Deterioration in Copper Ore Purchasing Terms
First written in FY2020-Q1. 3 of 9 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2022.
ENEOS Holdings moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2022Earnings increased as market conditions improved despite continued deterioration in copper ore purchase termsAnnual report
「In the metals and recycling businesses, earnings increased as precious metal prices remained at high levels and international sulfuric acid market conditions improved, despite deteriorating purchase terms for copper ore, the raw material.」
Although copper ore purchase terms continued to deteriorate, improved precious metal prices and sulfuric acid market conditions resulted in higher earnings in the metals and recycling businesses. - FY2022-Q2Earnings increased as metal market conditions improved despite continued deterioration in copper ore purchase termsAnnual report
「In the smelting and recycling businesses, earnings increased mainly due to higher metal prices and improved international sulfuric acid market conditions, despite deteriorating copper ore purchase terms.」
Although copper ore purchase terms continued to deteriorate, higher metal prices and improved international sulfuric acid market conditions more than offset the impact, resulting in higher earnings in the smelting and recycling businesses. - FY2022-Q1Earnings increased as metal market conditions improved despite continued deterioration in copper ore purchase termsAnnual report
「In the smelting and recycling businesses, earnings increased mainly due to higher metal prices and improved international sulfuric acid market conditions, despite deteriorating copper ore purchase terms.」
Although copper ore purchase terms continued to deteriorate, higher metal prices and improved sulfuric acid market conditions more than offset the impact, resulting in higher earnings in the smelting and recycling businesses. - FY2021-Q3WorsenedAnnual report
「In the smelting and recycling businesses, earnings declined mainly due to deteriorating copper ore purchase terms and lower sulfuric acid selling prices, despite higher precious metal prices.」
As copper ore purchase terms continued to deteriorate, sulfuric acid selling prices also declined, contributing to lower earnings in the smelting and recycling businesses. - FY2021-Q2WorsenedAnnual report
「In the smelting and recycling businesses, earnings declined mainly due to deteriorating copper ore purchase terms and lower sulfuric acid selling prices, despite higher precious metal prices.」
As copper ore purchase terms continued to deteriorate, sulfuric acid selling prices also declined against a backdrop of weaker demand due to COVID-19 and other factors, contributing to lower earnings in the smelting and recycling businesses. - FY2021-Q1WorsenedAnnual report
「In the smelting and recycling businesses, earnings increased despite deteriorating copper ore purchase terms and lower sulfuric acid selling prices due to weaker demand associated with the spread of COVID-19, supported in part by higher precious metal prices.」
In addition to deteriorating copper ore purchase terms, lower demand associated with the spread of COVID-19 caused sulfuric acid selling prices to decline, worsening the external environment for the smelting business. - FY2020-Q3RestatedAnnual report
「In the copper smelting business, copper ore purchase terms deteriorated, but sulfuric acid selling prices exceeded the level in the same period of the previous year, resulting in higher earnings.」
The continued deterioration in copper ore purchase terms was noted, while higher sulfuric acid selling prices also contributed to increased earnings. - FY2020-Q2RestatedAnnual report
「In the copper smelting business, copper ore purchase terms deteriorated from the same period of the previous year, although sulfuric acid selling prices increased.」
The continued deterioration in copper ore purchase terms was noted, while higher sulfuric acid selling prices were also indicated. - FY2020-Q1First statedAnnual report
「Although copper ore purchase terms deteriorated from the same period of the previous year, sulfuric acid selling prices rose as market conditions improved.」
The deterioration in copper ore purchase terms was first explicitly identified as a business condition for the quarter in the copper smelting business.