Komori
Nippon Soda (4041) · InitiativeAdvanced

Fundamental structural reform of the caustic potash and related businesses

First written in FY2021-Q1. 7 of 9 entries say "Advanced", first in FY2021-Q2. Latest entry: 2026-08-07.

9entries
7years
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2021-Q2 – FY2023-Q2AdvancedFY2024-Q2 – 2026-08-072020: 220202021: 220212022: 120222023: 220232024: 020242025: 020252026: 22026
Same theme, other companies
Suspension of production in the caustic potash business and restructuring of peripheral businessesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2024-Q2AdvancedAnnual report

    「Although sales of sodium cyanide and caustic soda increased, sales of caustic potash, potassium carbonate, and other products were discontinued as part of the structural reform, and sales of phosphorus chloride also declined, resulting in lower revenue from industrial chemicals.」

    Regarding the structural reform of the Caustic Potash and Related Businesses, the discontinuation of sales of caustic potash, potassium carbonate, and other products is reflected in results.
  2. FY2023-Q3RestatedAnnual report

    「Although sales of industrial chemicals and Eco Care products declined following structural reforms in the caustic potash and related businesses, growth in the pharmaceutical excipient “NISSO HPC,” the KrF photoresist material “VP Polymer” and secondary battery materials, together with revisions to selling prices in response to the substantial increase in raw material and fuel prices, resulted in revenue of ¥34.742 billion for the cumulative period, up 15.1% year on year.」

    The structural reform of the Caustic Potash and Related Businesses remains in effect and is reflected in results as lower sales of industrial chemicals and Eco Care products.
  3. FY2023-Q2AdvancedAnnual report

    「Although sales of industrial chemicals and Eco Care products declined following implementation of the structural reform of the Caustic Potash and Related Businesses, sales of pharmaceuticals, industrial fungicides, chemical products, and functional materials increased due to sales price revisions in response to a sharp rise in raw material and fuel prices and expansion in demand.」

    The structural reform of the Caustic Potash and Related Businesses is in the implementation phase and is reflected in results as lower sales of industrial chemicals and Eco Care products.
  4. FY2022-Q1AdvancedAnnual report

    「As stated in the “Notice Concerning the Progress of Structural Reform of the Caustic Potash and Related Businesses” disclosed on 3 August 2021, the Company is proceeding with the disposal of unprofitable businesses, and structural reform aimed at transforming the business structure into a highly efficient one is making steady progress.」

    Regarding the structural reform of the Caustic Potash and Related Businesses, the Company states that the disposal of unprofitable businesses is progressing and that the structural reform is making steady progress.
  5. FY2021-Q3AdvancedAnnual report

    「In the Chemical Products segment, the Company recorded impairment losses associated with the structural reform of the Caustic Potash and Related Businesses, as well as impairment losses on certain facilities related to chemical products. The amount of such impairment losses was ¥1.742 billion for the cumulative third quarter of the fiscal year under review.」

    Impairment losses on facilities related to the structural reform of the Caustic Potash and Related Businesses progressed, reaching ¥1.742 billion on a cumulative third-quarter basis. Impairment of facilities related to chemical products was also newly included.
  6. FY2021-Q2AdvancedAnnual report

    「As the impact of the “Implementation of Structural Reform of the Caustic Potash and Related Businesses” (disclosed on 4 August 2020) was recorded as impairment losses on related manufacturing facilities (property, plant and equipment)」

    Regarding the fundamental structural reform of the Caustic Potash and Related Businesses resolved in the previous quarter, the Company recorded impairment losses of ¥970 million on related manufacturing facilities, advancing the accounting treatment associated with implementation.
  7. FY2021-Q1First statedAnnual report

    「At a meeting of the Board of Directors held on 4 August 2020, the Company resolved to implement fundamental structural reform of the Caustic Potash and Related Businesses.」

    The Board of Directors resolved to implement fundamental structural reform of the Caustic Potash Business, including suspension of production, based on demand prospects and equipment maintenance and renewal costs. Details such as the products subject to production suspension and the timing will be decided in the future, and the impact on results for the fiscal year under review remains undetermined.
Moved together

"Stable dividends targeting a total payout ratio of 30%" moved the same way as this thread, in the same document, in 6 of its 9 moves.

643322★123456
  1. ★This thread
  2. 1Stable dividends targeting a total payout ratio of 30%6×
  3. 2Development and Commercialization of a New Pesticide Pipeline4×
  4. 3Capital investment aimed at developing high-value-added products and strengthening competitiveness3×
  5. 4Increase in Outstanding Debt Guarantees to Novus3×
  6. 5Expanding Sales and Developing Applications for HPC and NISSO-PB2×
  7. 6Additional Recognition of PCB Waste Treatment Costs2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Nippon Soda yet. It last moved in the Earnings presentation of 2026-08-07: "Advanced".
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