Lower Domestic Fire-Alarm and Fire-Extinguishing Demand and Delayed Recovery in Residential Alarm Replacement Demand
First written in FY2019. 3 of 6 entries say "Worsened", first in FY2020. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022ReframedAnnual report
「In Japan in particular, construction market growth is highly likely to slow as a result of the declining birth rate and aging population, and if growth slows, this may affect the Group’s operating results, financial position and other aspects of its business.」
The company has broadened the description from issues involving conventional domestic fire alarm and fire protection demand and replacement demand for residential fire alarms to the market risk of slower construction market growth due to the declining birth rate and aging population. - FY2021-Q3RestatedAnnual report
「For the fiscal year ending March 2021, we set the above figures because domestic construction demand was reaching a plateau, while overseas sales of strategic products for mid- and large-scale markets was taking time, and capital investment by companies was expected to be restrained as the economy deteriorated due to COVID-19.」
The company continues to cite the pause in domestic construction demand, delays in expanding sales of overseas strategic products, the economic deterioration caused by COVID-19 and the expected restraint on corporate capital investment as assumptions underlying its earnings forecasts. - FY2021-Q2WorsenedAnnual report
「For the fiscal year ending March 2021, we set the above figures because domestic construction demand was reaching a plateau, while overseas sales of strategic products for mid- and large-scale markets was taking time, and capital investment by companies was expected to be restrained as the economy deteriorated due to COVID-19.」
The company identifies the pause in domestic construction demand, delays in expanding sales of overseas strategic products, the economic deterioration caused by COVID-19 and the expected restraint on corporate capital investment as risks underlying its earnings forecasts. - FY2021-Q1WorsenedAnnual report
「For the fiscal year ending March 2021, we set the above figures because domestic construction demand was reaching a plateau, while overseas sales of strategic products for mid- and large-scale markets was taking time, and capital investment by companies was expected to be restrained as the economy deteriorated due to COVID-19.」
The company identifies the pause in domestic construction demand, delays in expanding sales of overseas strategic products, the economic deterioration caused by COVID-19 and the expected restraint on corporate capital investment as risks underlying its earnings forecasts. - FY2020WorsenedAnnual report
「In light of the earlier-than-expected peak in Japan’s construction market, the time required to expand sales of strategic products in medium- and large-scale overseas markets, the industry-wide stagnation in replacement demand for residential fire alarms, and the expectation that manufacturing costs will continue to rise, the company plans to review the targets.」
The company identifies the earlier-than-expected peak in Japan’s construction market, weak replacement demand for residential fire alarms and the outlook for rising manufacturing costs as factors in reviewing the targets. - FY2019First statedAnnual report
「Although the decline in demand in the domestic fire alarm and firefighting markets is as expected, its scale remains uncertain. In the detached-home market, replacement demand for residential fire alarms has not yet emerged, leaving the outlook uncertain,」
The company states for the first time that declining demand in Japan’s fire alarm and fire protection markets and the lack of emerging replacement demand for residential fire alarms are factors in reviewing its plan targets.