Inventory adjustments in certain applications of rare-earth magnets
First written in FY2019-Q3. 5 of 16 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2025-H1.
No other company in this theme has enough history to compare yet.
- FY2025-H1MitigatedAnnual report
「For rare-earth magnets, we responded to solid demand for hard disk drives while working to expand sales in the automotive market.」
The disclosure through the previous fiscal year stated that adjustments continued in hard disk drive and industrial equipment applications. It now describes demand for hard disk drives as solid and states that the company is working to expand sales in the automotive market. - FY2024-Q3MaterialisedAnnual report
「In addition, we recognized an impairment loss on part of our inventory of rare-earth materials, which we had held in substantial quantities to ensure a stable supply, based on recent market conditions.」
Amid continued adjustments in some rare-earth magnet applications, the disclosure states that an impairment loss was actually recognized on inventory of rare-earth materials held to ensure a stable supply. - FY2024-Q2RestatedAnnual report
「For rare-earth magnets, although adjustments continued in the hard disk drive and industrial equipment markets, we worked to expand sales in the automotive and other markets.」
While demand adjustments continued in hard disk drive and industrial equipment applications, the company worked to expand sales in other markets, including the automotive market. - FY2024-Q1Updated the areas subject to adjustmentAnnual report
「For rare-earth magnets, although adjustments continued in the hard disk drive and industrial equipment markets, we worked to expand sales in other markets.」
The disclosure has changed from the previously reported adjustment in data-center investment to a statement that adjustments continued in hard disk drive and industrial equipment applications. It also states that the company worked to expand sales in other markets. - FY2023-Q3WorsenedAnnual report
「Rare-earth magnets were also affected by adjustments to data-center investment, but this was offset by shipments to other markets.」
For rare-earth magnets, the impact of demand from adjustments to data-center investment was newly disclosed in specific terms. Shipments to other markets were said to have offset the impact. - FY2022MitigatedAnnual report
「For rare-earth magnets, although infection-control measures and natural-disaster-related operating restrictions affected production sites in Asia, we operated as fully as possible to meet strong demand across all fields, including automotive, industrial equipment and hard disks.」
The disclosure states that conditions improved from inventory adjustments and slowing demand in some applications, as disclosed in previous years, to continued strong demand across all applications. However, operating restrictions at production sites remain in place. - FY2022-Q2MitigatedAnnual report
「For rare-earth magnets, we made maximum shipments to meet strong demand for automotive, industrial equipment, hard disk and other applications despite operating restrictions in Malaysia.」
Despite operating restrictions in Malaysia, the company responded to strong demand across all applications, including automobiles, industrial equipment and hard disk drives, and made maximum shipments. - FY2022-Q1MitigatedAnnual report
「Rare-earth magnets performed strongly across the board, including automotive applications, factory automation and hard-disk drives.」
The disclosure states that performance was strong across all applications, including automobiles, factory automation and hard disk drives, compared with the inventory adjustments and slowing demand disclosed in previous years. - FY2021-Q3MitigatedAnnual report
「Rare-earth magnets were temporarily affected by restrictions on economic activity at the beginning of the first quarter, which disrupted operations at overseas plants, but shipments for hard-disk-drive applications remained strong, and automotive applications showed a strong recovery in the second half.」
While the impact of restrictions on economic activity on overseas plant operations was disclosed, automotive applications showed a strong recovery in the second half, with improvements in some applications disclosed in place of the previously reported slowing demand and signs of a slowdown. - FY2021-Q2ReframedAnnual report
「Rare-earth magnets were temporarily affected by restrictions on economic activity, which disrupted operations at overseas plants, but shipments for hard-disk-drive applications remained strong.」
The explanation has changed from disclosures on demand trends and inventory adjustments in industrial equipment and automobile applications to a description that also cites the impact of restrictions on economic activity on overseas plant operations and strong performance in hard disk drive applications. - FY2020Automobile sales maintained; slowing demand for industrial equipmentAnnual report
「Rare-earth magnets were affected by slowing demand for industrial equipment, but sales were maintained, mainly for environmentally friendly automobiles.」
Regarding the signs of a slowdown in automobile applications disclosed in the third quarter, the full-year disclosure states that sales were maintained, mainly for environmentally friendly automobiles, while slowing demand for industrial equipment continued. - FY2020-Q3WorsenedAnnual report
「Rare-earth magnets continued to achieve solid shipments for automotive applications, including hybrid vehicles, but demand for industrial-equipment applications remained slow. Automotive applications also showed signs of slowing from the second half of the fiscal year, although shipments remained solid, led by environmentally friendly vehicles.」
In addition to slowing demand for industrial equipment, signs of a slowdown also emerged in automobile applications from the second half of the fiscal year, broadening the scope of the impact. Shipments for environmentally friendly vehicles remained solid. ※quantified=false、materialized=true - FY2020-Q2RestatedAnnual report
「Rare-earth magnets continued to achieve solid shipments for automotive applications, including hybrid vehicles, but industrial-equipment and hard-disk-drive applications were affected by slowing demand.」
Regarding slowing demand in some applications, the disclosure states that the impact on industrial equipment and hard disk drive applications has continued. Shipments for automobiles are described as solid. - FY2020-Q1WorsenedAnnual report
「Rare-earth magnets saw solid shipments for automobiles, including hybrid vehicles, but shipments for industrial equipment and hard disk drives were affected by slowing demand.」
In addition to inventory adjustments in some applications, the impact of slowing demand on industrial equipment and hard disk drive applications has been specifically disclosed, clarifying the scope of the impact. Automobile applications are described as solid. - FY2019MaterialisedAnnual report
「For rare-earth magnets, customer inventory adjustments were observed in some applications from the second half of the fiscal year, but shipments for automobiles, including hybrid vehicles, remained strong.」
Regarding the inventory adjustments in some applications disclosed in the previous quarter, the disclosure states that they occurred at customers from the second half of the fiscal year. Shipments for automobiles are described as strong. - FY2019-Q3First statedAnnual report
「Rare-earth magnets saw inventory adjustments in some applications from around November last year, but shipments to automotive applications, including hybrid vehicles, remained solid.」
For rare-earth magnets, this is the first disclosure that inventory adjustments in some applications were actually observed from around November 2018. It also states that shipments for automobiles remained strong.