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Miyairi Valve Mfg. (6495) · InitiativeSales increased despite replacement demand being at a low point

Maintaining and Expanding LP Gas Cylinder Valve Sales through Customer-Focused Sales

First written in FY2018-Q1. 3 of 15 entries say "Restated". Latest entry: FY2024.

15entries
8years
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ProgressHeldSoftenedWorseRestatedFY2018-Q1 – FY2018-Q3OtherFY2020-Q3 – FY2023-Q2OtherFY2024-Q1 – FY20242017: 220172018: 120182019: 220192020: 320202021: 320212022: 120222023: 220232024: 12024
Same theme, other companies
Domestic and Overseas Promotion of Specific Product GroupsA theme 14 companies write about · 0 as a headwind · 14 as a tailwind

The whole theme swung hardest in 2024: 1 of 11 companies on the "Worse" side.

1 other company's latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2024Sales increased despite replacement demand being at a low pointAnnual report

    「LP gas cylinder valve revenue was ¥2,791 million, up 0.4% from the previous fiscal year, although replacement demand reached its bottom, partly reflecting the results of price increase negotiations in the previous fiscal year」

    Despite replacement demand being at a low point, sales of valves for LP gas cylinders exceeded the same period of the previous year as a result of the previous fiscal year’s price negotiations.
  2. FY2024-Q1Decline following the end of rush demand ahead of the price increaseAnnual report

    「Although revenue from industrial products, bulk accessories, automotive products and other items increased year on year, LP gas cylinder valve revenue was affected by the decline following the rush demand ahead of the product price increase in the previous corresponding period.」

    Despite previous increases driven by customer-focused sales and sales campaigns, the reversal of rush demand ahead of the price increase in the same period of the previous year contributed to the decline in sales of valves for LP gas cylinders in the first quarter.
  3. FY2023AdvancedAnnual report

    「Among product and merchandise revenue, LP gas cylinder valve revenue was ¥2,779 million, up 28.4% from the previous fiscal year, due to higher sales volumes following the closure of a competitor and price increases across the product range」

    In addition to the previous measures centered on sales campaigns, overall product price increases and higher volumes following competitors’ exits from the business were identified as factors behind the increase in sales.
  4. FY2023-Q2Sales increase due to competitors exiting the business and rush demand ahead of price increasesAnnual report

    「Within product and merchandise sales, sales of valves for LP gas cylinders increased substantially due to higher volumes following competitors’ exits from the business and rush demand ahead of a product price increase.」

    The increase in sales of valves for LP gas cylinders was newly attributed to higher volumes following competitors’ exits from the business and rush demand ahead of the product price increase.
  5. FY2022-Q1Year-on-year increase in sales of valves for LP gas cylindersAnnual report

    「Among product and merchandise revenue, revenue from LP gas cylinder valves, bulk accessories and automotive products increased year on year, while revenue from industrial and marine products decreased year on year.」

    Sales of valves for LP gas cylinders, for which increases driven by sales campaigns and other measures had previously been reported, increased year on year in the first quarter. However, this filing does not specify the measures that drove the increase.
  6. FY2021Sales decline amid intensifying competitionAnnual report

    「Among product and merchandise revenue, revenue from LP gas cylinder valves was ¥1,817 million, down 2.7% from the previous fiscal year, due to intensified competition.」

    Despite previous increases driven by customer-focused sales and sales campaigns, sales of valves for LP gas cylinders declined in FY2021 amid intensifying competition.
  7. FY2021-Q3RestatedAnnual report

    「Among product and merchandise revenue, revenue from LP gas cylinder valves and industrial valves decreased year on year, while revenue from automotive, marine and bulk accessories increased year on year.」

    Following previous increases driven by customer-focused sales and sales campaigns, sales of valves for LP gas cylinders declined year on year in the cumulative third quarter.
  8. FY2021-Q2Down year on yearAnnual report

    「Among product and merchandise revenue, revenue from LP gas cylinder valves and industrial valves decreased year on year, while revenue from automotive, marine and bulk accessories increased year on year.」

    After previous periods in which increases driven by customer-focused sales and sales campaigns had been reported, sales of valves for LP gas cylinders declined year on year in the cumulative second quarter.
  9. FY2020From higher sales in the first half to lower full-year salesAnnual report

    「Revenue from LP gas cylinder valves increased year on year in the first half despite price increases and the implementation of sales campaigns as appropriate, but demand remained sluggish in the second half, when the product would normally enter its peak demand season, due to the warm winter. Revenue was ¥1,868 million, down 2.0% from the previous fiscal year.」

    Although sales increased in the first half due to the sales campaign, full-year net sales declined 2.0% from the previous fiscal year because demand remained weak in the second half as a result of the warm winter.
  10. FY2020-Q3Sales decline in the second halfAnnual report

    「Among product and merchandise revenue, revenue from LP gas cylinder valves increased in the first half despite price increases and the implementation of sales campaigns as appropriate, but decreased year on year in the second half as demand declined sharply due to the warm winter.」

    Although sales increased in the first half as a result of the sales campaign, sales of valves for LP gas cylinders declined year on year in the second half because demand weakened following the warm winter.
  11. FY2020-Q2AdvancedAnnual report

    「Among product and merchandise revenue, revenue from LP gas cylinder valves and industrial valves increased year on year due to sales campaigns, while marine valves also increased as sales recovered from the decline in the previous fiscal year.」

    Unlike the previous policy centered on customer-focused sales and sales campaigns, this quarter’s disclosure stated that the sales campaign increased sales of valves for LP gas cylinders.
  12. FY2019AdvancedAnnual report

    「Although cylinder reinspection volumes were sluggish due to declining gas demand caused by record heat and storms, flooding and other factors, revenue from LP gas cylinder valves was ¥1,905 million, up 2.1% from the previous fiscal year, following sales campaigns targeting major customers and regular contact with all customers.」

    The Company explained that it increased sales by implementing sales campaigns for major customers and maintaining regular contact with all customers as specific customer-focused sales measures.
  13. FY2018-Q3RestatedAnnual report

    「For LP gas cylinder valves, rigorous customer-focused sales efforts resulted in slight increases in both sales volume (up 0.8% year on year) and revenue (up 0.3% year on year), despite the shift to new cylinders and sluggish reinspection demand.」

    The Company reiterated that, by continuing its customer-focused sales approach, sales volume and net sales increased year on year despite weak demand for periodic inspections.
  14. FY2018-Q2RestatedAnnual report

    「For LP gas cylinder valves, rigorous customer-focused sales efforts resulted in increases in both sales volume (up 3.1% year on year) and revenue (up 2.0% year on year), despite the shift to new cylinders and sluggish reinspection demand.」

    As in the previous quarter, the Company explained that sales volume and net sales of valves for LP gas cylinders increased year on year through customer-focused sales.
  15. FY2018-Q1First statedAnnual report

    「For LP gas cylinder valves, rigorous customer-focused sales efforts enabled the company to maintain the unit selling price following the price increase at the beginning of the previous fiscal year, while both sales volume (up 3.4% year on year) and revenue (up 2.0% year on year) increased.」

    The Company explicitly stated for the first time that it would pursue customer-focused sales as a means of increasing volumes and sales while maintaining selling prices after the price increase.
Moved together

"Declining demand for valves for LP gas cylinders as the cylinder reinspection demand cycle enters a downturn" moved the same way as this thread, in the same document, in 3 of its 15 moves.

332222★123456
  1. ★This thread
  2. 1Declining demand for valves for LP gas cylinders as the cylinder reinspection demand cycle enters a downturn3×
  3. 2Cost Reduction Through Production Leveling and In-House Component Production3×
  4. 3Capital Investment to Rationalize Production Facilities and Reduce Costs2×
  5. 4Continued Stable Dividends and a ¥1 Dividend for the Current Period2×
  6. 5Decrease in revenue due to lower scrap sales revenue2×
  7. 6Developing New Fields such as Sanitary Valves for Food Processing and General-Purpose Valves for General Piping2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Miyairi Valve Mfg. yet.
News
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Maintaining and Expanding LP Gas Cylinder Valve Sales through Customer-Focused Sales | MIYAIRI VALVE MFG.CO.,LTD. (6495) | Komori