Declining Copper Prices and Lower Ingot Product Sales in the Nonferrous Metals Business
First written in FY2016-Q3. 10 of 36 entries say "Advanced", first in FY2021-Q1. Latest entry: 2026-07-13.
0 other companies' latest entry also says "Other".
- 2026-07-13OtherRevision of earnings forecasts
「Although sales volume declined 12.3% year on year, the average yen-denominated Cash price of copper, the main product handled by the non-ferrous metals business, remained 34.7% higher than in the same period of the previous year. As a result, net sales for the nine-month period ended 31 December increased by ¥11.317 billion, or 18.4%, to ¥72.863 billion.」
Sales volume declined, but higher copper prices drove higher sales in the non-ferrous metals business, resulting in divergent trends in volume and value. - FY2026-H1Revenue increased on higher prices, but sales volume declined and performance diverged by productAnnual report
「Sales of ingots, the main product handled by the Nonferrous Metals business, remained firm, helped by demand captured by the U.S. subsidiary, while sales of recycled raw materials declined. As a result, total sales volume decreased 17.3% year on year. However, higher and revised selling prices lifted revenue for the interim consolidated accounting period to ¥45.176 billion, up 5.7% year on year, an increase of ¥2.446 billion from the previous year.」
Total sales volume decreased 17.3%, but higher and revised selling prices lifted revenue in the Nonferrous Metals business 5.7%. Trends diverged by product, with ingots remaining firm while recycled raw materials declined. - FY2025Ingot revenue increased, but recycled raw material revenue declinedAnnual report
「By product, revenue from ingots was ¥35.548 billion, up 27.6%; revenue from recycled raw materials was ¥46.125 billion, down 13.9%; and revenue from other products was ¥230 million, up 105.5%.」
In the Nonferrous Metals business, ingot revenue increased while recycled raw material revenue declined, resulting in divergent trends by product. - FY2025-H1AdvancedAnnual report
「Because sales of ingots and recycled raw materials, the main products handled by the Nonferrous Metals business, increased, revenue for the interim consolidated accounting period was ¥42.730 billion, up 21.5% year on year, an increase of ¥7.571 billion from the previous year.」
Higher sales of ingots and recycled raw materials increased revenue in the Nonferrous Metals business 21.5% year on year. - FY2024Full-year revenue fell despite higher prices as volume declinedAnnual report
「Although the average yen-denominated cash copper price during the period on the London Metal Exchange, which affects the main products handled by the Nonferrous Metals business, remained 14.2% above the previous fiscal year, sales volume of ingots and recycled raw materials decreased 12.3%. As a result, revenue for the fiscal year was ¥81.533 billion, down 3.1% from the previous fiscal year.」
Although yen-denominated copper prices rose, sales volume of ingots and recycled raw materials declined, resulting in a full-year revenue decline in the Nonferrous Metals business. - FY2024-Q3Revenue continued to decline as lower sales volume outweighed higher copper pricesAnnual report
「Although the average yen-denominated cash copper price during the period remained 12.1% above the same quarter of the previous year, sales volume decreased 13.4%. As a result, revenue for the cumulative nine months of the fiscal year was ¥57.368 billion, down 6.3% year on year, a decrease of ¥3.862 billion from the same quarter of the previous year.」
Yen-denominated copper prices rose 12.1% year on year, but sales volume fell 13.4%, resulting in a 6.3% revenue decline in the Nonferrous Metals business. - FY2024-Q2WorsenedAnnual report
「Because sales of ingots and recycled raw materials, the main products handled by the Nonferrous Metals business, declined, revenue for the cumulative first half of the fiscal year was ¥35.158 billion, down 14.8% year on year, a decrease of ¥6.138 billion from the same quarter of the previous year.」
Lower sales of ingots and recycled raw materials reduced revenue in the Nonferrous Metals business 14.8% year on year. - FY2024-Q1WorsenedAnnual report
「Because sales of ingots and recycled raw materials, the main products handled by the Nonferrous Metals business, declined, revenue for the cumulative first quarter of the fiscal year was ¥17.629 billion, down 16.3% year on year, a decrease of ¥3.430 billion from the same quarter of the previous year.」
Lower sales of ingots and recycled raw materials reduced revenue in the Nonferrous Metals business 16.3% year on year. - FY2023WorsenedAnnual report
「Although the average yen-denominated cash copper price during the period on the London Metal Exchange, which affects the main products handled by the Nonferrous Metals business, remained 1.9% above the previous fiscal year, sales volume of ingots and recycled materials decreased 6.6%. As a result, revenue for the fiscal year was ¥84.198 billion, down 5.1% from the previous fiscal year.」
Yen-denominated copper prices rose 1.9%, but sales volume of ingots and recycled materials fell 6.6%, resulting in a 5.1% full-year revenue decline in the Nonferrous Metals business. - FY2023-Q3Slightly higher copper prices, but revenue fell on lower sales volumeAnnual report
「Although the average yen-denominated cash copper price during the period remained 0.7% above the same quarter of the previous year, sales volume decreased 6.3%. As a result, revenue for the cumulative nine months of the fiscal year was ¥61.231 billion, down 6.0% year on year, a decrease of ¥3.928 billion from the same quarter of the previous year.」
Copper prices rose 0.7% year on year, but sales volume fell 6.3%, resulting in a 6.0% revenue decline in the Nonferrous Metals business. The business shifted from revenue growth driven by higher prices in the previous quarter to a revenue decline driven by lower volume. - FY2023-Q2Revenue increased, but sales volume declined and margins narrowedAnnual report
「Although sales volume in the Nonferrous Metals business decreased 0.7% year on year, the average yen-denominated cash copper price during the period remained 4.2% above the same quarter of the previous year. As a result, revenue for the cumulative first half of the fiscal year was ¥41.296 billion, up 3.0% year on year, an increase of ¥1.191 billion from the same quarter of the previous year.」
Sales volume in the Nonferrous Metals business decreased 0.7% year on year, but revenue increased 3.0% as copper prices rose 4.2%. Lower volume and price-driven revenue growth coexisted. - FY2023-Q1AdvancedAnnual report
「Because copper prices, the main product handled by the Nonferrous Metals business, remained 3.9% above the same quarter of the previous year and ingot sales volume also increased, revenue for the cumulative first quarter of the fiscal year was ¥21.060 billion, up 4.7% year on year, an increase of ¥952 million from the same quarter of the previous year.」
Higher copper prices and increased ingot sales volume lifted revenue in the Nonferrous Metals business 4.7% year on year. - FY2022AdvancedAnnual report
「Ingot sales volume remained firm and increased 18.2% year on year, while scrap remained flat, resulting in an overall increase of 7.5%.」
Ingot sales volume increased 18.2% year on year, and total sales volume increased 7.5% despite flat scrap volume. Revenue in the Nonferrous Metals business also increased 43.8% year on year. - FY2022-Q3AdvancedAnnual report
「Because the average yen-denominated cash copper price during the period remained 32.6% above the same quarter of the previous year and sales volume also increased 6.2%, revenue for the cumulative nine months of the fiscal year was ¥65.160 billion, up 52.3% year on year, an increase of ¥22.388 billion from the same quarter of the previous year.」
Copper prices rose 32.6% year on year and sales volume increased 6.2%, lifting revenue in the Nonferrous Metals business 52.3%. - FY2022-Q2AdvancedAnnual report
「Because the average yen-denominated cash copper price during the period remained 41.1% above the same quarter of the previous year and sales volume also increased 0.2%, revenue for the cumulative first half of the fiscal year was ¥40.105 billion, up 49.5% year on year, an increase of ¥13.284 billion from the same quarter of the previous year.」
Copper prices rose 41.1% year on year and sales volume increased 0.2%, lifting revenue in the Nonferrous Metals business 49.5%. - FY2022-Q1AdvancedAnnual report
「Because copper prices, the main product handled by the Nonferrous Metals business, remained at high levels and ingot sales volume also increased, revenue for the cumulative first quarter of the fiscal year was ¥20.107 billion, up 55.0% year on year, an increase of ¥7.131 billion from the same quarter of the previous year.」
Copper prices remained high and ingot sales volume increased, lifting revenue in the Nonferrous Metals business 55.0% year on year. - FY2021AdvancedAnnual report
「Because the annual average yen-denominated cash copper price on the London Metal Exchange, which affects the main products handled by the Nonferrous Metals business, remained 45.6% above the previous fiscal year, and sales volume of ingots and scrap also increased 3.4%, revenue for the fiscal year was ¥61.723 billion, up 45.4% year on year.」
Higher copper prices and increased sales volume of ingots and scrap lifted revenue in the Nonferrous Metals business 45.4% year on year. - FY2021-Q3AdvancedAnnual report
「Because the average yen-denominated cash copper price during the period remained 41.6% above the same quarter of the previous year and sales volume also increased 5.7%, revenue for the cumulative nine months of the fiscal year was ¥42.771 billion, up 40.7% year on year, an increase of ¥12.367 billion from the same quarter of the previous year.」
Copper prices rose 41.6% year on year and sales volume increased 5.7%, lifting revenue in the Nonferrous Metals business 40.7%. - FY2021-Q2AdvancedAnnual report
「Because the average yen-denominated cash copper price during the period remained 22.3% above the same quarter of the previous year and sales volume also increased 11.8%, revenue for the cumulative first half of the fiscal year was ¥26.820 billion, up 31.2% year on year, an increase of ¥6.377 billion from the same quarter of the previous year.」
Copper prices rose 22.3% year on year and sales volume increased 11.8%, lifting revenue in the Nonferrous Metals business 31.2%. - FY2021-Q1AdvancedAnnual report
「Because copper prices, the main product handled by the Nonferrous Metals business, remained on an upward trend and sales volume also increased, revenue for the cumulative first quarter of the fiscal year was ¥12.976 billion, up 28.5% year on year, an increase of ¥2.877 billion from the same quarter of the previous year.」
Higher copper prices and increased sales volume lifted revenue in the Nonferrous Metals business 28.5% year on year. This marked an improvement from the revenue decline caused by lower copper prices and sales volume in the previous fiscal year. - FY2020Full-year revenue fell on lower copper prices and sales volumeAnnual report
「Because the average yen-denominated cash copper price during the period remained 7.5% below the previous fiscal year and sales volume of ingots and scrap also remained 6.8% below the previous fiscal year, revenue for the fiscal year was ¥42.444 billion, down 15.6% year on year.」
Copper prices and sales volume of ingots and scrap both declined, resulting in a 15.6% full-year decrease in revenue in the Nonferrous Metals business. - FY2020-Q3Revenue fell on lower copper prices and sales volumeAnnual report
「The average yen-denominated cash copper price during the period decreased 11.5% year on year, while sales volume also decreased 9.9%. As a result, revenue for the cumulative nine months of the fiscal year was ¥30.404 billion, down 21.0% year on year.」
In the Nonferrous Metals business, copper prices fell 11.5% and sales volume fell 9.9%, resulting in a 21.0% year-on-year decrease in revenue. - FY2020-Q2Revenue fell on lower copper prices and sales volumeAnnual report
「The average yen-denominated cash copper price during the period decreased 6.7% year on year, while sales volume also decreased 12.7%. As a result, revenue for the cumulative first half of the fiscal year was ¥20.442 billion, down 20.2% year on year.」
In the Nonferrous Metals business, copper prices fell 6.7% year on year and sales volume fell 12.7%, resulting in a 20.2% decrease in revenue. - FY2020-Q1Revenue fell on weak copper prices and lower sales volumeAnnual report
「Because copper prices, the main product handled by the Nonferrous Metals business, remained low after ending the previous fiscal year near their lowest levels, and sales volume also declined, revenue for the cumulative first quarter of the fiscal year was ¥10.098 billion, down 23.5% year on year, a decrease of ¥3.097 billion from the same quarter of the previous year.」
Copper prices remained low and sales volume declined in the Nonferrous Metals business, resulting in a 23.5% year-on-year decrease in revenue. - FY2019-Q3Revenue fell despite higher sales volume as copper prices remained lowAnnual report
「Although sales volume of copper ingots and scrap, the main products handled by the Nonferrous Metals business, increased, copper prices declined and remained at low levels. As a result, revenue for the cumulative nine months of the fiscal year was ¥38.497 billion, down 7.6% year on year.」
Sales volume of copper ingots and scrap increased, but revenue in the Nonferrous Metals business fell 7.6% year on year as copper prices declined and remained at low levels. - FY2019-Q2Revenue fell on increased scrap volume but weak copper pricesAnnual report
「Against this external backdrop, ingot sales volume decreased 5.2% year on year, while scrap sales volume increased 5.9%, resulting in an overall increase of 2.8%. However, the decline in market circulation caused by weak copper prices tightened the supply-demand balance for domestic scrap, leading to higher procurement prices. The impact of inventory valuation losses also resulted in difficult conditions on the earnings front.」
Scrap sales volume increased 5.9% and total volume increased 2.8%, while ingot volume decreased 5.2%. Profitability was under pressure from higher procurement prices caused by weak copper prices and inventory valuation losses. - FY2019-Q1Slight increase in sales volume, but revenue fell on weak copper pricesAnnual report
「Because copper prices, the main product handled by the Nonferrous Metals business, remained low amid an uncertain external environment, sales volume increased, mainly for scrap. However, revenue for the cumulative first quarter of the fiscal year was ¥13.195 billion, down 7.2% year on year, a decrease of ¥1.017 billion from the same quarter of the previous year.」
Sales volume increased, mainly for scrap, but revenue in the Nonferrous Metals business fell 7.2% year on year as copper prices remained low. - FY2018Sales volume declined and margins deterioratedAnnual report
「Although total sales volume exceeded the company’s plan, it declined 7.2% year on year. By product, sales volume of raw materials for ships declined 15.0% year on year, while total ingot volume declined 2.0%. Scrap purchased from smelting companies declined 20.1% year on year, while total scrap volume declined 8.9%.」
Although sales volume exceeded the plan, it declined year on year, with specific declines in the volumes of raw materials for ships, ingots and scrap. Margins also deteriorated due to the sharp drop in copper prices. - FY2018-Q3Sales volumes of both ingots and scrap declinedAnnual report
「In terms of sales volume, ingots declined due to lower demand for raw materials for ships, while scrap declined due to furnace repairs at smelting companies. However, copper prices, which affect the prices of the Group’s principal products, rose early in the period due to China’s environmental regulations and measures to reduce excess production capacity, then remained at elevated levels,」
While revenue increased as copper prices remained at elevated levels, sales volumes of both ingots and scrap declined due to lower demand for raw materials for ships and furnace repairs at smelting companies, respectively. - FY2018-Q2Copper prices remained firm, but scrap sales volume declinedAnnual report
「As copper prices, the principal product of the nonferrous metals business, remained firm, revenue for the cumulative second-quarter period was ¥2,781.1 million, up 10.6% year on year, despite a decline in scrap sales volume due to furnace repairs at smelting companies.」
Revenue increased against a backdrop of firm copper prices, but scrap sales volume declined due to furnace repairs at smelting companies. - FY2018-Q1Revenue increased on higher copper prices, but sales volume declinedAnnual report
「Although copper prices, the principal product of the nonferrous metals business, were soft in September, they rose from October onward amid increased confidence in the global economy. Despite a slight decline in sales volume, mainly for scrap, revenue for the cumulative first-quarter period was ¥1,421.3 million, up 30.9% year on year.」
Against a backdrop of higher copper prices, revenue in the nonferrous metals business increased 30.9% year on year, while sales volume declined slightly, mainly for scrap. - FY2017-Q3RestatedAnnual report
「Sales volumes and margins for copper ingots and scrap, the principal products of the nonferrous metals business, both remained strong amid the sharp rise in copper prices and improved supply and demand conditions, resulting in revenue of ¥3,890.1 million for the cumulative third-quarter period, up 20.8% year on year.」
The company reconfirms that sales volumes and margins for copper ingots and scrap are both strong against a backdrop of higher copper prices and improved supply and demand. - FY2017-Q2Sales volume and margins both remained strongAnnual report
「Sales volumes and margins for copper ingots and scrap, the principal products of the nonferrous metals business, both remained strong amid the sharp rise in copper prices and improved supply and demand conditions, resulting in revenue of ¥2,514.5 million for the cumulative second-quarter period, up 18.6% year on year.」
In addition to the sharp rise in copper prices, supply and demand conditions improved, keeping sales volumes and margins for copper ingots and scrap both strong, and revenue increased 18.6% year on year. - FY2017-Q1Copper prices reversed from a decline to a sharp riseAnnual report
「As copper prices, the principal product of the nonferrous metals business, surged from early November, the external environment improved significantly, and revenue for the cumulative first-quarter period was ¥1,085.4 million, up 6.3% year on year.」
Unlike the previous period’s reported decline in copper prices and weak ingot performance, the sharp rise in copper prices improved the external environment for the nonferrous metals business, and revenue increased 6.3% year on year. - FY2016RestatedAnnual report
「Procurement conditions became difficult and costs rose due to lower copper prices and deteriorating supply and demand for domestic scrap. On the sales side, ingots performed poorly, partly because of the downturn in the shipbuilding industry.」
The company explains that, in the nonferrous metals business, lower copper prices, deteriorating domestic scrap procurement conditions and the downturn in the shipbuilding industry affected profitability and sales. - FY2016-Q3First statedAnnual report
「Due to the impact of lower copper prices and declining sales of ingot products, revenue in the nonferrous metals business for the cumulative third-quarter period was ¥3,219.2 million.」
This explains revenue in the core business and the factors driving its changes.