Uncertainty over demand for marine equipment and parts
First written in FY2018. 5 of 8 entries say "Mitigated", first in FY2020-Q1. Latest entry: 2026-10-09.
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- 2026-10-09WorsenedRevision of earnings forecasts
「In the Power and Heavy Machinery, etc. segment, orders and sales declined in the first half of the current consolidated fiscal year following the sharp increase in orders and sales of marine-related equipment in the second half of the previous consolidated fiscal year. Because the decline exceeded initial expectations, performance remained weak.」
For marine-related equipment, the decline in orders and sales in the first half caused by the reaction to the sharp expansion in the second half of the previous fiscal year exceeded expectations, increasing the risk associated with uncertainty over demand. - FY2025-H1MitigatedAnnual report
「Demand for marine engine components remains firm, driven by demand to improve fuel efficiency. Through accurate management of the order backlog and planned production, we have achieved stable on-time delivery rates and profit levels.」
Demand for marine engine components remains firm, driven by improvements in fuel efficiency, and delivery performance and profit levels are being maintained through order-backlog management and planned production. The previous demand uncertainty has not materialized in this filing. - FY2023MitigatedAnnual report
「In the Power and Heavy Machinery Business, demand related to machine tools continued to trend upward, and operational efficiency improved through a review of the production process for small engine components related to ships.」
Against uncertainty in demand related to ships, demand related to machine tools increased and the production process for small engine components was reviewed, resulting in solid sales and earnings. - FY2022-Q1MitigatedAnnual report
「Demand in the shipbuilding, plant-related and machine-tool-related markets remains firm.」
The previous disclosure described declines in order volume and sales of marine equipment, whereas this time demand in related markets, including shipbuilding, is described as firm. However, sales were slightly below the same period of the previous year. - FY2021-Q3MaterialisedAnnual report
「The contract manufacturing business for ship-related equipment, which accounts for approximately 50% of revenue in this business, had benefited from strong related market conditions in the previous fiscal year but remained sluggish in the current fiscal year due to the resulting reaction. Consequently, the volume of contract manufacturing orders for ship engine bedplates declined, as did revenue.」
The uncertainty in demand related to ships, previously mitigated by a favorable demand environment, is now materializing as declines in order volume and sales following the strong performance in the previous fiscal year. - FY2020-Q2MitigatedAnnual report
「In the power and heavy machinery businesses, orders continued to trend upward from the second quarter onward against a favorable demand environment for contract manufacturing of ship-related and plant-related equipment, and operating performance remained steady.」
The contract manufacturing business, including marine equipment, shows a favorable demand environment, increased orders, and solid operating results, while the previous uncertainty in demand related to ships has not yet materialized. - FY2020-Q1MitigatedAnnual report
「In the power and heavy machinery businesses, orders increased against a favorable demand environment for contract manufacturing of ship-related and plant-related equipment, resulting in generally steady performance.」
Against the previous uncertainty in demand for marine equipment and components, increased orders and solid operating results are shown in the contract manufacturing business, including marine equipment. - FY2018First statedAnnual report
「Because demand for marine equipment and components, which had previously accounted for a large proportion of sales, is uncertain, we are proceeding with a shift in target markets from the sea to land, including plants and aircraft-related fields.」
Uncertainty in demand for marine equipment and components is explicitly identified as a risk underlying the business strategy.