Komori
Nippon Crucible (5355) · RiskWorsenedLatest Results (2026-11-05): "Restated"

Deterioration in demand conditions in the automotive and steel industries

First written in FY2017-Q1. 13 of 36 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-11-05.

36entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2017-Q1 – FY2020-Q1OtherFY2024-Q1 – FY2025-H12016: 220162017: 420172018: 420182019: 420192020: 420202021: 420212022: 420222023: 320232024: 220242025: 120252026: 42026
Same theme, other companies
Sensitivity to domestic and overseas industrial conditions and capital investment trendsA theme 102 companies write about · 103 as a headwind · 1 as a tailwind

Nippon Crucible moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).

The whole theme swung hardest in 2020: 68 of 87 companies on the "Worse" side.

19 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 102 companies compared. The sentences above are computed from all 102.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「Among the industries related to our Group, the automotive industry, a major customer industry, has recently returned to year-on-year growth in production volumes, but the outlook remains uncertain due to US trade policy and conditions in the Middle East. In the steel industry, demand, particularly from construction, is trending lower, while crude steel production also continues to decline, leaving the outlook uncertain.」

    Automotive production returned to year-on-year growth, but uncertainty remains due to US trade policy and conditions in the Middle East. Steel continues to face declining construction demand and a downward trend in crude steel production.
  2. 2026-06-03WorsenedGeneral Meeting of Shareholders

    「The automotive-related industry, one of the Company’s major customers, has recently seen production volumes return to year-on-year growth, but the outlook remains uncertain due to factors including U.S. trade policy and the situation in the Middle East.」

    While production volumes in the automotive-related industry have recently returned to growth, the Company identified uncertainty arising from U.S. trade policy and the situation in the Middle East.
  3. FY2026-H1WorsenedAnnual report

    「Among the industries related to our Group, the automotive industry, a major customer industry, has recently seen year-on-year declines in sales and production volumes, and its earnings recovery has stalled as exports have fallen under US trade policy, leaving the outlook uncertain. In the steel industry, demand, particularly from construction and automotive applications, is trending lower, while crude steel production also continues to decline, leaving the outlook uncertain.」

    The automotive industry showed declines in sales and production volumes and weak exports due to US trade policy, while the steel industry continued to see declining demand from construction and automotive applications and a downward trend in crude steel production.
  4. FY2025-H1RestatedAnnual report

    「The automotive industry, a major customer industry, has continued to post year-on-year monthly increases in sales and production volumes, and is expected to continue recovering, partly due to eased supply constraints for parts. Demand for steel is recovering, particularly from the automotive sector, but demand from the industrial machinery and construction sectors is declining. Attention is also required to downside risk from a slowdown in overseas economies.」

    The automotive industry continues to recover, while the steel industry continues to face declining demand by end use and the risk of a slowdown in overseas economies.
  5. FY2024-Q3RestatedAnnual report

    「Among the industries related to our Group, the automotive industry, a major customer industry, has continued to post year-on-year monthly increases in sales and production volumes, and is expected to continue recovering, partly due to eased supply constraints for parts. Demand for steel is recovering, particularly from the automotive sector, but demand from the industrial machinery and construction sectors is declining. Attention is also required to downside risk from a slowdown in overseas economies.」

    Automotive recovery is continuing against a backdrop of eased supply constraints for parts, while steel demand from the automotive sector is recovering but demand from industrial machinery and construction is declining, and the risk of a slowdown in overseas economies persists.
  6. FY2024-Q2Automotive recovery, divergent steel demand and concerns over weakness in overseas economiesAnnual report

    「The automotive industry, a major customer industry, has continued to post year-on-year monthly increases in sales and production volumes, and is expected to continue recovering, partly due to eased supply constraints for parts. Demand for steel is recovering, particularly from the automotive sector, but demand from the industrial machinery and construction sectors is declining. Attention is also required to downside risk from a slowdown in overseas economies.」

    Automotive recovery is continuing as sales and production increase year on year and supply constraints for parts ease, while steel demand from the automotive sector is recovering but demand from industrial machinery and construction is declining, indicating downside risk from a slowdown in overseas economies.
  7. FY2024-Q1Automotive recovery, declining steel production and concerns over weakness in overseas economiesAnnual report

    「The automotive industry, a major customer industry, has continued to post year-on-year monthly increases in sales and production volumes, and is expected to continue recovering, partly due to eased supply constraints for parts. Demand for steel from the automotive sector is showing signs of recovery, but crude steel production continues to trend lower year on year, partly due to weakness in the construction industry. Attention is also required to downside risk from a slowdown in overseas economies.」

    Automotive activity is recovering as sales and production increase year on year and supply constraints for parts ease, while steel continues to post year-on-year declines in crude steel production due partly to weakness in construction, with downside risk from a slowdown in overseas economies also indicated.
  8. FY2023-Q3WorsenedAnnual report

    「Among the industries related to our Group, the automotive industry, a major customer industry, continued to face difficult operating conditions due to delays in the recovery of semiconductor supplies and weakness in overseas economies. Domestic production and sales volumes remained low, and the outlook remains uncertain. The steel industry continued to experience year-on-year declines in domestic crude steel production, requiring continued attention to further downside risk from trends in the automotive sector, higher raw material and fuel prices, and exchange-rate fluctuations.」

    The automotive industry continued to face difficult operating conditions due to delays in the recovery of semiconductor supplies and weakness in overseas economies, with production and sales volumes remaining low. The steel industry continues to face year-on-year declines in domestic crude steel production and further downside risk.
  9. FY2023-Q2WorsenedAnnual report

    「Among the industries related to our Group, the automotive industry, a major customer industry, is expected to remain in a challenging environment, with sales and production volumes continuing to decline year on year and affected by supply constraints for parts and semiconductor shortages. Demand for steel from the construction and industrial machinery sectors is showing signs of recovery, but continued attention is required to downside risk from trends in the automotive sector, higher raw material and fuel prices, and exchange-rate fluctuations.」

    Automotive sales and production volumes remain below the previous year, while parts supply constraints and semiconductor shortages continue. In steel, downside risk from trends in the automotive sector, higher raw material and fuel prices, and exchange-rate fluctuations also persists.
  10. FY2023-Q1WorsenedAnnual report

    「Among the industries related to our Group, the automotive industry, a major customer industry, continues to experience significant year-on-year monthly declines in sales and production volumes because supply constraints for semiconductors and parts have not been resolved. Demand for steel from the construction and industrial machinery sectors is showing signs of recovery, but the steel industry has been affected by sluggish demand from the automotive sector, requiring attention to downside risk.」

    The automotive industry continued to experience significant year-on-year declines in sales and production volumes due to supply constraints for semiconductors and parts, while the steel industry also showed downside risk from sluggish automotive demand.
  11. FY2022WorsenedAnnual report

    「The automotive industry, a major customer industry, was significantly affected by production cuts caused by shortages of semiconductors and parts, resulting in year-on-year monthly declines in sales and production volumes since last summer.」

    In the automotive industry, production cuts caused by semiconductor and parts shortages and year-on-year declines in sales and production volumes continued. The steel industry also continues to face downside risk from high Chinese production and weak automotive demand.
  12. FY2022-Q3Automotive production cuts continue; steel recovery despite high Chinese productionAnnual report

    「The automotive industry, a major customer industry, has been significantly affected by production cuts caused by shortages of semiconductors and parts, with sales and production volumes continuing to decline year on year each month since last summer. The steel industry has recovered significantly, supported by higher domestic steel prices and strong overseas operations. However, concerns remain over the continued high level of crude steel production in China and the impact of weak automotive production.」

    Automotive production cuts caused by semiconductor and parts shortages continued, as did year-on-year declines in sales and production volumes. Steel recovered on higher steel prices and strong overseas operations, but concerns remain over high Chinese production and weak automotive demand.
  13. FY2022-Q2Automotive increases, but recovery is slow due to semiconductor constraints; difficult steel conditions persistAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, saw sales and production of passenger cars increase year on year due to the rebound from the low level in the previous fiscal year. However, the pace of recovery was expected to remain moderate due partly to production cuts resulting from semiconductor shortages. The steel industry saw domestic crude steel production increase year on year, but business conditions remained difficult as crude steel production in China continued to remain high.」

    Automotive sales and production of passenger vehicles increased from the previous year, but the pace of recovery is expected to remain moderate due to production cuts caused by semiconductor shortages. Domestic crude steel production increased, but the operating environment remains challenging because of high production levels in China.
  14. FY2022-Q1Automotive recovering, but semiconductor constraints and difficult steel conditions persistAnnual report

    「The automotive-related industry, one of our major customers, saw sales and production increase year on year due to the rebound from the low level in the previous fiscal year. However, the pace of recovery was expected to remain moderate for the time being due partly to semiconductor shortages. In the steel industry, domestic crude steel production was higher year on year, but business conditions remained difficult as crude steel production in China continued to remain high.」

    Automotive sales and production increased from the previous year, but the pace of recovery was expected to remain moderate due to semiconductor shortages. Domestic steel production increased, while difficult conditions continued due to China's high production levels.
  15. FY2021WorsenedAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, showed signs of recovery in domestic production and sales, but turned negative again year on year due partly to semiconductor shortages, making the outlook difficult to view optimistically. In the steel industry, domestic crude steel production continued to decline year on year, mainly due to the impact of increased crude steel production in China, resulting in generally difficult business conditions.」

    Automotive turned negative year on year again due to the impact of semiconductor shortages after showing signs of recovery, while domestic crude steel production continued to decline in steel.
  16. FY2021-Q3Signs of automotive recovery, but difficult conditions continue in semiconductors and steelAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, showed signs of recovery, with exports and production turning higher year on year. However, the outlook remained unpredictable due to issues including semiconductor supply and demand. In the steel industry, domestic crude steel production turned higher month on month from July last year, but continued to decline year on year, resulting in generally difficult business conditions.」

    Automotive exports and production turned higher year on year, while semiconductor supply and demand issues were identified as a new concern. Steel recovered month on month, but continued to decline year on year.
  17. FY2021-Q2WorsenedAnnual report

    「The automotive-related industry, one of our major customers, showed improved business sentiment against the backdrop of a recovery in exports and production from summer onward. However, the year-on-year decline in domestic sales and other areas remained substantial, making the outlook difficult to view optimistically. Small and medium-sized parts manufacturers with high dependence on the automotive industry, in particular, were expected to continue facing difficult conditions. In the steel industry, crude steel production declined due to a sharp downturn in operations among steel-demand industries, including automobiles, and conditions remained generally difficult.」

    Although the automotive industry saw exports and production recover, the decline in domestic sales remained substantial, and small and medium-sized parts manufacturers were expected to continue facing difficult conditions. Crude steel production declined in the steel industry, where difficult demand conditions persisted.
  18. FY2021-Q1WorsenedAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, saw domestic sales decline sharply year on year amid calls for people to refrain from going out. Domestic production also fell significantly year on year due to factory shutdowns and other factors resulting from sluggish sales. In the steel industry, crude steel production declined due to the sharp downturn caused by the infectious disease among steel-demand industries, including automobiles, and conditions remained generally difficult.」

    Automotive domestic sales and production deteriorated sharply due to calls to refrain from going out, sluggish sales and factory shutdowns. Steel crude production also declined due to the impact of the infectious disease on steel-demand industries.
  19. FY2020WorsenedAnnual report

    「In addition to continued year-on-year declines in domestic crude steel production, high levels of crude steel production in China and downside demand risks including U.S. measures restricting steel imports led to a succession of announcements concerning the restructuring of steelworks.」

    The deterioration in the steel demand environment intensified as domestic production declined, China's production remained high and import restrictions continued, followed by a succession of announcements concerning steelworks restructuring.
  20. FY2020-Q3WorsenedAnnual report

    「The automotive-related industry, one of our major customers, saw exports decline, and stagnation intensified as domestic production and sales turned lower year on year from summer through autumn last year. In the steel industry, domestic crude steel production continued to decline year on year, while China's crude steel production remained high, and the outlook was difficult and unpredictable due to downside demand risks including U.S. measures restricting steel imports.」

    Automotive exports declined, and domestic production and sales turned lower year on year. Steel also saw continued declines in domestic crude steel production, resulting in a deterioration in the demand environment for major customers.
  21. FY2020-Q2WorsenedAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, remained generally firm, with domestic sales continuing to increase year on year. In the steel industry, domestic crude steel production had recently declined year on year, while China's crude steel production remained high, and the outlook remained unpredictable due to downside demand risks including U.S. measures restricting steel imports.」

    The automotive-related industry was considered generally firm, while domestic crude steel production in the steel industry turned lower year on year and concerns over downside demand continued.
  22. FY2020-Q1Automotive remains firm; concerns over downside steel demand persistAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, remained firm, with domestic production and sales increasing year on year. In the steel industry, domestic crude steel production turned higher year on year in June, but the outlook remained unpredictable due to China's continued high production and downside demand risks including U.S. measures restricting steel imports.」

    The automotive-related industry was considered firm due to increases in domestic production and sales, while the steel industry continued to face concerns over downside demand due to China's high production levels and U.S. import restrictions, despite domestic production turning higher.
  23. FY2019Automotive remains firm; concerns over downside steel demand persistAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, remained generally firm, with domestic production and sales increasing slightly year on year. In the steel industry, domestic crude steel production continued to decline year on year, while production in China remained high, and concerns over downside demand risks including U.S. measures restricting steel imports kept the outlook unpredictable.」

    The automotive-related industry remained firm, with domestic production and sales increasing slightly, while steel continued to face declining domestic crude steel production, high production levels in China and concerns over downside demand due to U.S. import restrictions.
  24. FY2019-Q3Automotive sales remain firm; concerns over downside steel demand persistAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, remained generally firm, with domestic sales recently showing a slight year-on-year increase. In the steel industry, the outlook remained unpredictable due to continued growth in China's crude steel production and downside demand risks including U.S. measures restricting steel imports.」

    The automotive-related industry remained firm, with domestic sales increasing slightly year on year, while concerns over downside steel demand due to rising production in China and U.S. import restrictions continued.
  25. FY2019-Q2Heavy rains reduce automobile production; sales at previous year's levelAnnual report

    「The automotive-related industry, one of our major customers, saw domestic production decline slightly year on year due to the heavy rains in western Japan and other factors, while domestic sales were at the previous year's level. Domestic crude steel production increased slightly year on year, but the outlook remained unpredictable due to continued growth in China's crude steel production and downside factors for demand, including trade issues such as U.S. restrictions on steel imports.」

    Automotive domestic production declined slightly year on year due to the heavy rains in western Japan and other factors, while sales were at the previous year's level. Domestic crude steel production increased slightly, but concerns over downside demand risks due to rising production in China and trade issues continued.
  26. FY2019-Q1Automotive production up, sales slightly down; steel trade issues persistAnnual report

    「The automotive-related industry, one of our major customers, saw domestic sales decline slightly year on year, while domestic production increased year on year, mainly due to exports.」

    Domestic automobile sales declined slightly, while domestic production increased, mainly due to exports. Domestic crude steel production increased slightly, but the outlook remained uncertain as China's production increased and trade issues continued.
  27. FY2018Automotive remains firm, while the outlook for steel is uncertainAnnual report

    「The automotive-related industry, one of our major customers, performed well due to increased overseas sales. Domestic sales declined slightly year on year in the second half as the effect of new model launches faded, but increased slightly year on year for the full year, while domestic production remained firm. In the steel industry, higher selling prices boosted performance as demand for steel products increased amid global economic expansion. However, domestic crude steel production was almost flat year on year, and the outlook remained unpredictable, including because the United States decided to restrict steel imports.」

    The automotive-related industry performed well and increased slightly for the full year, supported by higher overseas sales and firm domestic production. The steel industry, however, had flat domestic crude steel production and an uncertain outlook, including due to U.S. restrictions on steel imports.
  28. FY2018-Q3Automotive production continues to rise, sales decline, steel recoversAnnual report

    「In the third quarter, the automotive-related industry, one of our major customers, saw domestic automobile sales decline slightly year on year, while domestic production continued to increase year on year. In the steel industry, domestic crude steel production recovered to almost the previous year's level and remained on an upward trend, although China's crude steel production was still high.」

    Domestic automobile production continued to increase, while sales declined slightly year on year. In steel, domestic crude steel production recovered to almost the previous year's level and was described as being on an upward trend, despite continued high production in China.
  29. FY2018-Q2Automotive remains firm, while difficult conditions continue in steelAnnual report

    「The automotive-related industry, one of our major customers, performed steadily, supported by strong sales of new models and other factors, with domestic automobile production and sales continuing to increase year on year. In the steel industry, domestic crude steel production was almost flat year on year, while difficult conditions continued as China's crude steel production reached a new record high.」

    The automotive-related industry remained firm on the strength of new model sales, while difficult conditions continued in the steel industry as China's crude steel production reached a record high.
  30. FY2018-Q1Automotive recovery, but difficult conditions continue in steelAnnual report

    「The automotive-related industry, one of our major customers, remained on a recovery trend, supported by strong sales of new models and other factors, with domestic sales continuing to increase year on year. In the steel industry, domestic crude steel production was almost flat year on year, while conditions remained difficult due to higher prices for steelmaking materials and China's crude steel production reaching a record high.」

    The automotive-related industry continued to recover on the strength of new model sales, while difficult conditions persisted in the steel industry due to higher raw material prices and high production levels in China.
  31. FY2017Automotive recovery, but difficult conditions continue in steelAnnual report

    「The automotive-related industry, one of our group's major customers, was on a recovery trend, with both domestic automobile sales and production turning higher year on year and benefiting from the depreciation of the yen from December onward. In the steel industry, domestic crude steel production exceeded the previous fiscal year's level due to expanding demand from construction and automobiles, and the downward trend showed signs of easing, but conditions remained difficult.」

    The automotive-related industry turned toward recovery, while the steel industry continued to face difficult conditions in terms of demand and raw material costs.
  32. FY2017-Q3Automotive demand recovering, but difficult conditions continue in steelAnnual report

    「Among the industries related to our group, the automotive-related industry, one of our major customers, saw business sentiment improve following the depreciation of the yen from November onward, and domestic automobile sales were at the previous year's level. In the steel industry, domestic crude steel production was almost unchanged year on year, but difficult conditions continued due to China's persistently high crude steel production and higher production costs resulting from soaring coking coal prices.」

    Business sentiment in the automotive-related industry improved following the depreciation of the yen, and domestic sales were at the previous year's level. The steel industry, however, remained difficult due to China's high production levels and soaring coking coal prices.
  33. FY2017-Q2Partial recovery, but difficult conditions persistAnnual report

    「The automotive-related industry, one of our major customers, was recovering, with domestic production almost back to the previous year's level, but conditions remained sluggish, including a sharp year-on-year decline in kei car sales. In the steel industry, global crude steel production turned higher year on year from the first quarter, and domestic crude steel production was also on an upward year-on-year trend. However, conditions remained difficult as crude steel production and steel exports in China stayed at high levels.」

    While some recovery was seen in automotive and steel production indicators, difficult demand conditions continued due to sluggish kei car sales and high levels of production and exports in China.
  34. FY2017-Q1First statedAnnual report

    「The automotive-related industry, one of our major customers, saw the decline in domestic production moderate, but new vehicle sales decreased year on year due to a sharp decline in sales of kei cars. The steel industry also remained in a difficult situation, although crude steel production had recently begun to recover somewhat, partly because production in China remained at a high level.」

    The difficult demand environment facing the automotive and steel industries, our major customers, was identified as a business risk for the quarter.
Moved together

"Maintaining domestic share in the steel market and expanding royalty income through overseas technology licensing" moved the same way as this thread, in the same document, in 9 of its 36 moves.

997665★123456
  1. ★This thread
  2. 1Maintaining domestic share in the steel market and expanding royalty income through overseas technology licensing9×
  3. 2Slowdown in China and Emerging-Market Economies and Rising Raw Material and Electricity Costs9×
  4. 3Operating Profit Growth Despite Declining Sales7×
  5. 4Maintaining and Expanding Automotive-Related Market Share in the Casting Market through Product Quality and Application Development6×
  6. 5Investment Losses at a Chinese Equity-Method Affiliate and Impairment Losses on Investment Securities6×
  7. 6Impact of the Novel Coronavirus on the Chinese Economy and Exports5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Nippon Crucible's next results are scheduled for 2026-11-05. Read the earnings preview It last moved in the Results of 2026-11-05: "Restated".
News
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