Sluggish orders related to oil and natural gas due to crude oil prices and stalled large-scale capital investment projects
First written in FY2017-Q3. 2 of 4 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2020: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2019DroppedAnnual report
「The Industrial Furnaces division’s main products include non-ferrous metal heat-treatment furnaces, general heat-treatment furnaces, casting furnaces and rotary furnaces. Although orders from automotive-related companies progressed steadily, many projects were relatively large and some were not recognised as sales until the following fiscal year or later. As a result, net sales for the fiscal year were ¥603 million, down 18.6% year on year.」
The sluggishness of oil- and natural-gas-related orders due to low crude oil prices and signs of stagnation in large-scale capital investment projects, which had been explicitly stated in the previous fiscal year, are not described in the same form in this filing. Large-scale projects are discussed in a different context, as delays in the timing of revenue recognition. - FY2018RestatedAnnual report
「Orders related to oil and natural gas declined substantially due to sluggish crude oil prices, and net sales for the fiscal year were ¥145 million, down 50.6% year on year.」
The decline in oil- and natural-gas-related orders due to sluggish crude oil prices continued, with net sales in the related division down 50.6% year on year. - FY2018-Q3RestatedAnnual report
「As a result, for the nine months ended the third quarter, orders were in an extremely challenging environment, but revenue was ¥1,751 million, down 10.6% year on year; operating profit was ¥58 million, compared with an operating loss of ¥50 million in the same period of the previous year; ordinary profit was ¥70 million, compared with an ordinary loss of ¥47 million; and quarterly net profit attributable to owners of the parent was ¥66 million, compared with a quarterly net loss attributable to owners of the parent of ¥53 million.」
Orders continued to be described as being in an “extremely challenging situation.” No additional explanation was given regarding specific factors such as crude oil prices or large-scale capital investment projects. - FY2017-Q3First statedAnnual report
「The business environment remained extremely challenging, as orders for oil- and natural-gas-related products were sluggish due to the impact of crude oil prices and other factors, while large-scale capital investment projects at export-related companies also showed signs of stagnation.」
The sluggishness of orders for oil- and natural-gas-related products due to crude oil prices and other factors, and signs of stagnation in large-scale capital investment projects at export-related companies, are identified for the first time as factors contributing to the current challenging business environment.