Economic fluctuation risk in industrial equipment and construction investment

「In the industrial sector, solid capital investment demand was seen in the defence and shipbuilding fields, in addition to the continued strength of semiconductor-related industries. In the housing sector, demand remained firm, particularly in the renovation market, for products with high energy efficiency and functionality. In the construction sector, demand related to the development of social infrastructure, including measures against disasters such as flooding, increased.」

「In the industrial sector, firm demand for capital investment was seen in some semiconductor and aerospace-related industries. In the housing sector, the number of new housing starts, particularly detached homes, fell due to revisions to the Building Standards Act, but demand for energy-saving products and highly functional products remained firm.」

「In the industrial sector, firm demand for capital investment continued, particularly in the semiconductor-related industry. In the construction and housing sectors, private redevelopment demand, particularly in urban areas, remained firm, but new housing starts, particularly detached houses, continued to be weak.」

「In the industrial sector, the impact of semiconductor shortages on the automotive industry eased and production normalization progressed, while firm demand for capital investment, particularly related to EVs, continued. In the semiconductor-related industry, companies remained cautious about capital investment because demand had been sufficiently met. In the construction and housing sectors, public and private facilities investment remained firm, but new housing starts, particularly owner-occupied homes, continued to be weak.」

「In the industrial sector, the impact of semiconductor shortages on the automotive industry eased and production recovered, while firm demand for capital investment, particularly related to EVs, continued. In the semiconductor-related industry, companies took a cautious approach to capital investment because demand had been sufficiently met. In the construction and housing sectors, public and private facilities investment remained firm, but new housing starts, particularly owner-occupied homes, remained weak.」

「In the industrial sector, firm demand for capital investment, particularly related to EVs, continued in the automotive industry. In contrast, companies in the semiconductor-related industry took a cautious approach to capital investment because some demand had been met. In the construction and housing sectors, public facilities investment remained firm, but new housing starts, particularly owner-occupied homes, remained weak.」

「In the industrial sector, supply chain disruptions and shortages of automotive semiconductors and other components had an impact, including production adjustments in parts of the automotive industry, but demand for capital investment remained firm. In the construction and housing sectors, new construction starts, particularly public facilities and condominiums, remained firm.」

「In the industrial sector, the disruption to supply chains caused by lockdowns and shortages of automotive semiconductors and other components affected the sector, including production adjustments mainly in the automotive industry. However, demand for capital investment showed an accelerating recovery and orders for machine tools and other products increased.」

「In the industrial sector, demand for capital investment showed an accelerating recovery and orders for machine tools and other products increased. However, the disruption to supply chains caused by lockdowns and prolonged shortages of semiconductor-related components had an impact, including production adjustments mainly in the automotive industry.」

「Although some production activity in the industrial sector showed signs of recovery, willingness to invest in capital equipment remained sluggish. In the construction and housing sectors, public works remained firm, but the sectors continued to weaken, including a decline in the number of new housing starts.」

「As the outlook for economic conditions remained uncertain, the industrial sector was seriously affected, including a rapid decline in companies' willingness to invest in capital equipment. In the construction and housing sectors, the number of new housing starts remained weak.」

「In the industrial sector, companies took an increasingly cautious approach to capital investment due to the sharp slowdown in the global economy, and the order environment remained sluggish.」

「In the industrial sector, concerns over a slowdown in the global economy increased, companies took an increasingly cautious approach to capital investment, and the order environment remained sluggish.」

「In the industrial sector, companies took an increasingly cautious approach to capital investment as the trade friction between the United States and China became prolonged, and the order environment remained sluggish.」

「In the industrial sector, companies took a cautious approach to capital investment due to the impact of trade friction between the United States and China, and the order environment remained sluggish, with the slowdown becoming more pronounced.」

「The Group's business is closely linked to trends in investment related to industrial equipment and construction investment, including the number of new housing starts. Although the Group is focusing on expanding into new fields and overseas markets, unexpected changes in the economic trends described above could affect its operating results and financial position.」