Strong demand for stainless steel pipes for food, medical, water treatment and railway applications, and an increase in construction projects
First written in FY2019-Q1. 10 of 27 entries say "Restated". Latest entry: 2026-08-07.
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- 2026-08-07MitigatedEarnings
「Demand for stainless steel products remained firm in semiconductor manufacturing equipment, energy-related applications, food machinery and pharmaceutical applications. In the construction and building materials fields, demand recovery has been delayed by construction delays caused by labor shortages and soaring material prices. However, inquiries gradually increased and signs of a moderate recovery emerged.」
For stainless steel products, the Company indicated firm demand in several growth and end-use sectors, along with an increase in inquiries in the construction and building materials fields. - FY2026WorsenedAnnual report
「For stainless steel products, a certain level of demand remained, particularly in food and medical applications, albeit at a low level, and the shipbuilding sector remained firm. However, intensified price competition due to inflows of overseas steel and a delayed recovery in semiconductor-related demand resulted in limited growth in both volume and value.」
While some demand in the food, medical and shipbuilding sectors was maintained, stainless steel-related volumes and sales value remained sluggish because of the delayed recovery in semiconductor-related demand and price competition caused by the inflow of overseas materials. - FY2026-H1WorsenedAnnual report
「For stainless steel products, demand for shipbuilding, food and pharmaceuticals, and water treatment remained firm. However, anticipated projects related to semiconductors and new energy failed to materialize, and orders for large capital investments remained sluggish. As domestic demand cooled, inventories accumulated in the market and buying restraint by authorized distributors became pronounced. Together with the inflow of low-priced imports, this accelerated the decline in product prices.」
Although some traditional major applications remained resilient, semiconductor and new-energy projects and large-scale capital investment were sluggish, and the stainless steel demand and pricing environment continued to deteriorate owing to inventory buildup, restrained purchasing and the inflow of imports. - FY2025WorsenedAnnual report
「For stainless steel products, demand recovery was delayed for large capital projects related to automobiles, construction machinery and building materials, and semiconductor equipment, while demand for food, pharmaceuticals and water treatment remained firm. Although the company secured solid orders in certain areas, including shipbuilding, the decline in international nickel prices and inflow of low-priced imports spread expectations of lower prices in the domestic market, prompting further restraint in buying.」
While demand in some areas, including food and pharmaceuticals, water treatment and shipbuilding, remained resilient, the delayed recovery in large-scale equipment projects, falling nickel prices and expectations of lower prices caused by the inflow of imports continued to hold back purchases. - FY2025-H1WorsenedAnnual report
「For stainless steel products, buying was held back by expectations of lower product prices as international nickel prices gradually declined. Low-priced imports continued to arrive, and domestic product prices also fell. Demand remained resilient for equipment-related projects in the medical, food and pharmaceutical sectors and for public-investment-related projects such as water treatment, allowing us to secure a certain level of orders. However, order volumes for semiconductor manufacturing equipment and construction materials, where demand recovery has been delayed, declined, and sales volumes remained sluggish, resulting in lower earnings.」
While demand related to medical care, food, pharmaceuticals and water treatment remained resilient, order volumes for semiconductor manufacturing equipment and construction materials declined, sales volumes remained sluggish and earnings fell, indicating a delayed recovery across major applications. - FY2024WorsenedAnnual report
「In addition, production adjustments continued for an extended period in the semiconductor manufacturing equipment and building materials sectors, which require stainless steel, while demand for medical, food, pharmaceutical and water treatment, as well as other public investment-related applications, remained weak.」
Stainless steel demand has weakened, including in traditionally resilient major applications, while low-priced imports have flowed into the market and product prices have declined. - FY2024-Q3Weak stainless steel demand and falling product pricesAnnual report
「For stainless steel products, product prices remained on a downward trend due to falling international nickel prices and the impact of low-priced imports. Domestic shipments of stainless steel remained sluggish as production adjustments in the semiconductor manufacturing equipment and construction materials sectors dragged on.」
Production adjustments continued for an extended period in the traditional major applications of semiconductor manufacturing equipment and building materials. Combined with falling nickel prices and the impact of low-priced imported materials, this resulted in weak domestic stainless steel demand and sluggish movement of goods. - FY2024-Q2RestatedAnnual report
「For stainless steel products, gradually falling international nickel prices since the end of last year brought some stability to selling prices, which had remained high. However, market shipments remained sluggish, and some large projects involved sourcing steel materials from overseas. Demand was generally sluggish for projects related to semiconductor equipment, medical care, food, pharmaceuticals, water treatment and other areas of public investment.」
Reconfirming that demand has generally remained weak for projects in the Company's traditional major applications, including semiconductor manufacturing equipment, medical, food, pharmaceutical and water treatment. - FY2024-Q1Signs of weakening in demand from major applicationsAnnual report
「For stainless steel products, while selling prices remained high after being raised in stages, signs of weakness emerged even in projects for semiconductor equipment, food-related applications and other public investment-related areas such as water treatment. In addition, overseas procurement of steel materials was seen in some large-scale semiconductor equipment projects, resulting in weak domestic demand for stainless steel.」
Signs of weakness emerged even in previously firm projects for semiconductor equipment, food and water treatment, and domestic stainless steel demand weakened amid moves to procure steel materials from overseas. - FY2023-Q3RestatedAnnual report
「For stainless steel products, the gradual pass-through to selling prices of higher material costs, together with firm demand centered on semiconductor equipment, medical, food, pharmaceutical and water treatment, as well as other public investment-related applications, resulted in segment revenue of ¥34,305 million, up 18.4% year on year, and operating profit of ¥3,496 million, up 61.7%.」
Reconfirming that the pass-through of higher material costs to selling prices progressed gradually, while demand for semiconductor equipment, medical, food, pharmaceutical and water treatment applications remained firm. - FY2023-Q2Higher sales driven by expectations of further nickel price increases, with demand remaining firmAnnual report
「For stainless steel products, sales increased on expectations that product prices would rise further following the surge in nickel prices from early spring. Although nickel prices showed signs of easing in the second quarter, demand remained firm, centered on semiconductor equipment, medical, food, pharmaceutical and water treatment, as well as other public investment-related applications.」
Sales increased on expectations of further product price increases against a backdrop of surging nickel prices, while demand for semiconductor equipment, medical, food, pharmaceutical and water treatment applications remained firm. - FY2023-Q1RestatedAnnual report
「For stainless steel products, demand remained firm, centered on projects for semiconductor equipment, medical, food, pharmaceutical and water treatment, as well as other public investment-related applications, while nickel prices surged and concerns grew about higher product prices.」
Reconfirming that demand for semiconductor equipment, medical, food, pharmaceutical and water treatment applications remained firm, while nickel prices continued to rise and supply and demand remained tight. - FY2022RestatedAnnual report
「Sales volume of stainless steel products also increased, centered on projects for semiconductor equipment, medical, food, pharmaceutical and water treatment, as well as other public investment-related applications, amid persistently high nickel market prices.」
Reconfirming that sales volume increased, centered on projects for semiconductor equipment, medical, food, pharmaceutical and water treatment applications, despite persistently high nickel market prices. - FY2022-Q3RestatedAnnual report
「Sales volume of stainless steel products also increased, centered on projects for semiconductor equipment, medical, food, pharmaceutical and water treatment, as well as other public investment-related applications, amid persistently high nickel market prices.」
Reconfirming that sales volume increased, centered on projects for semiconductor equipment, medical, food, pharmaceutical and water treatment applications, amid persistently high nickel market prices. - FY2022-Q2Increased sales volume for semiconductor equipment, medical, food and water treatment applicationsAnnual report
「For stainless steel products, sales volume increased, centered on projects for semiconductor equipment, medical, food and water treatment applications, amid persistently high nickel market prices.」
While nickel market prices remained high, sales volume of stainless steel products increased, mainly for semiconductor equipment, medical, food and water treatment applications. - FY2022-Q1Firm capital investment coexisting with cancellations and postponements across multiple fieldsAnnual report
「For stainless steel products, capital investment remained firm among manufacturers with a high proportion of overseas sales and in semiconductor-related industries, but the spread of infectious diseases led to continuing cancellations and postponements of capital investment across multiple fields.」
While capital investment by manufacturers serving overseas markets and in semiconductor-related industries remained firm, cancellations and postponements of capital investment continued across multiple fields due to the spread of infectious diseases. - FY2021-Q3Food and water treatment remain firm, while construction and equipment-related demand is weakAnnual report
「For stainless steel products, demand for food and beverage and water treatment applications remained relatively firm, while construction- and equipment-related activity remained slow and weak. In addition, market prices for stainless steel raw materials showed signs of rising.」
While food and beverage and water treatment-related demand remained relatively firm, construction- and equipment-related demand was weak, and market prices for stainless steel raw materials showed signs of rising. - FY2021-Q2Some applications remain firm, while semiconductor-related demand is weakAnnual report
「For stainless steel products, demand for food and beverage and water treatment applications remained relatively firm, but in other fields, including semiconductors, projects were repeatedly postponed or canceled, resulting in weak demand and sluggish sales.」
While food and beverage and water treatment-related demand remained relatively firm, projects in semiconductor-related fields were repeatedly postponed or canceled, leaving demand and sales sluggish. - FY2021-Q1Slowing demand in major applicationsAnnual report
「For stainless steel products, demand for food and beverage, pharmaceutical and water treatment applications, which had been relatively firm, slowed, and sales have been sluggish.」
Demand for food and beverage, pharmaceutical and water treatment applications, which had previously been firm, slowed, and sales turned sluggish. - FY2020Declining automotive and semiconductor demand, with strength in some applicationsAnnual report
「For stainless steel products, demand for food and beverage, pharmaceutical and medical, and water treatment applications remained firm, while demand related to automobiles and semiconductors declined.」
While demand for food and beverage, pharmaceutical and medical, and water treatment applications remained firm, automotive and semiconductor-related demand declined. Sales of BEP-process products gradually increased beyond railway vehicle applications into other fields. - FY2020-Q3Decline in inquiries for large-scale construction projectsAnnual report
「For stainless steel products, although nickel prices, a raw material for stainless steel, had begun to decline from their highs, raw material prices continued to rise, and we worked to revise selling prices. Against this backdrop, food and beverage, pharmaceutical and water treatment-related applications and railway vehicles remained firm, while some semiconductor equipment applications showed signs of recovery. However, inquiries for large-scale projects in construction and other fields were limited, and we focused on securing sales volume.」
Food and beverage, pharmaceutical and water treatment applications and railway vehicles remained firm, while some recovery was seen in semiconductor equipment applications. In contrast, inquiries for large-scale projects in construction and other fields were limited. - FY2020-Q2RestatedAnnual report
「For stainless steel products, nickel prices, a raw material for stainless steel, have surged, creating an urgent need to improve profitability. Against this backdrop, demand remained firm for food and beverage, pharmaceutical and medical, water treatment and railway vehicle applications.」
While the surge in nickel prices presents a challenge to improving profitability, demand for food and beverage, pharmaceutical and medical, water treatment and railway vehicle applications remained firm. - FY2020-Q1RestatedAnnual report
「Stainless steel products performed steadily, including demand for renewal to rationalize and reduce labor requirements in capital investment against a backdrop of labor shortages and aging equipment.」
The Company reports that demand for stainless steel products remained firm, including for rationalization and labor-saving initiatives prompted by labor shortages and aging equipment. - FY2019RestatedAnnual report
「Stainless steel products continued to perform well for food, beverage, pharmaceutical and medical, water treatment and railway vehicle applications. In construction-related markets, we worked to secure orders for large-scale projects such as urban development and office buildings, mainly in the Tokyo metropolitan area.」
Reconfirming strong performance for food and beverage, pharmaceutical and medical, water treatment and railway vehicle applications, as well as large-scale construction projects mainly in the Tokyo metropolitan area. - FY2019-Q3RestatedAnnual report
「Stainless steel products continued to perform well for food and beverage-related, pharmaceutical and medical, water treatment and railway vehicle applications. In construction-related markets, private-sector large-scale projects, mainly in the Tokyo metropolitan area, appeared with some frequency, and profit was generated, although it increased only slightly year on year.」
Reconfirming strong performance for food and beverage, pharmaceutical and medical, water treatment and railway vehicle applications, and reporting that private-sector large-scale projects were emerging mainly in the Tokyo metropolitan area in construction-related markets. - FY2019-Q2RestatedAnnual report
「Stainless steel products continued to perform well for food and beverage-related, pharmaceutical and medical, water treatment and railway vehicle applications. In construction-related markets, private-sector large-scale projects, mainly in the Tokyo metropolitan area, began to appear with some frequency.」
Reconfirming strong performance for food and beverage, pharmaceutical and medical, water treatment and railway vehicle applications, and reporting that private-sector large-scale projects were emerging mainly in the Tokyo metropolitan area in construction-related markets. - FY2019-Q1First statedAnnual report
「Stainless steel products remained strong for food and beverage-related, pharmaceutical and medical, water treatment and railway vehicle applications. In construction-related markets, private-sector large-scale projects, mainly in the Tokyo metropolitan area, as well as projects related to the Tokyo Olympic and Paralympic Games, were on an upward trend.」
The Company reports as a new market development that stainless steel products remained strong for food and beverage, pharmaceutical and medical, water treatment and railway vehicle applications, while construction-related projects were on an upward trend.