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Tokyo Automatic Machinery Works (6360) · RiskMitigated

Revenue decline in the packaging machinery segment due to more cautious domestic capital investment and the reaction to accelerated deliveries

First written in FY2017-Q1. 15 of 30 entries say "Mitigated", first in FY2017-Q2. Latest entry: 2026-10-30.

30entries
11years
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2017-Q2 – FY2018MitigatedFY2020-Q1 – FY2020MitigatedFY2025 – 2026-10-302016: 220162017: 420172018: 320182019: 320192020: 220202021: 320212022: 320222023: 420232024: 320242025: 120252026: 22026
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  1. 2026-10-30MitigatedEarnings

    「包装機械事業におきましては、競合他社との価格競争などによる厳しい事業環境ながら、菓子食品業界を中心に継続する自動化などの需要を取り込み、売上高は21億7千5百万円(前年同期売上高23億2千1百万円、6.3%減)となりました。利益面では、効率化と適正な価格転嫁により原価率が改善し、セグメント利益3千2百万円(前年同期セグメント損失7千7百万円)となりました。」

    価格競争が続く一方、自動化需要の取り込みと効率化・価格転嫁により、包装機械事業は前年同期の損失から利益へ転じている。
  2. FY2026MitigatedAnnual report

    「In the packaging machinery business, revenue was ¥6.541 billion (¥5.785 billion in the same period of the previous year, up 13.1%), as the company captured continuing demand for automation, mainly in the confectionery and food industries, despite a challenging business environment caused by price competition with competitors and other factors.」

    The packaging machinery business captured demand for automation and posted a 13.1% year-on-year increase in revenue. Segment profit also improved from ¥4 million to ¥407 million, further reducing the previous risks of declining revenue and losses.
  3. FY2025MitigatedAnnual report

    「In the packaging machinery segment, orders, including large-scale projects, remained solid as capital investment appetite continued amid demand for automation and labor saving, mainly in the confectionery and food industries, against a backdrop of labor shortages. Revenue was ¥5.785 billion (¥4.821 billion in the same period of the previous year, up 20.0%). Despite the challenging business environment caused by price competition with competitors and other factors, segment profit was ¥4 million (a segment loss of ¥59 million in the same period of the previous year) owing to the effect of higher revenue.」

    Against a backdrop of demand for automation and labor saving, the packaging machinery segment posted a 20.0% increase in revenue and turned a segment loss in the previous year into a ¥4 million profit. The impact of the previous risks of stagnant demand and declining revenue has diminished.
  4. FY2025-H1ReframedAnnual report

    「In the packaging machinery segment, inquiries and orders, particularly large-scale projects, remained solid as capital investment appetite continued amid demand for automation and labor saving, mainly in the confectionery and food industries. However, as many projects were scheduled to be recognized as revenue from the second half onward, revenue in the segment was ¥1.553 billion (¥1.663 billion in the previous interim accounting period, down 6.6%).」

    The decline in revenue in the packaging machinery segment was attributed not only to the previous factors of price competition and difficulties in procuring components, but also to the concentration of scheduled revenue recognition in the second half and thereafter despite solid orders received.
  5. FY2024WorsenedAnnual report

    「In the packaging machinery segment, as the impact of COVID-19 subsided and sales activities normalized, the company was forced to pursue orders in a challenging business environment, with price competition from competitors and difficulties in procuring components continuing in some areas. Under these conditions, revenue in the segment was ¥4.821 billion (¥5.041 billion in the same period of the previous year, down 4.4%), partly because some scheduled sales were pushed into the following fiscal year.」

    Although sales activities normalized, the packaging machinery segment posted a 4.4% decline in revenue because of price competition, difficulties in procuring components and sales being pushed into the following fiscal year.
  6. FY2024-Q3ReframedAnnual report

    「In the packaging machinery segment, orders received exceeded the same period of the previous year as sales activities normalized. However, difficulties in procuring components caused by supply chain disruptions continued in some areas, and revenue in the cumulative third-quarter period was ¥2.924 billion (¥3.067 billion in the same quarter of the previous year, down 4.7%).」

    The decline in revenue in the packaging machinery segment was attributed to supply chain disruptions and difficulties in procuring components, which offset the normalization of sales activities and growth in orders received. The year-on-year decline narrowed to 4.7% from 6.6% in the previous quarter, but revenue continued to decline.
  7. FY2024-Q2WorsenedAnnual report

    「In the packaging machinery segment, although the company conducted active sales activities, including sales visits and exhibiting at trade shows, difficulties in procuring components also had an impact. Revenue in the cumulative second-quarter period was ¥1.663 billion (¥1.780 billion in the same quarter of the previous year, down 6.6%). Segment loss was ¥184 million (segment loss of ¥101 million in the same quarter of the previous year), as the higher cost ratio resulting from persistently high raw material costs and increases in personnel expenses, sales activity expenses and other costs increased the fixed-cost burden.」

    Despite active sales activities, the packaging machinery segment posted a 6.6% decline in revenue, and loss widened from ¥101 million to ¥184 million because of difficulties in procuring components, persistently high raw material costs and a higher fixed-cost burden.
  8. FY2024-Q1WorsenedAnnual report

    「In the packaging machinery segment, as the impact of COVID-19 subsided, the company conducted active sales activities, including sales visits and exhibiting at trade shows. However, difficult component procurement conditions continued, and revenue was ¥604 million (¥666 million in the same quarter of the previous year, down 9.4%). Segment loss was ¥153 million (segment loss of ¥110 million in the same quarter of the previous year), as the higher cost ratio and increases in personnel expenses, sales activity expenses and other costs increased the fixed-cost burden.」

    Although the easing impact of the pandemic and more active sales activities were evident, difficulties in procuring components continued. The packaging machinery segment posted a 9.4% decline in revenue, and segment loss widened from ¥110 million to ¥153 million.
  9. FY2023Packaging machinery revenue increased, but component procurement difficulties and losses continuedAnnual report

    「In the packaging machinery segment, as the impact of COVID-19 gradually subsided and the company conducted active sales activities, difficulties in procuring components continued, forcing it to pursue orders in a challenging business environment. Under these conditions, revenue was secured at ¥5.041 billion (¥4.544 billion in the same period of the previous year, up 10.9%). Segment profit became a loss of ¥46 million (a profit of ¥20 million in the same period of the previous year), owing to the deterioration in the cost ratio caused by higher component prices and increases in selling, general and administrative expenses and other costs.」

    Revenue increased as sales activities became more active and the impact of the pandemic eased, but difficulties in procuring components continued, resulting in a segment loss because of higher component costs and selling, general and administrative expenses.
  10. FY2023-Q3Revenue increased despite sluggish order growth, but packaging machinery losses widenedAnnual report

    「In the packaging machinery segment, although orders received were sluggish in some areas as the impact of COVID-19 continued, revenue in the cumulative third-quarter period was ¥3.067 billion (¥2.868 billion in the same quarter of the previous year, up 6.9%), owing to the normalization of sales activities and the effects of exhibiting at trade shows. However, segment loss was ¥157 million (segment loss of ¥52 million in the same quarter of the previous year), as higher component costs, utility expenses and other price increases exerted significant pressure on profit.」

    Although some sluggishness in orders received continued, the packaging machinery segment posted a 6.9% increase in revenue owing to the normalization of sales activities and the effects of exhibiting at trade shows. However, segment loss widened because of increases in component costs, utility expenses and other costs.
  11. FY2023-Q1Packaging machinery revenue increased, but losses widenedAnnual report

    「In the packaging machinery segment, although the impact of COVID-19 continued, orders received in the cumulative first-quarter period increased by approximately 10% year on year, owing in part to the effects of sales visits and exhibiting at trade shows. Revenue was ¥666 million (¥645 million in the same quarter of the previous year, up 3.3%). However, segment loss was ¥110 million (segment loss of ¥83 million in the same quarter of the previous year), as the higher cost ratio and increases in personnel expenses, sales activity expenses and other costs increased the fixed-cost burden.」

    Orders received increased by approximately 10% year on year, owing in part to the effects of sales visits and exhibiting at trade shows, and revenue also increased 3.3%. However, segment loss widened because of higher costs, personnel expenses and sales activity expenses.
  12. FY2022Revenue continued to decline, while the packaging machinery segment returned to profitabilityAnnual report

    「In the packaging machinery segment, although orders received were trending toward recovery, the impact of COVID-19 continued and customers remained cautious about new capital investment. ... Revenue in the segment was ¥4.544 billion (¥5.001 billion in the same period of the previous year, down 9.1%). Segment profit increased selling, general and administrative expenses as sales activities recovered, but cost reductions resulted in a profit of ¥20 million (a loss of ¥15 million in the same period of the previous year).」

    Orders received were trending toward recovery, but revenue declined 9.1% because of customers' cautious stance toward new capital investment. However, the segment returned to profitability as a result of cost reductions.
  13. FY2022-Q3MitigatedAnnual report

    「In the packaging machinery segment, although the impact of COVID-19 continued, inquiries increased and orders received recovered, rising 60% year on year, following the resumption of sales activities and trade shows. However, revenue was ¥2.868 billion (¥3.860 billion in the same quarter of the previous year, down 25.7%). Segment loss was ¥52 million (segment profit of ¥33 million in the same quarter of the previous year), although performance improved from the cumulative second-quarter period, as the decline in revenue was compounded by higher sales activity expenses, development costs and other expenses.」

    The resumption of sales activities and trade shows and a 60% year-on-year increase in orders received indicated a recovery trend, and segment loss improved from the cumulative second-quarter period. However, the decline in revenue and losses continued.
  14. FY2022-Q2MitigatedAnnual report

    「In the packaging machinery segment, although the impact of COVID-19 continued, inquiries and orders received were trending upward as sales activities and trade shows resumed. However, owing in part to the low carried-forward order backlog at the beginning of the year, revenue was ¥1.739 billion (¥2.104 billion in the same quarter of the previous year, down 17.4%). Segment loss was ¥107 million (segment loss of ¥166 million in the same quarter of the previous year), as the decline in revenue was compounded by higher sales activity expenses, development costs and other expenses.」

    The resumption of sales activities and trade shows and the upward trend in orders received were evident, and the year-on-year decline in revenue narrowed. Segment loss also narrowed from ¥166 million in the same period of the previous year to ¥107 million, although the decline in revenue and losses continued.
  15. FY2022-Q1MaterialisedAnnual report

    「In the packaging machinery segment, although the impact of COVID-19 continued, orders received in the cumulative first-quarter period increased year on year as sales visits and some trade shows resumed. However, owing to the low order backlog at the beginning of the period, revenue was ¥645 million (¥799 million in the same quarter of the previous year, down 19.3%). Segment loss was ¥83 million (segment loss of ¥72 million in the same quarter of the previous year), as the decline in revenue was compounded by higher sales activity expenses and other factors.」

    Amid the continued impact of COVID-19, the packaging machinery segment posted a 19.3% decline in revenue because of its low order backlog at the beginning of the period, and its segment loss widened from the same period of the previous year.
  16. FY2021ReframedAnnual report

    「The confectionery and food industries, which are major customers, have also been significantly affected by the impact of the novel coronavirus that emerged at the end of the previous fiscal year, including reduced production due to sluggish sales. Depending on future developments, the impact on customers' capital investment may continue.」

    The risk factors have been redefined from cautious domestic capital investment and the reversal of front-loaded deliveries to reduced production in the confectionery and food industries and the impact of COVID-19 on capital investment.
  17. FY2020MitigatedAnnual report

    「In the packaging machinery division, demand for capital investment to address labor shortages, including overwrapping machines and bag-making and filling machines for the confectionery and food industries, remained steady, resulting in net sales of ¥5,157 million (¥4,856 million in the previous year, up 6.2%).」

    Demand for capital investment remained steady in the packaging machinery division, and sales increased 6.2%. The impact of the previously cited risk of lower sales due to sluggish demand has diminished.
  18. FY2020-Q3MitigatedAnnual report

    「In the packaging machinery division, sales of overwrapping machines and other products for the confectionery and food industries remained steady, resulting in net sales of ¥3,570 million (¥3,051 million in the same quarter of the previous year, up 17.0%) and segment profit of ¥164 million (¥157 million, up 4.3%).」

    The packaging machinery division posted sales growth of 17.0% and profit growth of 4.3%, indicating that the impact of the previously cited factors behind lower sales and profit has diminished.
  19. FY2020-Q1MitigatedAnnual report

    「In the packaging machinery division, sales of bag-making and filling machines and line system equipment for the confectionery and food industries remained steady, resulting in net sales of ¥1,055 million (¥853 million in the same quarter of the previous year, up 23.8%) and segment profit of ¥44 million (segment loss of ¥1 million in the same quarter of the previous year).」

    In the packaging machinery division, sales increased 23.8% year on year, and segment results turned profitable from a loss in the same period of the previous year. The impact of the previously cited factors behind lower sales has diminished.
  20. FY2019ReframedAnnual report

    「In the packaging machinery division, inquiries for various food packaging machines, bag-making and filling machines, and packaging line systems addressing demand for labor-saving equipment remained steady, and orders exceeded the previous year. However, sales of tobacco-related machinery decreased and orders were concentrated in the second half or later, resulting in net sales of ¥4,856 million (¥5,419 million in the previous year, down 10.4%).」

    The factors behind lower sales in the packaging machinery division have been redefined from cautious capital investment, the reversal of front-loaded deliveries and sluggish line system sales to lower sales of tobacco-related machinery and the concentration of orders in the second half or later.
  21. FY2019-Q3ReframedAnnual report

    「In the packaging machinery division, the Company actively pursued sales activities to capture capital investment demand associated with labor shortages. However, sluggish sales of line system-related products and other factors resulted in net sales of ¥3,051 million (¥3,868 million in the same quarter of the previous year, down 21.1%) and segment profit of ¥157 million (¥262 million, down 40.0%).」

    The factors behind lower sales and profit in the packaging machinery division are identified as sluggish sales of line system-related products, rather than the previously cited cautious domestic capital investment and the reversal of front-loaded deliveries.
  22. FY2019-Q2ReframedAnnual report

    「As a result, although orders exceeded the previous year, net sales were ¥1,891 million (¥2,237 million in the same quarter of the previous year, down 15.4%) and segment profit was ¥90 million (¥132 million, down 31.8%), because many sales projects were scheduled for the second half or later and sales of some packaging machines fell below expectations.」

    Rather than cautious domestic capital investment and the reversal of front-loaded deliveries cited in the previous period, the factors behind lower sales and profit in the packaging machinery division were the concentration of sales projects in the second half or later and some packaging machines falling short of expectations, indicating a change in the risk factors identified.
  23. FY2018MitigatedAnnual report

    「In the packaging machinery division, various packaging machines, bag-making and filling machines, and packaging line systems meeting demand for labor-saving equipment performed steadily, resulting in net sales of ¥5,419 million (¥5,133 million in the previous year, up 5.6%). Segment profit was ¥436 million (¥267 million, up 63.1%).」

    In the packaging machinery division, net sales increased 5.6% and segment profit increased 63.1%. The impact of lower sales from cautious domestic capital investment and the reversal of front-loaded deliveries seen in the previous fiscal year has diminished.
  24. FY2018-Q3MitigatedAnnual report

    「In the packaging machinery division, centered on gift packaging machinery for the confectionery and food industries, bag-making and filling machines, and line system equipment, net sales totaled ¥3,868 million (¥3,211 million in the same quarter of the previous year, up 20.5%). Segment profit was ¥262 million (¥183 million, up 43.1%).」

    In the packaging machinery division, net sales increased 20.5% year on year and segment profit increased 43.1%, indicating that the impact of lower sales from cautious domestic capital investment and the reversal of front-loaded deliveries has diminished further.
  25. FY2018-Q2MitigatedAnnual report

    「In the packaging machinery division, centered on gift packaging machinery for the confectionery and food industries, bag-making and filling machines, and line system equipment, net sales totaled ¥2,237 million (¥1,942 million in the same quarter of the previous year, up 15.2%). Segment profit was ¥132 million (¥79 million, up 67.1%).」

    In the packaging machinery division, net sales increased 15.2% year on year and segment profit also increased, indicating that the effects of cautious domestic capital investment and the reversal of front-loaded deliveries seen in the previous period have diminished further.
  26. FY2018-Q1MitigatedAnnual report

    「In the packaging machinery division, gift packaging machinery for the confectionery and food industries, bag-making and filling machines, and line system equipment performed well, resulting in net sales of ¥902 million (¥598 million in the same quarter of the previous year, up 50.6%). Segment profit was ¥16 million (segment loss of ¥39 million in the same quarter of the previous year).」

    In the packaging machinery division, net sales increased 50.6% year on year, and segment results turned profitable at ¥16 million from a loss in the previous year, indicating that the effects of sluggish demand and the reversal of front-loaded deliveries seen in the previous period have diminished.
  27. FY2017MitigatedAnnual report

    「In the packaging machinery division, gift packaging machinery and packaging line systems for the confectionery and food industries continued to perform steadily, as they had in the previous fiscal year. However, sales of tobacco-related machinery decreased, resulting in net sales of ¥5,133 million (¥5,218 million in the previous year, down 1.6%).」

    In the packaging machinery division, machinery and packaging line systems for the confectionery and food industries performed steadily, limiting the year-on-year decline in sales to 1.6%.
  28. FY2017-Q3MitigatedAnnual report

    「In the packaging machinery division, order conditions continued to improve through sales efforts after the first quarter, when they had remained sluggish because of limited carryover orders. Net sales were ¥3,211 million (¥3,548 million in the same quarter of the previous year, down 9.5%), and operating profit was ¥183 million (¥272 million, down 32.5%).」

    Sales efforts continued to improve order conditions, narrowing the year-on-year decline in sales from 14.4% in the first six months to 9.5%. However, lower sales and profit continued.
  29. FY2017-Q2MitigatedAnnual report

    「In the packaging machinery division, orders began to improve from the first quarter, when they had remained sluggish because of limited carryover orders. As a result, net sales were ¥1,942 million (¥2,270 million in the same quarter of the previous year, down 14.4%), and operating profit was ¥79 million (¥208 million, down 62.0%).」

    Orders in the packaging machinery division improved from the first quarter, narrowing the year-on-year decline in sales from 45.0% to 14.4%. However, sales and profit remained below the levels of the same period of the previous year, and the disclosure does not indicate that the risk has been eliminated.
  30. FY2017-Q1First statedAnnual report

    「In the packaging machinery division, domestic capital investment showed some signs of caution. In addition, sales were affected by the reversal of front-loaded deliveries made in the previous fiscal year in response to government subsidies and tax incentives for capital investment. As a result, net sales were ¥598 million (¥1,088 million in the same quarter of the previous year, down 45.0%), and the division posted an operating loss of ¥39 million (operating profit of ¥73 million in the same quarter of the previous year).」

    Cautious domestic capital investment and the reversal of front-loaded deliveries in the previous fiscal year resulted in lower sales and an operating loss in the packaging machinery division.
Moved together

"Deterioration in Earnings Due to Lower Profit Margins on Certain Projects" moved the same way as this thread, in the same document, in 15 of its 30 moves.

151212866★123456
  1. ★This thread
  2. 1Deterioration in Earnings Due to Lower Profit Margins on Certain Projects15×
  3. 2Strengthening the Financial Position12×
  4. 3Strengthening Cost and Quality Competitiveness12×
  5. 4Cash flow from operating activities turns positive8×
  6. 5Slowing Global Economy and Uncertainty Over the Economic Outlook6×
  7. 6Sales Dependence on Johnson & Johnson Vision Care6×

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Tokyo Automatic Machinery Works's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings of 2026-10-30: "Mitigated".
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