Decline in North American Hot Forging Lubricant Sales Due to Customers Recycling and Reusing the Product
First written in FY2019-Q3. 1 of 2 entries say "Materialised", first in FY2019. Latest entry: FY2019.
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- FY2019MaterialisedAnnual report
「While sales of the core die-casting lubricants were roughly in line with the previous fiscal year, revenue from hot forging lubricants declined due to the impact of customers' use of recycled materials and other factors. As a result, segment revenue was ¥794 million, down 5.7% from the previous fiscal year, and the segment posted a loss of ¥6 million, compared with segment profit of ¥1 million in the previous fiscal year.」
Customers' use of recycled materials and other factors have been reflected in actual results as lower revenue from North American hot forging lubricants and a segment loss. - FY2019-Q3First statedAnnual report
「Sales of the core die-casting lubricant were at roughly the prior-year level, while sales of hot-forging lubricants fell below the prior-year level due to the impact of customers' recycling practices and other factors. As a result, segment revenue was ¥578 million, down 9.0% year on year, and the segment posted a loss of ¥10 million, compared with a loss of ¥3 million in the same period of the prior year.」
Customers' use of recycled materials and other factors resulted in lower revenue from hot forging lubricants in North America, which was reflected in actual results as lower North American segment revenue and a larger loss.