Lower facility utilization and higher operating expenses
First written in FY2017-Q2. 4 of 25 entries say "Restated". Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026Profit improvement from price increases and cost reductionsAnnual report
「Owing to the effects of selling price increases and the implementation of cost reductions, operating profit was ¥108 million, compared with operating profit of ¥1 million in the previous consolidated fiscal year.」
In contrast to the factors behind deterioration due to lower production volumes in the past, higher selling prices and cost reductions were cited as factors contributing to profit improvement in the current fiscal year. - FY2026-H1Lower production volumes alongside cost reductionsAnnual report
「In the titanium dioxide-related business, shipments of products for cosmetics and other applications increased, and higher selling prices also had an effect. As a result, segment net sales were ¥2,527 million, up 8.5% year on year. However, the business recorded an operating loss of ¥5 million, compared with an operating loss of ¥20 million in the same period of the previous year, due to the impact of higher costs associated with lower production volumes. In the iron oxide-related business, new adoption of products for brake pads and increased shipments of products for cosmetics and other applications, together with the effect of higher selling prices, resulted in segment net sales of ¥1,586 million, up 8.4% year on year. Operating profit was ¥133 million, up 105.2% year on year, due to higher net sales and cost reductions, among other factors.」
In the titanium dioxide business, higher costs associated with lower production volumes became a factor behind the loss, while operating profit increased in the iron oxide business due to cost reductions and other factors. - FY2024-Q3WorsenedAnnual report
「In addition to lower net sales, lower production volumes and persistently high prices for major raw materials and fuels resulted in an operating loss of ¥578 million, compared with operating profit of ¥251 million in the same period of the previous year; an ordinary loss of ¥503 million, compared with ordinary profit of ¥215 million; and a net loss of ¥381 million attributable to owners of the parent, compared with net income of ¥168 million attributable to owners of the parent.」
In contrast to the increase in production volume previously cited as a factor contributing to profit improvement, the decrease in production volume, together with lower net sales and persistently high raw material and fuel prices, became a factor behind the loss for the cumulative third quarter. - FY2024-Q2WorsenedAnnual report
「In terms of profit and loss, in addition to lower net sales, lower production volumes and persistently high prices for major raw materials and fuels resulted in an operating loss of ¥277 million, compared with operating profit of ¥216 million in the same period of the previous year; an ordinary loss of ¥277 million, compared with ordinary profit of ¥184 million; and a net loss of ¥192 million attributable to owners of the parent, compared with net income of ¥159 million attributable to owners of the parent.」
The decrease in production volume contributed to the deterioration in profit and loss, and each profit measure shifted from profit in the same period of the previous year to a loss for the cumulative second quarter. - FY2024-Q1Profit and loss deterioration due to lower production volumesAnnual report
「In addition to lower net sales, lower production volumes and persistently high prices for major raw materials and fuels resulted in an operating loss of ¥39 million, compared with operating profit of ¥185 million in the same period of the previous year.」
In contrast to the increase in production volume, which had previously been cited as a factor contributing to profit improvement, the decrease in production volume was cited as a factor behind the deterioration in first-quarter profit and loss. - FY2023-Q2Return to profitability due to higher iron oxide production volumesAnnual report
「As a result, segment net sales were ¥1,265 million, up 8.3% year on year. Despite the impact of soaring prices for major raw materials and fuels, operating profit was ¥16 million, compared with an operating loss of ¥32 million in the same period of the previous year, due to higher net sales resulting from a recovery in demand and adjustments to selling prices, as well as the effect of cost reductions from higher production volumes.」
In the iron oxide-related business, cost reductions from higher production volumes contributed to profit improvement, resulting in a shift from an operating loss in the same period of the previous year to operating profit. - FY2023-Q1Cost reduction due to higher production volumesAnnual report
「In addition to higher net sales resulting from a recovery in demand and adjustments to selling prices, the effect of cost reductions from higher production volumes brought operating profit to ¥185 million, up 28.4% year on year.」
In contrast to the decline in the facility operating rate, which was cited as a factor behind the deterioration in profit and loss in the previous fiscal year, cost reductions from higher production volumes were cited as a factor contributing to first-quarter profit improvement. - FY2022Full-year profit and loss improvement due to higher production volumesAnnual report
「In terms of profit and loss, despite the impact of higher depreciation expenses associated with the expansion of ultrafine titanium dioxide production facilities and soaring prices for major raw materials and fuels, operating profit was ¥373 million, compared with an operating loss of ¥64 million in the previous consolidated fiscal year, due to higher net sales and increased production volumes.」
While depreciation expenses associated with the facility expansion and soaring raw material and fuel prices weighed on results, the increase in production volume was cited as a factor contributing to full-year profit improvement. - FY2022-Q3Cumulative profit and loss improvement due to higher production volumesAnnual report
「In terms of profit and loss, despite the impact of higher depreciation expenses associated with the expansion of ultrafine titanium dioxide production facilities and soaring prices for major raw materials and fuels, operating profit was ¥301 million, compared with an operating loss of ¥154 million in the same period of the previous year, and ordinary profit was ¥229 million, compared with an ordinary loss of ¥224 million, due to higher net sales and increased production volumes.」
While depreciation expenses associated with the facility expansion and soaring raw material and fuel prices weighed on results, the increase in production volume contributed to the improvement in profit for the cumulative third quarter. - FY2022-Q2First-half profit and loss improved due to higher operating rates of facilitiesAnnual report
「In terms of profit and loss, despite the impact of higher depreciation expenses associated with the expansion of ultrafine titanium dioxide production facilities and soaring prices for major raw materials and fuels, operating profit was ¥223 million, compared with an operating loss of ¥78 million in the same period of the previous year, due to higher net sales and an increased facility operating rate.」
While depreciation expenses associated with the facility expansion and soaring raw material and fuel prices weighed on results, the higher facility operating rate contributed to the improvement in operating profit to ¥223 million for the cumulative second quarter. - FY2022-Q1Profit improvement due to higher operating rates of facilitiesAnnual report
「Although earnings were affected by higher depreciation expenses associated with the expansion of ultra-fine titanium dioxide production facilities and higher prices for key raw materials and fuels, increased net sales and a higher capacity utilization rate resulted in an operating profit of ¥144 million, up 91.7% year on year, an ordinary profit of ¥97 million, up 32.2%, and quarterly net income attributable to owners of the parent of ¥60 million, up 13.6%.」
Whereas lower operating rates of facilities had been cited as a factor contributing to deteriorating profit and loss in the previous fiscal year, higher operating rates were cited as a factor contributing to profit improvement in the first quarter. - FY2021Full-year lower operating rates of facilities and lossesAnnual report
「Meanwhile, in terms of profit and loss, operating loss was ¥64 million, compared with operating income of ¥514 million in the previous fiscal year, ordinary loss was ¥150 million, compared with ordinary income of ¥512 million, and net loss attributable to owners of the parent was ¥178 million, compared with net income attributable to owners of the parent of ¥401 million, due to the substantial decline in net sales and lower operating rates of facilities.」
Whereas higher operating rates of facilities had been cited as a factor contributing to profit improvement in the previous fiscal year, lower operating rates, together with lower net sales, were cited as factors contributing to full-year losses in the current fiscal year. - FY2021-Q3Losses widened due to lower operating rates of facilitiesAnnual report
「Meanwhile, in terms of profit and loss, operating loss was ¥154 million, compared with operating income of ¥325 million in the same period of the previous year, ordinary loss was ¥224 million, compared with ordinary income of ¥324 million, and net loss attributable to owners of the parent was ¥255 million, compared with net income attributable to owners of the parent of ¥270 million, due to the substantial decline in net sales and lower operating rates of facilities.」
Whereas higher operating rates of facilities had previously been cited as a factor contributing to profit improvement, lower operating rates, together with lower net sales, became factors contributing to the recognition of losses this time. - FY2021-Q2Profit and loss deteriorated due to lower operating rates of facilitiesAnnual report
「Meanwhile, in terms of profit and loss, operating loss was ¥78 million, compared with operating income of ¥298 million in the same period of the previous year, ordinary loss was ¥120 million, compared with ordinary income of ¥291 million, and net loss attributable to owners of the parent was ¥129 million, compared with net income attributable to owners of the parent of ¥226 million, due to the substantial decline in net sales and lower operating rates of facilities.」
Whereas higher operating rates of facilities had been cited as a factor contributing to profit improvement in previous disclosures, this time lower operating rates, together with lower net sales, were cited as factors contributing to deteriorating profit and loss. - FY2019Full-year profit and loss improved due to higher operating rates of facilitiesAnnual report
「Despite surging raw material and fuel prices, operating income was ¥563 million, up 651.8% year on year, due mainly to a substantial increase in net sales and higher operating rates of facilities.」
Unlike the previously cited lower operating rates of facilities, higher operating rates, together with higher net sales, were cited as factors contributing to full-year operating income improvement. - FY2019-Q3Cumulative-period profit and loss improved due to higher operating rates of facilitiesAnnual report
「Despite surging raw material prices, operating income was ¥374 million, compared with an operating loss of ¥33 million in the same period of the previous year, due mainly to a substantial increase in net sales and higher operating rates of facilities.」
Unlike the previously cited lower operating rates of facilities, higher operating rates, together with higher net sales, were cited as factors contributing to profit improvement in the third-quarter cumulative period. - FY2019-Q2First-half profit and loss improved due to higher operating rates of facilitiesAnnual report
「Despite surging raw material prices, operating income was ¥246 million, compared with an operating loss of ¥44 million in the same period of the previous year, due mainly to a substantial increase in net sales and higher operating rates of facilities.」
While raw material prices continued to surge, the substantial increase in net sales and higher operating rates of facilities were cited as factors contributing to the improvement in first-half operating income to ¥246 million. - FY2019-Q1Profit and loss improved due to higher operating rates of facilitiesAnnual report
「Despite surging raw material prices, operating income was ¥166 million, compared with operating income of ¥11 million in the same period of the previous year, due mainly to a substantial increase in net sales and higher operating rates of facilities.」
Unlike the previously cited lower operating rates of facilities, higher operating rates, together with higher net sales, were cited as factors contributing to profit improvement. - FY2018RestatedAnnual report
「Segment net sales were ¥4,451 million, down 2.5% year on year, and operating income was ¥47 million, down 37.0%, due to lower net sales, higher overhead expenses associated with expanding overseas sales, and surging prices for raw materials and fuels.」
Higher overhead expenses associated with expanding overseas sales and surging prices for raw materials and fuels continued to affect profit and loss in the titanium dioxide segment. - FY2018-Q3RestatedAnnual report
「Segment net sales were ¥3,186 million, down 3.5% year on year, and operating loss was ¥39 million, compared with an operating loss of ¥10 million in the same period of the previous year, due to lower net sales, higher overhead expenses associated with expanding overseas sales, and surging prices for raw materials and fuels.」
Higher overhead expenses associated with expanding overseas sales and surging prices for raw materials and fuels continued to be cited as factors contributing to deteriorating profit and loss in the titanium dioxide segment. - FY2018-Q2Added costs for expanding overseas salesAnnual report
「Although net sales increased, operating loss was ¥44 million, compared with an operating loss of ¥40 million in the same period of the previous year, due to the costs of responding to FDA reviews and the European REACH regulation in preparation for expanding overseas sales, as well as surging raw material costs.」
In addition to the previously cited lower operating rates of facilities, higher overhead expenses, higher R&D costs, and higher raw material costs, the costs of responding to FDA reviews and the European REACH regulation in preparation for expanding overseas sales were cited as factors contributing to deteriorating profit and loss. - FY2018-Q1Added higher R&D and raw material costsAnnual report
「In terms of profit and loss, although revenue increased, operating income was ¥11 million, down 60.3% year on year, ordinary income was ¥6 million, down 77.6%, and quarterly net income was ¥2 million, down 91.9%, due to increases in research and development expenses and raw material costs, among other factors.」
In addition to the previously cited lower operating rates of facilities and higher overhead expenses, higher R&D costs and surging raw material costs were cited as factors contributing to lower profit in the quarter. - FY2017RestatedAnnual report
「Although net sales increased, operating income was ¥38 million, down 78.4% year on year, and ordinary income was ¥24 million, down 82.8%, due to lower operating rates of facilities and higher overhead expenses.」
Lower operating rates of facilities and higher overhead expenses continued to be cited as factors contributing to lower full-year profits. - FY2017-Q3RestatedAnnual report
「Operating loss was ¥44 million due to lower net sales, lower operating rates of facilities, and higher overhead expenses, compared with operating income of ¥102 million in the same period of the previous year.」
Lower operating rates of facilities and higher overhead expenses continued to be cited as factors contributing to deteriorating company-wide profit and loss. - FY2017-Q2First statedAnnual report
「Operating loss was ¥40 million due to lower net sales, lower operating rates of facilities, and higher overhead expenses, compared with operating income of ¥73 million in the same period of the previous year.」
Lower operating rates of facilities were cited as factors contributing to deteriorating profit and loss for the company as a whole and in the titanium dioxide and iron oxide segments, while higher overhead expenses were also cited for the company as a whole.