Komori
Fujimi (5384) · RiskFull-year revenue growth from the effect of making a subsidiary

Revenue decline in general industrial abrasives due to sluggish demand from the automotive and industrial machinery sectors

First written in FY2021-Q2. 9 of 16 entries say "Mitigated", first in FY2021-Q3. Latest entry: FY2026.

16entries
7years
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2021-Q3 – FY2023-Q3WorsenedFY2024-Q1 – FY2024MitigatedFY2025-H1OtherFY2026-H1 – FY20262020: 12021: 420212022: 320222023: 320232024: 320242025: 120252026: 12026
Same theme, other companies

The whole theme swung hardest in 2019: 36 of 68 companies on the "Worse" side.

22 other companies' latest entry also says "Other".

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 85 companies compared. The sentences above are computed from all 85.
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  1. FY2026Full-year revenue growth from the effect of making a subsidiaryAnnual report

    「Sales of general industrial abrasives were ¥6,426 million, up 18.7% year on year, partly because sales from 南興セラミックス, which became a subsidiary in the previous fiscal year, were included.」

    Revenue from general industrial abrasives increased, but the company specifically identified the contribution from Nanko Ceramics' sales as the primary factor, changing the explanation to include a revenue growth factor other than demand recovery alone.
  2. FY2026-H1Revenue growth from the effect of making a subsidiaryAnnual report

    「In general industrial abrasives, net sales were ¥3,511 million, up 33.1% year on year, mainly because sales of Nanko Ceramics, which became a subsidiary in the previous fiscal year, were added.」

    Revenue from general industrial abrasives increased 33.1% year on year, with sales contributed by Nanko Ceramics, which became a subsidiary in the previous fiscal year, identified as the primary factor. The explanation did not attribute the increase solely to recovering demand from the automotive and industrial machinery sectors.
  3. FY2025-H1MitigatedAnnual report

    「Sales of products for the automotive and industrial machinery sectors remained firm, and revenue from general industrial abrasives was ¥2,639 million, up 18.4% year on year.」

    In contrast to the downward revenue trend for general industrial abrasives through the previous fiscal year, sales to the automotive and industrial machinery sectors remained firm, resulting in an 18.4% year-on-year increase in revenue.
  4. FY2024WorsenedAnnual report

    「Revenue from general industrial abrasives was ¥4,479 million, down 2.8% year on year.」

    General industrial abrasives shifted from a revenue growth trend through the previous fiscal year to a 2.8% year-on-year decline.
  5. FY2024-Q3WorsenedAnnual report

    「Sales of general industrial abrasives were ¥3,365 million, down 6.8% year on year.」

    The rate of decline in revenue widened from the 3.0% year-on-year decline in the previous quarter on a cumulative basis, worsening the impact of the demand environment for general industrial abrasives on performance.
  6. FY2024-Q2WorsenedAnnual report

    「Revenue from general industrial abrasives was ¥2,229 million, down 3.0% year on year.」

    General industrial abrasives, which had posted revenue growth or modest revenue declines through the previous quarter, declined 3.0% year on year on a cumulative basis in the second quarter of the current fiscal year.
  7. FY2024-Q1WorsenedAnnual report

    「Revenue from general industrial abrasives was ¥1,144 million, down 1.5% year on year.」

    General industrial abrasives, which had continued to post revenue growth through the previous fiscal year, declined 1.5% year on year in the first quarter of the current fiscal year.
  8. FY2023-Q3MitigatedAnnual report

    「Sales of general industrial abrasives were ¥3,599 million, up 10.1% year on year.」

    Revenue from general industrial abrasives increased 10.1% year on year, and the impact of lower revenue due to weak demand from the automotive, industrial machinery and other sectors continued to diminish.
  9. FY2023-Q2MitigatedAnnual report

    「For general industrial abrasives, sales were ¥2,338 million, up 9.2% year on year, as demand from the automotive and industrial machinery sectors showed signs of recovery.」

    As demand from the automotive and industrial machinery sectors recovered, revenue from general industrial abrasives increased 9.2% year on year, reducing the impact of weak demand on revenue.
  10. FY2023-Q1MitigatedAnnual report

    「For general industrial abrasives, sales were ¥1,192 million, up 10.0% year on year, as demand from the industrial machinery sector showed signs of recovery.」

    As demand from the industrial machinery sector recovered, revenue from general industrial abrasives increased 10.0% year on year, reducing the impact of weak demand on revenue.
  11. FY2022-Q3MitigatedAnnual report

    「For non-semiconductor-related general industrial abrasives, sales were ¥3,268 million, up 20.3% year on year, as demand from the automotive and industrial machinery sectors showed signs of recovery.」

    As demand from the automotive and industrial machinery sectors recovered, revenue from general industrial abrasives increased 20.3% year on year, reducing the impact of weak demand on performance.
  12. FY2022-Q2MitigatedAnnual report

    「For non-semiconductor-related general industrial abrasives, sales were ¥2,140 million, up 26.0% year on year, as demand from the automotive and industrial machinery sectors showed signs of recovery.」

    As demand from the automotive and industrial machinery sectors recovered, revenue from general industrial abrasives increased 26.0% year on year, reducing the impact of weak demand on performance.
  13. FY2022-Q1MitigatedAnnual report

    「For non-semiconductor-related general industrial abrasives, sales were ¥1,083 million, up 20.4% year on year, as demand from the automotive and industrial machinery sectors showed signs of recovery.」

    As demand from the automotive and industrial machinery sectors recovered, general industrial abrasives turned from a year-on-year revenue decline to revenue growth, reducing the impact of weak demand on performance.
  14. FY2021MitigatedAnnual report

    「For general industrial abrasives unrelated to semiconductors, demand from the automotive and industrial machinery sectors showed signs of recovery, and revenue was ¥3,779 million, up 5.8% year on year.」

    As demand from the automotive and industrial machinery sectors recovered, general industrial abrasives turned from a year-on-year revenue decline in the same period of the previous year to full-year revenue growth of 5.8% year on year.
  15. FY2021-Q3MitigatedAnnual report

    「For non-semiconductor-related general industrial abrasives, sales were ¥2,716 million, up 0.8% year on year.」

    General industrial abrasives, which declined 2.4% year on year in the previous quarter, turned to a 0.8% year-on-year increase on a cumulative basis in the current quarter, reducing the impact on sales. The company did not explicitly state that weak demand had been resolved.
  16. FY2021-Q2First statedAnnual report

    「For non-semiconductor-related general industrial abrasives, sales were ¥1,699 million, down 2.4% year on year, due to weak demand from the automotive and industrial machinery sectors.」

    The company described for the first time, as an independent external demand risk, that weak demand from the automotive and industrial machinery sectors had actually affected performance through lower sales of general industrial abrasives unrelated to semiconductors.
Moved together

"Development of Products for High-Precision Polishing Materials and Power Device Substrates" moved the same way as this thread, in the same document, in 6 of its 16 moves.

665443★123456
  1. ★This thread
  2. 1Development of Products for High-Precision Polishing Materials and Power Device Substrates6×
  3. 2HDD Market Contraction Driven by SSD Substitution and Customer Consolidation6×
  4. 3Risk of surging prices for imported natural resources5×
  5. 4Decline in Sales and Profit Due to the Semiconductor Market Slowdown4×
  6. 5Investment contraction due to China’s economic slowdown and trade friction4×
  7. 6Introduction of the performance-linked stock compensation plan 'Stock Benefit Trust (BBT)'3×

★ 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
Fujimi's next results are scheduled for 2026-11-05. Read the earnings preview
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