Precious-Metal Price Fluctuations and Difficulty Procuring Materials
First written in FY2016. 18 of 34 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-10-27.
Japan Pure Chemical moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 9 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Sales of plating chemicals for lead frames increased 35.5% year on year to ¥6,424 million, supported by increased demand from automotive applications and consumer applications remaining firm, as well as higher precious-metal prices.」
The rise in precious metal prices emerged during the current period as a factor driving higher sales of plating chemicals for lead frames. - FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no material changes relating to the emergence of new business or other risks, or to the business and other risks described in the annual securities report for the previous fiscal year.」
No new occurrence or significant change is reported regarding the risks relating to precious-metal price fluctuations and difficulty procuring materials. - FY2025-H1MaterialisedAnnual report
「Sales of plating chemicals for lead frames gradually recovered in smartphones, PCs and consumer electronics, but revenue declined due to the impact of lower palladium prices.」
The impact of lower palladium prices materialized in interim-period results as lower revenue from plating chemicals for lead frames. - FY2024MaterialisedAnnual report
「Sales of plating chemicals for lead frames reached the bottom in smartphone and PC applications but remained weak, and were also affected by lower palladium prices. Net sales declined 47.6% year on year to ¥4,327 million.」
The impact of lower palladium prices materialized in full-year results as a 47.6% decline in revenue from plating chemicals for lead frames. - FY2024-Q3MaterialisedAnnual report
「Sales of plating chemicals for lead frames saw only a weak recovery in demand for smartphones and PCs, and revenue declined partly due to lower palladium prices.」
Lower palladium prices, together with the weak recovery in demand from smartphones and PCs, have materialized as lower revenue from plating chemicals for lead frames. - FY2024-Q2MaterialisedAnnual report
「Sales of plating chemicals for lead frames remained sluggish due to weak demand from smartphones and PCs, and revenue declined further as a result of lower palladium prices.」
Lower palladium prices, together with weak demand from smartphones and PCs, have materialized as lower revenue from plating chemicals for lead frames. - FY2024-Q1MaterialisedAnnual report
「Sales of plating chemicals for lead frames declined 49.2% year on year to ¥1,285 million, affected by weak demand from smartphones and PCs and lower palladium prices.」
Lower palladium prices, together with weak demand from smartphones and PCs, have materialized as a substantial decline in sales of plating chemicals for lead frames. - FY2023WorsenedAnnual report
「If raw-material prices rise or supply restrictions arise against the backdrop of emerging geopolitical risks, including the invasion of Ukraine and contingencies involving Taiwan, and mine accidents or other factors, our business activities may be affected.」
Regarding precious-metal price and material-procurement risks, the disclosure identifies a contingency involving Taiwan, in addition to the invasion of Ukraine, as a geopolitical factor, and describes the possibility of price surges and supply restrictions. - FY2023-Q3RestatedAnnual report
「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes from the previous fiscal year are reported in the risks relating to precious-metal price fluctuations and difficulty procuring materials. - FY2023-Q1MaterialisedAnnual report
「Sales of plating chemicals for lead frames were affected by activity restrictions in China and lower palladium prices, but the decline was limited to a slight decrease due to strong demand for IoT devices.」
The disclosure states that lower palladium prices actually affected sales of plating chemicals for lead frames. - FY2022WorsenedAnnual report
「If raw-material prices rise or supply restrictions arise against the backdrop of emerging geopolitical risks, including the invasion of Ukraine, and mine accidents or other factors, our business activities may be affected.」
In addition to conventional factors such as international commodity market conditions and mine accidents, the disclosure explicitly identifies geopolitical risks such as the invasion of Ukraine, price surges and supply restrictions as factors. Soaring precious-metal prices also actually contributed to higher sales of lead-frame plating chemicals. - FY2022-Q3RestatedAnnual report
「Sales of plating chemicals for lead frames remained strong due to elevated palladium prices.」
The impact of elevated palladium prices on sales of plating chemicals for lead frames has continued. - FY2022-Q2MaterialisedAnnual report
「Sales of plating chemicals for lead frames remained strong alongside increased demand from communications equipment applications and soaring precious-metal palladium prices.」
Soaring palladium prices have continued to emerge as a factor behind strong sales of plating chemicals for lead frames. - FY2022-Q1RestatedAnnual report
「Sales of plating chemicals for lead frames remained strong alongside increased demand from communications equipment and automotive applications, as well as soaring precious-metal palladium prices.」
The impact of soaring palladium prices on sales of plating chemicals for lead frames has continued. - FY2021-Q3MaterialisedAnnual report
「Sales of plating chemicals for lead frames continued to contribute to higher sales as precious-metal prices remained elevated.」
The impact of elevated precious-metal prices in contributing to higher sales of plating chemicals for lead frames has continued. - FY2021-Q2RestatedAnnual report
「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes are reported in the risks relating to precious-metal price fluctuations and difficulty procuring materials. - FY2021-Q1MitigatedAnnual report
「Sales of plating chemicals for lead frames remained firm, and sales value increased as the rise in precious-metal palladium prices came to a halt, which was viewed favorably.」
The rise in palladium prices came to a halt, and the business pressure from higher prices temporarily eased, according to the disclosure. - FY2020MaterialisedAnnual report
「Sales of palladium plating chemicals for lead frames increased 24.7% year on year to ¥5,621 million, driven by soaring palladium prices.」
While soaring palladium prices pushed up sales value, the business impact of sluggish sales volumes has also materialized. - FY2020-Q3MaterialisedAnnual report
「Sales of plating chemicals for lead frames remained sluggish because the impact of the recovery in semiconductor demand was limited, but sales value increased further as palladium prices rose.」
While the recovery in semiconductor demand had a limited impact and sales remained sluggish, the further rise in palladium prices materialized as higher sales value. - FY2020-Q2MaterialisedAnnual report
「Sales of plating chemicals for lead frames remained sluggish due to weak semiconductor demand, but sales value continued to increase as palladium prices remained elevated since the previous fiscal year.」
While sales remained sluggish due to weak semiconductor demand, elevated palladium prices continued to push up sales value. - FY2020-Q1RestatedAnnual report
「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes are reported in the risks relating to precious-metal price fluctuations and difficulty procuring materials. - FY2019-Q2MaterialisedAnnual report
「Sales volumes of palladium plating chemicals for lead frames showed signs of slowing due to concerns over palladium prices, which have been high since last year.」
Soaring palladium prices have materialized as a business impact in the form of slower sales volumes of palladium plating chemicals for lead frames. - FY2019-Q1RestatedAnnual report
「Sales of palladium plating chemicals for lead frames continued to result in higher selling prices due to palladium prices remaining elevated since the previous fiscal year.」
The situation in which elevated palladium prices push up selling prices has continued. - FY2018RestatedAnnual report
「Soaring palladium prices resulted in higher selling prices.」
The impact of soaring palladium prices on selling prices continues to be disclosed. - FY2018-Q3RestatedAnnual report
「For palladium plating chemicals, soaring palladium prices resulted in higher selling prices.」
The impact of soaring palladium prices in pushing up selling prices has continued. - FY2018-Q2MaterialisedAnnual report
「For palladium plating chemicals, soaring palladium prices resulted in higher selling prices, pushing sales above the initial sales plan.」
Soaring palladium prices affected selling prices and materialized as an actual business impact that pushed sales above the initial sales plan. - FY2018-Q1RestatedAnnual report
「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes are reported in the risks relating to precious-metal price fluctuations and difficulty procuring materials. - FY2017MitigatedAnnual report
「Contracts with customers for precious metals are generally based on the day's quoted price for both purchases and sales, and precious metals are ordered at the same time as orders are received. As a result, profit is largely unaffected by fluctuations in precious-metal prices. However, holding cycle stock creates price fluctuation risk, so we seek to minimize the impact by shortening lead times and keeping inventory to a minimum.」
The company specifically explains how purchases and sales at the day's quoted price, simultaneous ordering upon receipt of an order, and inventory controls limit the impact of precious-metal price fluctuations on profit. - FY2017-Q3RestatedAnnual report
「There have been no material changes to the matters concerning “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes are reported in the risks relating to precious-metal price fluctuations and difficulty procuring materials. - FY2017-Q2MaterialisedAnnual report
「Sales of palladium plating chemicals for lead frames fell short of the initial sales forecast due to soaring palladium prices.」
Soaring palladium prices materialized as an actual business impact in the form of sales falling short of the forecast. - FY2017-Q1MaterialisedAnnual report
「Sales of hard-gold plating chemicals for microconnectors used in high-end smartphones and automotive applications remained relatively firm due to their technological superiority, but net sales declined as a result of lower precious-metal prices.」
The decline in precious-metal prices has materialized as a factor behind lower net sales. No new disclosure regarding difficulty procuring materials was identified. - FY2016First statedAnnual report
「Precious metals, including gold, silver and palladium, are significantly affected by international commodity market conditions, and our net sales are affected by fluctuations in precious-metal prices. In addition, precious metals are limited resources, and if sudden changes in supply and demand or mine accidents make it difficult to procure materials, our business activities may be affected.」
In addition to price fluctuations, supply constraints for precious metals, which are limited resources, are identified as a risk. Measures to mitigate this risk, including minimizing inventory and shortening lead times, are also described.