Downsizing and Cancellation of Insulation Material Projects Due to Cautious Capital Spending
First written in FY2017-Q3. 5 of 17 entries say "Restated". Latest entry: FY2026.
Almedio moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 13 of 29 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Although the Company received orders for new industrial furnace construction projects and other work, a large furnace repair project that had been anticipated was postponed after the customer changed its plans. As a result, revenue fell below that of the same period of the previous year and the current-period plan.」
For domestic insulation materials projects exposed to capital investment demand, the anticipated large furnace repair project was postponed after the customer changed its plans, causing results to fall below both the previous year's level and plan. - 2026-05-14MaterialisedEarnings
「Although the Company received orders for new industrial furnace construction projects and other work, a large furnace repair project that had been anticipated was postponed after the customer changed its plans. As a result, revenue fell below that of the same period of the previous year and the current-period plan.」
設備投資・工事案件の計画変更による大型案件延期が当期の売上未達として現れた。 - FY2023MitigatedAnnual report
「In Japan, furnace materials sales increased as the Company continued to receive orders, mainly for construction projects, and inquiries also came from other locations of customers that had placed orders. The Company also conducted cross-selling activities targeting industries and customers that had responded favorably, with results being achieved.」
While domestic projects had previously been downsized or postponed due to more cautious capital investment, the disclosure reports continued orders for construction projects, inquiries from other locations, and results from cross-selling activities. - FY2023-Q3MitigatedAnnual report
「In Japan, furnace materials sales increased as the Company continued to receive orders, mainly for construction projects, and inquiries also came from other locations of customers that had placed orders. The Company also conducted cross-selling activities targeting industries and customers that had responded favorably, with results being achieved.」
While the Company had previously reported the downsizing and postponement of domestic projects due to more cautious capital investment, the latest disclosure reports continued orders for construction projects, inquiries, and results from cross-selling activities, indicating that demand-side risks in Japan were easing. - FY2021MaterialisedAnnual report
「In Japan, caution over capital investment continued amid concern over the outlook associated with the spread of COVID-19, and revenue fell below that of the same period of the previous year due to orders scheduled to be received being carried over to the following fiscal year or later and the downsizing of scheduled construction projects.」
The risk of more cautious capital investment continued to be reflected in domestic insulation materials projects being carried over to the following fiscal year or later, the downsizing of construction projects, and a year-on-year decline in revenue. - FY2021-Q1MaterialisedAnnual report
「In Japan, companies remained cautious about capital investment due to concern over the outlook, and results fell short of plan because orders for construction projects were delayed, among other factors.」
The risk of being affected by capital investment demand in the industrial furnace industry was reflected in more cautious capital investment amid concern over the outlook, delays in the timing of construction orders, and a shortfall against plan. - FY2020-Q3RestatedAnnual report
「Because the insulation materials business is heavily affected by capital investment demand in the industrial furnace industry, economic trends may affect business performance.」
The insulation materials business continues to face the risk of dependence on capital investment demand in the industrial furnace industry and economic trends. - FY2020-Q2RestatedAnnual report
「In Japan, despite acquiring new customers and other factors, revenue fell below that of the same quarter of the previous year, when orders for electric furnaces and other equipment were received.」
In Japan's insulation materials business, the Company acquired new customers, but revenue fell below that of the same period of the previous year due to the reaction to orders for electric furnaces and other equipment received in the previous year. - FY2020-Q1RestatedAnnual report
「In Japan, despite acquiring new customers and other factors, revenue fell below that of the same quarter of the previous year, when orders for electric furnaces and other equipment were received.」
In the insulation materials business, the Chinese subsidiary performed well, while domestic revenue declined due to the reaction to orders for electric furnaces and other equipment received in the same period of the previous year. - FY2019RestatedAnnual report
「In Japan, revenue fell below that of the same period of the previous year due to the downsizing of orders for refractory materials and related products and the postponement of scheduled furnace maintenance, among other factors.」
The downsizing of domestic projects and postponement of repairs due to capital investment demand and other factors continued, and domestic revenue fell below that of the same period of the previous year. - FY2019-Q3WorsenedAnnual report
「In Japan, revenue fell below that of the same quarter of the previous year due to the downsizing of orders for refractory materials and related products and the postponement of scheduled furnace maintenance, among other factors.」
The impact of capital investment demand and other factors resulted in the downsizing of domestic orders and the postponement of scheduled furnace maintenance, causing revenue to fall below that of the same period of the previous year. - FY2019-Q2WorsenedAnnual report
「In Japan, revenue fell below that of the same quarter of the previous year due to the downsizing of orders for refractory materials and related products.」
In Japan's insulation materials business, revenue fell below that of the same period of the previous year due to the downsizing of ordered projects. - FY2019-Q1MitigatedAnnual report
「In Japan, the number of orders increased with rising demand for refractory materials and related products, and revenue exceeded that of the same quarter of the previous year due in part to earlier delivery of electric furnaces and other factors.」
Despite the risk of domestic projects being downsized due to caution over capital investment, the number of orders for refractory materials and related products increased, and revenue exceeded that of the same period of the previous year. - FY2018-Q3RestatedAnnual report
「In Japan, the number of orders increased with rising demand for refractory materials and related products, causing results to exceed plan.」
Despite the downsizing and cancellation of domestic projects due to caution over capital investment, domestic orders increased during the quarter and exceeded plan. - FY2018-Q2MitigatedAnnual report
「In Japan, orders for projects that had been delayed were confirmed, and some construction schedules were brought forward. The Company also secured orders for large projects, causing results to exceed plan.」
Although domestic projects had been downsized or cancelled due to caution over capital investment, domestic revenue exceeded plan during the quarter on orders for large projects and other factors. - FY2017MaterialisedAnnual report
「Uncertainty over the outlook for the global economy persisted, demand remained sluggish both in Japan and overseas, and orders slowed as the optical disc market contracted.」
Continued caution regarding capital investment and demand resulted in domestic insulation materials projects being downsized or frozen and performance falling short of plan. - FY2017-Q3First statedAnnual report
「At the Kyushu facility, the Company sought to expand orders for engineering and construction projects involving industrial furnace heating plants. However, caution over capital investment continued amid uncertainty over the economic outlook, and existing projects were downsized or cancelled, causing results to fall short of plan.」
Caution over capital investment continued, resulting in the downsizing and cancellation of existing projects involving industrial furnace heating plants and other facilities, as well as a shortfall against plan.