Declining demand for valves for LP gas cylinders as the cylinder reinspection demand cycle enters a downturn
First written in FY2017-Q1. 16 of 36 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-08-10.
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- 2026-08-10MitigatedEarnings
「This was attributable to increases in brass valve-related products, including our core valves for LP gas cylinders, and steel valve-related products for equipment and automotive applications, although sales of cryogenic valves declined year on year.」
Brass valve-related products, including valves for LP gas cylinders, increased, indicating that the previously observed pressure from declining demand related to the cylinder reinspection cycle and other factors had eased in the quarter’s results. - 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%.」
LP gas cylinder valve revenue increased 8.7% from the previous fiscal year, indicating that the previous downward pressure from replacement demand and intensifying competition eased in the full-year results. - 2026-05-13MitigatedEarnings
「Valves for LP gas cylinders: ¥3,413 million, up 8.7% year on year」
Full-year sales of valves for LP gas cylinders increased 8.7% year on year, indicating that pressure from declining demand had eased in the reported results. - 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%.」
LP gas cylinder valve revenue increased 12.5% from the previous fiscal year, indicating that the previous downward pressure from replacement demand and competition eased in the full-year results. - FY2025-H1MitigatedAnnual report
「This was because automotive steel valves and cryogenic valves declined year on year, while equipment valves, bulk equipment and cylinder valves increased.」
The company explained that revenue from cylinder valves increased year on year in the interim accounting period, indicating that the previous downward pressure from sluggish replacement demand and intensifying competition had eased somewhat. - FY2024Maintained at the previous year's level at the bottom of replacement demandAnnual 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」
Although replacement demand reached its bottom, LP gas cylinder valve revenue increased 0.4% from the previous fiscal year, partly reflecting the results of price increase negotiations in the previous fiscal year. - FY2024-Q3Recovery in the third quarterAnnual report
「Among product and merchandise revenue, revenue from bulk accessories, automotive products and other items increased, while revenue from LP gas cylinder valves, industrial products and marine products and other items decreased. LP gas cylinder valve revenue decreased year on year in the cumulative second quarter but recovered in the third quarter.」
LP gas cylinder valve revenue decreased year on year in the cumulative second quarter but recovered in the third quarter. However, the cumulative third-quarter period as a whole was reported to have declined. - FY2024-Q2RestatedAnnual report
「Among product and merchandise revenue, revenue from bulk accessories, automotive products and other items increased, while revenue from LP gas cylinder valves, industrial products and marine products and other items decreased. LP gas cylinder valve revenue was particularly affected by the decline following the rush demand ahead of the product price increase in the previous corresponding period.」
The decline in LP gas cylinder valves following the rush demand ahead of the price increase was confirmed again in the cumulative second quarter, following FY2024-Q1. Meanwhile, bulk accessories, automotive products and other items increased. - 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.」
LP gas cylinder valves were a negative contributor to revenue due to the decline following the rush demand ahead of the price increase in the previous corresponding period. Meanwhile, revenue from industrial products, bulk accessories, automotive products and other items increased year on year. - FY2023MitigatedAnnual 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」
LP gas cylinder valve revenue increased 28.4% from the previous fiscal year due to higher volumes following the closure of a competitor and price increases across the product range. - FY2023-Q3MitigatedAnnual report
「Product and merchandise revenue increased sharply as sales volumes of LP gas cylinder valves increased following the closure of a competitor and prices were raised across the product range.」
The company explained that the downward pressure on LP gas cylinder valve sales eased during the cumulative third quarter as sales volumes increased following the closure of a competitor and prices were raised across the product range. - FY2023-Q1MitigatedAnnual report
「Among product and merchandise revenue, LP gas cylinder valve revenue increased sharply due to the effect of the product price increase implemented from January through March this year and higher sales volumes following the closure of a competitor.」
Against the previous downward pressure on sales from sluggish demand and intensifying competition, LP gas cylinder valve sales increased sharply due to the effect of the product price increase and higher volumes following the closure of a competitor. - FY2022MitigatedAnnual report
「Among product and merchandise revenue, LP gas cylinder valve revenue was ¥2,165 million, up 19.1% from the previous fiscal year, due to the increase in product prices」
LP gas cylinder valve revenue increased 19.1% from the previous fiscal year due to the increase in product prices. - FY2022-Q3MitigatedAnnual 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.」
The company explained that LP gas cylinder valve revenue increased sharply under the revised pricing after the rush demand ahead of the price increase and the subsequent temporary decline had run their course. - FY2022-Q2Temporary increase due to rush demand ahead of the price increaseAnnual 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, particularly due to rush demand ahead of the price increase.」
LP gas cylinder valve revenue increased sharply year on year, with rush demand ahead of the price increase cited as the reason. - FY2022-Q1MitigatedAnnual 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.」
Revenue from LP gas cylinder valves and bulk accessories increased year on year, indicating that the previous downward pressure from declining demand eased somewhat in the quarter. Meanwhile, industrial and marine products decreased. - FY2021WorsenedAnnual 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.」
In addition to previously sluggish demand and weather-related factors, intensified competition caused full-year revenue from LP gas cylinder valves to decrease 2.7% 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.」
The decline in LP gas cylinder valve revenue, together with industrial valve revenue, has continued year on year. - FY2021-Q2RestatedAnnual 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.」
The decline in LP gas cylinder valve revenue year on year has continued. - FY2021-Q1LP gas cylinder valve sales decreased year on yearAnnual report
「Among product and merchandise revenue, revenue from LP gas cylinder valves decreased year on year, while revenue from marine products and bulk accessories increased year on year. Revenue from industrial valves was broadly flat.」
LP gas cylinder valve revenue decreased year on year, reversing the increase driven by sales campaigns and other measures in the previous full fiscal year. Meanwhile, marine products and bulk accessories increased, while industrial valves were broadly flat. - FY2020WorsenedAnnual 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.」
Revenue increased in the first half through sales campaigns, but full-year revenue decreased 2.0% from the previous fiscal year as demand remained sluggish in the second half due to the warm winter. - FY2020-Q3WorsenedAnnual 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.」
The situation for LP gas cylinder valves deteriorated from an increase in the first half to declining demand and a year-on-year decrease in the second half due to the warm winter. - FY2020-Q2MitigatedAnnual 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.」
The company explained that LP gas cylinder valve sales increased through sales campaigns, compared with being flat year on year in the first quarter of the previous fiscal year. - FY2020-Q1Flat year on yearAnnual report
「Among product and merchandise revenue, revenue from LP gas cylinder valves was flat year on year, although」
Although revenue increased in the previous full fiscal year through sales campaigns targeting major customers and other measures, revenue from LP gas cylinder valves was flat year on year in the first quarter. - FY2019MitigatedAnnual 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.」
Although sluggish reinspection demand due to record heat, storms, flooding and other factors continued, revenue from LP gas cylinder valves increased 2.1% from the previous fiscal year through a sales campaign targeting major customers and regular contact with all customers. - FY2019-Q3RestatedAnnual report
「LP gas cylinder valve sales decreased against a backdrop of declining gas demand caused by record heat and sluggish cylinder reinspection volumes due to storms, flooding and other factors.」
The decline in LP gas cylinder valve sales continued against a backdrop of record heat, storms and flooding, and sluggish cylinder reinspection volumes. - FY2019-Q2WorsenedAnnual report
「Sales of valves for LP gas cylinders declined due to reduced gas demand caused by record heat, as well as sluggish demand for cylinders and the number of cylinders undergoing reinspection due to storms, floods and other factors.」
The decline in LP gas cylinder valve sales continued as, in addition to previously sluggish reinspection demand, record heat and factors such as storms and flooding further reduced demand. - FY2019-Q1MitigatedAnnual report
「Revenue for the cumulative first quarter increased year on year for LP gas cylinder valves, LPG bulk storage tank accessories and other products,」
Against the decline in LP gas cylinder valve sales caused by the shift to new cylinders and sluggish reinspection demand noted in the previous fiscal year, revenue from the product increased year on year in the first quarter. - FY2018WorsenedAnnual report
「Revenue from LP gas cylinder valves was ¥1,867 million, down 1.9% from the previous fiscal year, against a backdrop of the shift to new cylinders and sluggish reinspection demand.」
As the shift to new cylinders and sluggish reinspection demand continued, full-year revenue from LP gas cylinder valves decreased 1.9% from the previous fiscal year. - 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 continued to explain that sales volume and revenue increased slightly through customer-focused sales efforts, while the shift to new cylinders and sluggish reinspection demand continued. - FY2018-Q2MitigatedAnnual 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.」
The company explained that sales volume and revenue increased year on year through customer-focused sales efforts, even as the shift to new cylinders and sluggish reinspection demand continued. - FY2018-Q1MitigatedAnnual 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.」
Although previous disclosures had indicated downward pressure on sales from sluggish pressure-testing demand and intensifying competition, sales volume increased 3.4% year on year in the quarter. - FY2017RestatedAnnual report
「Although the review of selling prices since the beginning of the year improved the unit selling price of LP gas cylinder valves, sales decreased year on year as competition intensified amid sluggish demand for pressure testing of LP gas cylinders.」
Although the unit selling price improved, full-year results also confirmed downward pressure on sales from sluggish pressure-testing demand and intensifying competition. - FY2017-Q3RestatedAnnual report
「Although the review of selling prices improved the unit selling price of LP gas cylinder valves, sales decreased year on year due to sluggish demand for pressure testing of LP gas cylinders and intensified competition.」
Continued downward pressure on LP gas cylinder valve sales due to sluggish pressure-testing demand and intensifying competition is noted. - FY2017-Q2WorsenedAnnual report
「Although the review of selling prices improved the unit selling price of valves for LP gas cylinders, sales declined year on year because demand remained sluggish and competition with rival companies intensified.」
In addition to the downturn in the demand cycle for cylinder reinspection, sluggish demand growth and intensifying competition pointed to broader downward pressure on sales volumes and revenue for LP gas cylinder valves. - FY2017-Q1First statedAnnual report
「Although the selling price per unit of LP gas cylinder valves has been trending upward following a review of selling prices, sales volume declined because demand entered the down phase of the cylinder reinspection cycle from the current fiscal year and because of the impact of rush demand at the end of the previous fiscal year ahead of the initial-period selling price review. As a result, net sales fell 16.4% year on year.」
Separately from the long-term contraction of the existing domestic market for LP gas-related products, sales volumes and revenue actually declined in the current quarter due to the downturn in the cylinder reinspection demand cycle and the backlash from front-loaded demand before the price revision.