Industrial Machine Tool Renewal

English summary

### Industrial Machine Tool Renewal Time: 2026-07-30 16:53:58 Content: 1. Industry Prosperity: High prosperity continues, pullback provides opportunities. High-frequency data validates high prosperity. Japanese corporate orders have been improving since August-September last year, with month-on-month growth, reaching a high absolute level in Q1 this year. In March-April, both domestic leading companies and Japanese export orders hit record highs. In April, companies reported record new orders or year-on-year doubling; in May, although month-on-month slightly declined, year-on-year growth remained high, and industry prosperity did not change due to stock price pullback. Industry chain validation: lead times for core components (CNC systems, screw rails) extended, foreign manufacturers raised prices, and some shortages, confirming high industry prosperity. Pullback decoupled from fundamentals. The sector pullback mainly stems from changes in market trading levels, not fundamental deterioration. Monthly order data remains positive, so the pullback is seen as a positioning opportunity.…