Shift in the timing of revenue from painting equipment due to delays in construction of the customer's building
First written in FY2021-Q1. 4 of 7 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2023-Q3.
Anest Iwata moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 10 of 22 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「In the coating equipment products business, sales increased due to the delivery of projects in Southeast Asia that had been delayed for customer-related reasons.」
The company delivered coating equipment projects in Southeast Asia that had been delayed for customer-related reasons, mitigating the impact of shifts in sales timing caused by delivery delays. - FY2023-Q2MitigatedAnnual report
「In the coating equipment products business, sales increased due to the delivery of projects in Southeast Asia that had been delayed for customer-related reasons.」
The company delivered coating equipment projects in Southeast Asia that had been delayed for customer-related reasons, contributing to sales growth. - FY2022-Q2MaterialisedAnnual report
「In the coating equipment products business, sales declined because we were unable to conduct sales activities as planned due to the impact of COVID-19, and because there were no deliveries of large-scale projects such as those recorded in the previous consolidated fiscal year.」
Restrictions on sales activities due to the pandemic and the absence of deliveries of large-scale projects led to actual declines in coating equipment sales in Japan and other regions. In China, however, sales increased due to deliveries of delayed projects. - FY2022-Q1MaterialisedAnnual report
「In the coating equipment products business, although we were affected by delays in customers’ construction plans and other factors, orders for coating equipment for automotive parts remained firm as the economy recovered, and sales increased overall.」
Although the impact of delays in customers’ construction plans continued, firm orders for automotive parts coating equipment and the economic recovery drove growth in coating equipment sales in Asia. - FY2021MaterialisedAnnual report
「In the coating equipment products business, sales declined due to stagnation in sales activities resulting from the impact of COVID-19 and postponed deliveries caused by delays in customers’ construction plans.」
Postponed deliveries resulting from delays in customers’ construction plans continued throughout the fiscal year, contributing to lower coating equipment sales. - FY2021-Q2MaterialisedAnnual report
「In the coating equipment products business, sales declined due to restrictions on sales activities resulting from the impact of COVID-19, as well as postponed delivery dates caused by delays in customers’ construction plans.」
Restrictions on sales activities caused by the pandemic and delays in customers’ construction plans actually occurred, leading to postponed deliveries of coating equipment and lower sales. - FY2021-Q1First statedAnnual report
「Although our order backlog is increasing, delays in customers’ building construction due to the spread of infections could delay the installation work for delivering our equipment, potentially causing shifts in the timing of sales.」
Delays in customers’ building construction associated with the spread of infections were identified as a new risk that could affect the delivery work for coating equipment and the timing of revenue recognition.