Decline in orders due to reduced capital investment
First written in FY2016. 9 of 26 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
Raiznext moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 21 of 36 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Completed construction revenue increased year on year in all sectors. The main factors were an increase in periodic repair work in the maintenance sector, an increase in maintenance work in the tank sector, and an increase in large-scale projects in the engineering sector.」
In response to the risk of declining orders due to restrained capital investment and the contraction of existing markets, completed construction revenue increased in all three fields: maintenance, tanks and engineering. - 2026-05-13MitigatedRevision of earnings forecasts
「Although orders received decreased year on year in the engineering sector, overall orders received increased as the company captured solid demand in the maintenance and tank sectors.」
Despite a decrease in orders received in some areas, the company captured demand in the maintenance and tank sectors, resulting in a 16.4% year-on-year increase in total orders received. - FY2026-H1MitigatedAnnual report
「Orders received and completed construction revenue increased year on year in all three fields: maintenance, tanks and engineering.」
In response to the risk of declining construction orders due to reduced capital investment and other factors, orders received and completed construction revenue increased year on year in all fields in the first half of fiscal 2025. - FY2025MitigatedAnnual report
「In addition to working to maintain and expand operating performance by meeting maintenance demand for measures addressing the aging of existing plants and their safe and stable operation, the company aims to expand orders in new areas such as carbon-neutral projects.」
In response to the risk of declining existing capital investment, the company identifies maintenance for aging facilities and safe, stable operation, carbon-neutral projects, and infrastructure development demand at closed refineries and idle land as measures to address the risk. - FY2024MitigatedAnnual report
「Demand is expected to emerge for infrastructure development work aimed at making effective use of closed refineries and idle land, and the company considers capturing this demand a challenge.」
In response to the existing risk of declining capital investment, the company indicates that it will capture new demand for infrastructure development at closed refineries and idle land, as well as demand related to renewable energy and other areas. - FY2023-Q3MitigatedAnnual report
「Orders received were ¥97,629 million, up 9.0% year on year, and completed construction revenue was ¥102,509 million, up 9.3% year on year.」
Against a backdrop of increased periodic repair work and higher orders for projects scheduled for construction in the next fiscal year, orders received and completed construction revenue increased year on year, mitigating the risk of declining construction orders due to the reversal of the previous fiscal year's high volume of periodic repair work based on actual results for the period. - FY2022MaterialisedAnnual report
「As there was less periodic repair work in the current fiscal year, orders received and completed construction revenue declined for the full fiscal year. Maintenance 90,167, down 10.9%」
The decline following the previous fiscal year's high volume of periodic repair work materialized, with maintenance orders received down 10.9% year on year and completed construction revenue down 14.1%. - FY2022-Q3RestatedAnnual report
「The previous fiscal year was one in which there was a high volume of oil- and petrochemical-related periodic repair work in the maintenance field, but orders received and completed construction revenue are expected to decline for the full fiscal year because there will be less such work in the current fiscal year.」
The company continues to state that the order environment is expected to deteriorate, with orders received and completed construction revenue expected to decline for the full fiscal year due to the reversal of the previous fiscal year's high volume of periodic repair work. - FY2022-Q2RestatedAnnual report
「The previous fiscal year was one in which there was a high volume of oil- and petrochemical-related periodic repair work in the maintenance field, but orders received and completed construction revenue are expected to decline for the full fiscal year because there will be less such work in the current fiscal year.」
The company continues to identify the expected full-year decline in orders received and completed construction revenue due to the reversal of the previous fiscal year's high volume of periodic repair work as a risk affecting the order environment. - FY2022-Q1Expected decline in orders received due to less periodic repair workAnnual report
「The previous fiscal year was one in which there was a high volume of oil- and petrochemical-related periodic repair work in the maintenance field, but orders received and completed construction revenue are expected to decline in the current fiscal year because there will be less such work.」
Following the high volume of periodic repair work in the previous fiscal year, work volume is lower in the current fiscal year, and orders received and completed construction revenue are expected to decline. Orders received in the first quarter declined 4.4% year on year. - FY2021MaterialisedAnnual report
「Orders received were affected by the cancellation and postponement of capital investment due to the impact of the novel coronavirus disease. New facility construction 11,502, down 66.7% year on year」
Cancellations and postponements of capital investment materialized as a decline in orders received, with orders received for new facility construction down 66.7% year on year. - FY2021-Q3MaterialisedAnnual report
「Orders received for new facility construction declined substantially from the same period of the previous year. This was due to the large volume of new facility construction included when the pre-integration order backlog of JX Engineering was accepted as RAIZNEXT Corporation's orders received at the time of the business integration in the second quarter of the fiscal year ended March 2020, as well as intensified competition resulting from the overall decline in construction projects, the postponement of some projects due to the impact of infectious diseases, and the cancellation of construction plans due to declining product demand.」
The disclosure states that orders received for new facility construction declined substantially year on year. The factors cited were the reversal of the prior year's acceptance of the order backlog associated with the business integration, fewer construction projects, intensifying competition, postponements due to infectious diseases, and cancellations of plans due to declining product demand. - FY2020RestatedAnnual report
「In the oil and petrochemical fields, demand for petroleum products is expected to decline in the future, and industry and facility restructuring are progressing, making large-scale capital investment unlikely. However, demand for maintenance to address the aging of plants and ensure their safe and stable operation remains firm, and the company is working to maintain and expand operating performance by meeting this demand.」
The company continues to identify declining demand for petroleum products, industry and facility restructuring, and the lack of expected large-scale capital investment as risks affecting the order environment. - FY2020-Q3RestatedAnnual report
「Orders received increased 79.0% year on year to ¥128,530 million, while completed construction revenue increased 19.6% year on year to ¥85,723 million. Orders received increased substantially year on year because, in the second quarter, the order backlog held by JX Engineering before the business integration was accepted as RAIZNEXT Corporation's orders received for the current fiscal year.」
Orders received increased 79.0% year on year, but the main reason was explained as the acceptance of JX Engineering's pre-integration order backlog. The risk of declining orders due to reduced capital investment was described in the risk section as involving no material changes. - FY2020-Q2Increase in orders received due to business integrationAnnual report
「Orders received increased 96.7% year on year to ¥101,091 million, as the order backlog held by JX Engineering before the business integration was accepted as orders received by RAIZNEXT Corporation.」
Orders received increased 96.7% year on year, but the increase was attributed to the acceptance of JX Engineering's pre-integration order backlog. - FY2019-Q3MitigatedAnnual report
「Orders received increased 14.4% year on year to ¥71,814 million, while completed construction revenue, which represents sales, increased 11.6% year on year to ¥71,692 million.」
During the first nine months, orders received and completed construction revenue increased year on year, and the risk of declining construction orders remained mitigated based on actual results for the period. - FY2019-Q2MitigatedAnnual report
「Orders received increased 10.8% year on year to ¥51,399 million, while completed construction revenue, which represents sales, declined 2.8% year on year to ¥43,789 million.」
Orders received increased 10.8% year on year, mitigating the risk of declining construction orders based on actual results for the cumulative period. Completed construction revenue, however, declined 2.8% year on year. - FY2019-Q1Expected improvement in the order environment for periodic repair workAnnual report
「The group expects scheduled repair projects in the fiscal year ending March 2019 to increase from the previous fiscal year and anticipates continued demand for plant reinforcement projects, modification and renovation projects to address aging and ensure stable operations, and new plant construction projects for the production of high-function products. Accordingly, it will give top priority to securing orders for these projects and work to maintain profitability by reducing the cost of direct construction expenses and continuously cutting overhead in response to rising material prices, labor costs and subcontract processing costs.」
Work volume was expected to increase in the current fiscal year from the previous fiscal year, when it declined because periodic repair work was in a transition period. However, the existing issues affecting the order environment, including the contraction of the domestic market and intensifying competition, were described in the Business and Other Risks section as involving no material changes. - FY2018-Q3MaterialisedAnnual report
「Under these conditions, in the fiscal year ending March 2018, periodic repair work was in a transition period, and there was particularly little such work in the second half. Although the company worked to secure earnings through ongoing cost reductions, including stronger earnings management, improved operating efficiency and lower indirect costs, revenue and profit declined from the same period of the previous year.」
The transition period for periodic repair work and the decline in work volume materialized as lower revenue and profit. During the first nine months, orders received, completed construction revenue, operating profit, ordinary profit and profit attributable to owners of the parent all declined year on year. - FY2018-Q2MitigatedAnnual report
「Under these conditions, in the fiscal year ending March 2018, periodic repair work was in a transition period, but work volume for periodic repair work during the first six months of the fiscal year exceeded expectations.」
The concern affecting the order environment that periodic repair work would be in a transition period continued, but work volume for the first six months exceeded expectations, according to the disclosure. - FY2018-Q1RestatedAnnual report
「Under these conditions, in the fiscal year ending March 2018, periodic repair work was in a transition period and work volume declined. In addition, competition with peers was expected to intensify as the domestic plant market in the oil and petrochemical industries contracted.」
The company continues to identify the transition period for periodic repair work, the contraction of the domestic plant market and intensifying competition with peers as risks affecting the order environment. - FY2017WorsenedAnnual report
「For the next fiscal year ending March 2018, periodic repair work will be in a transition period, and work volume is expected to decline. In addition, competition with peers is expected to intensify as the domestic plant market in the oil and petrochemical industries contracts.」
For the next fiscal year, the disclosure identifies the decline in work volume during the transition period for periodic repair work, the contraction of the domestic plant market and intensifying competition as specific factors worsening the order environment. - FY2017-Q3RestatedAnnual report
「Customers are taking a selective approach to maintenance investment and new capital investment.」
The company has reconfirmed that customers are undertaking capital investment and maintenance investment selectively rather than uniformly, resulting in a selective order environment. - FY2017-Q2RestatedAnnual report
「Regarding the business environment surrounding the group, the oil and petrochemical industries are selectively managing maintenance investment and new capital investment as the oil industry restructures to strengthen its competitiveness amid declining demand for petroleum products.」
The company has reconfirmed that customers are undertaking maintenance investment and new capital investment selectively rather than uniformly, resulting in a selective order environment. - FY2017-Q1RestatedAnnual report
「In the oil and petrochemical industries, amid the ongoing restructuring of the oil industry, customers continue to take a selective approach to maintenance expenses and capital investment,」
The company has reconfirmed that capital investment and maintenance spending are being undertaken selectively rather than uniformly, which remains a factor affecting the order environment. - FY2016First statedAnnual report
「If capital investment is cut by more than expected, this could affect operating performance.」
This is the risk of declining orders associated with a business structure based on maintenance of oil and petrochemical plants.