Inventory planning for 20-year replacement demand for LPG bulk supply systems
First written in FY2017. 7 of 25 entries say "Worsened", first in FY2020. Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「Bulk accessories declined to ¥872 million, down 13.9% from the previous fiscal year. Industrial equipment accessories declined to ¥851 million, down 6.6%, and vehicle-mounted accessories declined to ¥147 million, down 16.3%.」
Bulk accessories, which had expanded against the backdrop of 20-year replacement demand, generated sales of ¥872 million, down 13.9% from the previous fiscal year, marking a continued period of decline. - 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.」
Bulk accessories, which had increased during the previous full fiscal year after replacement demand ran its course, declined year on year during the current interim accounting period. A declining phase emerged in the sales-growth theme driven by 20-year replacement demand. - FY2025MitigatedAnnual report
「Among product and merchandise revenue, LP gas cylinder valves were ¥3,141 million, up 12.5% from the previous fiscal year; bulk accessories were ¥1,013 million, up 2.1%; and marine products were ¥310 million, up 76.5%.」
Bulk accessories, which had declined after replacement demand ran its course and tank production stagnated, generated sales of ¥1,013 million, up 2.1% from the previous fiscal year. - FY2024-Q1MitigatedAnnual 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.」
Bulk accessories, which had declined in the previous fiscal year, generated higher sales year on year in the first quarter. However, the filing does not indicate a direct causal relationship with 20-year replacement demand. - FY2023WorsenedAnnual report
「Meanwhile, bulk accessories came to ¥939 million, down 2.8% year on year, due to the completion of the replacement demand cycle and stagnation in bulk storage tank production caused by COVID-19」
The previously anticipated replacement demand had run its course, and combined with stagnation in bulk storage tank production caused by COVID-19, this resulted in a 2.8% decline in sales of bulk accessories from the previous fiscal year. - FY2023-Q2WorsenedAnnual report
「Meanwhile, sales of bulk accessories declined due to stagnation in bulk storage tank production caused by COVID-19.」
For bulk accessories, for which sustained replacement demand had been anticipated, the filing identified stagnation in bulk storage tank production caused by COVID-19 as a factor behind the sales decline. - FY2022AdvancedAnnual report
「Various valves for LPG bulk supply systems are expected to generate replacement demand, initially anticipated 20 years after installation, peaking in fiscal 2023. To maintain and expand our current leading market share, we will ensure short lead times by building inventory in advance.」
A timeline was provided indicating that replacement demand would peak in fiscal 2023, and the policy of ensuring short lead times through inventory built in advance was reconfirmed. - FY2022-Q3RestatedAnnual report
「Among product and merchandise revenue, revenue from marine products decreased year on year, while revenue from LP gas cylinder valves, bulk accessories and automotive products all increased year on year. LP gas cylinder valve revenue increased sharply, despite a temporary decline following the rush demand ahead of the price increase, under the revised pricing.」
A year-on-year increase in bulk accessories was reconfirmed. This filing does not indicate a direct causal relationship with 20-year replacement demand. - FY2022-Q1Year-on-year increase in bulk accessoriesAnnual 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.」
Bulk accessories, which had declined during the previous full fiscal year, increased year on year in the first quarter. A direct causal relationship with 20-year replacement demand is not stated. - FY2021AdvancedAnnual report
「Meanwhile, replacement demand for bulk accessories continued as expected, and sales came to ¥903 million, up 15.4% from the previous fiscal year.」
Replacement demand for bulk accessories, which had been expected 20 years after installation, continued, and sales rose 15.4% from the previous fiscal year. - 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.」
Bulk accessories, which had declined in the previous fiscal year, continued to increase year on year during the cumulative third-quarter period. The filing does not indicate a direct causal relationship with 20-year replacement demand. - FY2021-Q2Year-on-year increase in bulk accessoriesAnnual 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.」
Bulk accessories, which had declined during the previous full fiscal year, increased year on year during the cumulative second-quarter period. - FY2021-Q1Year-on-year increase in bulk accessoriesAnnual report
「Within sales of products and merchandise, valves for LPG cylinders declined year on year, while marine and bulk accessories increased year on year.」
Bulk accessories had declined during the previous full fiscal year due to the reaction to rush demand ahead of the price increase and sluggish tank production, but increased year on year in the first quarter. The filing does not indicate a direct causal relationship with 20-year replacement demand. - FY2020WorsenedAnnual report
「Sales of bulk accessories came to ¥782 million, down 15.7% from the previous fiscal year, due to the reaction to rush demand ahead of the price increase at the end of the previous fiscal year and the impact of tank production falling short of expectations.」
Full-year sales of bulk accessories, for which replacement demand 20 years after installation had been anticipated, fell 15.7% from the previous fiscal year due to the reaction to rush demand ahead of the price increase and sluggish tank production. - FY2020-Q3Sales decline due to a demand reaction and sluggish tank productionAnnual report
「Bulk accessories declined year on year due to the reaction to rush demand ahead of the price increase toward the end of the previous fiscal year and the impact of tank production falling short of expectations.」
Sales of bulk accessories, for which replacement demand 20 years after installation had been anticipated, declined year on year due to the reaction to rush demand ahead of the price increase and sluggish tank production. - FY2020-Q2RestatedAnnual report
「Sales of vehicle-mounted and bulk accessories declined year on year. The decline in bulk accessories was due to the reaction to rush demand ahead of the price increase at the end of the previous fiscal year. For the full fiscal year, we expect sales growth driven by replacement demand 20 years after installation.」
We have reaffirmed the quarter-on-quarter decline caused by the reaction to rush demand ahead of the price increase, as well as the expectation of full-year sales growth driven by replacement demand 20 years after installation. - FY2020-Q1RestatedAnnual report
「Sales of vehicle-mounted and bulk accessories declined slightly year on year. The decline in bulk accessories was due to the reaction to rush demand ahead of the price increase at the end of the previous fiscal year. For the full fiscal year, we expect a substantial increase in sales driven by replacement demand 20 years after installation.」
Although first-quarter sales of bulk accessories declined slightly following the reaction to rush demand ahead of the price increase, we have reaffirmed our expectation of substantial full-year sales growth driven by replacement demand 20 years after installation. - FY2019AdvancedAnnual report
「Sales of LPG bulk accessories came to ¥628 million, up 14.3% from the previous fiscal year, as replacement demand 20 years after installation began to emerge.」
The previously anticipated replacement demand 20 years after installation began to emerge in practice, and sales of LPG bulk accessories rose 14.3% from the previous fiscal year. - FY2019-Q2AdvancedAnnual report
「LP gas bulk equipment and cryogenic valves each increased, as replacement demand for LP gas bulk equipment began to emerge and we pursued aggressive marketing centered on LNG.」
The previously anticipated replacement and inspection demand for bulk storage tanks translated into actual sales growth as replacement demand began to emerge. - FY2018RestatedAnnual report
「LPG bulk tank accessories performed strongly, against the backdrop of demand over the next several years for 20-year inspections of bulk storage tanks.」
Full-year growth in sales of accessories driven by demand for 20-year inspections of bulk storage tanks has been confirmed. - FY2018-Q3AdvancedAnnual report
「LPG bulk accessories performed strongly, with sales up 26.8% year on year, against the backdrop of demand over the next several years for 20-year inspections of bulk storage tanks. As replacement demand for LPG bulk accessories is expected to gain momentum from this year, we will work to increase production further, establish an immediate-delivery system and expand sales.」
Sales of bulk accessories rose 26.8% year on year, and further production increases and the establishment of an immediate-delivery system were newly indicated in response to the full-scale emergence of replacement demand. - FY2018-Q2AdvancedAnnual report
「LPG bulk accessories performed strongly, with sales up 24.0% year on year, against the backdrop of demand over the next several years for 20-year inspections of bulk storage tanks.」
Under the theme of expected demand for 20-year inspections of bulk storage tanks, sales of LPG bulk accessories rose 24.0% year on year, indicating that the expected demand has translated into actual results. - FY2017First statedAnnual report
「Various valves for LPG bulk supply systems are expected to generate replacement demand over the next 10 years as equipment reaches 20 years after installation. To maintain and expand our current leading market share, we will ensure short lead times by building inventory in advance.」
A plan to maintain and expand the leading market share through short lead times supported by inventory built in advance, in anticipation of replacement demand for equipment reaching 20 years of service over the next 10 years.