Decline in Air-Conditioning Equipment and Struggles in Low-Temperature Equipment
First written in FY2017-Q3. 9 of 26 entries say "Restated". Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「In the air-conditioning and refrigeration equipment field, low-temperature equipment remained at the previous fiscal year’s level, while air-conditioning equipment performed sluggishly.」
Although the interim period indicated a recovery trend in demand for air-conditioning equipment, air-conditioning equipment was weak for the full year, while low-temperature equipment remained at the previous year's level. - 2026-05-13WorsenedRevision of earnings forecasts
「In the air-conditioning and refrigeration equipment field, low-temperature equipment remained at the previous fiscal year’s level, while air-conditioning equipment performed sluggishly.」
Air-conditioning equipment has shifted from the previous description of recovering demand to sluggish performance. - FY2026-H1Demand recovery accompanied by lower marginsAnnual report
「In the air-conditioning and refrigeration equipment segment, demand for air-conditioning equipment continued to recover, while low-temperature equipment remained at the previous year's level. As a result, the business generated an increase in revenue of ¥679 million, but margins declined because of the impact of large projects in the facilities equipment segment, resulting in a ¥73 million decrease in ordinary profit.」
Demand for air-conditioning equipment recovered and low-temperature equipment remained at the previous year's level, while lower margins caused by large projects in the facilities equipment segment led to a decline in business profit. - FY2025-H1WorsenedAnnual report
「In the air-conditioning and refrigeration equipment segment, air-conditioning equipment for office buildings struggled, resulting in weak performance.」
Air-conditioning equipment had been described as performing steadily through the previous period, supported by the recovery in capital investment in stores, but equipment for office buildings struggled and performed weakly. - FY2024-Q3MitigatedAnnual report
「In the air-conditioning and refrigeration equipment segment, air-conditioning and low-temperature equipment performed steadily as capital investment in stores recovered, while residential equipment also remained firm.」
Air-conditioning, low-temperature and residential equipment all performed steadily or firmly, including low-temperature equipment, which had been weak because of supply constraints through the previous period. - FY2024-Q2RestatedAnnual report
「In the air-conditioning and refrigeration equipment segment, air-conditioning equipment performed steadily as capital investment in stores recovered, while residential equipment also remained firm.」
The steady performance of air-conditioning equipment and firm performance of residential equipment continue, alongside the recovery in capital investment in stores. - FY2023MitigatedAnnual report
「In the air-conditioning and refrigeration equipment segment, air-conditioning equipment increased as capital investment in the food-service industry recovered, while residential equipment increased on several large orders.」
The full-year discussion describes increases in air-conditioning and residential equipment, following weak performance in low-temperature and residential equipment caused by supply constraints through the third quarter. - FY2023-Q3RestatedAnnual report
「In the air-conditioning and refrigeration equipment segment, orders for low-temperature and residential equipment remained sluggish because the period affected by supply stoppages and delivery delays was prolonged. Although product availability was improving, performance remained weak. Air-conditioning equipment, however, increased as capital investment in the food-service industry recovered.」
The product-level trends remain unchanged: air-conditioning equipment increased as capital investment in the food-service industry recovered, while low-temperature and residential equipment remained sluggish because supply stoppages and delivery delays persisted. - FY2023-Q2Different performance by productAnnual report
「In the Air-Conditioning and Heating Equipment segment, air-conditioning equipment increased as capital investment in the food-service industry recovered. Meanwhile, orders for low-temperature and residential equipment stagnated as the period affected by prolonged product supply stoppages and delivery delays extended, and performance remained weak despite signs of improvement in supply conditions.」
Air-conditioning equipment increased as capital investment in the food-service industry recovered, while low-temperature and residential equipment remained weak due to prolonged supply stoppages and delivery delays. - FY2023-Q1WorsenedAnnual report
「In the Air-Conditioning and Heating Equipment segment, orders stagnated as the impact of product supply stoppages and extended delivery times persisted, and performance remained weak despite supply conditions beginning to normalize.」
Product supply stoppages and extended delivery times persisted, and orders for air-conditioning and heating equipment remained weak, although supply conditions were beginning to normalize. - FY2022-Q2WorsenedAnnual report
「In the Air-Conditioning and Heating Equipment segment, low-temperature and residential equipment performed steadily, but air-conditioning equipment was weak as it struggled in offices, food service, medical facilities and other markets, and was also affected by supply stoppages caused by the semiconductor shortage.」
While low-temperature and residential equipment performed steadily, air-conditioning equipment was weak due to weakness in its end markets and the impact of product supply stoppages caused by the semiconductor shortage. - FY2021-Q3RestatedAnnual report
「In the Air-Conditioning and Heating Equipment segment, demand from the service sector, including food service, remained weak, and air-conditioning equipment struggled.」
Continued to note the weakness of air-conditioning equipment against a backdrop of weak demand from the service sector. - FY2021-Q2WorsenedAnnual report
「In the Air-Conditioning and Heating Equipment segment, demand from the service sector, including food service, remained weak, and both air-conditioning and low-temperature equipment struggled.」
The description changed from low-temperature equipment performing steadily in the previous quarter to both air-conditioning and low-temperature equipment struggling. - FY2021-Q1Different performance by productAnnual report
「In the Air-Conditioning and Heating Equipment segment, air-conditioning and residential equipment performed steadily, while low-temperature equipment performed weakly.」
Air-conditioning and residential equipment performed steadily, while low-temperature equipment was weak, resulting in divergent performance by product. - FY2020RestatedAnnual report
「In the Air-Conditioning and Heating Equipment segment, low-temperature and residential equipment remained roughly at the prior-period level, while air-conditioning equipment performed weakly.」
Reconfirmed for the full year the weak performance of air-conditioning equipment and the roughly prior-period performance of low-temperature and residential equipment. - FY2020-Q3RestatedAnnual report
「In the Air-Conditioning and Heating Equipment segment, low-temperature and residential equipment remained roughly at the prior-year level, while air-conditioning equipment performed weakly.」
Reconfirmed the product-level pattern of weak performance in air-conditioning equipment and roughly prior-year performance in low-temperature and residential equipment. - FY2020-Q2RestatedAnnual report
「In the Air-Conditioning and Heating Equipment segment, low-temperature and residential equipment remained roughly at the prior-year level, while air-conditioning equipment performed weakly.」
Reconfirmed the product-level pattern of weak performance in air-conditioning equipment and roughly prior-year performance in low-temperature and residential equipment. - FY2020-Q1Different performance by productAnnual report
「The Air-Conditioning and Heating Equipment segment remained roughly at the prior-year level as steady performance in low-temperature equipment offset weak performance in air-conditioning and residential equipment.」
Air-conditioning and residential equipment were weak, while low-temperature equipment performed steadily, leaving the segment as a whole roughly at the prior-year level. - FY2019-Q3RestatedAnnual report
「The Air-Conditioning and Heating Equipment segment declined due to the impact of a large overseas air-conditioning project in the prior period, despite strong performance in air-conditioning projects for major facilities contractors, mainly in the Tokyo metropolitan area, and building management systems.」
Noted that air-conditioning equipment declined due to the reversal of the prior period's large project, while building management systems performed well. - FY2019-Q2RestatedAnnual report
「In the Air-Conditioning and Heating Equipment segment, low-temperature and residential equipment remained roughly at the prior-period level, while air-conditioning equipment declined due to the impact of a large project in the prior period.」
Reconfirmed the pattern of air-conditioning equipment declining due to the reversal of the prior period's large project, while low-temperature and residential equipment remained roughly at the prior-period level. - FY2019-Q1WorsenedAnnual report
「In the Air-Conditioning and Heating Equipment segment, air-conditioning equipment declined due to the impact of large projects in the prior period.」
Air-conditioning equipment, which had increased due to large projects in the prior period, declined as that effect reversed. - FY2018MitigatedAnnual report
「Air-conditioning equipment increased on large projects for data centers, while low-temperature equipment and residential equipment remained at roughly the prior-year level.」
Air-conditioning equipment increased due to large projects, while the weakness in low-temperature equipment improved to roughly the prior-year level. - FY2018-Q3RestatedAnnual report
「Air-conditioning equipment increased due to the impact of large projects, while low-temperature equipment and residential equipment remained roughly at the prior-year level.」
Continued to note the increase in air-conditioning equipment from large projects and the roughly prior-year performance of low-temperature and residential equipment. - FY2018-Q2MitigatedAnnual report
「In the Heating and Cooling Equipment segment, air-conditioning equipment increased on large projects, while low-temperature equipment and residential equipment remained roughly at the prior-year level.」
Air-conditioning equipment continued to increase after performing steadily in the previous quarter, while low-temperature equipment improved from weakness to roughly the prior-year level. - FY2018-Q1SoftenedAnnual report
「In the Heating and Cooling Equipment segment, low-temperature equipment and residential equipment remained roughly at the prior-year level, while air-conditioning equipment performed steadily, supported by large projects.」
Air-conditioning equipment turned from its previous decline to steady performance due to large projects, while low-temperature equipment was described as remaining at roughly the prior-year level rather than struggling. - FY2017-Q3First statedAnnual report
「In the Heating and Cooling Equipment segment, air-conditioning equipment declined in projects for major facilities contractors, while low-temperature equipment also struggled.」
First noted the decline in air-conditioning equipment and weakness in low-temperature equipment in the Heating and Cooling Equipment segment.