Review of the railway investment plan, delays in overseas project schedules, and postponement of tenders
First written in FY2023-Q1. 3 of 9 entries say "Mitigated", first in FY2024-Q1. Latest entry: 2026-08-07.
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- 2026-08-07MaterialisedEarnings presentation
「Difficulties in procuring solvents and other materials affected our production processes. We are working to minimise the impact by obtaining substitute materials and strengthening procurement coordination among global sites, while negotiating delivery-date adjustments with customers」
Disclosed that procurement difficulties associated with the situation in the Middle East had actually affected railcar production processes, and described responses involving substitute materials, coordination among sites and delivery-date adjustments with customers. - FY2026MitigatedAnnual report
「• Compliance with delivery schedules for overseas projects: Dhaka Line 6 — final vehicle deliveries completed in fiscal 2024, depot equipment delivery in fiscal 2026. US R211 — final vehicle dispatches completed in fiscal 2024 under the Base contract, start of mass-production vehicle deliveries under the Option 1 contract, and final vehicle delivery in fiscal 2025 under the Base contract.」
In response to the previously identified risk of schedule delays in overseas projects, the Company disclosed specific progress in rolling stock deliveries and commissioning for Dhaka Line 6 and the US R211 project. - FY2025-H1MitigatedAnnual report
「Railway passenger numbers have recovered to approximately 90% of pre-COVID levels, partly due to the recovery in inbound tourism, and investment in railway rolling stock in Japan is gradually resuming. Meanwhile, the prolonged procurement lead times for equipment, particularly electronic components, and the impact of rising prices require close monitoring.」
The Company explained that railway passenger numbers had recovered to approximately 90% of pre-COVID levels and that investment in railway rolling stock in Japan was gradually resuming. Prolonged procurement lead times for electronic components and rising prices remain ongoing concerns. - FY2024-Q3RestatedAnnual report
「The business environment surrounding the rolling stock business is improving as passenger numbers recover following the easing of COVID-19, and investment in railway rolling stock is gradually resuming both in Japan and overseas. Although the immediate impact is limited, shortages of electronic components and other supplies, logistics disruptions and high raw material prices remain under close watch, despite signs that these issues are easing.」
The Company continues to monitor the resumption of investment in railway rolling stock, shortages of electronic components, logistics disruptions and high raw material prices. - FY2024-Q1MitigatedAnnual report
「The business environment surrounding the rolling stock business is improving as passenger numbers recover following the easing of COVID-19, and investment in railway rolling stock is gradually resuming both in Japan and overseas.」
In response to the previously identified risks of revised domestic investment plans and delays in overseas projects, the Company reported the recovery in passenger numbers and the resumption of railway rolling stock investment in Japan and overseas. It continues to monitor shortages of electronic components and logistics disruptions, among other factors. - FY2023WorsenedAnnual report
「Although revenue increased, business profit was ¥1.3 billion, roughly unchanged from the previous fiscal year, due mainly to the impact of delays in the schedule for the rolling stock project for the Long Island Rail Road in the United States.」
Delays in overseas railway projects became a factor weighing on business profit for the full fiscal year. As in the previous quarter, the Company reported the impact of delays in the Long Island Rail Road project in the United States. - FY2023-Q3WorsenedAnnual report
「Although revenue increased due to factors including higher sales of rolling stock for Asia, business profit declined by ¥2.1 billion year on year to ¥0.7 billion, mainly due to the impact of delays in the schedule for the rolling stock project for the Long Island Rail Road in the United States.」
Following the previous quarter, delays in the Long Island Rail Road project in the United States affected business profit, which declined by ¥2.1 billion year on year for the cumulative third quarter. - FY2023-Q2MaterialisedAnnual report
「Although revenue increased due to factors including higher sales of rolling stock for Asia, business profit deteriorated by ¥1.3 billion year on year to a loss of ¥0 billion, mainly due to the impact of delays in the schedule for the rolling stock project for the Long Island Rail Road in the United States.」
The overseas project schedule delays identified as a risk in the previous quarter materialized in the results as deterioration in profit from the Long Island Rail Road project in the United States. - FY2023-Q1First statedAnnual report
「The business environment surrounding the rolling stock business is being affected by the spread of COVID-19, with revisions to railway-related investment plans becoming a reality in Japan and schedule delays and postponed bids emerging in overseas markets.」
Revisions to domestic railway-related investment plans, delays in overseas project schedules and postponed bids were individually identified for the first time as specific business-environment risks for the rolling stock business.