Risk of earnings deterioration due to lower demand for industrial equipment
First written in FY2018. 5 of 10 entries say "Restated". Latest entry: FY2026.
Nfk Holdings moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 77 of 99 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The Group’s electronics business is also strongly affected by supply and demand trends in the semiconductor-related market in which its major customers operate.」
In addition to the existing risk related to equipment demand in the industrial furnace customer industries, supply and demand risk in the semiconductor market was added for the electronics business. - FY2024RestatedAnnual report
「If demand for equipment in these industries declines due to macroeconomic factors, such as a decrease in total demand and rising interest rates, microeconomic factors, such as higher costs and intensifying competition, or other reasons, the decline may adversely affect the Group’s performance.」
The risk of earnings deterioration due to lower equipment demand in customer industries continues to be disclosed in the same format as before. - FY2022WorsenedAnnual report
「The Company operated in an extremely challenging business environment, as measures restricting movement between countries associated with the spread of the novel coronavirus had a serious impact on its handling of overseas projects, while a marked slowdown in domestic appetite for capital investment also emerged.」
The annual report also states that, in addition to the serious impact on overseas projects, the slowdown in domestic appetite for capital investment was pronounced. - FY2021WorsenedAnnual report
「The Group also operated in an extremely challenging business environment, as measures restricting movement between countries associated with the spread of the novel coronavirus had a serious impact on its handling of overseas projects, while a marked slowdown in domestic appetite for capital investment also emerged.」
The company states that the slowdown in domestic appetite for capital investment related to equipment demand became pronounced and that the handling of overseas projects was also seriously affected. - FY2021-Q3RestatedAnnual report
「The Company operated in an extremely challenging business environment, as measures restricting movement between countries associated with the spread of the novel coronavirus had a serious impact on its handling of overseas projects, while a marked slowdown in domestic appetite for capital investment also emerged.」
The company continues to recognize that the spread of COVID-19 has had a serious impact on its handling of overseas projects and that the slowdown in domestic appetite for capital investment has also become pronounced. - FY2021-Q2RestatedAnnual report
「The Company operated in an extremely challenging business environment, as measures restricting movement between countries associated with the spread of the novel coronavirus had a serious impact on its handling of overseas projects, while a marked slowdown in domestic appetite for capital investment also emerged.」
Regarding the risk associated with equipment demand in customer industries, the company continues to state, as in the previous quarter, that the slowdown in domestic appetite for capital investment has become pronounced. - FY2021-Q1WorsenedAnnual report
「The Company operated in an extremely challenging business environment, as measures restricting movement between countries associated with the spread of the novel coronavirus had a serious impact on its handling of overseas projects, while a marked slowdown in domestic appetite for capital investment also emerged.」
The company states that the slowdown in domestic appetite for capital investment became pronounced in connection with equipment demand in customer industries. - FY2020RestatedAnnual report
「If demand for equipment in these industries declines due to macroeconomic factors, such as a decrease in total demand and rising interest rates, microeconomic factors, such as higher costs and intensifying competition, or other reasons, the decline may adversely affect the Group’s performance.」
The risk of earnings deterioration due to lower equipment demand in customer industries is reiterated in the same form. - FY2019RestatedAnnual report
「If demand for equipment in these industries declines due to macroeconomic factors, such as a decrease in total demand and rising interest rates, microeconomic factors, such as higher costs and intensifying competition, or other reasons, the decline may adversely affect the Company’s performance.」
The risk that lower equipment demand in customer industries could adversely affect performance continues to be disclosed. - FY2018First statedAnnual report
「If demand for equipment in these industries declines due to macroeconomic factors, such as a decrease in total demand and rising interest rates, microeconomic factors, such as higher costs and intensifying competition, or other reasons, the decline may adversely affect the Company’s performance.」
The company identifies lower equipment demand in customer industries, including steel, automobiles, industrial machinery, paper and pulp, and petrochemicals, as a factor that could worsen performance.