Growth constraints from maturing domestic demand
First written in FY2016. 7 of 25 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Dkk-Toa moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Revenue declined in the domestic business as semiconductor plant construction plans were postponed and demand for public infrastructure remained sluggish.」
For domestic demand, postponements of semiconductor plant construction plans and sluggish public infrastructure demand emerged as actual factors behind the decline in revenue. - 2026-05-14WorsenedResults
「以上の結果、当連結会計年度の売上高は、国内における半導体工場建設計画の延期や公共インフラ需要が軟調に推移したこと、中国向け環境水質計の販売が想定を下回ったことなどにより、17,809百万円（前期比1.4％減）となりました。」
半導体設備需要と公共インフラ更新需要の取り込みによる従来の緩和状況に対し、工場建設計画の延期と公共インフラ需要の軟調化を減収要因として記載した。 - FY2026-H1MitigatedAnnual report
「Revenue increased as the domestic business captured strong demand for semiconductor-related capital equipment.」
In contrast to previous statements identifying mature and sluggish domestic demand as a growth constraint, the company reported higher domestic business revenue from capturing semiconductor-related capital equipment demand. - FY2024AdvancedAnnual report
「In Japan, we focused on capturing strong capital investment demand, mainly related to semiconductors, and demand for active public infrastructure replacement.」
For domestic demand, the company captured semiconductor-related capital investment demand and public infrastructure replacement demand, and domestic sales reached a record high. - FY2024-Q3MitigatedAnnual report
「In the environmental and process analysis instruments field, revenue increased substantially in Japan as the company captured strong semiconductor-related capital investment demand and active replacement demand for public infrastructure such as waste incineration facilities.」
In contrast to the previous constraint of mature and sluggish domestic demand, the company captured semiconductor-related capital investment demand and public infrastructure replacement demand, resulting in a substantial increase in revenue in this field. - FY2024-Q2AdvancedAnnual report
「In Japan, revenue increased substantially as we captured strong semiconductor-related capital investment demand and active replacement demand for public infrastructure such as water treatment plants, in addition to working through the order backlog.」
For domestic demand, the company captured semiconductor-related capital investment demand and public infrastructure replacement demand, resulting in a substantial increase in revenue as the order backlog was worked down. - FY2024-Q1MitigatedAnnual report
「In Japan, revenue increased substantially as we captured strong capital investment demand, particularly related to semiconductors.」
The company reported that it had captured capital investment demand related to semiconductors and achieved a substantial increase in revenue, indicating an improvement in domestic demand conditions despite the constraints on domestic demand. - FY2023-Q1MitigatedAnnual report
「In Japan, sales to government agencies were approximately at the usual level, while sales to private-sector companies increased as we successfully captured active capital investment demand, including demand in the storage battery market.」
Previously, increased orders from domestic private-sector companies had not translated into recognized sales, resulting in a slight decline in domestic sales, but this time the company captured capital investment demand and secured higher revenue. - FY2022-Q3RestatedAnnual report
「In Japan, orders from government agencies were approximately at the usual level, while orders from private-sector companies remained strong on recovering demand, particularly for core basic process analyzers and environmental water quality analyzers. However, they did not contribute to sales recognition during the quarter, and domestic sales declined slightly.」
In Japan, orders from government agencies were approximately at the usual level and orders from private-sector companies remained strong, but they were not recognized as sales, resulting in a slight decline in domestic sales. - FY2022-Q1MaterialisedAnnual report
「In Japan, sales to government agencies were approximately at the usual level, but although orders from private-sector companies increased as demand recovered, the increase did not contribute to sales recognition during the quarter, resulting in a slight decline in domestic sales.」
For domestic demand, orders from private-sector companies increased but were not recognized as sales, and domestic sales consequently declined slightly in actual results. - FY2021-Q3MaterialisedAnnual report
「In the environmental and process analysis instruments field, sales to government agencies in Japan were at approximately the usual level, but sales of basic process analyzers and environmental water quality analyzers to private-sector companies declined.」
For domestic demand, sales to government agencies were at approximately the usual level, while declining sales of products to private-sector companies emerged in actual results. - FY2021-Q2MaterialisedAnnual report
「We were also affected by the COVID-19 pandemic, resulting in difficult conditions, including the continued restraint of capital investment.」
In contrast to previous statements that domestic demand was continuing to recover, restrictions on capital investment due to the COVID-19 pandemic emerged in the company's business environment. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December 2019, the Japanese economy continued its moderate recovery amid concerns about the impact of US-China trade friction, while capital investment remained firm as companies sought to address labor shortages and improve productivity.」
The company indicated that the economic recovery and firm capital investment were continuing in Japan. - FY2020-Q2RestatedAnnual report
「Against this business environment, Japan's measuring instruments market continues to recover as corporate capital investment remains firm.」
The company continued to recognize that firm capital investment by domestic companies was supporting the ongoing recovery in the measuring instruments market. - FY2020-Q1RestatedAnnual report
「Japan's measuring instruments market continues to recover as corporate capital investment remains firm.」
The company continued to indicate that firm corporate capital investment was supporting the ongoing recovery in Japan's measuring instruments market. - FY2019-Q3RestatedAnnual report
「Regarding the business environment surrounding our group, corporate capital investment in Japan remains firm, the measuring instruments market continues to recover, and the medical equipment market is also trending toward expansion.」
The company reported that firm domestic capital investment, the recovery in the measuring instruments market and the expansion trend in the medical equipment market were continuing. - FY2019-Q2RestatedAnnual report
「Regarding the business environment surrounding our group, corporate capital investment in Japan remains firm, the measuring instruments market continues to recover, and the medical equipment market is also trending toward expansion.」
The company reported that firm domestic capital investment, the recovery in the measuring instruments market and the expansion trend in the medical equipment market were continuing. - FY2019-Q1RestatedAnnual report
「Regarding the business environment surrounding our group, Japan's measuring instruments market continues to recover, while the medical equipment market is also trending toward expansion.」
The company reported that the recovery in Japan's measuring instruments market and the expansion trend in the medical equipment market were continuing, again indicating an improvement in the domestic demand environment. - FY2018MitigatedAnnual report
「In Japan's environmental sector, where our core measuring instruments business operates, capital investment and replacement demand have remained firm.」
The company reported that capital investment and replacement demand remained firm in contrast to previously mature and sluggish domestic demand, indicating that the constraint on domestic demand had eased. - FY2018-Q3MitigatedAnnual report
「Regarding the business environment surrounding our group, Japan's measuring instruments market is on a recovery trend, while the medical equipment market is trending toward expansion.」
The company reported that the measuring instruments market was on a recovery trend, whereas mature and sluggish domestic demand had previously been a constraint, indicating an improving business environment. - FY2018-Q2MitigatedAnnual report
「Regarding the business environment surrounding our group, signs of recovery are emerging in Japan's overall measuring instruments market, including replacement demand, while the medical equipment market is trending toward expansion.」
Where mature and sluggish domestic demand had previously emerged as a growth constraint, the company now reported signs of recovery across Japan's measuring instruments market. - FY2017-Q3MaterialisedAnnual report
「Amid these conditions, third-quarter results showed increased overseas sales, led by exports to China, but this was insufficient to offset weak domestic demand and cancellations in the real estate leasing business, resulting in lower revenue and profit.」
Sluggish domestic demand continued and could not be fully offset even by increased overseas sales, resulting in lower revenue and lower profit. - FY2017-Q2MaterialisedAnnual report
「Overseas sales increased and partially offset the decline in domestic demand.」
The decline in domestic demand emerged in actual results for the period, with overseas sales partially offsetting it. - FY2017-Q1MaterialisedAnnual report
「Overseas sales increased, led by exports to China, but the sluggishness of domestic demand, together with cancellations in the real estate leasing business, resulted in lower revenue and lower profit.」
The previously identified growth constraints of mature and sluggish domestic demand emerged in actual results as factors behind lower revenue and lower profit for the quarter. - FY2016First statedAnnual report
「In particular, as domestic demand is in a mature phase, we are investing human resources in our overseas strategy while actively expanding our business activities.」
The domestic market is viewed as being in a mature phase, with overseas expansion positioned as a growth opportunity.