Volatility in Defense Demand and Demand for Passenger Aircraft Equipment and Spare Parts
First written in FY2017-Q1. 7 of 31 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MitigatedAnnual report
「As a result, net sales in this business were ¥43,371 million, up 12.2% year on year, while operating income was ¥8,220 million, up 35.5%, owing to higher sales and improved profitability.」
Regarding the risk of fluctuations in defense and commercial aircraft demand, the aircraft equipment business posted 12.2% revenue growth and 35.5% profit growth as demand expanded in both sectors and profitability improved. - FY2026-H1ReframedAnnual report
「In Japan, demand for the defense sector increased due to the government's policy of strengthening defense capabilities, but sales temporarily declined as issues arose in part of the supply chain. Overseas, sales of onboard equipment for commercial aircraft and replacement parts for airlines increased as demand for air travel in the commercial aviation sector grew.」
In the Aircraft Equipment segment, domestic defense demand driven by the strengthening of defense capabilities and overseas commercial aviation demand expanded, while a temporary decline in domestic revenue due to supply-chain issues was reported. - FY2025AdvancedAnnual report
「As a result, revenue in this business was ¥38.662 billion, up 34.5% from the previous fiscal year, while operating profit increased 73.4% to ¥6.068 billion due to higher revenue and improved profitability.」
The aircraft equipment business achieved higher revenue and operating profit for the full year, with revenue up 34.5% and operating profit up 73.4%. - FY2025-H1AdvancedAnnual report
「As a result, revenue from this business was ¥18.028 billion, up 38.6% year on year, while operating profit increased 84.5% to ¥2.391 billion due to higher revenue and improved profitability, resulting in higher revenue and profit.」
The aircraft equipment business posted a 38.6% year-on-year increase in revenue and an 84.5% increase in profit, driven by expanding demand in the defense and commercial aviation fields. - FY2024AdvancedAnnual report
「As a result, sales in this business amounted to ¥29.465 billion, up 22.8% from the previous fiscal year, while operating profit was ¥3.714 billion, up 167.3%, owing to higher sales and improved profitability, resulting in substantial increases in both sales and profit.」
With both the defense and civil aircraft markets improving, the aircraft equipment business posted a 22.8% increase in sales and a 167.3% increase in operating profit for the full year. - FY2024-Q3AdvancedAnnual report
「The aircraft equipment business recorded higher sales both in Japan and overseas. In Japan, the defense field grew as demand for aircraft-mounted equipment expanded. Overseas, the civil aircraft field grew as aircraft production increased alongside rising demand for air travel and as airlines' demand for replacement parts expanded. As a result, net sales in this business rose 28.6% year on year to ¥20,905 million. Operating income rose 327.6% to ¥2,890 million, reflecting higher sales and improved profitability.」
Both the defense and commercial aircraft businesses increased, with the Aircraft Equipment segment reporting a 28.6% year-on-year increase in revenue and a 327.6% increase in operating profit. - FY2024-Q1AdvancedAnnual report
「As a result, revenue from this business increased 30.0% year on year to ¥6,192 million, while operating profit increased 416.1% to ¥590 million, driven by higher revenue and improved profitability in the civil aircraft field, among other factors.」
The aircraft equipment business posted higher revenue in both Japan and overseas, while operating profit increased 416.1% year on year, aided by improved profitability in the commercial aircraft segment. - FY2023MitigatedAnnual report
「In the aircraft equipment business, sales to the domestic defense sector declined. Overseas, however, sales to the civil aircraft sector increased as demand for air travel rose following the lifting or easing of entry restrictions in various countries. As a result, sales in this business amounted to ¥23.985 billion, up 7.6% year on year, while operating profit rose to ¥1.389 billion, up 1,070.9%, on higher sales and improved profitability, marking a return to growth for the first time in 2 fiscal years and securing a profit.」
Although the decline in the defense sector continued, revenue increased as demand for commercial air passenger travel recovered, and the aircraft equipment business moved toward higher profit and a return to profitability for the first time in 2 fiscal years. - FY2023-Q3RestatedAnnual report
「In the aircraft equipment business, the defense sector declined, while the commercial aircraft sector entered a recovery phase as demand for air travel increased with the resumption of socioeconomic activity. As a result, revenue from this business was ¥16.252 billion, up 7.9% year on year. Operating profit was ¥676 million, compared with an operating loss of ¥69 million in the same period of the previous year, due to higher revenue and improved profitability, marking a return to profitability for the first time in 2 fiscal years.」
Although the defense sector declined, revenue increased as passenger demand for commercial aircraft recovered, and operating profitability continued. - FY2023-Q2MitigatedAnnual report
「The aircraft equipment business declined in the defense sector, but the commercial aircraft sector entered a recovery trend as air passenger demand increased with the resumption of social and economic activity. As a result, revenue in this business was ¥10.498 billion, up 2.9% year on year. Operating profit was ¥321 million, compared with an operating loss of ¥332 million in the same period of the previous year, due to higher revenue and improved profitability, marking a return to profitability for the first time in 2 periods.」
Although the defense business declined, demand for commercial air travel began to recover, and the Aircraft Equipment segment returned to profitability for the first time in 2 periods, compared with an operating loss in the same period of the previous year. - FY2022ReframedAnnual report
「In the defense field, revenue declined due to the reaction to a large project in the previous year. In the commercial aircraft field, signs emerged that demand, which had declined due to the spread of COVID-19, was bottoming out.」
While revenue continued to decline because of the reversal of large defense-related projects, signs of a bottoming in declining demand emerged in the commercial aircraft field, resulting in an updated business mix. - FY2022-Q3WorsenedAnnual report
「The defense sector reported a substantial decline in revenue due to a drop following large projects in the previous year. The commercial aircraft sector also reported lower revenue, as demand for aircraft declined due to the impact of COVID-19. As a result, revenue in this business was ¥15.063 billion, down 31.4% year on year, while operating loss was ¥69 million due mainly to lower defense-sector revenue, compared with operating profit of ¥968 million in the same period of the previous year.」
The aircraft equipment business shifted from operating profit in the previous corresponding period to an operating loss, while revenue declined 31.4%, as the decline following a large defense-related project in the previous year and lower demand for commercial aircraft continued. - FY2022-Q2RestatedAnnual report
「The defense business posted a substantial decline in sales due to a reaction to the large project recorded in the previous year. The commercial aircraft business also posted lower sales as demand for aircraft declined amid the impact of the COVID-19 pandemic.」
The aircraft equipment business has remained under pressure, with the defense field affected by the reaction to a large project in the previous year and the commercial aircraft field continuing to experience lower demand due to infectious diseases. - FY2022-Q1WorsenedAnnual report
「The defense business posted a substantial decline in revenue because there had been a large project in the previous year. The commercial aircraft business also posted lower revenue due to the impact of the COVID-19 pandemic.」
In the defense sector, sales declined following the pullback from a large order in the previous year, while in the civil aircraft sector, sales declined owing to the impact of infectious diseases. Sales in the aircraft equipment business fell 49.3% year on year, and an operating loss of ¥359 million was recorded. - FY2021WorsenedAnnual report
「In the defense sector, revenue increased as large-scale projects offset a decline in repair projects. In the commercial aircraft sector, however, revenue declined significantly due to the severe impact of the novel coronavirus pandemic.」
The defense business secured higher revenue through large projects, while a substantial decline in revenue in the civil aircraft business due to the impact of infectious diseases was also confirmed for the full year. Operating profit in the aircraft equipment business fell 91.5% year on year. - FY2021-Q3RestatedAnnual report
「In the defense field, revenue increased due to large projects. In the civil aircraft field, however, revenue declined substantially due to the severe impact of the spread of COVID-19.」
The structure of higher sales from large projects in the defense sector and a substantial decline in sales in the commercial aviation sector due to the spread of infection remains in place. - FY2021-Q2ReframedAnnual report
「In Japan, revenue increased due to a large defense-sector project. Meanwhile, in the North American commercial aviation sector, revenue declined significantly as it was heavily affected by the spread of COVID-19.」
Although the aircraft equipment business as a whole reported higher revenue due to increased revenue from large defense projects, a significant decline in revenue in the North American commercial aviation sector due to the spread of infections was explicitly noted. - FY2021-Q1ReframedAnnual report
「Although the commercial aviation business declined under the severe impact of the spread of COVID-19, it increased substantially owing to a large project in Japan's defense sector.」
While declining demand in the commercial aviation sector has emerged as a specific impact of COVID-19, Japan's defense sector has shifted toward growth driven by large-scale projects. - FY2020AdvancedAnnual report
「As a result, sales in this business increased 9.9% from the previous fiscal year to ¥30.039 billion, while operating profit rose 562.5% to ¥791 million, mainly due to higher sales.」
The aircraft equipment business posted higher full-year revenue, and operating profit increased 562.5% year on year. The Company also launched new products in testing and inspection systems and marine equipment. - FY2020-Q3MitigatedAnnual report
「As a result, revenue from this business was ¥21,265 million, up 9.9% year on year, and operating profit was ¥420 million, compared with an operating loss of ¥267 million in the previous corresponding period, driven by higher revenue and other factors.」
The aircraft equipment business continues to have shifted from an operating loss in the same period of the previous year to an operating profit, while revenue has also increased 9.9% year on year. - FY2020-Q2MitigatedAnnual report
「In North America, sales of equipment installed on commercial aircraft and replacement parts for airlines increased against a backdrop of solid demand for medium- and small-sized aircraft. In Japan, sales of aircraft equipment for the Ministry of Defense increased. As a result, revenue in this business was ¥15.182 billion, up 22.2% year on year, and operating profit was ¥300 million, reflecting higher sales and other factors, compared with an operating loss of ¥230 million in the same period of the previous year.」
Demand related to commercial aircraft in North America and demand from Japan's Ministry of Defense both increased, and the aircraft equipment business shifted from an operating loss in the previous year's corresponding period to operating profit of ¥300 million. - FY2020-Q1MitigatedAnnual report
「In North America, sales to the commercial aircraft sector increased, while in Japan, aircraft-mounted equipment for the Ministry of Defense increased. As a result, revenue in this business was ¥6.558 billion, up 19.2% year on year, while operating loss was ¥144 million, compared with an operating loss of ¥561 million in the same period of the previous year.」
Both North American sales to the commercial aircraft market and Japanese sales to the Ministry of Defense increased, reducing the aircraft equipment business's operating loss from ¥561 million in the same period of the previous year to ¥144 million. - FY2019-Q3WorsenedAnnual report
「In North America, revenue increased due to higher demand for small and medium-sized passenger aircraft, while in Japan, aircraft-mounted equipment for the Ministry of Defense declined. As a result, revenue in this business was ¥19,342 million, down 0.1% year on year, and the operating loss was ¥267 million, compared with an operating loss of ¥153 million in the same period of the previous year.」
Although demand for small and medium-sized passenger aircraft in North America increased, demand from Japan’s Ministry of Defense declined, and the aircraft equipment business’s operating loss widened from ¥153 million in the same period of the previous year to ¥267 million. - FY2019-Q2RestatedAnnual report
「Sales in North America increased on higher demand for small- and medium-sized passenger aircraft, but in Japan, sales of aircraft equipment for the Ministry of Defense declined, resulting in sluggish overall performance.」
The regional composition of increased commercial aircraft demand in North America and decreased demand from Japan's Ministry of Defense continues to be reported, as in the previous quarter. - FY2019-Q1ReframedAnnual report
「In North America, sales increased as Boeing ramped up production of small and medium-sized passenger aircraft, but performance remained challenging overall in Japan due to lower sales of aircraft equipment for the Ministry of Defense.」
Overseas commercial aircraft demand shifted from a decline caused by Boeing's production cuts through the previous fiscal year to an increase resulting from higher production, while demand from Japan's Ministry of Defense declined, changing the risk profile. - FY2018-Q2RestatedAnnual report
「Although conditions in North America remained difficult due to Boeing's reduced passenger aircraft production, aircraft-mounted equipment for Japan's Ministry of Defense increased and performed firmly in Japan.」
The difficult conditions in North America resulting from Boeing's production cuts for commercial aircraft and the firm performance of aircraft equipment for Japan's Ministry of Defense continue to be reported, as in the previous quarter. - FY2018-Q1WorsenedAnnual report
「Although sales in North America declined due to Boeing's reduction in passenger aircraft production, sales in Japan remained solid as aircraft-mounted equipment for the Ministry of Defense increased.」
The decline in overseas demand for commercial aircraft was attributed specifically to Boeing's reduction in passenger aircraft production, and its impact was described as a decline in North American sales. - FY2017WorsenedAnnual report
「In Japan, sales of aircraft-mounted equipment to the Ministry of Defense declined slightly. Overseas, sales of replacement parts to airlines remained firm, but revenue declined due to the impact of yen appreciation and lower demand.」
Sales to Japan's Ministry of Defense declined slightly after being flat in the previous quarter, while overseas sales continue to decline due to lower demand. - FY2017-Q3WorsenedAnnual report
「In Japan, sales of aircraft equipment for the Ministry of Defense remained flat. Overseas sales declined due to the impact of the stronger yen and a decrease in equipment for commercial aircraft.」
Sales to Japan's Ministry of Defense were flat after increasing in the previous quarter, while the decline in equipment installed on commercial aircraft overseas also continues. - FY2017-Q2Focus changed from the rebound in defense demand to declining overseas demand for civil aircraft.Annual report
「In Japan, sales of aircraft equipment for the Ministry of Defense remained solid and increased. Overseas, sales declined due to the impact of the stronger yen and a decrease in equipment installed on commercial aircraft.」
Unlike the decline due to a reactionary drop in defense demand described in the previous quarter, demand from Japan’s Ministry of Defense remains steady. Meanwhile, the decline in overseas demand for equipment installed on civil aircraft continues, changing the risk profile. - FY2017-Q1First statedAnnual report
「In Japan, sales declined following the sharp increase in defense demand in the previous fiscal year. Overseas sales of passenger aircraft equipment and spare parts also declined.」
The impact of a reversal in defense demand and weaker overseas demand for passenger-aircraft-related products was reported in the aircraft equipment business.