Fluctuations in ナイアス Demand Due to Changes to or Discontinuation of Sprinkler Subsidies
First written in FY2018. 9 of 10 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2023.
Puequ moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「Demand for equipment and machinery, which declined during the COVID-19 pandemic, has yet to recover, and operating performance remained sluggish.」
Demand for equipment at hospitals and welfare facilities remained weak. Although revenue in the disaster prevention and safety business increased 11.0% year on year, segment profit declined 25.6%. - FY2022-Q3MaterialisedAnnual report
「While demand remained sluggish due to the decline in subsidy amounts for installing sprinkler systems at hospitals and nursing-care facilities amid the spread of COVID-19, in-person sales activities at hospitals and other facilities were often restricted.」
The decline in subsidy amounts for sprinkler installations resulted in sluggish demand, and restrictions on in-person sales activities continued to affect the disaster prevention and safety business through lower revenue and profit. - FY2022-Q2MaterialisedAnnual report
「As the COVID-19 pandemic caused subsidy amounts for installing sprinkler systems at hospitals and nursing-care facilities to decline and demand trends to remain sluggish, while sales activities at hospitals and other facilities were often restricted, operating performance remained sluggish as a result.」
The decline in subsidy amounts for sprinkler installations and restrictions on sales activities have continued to result in sluggish demand and sluggish operating performance in the disaster prevention and safety business. - FY2022-Q1MaterialisedAnnual report
「During the COVID-19 pandemic, the company took measures such as using videoconferencing systems for sales activities, but demand declined as subsidy amounts for installing sprinkler systems at hospitals and nursing-care facilities decreased, resulting in sluggish operating performance.」
The decline in subsidy amounts for sprinkler installations continues to be reflected in lower demand and sluggish operating performance in the disaster prevention and safety business. - FY2020-Q3MaterialisedAnnual report
「In the disaster prevention and safety business, operating performance remained sluggish in the second quarter because multiple delivery delays occurred for the core Naias sprinkler extinguishing systems and the subsidy budget for installing sprinkler extinguishing systems at medical clinics with inpatient facilities was lower than expected this fiscal year, among other factors.」
The impact of the subsidy budget being lower than expected continued to be reflected in actual results. Meanwhile, the company explains that orders subsequently improved through new-business development sales activities and that cumulative performance for the third quarter recovered to approximately the previous year's level. - FY2020-Q2MaterialisedAnnual report
「In the disaster prevention and safety business, operating performance remained sluggish because some projects involving the core Naias sprinkler extinguishing systems extended beyond the third quarter and the subsidy budget for installing sprinkler extinguishing systems at medical clinics with inpatient facilities was lower than expected this fiscal year, among other factors.」
The subsidy budget for medical clinics with inpatient facilities was lower than expected this fiscal year, and this was reflected in sluggish operating performance in the disaster prevention and safety business, including Naias. - FY2019-Q3MaterialisedAnnual report
「During the nine-month period of the current consolidated fiscal year, the low rate of subsidy approvals for Naias orders for medical clinics with inpatient facilities resulted in sluggish operating performance.」
The company explains that the low level of subsidy approvals actually led to sluggish operating performance for Naias. - FY2019-Q2MaterialisedAnnual report
「Revenue declined following a reaction to the strong demand captured in the previous year, when revenue performed steadily.」
The decline in Naias revenue resulting from the reaction to subsidy-related demand also materialized in the current quarter. Meanwhile, orders and inquiries for large-scale projects increased in the Kanto and Kansai regions. - FY2019-Q1MaterialisedAnnual report
「Demand for installation subsidies for sprinkler systems at medical clinics with inpatient facilities was somewhat lower at the beginning of the current fiscal year than at the beginning of the previous fiscal year.」
The company explains that fluctuations in subsidy-dependent demand for Naias sprinkler systems materialized, with revenue and profit in the disaster prevention and safety business declining year on year. It also notes the approval of an additional supplementary budget and strong order intake. - FY2018First statedAnnual report
「There is a risk that failure to qualify for the subsidy could shift the timing of revenue recognition or result in lost orders. In addition, if changes to or the discontinuation of the subsidy program dampen customers' purchasing appetite, this could affect the Group's operating performance.」
The company discloses the risks to demand for Naias sprinkler systems arising from failure to qualify for subsidies, changes to or discontinuation of the program, shifts in the timing of revenue recognition, lost orders, and declining purchasing appetite.