Weak demand for construction and mining machinery
First written in FY2016. 9 of 34 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-11-06.
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- FY2026Signs that demand for hydraulic excavators is bottoming outAnnual report
「In the construction equipment industry, demand for hydraulic excavators showed signs of bottoming out after a period of decline. Demand for mining equipment showed signs of stagnation.」
Demand for hydraulic excavators changed from the previous global decline and weakness to signs of bottoming out, while demand for mining equipment continued to show signs of stagnation. - FY2026-H1RestatedAnnual report
「In the construction equipment industry, global demand for hydraulic excavators remained weak. Demand for mining equipment also showed signs of stagnation.」
The weakness of global demand for hydraulic excavators and the stagnation of mining equipment demand continued to be reported. - FY2025WorsenedAnnual report
「In the construction equipment industry, global demand for hydraulic excavators continued to decline. Demand for mining equipment also showed signs of stagnation.」
Global demand for hydraulic excavators continued to decline, and demand for mining equipment also showed signs of stagnation. - FY2025-H1WorsenedAnnual report
「In the construction equipment industry, global demand for hydraulic excavators continued to decline. Demand for mining equipment also showed signs of stagnation in some regions.」
Global demand for hydraulic excavators continued to decline, while demand for mining equipment also began to show signs of stagnation in some regions. - FY2024-Q3Declining demand in China, slowing demand in other regions and stagnating mining demand in some areasAnnual report
「In the construction equipment industry, demand for hydraulic excavators remained firm in North America, but continued to decline sharply in China, while signs of slowing emerged in other regions. Demand for mining equipment remained strong, although stagnation was observed in some regions.」
Demand for hydraulic excavators remained firm in North America, while a sharp decline in demand in China and signs of slowing in other regions continued, and stagnation in mining equipment demand emerged in some regions. - FY2024-Q2WorsenedAnnual report
「In the construction equipment industry, demand for hydraulic excavators remained firm in North America, but continued to decline sharply in China, while signs of slowing emerged in other regions. Demand for mining equipment remained strong, supported by robust demand for resources.」
Demand for hydraulic excavators remained firm in North America, while demand in China continued to decline sharply and signs of slowing emerged in other regions. Strong demand for mining equipment continued. - FY2024-Q1Declining demand for hydraulic excavators in China alongside firm demand in other regions and for mining equipmentAnnual report
「In the construction equipment industry, demand for hydraulic excavators declined sharply in China but remained generally firm in other regions. Demand for mining equipment also remained strong, supported by robust demand for resources.」
The regional differences were described: demand for hydraulic excavators declined sharply in China, while construction equipment demand in other regions was generally firm and demand for mining equipment was also strong. - FY2023-Q3The impact of parts shortages on construction equipment production became apparentAnnual report
「In the construction equipment industry, demand remained firm in the United States and Southeast Asia, but the impact of parts shortages on construction equipment production has recently begun to emerge. Demand for mining equipment remained strong, supported by robust demand for resources.」
Demand in the United States and Southeast Asia and demand for mining equipment are strong, but the impact of parts shortages on construction equipment production has newly begun to emerge. - FY2023-Q1Declining domestic demand alongside strong overseas and mining demandAnnual report
「In the construction machinery industry, domestic demand declined, while demand remained firm in the US and Southeast Asia. Demand for mining machinery also remained strong, driven by higher resource prices.」
Construction equipment demand declined in Japan but remained firm in the United States and Southeast Asia, while demand for mining equipment was also strong. - FY2022-Q3MitigatedAnnual report
「In the construction equipment industry, demand for hydraulic excavators increased in the United States, Europe, Southeast Asia and other regions. Demand for mining equipment also remained strong worldwide due to higher resource prices.」
Demand for hydraulic excavators increased in the United States, Europe, Southeast Asia and other regions, while demand for mining equipment also strengthened against a backdrop of higher resource prices, reducing the risk of weak demand. - FY2022-Q1MitigatedAnnual report
「In the construction equipment industry, demand for hydraulic excavators increased, particularly in the United States and Southeast Asia. Demand for mining equipment also remained strong, driven by higher resource prices.」
Demand for hydraulic excavators increased in the United States and Southeast Asia, while demand for mining equipment also strengthened against a backdrop of higher resource prices, easing weak-demand conditions. - FY2021-Q3Demand recovery coexisting with weak sales in the first half of the fiscal periodAnnual report
「The construction equipment industry also moved toward recovery as economic activity resumed in China and other regions. However, weak demand in the first half of the fiscal period weighed on results, and hydraulic excavator production declined. Demand for mining equipment also declined, particularly in Southeast Asia.」
While signs of recovery emerged in China and other regions as economic activity resumed, hydraulic excavator production declined due to the impact of weak demand in the first half of the fiscal period, and demand for mining equipment also declined, particularly in Southeast Asia. - FY2021-Q2WorsenedAnnual report
「The construction equipment industry also remained sluggish, with production in the United States and Southeast Asia continuing to stagnate, while mining equipment production declined sharply worldwide.」
Construction equipment production in the United States and Southeast Asia remained sluggish, while mining equipment production fell sharply worldwide. The impact of weak demand continued and expanded. - FY2021-Q1WorsenedAnnual report
「The construction equipment industry was similarly affected, with hydraulic excavator production declining sharply except in China, while mining equipment production remained at low levels worldwide.」
Due to the spread of COVID-19, hydraulic excavator production declined sharply except in China, and mining equipment production also fell to low levels worldwide. - FY2020WorsenedAnnual report
「In the automotive industry, production volumes in Japan, North America and China declined from the previous fiscal year. In the construction machinery industry, production of Japanese manufacturers' hydraulic excavators fell sharply due to declining sales and inventory adjustments in China, Southeast Asia and elsewhere, as well as typhoon damage and other factors in Japan. In addition, mining machinery demand declined, mainly in Southeast Asia, due to lower resource prices.」
Declines in automobile production, hydraulic excavator production and demand for mining equipment occurred in multiple regions, and the impact of weak demand expanded. - FY2020-Q3WorsenedAnnual report
「In the construction machinery industry, production of Japanese manufacturers' hydraulic excavators fell sharply year on year due to declining sales and inventory adjustments in China, Southeast Asia and elsewhere, as well as the impact on the domestic supply chain from typhoon damage. In addition, mining machinery demand declined in Southeast Asia and elsewhere due to lower resource prices. Against this backdrop, although the Group's sales volume of aluminium wheels increased, sales volumes of undercarriage components for construction machinery and wheels for mining machinery declined sharply, while sales of other products also decreased. As a result, net sales were ¥134,647 million, down 4.0% year on year, and operating profit was ¥2,672 million, down 61.7% year on year.」
Declining sales in China and Southeast Asia, inventory adjustments, the impact of typhoon damage on the supply chain and lower mining machinery demand due to falling resource prices coincided, sharply reducing sales volumes of undercarriage components for construction machinery and other products and resulting in a 61.7% year-on-year decline in operating profit. - FY2020-Q2WorsenedAnnual report
「In the construction machinery industry, sales volumes of Japanese manufacturers' hydraulic excavators declined in China, Southeast Asia and elsewhere, and signs of inventory adjustments also emerged. In addition, mining machinery demand declined in Southeast Asia and elsewhere due to lower resource prices. Against this backdrop, although the Group's sales volume of undercarriage components for construction machinery and wheels for mining machinery, among other products, declined, the new consolidation of 旭テック株式会社, an aluminium wheel manufacturer, contributed to net sales of ¥92,264 million, up 7.5% year on year. However, the significant decline in sales volumes of undercarriage components for construction machinery resulted in operating profit of ¥1,993 million, down 45.6% year on year.」
The decline in Japanese manufacturers' hydraulic excavator sales in China and Southeast Asia, inventory adjustments and the decline in mining machinery demand due to lower resource prices were recorded, with the decline in sales volumes of undercarriage components for construction machinery reflected in a 45.6% year-on-year decline in operating profit. - FY2020-Q1MaterialisedAnnual report
「Against this backdrop, the new consolidation of 旭テック株式会社, an aluminium wheel manufacturer, contributed to net sales of ¥47,115 million, up 18.1% year on year. However, a decline in sales volumes of undercarriage components for construction machinery and wheels for mining machinery, among other factors, resulted in operating profit of ¥1,332 million, down 39.0% year on year.」
The decline in sales volumes of undercarriage components for construction machinery and wheels for mining machinery materialised as a 39.0% year-on-year decline in operating profit. - FY2019RestatedAnnual report
「In the construction machinery industry, global demand for hydraulic excavators expanded, led by China and North America. Demand for mining machinery worldwide also remained strong.」
The company reconfirmed that construction machinery demand, led by China and North America, expanded and that mining machinery demand remained strong. - FY2019-Q2RestatedAnnual report
「In the construction machinery industry, domestic sales of hydraulic excavators declined due to the reaction from the previous year's rush demand ahead of emissions regulations, while overseas demand, led by China and North America, continued to expand. Demand for mining machinery worldwide also remained strong.」
The company reconfirmed the coexistence of a decline in domestic hydraulic excavator sales following the previous year's rush demand and expansion in overseas demand, mainly in China and North America, and in mining machinery demand. - FY2019-Q1Domestic demand declined while overseas demand expandedAnnual report
「In the construction machinery industry, domestic sales of hydraulic excavators declined from the previous year, when there was rush demand ahead of emissions regulations, while overseas demand, led by China, expanded. Demand for mining machinery also expanded worldwide.」
Domestic hydraulic excavator sales declined following the previous year's rush demand, while overseas demand, led by China, and mining machinery demand worldwide expanded. - FY2018MitigatedAnnual report
「In the construction machinery industry, domestic sales of hydraulic excavators increased on rush demand ahead of emissions regulations, while demand in China also rose sharply against a backdrop of infrastructure investment. Demand for mining machinery also expanded, driven by higher coal prices and other factors.」
The expansion of domestic and China construction machinery demand and mining machinery demand was confirmed for the full year, and weak demand eased further. - FY2018-Q3MitigatedAnnual report
「In the construction machinery industry, domestic sales increased on rush demand ahead of emissions regulations and firm construction demand, while demand in China also expanded on higher infrastructure investment. Demand for mining machinery also expanded, driven by higher coal prices and other factors.」
The expansion of domestic and China construction machinery demand and mining machinery demand continued, further reducing the risk of weak demand. - FY2018-Q2MitigatedAnnual report
「In the construction machinery industry, domestic sales increased on rush demand ahead of emissions regulations, while demand in China also expanded on higher infrastructure investment. Demand for mining machinery also expanded, driven by higher coal prices and other factors.」
Domestic and China construction machinery demand and mining machinery demand expanded, further reducing the risk of weak demand. - FY2018-Q1MitigatedAnnual report
「In the construction machinery industry, domestic sales increased on rush demand ahead of emissions regulations, while demand in China also expanded on higher infrastructure investment. Demand for mining machinery likewise followed a recovery trend.」
Domestic and China construction machinery demand expanded, and mining machinery demand began to recover, reducing the risk of weak demand from the previous quarter. - FY2017-Q3Signs of recovery in the China market, while Japan and mining remained weakAnnual report
「In the construction machinery industry, domestic demand declined, while signs of a recovery in demand were seen in the China market. Demand for mining machinery, however, remained weak.」
While signs of a recovery in demand were seen in the China market, domestic construction machinery demand declined and weak mining machinery demand continued. - FY2017-Q2MaterialisedAnnual report
「In addition, domestic demand in the construction machinery industry declined, while markets in China and Southeast Asia also remained sluggish. Demand for mining machinery likewise remained weak.」
Weak construction machinery demand and mining machinery demand in Japan, China and Southeast Asia continued. - FY2017-Q1MaterialisedAnnual report
「In addition, the construction machinery industry remained sluggish in China and Southeast Asia, while demand for mining machinery continued to be weak. Against this backdrop, the Group was significantly affected by declining sales volumes of undercarriage components for construction machinery and wheels in Japan, resulting in net sales of ¥29,901 million, down 11.4% year on year.」
Continued weakness in the construction machinery markets of China and Southeast Asia and in mining machinery demand materialised as declines in sales volumes of related products and net sales. - FY2016First statedAnnual report
「However, the sharp decline in sales volumes of undercarriage components for construction machinery due to weak construction machinery demand in emerging markets, including China, as well as the decline in sales volumes of passenger-car wheels, particularly for mini vehicles, resulted in net sales of ¥134,099 million, down 11.2% year on year, and operating profit of ¥5,320 million, down 23.1% year on year.」
The decline in sales volumes of construction machinery components and passenger-car wheels materialised in actual results.