Declining and Aging Agricultural Population, Shortage of Successors, and Disasters
First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2025.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「For agricultural equipment in the Thermal Equipment business, a decline in new equipment investment due to the decline and aging of Japan’s agricultural population and the shortage of successors, as well as withdrawals resulting from the collapse of facility horticulture houses in typhoons and other natural disasters, may affect the performance of facility horticulture hot-air heaters and other products.」
The company continues to address the risk of lower demand from the declining agricultural population, aging, the shortage of successors, and natural disasters through the transfer of its technologies to other industries. - FY2023RestatedAnnual report
「For agricultural equipment in the Thermal Equipment business, a decline in new equipment investment due to the decline and aging of Japan’s agricultural population and the shortage of successors, as well as withdrawals resulting from the collapse of facility horticulture greenhouses in typhoons and other natural disasters, may affect the performance of facility horticulture hot-air heaters and other products. In response, we will develop applications that adapt our technologies for controlling heat and fluids to different industries and acquire new business foundations.」
The company continues to address the risks of a declining and aging agricultural population, a shortage of successors, and natural disasters by adapting its heat and fluid control technologies to other industries. - FY2021ReframedAnnual report
「The operating environment surrounding our group is changing in the facility horticulture industry related to our major segments. Although the number of small-scale farmers is declining due to the shortage of successors accompanying the aging of the agricultural population, more corporations are entering agriculture, driving the expansion and advanced systemization of facility horticulture.」
In addition to the traditional factors contributing to lower demand, namely the declining and aging agricultural population and the shortage of successors, the company describes changes in market structure, including corporate entry into agriculture and the expansion and advanced systemization of facility horticulture. - FY2020MitigatedAnnual report
「In response, we will develop applications that adapt our technologies for controlling heat and fluids to different industries and acquire new business foundations.」
The company indicated the development of applications that adapt its heat and fluid control technologies to other industries as a response to lower demand caused by the declining agricultural population, shortage of successors, and natural disasters. - FY2020-Q3MaterialisedAnnual 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 company states that the previously disclosed risk of natural disasters materialized in the form of delivery delays and lower sales of facility horticulture heating systems caused by typhoon damage. - FY2018RestatedAnnual report
「For agricultural equipment in the Thermal Equipment business, a decline in new equipment investment due to the decline and aging of Japan’s agricultural population and the shortage of successors, as well as withdrawals resulting from the collapse of facility horticulture greenhouses in typhoons and other natural disasters, may affect the performance of facility horticulture hot-air heaters and other products.」
The company continues to disclose the risk of lower demand resulting from the declining agricultural population, aging, the shortage of successors, and natural disasters. - FY2017RestatedAnnual report
「For agricultural equipment in the Thermal Equipment business, a decline in new equipment investment due to the decline and aging of Japan’s agricultural population and the shortage of successors, as well as withdrawals resulting from the collapse of facility horticulture greenhouses in typhoons and other natural disasters, may affect the performance of facility horticulture hot-air heaters and other products.」
The company continues to disclose the risk of lower demand resulting from the declining agricultural population, aging, the shortage of successors, and natural disasters. - FY2016First statedAnnual report
「A decline in new equipment investment due to the declining and aging agricultural population and the shortage of successors, as well as withdrawals resulting from the collapse of facility horticulture greenhouses in typhoons and other natural disasters, may affect the performance of facility horticulture hot-air heaters and other products.」
The company cites the decline in agricultural operators and withdrawals from equipment caused by natural disasters as factors contributing to lower demand for agricultural equipment.