Recorded high in fiscal 2017

In fiscal 2017, the the Japan Machine Tool Builders’ Association compiled machine tool orders (preliminary figures) of 1,780.3 billion yen.  It exceeded the record 1,593.9 billion yen in fiscal 2007 for the first time in 10 years.  It was announced on April 10, 2018.

Domestic demand increased 38.1% year-on-year to 687.9 billion yen and external demand increased to 1,092.3 billion yen.  External demand in China continued to be strong, and domestic demand also grew as the automotive and semiconductor manufacturing equipment industries were driving.

Orders received in March were 182.8 billion yen, up 17.8% from the previous month and up 28.1% from the same month a year before.  Recorded highest amount as a single month orders.  The year-on-year increase continues for 16 consecutive months.

External demand increased by 18.9% year on year to 107.3 billion yen, a record high. Domestic demand also increased by 44% to 75.5 billion yen (the amounts were preliminary figures) due to seasonal factors at the end of the fiscal year.

In machine tool, orders have been strong and records continue to be updated. However, eliminating the shortage of supplies of critical components, such as linear motion guide devices, is a major issue.  Manufacturers are unable to increase production (photo). There are concerns that the supply of these products will affect future trends in orders.