Fluctuations in Domestic Economic Conditions, Construction and Capital Investment Demand
First written in FY2018. 7 of 20 entries say "Restated". Latest entry: FY2026-H1.
Senshu Electric moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 62 of 77 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026-H1Recovery in some areas of demand alongside delays in construction and electrical distribution projectsAnnual report
「Although the construction and electrical distribution markets experienced delays in construction schedules due to soaring material costs, labor shortages and other factors, demand for semiconductor manufacturing equipment and machine tools recovered,」
While demand for semiconductor manufacturing equipment and machine tools has recovered, construction and electrical distribution markets have experienced construction delays due to surging material costs and labor shortages, indicating divergent trends in domestic capital investment demand by end market. - FY2025WorsenedAnnual report
「In addition, shipments for the construction and electrical distribution markets generally declined compared with the previous fiscal year.」
Regarding construction and capital investment-related demand, the trend has changed from upward in the previous fiscal year to downward. Delays in construction schedules caused by surging material costs and labor shortages are also cited as factors affecting operating results. Meanwhile, the Group continues to diversify its sales destinations across a broad range of industries to offset weakness through other industries. - FY2025-H1WorsenedAnnual report
「Shipments to the construction and electrical distribution channels remained on a declining trend compared with the same period of the previous year.」
After changing from an upward trend in the full previous fiscal year to broadly flat, shipments to the construction and electrical distribution markets are trending downward in the current interim period. - FY2024Demand changed from an upward trend to broadly flat, while diversification by industry was identified as a countermeasureAnnual report
「Demand for the Group’s products is affected by domestic economic conditions and business trends. In particular, because its principal products, electric wires and cables, are used for capital investment, trends in construction demand and the level of corporate capital investment could affect the Group’s operating results. By selling to a broad range of industries, including construction work, construction, machinery and equipment, automobiles, LCDs and semiconductor manufacturing equipment, rather than concentrating on specific industries, the Group has developed its business so that it can compensate through other industries when construction demand declines.」
While shipments to the construction and electrical distribution markets changed from an upward trend in the previous period to broadly flat, diversification of sales destinations across construction work, construction, machinery and equipment, automobiles, LCDs and semiconductor manufacturing equipment is identified as a countermeasure. - FY2024-Q2RestatedAnnual report
「In addition, shipments for the construction and electrical distribution markets followed an upward trend compared with the year-earlier period.」
Regarding construction and capital investment-related demand, the upward trend in shipments to the construction and electrical distribution markets has continued from the previous quarter. No material changes in business or other risks are reported. - FY2024-Q1MitigatedAnnual report
「In addition, shipments for the construction and electrical distribution markets followed an upward trend compared with the year-earlier period.」
Regarding construction and capital investment-related demand, shipments to the construction and electrical distribution markets have changed from broadly flat through the previous quarter to an upward trend. - FY2023-Q3MitigatedAnnual report
「In addition, shipments for the construction and electrical distribution markets remained broadly flat compared with the year-earlier period.」
The trend changed from declining in the previous quarter to broadly flat, indicating that the deterioration in construction and capital investment-related demand has eased. - FY2023-Q2RestatedAnnual report
「Shipments to the construction and electrical distribution channels remained on a declining trend compared with the same period of the previous year.」
Regarding fluctuations in construction and capital investment-related demand, the downward trend in shipments to the construction and electrical distribution markets continues to be reported. - FY2023-Q1WorsenedAnnual report
「Shipments to the construction and electrical distribution channels remained on a declining trend compared with the same period of the previous year.」
Shipments to the construction and electrical distribution markets are trending downward year on year, indicating that the risk of fluctuations in construction and capital investment demand has materialized. - FY2022RestatedAnnual report
「Demand for the Group’s products is affected by domestic economic conditions and business trends. In particular, because its principal products, electric wires and cables, are used for capital investment, trends in construction demand and the level of corporate capital investment could affect the Group’s operating results.」
The risk of fluctuations in demand due to domestic economic conditions, construction demand and corporate capital investment trends is restated. - FY2022-Q3Demand trends changed from an upward trend to broadly flatAnnual report
「In addition, shipments for the construction and electrical distribution markets remained broadly flat compared with the year-earlier period.」
Shipments to the construction and electrical distribution markets have changed from the upward trend reported in the previous quarter to broadly flat. Separately, a recovery in demand for semiconductor manufacturing equipment, automobiles and machine tools is reported. - FY2022-Q1MitigatedAnnual report
「In addition, shipments for the construction and electrical distribution markets followed an upward trend compared with the year-earlier period.」
In contrast to the demand decline and divergence by end market reported through the previous quarter, shipments to the construction and electrical distribution markets are described as trending upward year on year. - FY2021-Q3Demand trends have diverged by end marketAnnual report
「Due to increased demand for semiconductor manufacturing equipment, a recovery in demand for automobiles and machine tools, and higher sales from increased demand in the construction and electrical distribution markets accompanying higher copper prices, net sales were ¥66,568 million, up 20.2% year on year.」
While increased demand for semiconductor manufacturing equipment, a recovery in demand for automobiles and machine tools, and higher sales from construction and electrical distribution demand are reported, shipments to the construction and electrical distribution markets are described as trending downward, indicating differing demand trends by end market. - FY2021-Q2MitigatedAnnual report
「Operating performance for the cumulative second quarter of the current consolidated fiscal year benefited from the recovery in demand for semiconductor manufacturing equipment, automobiles and machine tools, and from higher sales of products for construction and electrical distribution as copper prices rose,」
Regarding domestic capital investment-related demand, the description has changed from the demand decline reported through the previous quarter to a recovery in demand for semiconductor manufacturing equipment, automobiles and machine tools, together with higher sales to the construction and electrical distribution markets. - FY2020RestatedAnnual report
「Demand for the Group’s products is affected by domestic economic conditions and business trends. In particular, because its principal products, electric wires and cables, are used for capital investment, trends in construction demand and the level of corporate capital investment could affect the Group’s operating results.」
The risk of fluctuations in demand due to domestic economic conditions, construction demand and corporate capital investment trends is restated. - FY2020-Q3RestatedAnnual report
「Lower selling prices following the decline in copper prices and reduced demand for electric wires for private-sector capital investment resulted in revenue of ¥55,389 million, down 12.2% year on year, operating profit of ¥2,401 million, down 19.3%, ordinary profit of ¥2,600 million, down 17.6%, and net income attributable to owners of the parent of ¥1,787 million, down 15.2%.」
Regarding fluctuations in domestic capital investment-related demand, decreased demand for electric wires for private-sector capital investment continues to be cited as a factor affecting operating results. - FY2020-Q2RestatedAnnual report
「During the six months ended 30 September, lower selling prices following the decline in copper prices and reduced demand for electric wires for private-sector capital investment resulted in revenue of ¥38,399 million, down 9.4% year on year, operating profit of ¥1,804 million, down 16.1%, ordinary profit of ¥1,911 million, down 15.5%, and net income attributable to owners of the parent of ¥1,320 million, down 13.1%.」
Regarding the risk of fluctuations in domestic capital investment-related demand, decreased demand for electric wires for private-sector capital investment continues to be cited as a factor affecting operating results. - FY2020-Q1RestatedAnnual report
「due to lower selling prices resulting from a decline in copper prices and decreased demand for electric wires for private-sector capital investment」
Regarding the risk of fluctuations in domestic capital investment-related demand, decreased demand for electric wires for private-sector capital investment continues to be cited as an actual factor affecting operating results. - FY2019-Q3MaterialisedAnnual report
「Although some demand for electrical wire used in private-sector capital investment declined due to lower selling prices resulting from falling copper prices and the impact of US-China trade friction, among other factors, construction demand remained solid」
Regarding the risk of fluctuations in domestic capital investment-related demand, it is stated that demand for electric wires for private-sector capital investment actually declined in some areas due to factors including US-China trade friction. - FY2018First statedAnnual report
「Demand for the Group’s products is affected by domestic economic conditions and business trends. In particular, because its principal products, electric wires and cables, are used for capital investment, trends in construction demand and the level of corporate capital investment could affect the Group’s operating results.」
The impact of domestic economic conditions, construction demand and corporate capital investment trends on product demand and operating results is identified as a risk.