Expanding the Industrial Machinery Business through new products, customers and distribution networks

「In addition to maintaining and expanding our existing business of selling parts to construction, industrial and agricultural machinery manufacturers by developing new products and suppliers, we are also working to develop new business areas and will accelerate these efforts going forward.」

「北米・欧州・国内向けフォークリフト部品販売は回復せず、通期売上としては前年を下回る結果となり業界によって明暗が分かれる状況となりました。」

「Although the operating environment is expected to remain uncertain, we will pursue further growth by continuing to strengthen our existing businesses, develop new markets, products and customers, and develop products with improved safety and reliability. We will also contribute to society through further strengthening our development and quality-control functions, in support of a society built around vehicles that serve people at work.」

「Although production at major customer construction equipment, agricultural machinery and industrial vehicle manufacturers began to show signs of slowing in the latter half of the first half, it remained solid. As a result, net sales were ¥4.058 billion, up 9.6% year on year.」

「Production at major customer construction equipment, agricultural machinery and industrial vehicle manufacturers remained strong. As a result, net sales were ¥7.685 billion, up 28.1% year on year.」

「Material procurement improved at major customer construction equipment, agricultural machinery and industrial vehicle manufacturers, accumulated order backlogs were cleared, and production remained solid. As a result, net sales were ¥5.771 billion, up 31.2% year on year.」

「Major customer construction equipment, agricultural machinery and industrial vehicle manufacturers continued to increase production as material procurement improved, in order to work down order backlogs accumulated since the previous year. As a result, net sales were ¥3.703 billion, up 33.4% year on year.」

「Production at major customer construction equipment, agricultural machinery and industrial vehicle manufacturers showed signs of recovery as material procurement improved, and increased production was supported by order backlogs accumulated since the previous year. As a result, net sales were ¥1.797 billion, up 34.2% year on year.」

「Although production at major customer construction equipment, agricultural machinery and industrial vehicle manufacturers remained unstable due to difficulties procuring materials and higher material and component costs, customer production showed signs of recovery against a backdrop of order backlogs that had continued since the previous year. As a result, net sales were ¥6.001 billion, up 10.9% year on year.」

「Although production at customer construction equipment, agricultural machinery and industrial vehicle manufacturers remained unstable due to difficulties procuring semiconductors, particularly engine semiconductors, rising prices for vehicle components caused by higher energy, resource and logistics costs, and higher vehicle prices, customer production gradually recovered against a backdrop of order backlogs that had continued since the previous year. As a result, net sales were ¥4.399 billion, up 9.7% year on year.」

「Although global shortages of semiconductors and other materials gradually eased, customer industrial vehicle manufacturers had not yet achieved a full-scale production recovery but were working to recover from production cuts. As a result, net sales were ¥2.776 billion, up 4.9% year on year.」

「The industrial vehicle market recovered from the slowdown caused by COVID-19, led particularly by strong markets in Europe and North America, and construction equipment, agricultural machinery and forklift manufacturers continued to increase production. As a result, net sales were ¥4.008 billion, up 29.6% year on year.」

「Industrial vehicle production recovered from the slowdown caused by COVID-19, led particularly by strong markets in Europe and North America, and construction equipment, agricultural machinery and industrial vehicle manufacturers continued to increase production. As a result, net sales were ¥2.646 billion, up 33.3% year on year.」

「Although demand for industrial vehicles in Japan and elsewhere remained stagnant due to the impact of COVID-19, strong markets in Europe and North America led construction, agricultural and industrial vehicle manufacturers to shift from production cuts to increased production. As a result, net sales were ¥1.318 billion, up 27.5% year on year.」

「Production of compact construction equipment and agricultural machinery recovered as some customers made up for production cuts caused by COVID-19 through the second quarter, but a full-scale recovery across industrial vehicles, including construction and agricultural machinery and forklifts, had not been achieved. As a result, net sales were ¥3.092 billion, down 14.5% year on year.」

「Economic activity stalled and economic conditions worsened as COVID-19 spread, causing capital investment demand and logistics activity to decline and reducing production of construction and agricultural machinery and industrial vehicles such as forklifts. Demand is expected to recover for some mini and compact construction equipment and agricultural machinery models, but overall recovery is still expected to take time. As a result, net sales were ¥1.985 billion, down 20.5% year on year.」

「The spread of COVID-19 and measures to prevent infection stalled economic activity and worsened economic conditions. In particular, the resulting decline in capital investment demand led to a substantial decrease in production of construction and agricultural machinery and industrial vehicles such as forklifts. As a result, net sales were ¥1.034 billion, down 15.3% year on year.」

「In addition to declining demand for forklifts due to reduced volumes, mainly in the United States and China, and lower construction vehicle production amid the economic downturn, production of construction, agricultural and industrial vehicles fell substantially due to the impact of COVID-19. As a result, net sales were ¥4.719 billion, down 12.1% year on year.」

「Sales at the Industrial Machinery Sales Division declined substantially due to lower forklift production, mainly reflecting reduced volumes in the United States and China, lower production of large construction equipment amid the economic downturn, and the effects of flooding damage and production delays at parts suppliers caused by typhoons and record rainfall in Japan. As a result, net sales were ¥3.616 billion, down 11.1% year on year. In response to these difficult conditions, we will accelerate the development of digital, connected, eco-friendly (electrified) and labor-saving products.」

「The slowdown in the industrial vehicle market that began at the start of the year continued and worsened. In particular, reduced logistics activity in the United States and China led industrial vehicle manufacturer customers, which account for a large share of our sales, to cut production and reduce inventories. As a result, net sales were ¥2.496 billion, down 6.2% year on year.」

「The industrial vehicle market slowed during the current fiscal year, and forklift and some large construction equipment manufacturers began cutting production. In particular, the slowdown in North American and Chinese markets caused customer manufacturers' inventories of forklifts to surge, leading to substantial production adjustments to reduce inventories. As a result, net sales were ¥1.220 billion, down 8.1% year on year.」

「The Industrial Machinery Sales Division expanded sales, mainly of vehicles for North America, Europe and Asia, targeting major construction equipment customers that continued to grow steadily. As a result, net sales were ¥5.369 billion, up 12.6% year on year.」

「The Industrial Machinery Sales Division's sales remained generally strong, supported by strong production at major construction, industrial and agricultural vehicle manufacturers, against a backdrop of rising global demand for construction, industrial and agricultural machinery, particularly increased demand for construction equipment in the United States, China and emerging markets. As a result, net sales were ¥4.069 billion, up 14.8% year on year.」

「(Industrial Machinery Sales Division) The Industrial Machinery Sales Division's sales remained generally solid, supported mainly by strong production by major construction, industrial and agricultural vehicle customers, against a backdrop of robust construction demand in Europe, North America, China and parts of ASEAN, as well as increased domestic capital investment. As a result, net sales were ¥2.662 billion, up 14.5% year on year.」

「The Industrial Machinery Sales Division remained generally solid, supported by strong production of construction, industrial and agricultural vehicles by major customers, mainly driven by increased construction demand in North America and China and active global logistics facilities. As a result, net sales were ¥1.328 billion, up 18.4% year on year.」

「The Industrial Machinery Sales Division performed generally well, supported by solid sales of construction equipment and other products by major customers in Europe, North America and China. Net sales were ¥4.768 billion, up 7.8% year on year.」

「The Industrial Machinery Sales Division performed generally well, supported by strong performance among major customers, driven by increased overseas demand for construction equipment and industrial vehicles in Europe, North America, China and elsewhere. Net sales were ¥3.544 billion, up 8.7% year on year.」

「The Industrial Machinery Sales Division performed generally well, supported by strong performance among major customers, including construction equipment and industrial vehicle manufacturers. Net sales were ¥2.324 billion, up 7.6% year on year.」

「During the current consolidated fiscal year, sales declined substantially in the first half due to the stronger yen and other factors, but sales in the second half were supported by import and export projects that had been under development since the previous fiscal year. As a result, net sales were ¥4.421 billion, down 0.6% year on year.」

「Although the Industrial Machinery Sales Division launched new development projects, it did not recover sales lost in the first half due to the stronger yen and other factors.」

「From the next fiscal year onward, we will continue working with our overseas subsidiaries in Thailand, Europe, China and elsewhere, in addition to the United States, and aim to further expand the business by developing new products, customers and distribution networks.」