Decline in demand for general industrial machinery in Japan and Asia-Pacific
First written in FY2017-Q2. 18 of 32 entries say "Mitigated", first in FY2017. Latest entry: 2026-08-06.
The whole theme swung hardest in 2020: 60 of 75 companies on the "Worse" side.
21 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedRevision to earnings forecasts
「The impact of lower plant operating rates in Southeast Asia continued against a backdrop of intensifying competition in petrochemical products. However, expanded sales in India resulted in segment net sales of ¥10.675 billion, up 17.8% year on year, and operating income of ¥1.801 billion, up 68.3%.」
Although weaker demand in Southeast Asia continued, expanded sales in India produced higher revenue and profit for the business overall, reducing the impact of declining demand. - FY2026RestatedAnnual report
「Plant utilization rates in Southeast Asia continued to decline amid intensifying competition in petrochemical products, reducing replacement demand. Segment net sales were ¥39.492 billion, down 3.3% year on year.」
The decline in plant utilization rates and replacement demand in Southeast Asia continued and was reflected in lower sales in the general industrial machinery business. Meanwhile, operating income increased due to higher after-sales service sales in India. - 2026-05-13WorsenedRevision to earnings forecasts
「In this business, lower plant operating rates in Southeast Asia continued amid intensifying competition in petrochemical products, while repair demand contracted. As a result, segment net sales fell 3.3% year on year to ¥39.492 billion. Operating income rose 6.7% to ¥5.747 billion, mainly due to increased after-sales service in India.」
Net sales declined as lower plant operating rates in Southeast Asia and contracting repair demand weighed on results, strengthening the impact of declining demand for general industrial machinery. Increased after-sales service in India, however, supported profit. - FY2026-H1WorsenedAnnual report
「Plant utilization rates in Southeast Asia declined amid intensifying competition in petrochemical products, reducing replacement demand. Segment net sales were ¥18.567 billion, down 8.0% year on year, and operating income was ¥2.159 billion, down 18.7%.」
The general industrial machinery business, which had been considered strong through the prior period, posted lower revenue and profit as plant utilization rates and replacement demand in Southeast Asia declined, indicating that the impact of declining demand has strengthened again. - FY2025AdvancedAnnual report
「India and the Asia-Pacific region performed well throughout the year. Replacement demand for oil refining and petrochemical plants, particularly in Southeast Asia, increased, resulting in segment net sales of ¥40.836 billion, up 6.2% year on year, and operating income of ¥5.384 billion, up 66.8%.」
Strong demand in India and the Asia-Pacific region and increased replacement demand in Southeast Asia resulted in revenue and profit growth in the general industrial machinery business. - FY2025-H1MitigatedAnnual report
「Increased sales for new plant projects and strong replacement demand in India and the Asia-Pacific region resulted in segment net sales of ¥20.175 billion, up 10.9% year on year, and operating income of ¥2.657 billion, up 216.5%.」
Sales for new plant projects and replacement demand in India and the Asia-Pacific region were strong, and the general industrial machinery business posted revenue and profit growth, weakening the impact of declining demand. - FY2024MitigatedAnnual report
「The business performed well in India, the Asia-Pacific region and Japan, resulting in segment net sales of ¥38.460 billion, up 13.9% year on year, and operating income of ¥3.228 billion, up 13.8%.」
Demand for general industrial machinery in Japan and the Asia-Pacific region was strong across all regions, and the impact of declining demand weakened as reflected in revenue and profit growth. - FY2024-Q3RestatedAnnual report
「The recovery in customer operations, mainly overseas, drove segment net sales of ¥28.469 billion, up 14.0% year on year. Operating income was ¥1.962 billion, down 11.8%, due mainly to higher costs related to new projects.」
Revenue growth driven by the recovery in overseas customer operations continued, but profit declined due to higher costs related to new projects. No new deterioration in the risk of declining demand in Japan and the Asia-Pacific region is indicated. - FY2024-Q2RestatedAnnual report
「The recovery in customer operations, mainly overseas, drove segment net sales of ¥18.192 billion, up 15.8% year on year, and operating income of ¥839 million, up 10.7%.」
The general industrial machinery business continued to post revenue and profit growth as overseas customer operations recovered, maintaining the reduced impact of declining demand in Japan and the Asia-Pacific region. - FY2024-Q1MitigatedAnnual report
「The recovery in overseas customer operations drove segment net sales of ¥8.994 billion, up 18.8% year on year, and operating income of ¥493 million, up 20.8%.」
The recovery in overseas customer operations resulted in revenue and profit growth in the general industrial machinery business, weakening the impact of declining demand in Japan and the Asia-Pacific region. - FY2023-Q3MitigatedAnnual report
「The recovery in overseas customer operations drove segment net sales of ¥24.967 billion, up 18.0% year on year, and operating income of ¥2.823 billion, up 68.0%.」
The recovery in overseas customer operations continued, and the general industrial machinery business posted revenue and profit growth, further weakening the impact of declining demand in Japan and the Asia-Pacific region. - FY2023-Q2MitigatedAnnual report
「Customer operations overseas recovered gradually. Segment net sales were ¥15.706 billion, up 14.5% year on year, and operating income was ¥1.171 billion, up 12.8%.」
The recovery in overseas customer operations continued, and the general industrial machinery business posted revenue and profit growth, weakening the impact of declining demand in Japan and the Asia-Pacific region. - FY2022MitigatedAnnual report
「Demand in India and Southeast Asia recovered. Segment net sales were ¥28.935 billion, up 10.0% year on year, and operating income was ¥2.450 billion, up 11.6%.」
The recovery in demand in India and Southeast Asia was reflected in full-year revenue growth of 10.0% and profit growth of 11.6%, weakening the impact of declining demand for general industrial machinery. - FY2022-Q3MitigatedAnnual report
「Demand in India and Southeast Asia recovered. Segment net sales were ¥21.166 billion, up 5.8% year on year.」
The recovery in demand in India and Southeast Asia resulted in higher revenue, weakening the impact of declining general industrial machinery demand in Japan and the Asia-Pacific region. However, operating income declined due to a provision for loss-making orders. - FY2022-Q2MitigatedAnnual report
「Customer operations recovered, mainly in India. Segment net sales were ¥13.720 billion, up 5.9% year on year, and operating income was ¥1.038 billion, up 17.4%.」
The recovery in customer operations, centered on India, continued, and the general industrial machinery business posted revenue and profit growth, further weakening the impact of declining demand in Japan and the Asia-Pacific region. - FY2022-Q1MitigatedAnnual report
「Customer operations recovered gradually, mainly in Japan and India. Segment net sales were ¥6.903 billion, up 6.9% year on year, and operating income was ¥603 million, up 8.3%.」
For general industrial machinery demand, which had been weak mainly in Japan and India, the gradual recovery in customer operations and revenue and profit growth have been noted, indicating that the impact of declining demand has weakened. - FY2021-Q3MitigatedAnnual report
「Although signs of recovery emerged in some areas, sales declined due to India's lockdown and customers reducing or suspending operations in the Asia-Pacific region and Japan. Segment net sales were ¥20.008 billion, down 14.7% year on year. Operating income was ¥1.778 billion, up 3.3%, partly because no provision was recorded in the current period for loss-making orders, unlike in the prior-year period.」
Although sales in Japan and the Asia-Pacific region, among others, continued to decline, the rate of decline narrowed from 19.9% in the previous quarter to 14.7%, and operating income turned to a 3.3% year-on-year increase. The impact of declining demand has eased somewhat. - FY2021-Q2WorsenedAnnual report
「Sales declined due to India's lockdown and customers reducing or suspending operations in the Asia-Pacific region and Japan. Segment net sales were ¥12.954 billion, down 19.9% year on year, and operating income was ¥884 million, down 59.1%.」
Demand for general industrial machinery in Japan, India and other parts of Asia, which had been firm through the prior period, declined due to lockdowns and customers reducing or suspending operations, resulting in lower revenue and profit. - FY2021-Q1WorsenedAnnual report
「Sales declined across Japan, India and the Asia-Pacific region, including India, due to customers reducing or suspending operations. Segment net sales were ¥6.457 billion, down 23.4% year on year, and operating income was ¥556 million, down 48.0%.」
Sales of general industrial machinery to customers in Japan, India and other parts of Asia, which had previously been firm, declined across all regions as customers reduced or suspended operations, resulting in lower revenue and profit. - FY2020WorsenedAnnual report
「In addition to a declining trend in demand in Japan, the Indian market, which had also been strong overseas, began to weaken in the second half. Segment net sales were ¥30.481 billion, down 0.8% year on year. Operating income was ¥2.400 billion, down 29.7%, partly because provisions were recorded for investments in oil-related projects in ASEAN.」
Demand in Japan, India and elsewhere, which had previously been firm, began to decline or weaken, resulting in lower full-year revenue and profit. - FY2020-Q3RestatedAnnual report
「The Japanese market remained firm despite losing momentum, while sales to OEMs and plants in India continued to perform well. Segment net sales were ¥23.466 billion, up 4.1% year on year.」
Although the Japanese market has lost some momentum, it remains firm, and sales to OEMs and plants in India are also performing well, with no major change in the assessment of the risk of declining demand. - FY2020-Q2RestatedAnnual report
「The Japanese market remained firm, while sales to OEMs and plants in India and other parts of Asia increased. Segment net sales were ¥16.165 billion, up 11.6% year on year, and operating income was ¥2.163 billion, up 34.4%.」
Sales in Japan, India and other parts of Asia continued to perform solidly, maintaining the improvement in the demand environment through revenue and profit growth in the general industrial machinery business. - FY2020-Q1MitigatedAnnual report
「The Japanese market remained firm, while sales to OEMs and plants in India and other parts of Asia also remained solid. Segment net sales were ¥8.431 billion, up 17.1% year on year, and operating income was ¥1.070 billion, up 35.3%.」
Sales to OEMs and plants in Japan, India and other parts of Asia remained firm, and both sales and operating income increased, further weakening the risk of declining demand in Japan and the Asia-Pacific region. - FY2019MitigatedAnnual report
「Sales of products for OEMs and plants remained firm in India and elsewhere. Segment net sales were ¥38.294 billion, up 7.2% year on year.」
Sales to OEMs and plants in India and elsewhere remained firm, and the general industrial machinery and semiconductor businesses posted full-year revenue growth, weakening the risk of declining demand in Japan and the Asia-Pacific region. - FY2019-Q2MitigatedAnnual report
「Sales of plant-related products remained firm in Southeast Asia, India and elsewhere, while products for the semiconductor industry also performed solidly. Segment net sales were ¥18.510 billion, up 9.9% year on year.」
Sales of plant-related products in Southeast Asia, India and elsewhere and semiconductor-related products remained firm, and sales increased 9.9% year on year, weakening the risk of declining demand. - FY2019-Q1RestatedAnnual report
「Sales of plant-related products remained firm in Japan, India and elsewhere, while products for the semiconductor industry also performed solidly」
Sales of plant-related products in Japan, India and elsewhere and products for the semiconductor industry continue to perform solidly, with no substantive change in the weakened state of the risk of declining demand in Japan and the Asia-Pacific region. - FY2018-Q3MitigatedAnnual report
「Sales of products for Japan's semiconductor industry continued to be strong, while overseas sales, including in India and Southeast Asia, remained firm. Segment net sales were ¥26.115 billion, up 12.7% year on year, and operating income was ¥3.044 billion, up 33.8%.」
The strength of sales of products for Japan's semiconductor industry and overseas sales, including in India and Southeast Asia, continued, and both sales and operating income exceeded the prior-year period, so the risk of declining demand in Japan and the Asia-Pacific region continues to weaken. - FY2018-Q2MitigatedAnnual report
「Sales of products for Japan's semiconductor industry and overseas sales, including in India and Southeast Asia, remained firm. Segment net sales were ¥16.848 billion, up 11.5% year on year, and operating income was ¥1.900 billion, up 50.8%.」
Sales of products for Japan's semiconductor industry and overseas sales, including in India and Southeast Asia, remained firm, and both sales and operating income exceeded the prior-year period, so the risk of declining demand in Japan and the Asia-Pacific region continues to weaken. - FY2018-Q1MitigatedAnnual report
「Sales of products for Japan's semiconductor industry and overseas sales, including in India, remained firm. Segment net sales were ¥8.230 billion, up 5.2% year on year, and operating income was ¥1.078 billion, up 42.5%.」
Sales of products for Japan's semiconductor industry and overseas sales, including in India, remained firm, and both sales and operating income exceeded the prior-year period, weakening the risk of declining demand in Japan and the Asia-Pacific region. - FY2017MitigatedAnnual report
「Sales of products for Japan's semiconductor industry and overseas sales, including in India, remained firm.」
Sales of products for Japan's semiconductor industry and overseas sales, including in India, are considered firm, and the risk of declining demand in Japan and the Asia-Pacific region weakened for the full year. - FY2017-Q3RestatedAnnual report
「In addition to the negative impact of foreign-currency translation, the business was affected by declining demand in Japan and the Asia-Pacific region. Segment net sales were ¥23.166 billion, down 7.2% year on year, and operating income was ¥2.275 billion, down 19.0%.」
Declining demand in Japan and the Asia-Pacific region continues to be noted. Although the rate of decline has changed from the cumulative second-quarter results, there is no indication that weak demand has been resolved. - FY2017-Q2First statedAnnual report
「In addition to declining demand in Japan and the Asia-Pacific region, the business was significantly affected by the negative impact of foreign-currency translation. Segment net sales were ¥15.111 billion, down 11.1% year on year, and operating income was ¥1.260 billion, down 35.1%.」
Declining demand in Japan and the Asia-Pacific region has materialized as an 11.1% decline in sales and a 35.1% decline in operating income for the general industrial machinery business.