Prolonged Slump in the Construction Machinery Industry
First written in FY2017-Q1. 12 of 26 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2026.
Sato Sho-Ji moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 8 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In the steel business, sales to the commercial vehicle and construction and industrial machinery industries, which are major customer industries, remained firm, although」
Sales to the construction and industrial machinery industry, where weakness had previously been reported, were described as firm, and no adverse impact from the industry's poor performance on the steel business was indicated for the fiscal year. - FY2025MaterialisedAnnual report
「In the Steel Business, sales to the commercial vehicle sector and the construction and industrial machinery sector, which are major customer industries, remained weak. As a result, revenue was ¥177,897 million, down 2.1% year on year, and operating profit was ¥3,365 million, down 14.7%.」
Sluggish sales to the construction and industrial machinery industry were again reflected in actual results as lower full-year revenue and lower profit in the steel business. - FY2023MitigatedAnnual report
「In the steel business, in addition to the impact of higher steel material prices, sales to the commercial vehicle industry and the domestic construction and industrial machinery industry, which are key customer industries, remained firm, among other factors.」
Sales to the construction and industrial machinery industry, which had previously been weak, were described as firm even on a full-year basis, reaffirming that the adverse impact of the industry's poor performance had weakened. - FY2023-Q1MitigatedAnnual report
「Meanwhile, although manufacturing was affected by delays in the supply of parts, production activity resumed and remained firm.」
The resumption of production activity in manufacturing progressed, indicating that the adverse impact of the previous downturn in manufacturing, including the construction and industrial machinery industry, had weakened. However, the impact of delays in the supply of parts remained. - FY2022-Q2RestatedAnnual report
「Sales to the commercial vehicle industry and the domestic construction and industrial machinery industry, which are key customer industries, remained firm, among other factors.」
Sales to domestic construction and industrial machinery customers, which had been described as weak through the previous fiscal year, remained strong in the second quarter. - FY2022-Q1MitigatedAnnual report
「In the steel business, sales to the commercial vehicle industry and the domestic construction and industrial machinery industry, which are key customer industries, remained firm, among other factors.」
Sales to domestic construction and industrial machinery customers, which had been described as weak through the previous fiscal year, remained strong, and operating results in the steel business recovered, including operating income. - FY2021MaterialisedAnnual report
「The Group's consolidated results showed substantial year-on-year declines in revenue, operating income, ordinary income and net income attributable to owners of the parent in the first half. From the second half onward, however, operating income, ordinary income and net income attributable to owners of the parent exceeded the previous year's levels, owing to a solid recovery in production in the commercial vehicle and construction and industrial machinery industries, among other factors, as well as efforts to reduce expenses by promoting working from home and web conferences.」
Although a recovery in production in the construction and industrial machinery industry was seen in the second half, the main performance indicators for the full year, including the weak first half, were below the previous year's levels. - FY2021-Q3MaterialisedAnnual report
「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥7,914 million, down 20.1% year on year, and operating income was ¥525 million, down 55.5%.」
Although the construction and industrial machinery industry had been described as recovering and strong through the previous fiscal year, sluggish domestic sales continued to be reflected in the steel business as lower revenue and lower profit. - FY2021-Q2MaterialisedAnnual report
「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥4,814.1 million, down 28.4% year on year, and operating income was ¥63 million, down 92.2%.」
Although the construction and industrial machinery industry had been described as recovering and strong through the previous fiscal year, sluggish domestic sales were reflected in the steel business as a substantial decline in revenue and operating income. - FY2021-Q1MaterialisedAnnual report
「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥2,268.4 million, down 33.0% year on year, and the business reported an operating loss of ¥94 million, compared with operating income of ¥385 million in the same period of the previous year.」
Although the construction and industrial machinery industry had been described as recovering and strong through the previous fiscal year, sluggish domestic sales were reflected in the steel business as lower revenue and an operating loss. - FY2020MaterialisedAnnual report
「In the Steel Business, the commercial vehicle industry, a major customer industry, performed steadily, but sales to the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥13,451.4 million, down 2.8% year on year, and operating income was ¥1,635 million, down 24.5%, due partly to a decline in the profit margin caused by higher procurement costs.」
Although the construction and industrial machinery industry had been described as recovering and strong through the previous fiscal year, sluggish domestic sales were reflected in full-year results as lower revenue and lower profit in the steel business. - FY2020-Q3MaterialisedAnnual report
「In the Steel Business, the commercial vehicle industry, a major customer industry, performed steadily, but sales to the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥9,906.4 million, down 4.7% year on year, and operating income was ¥1,181 million, down 28.5%, due partly to a decline in the profit margin caused by higher procurement costs.」
Although the construction and industrial machinery industry had been described as recovering and strong through the previous fiscal year, sluggish domestic sales were reflected in cumulative third-quarter results as a 28.5% year-on-year decline in operating income in the steel business. - FY2020-Q2MaterialisedAnnual report
「In the Steel Business, the commercial vehicle industry, a major customer industry, performed steadily, but sales to the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥6,726.7 million, down 1.1% year on year, and operating income was ¥808 million, down 29.2%, due partly to a decline in the profit margin caused by higher procurement costs.」
Although the construction and industrial machinery industry had been described as recovering and strong through the previous fiscal year, sluggish domestic sales were reflected in cumulative second-quarter results as a 29.2% decline in operating income in the steel business. - FY2020-Q1MaterialisedAnnual report
「In the Steel Business, the commercial vehicle industry, a major customer industry, performed strongly, but sales to the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥3,387.3 million, up 0.5% year on year. Operating income was ¥385 million, down 37.0%, due partly to a decline in the profit margin caused by higher procurement costs.」
Although the construction and industrial machinery industry had been described as recovering and strong through the previous fiscal year, sluggish domestic sales were reflected in actual results as a decline in operating income in the steel business. - FY2019RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a moderate recovery track, supported by improvements in corporate earnings and the employment environment. However, the outlook remained uncertain amid concerns over trade friction arising from US-China trade issues.」
The construction and industrial machinery industry was described as strong throughout the fiscal year, reaffirming that the adverse impact of its previous prolonged downturn had weakened. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy remained on a moderate recovery track, supported by improvements in corporate earnings and the employment environment. However, the outlook remained uncertain amid concerns over trade friction arising from US-China trade issues.」
Despite the previous downturn in the construction and industrial machinery industry, the segment commentary described the industry as strong, reaffirming that its adverse impact had weakened. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy remained on a moderate recovery track, supported by improvements in corporate earnings and the employment environment. However, the outlook remained uncertain amid concerns over trade friction arising from US-China trade issues.」
While the construction and industrial machinery industry had been weak through the previous fiscal year, it was reported to have remained strong in the second quarter, and the reduced adverse impact of the industry continued. - FY2019-Q1RestatedAnnual report
「The consolidated results of the Group were supported by strong performance in the core commercial vehicle and construction and industrial machinery industries, among other factors.」
While the construction and industrial machinery industry had been weak through the previous fiscal year, it was reported to have remained strong in the first quarter, reaffirming that its adverse impact had weakened. - FY2018MitigatedAnnual report
「In the machinery and tools business, revenue was ¥1,261 million, up 30.3% year on year, due to the receipt of capital investment orders in Japan and overseas as appropriate.」
Against the previous downturn in demand for construction and industrial machinery and capital investment, orders for capital investment projects in Japan and overseas and an increase in revenue were reported, indicating that the adverse impact had weakened. - FY2018-Q3MitigatedAnnual report
「In the Steel Business, net sales were ¥9,671.1 million, up 17.3% year on year, and operating income was ¥1,941 million, up 29.9%, supported by steady domestic and overseas sales in the commercial vehicle industry, a major customer industry, and a recovery in the construction and industrial machinery industry.」
The recovery in the construction and industrial machinery industry, in contrast to its previous prolonged downturn, was also evident in cumulative third-quarter results, and revenue and operating income in the steel business increased. - FY2018-Q2MitigatedAnnual report
「In the Steel Business, net sales were ¥6,332.1 million, up 17.1% year on year, and operating income was ¥1,275 million, up 32.0%, supported by steady domestic sales in the commercial vehicle industry, a major customer industry, and a recovery in the construction and industrial machinery industry.」
Against the downturn in the construction and industrial machinery industry reported through the previous quarter, the recovery in the industry continued, and revenue and operating income in the steel business increased. - FY2018-Q1MitigatedAnnual report
「Under these circumstances, the consolidated results of our group benefited from solid domestic sales in the core commercial vehicle industry and a recovery in the construction and industrial machinery industries. Net sales were ¥48,617 million, up 14.2% year on year; operating profit was ¥1,073 million, up 38.2%; ordinary profit was ¥1,208 million, up 41.8%; and net income attributable to owners of the parent was ¥820 million, up 52.1%.」
While the prolonged downturn in the construction and industrial machinery industry had previously been reported, the current quarter saw a recovery in the construction and industrial machinery industry, indicating that its adverse impact had weakened. - FY2017MaterialisedAnnual report
「In the machinery and tools business, government subsidies to support domestic capital investment were provided, but they were not enough to restore capital investment sentiment. In addition, amid the impact of an economic slowdown in emerging Asian countries, revenue was ¥968 million, down 3.1% year on year.」
The failure to restore capital investment sentiment continued to be reflected in the decline in revenue in the machinery and tools business. - FY2017-Q3MaterialisedAnnual report
「In the steel business, amid continued sluggish overseas sales in the commercial vehicle industry, a major customer industry, and the prolonged downturn in the construction and industrial machinery industry, revenue was ¥8,243 million, down 5.5% year on year, and operating income was ¥1,494 million, down 7.7%.」
The prolonged downturn in the construction and industrial machinery industry continued to be reflected in cumulative third-quarter results as declines in revenue and operating income in the steel business. - FY2017-Q2MaterialisedAnnual report
「In the steel business, amid sluggish overseas sales in the commercial vehicle industry, a major customer industry, and the prolonged downturn in the construction and industrial machinery industry, revenue was ¥5,409 million, down 8.1% year on year, and operating income was ¥965 million, down 8.5%.」
The prolonged downturn in the construction and industrial machinery industry has been reflected in actual results as declines in revenue and operating income in the steel business. - FY2017-Q1First statedAnnual report
「In the steel business, affected by falling selling prices in the commercial vehicle industry, a major customer industry, and the prolonged downturn in the construction equipment industry, revenue was ¥26,882 million, down 8.4% year on year, and operating income was ¥451 million, down 3.6% year on year.」
In addition to the previous dependence on the commercial vehicle and automotive parts industries, this is the first disclosure stating that the prolonged downturn in the construction equipment industry affected revenue and operating income in the steel business.