Difficulty winning large projects due to delayed capital investment plans and intensified price competition
First written in FY2017-Q2. 14 of 20 entries say "Restated". Latest entry: FY2027-H1.
Kimura Chemical Plants moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 15 of 33 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「With uncertainty over the economic outlook continuing, conditions remained challenging as competition intensified due to a decline in construction projects overall and some construction plans were postponed.」
In addition to customers becoming more cautious about capital investment, the disclosure cites a decline in construction projects overall, intensified competition and postponed construction plans. - FY2025RestatedAnnual report
「Caution toward capital investment continued due to factors weighing on corporate earnings, including worsening labor shortages, slowing overseas economies, sharp exchange-rate fluctuations and rising costs, particularly labor costs. However, maintenance and replacement investment for aging facilities, information technology and research and development investment less affected by economic conditions, environmental investment toward decarbonization, and investment in DX and labor-saving measures provided support, and business conditions remained firm.」
Customers continued to be cautious about capital investment against a backdrop of labor shortages, overseas economic conditions, exchange rates and rising costs, while maintenance and replacement, information technology, research and development, decarbonization, and DX and labor-saving investments provided support. - FY2024-Q3RestatedAnnual report
「In the Engineering business, while customers remained cautious about proactive capital investment against a backdrop of an uncertain economic outlook in Japan, the company actively pursued proposals highlighting its proprietary technologies, including energy conservation, in which it has particular expertise, to help realize a decarbonized society.」
The disclosure reconfirms that customers remained cautious about proactive capital investment against a backdrop of uncertainty over the outlook. - FY2024-Q2RestatedAnnual report
「Many customers remained cautious about capital investment due to higher raw material and fuel costs, sharp exchange-rate fluctuations, labor shortages and other factors, so scheduled repairs and maintenance work to ensure the stable operation of existing facilities became the main source of business.」
The disclosure reconfirms that, against a backdrop of higher raw material and fuel costs, exchange-rate fluctuations and labor shortages, many customers remained cautious about capital investment and scheduled repairs and maintenance work on existing facilities became the main focus. - FY2024-Q1RestatedAnnual report
「Companies' willingness to invest in facilities did not increase due in part to soaring resource and energy prices, and caution continued, with demand centered on replacing, maintaining and repairing existing facilities. However, investments in labor-saving and digitalization, environmental measures toward decarbonization, and a trend among some companies to plan and implement previously postponed investments provided support, and business conditions remained solid.」
Against a backdrop of soaring resource and energy prices, caution toward new capital investment and demand centered on replacing, maintaining and repairing existing facilities continued. Meanwhile, investments in labor-saving, digitalization and decarbonization, as well as the resumption of postponed investments, provided support. - FY2023-Q2RestatedAnnual report
「Amid continued uncertainty over the economic outlook, many customers remained cautious about capital investment, so scheduled repairs and maintenance work to ensure the stable operation of existing facilities became the main source of business.」
The disclosure reconfirms that, against a backdrop of uncertainty over the economic outlook, many customers remained cautious about capital investment and scheduled repairs and maintenance work on existing facilities became the main focus. - FY2023-Q1RestatedAnnual report
「In the Engineering business, while customers continued to remain cautious about new capital investment due in part to soaring energy and material prices, the company actively pursued proposals highlighting its proprietary technologies, including energy conservation, in which it has particular expertise.」
The disclosure reconfirms that customers continue to remain cautious about new capital investment due in part to soaring energy and material prices. - FY2022-Q3RestatedAnnual report
「In the Engineering business, while customers continued to remain cautious about proactive capital investment due to the prolonged impact of COVID-19, the company actively pursued proposals highlighting its proprietary technologies, including energy conservation, in which it has particular expertise.」
While customers continued to remain cautious about proactive capital investment, the company continued to pursue proposals highlighting its proprietary technologies, including energy conservation. - FY2021RestatedAnnual report
「Some projects are large in scale and require lengthy construction periods, creating risks of delivery and construction delays, difficulty securing labor, higher costs, and technical or quality problems, any of which could affect the operating results and financial condition of the Group.」
The company continues to disclose risks involving delivery schedules, staffing, costs, and technical and quality matters associated with large, long-term plant projects. - FY2021-Q3RestatedAnnual report
「In the Process Equipment business, while some customers were reducing planned and start-up construction work or postponing capital investment projects due to the spread of COVID-19, the company worked to secure orders for scheduled repairs and maintenance work on existing facilities.」
Customers' reductions in planned and start-up construction work and postponement of capital investment projects have continued. - FY2021-Q2WorsenedAnnual report
「In the engineering business, which designs, fabricates and installs chemical machinery and equipment, we actively made proposals highlighting our proprietary technologies, including energy conservation. However, orders remained sluggish as customers postponed or changed their domestic and overseas capital investment plans amid the global spread of COVID-19 and other factors.」
In addition to delays and changes to customers' capital investment plans, the disclosure explicitly cites sluggish growth in orders against a backdrop of the global spread of COVID-19. - FY2021-Q1WorsenedAnnual report
「In the Engineering business, as some customers were canceling or postponing new capital investment projects, the company actively pursued proposals highlighting its proprietary technologies, including energy conservation, in which it has particular expertise.」
In addition to customers' postponement of capital investment plans and the difficulty of winning large projects, the disclosure also mentions cancellations of new capital investment projects. - FY2020-Q3SoftenedAnnual report
「In the Engineering business, while many customers remained cautious about proactive capital investment, the company focused its sales efforts on customers planning large capital investments. Partly because it won large projects, orders and revenue progressed generally in line with plan.」
Customers remain cautious about capital investment, but sales efforts targeting customers planning large capital investments led to the winning of large projects, further easing the difficulty of securing large projects. - FY2020-Q1SoftenedAnnual report
「In the Engineering business, sales activities were conducted while many customers remained cautious about proactive capital investment, but orders exceeded the previous year partly because the company won large projects.」
Customers remain cautious about capital investment, but the company won large projects, indicating that the difficulty of winning large projects described previously has eased. - FY2019RestatedAnnual report
「Some projects are large in scale and require lengthy construction periods, creating risks of delivery and construction delays, difficulty securing labor, higher costs, and technical or quality problems, any of which could affect the operating results and financial condition of the Group.」
The company continues to disclose risks involving delivery schedules, staffing, costs, and technical and quality matters associated with large, long-term plant projects. - FY2019-Q1RestatedAnnual report
「Although there were no large projects, the Engineering business was able to exceed the previous year's orders by steadily accumulating small and medium-sized projects.」
The disclosure states that, while the absence of large projects continued, orders were secured by accumulating small and medium-sized projects. - FY2018RestatedAnnual report
「Some projects are large in scale and require lengthy construction periods, creating risks of delivery and construction delays, difficulty securing labor, higher costs, and technical or quality problems, any of which could affect the operating results and financial condition of the Group.」
The company continues to disclose risks involving delivery schedules, staffing, costs, and technical and quality matters associated with large, long-term plant projects. - FY2018-Q3RestatedAnnual report
「In the engineering business, which designs, fabricates and installs chemical machinery and equipment, we sought to expand orders by bringing together our technological and proposal capabilities for customers’ capital investment plans in Japan and overseas, but amid uncertainty over the outlook for the Japanese economy, we did not secure orders for projects as large as those in the previous fiscal year.」
The disclosure states that, against a backdrop of uncertainty over the domestic economic outlook, the company was unable to win as many large projects as in the previous fiscal year. - FY2018-Q1RestatedAnnual report
「In the Engineering business, delays in customers' plans, including large projects, meant that orders were not secured. As a result, first-quarter orders consisted of an accumulation of small projects.」
The disclosure states that delays in customers' plans for large projects continued, preventing orders from being secured and resulting in an accumulation of small projects. - FY2017-Q2First statedAnnual report
「We did not win large projects because customers delayed their capital investment plans or because price competition intensified.」
The Engineering business identified delays in customers' capital investment plans and intensified price competition as factors that prevented it from winning large projects.