Decline in demand for chemicals and electricity due to a reactionary drop in demand for major periodic repairs
First written in FY2018-Q1. 4 of 30 entries say "Restated". Latest entry: 2026-08-07.
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- 2026-08-07Cited as achievedResults briefing materials
「Sales of water-quality meters and gas detectors to the chemicals and steel industries increased, supported by demand associated with scheduled maintenance.」
The Company identifies increased sales of products to the chemicals and steel industries, supported by scheduled-maintenance demand, as a factor behind higher quarterly revenue. - FY2026Full-year results cite increased shipbuilding sales and decreased sales of specialty vehiclesAnnual report
「Although sales of specialty vehicles used in the social infrastructure sector declined due to shipment delays for truck chassis and longer lead times for vehicles requiring body installation, sales of valves to the shipbuilding industry continued to increase against a backdrop of high production equipment utilization. In the chemical and steel industries, sales of various types of equipment increased as the company captured replacement demand for production equipment aimed at stabilizing operations and improving productivity, as well as investment demand related to energy conservation.」
The full-year results state that sales of specialty vehicles declined due to longer lead times, while sales of valves for the shipbuilding industry and replacement and energy-saving equipment for the chemical and steel industries increased. - FY2026-H1Added demand for newbuild vessels and environmentally friendly ships in the shipbuilding industry.Annual report
「In the shipbuilding industry, demand for newbuild vessels, reflecting expectations for future growth in maritime transport volumes, remains firm. Demand for environmentally friendly vessels aimed at reducing GHG (greenhouse gas) emissions also continues to increase.」
In addition to the existing sales trends by industry, the company states that demand for newbuild vessels, anticipating future growth in maritime transportation volumes, and environmentally friendly ships aimed at reducing GHG emissions, remained firm or increased in the shipbuilding industry. - FY2025AdvancedAnnual report
「Sales of specialty vehicles related to disaster prevention, disaster mitigation and national resilience, used in the social infrastructure market, remained strong. In the chemical and electric power industries, the company captured replacement demand aimed at maintaining the stable operation of aging equipment and demand for digital investment to improve productivity. Sales to the shipbuilding industry also increased.」
The trends through the interim period were also reflected in the full-year results, with firm or higher sales of disaster prevention and mitigation specialty vehicles, replacement equipment and digital investment products for the chemical and electric power industries, and products for the shipbuilding industry. - FY2025-H1Firm orders for specialty vehicles for disaster prevention and mitigation, and firm sales to the chemical, electric power and shipbuilding sectorsAnnual report
「As a result, orders for specialty vehicles related to disaster prevention, disaster mitigation and national resilience remained firm. Sales also remained firm, driven by replacement demand for aging production equipment in the chemical and electric power industries and investment demand for digital technologies aimed at improving productivity. In addition, sales to the shipbuilding industry increased against a backdrop of high production equipment utilization, bringing revenue for the six-month period ended [date] to ¥20,195 million, up 5.2% year on year.」
Orders for specialty vehicles related to disaster prevention, disaster mitigation and national resilience, and sales driven by demand for aging-equipment replacements and digital investment in the chemical and electric power industries, remained firm. Sales to the shipbuilding industry also increased. - FY2024-Q3Increased sales to multiple industries, with firm performance in steel, electric power and other sectorsAnnual report
「As a result, product lead times improved and accumulated order backlogs were steadily converted into revenue. In addition, as plant utilization increased, sales to the shipbuilding, industrial equipment and heavy electrical equipment, and manufacturing machinery and electrical equipment industries increased. Sales to the steel and electric power and gas industries also remained firm as the Company captured replacement demand for aging equipment and investment demand for environmental measures, resulting in consolidated net sales of ¥30,322 million for the nine months ended 31 December, up 10.9% year on year.」
In addition to improved product lead times and the conversion of order backlogs into revenue, sales to the shipbuilding, industrial equipment and heavy electrical equipment, and manufacturing machinery and electrical equipment sectors increased, while sales to the steel and electric power and gas sectors also remained firm. - FY2024-Q2Increased sales to multiple industries, including industrial equipment and heavy electrical equipmentAnnual report
「In sales, product lead times showed signs of improvement, and accumulated order backlogs were steadily converted into revenue. In addition, investment in the automation and advancement of production facilities using digital technologies to improve productivity, together with firm replacement demand for aging equipment, resulted in increased sales to the industrial equipment and heavy electrical equipment, manufacturing machinery and electrical equipment, shipbuilding, and steel industries,」
In addition to improved product lead times and the conversion of order backlogs into revenue, sales to the industrial equipment and heavy electrical equipment, manufacturing machinery and electrical equipment, shipbuilding and steel sectors increased, supported by investment in automation and advanced equipment and replacement demand for aging facilities. - FY2024-Q1Firm sales to the industrial equipment and heavy electrical equipment sectors, among othersAnnual report
「In sales, in addition to improved product lead times, equipment sales and replacement demand remained firm, particularly for the industrial equipment and heavy electrical equipment, construction and plant, shipbuilding, and electric power industries,」
The report states that, in addition to traditional demand from the chemical, construction, plant and shipbuilding sectors, equipment sales and replacement demand remained firm, including in the industrial equipment, heavy electrical equipment and electric power sectors. - FY2023-Q2Firm sales of equipment for scheduled maintenance and digital adoptionAnnual report
「In addition, replacement demand associated with scheduled maintenance in industrial complexes and sales of equipment related to the introduction of digital technologies remained firm in the chemical, construction and plant industries. Sales to the manufacturing machinery, electrical equipment and shipbuilding industries also increased against a backdrop of high production equipment utilization in some industries,」
In the chemical, construction and plant industries, replacement demand associated with scheduled maintenance and sales of equipment for the adoption of digital technologies remained firm, while sales to the manufacturing machinery, electrical equipment and shipbuilding industries also increased. - FY2023-Q1Increased sales to the chemical, steel, machinery, electrical equipment and shipbuilding sectorsAnnual report
「Sales increased to the chemical, steel, manufacturing machinery and electrical equipment, and shipbuilding industries, where capital investment and replacement demand remained solid against a backdrop of high production equipment utilization,」
In contrast to the shifts in relative performance by industry through the previous period, the report cites increased sales to the chemical, steel, manufacturing machinery, electrical equipment and shipbuilding industries in the current quarter. - FY2022Explicit reference to the reactionary decline in specialty vehicle sales for social infrastructureAnnual report
「Sales of specialty vehicles for the social infrastructure market, where a supplementary budget had been implemented in the previous fiscal year, declined substantially.」
While the report describes a reactionary decline in sales of specialty vehicles for social infrastructure following the supplementary budget in the previous fiscal year, sales to the construction machinery, machinery, electrical and precision equipment, marine-related and electric power sectors remained firm. - FY2022-Q2Changes in relative sales performance by customer sectorAnnual report
「As a result, sales to the construction machinery and electrical and precision equipment industries remained firm as plant utilization increased. However, many companies remained cautious about large-scale capital investment, and face-to-face sales activities continued to be restricted, particularly in metropolitan areas, to prevent the spread of COVID-19, resulting in lower sales to the steel and plant engineering industries, among others,」
While sales to the construction machinery and electrical and precision equipment sectors remained firm, sales to the steel and plant engineering sectors declined. - FY2022-Q1Changes in relative sales performance by customer sectorAnnual report
「Although sales to the plant engineering, petrochemical and steel industries declined, sales to the construction machinery and electrical and precision equipment industries increased, resulting in consolidated net sales of ¥7,614 million for the three months ended 30 June, up 1.1% year on year.」
While sales to the plant engineering, petrochemical and steel sectors declined, sales to the construction machinery and electrical and precision equipment sectors increased, resulting in total sales up 1.1% year on year. - FY2021Increased sales to the social infrastructure and petrochemical sectors alongside declines in other industriesAnnual report
「Meanwhile, sales increased substantially after the Company captured investment demand based on disaster preparedness and replacement needs in the social infrastructure market, including among government agencies. In addition, replacement demand associated with scheduled maintenance in industrial complexes remained firm for the petrochemical and plant engineering industries, resulting in consolidated net sales of ¥39,159 million for the fiscal year, up 3.9% from the previous fiscal year.」
Sales to the social infrastructure sector increased substantially and replacement demand in the petrochemical and plant engineering sectors remained firm, while sales to the steel, construction machinery, automotive-related and marine-related sectors declined. - FY2021-Q3Changes in relative sales performance by customer sectorAnnual report
「As a result, the Company captured investment demand based on disaster preparedness and replacement needs in the social infrastructure market, and sales to the petrochemical and plant engineering industries remained firm. However, in response to companies' cautious stance toward capital investment amid deteriorating corporate earnings due to the economic downturn, sales declined, particularly to the steel, automotive-related, construction machinery and marine-related industries,」
While the social infrastructure, petrochemical and plant engineering sectors remained firm, sales to the steel, automotive-related, construction machinery and marine-related sectors declined. - FY2021-Q2Changes in relative sales performance by customer sectorAnnual report
「As a result, replacement demand associated with scheduled maintenance in industrial complexes remained firm for the petrochemical and plant engineering industries. However, in addition to restrictions on face-to-face sales activities to prevent the spread of COVID-19, companies adopted a cautious stance toward capital investment amid deteriorating corporate earnings due to the economic downturn, resulting in lower sales, particularly to the steel, automotive-related and construction machinery industries,」
While scheduled maintenance and replacement demand remained firm in the petrochemical and plant engineering sectors, sales to the steel, automotive-related and construction machinery sectors declined. - FY2021-Q1Changes in relative sales performance by customer sectorAnnual report
「In sales, equipment sales and replacement demand associated with scheduled maintenance in industrial complexes remained firm for the petrochemical and plant engineering industries, while sales to the steel and marine-related industries and others declined,」
While scheduled maintenance and replacement demand remained firm in the petrochemical and plant engineering sectors, sales to the steel and marine-related sectors declined. - FY2020A shift in relative sales performance by customer sector in the full-year resultsAnnual report
「As a result, the Company captured investment demand from government agencies and construction companies based on the strengthening and replacement of social infrastructure facilities, while sales to chemical manufacturers, steel product manufacturers, and plant engineering companies remained firm,」
The report states that sales to government agencies and construction companies related to social infrastructure, as well as sales to the chemical, steel and plant engineering sectors, remained firm during the year. - FY2020-Q3Changes in relative sales performance by customer sectorAnnual report
「As a result, although sales of industrial vehicles used in the social infrastructure market remained firm and sales to chemical manufacturers and steel product manufacturers increased, sales to machinery manufacturers and the electric power industry declined,」
Sales of industrial vehicles for social infrastructure remained firm and sales to chemical and steel product manufacturers increased, while sales to machinery manufacturers and the electric power industry declined. - FY2020-Q2Increase in sales driven by new regulations and scheduled maintenance demandAnnual report
「As a result, although sales to marine equipment manufacturers and electric power companies declined, sales of industrial vehicles used in the social infrastructure market increased in connection with the introduction of new emissions regulations, and replacement demand for equipment undergoing scheduled maintenance remained firm among plant engineering companies, chemical manufacturers and steel product manufacturers. In addition, partly due to the consumption tax increase implemented on 1 October, equipment sales originally expected from the third quarter onward were brought forward, resulting in consolidated net sales of ¥16,924 million for the six months ended 30 September, up 4.1% year on year.」
The report states that while sales to marine equipment manufacturers and electric power companies declined, industrial vehicles related to new emissions regulations, replacement demand associated with scheduled maintenance, and sales brought forward ahead of the consumption tax increase boosted revenue. - FY2020-Q1A shift in relative sales performance by customer sectorAnnual report
「As a result, although sales to chemical manufacturers and electric power companies declined, orders for industrial vehicles and various equipment used in the social infrastructure market remained firm among government agencies and construction companies, while replacement demand for aging equipment, which also contributes to production equipment safety measures, performed well among steel product manufacturers and marine equipment manufacturers, among other factors.」
While sales to chemical manufacturers and electric power companies declined, orders related to social infrastructure from government agencies and construction companies, and replacement demand for aging equipment from steel product and marine equipment manufacturers, performed well. - FY2019-Q3RestatedAnnual report
「As a result, the Company captured public investment in social infrastructure facilities and capital investment projects driven by high corporate earnings, and sales continued to perform well, particularly to government agencies, chemical manufacturers, machinery manufacturers, marine equipment manufacturers and electric power companies,」
As in the previous quarter, the report states that sales performed well, particularly to the chemical, machinery, marine equipment and electric power sectors. - FY2019-Q2RestatedAnnual report
「As a result, although sales to plant engineering companies declined, sales performed well, particularly to the social infrastructure sector, where capital investment and replacement demand remained firm against a backdrop of high production equipment utilization continuing from the previous fiscal year, as well as to chemical manufacturers, machinery manufacturers, marine equipment manufacturers and electric power companies,」
The report states that sales to the social infrastructure, chemical, machinery, marine equipment and electric power sectors performed well, while sales to plant engineering companies declined. - FY2019-Q1Demand recoveryAnnual report
「As a result, against a backdrop of high production equipment utilization that has continued since the previous fiscal year, replacement demand at individual companies remained firm, and sales performed well, particularly to chemical manufacturers, steel product manufacturers, marine equipment manufacturers and electric power companies,」
Compared with the references to lower sales to the chemical and power sectors due to the reaction to substantial scheduled maintenance demand in the previous fiscal year and the subsiding of large projects, the report now states that sales, including to chemical manufacturers and electric power companies, performed well in the current quarter. - FY2018RestatedAnnual report
「As a result, although sales to electric power companies declined, sales to government agencies, steel product manufacturers, electrical and precision equipment manufacturers, marine equipment manufacturers and others grew,」
The report cites continued growth in sales to multiple government agencies and manufacturers, while sales to electric power companies declined. - FY2018-Q3RestatedAnnual report
「In sales, although sales to chemical manufacturers and electric power and gas suppliers declined, sales to government agencies, steel product manufacturers, and plant engineering companies grew, among other factors,」
The report cites continued growth in sales to government agencies, steel product manufacturers and plant engineering companies, while sales to chemical manufacturers and electric power and gas suppliers declined. - FY2018-Q2Decline in sales as inquiries for large projects subsidedAnnual report
「In sales, revenue from chemical manufacturers and electric power and gas suppliers declined as inquiries for large projects subsided, although」
The report describes second-quarter sales results in which inquiries for large projects from chemical manufacturers and electric power and gas suppliers subsided, resulting in lower sales. - FY2018-Q1First statedAnnual report
「Demand from chemical manufacturers and electric power companies declined following the substantial scheduled maintenance demand in the previous fiscal year.」
The report describes a decline in demand from chemical manufacturers and electric power companies in the first quarter due to the reaction to substantial scheduled maintenance demand in the previous fiscal year.