Steady demand for steel pipes, particularly from the construction and automotive sectors
First written in FY2018-Q2. 5 of 29 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Continued sluggish steel pipe demandAnnual report
「For ordinary steel products, demand for tourist buses showed signs of recovery as inbound demand recovered, but market conditions remained weak due to uncertainty in the export environment to North America and other factors. In construction-related businesses, postponements, plan revisions and cancellations of medium- and small-scale projects occurred one after another due to persistently high material prices and the impact of overtime work regulations, and demand remained sluggish.」
While demand for tourist buses showed signs of recovery, automotive market conditions remained weak. In construction-related businesses, medium- and small-scale projects were repeatedly postponed, reconsidered or cancelled, and demand remained sluggish. - FY2026-H1Further weakness in domestic steel pipe demand and weakening construction and manufacturing sectorsAnnual report
「For ordinary steel products, construction-related capital investment appetite declined due to labor shortages, higher material costs and the impact of regulations on overtime work, resulting in delays in starting projects and a decline in the number of projects. In automotive-related businesses, some recovery was seen as domestic production normalized, but overall conditions remained sluggish.」
In construction-related businesses, lower capital investment appetite led to delays in starting projects and a decline in the number of projects. Automotive-related business saw only a partial recovery, and demand remained sluggish overall. - FY2025Decline in demand for large-scale projects, logistics warehouses and data centersAnnual report
「For ordinary steel products, in addition to labor shortages and persistently high material prices in construction-related businesses, customers became more cautious, resulting in stalled or postponed starts of new projects, particularly medium- and small-scale projects, and a decline in order volume. In logistics-related businesses, demand for warehouses, data centers and pallets remained relatively firm, but price competition with rivals intensified further, causing selling prices to decline.」
In addition to stalled and postponed starts of medium- and small-scale projects, price competition intensified even in logistics warehouse and data center-related businesses, which had previously been relatively firm, causing selling prices to decline. - FY2025-H1Deterioration in steel pipe demand, including for large-scale projectsAnnual report
「For ordinary steel products, delays in starting projects and extensions to construction schedules caused by labor shortages and higher material costs in the construction sector began to be observed not only in medium- and small-scale projects but also in large-scale projects. As new projects declined, competition for orders among contractors intensified further. As a result, projects such as logistics warehouses and data centers, which had remained firm, also declined, while order prices struggled to grow.」
Large-scale projects, logistics warehouses and data centers had previously been relatively firm, but delays in starting large-scale projects and extensions to construction schedules spread, resulting in fewer projects, intensified competition for orders and stagnant order prices. - FY2024Weak steel pipe demand and delays in starting large-scale projectsAnnual report
「Demand remained weak for core construction-related projects such as logistics warehouses and data centers, as labor shortages and other factors caused delays and postponements in starting construction.」
Delays and postponements in starting construction occurred in core sectors, including large-scale projects, and steel pipe demand remained weak. - FY2024-Q3Weak steel pipe demand and delays in starting large-scale projectsAnnual report
「For ordinary steel products, inventory adjustments progressed as domestic steelmakers continued to restrain supply, and there were also signs of steel prices recovering. However, demand remained weak for core construction-related projects such as logistics warehouses and data centers, as labor shortages and other factors caused delays and postponements in starting construction.」
While steel prices showed signs of recovering, demand for core construction projects such as logistics warehouses and data centers remained weak due to delays and postponements in starting construction caused by labor shortages and other factors. - FY2024-Q2Construction and logistics demand plateaued amid weak market conditionsAnnual report
「Demand for ordinary steel products remained firm for large-scale redevelopment projects, particularly in the Tokyo metropolitan area. However, chronic labor shortages and persistently high material prices caused delays in starting and extending the schedules of medium- and small-scale projects, reducing the volume of new orders. Demand for logistics warehouse-related projects, which had remained firm, also began to show signs of weakening, and although the company focused on securing orders, sales volume declined slightly.」
Large-scale redevelopment remained firm, while chronic labor shortages and persistently high material prices caused delays in starting and extended schedules for medium- and small-scale projects, reducing new orders and sales volume. Logistics warehouse demand also showed signs of weakening. - FY2024-Q1Large-scale projects remained resilient, while logistics and other sectors paused and order competition intensifiedAnnual report
「Large-scale projects continued to remain solid. However, amid sluggish demand for medium- and small-scale projects, logistics warehouses, semiconductor plants and related ancillary projects, which had remained firm, also showed signs of a pause. As competition for orders among contractors intensified, sales volume declined.」
Large-scale projects remained resilient, but in addition to weak medium- and small-scale demand, logistics warehouse and semiconductor plant-related projects also showed signs of a pause, resulting in intensified competition for orders and lower sales volume. - FY2023-Q3Large-scale projects remained firm while medium- and small-scale projects reached a plateauAnnual report
「Demand for ordinary steel products remained firm for large-scale projects such as redevelopment in the Tokyo metropolitan area, public facilities and logistics centers. For medium- and small-scale projects, however, demand reached a plateau as plans were reviewed due to higher material and logistics costs and project starts were postponed because of labor shortages. Although sales volume declined, net sales increased due to persistently high selling prices.」
While demand for large-scale projects remained firm, higher material and logistics costs and labor shortages led to plan revisions and postponed project starts for medium- and small-scale projects, causing demand to plateau. The report states that persistently high selling prices offset the decline in volume. - FY2023-Q2Large-scale projects remained resilient while demand for medium- and small-scale projects weakenedAnnual report
「Demand for ordinary steel products centered on large-scale projects such as logistics warehouses and data centers remained solid. However, demand for medium- and small-scale projects began to show signs of weakening as investment plans were reviewed due to higher steel prices, while construction schedules and project starts were delayed by extreme summer heat and labor shortages.」
Demand for large-scale projects such as logistics warehouses and data centers remained solid, while higher steel prices, extreme heat and labor shortages led to investment plan reviews and delays in construction schedules and project starts for medium- and small-scale projects, with demand beginning to show signs of weakening. - FY2023-Q1RestatedAnnual report
「In ordinary steel products, medium- and small-scale construction projects remained weak due to uncertainty about the outlook, affecting the flow of goods at authorized distributors. By contrast, large-scale construction projects nationwide, including logistics warehouses, data centers and semiconductor plants, remained firm, particularly in the Tokyo and Kansai metropolitan areas.」
The report reconfirms a two-tiered demand pattern, with medium- and small-scale construction projects weak while large-scale projects such as logistics warehouses, data centers and semiconductor plants remained firm. - FY2022Firm demand for data centers and logistics warehouses coexisting with postponements of medium- and small-scale projectsAnnual report
「For ordinary steel products, although some small and medium-sized construction projects were postponed or canceled following plan revisions due to an uncertain outlook, construction projects for data centers and logistics warehouses remained firm, resulting in higher sales volumes than in the previous fiscal year.」
Although construction demand saw postponements and cancellations among medium- and small-scale projects, demand for data centers and logistics warehouses remained firm, and sales volume of ordinary steel products increased year on year. - FY2022-Q3Supply constraints in recovering demand areas, alongside postponements and cancellations of medium- and small-scale projectsAnnual report
「Even in areas that had previously been on a recovery trend, including construction, automotive and industrial machinery, the environment remained challenging as the global semiconductor shortage and supply chain disruptions centered in Southeast Asia caused difficulties in procuring parts across various sectors. In construction-related businesses, large-scale projects remained firm, while medium- and small-scale projects were postponed or cancelled following plan revisions prompted by higher raw material costs and uncertainty about the outlook.」
Even construction, automotive and industrial machinery, which had been on a recovery trend, experienced difficulties procuring parts due to semiconductor shortages and supply chain disruptions. In construction, large-scale projects remained firm, while medium- and small-scale projects were postponed or cancelled. - FY2022-Q2Steel pipe demand recovery coexisting with postponements and cancellations of medium- and small-scale projectsAnnual report
「Steel pipe demand was on a recovery trend in construction, automotive, industrial machinery and other sectors. In construction-related businesses, activity was seen in large-scale projects, while medium- and small-scale projects were postponed or cancelled following plan revisions prompted by higher raw material costs and uncertainty about the outlook.」
Steel pipe demand for construction, automotive and industrial machinery was on a recovery trend, while construction-related activity diverged between large-scale and medium- and small-scale projects, with postponements and cancellations among the latter. - FY2022-Q1Automotive recovery, public investment support and firm logistics demand coexistingAnnual report
「Demand for ordinary steel products related to automobiles was on a recovery trend, but uncertainty continued due to production constraints caused by the global semiconductor shortage and steel material shortages. In construction-related businesses, private-sector construction investment declined, while government construction investment, led by public works, supported the construction market. Logistics warehouse-related business also remained strong.」
Automotive demand was on a recovery trend, public works supported the construction market, and logistics warehouse-related business remained strong, while production constraints caused by semiconductor and steel material shortages continued. - FY2021-Q3Automotive and logistics firm; housing and medium- and small-scale building materials weakAnnual report
「Demand for ordinary steel products related to automobiles and logistics warehouses, as well as pallet demand associated with these projects, remained solid. Housing-related demand was sluggish due to the decline in personal consumption, and although there was activity in some large-scale projects, medium- and small-scale projects remained weak, with postponements and cancellations.」
Automotive, logistics warehouse and pallet demand remained solid, while housing-related demand and medium- and small-scale building materials projects were weak, with postponements and cancellations also occurring. - FY2021-Q2Automotive recovery, sluggish housing, and firm large-scale logistics projectsAnnual report
「Production resumed, mainly in the automotive sector, and economic activity showed signs of recovery, while housing-related activity remained sluggish. In building materials, medium- and small-scale projects were repeatedly postponed or cancelled, whereas large-scale projects, particularly in the Tokyo metropolitan area, remained active, and logistics warehouse-related projects also remained firm.」
The report describes the resumption of automotive production and a recovery trend, continued weakness in housing-related activity, postponements and cancellations of medium- and small-scale building materials projects, and firm conditions for large-scale projects and logistics warehouses. - FY2021-Q1Steel pipe demand diverged by end use during the pandemicAnnual report
「Against this backdrop, the steel pipe industry also saw some manufacturers, including those related to automobiles, adjust or suspend production due to the impact of the pandemic. In construction-related businesses, although there was activity in large-scale projects, particularly in the Tokyo metropolitan area, postponements and cancellations of medium- and small-scale projects were observed, while logistics warehouse-related projects remained firm.」
Production adjustments and suspensions were seen in the automotive sector and others, while medium- and small-scale construction projects were postponed or cancelled. Large-scale projects and logistics warehouse-related projects remained firm, indicating increasingly divergent demand. - FY2020Overlapping effects of declining demand and the pandemicAnnual report
「Against this backdrop, the steel pipe industry saw weak personal consumption and export conditions, with a pronounced weakening trend in manufacturing, including the automotive sector. Even the relatively resilient construction-related sector showed signs of a pause in projects related to the Tokyo Olympics and urban redevelopment, particularly in the Tokyo metropolitan area, and demand entered a declining trend.」
Steel pipe demand entered a declining trend against a backdrop of weakening manufacturing, a pause in urban redevelopment, and the impact of the pandemic, after previously resilient demand from the construction and automotive sectors. - FY2020-Q3Continued and deepening demand slowdownAnnual report
「Under these circumstances, amid rising uncertainty in the global economy, demand in the automotive and construction-related sectors also trended downward, affected by the consumption tax increase, in addition to declining investment appetite among export-oriented companies.」
Demand in the automotive and construction-related sectors shifted toward a slowdown due to uncertainty in the global economy, declining investment appetite among export-oriented companies and the impact of the consumption tax increase, compared with the previously firm construction and automotive-related demand. - FY2020-Q2Disclosed weakening steel pipe demandAnnual report
「Steel pipe demand weakened amid higher costs, including transportation expenses, due to rising raw material prices and labor shortages, as well as a growing sense that prices would decline in the future amid the slowdown in the Chinese economy associated with trade friction.」
The Company states that, despite traditionally firm construction and logistics-related demand, steel pipe demand began to weaken due to expectations of lower future prices resulting from the slowdown in the Chinese economy associated with trade friction and other factors. - FY2020-Q1Construction and logistics demand remained strong, while the outlook for automotive demand was uncertainAnnual report
「For ordinary steel products, the Company worked to secure orders, mainly in construction-related fields, while concerns grew about the outlook for automotive-related demand.」
The Company states that it worked to secure orders, mainly in construction-related fields, while the outlook for automotive-related demand was uncertain. - FY2019Disclosed a slowdown in demand in the second halfAnnual report
「During the period, the trend toward a slowdown became particularly pronounced in the second half, due to natural disasters such as torrential rain and typhoons, as well as operating problems at steelmakers. However, sales of ordinary steel products exceeded the previous year's level because demand from construction, automotive and truck-related sectors remained strong.」
Although steel pipe demand remained strong, mainly in construction and automotive applications, the slowdown became particularly pronounced in the second half due to natural disasters and operating problems at steelmakers. - FY2019-Q3RestatedAnnual report
「Demand for redevelopment in the Tokyo metropolitan area and major cities, as well as for hotels and logistics warehouses, has remained strong.」
The Company has reconfirmed the strength of steel pipe demand, particularly for redevelopment, hotels and logistics warehouses. - FY2019-Q2RestatedAnnual report
「Against this backdrop, in the steel pipe industry, although steel material prices are rising, demand for redevelopment in the Tokyo metropolitan area and major cities, as well as for hotels and logistics warehouses, remains strong.」
The Company has reconfirmed the strength of steel pipe demand, led by redevelopment in the Tokyo metropolitan area and major cities, and by hotels and logistics warehouses. - FY2019-Q1RestatedAnnual report
「Although steel material prices were trending upward in the steel pipe industry, demand for redevelopment in the Tokyo metropolitan area and major cities, as well as for hotels and logistics warehouses, remained strong.」
The Company has reconfirmed that construction demand for redevelopment, hotels and logistics warehouses has remained strong. - FY2018RestatedAnnual report
「During the consolidated fiscal year, steel pipe demand was trending upward. In the construction sector, demand increased for redevelopment projects in the Tokyo metropolitan area, hotels and logistics warehouses, while automotive-related demand also remained firm.」
The Company has reconfirmed the upward trend in steel pipe demand, led by construction and redevelopment, hotels and logistics warehouses, and automotive applications. - FY2018-Q3Growing demand and tightening supply and demandAnnual report
「Construction-related demand was active, with increased demand for redevelopment projects, mainly in the Tokyo metropolitan area, as well as hotels, logistics warehouses and other properties. Automotive-related demand also remained firm, and steel pipe demand was trending upward. At the same time, supply and demand for the steel materials used as inputs became increasingly tight.」
In addition to traditionally firm construction and automotive demand, demand for redevelopment projects, hotels and logistics warehouses increased, and steel pipe demand was described as trending upward. At the same time, steel material supply and demand became increasingly tight. - FY2018-Q2First statedAnnual report
「Redevelopment in the Tokyo metropolitan area and elsewhere, together with strong construction demand for hotels and logistics warehouses, remained active, while demand related to the automotive sector also remained firm.」
The market environment was characterized by firm demand for redevelopment, construction of hotels and logistics warehouses, and automotive-related demand.