Delays in Materials Handling construction caused by extreme heat in the southern United States
First written in FY2024-Q2. 1 of 3 entries say "Materialised", first in FY2024-Q2. Latest entry: FY2025-H1.
1 other company's latest entry also says "Mitigated".
- FY2025-H1MitigatedAnnual report
「Material Handling recorded orders of ¥35,781 million, up 3.4% year on year, and revenue of ¥32,944 million, up 9.8%. However, it posted an operating loss of ¥106 million, compared with an operating loss of ¥1,637 million in the same period of the previous year.」
Material Handling's operating loss narrowed from ¥1,637 million in the same period of the previous year to ¥106 million, reducing the loss from the previous period, when delays in construction progress due to the impact of extreme heat in the southern United States and other factors were reported. - FY2024-Q3WorsenedAnnual report
「The company recorded an operating loss of ¥1,823 million, compared with an operating loss of ¥748 million in the same period of the previous year, due to lower sales in Japan, delays in construction progress at the U.S. subsidiary caused by extreme heat in the southern United States and other factors.」
Delays in construction progress due to the impact of extreme heat in the southern United States and other factors persisted, and Material Handling's operating loss widened from ¥748 million in the same period of the previous year to ¥1,823 million. - FY2024-Q2MaterialisedAnnual report
「The company recorded an operating loss of ¥1,637 million, compared with an operating loss of ¥74 million in the same period of the previous year, due to lower sales in Japan, delays in construction progress at the U.S. subsidiary caused by extreme heat in the southern United States and other factors, and higher selling, general and administrative expenses.」
Delays in construction progress caused by extreme heat in the southern United States and other factors have been specifically described for the first time as a factor contributing to the widening operating loss in the Materials Handling Business.