Bringing forward orders for warm-air heaters for protected horticulture ahead of the consumption tax increase
First written in FY2020-Q2. 2 of 6 entries say "Reframed", first in FY2020-Q3. Latest entry: FY2022-Q1.
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- FY2022-Q1The disappearance of the reversal of demand brought forwardAnnual report
「Orders for warm-air heaters for protected horticulture increased as the impact of the decline in demand in the previous fiscal year following the rush in demand ahead of the consumption tax increase in the fiscal year before last disappeared, among other factors.」
The impact of the decline in demand in the previous fiscal year following the rush in demand ahead of the consumption tax increase disappeared, and the company explained that orders for warm-air heaters for protected horticulture increased. - FY2021-Q3RestatedAnnual report
「Agricultural equipment in the thermal equipment business, the group's core business, saw a substantial decline in sales because, in addition to continued restrictions on sales activities in the third quarter due to the COVID-19 pandemic, completion of large heating construction projects for protected horticulture was concentrated in the first quarter of the previous fiscal year and demand was brought forward in the second quarter of the previous fiscal year ahead of the consumption tax increase.」
Demand brought forward ahead of the consumption tax increase coincided with the concentration of large project completions in the comparable period of the previous year and continued to be cited as a factor behind the decline in sales in the cumulative third-quarter period. - FY2021-Q2RestatedAnnual report
「Agricultural equipment in the thermal equipment business, the group's core business, saw a substantial decline in sales because, in addition to the inability to conduct active sales activities during the COVID-19 pandemic, completion of large heating construction projects for protected horticulture was concentrated in the first quarter of the previous fiscal year and demand was brought forward in the second quarter of the previous fiscal year ahead of the consumption tax increase.」
The concentration of large project completions in the first quarter of the previous fiscal year and demand brought forward ahead of the consumption tax increase in the second quarter continued to be cited as factors behind the year-on-year decline in sales in the second quarter. - FY2021-Q1ReframedAnnual report
「Agricultural equipment in the thermal equipment business, the group's core business, saw a substantial decline in sales from the same period of the previous year because, in addition to the inability to conduct active sales activities during the COVID-19 pandemic, many orders for warm-air heaters for protected horticulture had been brought forward in the previous fiscal year and large orders for heating construction for protected horticulture had been concentrated in the first quarter of the previous fiscal year.」
Orders brought forward in the previous fiscal year due to the consumption tax increase were described in the first quarter as a factor behind the decline in sales, reflecting the concentration of large orders in the previous fiscal year's comparable period and the subsequent reversal. - FY2020-Q3ReframedAnnual report
「The agricultural equipment division of our core Thermal Equipment business fell below the same period of the previous year, mainly due to delays in delivery of facility horticulture heating systems caused by typhoon damage and the impact of the consumption tax increase.」
The consumption tax increase was described in the second quarter as a factor behind orders being brought forward, but in the third quarter it was described as a factor behind sales of heating construction for protected horticulture falling below the same period of the previous year. - FY2020-Q2First statedAnnual report
「Orders for warm-air heaters for protected horticulture, mainly, exceeded the same period of the previous year because orders scheduled for the second half were brought forward into the first half due to the impact of the consumption tax increase.」
The company explained that, due to the impact of the consumption tax increase, orders for warm-air heaters for protected horticulture scheduled for the second half were brought forward into the first half.