Dependence on Ferronickel Products
First written in FY2016. 17 of 27 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 48 companies on the "Worse" side.
24 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Ferronickel product sales account for most of the Group's business revenue」
The Company continues to disclose its dependence on ferronickel products. - FY2025-H1RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw inventories accumulate at high levels as construction and other demand declined amid the slump in China's property market. Some adjustments were also seen, operating rates at production facilities varied overall, and conditions lacked momentum.」
On the premise that the nickel business accounts for most of revenue and profit or loss, the Company reconfirms high inventory levels among the main sources of demand, production adjustments and differences in operating rates at production facilities. - FY2024RestatedAnnual report
「Ferronickel product sales account for most of the Group's business revenue」
The Company reconfirms the business structure's dependence on ferronickel products for most of its revenue. - FY2024-Q3RestatedAnnual report
「The stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, was operating at high rates in China on expectations of an economic recovery, but actual demand remained weak as expectations ran ahead of fundamentals and inventories accumulated at high levels. Intermittent adjustments were also seen in some areas, operating rates at production facilities varied overall, and conditions lacked momentum.」
On the premise that the nickel business accounts for most of revenue and profit or loss, the Company reconfirms weak actual demand, high inventory levels and differences in operating rates among the main sources of demand. - FY2024-Q2WorsenedAnnual report
「The stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw operating rates in China improve on expectations of an economic recovery, but actual demand remained weak as expectations ran ahead of fundamentals and inventories accumulated at high levels. Intermittent adjustments were also seen across the market, operating rates at production facilities varied overall, and conditions lacked momentum.」
For the stainless steel industry on which most of revenue and profit or loss depends, weak actual demand, high inventory levels and differences in operating rates were explicitly identified, indicating increasingly difficult demand conditions. - FY2023RestatedAnnual report
「Ferronickel product sales account for most of the Group's business revenue」
The Company reconfirms the business structure's dependence on ferronickel products for most of its revenue. - FY2022RestatedAnnual report
「Ferronickel product sales account for most of the Group's business revenue」
The Company reconfirms the business structure's dependence on ferronickel products for most of its revenue. - FY2022-Q3RestatedAnnual report
「The stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, continued to face uncertainty over the impact of the infectious disease and China's power restrictions, among other factors. However, demand showed signs of recovery as economic activity moved toward normalization, and operating rates at production facilities and elsewhere remained generally firm.」
The Company states that, while the dependence on the nickel business for most of revenue and profit or loss continued, demand among the main sources of demand recovered and operating rates at production facilities remained generally firm. - FY2022-Q2MitigatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, continued to face uncertainty over the impact of the infectious disease and production trends among major overseas producers. However, demand showed signs of recovery as economic activity moved toward normalization, and operating rates at production facilities and elsewhere remained firm.」
Although the dependence on the nickel business for most of revenue and profit or loss continued, the difficult business environment through the previous quarter improved as demand among the main sources of demand recovered and operating rates at production facilities remained firm. - FY2022-Q1MitigatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, continued to face uncertainty over the impact of the infectious disease and production trends among major overseas producers. However, demand showed signs of recovery as economic activity moved toward normalization, operating rates at production facilities and elsewhere were recovering, and conditions remained firm.」
Although the dependence on the nickel business for most of revenue and profit or loss continued, the business environment improved from the previous quarter as demand among the main sources of demand recovered and operating rates at production facilities improved. - FY2021-Q3WorsenedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, showed signs of recovery in some areas but continued to strengthen its focus on profitability due to higher raw material prices. In addition, operating conditions remained uncertain because the operating status of major overseas producers had a significant impact on production activity across the industry, while demand contracted sharply due to the infectious disease, resulting in generally difficult conditions.」
While dependence on the nickel business continued, the main sources of demand faced uncertainty over the operating status of major overseas producers, compounded by a sharp contraction in demand due to the infectious disease, resulting in difficult conditions. - FY2021-Q1WorsenedAnnual report
「The stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, continued to strengthen its focus on profitability due to higher raw material prices. In addition, operating conditions remained uncertain because the operating status of major overseas producers had a significant impact on production activity across the industry, while demand contracted sharply due to the impact of COVID-19, resulting in difficult conditions.」
While the dependence on the nickel business continued, operating conditions among the main sources of demand remained uncertain, and demand contracted sharply due to the infectious disease, making the business environment more difficult. - FY2020WorsenedAnnual report
「Furthermore, after the start of the fourth quarter, uncertainty in the business environment increased as the spread of COVID-19 began to affect operating conditions.」
While the dependence structure in which the nickel business accounts for most of revenue and profit or loss continued, the impact of the infectious disease emerged in operating conditions among the main sources of demand, increasing uncertainty. - FY2020-Q3WorsenedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, strengthened its focus on profitability in response to higher raw material prices associated with rising LME nickel prices. Although it maintained a certain level of operations, some production adjustments were seen as large volumes of stainless steel products from overseas producers flowed into the market, increasing uncertainty in the business environment.」
The Company states that, while the nickel business continued to account for most of revenue and profit or loss, the main sources of demand continued to respond to higher raw material prices and adjust production due to inflows of overseas products, increasing uncertainty in the business environment. - FY2020-Q2Production adjustments continued among the main sources of demand, and demand remained sluggish.Annual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, maintained a certain level of operations and firm orders, although production activity underwent adjustments, partly due to the impact of large inflows of stainless steel products from some overseas producers into the market.」
While the nickel business continued to account for most of revenue and profit or loss, the stainless steel industry, the main source of demand, maintained a certain level of operations and firm orders, although production activity underwent adjustments. - FY2020-Q1RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw adjustments to production activity, partly due to the impact of large inflows of stainless steel products from some overseas producers into the market, but maintained a certain level of operations and continued to receive firm orders.」
The nickel business continued to account for most of revenue and profit or loss. Although production adjustments were seen among the main sources of demand, a certain level of operations and firm orders were maintained. - FY2019-Q3RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw some adjustments to production activity, but operations were generally stable and orders remained firm.」
The Company reconfirms the business structure in which the nickel business accounts for most of revenue and profit or loss. - FY2019-Q2RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw some adjustments to production activity but generally maintained good operating rates; orders remained firm and conditions remained stable.」
The Company reconfirms the business structure in which the nickel business accounts for most of revenue and profit or loss. - FY2019-Q1RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw some adjustments to production activity but generally maintained good operating rates; orders remained firm and conditions remained stable.」
The Company reconfirms the business structure in which the nickel business accounts for most of revenue and profit or loss. - FY2018-Q3RestatedAnnual report
「We believe that the sources of our corporate value are: ① proprietary smelting technology as a dedicated ferronickel producer, together with the skills and expertise of individual employees that support it; ② high productivity based on production facilities and the capabilities of individual employees; and ③ relationships of trust with customers and raw material suppliers for ferronickel.」
The Company reconfirms its dependence on the smelting technology, productivity and relationships of trust with business partners associated with its ferronickel-focused business for most of its enterprise value. - FY2018-Q2RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw differences in operating rates in Japan and overseas and some adjustments to production activity, but orders remained firm and conditions remained stable.」
The Company reconfirms the business structure in which the nickel business accounts for most of revenue and profit or loss. - FY2018-Q1RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw differences in operating rates in Japan and overseas and some adjustments to production activity, but orders remained firm and conditions remained stable.」
The Company reconfirms the business structure in which the nickel business accounts for most of revenue and profit or loss. - FY2017RestatedAnnual report
「The stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw differences in operating rates in Japan and overseas, but orders remained firm and conditions remained stable.」
The Company reconfirms the business structure in which the nickel business accounts for most of revenue and profit or loss. - FY2017-Q3RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw differences in operating rates in Japan and overseas, but orders remained firm and conditions remained stable.」
The Company reconfirms the business structure in which the nickel business accounts for most of revenue and profit or loss. - FY2017-Q2RestatedAnnual report
「Under these conditions, the stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw differences in operating rates in Japan and overseas, but orders remained firm and conditions were generally flat.」
The Company reconfirms the business structure in which the nickel business accounts for most of revenue and profit or loss. - FY2017-Q1RestatedAnnual report
「The stainless steel industry, the main source of demand for the nickel business that accounts for most of the Group's revenue and profit or loss, saw differences in operating rates in Japan and overseas, but orders remained firm and conditions were generally flat.」
The Company reconfirms that the nickel business accounts for most of its revenue and profit or loss. - FY2016First statedAnnual report
「The risks that could affect the Group's business results and other aspects of performance are limited to the following risks, given that ferronickel products account for most of the Company's business.」
The Company explicitly identifies the concentration of most of its business in ferronickel products as the premise for its risk disclosures.