Strengthening the Engineering Business and Expanding Synergies with Adjacent Businesses

「In Large Food Processing Machinery Sales, although capital investment remained cautious due to higher energy costs and raw material prices, investment appetite among food manufacturers recovered against a backdrop of labor shortages and demand for automation and labor reduction. As sales of tunnel freezers, line systems and conveyors remained firm, sales amounted to ¥2,779 million, up 9.2% year on year.」

「In the Engineering Business, we will support customers addressing labor shortages at food factories and logistics sites and facility renovations necessitated by aging infrastructure, drawing on our strength of providing integrated in-house design, construction and maintenance services. We will also promote proposals for maintenance contracts and seek to build ongoing relationships with customers.」

「In Large Food Processing Machinery Sales, although capital investment remained cautious due to higher energy costs and raw material prices, investment appetite among some food manufacturers began to recover against a backdrop of labor shortages and demand for automation and labor reduction. As sales of tunnel freezers, line systems and conveyors remained firm, sales amounted to ¥2,619 million, up 6.4% year on year.」

「In Large Food Processing Machinery Sales, capital investment remained cautious, mainly among food manufacturers, due to higher energy costs and raw material prices, resulting in sales of ¥4,211 million, down 21.6% from the same quarter of the previous year. In Large Panel Refrigeration Equipment Sales, demand for logistics centers and refrigerated warehouses continued due to demand for cold-chain logistics facilities against the backdrop of the 2024 logistics issue, as well as full occupancy and aging facilities at refrigerated warehouses, mainly in major cities. Sales amounted to ¥11,058 million, up 18.3% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, capital investment remained cautious, mainly among food manufacturers, due to higher energy costs and raw material prices. Sales were also affected by fewer projects in the second quarter of the current year because projects had been concentrated in the fourth quarter of the previous year, resulting in sales of ¥2,462 million, down 24.0% from the same quarter of the previous year. In Large Panel Refrigeration Equipment Sales, demand for cold-chain logistics facilities remained firm against the backdrop of the 2024 logistics issue, but sales amounted to ¥6,164 million, down 2.4% from the same quarter of the previous year, as capital investment by convenience-store vendors and food factories showed signs of settling down.」

「In Large Food Processing Machinery Sales, capital investment remained cautious, mainly among food manufacturers, due to higher energy costs and raw material prices. In addition, fewer projects were recorded because projects had been concentrated in the fourth quarter of the previous year, resulting in sales of ¥775 million, down 60.0% from the same quarter of the previous year. In Large Panel Refrigeration Equipment Sales, demand for cold-chain logistics facilities remained firm against the backdrop of the 2024 logistics issue, but sales amounted to ¥2,542 million, down 17.6% from the same quarter of the previous year, as capital investment by convenience-store vendors and food factories showed signs of settling down.」

「In Large Food Processing Machinery Sales, capital investment by major food manufacturers, mainly in equipment for frozen foods and frozen boxed meals, continued in tunnel freezers, line systems and conveyors. As larger-scale projects increased and sales remained firm, sales amounted to ¥5,374 million, up 22.1% from the same quarter of the previous year. In Large Panel Refrigeration Equipment Sales, capital investment in food factories and process centers, mainly by supermarkets and convenience-store vendors, remained active, resulting in sales of ¥9,345 million, up 5.0% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, capital investment in tunnel freezers continued, mainly among major food manufacturers, and sales remained firm. Sales of line systems and conveyors that automate and reduce labor requirements in production, logistics and transport lines at food processing plants also increased as large-scale projects, including frozen boxed-meal and noodle lines, grew, resulting in sales of ¥3,241 million, up 4.4% from the same quarter of the previous year. In Large Panel Refrigeration Equipment Sales, capital investment in logistics centers and process centers driven by the expansion of food factories and e-commerce remained active, resulting in sales of ¥6,313 million, up 18.5% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, capital investment by major food manufacturers in tunnel freezers continued, and sales increased. Sales of line systems and conveyors that automate and reduce labor requirements in production, logistics and transport lines at food processing plants also increased as large-scale projects, including frozen boxed-meal and noodle lines, grew, resulting in sales of ¥1,937 million, up 32.6% from the same quarter of the previous year. In Large Panel Refrigeration Equipment Sales, capital investment in logistics centers driven by the expansion of food factories and e-commerce remained active, resulting in sales of ¥3,086 million, up 62.2% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, capital investment appetite recovered, mainly among major food manufacturers and convenience-store vendors, and tunnel freezer sales increased with demand for frozen foods and chilled boxed meals. In addition, sales from ongoing projects for food factories were recognized following the application of the revenue recognition accounting standard and related standards, resulting in sales of ¥7,420 million, up 54.5% year on year. In Large Panel Refrigeration Equipment Sales, capital investment in food factories and logistics warehouses driven by the expansion of e-commerce remained active, and sales of large-scale projects remained firm.」

「In Large Food Processing Machinery Sales, sales of tunnel freezers increased as capital investment appetite among food manufacturers and others recovered and demand for frozen foods and chilled boxed meals increased. As a result, sales amounted to ¥4,402 million, up 41.2% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, tunnel freezer sales increased as capital investment appetite among food manufacturers and others continued to recover and demand for frozen foods and chilled boxed meals increased. In addition, sales from ongoing projects for food factories and other projects were recognized following the application of the revenue recognition accounting standard and related standards. As a result, sales amounted to ¥3,105 million, up 22.9% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, tunnel freezer sales increased as capital investment appetite among food manufacturers and others continued to recover and demand for frozen foods increased. Sales of line systems and conveyors that automate and reduce labor requirements in production, logistics and transport lines at food processing plants remained at approximately the previous year's level due in part to delays in large-scale projects. In addition, sales from ongoing projects for food factories and other projects were recognized following the application of the revenue recognition accounting standard and related standards. As a result, sales amounted to ¥1,461 million, up 133.5% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, sales of tunnel freezers declined due to project postponements and delays in contract execution caused by the spread of COVID-19. Sales of line systems and conveyors that automate and reduce labor requirements in production, logistics and transport lines at food processing plants increased year on year in the first half, mainly among food manufacturers, but declined in the second half as capital investment plans became more cautious amid an uncertain economic outlook. As a result, sales amounted to ¥4,802 million, down 33.9% year on year.」

「In Large Food Processing Machinery Sales, sales of tunnel freezers declined due to project postponements and delays in contract execution caused by COVID-19. Meanwhile, sales of line systems and conveyors that automate and reduce labor requirements in production, logistics and transport lines at food processing plants increased year on year, mainly among food manufacturers. As a result, sales amounted to ¥3,117 million, down 25.4% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, sales of tunnel freezers declined due to project postponements and delays in contract execution caused by COVID-19. Meanwhile, sales of line systems and conveyors that automate and reduce labor requirements in production, logistics and transport lines at food processing plants increased substantially year on year, mainly among food manufacturers. As a result, sales amounted to ¥2,526 million, up 13.5% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, demand remained among food manufacturers, but delivery delays and project postponements were frequent due to the spread of COVID-19, resulting in sales of ¥625 million, down 35.8% from the same quarter of the previous year.」

「In the Engineering Business, we will strengthen our capabilities in designing and constructing large refrigerated warehouses and support customers advancing consolidation and rationalization in response to labor shortages, including food factories, logistics warehouses, supermarket process centers, food wholesalers, pharmaceutical wholesalers and online retailers. We will also promote proposals for maintenance contracts and seek to build ongoing relationships with customers.」

「In Large Food Processing Machinery Sales, deliveries of tunnel freezers, mainly to food manufacturers, were concentrated in the fourth quarter, resulting in sales of ¥4,178 million, down 32.2% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, inquiries for tunnel freezer replacements and new installations, mainly among food manufacturers, remained high, but deliveries were concentrated from the third quarter onward, resulting in sales of ¥2,224 million, down 46.9% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, inquiries for tunnel freezer replacements and new installations, mainly among food manufacturers, remained strong, but deliveries were concentrated from the third quarter onward, resulting in sales of ¥974 million, down 33.8% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, demand for tunnel freezer replacements and new installations, mainly among food manufacturers, remained firm, and sales increased 5.9% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, sales increased 9.4% from the same quarter of the previous year, driven by replacements and new installations of tunnel freezers, mainly by food manufacturers.」

「In Large Food Processing Machinery Sales, inquiries for tunnel freezers used in the cooling processes for frozen and chilled foods remained strong, but sales decreased 5.7% from the same quarter of the previous year because fewer projects were delivered during the first quarter of the current consolidated cumulative period than in the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, investment in automated cooling processes increased, mainly among food manufacturers, increasing demand for tunnel freezers used in the cooling processes for frozen and chilled foods. Their applications also expanded to the pre-cooking processing of ingredients for the food-service industry, and sales in this business increased sharply by 36.8% year on year.」

「In Large Food Processing Machinery Sales, demand for tunnel freezers used in the cooling processes for frozen and chilled foods increased as investment in automated cooling processes increased, mainly among food manufacturers, and sales increased 41.5% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, sales of tunnel freezers remained firm as the number of large-scale projects at food factories increased, sales of tunnel freezers using natural refrigerants grew, and capital investment demand for the integration and automation of food factories increased. Sales increased 61.7% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, sales of tunnel freezers remained firm as demand for capital investment increased for the integration, consolidation, efficiency improvement and automation of food factories, and sales increased 45.2% from the same quarter of the previous year.」

「③ In the Engineering Business, we will strengthen our design capabilities for large refrigerated warehouses and support customers advancing consolidation and rationalization in response to labor shortages, including food factories, logistics warehouses, supermarket process centers, food wholesalers and online retailers.」

「In Large Food Processing Machinery Sales, sales of tunnel freezers remained firm as demand for capital investment increased for the integration, consolidation, efficiency improvement and automation of food factories, and sales increased 18.3% from the same quarter of the previous year.」

「In Large Food Processing Machinery Sales, sales of tunnel freezers remained firm on demand for equipment renewals and expansions at food factories, and sales increased 20.6% from the same quarter of the previous year.」

「We will strengthen the Engineering Business, establish proprietary technologies, win large-scale projects and increase market share by strengthening our sales capabilities, while expanding synergies with the panel, tunnel freezer and conveyor line businesses.」