Risk of fluctuations in railway equipment investment and public investment by government agencies
First written in FY2018. 3 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 62 of 77 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the transportation segment, railway operators' capital investment was on a recovery trend, and wireless communications equipment and rolling-stock equipment performed strongly.」
While the risk of dependence on capital investment by railway operators is identified, transportation-related products performed well during the fiscal year as capital investment recovered. - FY2026-H1MitigatedAnnual report
「In the transportation segment, railway operators' capital investment was on a recovery trend, and wireless communications equipment and rolling-stock equipment performed strongly.」
The recovery in capital investment by railway operators mitigated the impact on the transportation sector previously caused by the loss of orders and restrained capital investment. - FY2025-H1MitigatedAnnual report
「Capital investment by railway operators was on a recovery trend, and wireless communications equipment and power receiving and substation equipment performed well.」
The recovery in capital investment by railway operators partly mitigated the impact previously seen in the loss of orders and restrained capital investment. - FY2023-Q3RestatedAnnual report
「In the transportation segment, information processing systems for railway operators and power receiving and substation equipment declined as large projects from the previous period ended. Rolling-stock equipment also remained sluggish as restraint on capital investment continued.」
Capital investment trends among railway operators continue to be reflected in results through the loss of orders for information-processing equipment and power receiving and substation equipment, as well as weak sales of rolling-stock equipment. - FY2023-Q1MaterialisedAnnual report
「In the transportation segment, train radio and information-processing equipment for railway operators declined as large orders from the previous period fell away. Capital investment restraint also continued, and rolling-stock equipment performed weakly.」
Capital investment trends among railway operators have been reflected in actual results through the loss of large orders for train radio and information-processing equipment and weak sales of rolling-stock equipment. - FY2020RestatedAnnual report
「Wireless communications equipment, traffic control terminal equipment, power receiving and substation equipment, and electrical equipment for rolling stock are strongly affected by capital investment by railway operators, our principal customers, and public investment by government agencies.」
Dependence on capital investment by railway operators and public investment by government agencies continues to be identified as a risk. - FY2018First statedAnnual report
「Wireless communications equipment, traffic control terminal equipment, power receiving and substation equipment, and electrical equipment for rolling stock are strongly affected by capital investment by railway operators, our principal customers, and public investment by government agencies.」
The trends in capital investment by railway operators and public investment by government agencies are identified as factors affecting operating performance and financial condition.