Steelwork-related orders and strengthening of on-site management systems in the general piping construction business
First written in FY2021-Q1. 9 of 20 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-08-07.
Nankai Plywood moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026-H1AdvancedAnnual report
「In this segment, the number of orders for capital investment and equipment refurbishment work remained stable, and the higher proportion of orders for high-margin construction work resulted in a profit margin above that of the same period of the previous year. As a result, segment sales were ¥265 million, up 7.8% year on year, and segment profit was ¥18 million, up 22.5%.」
Stable orders for capital investment and equipment refurbishment work and the higher proportion of high-margin construction work resulted in higher sales and profit in the General Piping Construction-Related Business. - FY2025-H1Stable orders, but lower sales and profit due to a focus on small-scale projectsAnnual report
「In this segment, the number of orders for capital investment and equipment refurbishment work remained relatively stable, but orders were concentrated on relatively small-scale projects, resulting in sales and profit margins below the levels of the same period of the previous year. As a result, segment sales were ¥246 million, down 18.7% year on year, and segment profit was ¥14 million, down 63.3%.」
Although the number of orders remained relatively stable, orders were concentrated on small-scale projects, resulting in sales and segment profit below the levels of the same period of the previous year. - FY2024Orders remained strong, but the labour shortage continuedAnnual report
「Although demand for factory equipment refurbishment and related work recovered and market conditions were improving steadily, the industry as a whole faced a serious labour shortage. The Group likewise continued to face a labour shortage, making it necessary to continue strengthening its site management staff and organisational structure.」
While demand for equipment refurbishment recovered and orders increased, the continuing shortage of personnel, including site management staff, emerged as a new constraint, requiring stronger staffing and organisational structures. - FY2024-Q3AdvancedAnnual report
「In this segment, customers' capital investment and equipment refurbishment work continued to recover steadily, enabling the company to secure a stable volume of construction orders. In addition, the increase in orders for relatively high-margin construction work resulted in a higher profit amount than in the same period of the previous year.」
The recovery in capital investment and equipment refurbishment work and stable orders continued, while the increase in orders for high-margin construction work resulted in segment profit of ¥47 million, up 0.5% year on year. - FY2024-Q2AdvancedAnnual report
「In this segment, customers' capital investment and equipment refurbishment work continued to recover steadily, enabling the company to secure a stable volume of construction orders. In addition, the increase in orders for relatively high-margin construction work resulted in a higher profit amount than in the same period of the previous year. As a result, segment sales were ¥302 million, up 14.0% year on year, and segment profit was ¥40 million, up 12.2%.」
The recovery in capital investment and equipment refurbishment work and stable orders continued, and the increase in orders for high-margin construction work resulted in sales and segment profit exceeding the previous year's levels. - FY2024-Q1AdvancedAnnual report
「In this segment, customers' capital investment and equipment refurbishment work continued to recover steadily, enabling the company to secure a stable volume of construction orders. In addition, the increase in orders for relatively high-margin construction work resulted in higher profit margins than in the same period of the previous year. As a result, segment sales were ¥147 million, up 11.2% year on year, and segment profit was ¥24 million, up 30.8%.」
The recovery in capital investment and equipment refurbishment work and stable orders continued, while the increase in high-margin construction work resulted in sales growth of 11.2% and segment profit growth of 30.8%. - FY2023Profit declined due to higher material costs despite stable ordersAnnual report
「In this segment, customers' capital investment and equipment refurbishment work continued to trend upward, enabling the company to secure a stable volume of construction orders, as in the previous fiscal year. However, profit margins declined due to soaring material prices.」
The General Piping Construction-Related Business continued to secure stable orders, but segment profit declined 16.2% year on year due to soaring material prices. - FY2023-Q3Profit declined despite an increase in ordersAnnual report
「In this segment, customers' capital investment and equipment refurbishment work were on an upward trend, enabling the company to secure a stable volume of construction orders. As a result, segment sales were ¥380 million, up 2.3% year on year, while segment profit was ¥47 million, down 17.8%.」
Customers' capital investment and equipment refurbishment work were on an upward trend, enabling the company to secure stable orders. However, while sales increased, segment profit declined 17.8%. - FY2023-Q2AdvancedAnnual report
「In this segment, customers' capital investment and equipment refurbishment work were on an upward trend, enabling the company to secure a stable volume of construction orders. As a result, segment sales were ¥265 million, up 13.7% year on year, and segment profit was ¥36 million, up 0.2%.」
Customers' capital investment and equipment refurbishment work were on an upward trend, enabling the company to secure stable orders. Sales rose 13.7% and segment profit rose 0.2%. - FY2023-Q1AdvancedAnnual report
「In the General Piping Construction-Related Business, the company mainly operates in western Japan, focusing on piping and lining work for chemical plant projects. Although customer capital investment projects had declined due to the spread of COVID-19, equipment refurbishment projects are on a recovery trend. The company will focus on strengthening site management staff and otherwise developing its organisation so that it can also secure steelwork-related orders and achieve further earnings growth once the situation is brought under control.」
Customer equipment refurbishment projects moved toward recovery, while the company continued to strengthen site management staff to secure steelwork-related orders. - FY2022AdvancedAnnual report
「Customer equipment refurbishment work was on a recovery trend and the number of orders was increasing. As a result, segment sales were ¥516 million, up 23.2% year on year, and segment profit was ¥76 million, up 38.4%.」
In the General Piping Construction-Related Business, equipment refurbishment work was on a recovery trend and the number of orders was increasing, resulting in sales of ¥516 million and segment profit of ¥76 million. - FY2022-Q3AdvancedAnnual report
「In this segment, capital investment projects had stagnated due to the spread of COVID-19, but customer equipment refurbishment work was on a recovery trend and the number of orders was increasing. As a result, segment sales were ¥371 million, up 16.1% year on year, and segment profit was ¥57 million, up 25.8%.」
As equipment refurbishment work moved toward recovery and the number of orders increased, sales were ¥371 million and segment profit was ¥57 million, resulting in higher sales and profit year on year. - FY2022-Q2AdvancedAnnual report
「Although customer capital investment projects had declined due to the spread of COVID-19, equipment refurbishment projects are on a recovery trend. The company will focus on strengthening site management staff and otherwise developing its organisation so that it can also secure steelwork-related orders and achieve further earnings growth once the situation is brought under control.」
In the General Piping Construction-Related Business, customer equipment refurbishment projects were on a recovery trend, while the company continued to strengthen site management staff to secure steelwork-related orders. Segment sales were ¥233 million and segment profit was ¥36 million. - FY2022-Q1Signs of recovery in existing customers' equipment refurbishment projectsAnnual report
「Although customer capital investment projects had declined due to the spread of COVID-19, signs of recovery have emerged in equipment refurbishment projects for existing customers. The company will focus on strengthening site management staff and otherwise developing its organisation so that it can also secure steelwork-related orders and achieve further earnings growth once the situation is brought under control.」
In the General Piping Construction-Related Business, equipment refurbishment projects for existing customers began to show signs of recovery, while the company continued to strengthen site management staff to secure steelwork-related orders. - FY2021RestatedAnnual report
「The company will focus on strengthening site management staff and otherwise developing its organisation so that it can also secure new orders and achieve further earnings growth once the situation is brought under control.」
In response to the decline in customers' capital investment projects, the company continued to develop its organisation by securing new orders and strengthening site management staff. - FY2021-Q3RestatedAnnual report
「Although customer capital investment projects have continued to decline temporarily due to the spread of COVID-19, the company will continue to focus on strengthening site management staff and otherwise developing its organisation so that it can also secure new orders and achieve further earnings growth once the situation is brought under control.」
In response to the decline in customers' capital investment projects, the company continued to develop its organisation by securing new orders and strengthening site management staff. - FY2021-Q2ReframedAnnual report
「Although customer capital investment projects have continued to decline temporarily due to the spread of COVID-19, the company will continue to focus on strengthening site management staff and otherwise developing its organisation so that it can also secure new orders and achieve further earnings growth once the situation is brought under control.」
The wording changed from a reference to "steelwork-related orders" in the previous quarter to securing "new orders" this time. In response to the decline in customers' capital investment projects, measures such as strengthening site management staff continued. - FY2021-Q1First statedAnnual report
「In the General Piping Construction-Related Business, 南海化工株式会社 operates mainly in western Japan, focusing on piping and lining work for chemical plant projects. Although customer capital investment projects have declined this fiscal year due to the spread of COVID-19, temporarily reducing sales, the company will focus on strengthening its site management staff and otherwise developing its organisation so that it can also secure steelwork-related orders to achieve further earnings growth once the situation is brought under control.」
For 南海化工's General Piping Construction-Related Business, the company identified securing steelwork-related orders and strengthening site management staff as new measures, building on piping and lining work for chemical plants.