Expansion of the Battery Materials Business and Increased Production Capacity
First written in FY2016. 8 of 26 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2020: 2 of 14 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2023-Q3RestatedAnnual report
「The Company transferred its lithium iron phosphate battery materials business to Sumitomo Metal Mining Co.,Ltd. on 1 May 2022.」
The transfer of the lithium iron phosphate battery materials business is being reconfirmed in the description of the business. - FY2023-Q2RestatedAnnual report
「The Company transferred its lithium iron phosphate battery materials business to Sumitomo Metal Mining Co.,Ltd. on 1 May 2022.」
The transfer of the lithium iron phosphate battery materials business to Sumitomo Metal Mining Co.,Ltd. is being reconfirmed in the description of the business. - FY2023-Q1RestatedAnnual report
「At a meeting of the Board of Directors held on 22 February 2022, the Company resolved to transfer its lithium iron phosphate battery materials business, including the Battery Materials Research Group of the New Technology Research Institute and its subsidiary SOC VIETNAM CO.,LTD., to Sumitomo Metal Mining Co.,Ltd. The Company entered into a business transfer agreement on the same date and completed the transfer on 1 May 2022.」
The transfer of the lithium iron phosphate battery materials business to Sumitomo Metal Mining Co.,Ltd. is being reconfirmed, including the transfer date. - FY2022ReframedAnnual report
「Due to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥1,236 million, up ¥515 million, or 71.5%, from the previous fiscal year. Earnings improved by ¥549 million from the previous fiscal year, but the business posted an operating loss of ¥25 million. The Battery Materials business was transferred to Sumitomo Metal Mining Co.,Ltd. effective 1 May 2022.」
The battery materials business reported higher revenue and improved earnings, while the policy to transfer the LFP battery materials business to Sumitomo Metal Mining Co.,Ltd. on 1 May 2022 was implemented, shifting the focus from expanding the business and increasing production capacity to the business transfer. - FY2022-Q3Revenue up, operating loss continuedAnnual report
「Due to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥991 million, up ¥595 million, or 150.3%, year on year. Earnings improved by ¥398 million from the same period of the previous year, but the business posted an operating loss of ¥80 million.」
Battery Materials posted 150.3% revenue growth due to higher sales volumes, and earnings also improved, but the operating loss continued at ¥80 million. - FY2022-Q2AdvancedAnnual report
「Due to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥592 million, up ¥414 million, or 233.1%, year on year, and operating profit was ¥24 million, an improvement of ¥354 million from the same period of the previous year.」
The Battery Materials business posted 233.1% year-on-year revenue growth and improved from an operating loss to operating profit of ¥24 million. Progress in business expansion and earnings recovery continued from the previous quarter. - FY2022-Q1AdvancedAnnual report
「Due mainly to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥271 million, up ¥200 million, or 283.2%, year on year, and operating profit was ¥36 million, an improvement of ¥162 million from the same period of the previous year.」
The Battery Materials business posted 283.2% year-on-year revenue growth due to higher sales volumes, and improved from an operating loss of ¥126 million in the same period of the previous year to an operating profit of ¥36 million. - FY2021WorsenedAnnual report
「Due to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥721 million, down ¥529 million, or 42.3%, from the previous fiscal year, and the business posted an operating loss of ¥574 million, a deterioration of ¥425 million from the previous fiscal year.」
The Battery Materials business posted a 42.3% full-year revenue decline, while its operating loss widened to ¥574 million. The retreat in sales and profitability has progressed further from the previous fiscal year’s 33.3% revenue decline and ¥149 million operating loss. - FY2021-Q3WorsenedAnnual report
「Due to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥396 million, down ¥618 million, or 61.0%, year on year, and the business posted an operating loss of ¥479 million, a deterioration of ¥241 million from the same period of the previous year.」
The Battery Materials business posted a 61.0% year-on-year revenue decline, while its operating loss widened to ¥479 million. The retreat in sales and profitability has progressed further from the previous quarter. - FY2021-Q2WorsenedAnnual report
「Due to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥177 million, down ¥539 million, or 75.2%, year on year, and the business posted an operating loss of ¥329 million, a deterioration of ¥312 million from the same period of the previous year.」
The Battery Materials business posted a 75.2% year-on-year revenue decline, while its operating loss widened to ¥329 million. The retreat in sales and profitability has worsened from the previous quarter. - FY2021-Q1WorsenedAnnual report
「Due mainly to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥70 million, down ¥307 million, or 81.2%, year on year, and the business posted an operating loss of ¥126 million, a deterioration of ¥89 million from the same period of the previous year.」
The Battery Materials business posted an 81.2% year-on-year revenue decline, while its operating loss widened from ¥37 million in the same period of the previous year to ¥126 million. The retreat in sales and profitability has accelerated significantly. - FY2020Full-year revenue decline and operating loss continue; earnings improveAnnual report
「Due to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥1,250 million, down ¥623 million, or 33.3%, from the previous fiscal year. Earnings improved by ¥287 million from the previous fiscal year due mainly to improved production costs, but the business posted an operating loss of ¥149 million.」
The Battery Materials business posted a 33.3% full-year revenue decline and remained in an operating loss, but earnings improved by ¥287 million due to improved production costs. - FY2020-Q3Narrower revenue decline; operating loss improvesAnnual report
「Due mainly to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥1,014 million, down ¥610 million, or 37.6%, year on year. Earnings improved by ¥40 million from the same period of the previous year due mainly to improved production costs, but the business posted an operating loss of ¥237 million.」
The Battery Materials business posted a 37.6% year-on-year revenue decline, but the decline narrowed from 38.6% in the previous quarter. Earnings improved by ¥40 million year on year due to improved production costs, but the business remained in an operating loss. - FY2020-Q2Wider revenue decline; operating loss improvesAnnual report
「Due to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥717 million, down ¥450 million, or 38.6%, year on year. Earnings improved by ¥53 million from the same period of the previous year due mainly to improved production costs, but the business posted an operating loss of ¥16 million.」
The Battery Materials business’s year-on-year revenue decline widened from 25.5% to 38.6%. However, earnings improved by ¥53 million due to improved production costs, narrowing the operating loss from ¥37 million to ¥16 million. - FY2020-Q1Narrower revenue decline; operating loss worsensAnnual report
「Due mainly to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥378 million, down ¥129 million, or 25.5%, year on year, and the business posted an operating loss of ¥37 million, a deterioration of ¥4 million from the same period of the previous year.」
The year-on-year revenue decline narrowed from 31.3% to 25.5%, while the operating loss worsened from ¥32 million to ¥37 million. The revenue decline and operating loss continue. - FY2019-Q3WorsenedAnnual report
「Due mainly to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥1,625 million, down ¥493 million, or 23.3%, year on year, and the business posted an operating loss of ¥277 million, a deterioration of ¥316 million from the same period of the previous year.」
The Battery Materials business posted a 23.3% revenue decline and an operating loss of ¥277 million due to lower sales volumes. In addition to the revenue decline and operating loss continuing from the previous quarter, the year-on-year deterioration in earnings widened, indicating a retreat in the progress of business expansion. - FY2019-Q2Lower sales, operating loss continuesAnnual report
「Due to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥1,168 million, down ¥254 million, or 17.9%, year on year, and the business posted an operating loss of ¥70 million, a deterioration of ¥174 million from the same period of the previous year.」
The Battery Materials business continued to post lower sales volumes, following the previous quarter, resulting in a 17.9% revenue decline and an operating loss of ¥70 million. The retreat in revenue and profitability from business expansion continues. - FY2019-Q1Lower sales and a shift to an operating lossAnnual report
「Due mainly to lower sales volumes of cathode materials for rechargeable batteries, revenue was ¥507 million, down ¥231 million, or 31.3%, year on year, and the business posted an operating loss of ¥32 million, a deterioration of ¥103 million from the same period of the previous year.」
The Battery Materials business posted a 31.3% revenue decline due to lower sales volumes and moved into an operating loss. Progress in business expansion and profitability have retreated from the previous trend of higher sales volumes and profit growth. - FY2018-Q3Higher revenue and lower earningsAnnual report
「Due mainly to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥2,118 million, up ¥194 million, or 10.1%, year on year, but operating profit was ¥38 million, down ¥61 million, or 61.2%, due mainly to higher costs and other factors.」
The Battery Materials business continued to deliver higher revenue on increased sales volumes, but operating profit fell 61.2% year on year due mainly to higher costs and other factors. The trends in revenue and profitability from business expansion are diverging. - FY2018-Q2AdvancedAnnual report
「Due mainly to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥1,423 million, up ¥178 million, or 14.3%, year on year, and operating profit was ¥104 million, up ¥67 million, or 187.2%.」
The Battery Materials business continued to post higher sales volumes, with revenue up 14.3% and operating profit up 187.2%. - FY2018-Q1AdvancedAnnual report
「Due mainly to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥738 million, up ¥189 million, or 34.4%, year on year, and operating profit was ¥70 million, up ¥41 million, or 144.8%, mainly due to cost reductions and other factors.」
The Battery Materials business continued to post higher sales volumes, with revenue up 34.4% and operating profit up 144.8%. Profit improvement from cost reductions is also indicated. - FY2017AdvancedAnnual report
「Revenue was ¥7,551 million, down ¥73 million, or 1.0%, from the previous fiscal year due mainly to lower electrical equipment construction activity. Operating profit, however, was ¥1,246 million, up ¥481 million, or 62.9%, due to higher sales volumes of cathode materials for rechargeable batteries, as well as cost reductions and other factors.」
Other businesses’ operating profit rose 62.9% for the full year, driven by higher sales volumes of cathode materials for rechargeable batteries and cost reductions. - FY2017-Q3AdvancedAnnual report
「Due mainly to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥5,460 million, up ¥216 million, or 4.1%, year on year, and operating profit was ¥903 million, up ¥523 million, or 137.8%, mainly due to cost reductions and other factors.」
The Battery Materials business continued to post higher sales volumes, with revenue up 4.1% and operating profit up 137.8%. Profit improvement from cost reductions is also indicated. - FY2017-Q2AdvancedAnnual report
「Due mainly to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥3,656 million, up ¥260 million, or 7.7%, year on year, and operating profit was ¥639 million, up ¥331 million, or 107.7%, mainly due to cost reductions and other factors.」
The Battery Materials business continued to post higher sales volumes, with revenue up 7.7% and operating profit up 107.7%. Completion of the production capacity enhancement plan itself is not stated. - FY2017-Q1AdvancedAnnual report
「Due mainly to higher sales volumes of cathode materials for rechargeable batteries, revenue was ¥1,755 million, up ¥112 million, or 6.9%, year on year, and operating profit was ¥301 million, up ¥101 million, or 50.5%, mainly due to cost reductions and other factors.」
The Battery Materials business increased sales volumes, with revenue and operating profit exceeding the same period of the previous year. The completion of the production capacity enhancement plan itself is not stated, but the figures indicate progress in business expansion. - FY2016First statedAnnual report
「In addition to these 5 businesses, one of the businesses currently receiving the Company’s focus for expansion is the Battery Materials business.」
The Battery Materials business has been positioned as a focus area, and the Company is advancing research and development of cathode materials for rechargeable batteries. The Vietnamese subsidiary planned to invest ¥1,658 million in additional production capacity from April 2016 through February 2017.