Declining demand for valves for steelmaking equipment due to the downturn in the shipbuilding market
First written in FY2017-Q2. 8 of 22 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 14 companies on the "Worse" side.
6 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Among product and merchandise revenue, LP gas cylinder valves were ¥3,413 million, up 8.7% from the previous fiscal year; marine products were ¥346 million, up 11.5%; and other steel valves were ¥153 million, up 22.9%.」
Sales of marine products, which had declined due to fluctuations in shipbuilding and marine-related demand, increased to ¥346 million, up 11.5% from the previous fiscal year. - 2026-05-13MitigatedEarnings
「Sales of valves for LP gas cylinders and bulk equipment components are expected to increase. Sales of marine and automotive products are also expected to recover and increase, while sales of equipment products are expected to remain flat.」
The Company reported an increase in current-period sales of marine products and forecast a recovery in the next period. - FY2026-H1WorsenedAnnual report
「This was because, although sales of container valves increased, sales of equipment valves, marine steel valves and bulk equipment accessories declined from the same period of the previous year.」
After marine sales had increased in the previous fiscal year, marine steel valves declined from the same period of the previous year during the interim accounting period, and fluctuations in shipbuilding and marine-related demand again appeared as a decline in sales. - FY2025MitigatedAnnual report
「Marine products increased to ¥310 million, up 76.5% from the previous fiscal year.」
Marine products, which had fluctuated due to the decrease in vessel construction and other factors, recorded sales of ¥310 million, up 76.5% from the previous fiscal year. - FY2023MitigatedAnnual report
「Sales of marine products increased to ¥350 million, up 17.5% from the previous year, due to an increase in the number of vessels built that use the company's products.」
Marine products, whose performance had deteriorated due to a decrease in vessel construction, recorded a 17.5% increase in sales from the previous fiscal year against the backdrop of an increase in vessels built. - FY2022WorsenedAnnual report
「Sales of marine products declined to ¥298 million, down 14.8% from the previous fiscal year, due to a decrease in the number of vessels built that use the company's products.」
Marine sales deteriorated from the recovery in the previous fiscal year to a 14.8% decline from the previous fiscal year due to the decrease in vessel construction. - FY2022-Q1WorsenedAnnual 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.」
Marine products, which had recovered and increased in the previous fiscal year, declined year on year in the first quarter. This filing does not specify the factors related to the shipbuilding market. - FY2021MitigatedAnnual report
「Sales of marine products increased to ¥350 million, up 25.2% from the previous fiscal year, as the shipbuilding market remained firm from the previous fiscal year.」
Marine valves, which had declined due to the slowdown in the shipbuilding market, recorded a 25.2% increase in sales from the previous fiscal year against the backdrop of a firmer shipbuilding market. - 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.」
Marine valves, which had previously been declining, have continued to increase year on year. However, this filing does not indicate the reason for the increase. - FY2021-Q2MitigatedAnnual 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.」
Marine valves, which had previously been declining due to the slowdown in the shipbuilding market and other factors, increased year on year. - FY2020MitigatedAnnual report
「Sales of marine products recovered from the decline in the previous fiscal year and increased to ¥280 million, up 73.5% from the previous fiscal year.」
Marine valves, which had declined due to the slowdown in the shipbuilding market and other factors, recovered from the decline in the previous fiscal year, with sales increasing 73.5% from the previous fiscal year. - FY2020-Q3RestatedAnnual report
「Valves for equipment increased as a result of a campaign, while marine valves also recovered from the decline in the previous fiscal year and increased.」
The recovery in marine valves from the decline in the previous fiscal year and the resulting increase in sales have continued. - FY2020-Q1MitigatedAnnual report
「Sales of valves for equipment increased, and sales of marine valves also increased as they began to recover from the current fiscal year.」
The company explained that marine valves, whose sales had continued to decline due to the decrease in vessel construction and other factors, began to recover in the current fiscal year, resulting in higher sales. - FY2019WorsenedAnnual report
「Among steel valves, sales of valves for equipment and marine valves declined to ¥491 million, down 16.9% from the previous fiscal year, and ¥161 million, down 27.9%, respectively, due to fewer construction projects and the slowdown in the shipbuilding market.」
The decline in marine valves due to the slowdown in the shipbuilding market and other factors widened over the full year, reaching ¥161 million, down 27.9% from the previous fiscal year. - FY2019-Q3RestatedAnnual report
「Valves for equipment and marine valves both declined due to a decrease in construction projects and the slowdown in the shipbuilding market.」
The decline in sales of valves for equipment and marine valves due to fewer construction projects and the slowdown in the shipbuilding market continues to be reported. - FY2019-Q2RestatedAnnual report
「Valves for equipment and marine valves both declined due to a decrease in construction projects and the slowdown in the shipbuilding market.」
The decline in sales of valves for equipment and marine valves due to fewer construction projects and the slowdown in the shipbuilding market continues to be reported. - FY2019-Q1RestatedAnnual report
「Meanwhile, as valves for equipment and marine valves both declined substantially, sales came to ¥1,127 million, down 2.1% from the same period of the previous year.」
The decline in sales of marine valves due to the decrease in vessel construction continued in the first quarter. - FY2018WorsenedAnnual report
「Sales of marine products declined to ¥223 million, down 20.8% from the previous fiscal year, due to a decrease in the number of vessels built that use the company's products.」
The decline in sales of marine valves due to the decrease in vessel construction became more pronounced over the full year, falling 20.8% from the previous fiscal year. - FY2018-Q3RestatedAnnual report
「Sales of marine valves declined 6.5% year on year as the number of vessels built decreased, while sales of automotive valves and LP-gas bulk equipment accessories both increased from the same period of the previous year.」
The decline in sales of marine valves due to the decrease in vessel construction continues to be confirmed. - FY2017RestatedAnnual report
「Regarding steel valves for equipment, the shipbuilding market is expected to remain sluggish」
The company continues to indicate that the slowdown in the shipbuilding market is expected to weigh on demand for steel valves for equipment. - FY2017-Q3RestatedAnnual report
「LP-gas steel valves for equipment also declined year on year because the sharper-than-expected slowdown in the shipbuilding market reduced sales of valves for marine transportation.」
The decline in valves for marine transportation due to the slowdown in the shipbuilding market continues to be reported. - FY2017-Q2First statedAnnual report
「LP-gas steel valves for equipment also declined year on year because the slowdown in the shipbuilding market was greater than initially expected, resulting in a decrease in valves for marine transportation.」
The sharper-than-expected slowdown in the shipbuilding market was reflected in actual sales through a decline in valves for marine transportation.