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Anest Iwata (6381) · FactMitigated

Increase in domestic orders for painting equipment driven by automotive production-related investment

First written in FY2017-Q3. 10 of 29 entries say "Worsened", first in FY2018-Q1. Latest entry: FY2026-H1.

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ProgressHeldSoftenedWorseAdvancedFY2019-Q3 – FY2021-Q2OtherFY2022-Q1 – FY2023-Q2WorsenedFY2024 – FY2025-H12017: 420172018: 320182019: 420192020: 320202021: 420212022: 320222023: 420232024: 320242025: 12025
Same theme, other companies
Growth in coating-equipment orders driven by investment related to automobile productionA theme 2 companies write about · 0 as a headwind · 1 as a tailwind

Anest Iwata moved to the "Worse" side of this theme in 2023.

0 other companies' latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
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  1. FY2026-H1MitigatedAnnual report

    「2. The increase in orders and order backlog in Japan was mainly attributable to increased capital investment related to the manufacture of building materials and automobiles.」

    For coating equipment in Japan, orders increased to ¥1,173 million and the order backlog to ¥2,020 million, driven by increased capital investment related to building materials and automobile manufacturing.
  2. FY2025-H1WorsenedAnnual report

    「3. The decline in orders outstanding in Japan was mainly attributable to a slower pace of winning capital investment projects related to the production of environmental equipment and industrial machinery.」

    Japan's coating equipment order backlog declined as the pace of securing capital investment projects related to environmental equipment and industrial machinery slowed. The scope of projects has broadened beyond the previous focus on investment related to automobile production.
  3. FY2024WorsenedAnnual report

    「During the fiscal year, coating-equipment orders totaled …¥1,603 million, down 17.5% year on year, and order backlog was ¥534 million, down 55.1%.」

    Annual coating-equipment orders and order backlog declined, reportedly due in Japan to the completion of deliveries for large projects and a slowdown in the pace of securing automobile-production-related investment projects, and in Other regions to a slowdown in wood-product-related investment projects in Indonesia.
  4. FY2024-Q3Diverging order trends by regionAnnual report

    「2. The decrease in order backlog in Japan was mainly attributable to lower capital investment related to automobile production, among other factors. 3. The decrease in orders received in China was mainly attributable to a slowdown in the pace of securing capital-investment projects related to automobile production, among other factors. 4. The increase in order backlog in Other was mainly attributable to higher capital investment related to automobile production in India, among other factors.」

    Coating-equipment orders and order backlog weakened in Japan and China due to lower automobile-related investment and a slowdown in the pace of securing projects, while order backlog increased in Other regions on the back of automobile-related investment in India.
  5. FY2024-Q2Diverging order trends by regionAnnual report

    「2. The increase in orders received in Japan was mainly attributable to higher capital investment related to the production of construction materials and electrical components, among other factors. 3. The decrease in order backlog in Japan was mainly attributable to lower capital investment related to automobile production, among other factors. 4. The increase in orders received and order backlog in Other was mainly attributable to higher capital investment related to automobile production in India and wood-product manufacturing in Indonesia, among other factors.」

    In Japan, orders related to construction materials and electrical components increased, while automobile-related order backlog declined. In Other regions, orders related to India and Indonesia increased.
  6. FY2024-Q1Diverging order trends by regionAnnual report

    「2. The increase in orders received in Japan was mainly attributable to higher capital investment related to the production of construction materials and electrical components, among other factors. 3. The decrease in order backlog in Japan was mainly attributable to the completion of deliveries for large projects secured during the nine months ended Q1 of the previous fiscal year, among other factors. 4. The decrease in order backlog in China was mainly attributable to reduced appetite for capital investment related to automobile production, among other factors.」

    In Japan, orders related to construction materials and electrical components increased, while order backlog declined following the completion of deliveries for large projects. In China, order backlog also declined due to lower appetite for automobile-related investment.
  7. FY2023WorsenedAnnual report

    「During the fiscal year, coating-equipment orders totaled …¥1,944 million, down 44.2% year on year, and order backlog was ¥1,190 million, down 36.5%.」

    Coating-equipment orders and order backlog declined on a full-year basis, reportedly due in Japan and China to a slowdown in the pace of securing automobile-related capital-investment projects.
  8. FY2023-Q3WorsenedAnnual report

    「2. The decrease in orders received in Japan was mainly attributable to a slowdown in the pace of securing capital-investment projects related to railcar and construction-equipment production, among other factors. 3. The decrease in orders received and order backlog in China was mainly attributable to a slowdown in the pace of securing capital-investment projects related to automobile and musical-instrument production, among other factors.」

    Coating-equipment orders declined in Japan and China, reportedly due to a slowdown in the pace of securing capital-investment projects related to railcars, construction equipment, automobiles and musical instruments.
  9. FY2023-Q2RestatedAnnual report

    「2. The decrease in orders received in Japan was mainly attributable to lower capital investment related to construction-equipment and machine-tool production, among other factors. 3. The increase in order backlog in Japan was mainly attributable to higher capital investment related to automobile production in the second half of the previous fiscal year. 4. The decrease in orders received and order backlog in China was mainly attributable to lower capital investment related to automobile and musical-instrument production.」

    Regional differences in order trends continued, with current-period orders declining while order backlog increased in Japan, and both orders and backlog declining in China.
  10. FY2023-Q1Diverging order trends by regionAnnual report

    「2. The decrease in orders received in Japan was mainly attributable to lower capital investment related to automobile production, among other factors. 3. The increase in order backlog in Japan was mainly attributable to higher capital investment related to automobile production in the second half of the previous fiscal year. 4. The decrease in orders received and order backlog in China was mainly attributable to lower capital investment related to automobile and musical-instrument production. 5. The increase in order backlog in Other was mainly attributable to higher capital investment related to automobile production in Thailand.」

    Coating-equipment orders in Japan declined during the period while order backlog increased, orders and backlog in China declined, and backlog in Other increased, mainly in Thailand.
  11. FY2022-Q3Diverging order trends by regionAnnual report

    「2. The increase in order backlog in Japan was mainly attributable to higher capital investment related to automobile production, among other factors. 3. The increase in orders received in Asia was mainly attributable to higher capital investment related to automobile production, among other factors. 4. The decrease in orders received in Other was mainly attributable to lower capital investment related to automobile production in Mexico, among other factors.」

    Coating-equipment orders increased in Japan and Asia on the back of investment related to automobile production, while declining in Other regions, including Mexico, with regional differences continuing.
  12. FY2022-Q2Diverging order trends by regionAnnual report

    「2. The decrease in orders received and order backlog in Japan was mainly attributable to restrictions on sales activities due to the impact of COVID-19, among other factors. 3. The increase in orders received and order backlog in Asia was mainly attributable to higher capital investment related to automobile and musical-instrument production, among other factors. 4. The decrease in orders received and order backlog in Other was mainly attributable to lower capital investment related to automobile production, among other factors.」

    Coating-equipment orders declined in Japan and Other, while increasing in Asia on the back of investment related to automobiles and musical instruments, with regional differences continuing.
  13. FY2022-Q1Diverging order trends by regionAnnual report

    「The decrease in orders received and order backlog in Japan was mainly attributable to restrictions on corporate activities due to the impact of COVID-19, among other factors. 3. The increase in orders received in Asia was mainly attributable to higher capital investment related to automobile and musical-instrument production in China, among other factors. 4. The decrease in orders received and order backlog in Other was mainly attributable to lower capital investment related to automobile production in Mexico.」

    Coating-equipment orders declined in Japan and Mexico, while increasing in Asia, led by China, on the back of investment related to automobiles and musical instruments, widening regional differences.
  14. FY2021WorsenedAnnual report

    「During the fiscal year, coating-equipment orders were …¥1,137 million in Japan, down 52.0% year on year, with an order backlog of ¥404 million, down 64.3%… In Asia, orders were ¥981 million, down 65.0%, with an order backlog of ¥784 million, down 27.3%.」

    Total coating-equipment orders were ¥2,186 million, down 58.8% year on year, and order backlog was ¥1,189 million, down 46.9%, with declines centered on Japan and Asia.
  15. FY2021-Q3WorsenedAnnual report

    「2. The decrease in orders received and order backlog in Japan was mainly attributable to lower capital investment related to automobile production, among other factors. 3. The decrease in orders received and order backlog in Asia was mainly attributable to restrictions on sales activities due to the impact of COVID-19, among other factors. 4. The decrease in orders received and order backlog in Other was mainly attributable to lower capital investment related to automobile production in Mexico, among other factors.」

    Coating-equipment orders decreased from ¥4,917 million to ¥1,556 million year on year, while order backlog declined from ¥3,534 million to ¥1,346 million. Factors cited included domestic investment related to automobiles, restrictions on sales activities in Asia and lower automobile-related investment in Mexico.
  16. FY2021-Q2AdvancedAnnual report

    「2. The increase in orders received and order backlog in Japan was mainly attributable to higher capital investment related to automobile production, among other factors.」

    Domestic coating-equipment orders were ¥779 million and the order backlog was ¥761 million, up from ¥261 million in the same period of the previous year.
  17. FY2021-Q1AdvancedAnnual report

    「The increase in orders received and order backlog in Japan was mainly attributable to higher capital investment related to automobile production, among other factors.」

    Domestic coating-equipment orders were ¥515 million and the order backlog was ¥1,582 million, up from the same period of the previous year on the back of higher capital investment related to automobile production.
  18. FY2020-Q3AdvancedAnnual report

    「2. The increase in orders received and order backlog in Japan was mainly attributable to higher capital investment related to automobile production, among other factors. 3. The increase in orders received and order backlog in Asia was mainly attributable to higher capital investment related to wood-product manufacturing in China, among other factors. 4. The increase in orders received and order backlog in Other was mainly attributable to higher capital investment related to automobile production in Mexico, among other factors.」

    Coating-equipment orders were ¥2,031 million in Japan, ¥2,716 million in Asia and ¥169 million in Other, while order backlog was ¥1,507 million in Japan, ¥1,438 million in Asia and ¥588 million in Other, all up from the same period of the previous year.
  19. FY2020-Q2AdvancedAnnual report

    「2. The increase in orders received and order backlog in Japan was mainly attributable to higher capital investment related to automobile and railcar production, among other factors. 3. The increase in order backlog in Asia was mainly attributable to higher capital investment related to wood-product manufacturing in China, among other factors. 4. The increase in orders received and order backlog in Other was mainly attributable to higher capital investment related to automobile production in Mexico, among other factors.」

    Coating-equipment orders were ¥677 million in Japan, ¥1,498 million in Asia and ¥168 million in Other, while order backlog increased to ¥261 million in Japan, ¥822 million in Asia and ¥582 million in Other.
  20. FY2020-Q1AdvancedAnnual report

    「The increase in orders received and order backlog in Japan was mainly attributable to higher capital investment related to automobile production, among other factors.」

    Domestic coating-equipment orders were ¥397 million and the order backlog was ¥791 million, up from ¥312 million and ¥307 million, respectively, in the same period of the previous year. The increase in capital investment related to automobile production was cited as a factor.
  21. FY2019AdvancedAnnual report

    「The increase in order backlog in Japan was mainly attributable to higher orders for coating equipment related to automobile production and medical-equipment production, among other factors.」

    Coating-equipment orders in Japan were ¥1,340 million and the order backlog was ¥455 million, with the backlog up 266.9% year on year.
  22. FY2019-Q3MitigatedAnnual report

    「2. The increase in orders received and order backlog in Japan was mainly attributable to higher capital investment related to automobile production.」

    Domestic coating-equipment orders and order backlog, which had declined through the previous quarter, recovered on the back of higher capital investment related to automobile production.
  23. FY2019-Q2WorsenedAnnual report

    「2. The decrease in order backlog in Japan was mainly attributable to lower capital investment related to automobile production.」

    Domestic coating-equipment orders exceeded the same period of the previous year, while the order backlog declined from ¥70 million to ¥54 million, reportedly due to lower capital investment related to automobile production.
  24. FY2019-Q1MitigatedAnnual report

    「2. The increase in orders received and order backlog in Japan was mainly attributable to higher capital investment related to automobile production.」

    Domestic coating-equipment orders and order backlog, which had declined in the previous period, recovered on the back of higher capital investment related to automobile production.
  25. FY2018-Q3WorsenedAnnual report

    「In Japan, equipment projects related to automobile production continued to generate orders, but some orders and backlog for the current period were shifted to deliveries in Asia, reducing the portion delivered in Japan.」

    Although equipment projects related to automobile production continued to generate orders, orders and backlog for delivery in Japan declined as some projects shifted to deliveries in Asia.
  26. FY2018-Q2WorsenedAnnual report

    「The decrease in orders received and order backlog in Japan was mainly attributable to lower capital investment related to automobile production.」

    Domestic coating-equipment orders were ¥424 million and the order backlog was ¥70 million, down from ¥580 million and ¥143 million, respectively, in the same period of the previous year.
  27. FY2018-Q1WorsenedAnnual report

    「The decrease in orders received and order backlog in Japan was mainly attributable to lower capital investment related to automobile production and lower project prices.」

    Domestic coating-equipment orders and order backlog declined due to lower capital investment related to automobile production and lower project prices.
  28. FY2017AdvancedAnnual report

    「During the fiscal year, orders received for coating equipment totaled ¥2,674 million, up 30.9% year on year, and the order backlog was ¥499 million, up 29.8%.」

    Annual orders received and order backlog for coating equipment both increased year on year.
  29. FY2017-Q3First statedAnnual report

    「The increase in orders received and order backlog in Japan was mainly attributable to higher capital investment related to automobile production.」

    Domestic coating-equipment orders were ¥1,459 million and the order backlog was ¥949 million, up from orders of ¥258 million and an order backlog of ¥183 million in the same period of the previous year.
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Increase in domestic orders for painting equipment driven by automotive production-related investment | ANEST IWATA Corporation (6381) | Komori