Lower revenue and profit due to a decrease in deliveries in the Chemicals and Energy businesses
First written in FY2018-Q2. . Latest entry: FY2023.
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- FY2023Higher full-year revenue and profit from deliveries of large equipment projectsAnnual report
「The smooth progress of deliveries under large, long-term projects, including the construction and replacement of private power generation facilities for major steelmakers, oil refiners, chemical companies and paper manufacturers, resulted in revenue of ¥26,425 million, up 18.7% from the previous fiscal year, and segment profit of ¥1,183 million, up 58.8%.」
Progress in deliveries of new and replacement private power generation facilities for steelmakers, oil refiners, chemical companies and paper manufacturers resulted in higher full-year revenue and profit in the chemicals and energy businesses. - FY2023-Q3Substantial profit growth from completion of a large agency transactionAnnual report
「Deliveries, including large projects such as thermal power generation equipment for a major chemical manufacturer and hydroelectric power generation equipment for a major transportation company, progressed as scheduled, resulting in revenue of ¥17,176 million, up 11.9% year on year. Segment profit increased substantially to ¥748 million, up 166.9%, supported by the completion of delivery under a large agency transaction.」
Deliveries of large projects progressed as scheduled, and completion of delivery under a large agency transaction also contributed, resulting in higher revenue and substantially higher profit in the chemicals and energy businesses. - FY2023-Q2Higher profit from strong performance at セイカダイヤエンジンAnnual report
「Deliveries, including large projects such as hydroelectric power generation equipment for a major transportation company, progressed as scheduled, securing revenue of ¥10,542 million, broadly in line with the previous year and down 0.1% year on year. Segment profit, however, rose 90.4% to ¥381 million due to the strong performance of セイカダイヤエンジン株式会社.」
Revenue remained broadly in line with the previous year as deliveries of large projects progressed, while segment profit increased substantially due to the strong performance of セイカダイヤエンジン. - FY2022Substantial full-year increases in revenue and profit from a subsidiary's contributionAnnual report
「The results of セイカダイヤエンジン株式会社, which became a consolidated subsidiary on 1 October of the previous fiscal year, were included for only 3 months in the previous fiscal year but for the full year in the current fiscal year. In addition, 敷島機器株式会社 performed solidly, supported by maintenance services for power generation engines. As a result, revenue was ¥22,261 million, up 100.5% from the previous fiscal year, and segment profit was ¥745 million, up 785.7%.」
The full-year contribution from セイカダイヤエンジン and solid performance at 敷島機器 resulted in substantial increases in revenue and profit in the chemicals and energy businesses. - FY2022-Q3Substantial increases in revenue and profit from a subsidiary's contributionAnnual report
「In addition to the contribution from sales at セイカダイヤエンジン㈱, which handles marine engines and became a consolidated subsidiary in the previous fiscal year, strong performance at 敷島機器 resulted in revenue of ¥15,347 million, up 125.1% year on year, and segment profit of ¥280 million, up 646.1%.」
The contribution from セイカダイヤエンジン and solid performance at 敷島機器 resulted in substantial increases in revenue and profit in the chemicals and energy businesses for the nine-month period. - FY2022-Q2Higher revenue and profit from the contribution of a subsidiaryAnnual report
「Sales from セイカダイヤエンジン㈱, which handles marine engines and became a consolidated subsidiary in the previous fiscal year, contributed to revenue of ¥10,553 million, up 116.6% year on year, and segment profit of ¥200 million, up 351.6%.」
The contribution from セイカダイヤエンジン resulted in substantial increases in revenue and profit in the chemicals and energy businesses in the first half. - FY2022-Q1Higher revenue from subsidiary sales contribution but lower profit due to weaker performance at 敷島機器Annual report
「Sales at セイカダイヤエンジン㈱, which became a consolidated subsidiary in the previous fiscal year, contributed to revenue of ¥5,167 million, up 86.7% year on year. However, segment profit fell 26.2% to ¥136 million due to lower profit at 敷島機器㈱, which handles marine engines.」
Revenue increased substantially due to the contribution from セイカダイヤエンジン, while the chemicals and energy businesses reported lower profit due to weaker performance at 敷島機器. - FY2021Continued decline in revenue and profit for the full yearAnnual report
「Revenue was ¥28,494 million, down 33.7% from the previous fiscal year, because there were no large-scale sales of newly built power generation equipment for general industries. Segment profit fell 84.0% to ¥84 million owing to the burden of additional work costs in some of the Company's transactions.」
The chemicals and energy businesses reported substantial full-year declines in revenue and profit because there were no large-scale sales of newly built power generation equipment and the Company also bore additional work costs. - FY2021-Q3Continued lower revenue and profit due to the burden of additional workAnnual report
「Segment profit was ¥37 million, down 76.4% year on year, owing mainly to the burden of additional work costs in some of the Company's transactions.」
The chemicals and energy businesses reported a 9.0% year-on-year decline in revenue because there were no large-scale sales of newly built power generation equipment for general industries. Segment profit fell to ¥37 million due partly to the burden of additional work costs. - FY2021-Q2Lower revenue and profit due to the burden of additional workAnnual report
「Revenue fell 17.1% year on year to ¥12,396 million as sales of power generation equipment for general industries declined. Although earnings at 敷島機器株式会社, which handles marine engines, expanded, segment profit fell 39.6% to ¥44 million due partly to the burden of additional work in some of the Company's transactions.」
The chemicals and energy businesses reported lower revenue and profit due to lower sales of power generation equipment for general industries and the burden of additional work in some transactions. - FY2021-Q1OtherAnnual report
「Revenue increased 24.1% year on year to ¥8,781 million due to higher sales from power generation equipment replacement work for chemical companies and other projects. In addition, the Company's standalone performance remained solid, while earnings at subsidiary 敷島機器株式会社, which handles marine engines, expanded. As a result, segment profit rose 429.6% to ¥184 million.」
The chemicals and energy businesses reported higher revenue and profit due to equipment replacement work for chemical companies and expanded earnings at the Company's standalone operations and 敷島機器. - FY2020Higher profit from medium- and small-scale projects despite lower full-year revenueAnnual report
「Sales of newly built power generation equipment to oil companies and others declined, resulting in revenue of ¥42,970 million, down 20.0% from the previous fiscal year. However, segment profit increased 17.6% to ¥895 million due to the accumulation of medium- and small-scale projects, including production equipment replacement work.」
Revenue declined as sales of newly built power generation equipment fell, while profit increased due to the accumulation of medium- and small-scale projects, including production equipment replacement work. - FY2020-Q3Substantial declines in revenue and profit in the chemicals and energy businessesAnnual report
「Although sales of equipment for general industries remained at approximately the same level as in the same period of the previous year, revenue fell 50.9% to ¥23,359 million and segment profit fell 21.0% to ¥431 million as large-scale power generation equipment sales declined.」
While equipment sales to general industries were at approximately the same level as in the same period of the previous year, the chemicals and energy businesses reported substantially lower revenue and profit due to lower large-scale power generation equipment sales. - FY2020-Q2Continued lower revenue and profit due to lower large-scale power generation equipment salesAnnual report
「Although sales of equipment for general industries remained at approximately the same level as in the same period of the previous year, revenue fell 63.4% to ¥14,951 million and segment profit fell 43.5% to ¥267 million as large-scale power generation equipment sales declined.」
Although equipment sales to general industries were at approximately the same level as in the same period of the previous year, the chemicals and energy businesses reported substantially lower revenue and profit due to lower large-scale power generation equipment sales. - FY2020-Q1Substantial declines in revenue and profit due to lower large-scale power generation equipment salesAnnual report
「Although sales of equipment for general industries were at approximately the same level as in the same period of the previous year, revenue fell 79.5% to ¥7,075 million and segment profit fell 56.3% to ¥126 million as large-scale power generation equipment sales declined.」
The chemicals and energy businesses reported substantial declines in revenue and profit in the first quarter because large-scale power generation equipment sales that contributed in the previous fiscal year declined. - FY2019Higher full-year revenue and profit from large deliveriesAnnual report
「Deliveries of newly built power generation equipment and other items to an oil company resulted in revenue of ¥53,682 million, up 115.7% from the previous fiscal year, and segment profit of ¥761 million, up 10.1%.」
Deliveries of newly built power generation equipment and other items to an oil company resulted in substantial full-year increases in revenue and profit in the chemicals and energy businesses. - FY2019-Q3Continued higher revenue and profit from large deliveriesAnnual report
「Following deliveries of newly built power generation equipment to an oil company, revenue was ¥47,581 million, up 137.5% year on year, and segment profit was ¥546 million, up 25.7%.」
Deliveries of newly built power generation equipment to an oil company continued to contribute during the nine-month period, resulting in substantial increases in revenue and profit in the chemicals and energy businesses. - FY2019-Q2Continued higher revenue and profit from large deliveriesAnnual report
「A large delivery of coke-fired power generation equipment to an oil company resulted in revenue of ¥40,799 million, up 188.3% year on year, and segment profit of ¥473 million, up 24.7%.」
The large delivery of coke-fired power generation equipment to an oil company also contributed in the first half, resulting in substantial increases in revenue and profit in the chemicals and energy businesses. - FY2019-Q1Substantial increases in revenue and profit from large deliveriesAnnual report
「Following the large delivery of coke-fired power generation equipment to an oil company, revenue was ¥34,568 million, up 294.4% year on year, and segment profit was ¥288 million, up 36.6%.」
The chemicals and energy businesses, which had reported lower revenue and profit through the previous fiscal year due to fewer deliveries of newly built power generation equipment and periodic inspection work, posted substantial increases in revenue and profit following a large delivery of coke-fired power generation equipment to an oil company. - FY2018-Q3Lower revenue and profit continue in the third quarterAnnual report
「Although subsidiary 敷島機器㈱ performed solidly, there were no deliveries of newly built power generation equipment for general industries during the nine months ended in the third quarter of the current consolidated fiscal year, and deliveries of periodic inspection work for power generation companies also declined. As a result, revenue fell 29.1% year on year to ¥20,030 million and segment profit fell 49.2% to ¥434 million.」
The chemicals and energy businesses reported lower revenue and profit for the nine-month period because there were no deliveries of newly built power generation equipment and deliveries of periodic inspection work also declined, despite solid performance by 敷島機器. - FY2018-Q2First statedAnnual report
「Although the performance of the subsidiary 敷島機器㈱ remained steady, there were no deliveries of newly constructed power generation facilities for general industries during the cumulative second-quarter consolidated period, and deliveries of periodic inspection work for power generation companies also declined. As a result, revenue was ¥1,415.1 million, down 37.4% year on year, and segment profit was ¥37.9 million, down 47.6%.」
While the performance of subsidiary 敷島機器 was solid, the chemicals and energy businesses reported lower revenue and profit because there were no deliveries of newly built power generation equipment and deliveries of periodic inspection work also declined.