Profit fluctuations in the refractories and related products business due to inventory valuation differences
First written in FY2020-Q1. 2 of 4 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2022.
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- FY2022RestatedAnnual report
「Under this business environment, forecasts of future orders for refractories and related products involve substantial uncertainty, as they may fluctuate significantly due to factors beyond management's control.」
The company continues to recognize uncertainty that future orders may fluctuate due to steel demand, production adjustments, intensifying competition and other factors, affecting inventory valuation. - FY2021WorsenedAnnual report
「However, future orders for refractories and related products are significantly affected by the business environment surrounding these products. If major steelmakers adjust production or suspend operations in response to declining domestic demand for steel, demand for refractories and related products may decline.」
The company identifies uncertainty over future orders caused by declining domestic steel demand, production adjustments and operating suspensions as a significant risk related to inventory valuation. - FY2020-Q2MaterialisedAnnual report
「In the refractories and related products business, refractories sales volumes declined due to lower domestic crude steel production, but sales increased 1.0% year on year to ¥45,667 million, reflecting the effects of price revisions in the second half of the previous fiscal year and other factors. Segment profit declined 10.3% to ¥4,420 million, due mainly to lower sales volumes and inventory valuation gains.」
Segment profit in the Refractories and Related Products business declined 10.3% year on year due mainly to lower sales volume and inventory valuation gains. - FY2020-Q1MaterialisedAnnual report
「Segment profit declined 12.5% to ¥1,992 million due to the effects of inventory valuation differences, sales mix differences and other factors.」
Segment profit in the Refractories and Related Products business declined 12.5% year on year due to the effects of inventory valuation differences and sales mix differences.