Weak Overseas Sales in the Machinery Business Due to a Slowdown in Emerging-Market Economies
First written in FY2017-Q2. 4 of 8 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2019.
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- FY2019DroppedAnnual report
「オリイメック株式会社, whose main products were industrial machinery, was excluded from the scope of consolidation from the third quarter of the fiscal year.」
In full-year disclosures following the transfer of オリイメック株式会社, the previous risk of weak overseas sales due to a slowdown in emerging-market economies is not identified separately. - FY2019-Q2MitigatedAnnual report
「In the Machinery business, whose main products are marine equipment at 佐世保重工業株式会社 and industrial machinery at オリイメック株式会社, capital investment by the automotive and semiconductor industries, the main customers in the industrial machinery sector, remained firm. Revenue for the six months ended 30 September was ¥6,094 million, up 18.8% year on year, while operating profit was ¥554 million, up 42.4%.」
Against a backdrop of capital investment by the automotive and semiconductor industries, revenue and operating profit in the Machinery business increased, mitigating the impact during the quarter of the weak overseas sales that emerged in the previous fiscal year. However, オリイメック株式会社 was transferred effective 1 October. - FY2018MitigatedAnnual report
「In the industrial machinery sector operated by オリイメック株式会社, the company actively responded to growing capital investment demand among domestic and overseas customer companies, offsetting the decline in the marine equipment sector. Revenue was ¥11,010 million, up 0.7% year on year, and operating profit was ¥807 million, up 5.6%.」
In the industrial machinery sector, responding to stronger customer appetite for capital investment partially absorbed the impact of the weak overseas sales that emerged in the previous fiscal year. The order backlog for industrial machinery was also ¥5,800 million, up 24.3% year on year. - FY2018-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, capital investment by the automotive industry, a major customer particularly in the industrial machinery field, remained firm, and the spring division also performed well. Revenue was ¥5,131 million, up 1.2% year on year, and operating profit was ¥389 million, up 64.3%.」
Unlike the weak overseas sales caused by the slowdown in emerging-market economies that emerged as a risk in the previous fiscal year, revenue and operating profit in the industrial machinery sector increased during the quarter, mitigating the impact on performance. - FY2018-Q1MitigatedAnnual report
「Revenue for the first quarter of the current consolidated cumulative period was ¥2,719 million, down 0.8% year on year. In terms of earnings, however, profits at the overseas sales subsidiary and Chinese manufacturing subsidiary of オリイメック株式会社 improved, resulting in operating profit of ¥375 million, up 104.3% year on year.」
Although revenue from overseas sales declined slightly, operating profit increased 104.3% year on year as profitability improved at overseas sales subsidiaries and the Chinese production subsidiary, partially mitigating the impact of the risk on performance. - FY2017MaterialisedAnnual report
「Although the Industrial Machinery division advanced in the United States and Mexico, it declined substantially in China and Southeast Asia, where the economic recovery remained sluggish. As a result, revenue was ¥10,936 million, down 11.8% year on year, while operating profit was ¥764 million, down 11.9%.」
Sluggish industrial machinery sales due to the stalled economic recovery in China and Southeast Asia resulted in full-year declines of 11.8% in revenue and 11.9% in operating profit. - FY2017-Q3MaterialisedAnnual report
「Revenue for the nine months ended 31 December was ¥7,792 million, down 11.8% year on year, partly due to weak overseas sales in the industrial machinery sector resulting from a slowdown in emerging-market economies. However, operating profit was ¥553 million, up 11.5% year on year, partly due to the effects of cost reductions.」
While weak overseas sales due to a slowdown in emerging-market economies continued to result in an 11.8% decline in revenue, operating profit increased due to cost reductions. - FY2017-Q2MaterialisedAnnual report
「During the six months ended 30 September, weak overseas sales due to a slowdown in emerging-market economies had a significant impact in the industrial machinery sector. Revenue was ¥5,071 million, down 10.2% year on year, while operating profit was ¥237 million, down 12.9%.」
Weak overseas sales due to a slowdown in emerging-market economies resulted in lower revenue and operating profit in the industrial machinery sector.