsAnnual report
「Although robust government construction investment continued against the backdrop of measures to accelerate the National Resilience initiative, restraint on construction machinery investment continued in response to repeated price revisions and overtime-cap regulations in the logistics and construction industries. Domestic sales therefore declined 11.0% year on year to ¥6,628.585 million.」
Construction machinery investment remained subdued ahead of overtime caps in the construction and logistics industries, and domestic sales declined 11.0% year on year. - FY2024First statedAnnual report
「Although robust construction investment continued against the backdrop of measures to accelerate the National Resilience initiative, investment in construction machinery stalled further in the face of repeated price revisions and the 2024 problem affecting the construction and logistics industries. Domestic sales therefore declined 5.8% from the previous consolidated fiscal year to ¥14,320.851 million.」
With construction machinery investment stagnating ahead of the 2024 construction and logistics issue, the company has, for the first time, identified as a separate theme the risk that domestic sales declined 5.8% year on year.