Komori
Meidensha (6508) · InitiativeAdvanced

Expansion of domestic water utility facility replacement and maintenance operations

First written in FY2017-Q1. 7 of 22 entries say "Advanced", first in FY2019. Latest entry: 2026-10-30.

22entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2019OtherFY2023-Q2 – FY2024-Q32016: 220162017: 320172018: 320182019: 120192020: 020202021: 120212022: 220222023: 320232024: 220242025: 120252026: 42026
Same theme, other companies
Structural shift toward management and renewal demand for water supply and sewerage infrastructureA theme 10 companies write about · 1 as a headwind · 9 as a tailwind

The whole theme swung hardest in 2024: 1 of 6 companies on the "Worse" side.

2 other companies' latest entry also says "Advanced".

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. FY2026AdvancedAnnual report

    「In the water infrastructure business, revenue was broadly in line with the previous year, but profit improved as the number of high-margin projects using the percentage-of-completion method increased.」

    In the water infrastructure business, profit improved as high-margin projects increased, even though revenue remained flat.
  2. 2026-05-14AdvancedEarnings

    「In the water infrastructure business, revenue was broadly in line with the previous year, but profit improved as the number of high-margin projects using the percentage-of-completion method increased.」

    水インフラ事業は高収益性案件の拡大により利益が改善した。
  3. FY2026-H1Higher revenue from water infrastructure, but lower profit due to a deterioration in the profit mixAnnual report

    「In the water infrastructure business, revenue increased due to higher sales recognized under the percentage-of-completion method, but profit declined because of a deterioration in the profit mix of projects.」

    The water infrastructure business benefited from higher revenue under the percentage-of-completion method, but profit declined because of a deterioration in project profitability.
  4. FY2025-H1AdvancedAnnual report

    「The social systems and water infrastructure businesses reported higher revenue and profit as the number of projects handled increased, supported by strong orders. As a result, revenue increased 8.7% year on year to ¥37,288 million, while the operating loss improved by ¥1,543 million to ¥1,297 million.」

    In the social systems area, including water infrastructure, the number of projects increased on the back of strong orders, resulting in higher revenue and profit.
  5. FY2024-Q3Deteriorating profitability in the water infrastructure and other businesses due to longer material lead times, delays in related construction and surging material pricesAnnual report

    「In the social systems business, the impact of longer lead times for components and delays in related construction work became pronounced, resulting in a substantial decline in revenue and profit. Across the segment, including the railway systems and water infrastructure businesses, other impacts also emerged, including the postponement of revenue recognition due to delays in project schedules and deteriorating profitability resulting from higher material costs.」

    In the social systems business, including water infrastructure, the effects of longer component lead times, delays in related construction work, project schedule delays and deteriorating profitability due to higher material costs continued to emerge.
  6. FY2024-Q2Deteriorating profitability in the water infrastructure business due to longer material lead times, related construction delays and higher costsAnnual report

    「In the social systems and water infrastructure businesses, construction progress was affected by longer material lead times and delays in related construction, while some projects experienced lower profitability due to higher costs, resulting in deteriorating earnings.」

    Domestic infrastructure projects, including water infrastructure, experienced lower profitability due to longer material lead times, delays in related construction and higher costs.
  7. FY2024-Q1Lower revenue and profit in the water infrastructure business due to construction delaysAnnual report

    「The water infrastructure business posted lower revenue and profit against a backdrop of construction delays and other factors.」

    The water infrastructure business shifted from higher revenue driven by construction progress to lower revenue and profit due to construction delays.
  8. FY2023-Q3Lower revenue in the water infrastructure business and other businesses due to longer material lead times and construction delaysAnnual report

    「Although demand recovered mainly in Japan and revenue increased in the electric railway business, revenue declined in the social systems and water infrastructure businesses due to shipment delays caused by longer material lead times and delays in construction progress.」

    In the water infrastructure and other businesses, shipment delays caused by longer material lead times and construction delays resulted in lower revenue.
  9. FY2023-Q2Decline in water infrastructure business revenue following the previous year’s strong performanceAnnual report

    「In the social systems and electric railway systems businesses, revenue increased as construction progressed smoothly, while revenue declined in the water infrastructure business as a reaction to the exceptionally strong performance in the previous year.」

    The water infrastructure business posted lower revenue as a reaction to the previous year’s strong performance, while revenue increased in the social systems and electric railway systems businesses due to construction progress.
  10. FY2023-Q1AdvancedAnnual report

    「In the water infrastructure business, revenue increased as construction progressed smoothly, while」

    The company disclosed that smooth construction progress in the water infrastructure business resulted in higher revenue.
  11. FY2022-Q1RestatedAnnual report

    「Sales remained firm in the social systems and water infrastructure businesses, supported by steady progress on construction for domestic projects, among other factors,」

    The company explained that construction in domestic projects progressed smoothly in the water infrastructure business, keeping revenue steady.
  12. FY2019AdvancedAnnual report

    「In the water treatment and public infrastructure, and power and renewable energy businesses, we launched a cross-functional Infrastructure Solutions Project and are promoting cross-sector solution proposals to electric utilities and local governments covering areas such as energy and water treatment. We are also pursuing public-private partnership (PPP) projects, including the comprehensive water supply services project in the eastern Gunma region, and will continue to focus on creating new business models through partnerships.」

    The company launched a cross-functional Infrastructure Solutions Project and is advancing initiatives involving specific PPP projects, such as the comprehensive water supply services project in the eastern Gunma region, along with cross-sector proposals.
  13. FY2019-Q1RestatedAnnual report

    「As the business environment becomes increasingly challenging, due to the decline and downsizing of new water treatment and wastewater treatment plant projects resulting from local fiscal difficulties and population decline, as well as intensifying competition, we are working to transform our business model, including through participation in public-private partnership (PPP) projects, and actively pursuing initiatives to expand orders for maintenance and operations management services for water utility facilities.」

    Amid a challenging domestic water business environment, the company continues to participate in PPP projects and expand orders for maintenance and operations management services for water utility facilities.
  14. FY2018ReframedAnnual report

    「Based on product data and know-how accumulated within the Group, we will combine IoT and AI technologies and work toward the practical implementation of automated and labor-saving operations management. We will also strengthen our proposal capabilities and establish the necessary framework to address new needs, including the wider-area provision of infrastructure services by local governments, cross-sector initiatives spanning energy and water, and public-private partnerships.」

    For water treatment and public infrastructure, the company is broadening its initiatives from replacement projects and PPP responses to automated operations management using IoT and AI, and a proposal framework covering wider-area, cross-sector and public-private partnership initiatives.
  15. FY2018-Q3RestatedAnnual report

    「Amid a challenging business environment, including the decline and downsizing of new water treatment and wastewater treatment plant projects due to local fiscal difficulties and population decline, and intensifying competition, we are focusing on winning orders for replacement projects through stronger proposal activities. We are also working to differentiate ourselves through the use and development of ICT and actively pursuing initiatives to participate in public-private partnership (PPP) projects and expand contracted maintenance and operations management services for water utility facilities.」

    The company continues to develop its water and environmental business by combining proposal activities, ICT, PPP projects, replacement projects, and maintenance and operations management services.
  16. FY2018-Q2ReframedAnnual report

    「Amid a challenging business environment, including the decline and downsizing of water treatment and wastewater treatment plants due to local fiscal difficulties and population decline, and intensifying competition, orders have remained steady, centered on domestic projects involving existing facilities, supported by stronger proposal activities. We are working to differentiate ourselves through the use and development of ICT technologies and actively pursuing initiatives to win orders for replacement electrical equipment at water treatment and wastewater treatment plants and expand contracted maintenance and operations management services for water utility facilities.」

    In addition to conventional replacement projects involving existing facilities, maintenance and operations management services, and proposal activities, the company explicitly identified differentiation through the use and development of ICT technologies, making its means of developing the water business more concrete.
  17. FY2018-Q1ReframedAnnual report

    「As the business environment becomes increasingly challenging, due to the decline and downsizing of water treatment and wastewater treatment plants resulting from local fiscal difficulties and population decline, as well as intensifying competition, we are working to transform our business model, including through participation in public-private partnership (PPP) projects, and actively pursuing initiatives to win orders for replacement electrical equipment at water treatment and wastewater treatment plants and expand contracted maintenance and operations management services for water utility facilities.」

    In addition to expanding conventional replacement projects and maintenance services, the company explicitly identified business model transformation, including participation in public-private partnership (PPP) projects, broadening the means of developing its water business.
  18. FY2017-Q3RestatedAnnual report

    「Against this backdrop, we are actively pursuing initiatives to win orders for replacement electrical equipment at water treatment and wastewater treatment plants and expand contracted maintenance and operations management services for water utility facilities.」

    The company continues to win orders for domestic water utility facility replacement projects and expand contracted maintenance and operations management services.
  19. FY2017-Q2RestatedAnnual report

    「Against this backdrop, we are actively pursuing initiatives to win orders for replacement electrical equipment at water treatment and wastewater treatment plants and expand contracted maintenance and operations management services for water utility facilities.」

    The company continues to win orders for domestic water utility facility replacement projects and expand contracted maintenance and operations management services.
  20. FY2017-Q1First statedAnnual report

    「We are actively pursuing initiatives to win orders for replacement electrical equipment at water treatment and wastewater treatment plants and expand contracted maintenance and operations management services for water utility facilities.」

    The company is using expansion of contracted replacement, maintenance and operations management services, in addition to new construction projects, as a means of developing its domestic water and environmental business.
Moved together

"Strengthening the Earnings Base of Domestic Operations" moved the same way as this thread, in the same document, in 6 of its 22 moves.

665444★123456
  1. ★This thread
  2. 1Strengthening the Earnings Base of Domestic Operations6×
  3. 2One-stop maintenance services for entire facilities6×
  4. 3Growth and expansion in the overseas business5×
  5. 4Lower revenue and deterioration in earnings4×
  6. 5Interim dividend of ¥4 per share4×
  7. 6Interest-rate fluctuations on borrowings, commercial paper and bonds4×

★ 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
Meidensha's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Revisions to earnings forecasts of 2026-10-30: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.