Construction equipment orders recover as inventory adjustments in China are nearly complete
First written in FY2017-Q2. 15 of 34 entries say "Restated". Latest entry: 2026-08-03.
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- 2026-08-03RestatedEarnings
「Automotive sales decreased year on year due to lower orders and other factors.」
In China, the downward pressure on sales from lower automotive orders continued. - FY2026RestatedAnnual report
「Automotive revenue declined year on year due to lower orders and other factors, while revenue from construction and industrial machinery applications increased year on year due to higher orders and other factors.」
In China, the pattern of lower automotive orders alongside higher orders for construction and industrial machinery applications continued. - 2026-04-27WorsenedFinancial Results Presentation
「Sales to the automotive and commercial-vehicle sectors continued to decline, while sales to Japanese construction and industrial machinery customers increased slightly. Overall, revenue decreased by approximately ¥2.2 billion from the previous fiscal year.」
In China, continued declines in automotive and commercial-vehicle sales were not offset by a slight increase in sales to construction and industrial machinery customers, resulting in lower overall revenue. - FY2026-H1RestatedAnnual report
「Automotive revenue declined year on year due to lower orders and other factors, while revenue from construction and industrial machinery applications increased year on year due to higher orders and other factors.」
In China, the pattern of lower automotive orders alongside higher orders for construction and industrial machinery applications continued. - FY2025Higher orders for construction and industrial machinery applications alongside lower automotive ordersAnnual report
「Revenue from construction and industrial machinery applications increased due to higher orders and other factors, while automotive revenue declined year on year due to lower orders and other factors.」
In China, higher orders for construction and industrial machinery applications were cited, while automotive revenue declined due to lower orders. - FY2025-H1RestatedAnnual report
「Automotive revenue declined year on year due to lower commercial vehicle sales and a decline in ordered vehicle models resulting from the market downturn, among other factors. Revenue from construction and industrial machinery applications also declined year on year due to lower orders and other factors.」
In China, revenue remained under pressure for both automotive and construction and industrial machinery applications due to the market downturn and lower orders. - FY2024WorsenedAnnual report
「Revenue from automotive and construction and industrial machinery applications declined from the previous period due to lower orders resulting from the market downturn and other factors.」
In China, lower orders due to the market downturn were cited for both automotive and construction and industrial machinery applications, and China segment revenue declined 10.4% on a foreign-currency basis. - FY2024-Q3WorsenedAnnual report
「Revenue from automotive and construction and industrial machinery applications declined year on year due to lower orders resulting from the market downturn and other factors. As a result, segment revenue declined by ¥2,175 million year on year to ¥15,314 million. On a foreign-currency basis, revenue declined 15.0%.」
In China, lower orders due to the market downturn were cited for both automotive and construction and industrial machinery applications, and segment revenue declined 15.0% on a foreign-currency basis. - FY2024-Q1WorsenedAnnual report
「Revenue from construction and industrial machinery applications declined year on year due to lower orders and other factors.」
For construction and industrial machinery revenue in China, the pressure has continued to shift from a period when growth in orders from major customers and market recovery were cited to a decline in revenue due to lower orders. - FY2023-Q3WorsenedAnnual report
「Revenue from automotive and construction and industrial machinery applications declined year on year due to weaker demand in China resulting from the impact of the coronavirus and the semiconductor shortage, among other factors. As a result, segment revenue declined by ¥61 million year on year to ¥17,490 million. On a foreign-currency basis, revenue declined 14.8%.」
In China, demand remained under pressure for both automotive and construction and industrial machinery applications, and segment revenue declined 14.8% on a foreign-currency basis. - FY2023-Q2WorsenedAnnual report
「Revenue from automotive and construction and industrial machinery applications declined year on year due to the Shanghai lockdown, the semiconductor shortage and other factors. As a result, segment revenue declined by ¥1,614 million year on year to ¥10,713 million. On a foreign-currency basis, revenue declined 27.6%.」
For revenue in China, including construction and industrial machinery applications, the filing cited the impact of the Shanghai lockdown and the semiconductor shortage in addition to previously cited lower orders, and quantified the decline in revenue. - FY2023-Q1RestatedAnnual report
「Revenue from construction and industrial machinery applications declined year on year due to lower orders and other factors.」
In China, revenue continued to be pressured by lower orders for construction and industrial machinery applications, as in the previous period. - FY2022WorsenedAnnual report
「Automotive revenue declined year on year due to lower commercial vehicle sales and reduced orders from Japanese customers. Revenue from construction and industrial machinery applications also declined year on year due to lower orders and other factors.」
In China, the explanation changed from a combination of lower automotive revenue and higher construction and industrial machinery revenue in the third quarter to a decline in revenue for both applications for the full year. - FY2022-Q3Lower automotive sales coexisted with higher construction industrial machinery salesAnnual report
「Automotive sales declined from the previous period due to lower commercial vehicle sales and other factors, despite higher orders from Japanese customers. Construction industrial machinery sales increased from the previous period due to higher orders and other factors.」
In China, although automotive orders from Japanese customers increased, automotive sales declined due to lower commercial vehicle sales and other factors, while construction industrial machinery sales increased due to higher orders and other factors. - FY2022-Q2MitigatedAnnual report
「Sales for automotive and construction and industrial machinery applications had declined in the previous period due to lower orders from major customers amid the spread of COVID-19, but increased sharply from the previous period in the current period, due in part to higher orders.」
In China, orders changed from declining to increasing at key customers, and automotive and construction industrial machinery sales increased significantly year on year. Operating profit in the China segment also increased by ¥815 million. - FY2022-Q1AdvancedAnnual report
「Sales of automotive and construction industrial machinery increased significantly from the previous period due to higher orders and other factors, compared with the previous period, when orders from key customers had declined due to the impact of the spread of COVID-19 infections.」
In China, orders changed from declining to increasing at key customers, and automotive and construction industrial machinery sales increased by ¥2,577 million, or 67.9%, year on year. - FY2021-Q3MitigatedAnnual report
「Sales of automotive and construction industrial machinery increased year on year as they recovered ahead of other countries from the impact of the spread of COVID-19 infections.」
In China, the recovery ahead of other countries continued, with automotive and construction industrial machinery sales increasing year on year and operating profit also rising by ¥181 million. - FY2021-Q2Recovery in the Chinese market coexisted with lower year-on-year salesAnnual report
「Sales of automotive and construction industrial machinery have recovered ahead of other countries from the impact of the spread of COVID-19 infections, but declined year on year.」
Although the Chinese market is said to be recovering ahead of other countries, automotive and construction industrial machinery sales remain below the year-earlier level. - FY2021-Q1WorsenedAnnual report
「Sales of automotive and construction industrial machinery declined year on year due to lower sales by key customers and other factors associated with the spread of COVID-19 infections.」
In China, in addition to the previous decline in orders for construction industrial machinery from key customers, automotive sales also declined due to lower sales by key customers, putting downward pressure on both product areas. - FY2020Higher automotive sales coexisted with lower construction machinery salesAnnual report
「Automotive sales increased from the previous period as sales to Japanese customers rose, despite lower sales to local customers. Sales of construction industrial machinery declined from the previous period as orders from key customers fell.」
In China, higher automotive sales to Japanese customers contributed positively, while construction industrial machinery sales declined due to lower orders from key customers. - FY2020-Q3WorsenedAnnual report
「Sales of construction industrial machinery declined year on year as orders from key customers fell.」
The explanation changed from the continuing recovery of the domestic Chinese market and higher orders from key customers to a decline in construction industrial machinery sales due to lower orders from key customers. - FY2020-Q2WorsenedAnnual report
「Sales of construction industrial machinery declined year on year as orders from key customers fell.」
The explanation changed from the continuing recovery of the domestic Chinese market and higher orders from key customers to a decline in construction industrial machinery sales due to lower orders from key customers. - FY2020-Q1RestatedAnnual report
「Sales of construction industrial machinery increased year on year as orders from key customers rose.」
The increase in construction industrial machinery sales due to higher orders from key customers in China continues to be reported. - FY2019RestatedAnnual report
「Sales of construction industrial machinery increased from the previous period due to higher orders from key customers in the first half of the year.」
The increase in construction industrial machinery sales due to higher orders from key customers in China continues to be reported. - FY2019-Q3RestatedAnnual report
「Sales of construction industrial machinery increased year on year due to higher orders from key customers.」
The increase in construction industrial machinery sales due to higher orders from key customers in China continues to be reported. - FY2019-Q2RestatedAnnual report
「Sales of construction industrial machinery increased year on year due to higher orders resulting from strong conditions in the domestic Chinese market.」
The increase in construction industrial machinery sales due to strong conditions in the domestic Chinese market and higher orders continues to be reported. - FY2019-Q1RestatedAnnual report
「Sales of construction industrial machinery increased year on year due to higher orders resulting from strong conditions in the domestic Chinese market.」
The increase in construction industrial machinery sales due to strong conditions in the domestic Chinese market and higher orders continues to be reported. - FY2018RestatedAnnual report
「Sales of construction industrial machinery increased significantly due to strong conditions in the domestic Chinese market.」
The increase in construction industrial machinery sales due to the recovery and strength of the domestic Chinese market continues to be reported. - FY2018-Q3RestatedAnnual report
「Sales of construction industrial machinery increased due to strong conditions in the domestic Chinese market.」
The increase in construction industrial machinery sales due to strong conditions in the domestic Chinese market continues to be reported. - FY2018-Q2RestatedAnnual report
「Sales of construction industrial machinery increased due to the recovery of the domestic Chinese market.」
The increase in construction industrial machinery sales due to the recovery of the domestic Chinese market continues to be reported. - FY2018-Q1RestatedAnnual report
「Sales of construction industrial machinery increased due to the recovery of the domestic Chinese market.」
The increase in construction industrial machinery sales due to the recovery of the domestic Chinese market continues to be reported. - FY2017ReframedAnnual report
「Sales of construction industrial machinery increased, helped by higher orders for ASEAN and South Korea and higher orders resulting from the recovery of the domestic Chinese market.」
The wording changed from the previous explanation that inventory adjustments by the various customers were nearly complete to higher orders through recovery in the domestic Chinese market. - FY2017-Q3RestatedAnnual report
「Sales of construction industrial machinery increased, helped by higher orders for ASEAN and South Korea and higher orders as inventory adjustments by the various customers were nearly complete.」
Higher orders for construction industrial machinery resulting from the near completion of inventory adjustments by the various customers continue to be reported. - FY2017-Q2First statedAnnual report
「Sales of construction industrial machinery increased, helped by higher orders for ASEAN and higher orders as inventory adjustments by the various customers were nearly complete.」
Inventory adjustments by the various customers in China were nearly complete, contributing to higher orders for construction industrial machinery.