Earnings decline due to sluggish demand in the functional materials business
First written in FY2017-Q3. 12 of 34 entries say "Advanced", first in FY2018-Q2. Latest entry: 2026-08-06.
Unitika moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 7 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As a result, the functional materials business segment posted lower revenue but higher earnings, with net sales of ¥33,695 million, down 9.0% from the previous fiscal year, and operating income of ¥1,603 million, up 436.5%.」
Although the functional materials business posted lower revenue, operating income increased from ¥298 million to ¥1,603 million due to a review of unprofitable sales, price revisions, and growth in sales in the electronic materials field. - FY2026-H1AdvancedAnnual report
「As a result, net sales in the functional materials business segment were ¥19,044 million, up 3.7% year on year, and operating income was ¥855 million, up 442.8%.」
Operating income in the functional materials business increased significantly from ¥157 million in the same quarter of the previous year to ¥855 million, due to the recovery in sales led by the electronic materials field, a review of unprofitable sales, and price revisions. - FY2025AdvancedAnnual report
「In the functional materials segment, production volumes increased as sales volumes recovered significantly, led by the electronic materials field, which had declined in the previous fiscal year, resulting in lower manufacturing costs. Following price revisions for each product, earnings recovered and the business turned from an operating loss in the previous year to operating profitability.」
The functional materials business turned from an operating loss of ¥2,478 million to operating income of ¥298 million, due to the recovery in sales volumes, lower production costs, and price revisions. - FY2025-H1AdvancedAnnual report
「In the functional materials business segment, sales recovered across a broad range of applications, led by the electronic materials field. Production volumes increased as sales volumes recovered, reducing manufacturing costs. Profitability recovered as a result of cost reductions and the effects of price revisions for each product, resulting in higher revenue and earnings and a return to profitability.」
The functional materials business turned from an operating loss of ¥1,416 million in the same quarter of the previous year to operating income of ¥157 million, due to the recovery in sales, increased production volumes, lower manufacturing costs, and the effects of price revisions and cost reductions. - FY2024WorsenedAnnual report
「As a result, the functional materials business segment posted lower revenue and earnings, with net sales of ¥34,206 million, down 0.6% from the previous fiscal year, and an operating loss of ¥2,478 million, compared with a loss of ¥535 million in the previous fiscal year.」
The functional materials business posted lower revenue, and its operating loss widened from ¥535 million to ¥2,478 million. Lower sales across a broad range of applications, higher costs resulting from production cuts, and the delayed recovery in electronic materials applications, among other factors, resulted in deteriorating earnings. - FY2024-Q3WorsenedAnnual report
「As a result, net sales in the functional materials business segment were ¥25,003 million, down 4.6% year on year, and the operating loss was ¥2,047 million, compared with a loss of ¥51 million in the same quarter of the previous year.」
The functional materials business posted lower revenue, and its operating loss widened significantly from ¥51 million in the same quarter of the previous year to ¥2,047 million. The disclosure cites lower sales across a broad range of applications and deteriorating profitability due to production adjustments. - FY2024-Q2WorsenedAnnual report
「In the functional materials business segment, sales declined across a broad range of applications. Higher raw material and fuel prices and increased costs resulting from lower production volumes outweighed the effects of price revisions, resulting in lower revenue, lower earnings, and an operating loss. As a result, net sales in the functional materials business segment were ¥16,493 million, down 7.1% year on year, and the operating loss was ¥1,416 million, compared with operating income of ¥134 million in the same quarter of the previous year.」
Sales declined across a broad range of applications, while higher raw material and fuel prices and increased costs resulting from lower production volumes outweighed the effects of price revisions. Operating income turned from a profit of ¥134 million in the same quarter of the previous year to a loss of ¥1,416 million. - FY2024-Q1WorsenedAnnual report
「In the functional materials business segment, construction and civil engineering applications remained firm, but the delayed recovery in sales of electronic materials applications had a significant impact, resulting in lower revenue and earnings. As a result, net sales in the functional materials business segment were ¥7,938 million, down 11.2% year on year, and the operating loss was ¥666 million, compared with operating income of ¥142 million in the same quarter of the previous year.」
Although construction and civil engineering applications remained firm, delayed recovery in sales of electronic materials applications resulted in an 11.2% decline in revenue, and the business turned from operating income to an operating loss of ¥666 million. - FY2023WorsenedAnnual report
「As a result, the functional materials business segment posted higher revenue but lower earnings, with net sales of ¥34,420 million, up 0.1% from the previous fiscal year, and an operating loss of ¥535 million, compared with operating income of ¥24 million in the previous fiscal year.」
Although the functional materials business posted higher revenue, it turned from operating income to an operating loss. Soaring raw material and fuel prices, declining demand for electronic materials, and sluggishness in the lifestyle materials field, among other factors, weighed on earnings. - FY2023-Q3WorsenedAnnual report
「In the functional materials business segment, sales for construction materials applications were firm, but demand for electronic materials applications plunged. The business struggled on the earnings front as the impact of higher raw material, fuel, and transportation costs continued.」
Although construction materials applications remained firm, demand for electronic materials applications plunged, compounded by higher raw material, fuel, and transportation costs. Operating income in the functional materials business turned from ¥67 million in the same quarter of the previous year to an operating loss of ¥51 million. - FY2023-Q2AdvancedAnnual report
「In the functional materials business segment, sales recovered, particularly for construction materials applications, despite the impact of soaring raw material, fuel, and transportation costs.」
The recovery in sales, particularly for construction materials applications, resulted in net sales of ¥17,762 million and operating income of ¥134 million for the functional materials business, with operating income up 560.9% year on year. - FY2023-Q1Return to higher revenue and earningsAnnual report
「In the functional materials business segment, sales recovered as demand for construction and civil engineering applications recovered. Demand in the electronic materials field also remained strong, and sales of high-value-added products increased.」
Supported by the recovery in demand for construction and civil engineering applications and growth in sales of high-value-added products in the electronic materials field, the functional materials business posted net sales of ¥8,937 million and operating income of ¥142 million, up 73.5% year on year, turning to higher revenue and earnings. - FY2022-Q3WorsenedAnnual report
「As a result, net sales in the functional materials business segment were ¥25,499 million, compared with ¥21,798 million in the same quarter of the previous year, and operating income was ¥67 million, down 85.3% year on year.」
Although the functional materials business posted higher revenue, operating income fell 85.3% from ¥456 million in the same quarter of the previous year to ¥67 million. Higher costs resulting from rising raw material and fuel prices and disruptions in ocean logistics, as well as semiconductor shortages for automotive applications, weighed on earnings. - FY2022-Q2WorsenedAnnual report
「As a result, net sales in the functional materials business segment were ¥16,848 million, compared with ¥14,546 million in the same quarter of the previous year, and operating income was ¥20 million, down 93.3% year on year.」
Although the functional materials business posted higher revenue, operating income fell sharply from ¥302 million in the same quarter of the previous year to ¥20 million. Higher raw material and fuel prices, disruptions in ocean logistics, and lower automobile production due to semiconductor shortages, among other factors, weighed on earnings. - FY2022-Q1Shift to revenue growth and operating profit declineAnnual report
「As a result, net sales in the functional materials business segment were ¥8,445 million, compared with ¥7,495 million in the same quarter of the previous year, and operating income was ¥82 million, down 56.6% year on year.」
Although the functional materials business posted higher revenue year on year, operating income declined from ¥189 million to ¥82 million. High-value-added IC cloth and other products remained firm, but weakness in construction-related and environmental-related applications, as well as a pause in demand for nonwoven fabrics, weighed on earnings. - FY2021-Q3Wider revenue decline, while maintaining operating profitabilityAnnual report
「As a result, net sales in the functional materials business segment were ¥21,798 million, down 10.3% year on year, and operating income was ¥456 million, compared with a loss of ¥49 million in the same quarter of the previous year.」
Although net sales in the functional materials business fell 10.3% year on year, operating income turned to a profit of ¥456 million from a loss of ¥49 million in the same quarter of the previous year, maintaining operating profitability. - FY2021-Q2Wider revenue decline, while maintaining operating profitabilityAnnual report
「As a result, net sales in the functional materials business were ¥14,546 million, down 12.8% year on year, and operating income was ¥302 million, compared with a loss of ¥35 million in the same quarter of the previous year.」
Although net sales in the functional materials business fell 12.8% year on year, operating income turned to a profit of ¥302 million from a loss of ¥35 million in the same quarter of the previous year. High-value-added products such as medical gowns, disinfecting sheets, and telework-related products supported some demand. - FY2021-Q1Lower revenue and a return to operating profitabilityAnnual report
「As a result, net sales in the functional materials business were ¥7,495 million, down 9.1% year on year, and operating income was ¥189 million, compared with a loss of ¥43 million in the same quarter of the previous year.」
Although net sales in the functional materials business fell 9.1% year on year, operating income turned to a profit of ¥189 million from a loss of ¥43 million in the same quarter of the previous year. - FY2020RestatedAnnual report
「As a result, net sales in the functional materials business were ¥13,093 million, up 2.8% year on year, and operating income was ¥1,066 million, down 12.5%.」
Although the functional materials business continued to post higher revenue, the trend toward lower operating income also continued during the fiscal year. Expanded sales of high-value-added IC cloth and other products coexisted with pressure on earnings from market conditions and cost factors. - FY2020-Q3Continued higher revenue, lower operating income, and expansion of high-value-added productsAnnual report
「Although the lack of a recovery in semiconductor market conditions had an impact, sales of high-value-added products such as ultra-thin and low-thermal-expansion types of IC cloth in the electronic materials field expanded steadily. As a result, net sales in the functional materials business were ¥9,836 million, up 3.3% year on year, and operating income was ¥769 million, down 13.6%.」
Although sales of high-value-added IC cloth products expanded, the functional materials business posted higher revenue but lower operating income due to the lack of recovery in semiconductor market conditions, among other factors. - FY2020-Q2Higher revenue, lower operating income, and strong sales of high-value-added productsAnnual report
「For overseas markets, sales of high-value-added products such as ultra-thin and low-thermal-expansion types of IC cloth in the electronic materials field were strong, but in Japan, deteriorating semiconductor market conditions weighed on earnings. As a result, net sales in the functional materials business were ¥6,470 million, up 2.9% year on year, and operating income was ¥483 million, down 22.8%.」
Although overseas sales of high-value-added products were strong, deteriorating semiconductor market conditions in Japan weighed on earnings, resulting in higher revenue but lower operating income. - FY2020-Q1WorsenedAnnual report
「Although sales of information and communications equipment applications for IC cloth remained sluggish, sales of high-value-added products such as ultra-thin and low-thermal-expansion types were firm. As a result, net sales in the functional materials business were ¥3,136 million, up 2.7% year on year, and operating income was ¥231 million, down 23.8%.」
Although sales of high-value-added products remained firm, the functional materials business posted higher revenue but lower operating income due to sluggish sales for information and communications equipment applications, among other factors, and the decline in operating income widened. - FY2019-Q3WorsenedAnnual report
「IC cloth in the electronic materials field saw a clear slowdown in information and communications equipment, resulting in sluggish sales of general-purpose cloth, while sales of high-value-added products such as ultra-thin types performed steadily. As a result, net sales in the functional materials business were ¥9,526 million, up 1.7% year on year, and operating income was ¥891 million, down 4.7%.」
The slowdown in demand for information and communications equipment became pronounced for IC cloth, resulting in sluggish sales of general-purpose products. Although high-value-added products performed steadily, the functional materials business posted higher revenue but lower operating income. - FY2019-Q2Continued revenue growth and operating profit declineAnnual report
「As a result, net sales in the functional materials business were ¥6,286 million, up 2.2% year on year, and operating income was ¥625 million, down 1.9%.」
The functional materials business posted higher revenue but lower operating income, as growth in IC cloth demand and sales of high-value-added products was offset in part by the impact of soaring raw material and fuel prices. - FY2019-Q1WorsenedAnnual report
「In the glass fiber business, sales in the industrial materials field remained sluggish for construction and civil engineering applications due to market conditions, while IC cloth in the electronic materials field remained generally firm, supported by demand for information and communications equipment and other applications.」
Although IC cloth was generally firm, the sluggishness of construction and civil engineering applications resulted in a 0.3% year-on-year decline in net sales and a 16.7% decline in operating income in the functional materials business, representing some deterioration from the recovery seen at the fiscal year-end. - FY2018AdvancedAnnual report
「IC cloth in the electronic materials field maintained firm sales, supported mainly by strong demand for information and communications equipment and network-related applications, particularly for high-value-added products such as ultra-thin types. As a result, net sales in the functional materials business were ¥12,536 million, up 3.7% year on year, and operating income was ¥1,227 million, up 8.6%.」
The recovery in IC cloth demand continued throughout the fiscal year, and the functional materials business posted higher revenue and earnings, accompanied by increased sales of high-value-added products such as ultra-thin types. - FY2018-Q2AdvancedAnnual report
「IC cloth in the electronic materials field performed steadily as demand for information and communications equipment applications recovered, and sales of high-value-added products such as ultra-thin types increased.」
As the recovery in IC cloth demand continued and sales of high-value-added products such as ultra-thin types increased, the functional materials business posted higher revenue and earnings, with net sales of ¥6,150 million and operating income of ¥638 million. - FY2018-Q1Demand recovery and earnings improvementAnnual report
「IC cloth in the electronic materials field performed steadily as demand for information and communications equipment applications recovered. As a result, net sales in the functional materials business were ¥3,062 million, up 5.2% year on year, and operating income was ¥365 million, up 33.5%.」
Demand for IC cloth for information and communications equipment applications, which had been sluggish through the previous quarter, recovered, resulting in higher revenue and earnings for the functional materials business. - FY2017-Q3First statedAnnual report
「In the glass fiber business, sales in the industrial materials field remained firm for construction applications, while IC cloth in the electronic materials field remained sluggish as demand for information and communications equipment applications failed to recover.」
In the functional materials business, some improvement was seen in the glass beads and activated carbon fiber businesses, but net sales were ¥8,832 million, down 1.1% year on year, and operating income was ¥818 million, down 24.4%, due in part to the continued lack of recovery in IC cloth demand.