Addressing Regional Challenges and Providing Added Value Through Specialization

「Europe: Orders from OEMs remained firm, and sales of oil-free scroll compressors were strong. Development of other OEM customers also progressed.」

「For compressor products, sales in the United States showed signs of recovery despite changes in the business environment associated with trade policy, while expanded sales of compressors for Brazil's vehicle-mounted market drove revenue growth.」

「(Other) ↑ Sales of medium-sized compressors increased as supply and sales systems were established in India」

「For compressor products, sales of medium-sized compressors in India's general-purpose market fell below the previous fiscal year, while sales of small-sized compressors increased. In East Asia, demand for small-sized compressors for the general-purpose market expanded and drove overall performance.」

「For compressor products, sales of compressors for vehicle-mounted and medical applications increased in the United States and Brazil. … A new assembly line is being established for medium-sized compressors currently imported as finished products from the Chinese subsidiary Shanghai Sikluo Compressor Co., Ltd., to provide greater flexibility in delivery schedules. In Southeast Asia, training for sales staff at subsidiaries and local distributors is continuing.」

「For compressor products, sales were driven by continued strong sales of compressors for vehicle-mounted applications in the United States and Brazil.」

「For compressor products, sales grew overall as part of the capital investment undertaken in India during the first quarter of the consolidated fiscal period to expand production capacity was completed, and sales-channel development in Thailand proved successful.」

「For compressor products, demand for general-purpose compressors expanded, supported by solid corporate capital investment appetite, while sales of oil-free compressors for medical and beauty applications increased.」

「For compressor products, compressors for general-purpose and specific markets in India performed strongly throughout the year. In Southeast Asia, sales-channel development for compressors targeting the general-purpose market progressed, and sales of compressors for medical applications increased.」

「For compressor products, sales have remained firm as sales channels, including those for compressors used in milking applications, have been developed. New customer development is also progressing steadily for compressors targeting specific markets such as medical and vehicle-mounted applications. … Following Europe, sales of compressors for milking applications began in Brazil, marking the start of sales-channel development in South America.」

「For compressor products, the impact of supply shortages for electrical equipment and other items has gradually eased as efforts focused on securing stable procurement have progressed. As supply lead times are returning to normal, orders are showing signs of recovery.」

「For compressor products, sales of oil-free compressors remained strong in EU countries. … Sales in China remained strong. … Sales of compressors for medical and vehicle-mounted applications increased in India.」

「Sales increased as demand expanded for exports by the Chinese subsidiary and for compressors for medical and vehicle-mounted applications sold by the Indian subsidiary.」

「Sales of compressor products remained strong in China and India, but sales activities stagnated in Southeast Asia due to lockdowns and other measures in response to the spread of COVID-19.」

「Sales of oil-free scroll compressors increased due to higher demand from food manufacturing and the success of promotional campaigns.」

「For compressor products, sales of medium-sized compressors increased as China recovered economically ahead of other markets, while sales of oil-free compressors for medical applications expanded significantly in India. In Southeast Asia, sales remained sluggish as political instability compounded the impact of COVID-19.」

「For compressor products, domestic sales in China expanded on increased demand for large oil-flooded screw compressors and compressors for vehicle-mounted applications. Sales also remained strong on exports by the local subsidiary, Shanghai Sikluo Compressor Co., Ltd., driving sales growth. In India, sales of oil-free compressors for medical applications continued to grow, as in the second quarter of the consolidated fiscal period. In Southeast Asia, however, the recovery in sales has been delayed because operating activity stagnated due to the impact of COVID-19. For compressor products, sales of oil-free compressors increased as demand was developed in milking and gas-filling applications.」

「Compressor products were affected by stagnant operating activity in China during the first quarter of the consolidated fiscal period, but sales are recovering to the same level as the previous consolidated fiscal year as domestic demand recovers. In India, sales of compressors for general manufacturing declined due to lockdown measures, but sales of oil-free compressors for medical applications increased as demand rose sharply following the resumption of production at the local subsidiary.」

「For compressor products, sales of compressors for general manufacturing applications remained sluggish in the United States as manufacturers suspended operations from the latter half of the quarter, but sales of oil-free compressors for medical applications increased significantly. Sales of oil-free compressors for medical applications also grew in Brazil.」

「In Southeast Asia and India, the Group is rebuilding its sales channels for coating equipment products, expanding sales of compressor units for medical applications in Indonesia, and preparing to focus on the Vietnamese market.」

「For compressor products, the Group entered into a capital alliance with E.M.S. CONCEPT SARL, a French compressor manufacturing and sales company, to further strengthen its sales expansion structure for vehicle-mounted compressor units as the shift toward oil-free compressors progresses.」

「Concept: “THINK GLOBALLY, ACT LOCALLY” for developing global niche markets For compressor products, the Group continues to expand sales of compressor units for vehicle-mounted and medical applications not only in China but also in India, ASEAN and other markets.」

「For compressor products, the increased proportion of proposal-based sales activities pursued over the years led to growth in sales in Japan of oil-free scroll compressors and medium-sized compressors. Overseas, sales of compressor units and ancillary equipment for medical applications continued to grow in emerging markets such as India and Brazil and in Asia, primarily China. Sales of vehicle-mounted compressor units for public transportation, including electric buses and railway vehicles, also continued to grow in areas outside China, including the United States and India.」

「Compressor products performed well in Japan, supported by firm capital investment demand, with sales of oil-free scroll compressors remaining strong. Sales of compressor units and ancillary equipment for medical applications, primarily in emerging markets such as India and Brazil, also continued to grow. Sales of vehicle-mounted compressor units for public transportation, including electric buses and railway vehicles, remained strong and continued to grow in areas outside China as well. Results from 上海斯可絡圧縮機有限公司, a Chinese compressor manufacturing and sales company newly included in the scope of consolidation, and ANEST IWATA SPARMAX CO., LTD., a Taiwanese subsidiary manufacturing and selling small compressors, also made significant contributions.」

「To further increase supply capacity for the compressor bodies of oil-free scroll compressors, whose market is expanding worldwide, the automated assembly line at the Fukushima Plant began operations.」

「Compressor products continued to perform well in Japan and overseas, supported by favorable capital investment conditions, with sales of oil-free scroll compressors remaining strong. Sales of compressor units for medical applications in emerging markets such as India and Brazil, and of vehicle-mounted compressor units for public transportation, including railway vehicles and electric buses, mainly in Asia, the Americas and Europe, continued to grow. Sales by 上海斯可絡圧縮機有限公司, which became a consolidated subsidiary in the previous fiscal year, also grew, primarily in China.」

「For compressor products, inquiries and deliveries of compressors for railway vehicles, including electric buses and new transportation systems, continued to perform well against the global trend toward tighter environmental regulations. For compressor systems for medical applications, the Group worked to raise awareness through participation in trade shows, primarily in Asia and emerging markets, and to develop distributors. It also pursued business expansion through growth in its compressor service business in Australia, the conversion of a compressor manufacturing and sales company in China into a consolidated subsidiary, and the strengthening of its production, sales and service structure in Europe.」

「For compressor products, deliveries of vehicle-mounted compressors, primarily in China, continued to perform well, while system proposals for medical compressors gained further traction, particularly in Asia and emerging markets. Overseas sales grew as the compressor business focused on services in Australia expanded and the range of models sold in Europe increased. In Japan, orders for proposal-based, high-value-added products also increased.」

「Sales of oil-free compressor units for vehicle-mounted systems in China and for medical applications in the United States and ASEAN continued to grow.」

「Compressor products performed well, including the core components business centered on oil-free scroll compressor bodies, units for railway vehicles and hybrid and electric buses, and system proposals for compressors for the medical market.」

「For the transportation equipment market, primarily public transportation, the Group exhibited at InnoTrans, a railway vehicle trade show held in Germany, and dedicated compressor units for railway vehicles and electric and hybrid buses performed well. System proposals incorporating compressors and vacuum equipment for the medical market were also well received in Asia, North America and emerging markets, leading to increased orders.」

「In China, deliveries of vehicle-mounted compressors increased, while proposals for compressor systems for medical applications received high praise and grew in the United States and emerging markets. The Group is seeking to increase market penetration further by exhibiting at trade shows and other events.」

「The Group is pursuing initiatives to propose solutions tailored more closely to the industrial characteristics and challenges of each region, and to create value by developing purpose-built equipment suited to specific applications rather than limiting itself to general-purpose products.」