Fluctuations in coal and coke market conditions and steel demand
First written in FY2016. 11 of 39 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026.
Nippon Coke & Engineering moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The business environment surrounding the Group remains subject to concerns over risks including the tense situation in the Middle East, the outlook for U.S. trade policy, foreign exchange rates, coking coal price trends, and weakening consumption due to inflation.」
External environmental risks including the situation in the Middle East, U.S. trade policy, foreign exchange rates, coking coal prices, and inflation continue to be disclosed. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no new business or other risks, and no material changes in the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure explicitly states that there have been no material changes in business and other risks. Meanwhile, the business environment section identifies U.S. trade policy, fluctuations in raw material prices, downside risks to overseas economies, and inflation. - FY2025WorsenedAnnual report
「The Group's business performance deteriorated significantly, partly due to the continued decline in coking coal- and coke-related market prices since the beginning of the fiscal year.」
The continued decline in coking coal- and coke-related market prices became an actual factor behind the deterioration in results, with consolidated ordinary results recording a loss of ¥10.269 billion. - FY2025-H1RestatedAnnual report
「Operations continued amid risks including fluctuations in raw material prices and downside risks to overseas economies, such as concerns about the outlook for the Chinese economy and the continuing impact of high interest rates in Europe and the United States.」
The disclosure identifies the Chinese economy, high interest rates in Europe and the United States, fluctuations in raw material prices, and downside risks to overseas economies. It states that there have been no material changes in business and other risks. - FY2024WorsenedAnnual report
「The business environment surrounding the Group remains uncertain due to the slowdown in the Chinese economy, developments in Ukraine and the Middle East, economic conditions affected by global monetary tightening, and changes in the supply-demand balance for coking coal and coke.」
In addition to existing market and supply-demand fluctuations, developments in the Middle East and global monetary tightening were explicitly identified as sources of uncertainty. - FY2024-Q3Avoiding losses and recovering earnings despite lower market pricesAnnual report
「On the profit side, consolidated operating profit was ¥2.469 billion, compared with an operating loss of ¥3.256 billion in the same period of the previous year, while consolidated ordinary profit was ¥2.038 billion, compared with an ordinary loss of ¥4.267 billion. This reflected factors including the review of the customer portfolio and the absence of inventory write-downs at the end of the period.」
Although net sales declined due to lower coking coal prices, a review of the customer portfolio and the absence of inventory valuation write-downs restored operating and ordinary results from losses in the same period of the previous year to profits. - FY2024-Q2Earnings recovery as market prices fell and valuation write-downs declinedAnnual report
「Against this backdrop, the Group's results were affected in its core coke business by lower coking coal prices and reduced production due to the renewal of the 2A coke oven, among other factors. Consolidated net sales for the cumulative second quarter ended were ¥76.688 billion, down ¥17.507 billion year on year. On the earnings front, reductions in year-end inventory valuation write-downs and other factors resulted in consolidated operating income of ¥2.895 billion, compared with an operating loss of ¥2.198 billion in the same period of the previous year, while consolidated ordinary income was ¥2.502 billion, compared with an ordinary loss of ¥3.727 billion.」
The decline in coking coal prices materialized as a factor behind lower revenue, while reduced year-end inventory valuation write-downs restored operating and ordinary results from losses in the same period of the previous year to profits. - FY2024-Q1Earnings recovery as market prices fell and volatility subsidedAnnual report
「On the earnings front, the stabilization of sharp fluctuations in coking coal prices helped secure margins. Consequently, consolidated operating results were operating income of ¥788 million, compared with an operating loss of ¥672 million in the same period of the previous year, while consolidated ordinary results were ordinary income of ¥523 million, compared with an ordinary loss of ¥1.725 billion.」
Although coking coal prices declined, securing margins as sharp fluctuations subsided supported the recovery in earnings, with both operating and ordinary results turning from losses in the same period of the previous year to profits. - FY2023MaterialisedAnnual report
「On the earnings front, the impact of high-cost inventory resulting from the sharp rise in coking coal prices and the subsequent sharp market decline resulted in consolidated operating results of an operating loss of ¥397 million, compared with operating income of ¥12.253 billion in the same period of the previous year, and consolidated ordinary results of an ordinary loss of ¥752 million, compared with ordinary income of ¥11.454 billion.」
The impact of high-cost inventory resulting from the sharp rise and fall in coking coal prices materialized in full-year results as an operating loss of ¥397 million and an ordinary loss of ¥752 million. - FY2023-Q3MaterialisedAnnual report
「On the earnings front, the impact of high-cost inventory resulting from the sharp market decline after the surge in coking coal prices, together with year-end inventory valuation write-downs, resulted in consolidated operating results of an operating loss of ¥3.256 billion, compared with operating income of ¥10.386 billion in the same period of the previous year, and consolidated ordinary results of an ordinary loss of ¥4.267 billion, compared with ordinary income of ¥9.866 billion.」
The impact of high-cost inventory and inventory valuation write-downs resulting from the sharp rise and fall in coking coal prices materialized in actual results as an operating loss of ¥3.256 billion and an ordinary loss of ¥4.267 billion. - FY2023-Q2MaterialisedAnnual report
「On the earnings front, the sharp rise in coking coal prices and other factors reduced margins, followed by a year-end inventory valuation write-down resulting from the subsequent sharp market decline. Consequently, consolidated operating results were an operating loss of ¥2.198 billion, compared with operating income of ¥6.113 billion in the same period of the previous year, while consolidated ordinary results were an ordinary loss of ¥3.727 billion, compared with ordinary income of ¥5.886 billion.」
The sharp rise and fall in coking coal prices materialized as operating and ordinary losses through reduced margins and inventory valuation write-downs, and the impact of market volatility risk continued. - FY2023-Q1MaterialisedAnnual report
「On the earnings front, the sharp rise in coking coal prices reduced margins, followed by a year-end inventory valuation write-down resulting from the subsequent sharp market decline. Consequently, consolidated operating results were an operating loss of ¥672 million, compared with operating income of ¥2.761 billion in the same period of the previous year, while consolidated ordinary results were an ordinary loss of ¥1.725 billion, compared with ordinary income of ¥2.652 billion.」
The sharp rise and fall in coking coal prices materialized as operating and ordinary losses through reduced margins and inventory valuation write-downs, demonstrating the impact of market volatility risk on business performance. - FY2022WorsenedAnnual report
「Although the impact of COVID-19 on the Group is limited at this stage, rising raw material prices due to the situation in Ukraine and other factors may affect future business performance, leaving the outlook uncertain.」
In addition to the existing market volatility risk, rising raw material prices and supply-demand fluctuations due to the situation in Ukraine have been explicitly identified, with uncertainty about the outlook highlighted. - FY2022-Q3Continued rise in market conditions and improvement in performanceAnnual report
「Under these conditions, the group's results in its core coke business were affected by factors including higher coking coal and coke product market conditions compared with the same period of the previous year. Consolidated net sales for the first nine months of the current fiscal year amounted to ¥84,504 million, up ¥21,310 million year on year.」
As the coking coal and coke product markets continued to strengthen, consolidated net sales increased by ¥21.31 billion year on year to ¥84.504 billion. No material changes were identified in the risk section regarding market volatility risk. - FY2022-Q2Continued rise in market conditions and improvement in performanceAnnual report
「In its core coke business, factors including higher coking coal and coke product market conditions compared with the same period of the previous year resulted in consolidated net sales of ¥48,518 million for the first six months of the current fiscal year, up ¥7,355 million year on year.」
Higher coking coal and coke product market conditions continued, resulting in consolidated net sales of ¥48,518 million and consolidated ordinary profit of ¥5,886 million. No material changes were reported in market fluctuation risks. - FY2022-Q1Rising market conditions and improved performanceAnnual report
「In its core coke business, factors including higher coke product market conditions compared with the same period of the previous year...」
Although no material changes were reported in business and other risks, higher coke product market conditions were identified as a factor behind improved performance for the quarter. - FY2021MaterialisedAnnual report
「In its core coke business, consolidated net sales for the fiscal year amounted to ¥87,883 million, down ¥19,524 million from the previous fiscal year, owing to factors including lower coke selling prices.」
Lower coke selling prices were an actual factor behind the decline in revenue, and market and price volatility risks affected results. Meanwhile, profit improved through wider margins and cost reductions. - FY2021-Q3MaterialisedAnnual report
「Under these conditions, the group's results in its core coke business were affected by factors including lower coke selling prices compared with the same period of the previous year. Consolidated net sales for the first nine months of the current fiscal year amounted to ¥63,194 million, down ¥19,057 million year on year.」
Lower coke selling prices emerged as an actual factor behind the decline in revenue, and market and price volatility risks affected results for the first nine months of the current fiscal year. - FY2021-Q2MaterialisedAnnual report
「Under these conditions, the group's results in its core coke business were affected by factors including lower coke selling prices compared with the same period of the previous year. Consolidated net sales for the first six months of the current fiscal year amounted to ¥41,162 million, down ¥14,968 million year on year.」
Lower coke selling prices emerged as an actual factor behind the decline in revenue, and market and price volatility risks affected results. Meanwhile, the company stated that coke product market conditions remained firm. - FY2021-Q1WorsenedAnnual report
「On the profit front, the impact of using high-cost inventories and narrower margins resulting from declines in coke product market conditions and coking coal prices led to a consolidated operating loss of ¥402 million, compared with operating profit of ¥926 million in the same period of the previous year, and a consolidated ordinary loss of ¥583 million, compared with ordinary profit of ¥887 million in the same period of the previous year.」
Declines in coke product market conditions and coking coal prices were reflected in the use of high-cost inventories and narrower margins, causing both operating profit and ordinary profit to turn into losses from profits in the same period of the previous year. - FY2020WorsenedAnnual report
「The consolidated ordinary profit was ¥989 million, down ¥4,903 million from the previous fiscal year, owing to the impact of using high-cost inventories and narrower margins resulting from declines in coke product market conditions and coking coal prices.」
In addition to declines in coke product market conditions and coking coal prices, the company cited the economic slowdown caused by the global spread of COVID-19, and ordinary profit declined substantially. - FY2020-Q3RestatedAnnual report
「The operating environment surrounding the group has become increasingly challenging for coke market conditions as domestic and overseas steel supply and demand have deteriorated, leaving the outlook uncertain.」
The company continues to disclose the challenging coke market conditions caused by deteriorating domestic and overseas steel supply and demand, as well as the uncertain outlook. - FY2020-Q2WorsenedAnnual report
「The operating environment surrounding the group has become increasingly challenging for coke market conditions as domestic and overseas steel supply and demand have deteriorated, leaving the outlook uncertain.」
In addition to disclosures through the previous fiscal year concerning market fluctuations and an uncertain outlook, the company explains that coke market conditions have become increasingly challenging as domestic and overseas steel supply and demand have deteriorated. - FY2020-Q1RestatedAnnual report
「The operating environment surrounding the group remains uncertain with respect to coke and coking coal market conditions.」
The company continues to disclose the uncertain outlook for coke and coking coal market conditions as a risk. - FY2019WorsenedAnnual report
「The group purchases, manufactures, and sells coal and coke, energy-related materials, but global changes in supply and demand could result in significant fluctuations in the prices and volumes of purchases and sales. In addition, for coke, trends in coke demand in Japan's steel industry, the group's main sales market, could affect selling prices, sales volumes, and other factors. Domestic sales are also expected to decline and exports to increase going forward, which could affect the earnings structure and other factors.」
In addition to the conventional risks from market conditions and fluctuations in steel demand, the company explicitly identifies the potential impact of declining domestic sales and rising exports on the earnings structure, broadening the scope of the risks. - FY2019-Q3WorsenedAnnual report
「Chinese coke market conditions have remained firm, while the outlook for coking coal market conditions remains uncertain.」
Chinese coke market conditions have remained firm, while the description has changed from the stabilization of coking coal market conditions reported in the previous quarter to an emphasis on uncertainty about the outlook. - FY2019-Q2Market conditions stabilizeAnnual report
「Chinese coke market conditions have remained firm, and coking coal market conditions have also begun to stabilize, but the outlook remains uncertain.」
While explaining that Chinese coke market conditions remain firm and coking coal market conditions have also begun to stabilize, the company states that uncertainty about the outlook persists. - FY2019-Q1RestatedAnnual report
「Chinese coke market conditions have remained firm, but coking coal market conditions remain unstable and the outlook uncertain.」
While indicating firm Chinese coke market conditions, the company continues to disclose instability in coking coal market conditions and an uncertain outlook as risks. - FY2018RestatedAnnual report
「Coking coal market conditions, which had remained depressed for a long time, surged, and Chinese coke market conditions recovered accordingly. However, coking coal market conditions have recently remained unstable, leaving the outlook uncertain.」
While acknowledging the recovery in Chinese coke market conditions, the company continues to disclose instability in coking coal market conditions and an uncertain outlook. - FY2018-Q3WorsenedAnnual report
「Coking coal market conditions, which had remained depressed for a long time, surged, and Chinese coke market conditions recovered accordingly. However, coking coal market conditions have recently remained unstable, leaving the outlook uncertain.」
The description has changed from the firm market conditions reported in the previous quarter to an explanation that coking coal market conditions remain unstable and the outlook uncertain, again highlighting uncertainty surrounding market fluctuations. - FY2018-Q2Strengthening market conditionsAnnual report
「Coking coal market conditions, which had remained depressed for a long time, surged, and Chinese coke market conditions recovered accordingly. Coking coal and Chinese coke market conditions have remained firm recently.」
Although no material changes were reported in business and other risks, the operating environment section states that coking coal and Chinese coke market conditions have recovered and remained firm recently. - FY2018-Q1RestatedAnnual report
「Coking coal market conditions, which had remained depressed for a long time, surged, and Chinese coke market conditions recovered accordingly. However, market conditions have remained unstable, and the outlook remains uncertain.」
The company continues to disclose risks from fluctuations in prices and demand, stating that market conditions remain unstable even after the recovery in coking coal and Chinese coke markets. - FY2017RestatedAnnual report
「The group purchases, manufactures, and sells coal and coke, energy-related materials, but global changes in supply and demand could result in significant fluctuations in the prices and volumes of purchases and sales.」
The company continues to disclose coal and coke market conditions, steel demand, and price and volume fluctuations as major risks. - FY2017-Q3WorsenedAnnual report
「Coking coal market conditions, which had remained depressed for a long time, surged, and Chinese coke market conditions recovered accordingly. Recently, however, both coking coal and coke prices have entered a downward phase, leaving the outlook uncertain.」
In contrast to the recovery in market conditions expected in the previous quarter, coking coal and coke prices have entered a downward phase, increasing uncertainty surrounding market fluctuations. - FY2017-Q2ReframedAnnual report
「Although higher coking coal prices and a recovery in Chinese coke market conditions are expected, the outlook remains uncertain. Domestic blast-furnace steelmakers, the main customers for coke, continue to face difficult conditions because of excess capacity and overproduction in China's steel industry and the impact of the sharp rise in coking coal prices. The East Asian steel industry also remains unstable because of factors including inexpensive steel exports from China.」
While a recovery in Chinese coke market conditions is expected, higher and sharply rising coking coal prices, excess capacity and overproduction in China's steel industry, and instability in East Asian markets caused by inexpensive steel exports are identified as risk factors. The composition of the risk factors has changed from the previous quarter. - FY2017-Q1WorsenedAnnual report
「The operating environment surrounding the group has become extremely challenging. Domestic blast-furnace steelmakers, the main customers for coke, face falling product prices and a worsening export environment because of excess capacity and overproduction in China's steel industry. This has been compounded by declines in coking coal and crude oil prices and increased exports of inexpensive Chinese coke resulting from China's economic slowdown. In the medium term, competition in the East Asian steel industry is also expected to intensify, including through the construction of new steelworks in Southeast Asia, raising concerns about the resulting repercussions.」
In addition to excess capacity and overproduction in China, falling coking coal and crude oil prices, and increased exports of Chinese coke, concerns have been raised about intensified competition in the medium term from new steelworks in Southeast Asia. Against this backdrop, the consolidated operating loss was ¥176 million and the ordinary loss was ¥357 million for the quarter, indicating that market-related risks continued to affect results. - FY2016First statedAnnual report
「Changes in global supply and demand could result in significant fluctuations in the prices and volumes of purchases and sales.」
The company explains that the economic slowdown in China, increased exports of Chinese coke, and declines in coking coal and crude oil prices affected actual selling prices and profit, resulting in lower revenue and earnings.