Delayed recovery in overseas demand for refractories
First written in FY2022-Q2. 5 of 11 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「Although demand for refractory applications began to recover in some areas as customers reassessed the balance with geopolitical risks, sales fell 8.1% from the previous period due to the impact of Chinese manufacturers expanding their market share, despite demand having declined on price considerations.」
Although refractory demand recovered in some areas, sales fell 8.1% from the previous period due to Chinese manufacturers expanding their market share, and the effects of delayed demand recovery and the competitive environment continue. - FY2024WorsenedAnnual report
「Meanwhile, sales volume for refractory applications fell below the previous period's level due to weakness in Japan's steel industry, a major customer industry.」
Against a backdrop of weakness in Japan's steel industry, full-year sales volume for refractory applications fell below the previous period's level. The delayed recovery in demand for refractories, including overseas demand, continues. - FY2024-Q2RestatedAnnual report
「Sales volume for refractory applications fell below the level in the same period of the previous year due to weakness in Japan's steel industry, a major customer industry. Sales volume for structural component applications remained firm.」
Against a backdrop of weakness in Japan's steel industry, sales volume for refractory applications fell below the level in the same period of the previous year, while structural component applications remained firm. - FY2024-Q1RestatedAnnual report
「Affected by sluggish capital investment and crude steel production worldwide, sales volume for structural components and refractory applications fell below the level in the same period of the previous year.」
Against a backdrop of sluggish capital investment and crude steel production, sales volume for structural components and refractory applications has remained below the level in the same period of the previous year. - FY2023WorsenedAnnual report
「Sales volume of refractory materials fell below the previous period's level as inventory adjustments were made within the supply chain in response to the effects of 2021, when global crude steel production exceeded demand, resulting in excess inventories.」
Regarding the delayed recovery in overseas demand for refractories, inventory adjustments within the supply chain continued, and full-year sales volume fell below the previous period's level. - FY2023-Q3MitigatedAnnual report
「Sales volume of refractory materials was approximately in line with the level in the same period of the previous year as inventory adjustments were made within the supply chain in response to the effects of 2021, when global crude steel production exceeded demand, resulting in excess inventories.」
Although the effects of global crude steel production exceeding demand and inventory adjustments continued, sales volume of refractory materials improved from below the level in the same period of the previous year in the preceding quarter to approximately that level. - FY2023-Q2WorsenedAnnual report
「Sales volume of refractory materials fell below the level in the same period of the previous year as inventory adjustments were made within the supply chain in response to the effects of 2021, when global crude steel production exceeded demand, resulting in excess inventories.」
Sales volume of refractory materials fell below the level in the same period of the previous year due to the effects of excess inventories resulting from the previous year's global crude steel production exceeding demand and inventory adjustments within the supply chain. - FY2023-Q1MitigatedAnnual report
「Demand for our refractory materials increased and significantly exceeded the level in the same period of the previous year as the yen's depreciation and other factors narrowed the price gap between domestic and imported products.」
Regarding the risk of delayed recovery in overseas demand for refractories, the company stated that the yen's depreciation narrowed the price gap between domestic and imported products, and demand for its products significantly exceeded the level in the same period of the previous year. - FY2022RestatedAnnual report
「Although domestic crude steel production is on a recovery trend, refractory materials failed to reach pre-pandemic levels because reduced crude steel production in China led to oversupply of refractory materials.」
Despite the recovery trend in domestic crude steel production, oversupply of refractory materials caused by reduced crude steel production in China continued, and demand failed to reach pre-pandemic levels. - FY2022-Q3WorsenedAnnual report
「Although domestic crude steel production is on a recovery trend, refractory materials failed to reach pre-pandemic levels because reduced crude steel production in China resulted in oversupply of refractory materials.」
While domestic crude steel production was on a recovery trend, oversupply of refractory materials resulting from reduced crude steel production in China occurred, and refractory demand was reported to have remained below pre-pandemic levels. - FY2022-Q2First statedAnnual report
「Although demand for refractories is picking up as domestic crude steel production recovers, the recovery in overseas demand has been delayed.」
The company disclosed for the first time an external demand risk by application, stating that refractory demand is picking up as domestic crude steel production recovers, while the recovery in overseas demand is delayed.