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Pacific Metals (5541) · InitiativeRestated

Restoration of 1 furnace following molten material leakage accident

First written in FY2022. 2 of 5 entries say "Restated". Latest entry: FY2023.

5entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022 – FY2023-Q1SoftenedFY2023-Q2 – FY2023-Q32022: 320222023: 22023
Same theme, other companies
Furnace recovery and resumption of operations following an electric-furnace molten-material leakA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2023RestatedAnnual report

    「Ferronickel production volumes decreased from the previous consolidated fiscal year due to the impact of the molten-material leakage accident at an electric furnace and other factors. Recovery of the 1 affected production facility and the restart of operations are expected in the following consolidated fiscal year, and operations are scheduled to restart once the policy of restricting production volumes is lifted, while monitoring the business environment.」

    The company has reaffirmed its plan to recover and restart operations at 1 electric furnace in the following fiscal year, with the lifting of the policy of restricting production volumes as a condition for the restart.
  2. FY2023-Q3SoftenedAnnual report

    「Recovery of the 1 affected production facility, which had been expected during the third quarter of the current consolidated fiscal year, has changed to the following consolidated fiscal year. The timing of the restart of operations remains the following consolidated fiscal year. Operations are scheduled to restart once the policy of restricting production volumes is lifted, while monitoring the business environment.」

    Recovery of the 1 electric furnace itself has been postponed from the third quarter of the current fiscal year to the following consolidated fiscal year. The timing of the restart of operations also remains the following fiscal year, subject to the lifting of the policy of restricting production volumes.
  3. FY2023-Q2SoftenedAnnual report

    「Because we shifted our policy toward restricting production volumes, the restart of operations, which had been expected in the third quarter of the current consolidated fiscal year, has changed to the following consolidated fiscal year. We plan to restart operations once the policy of restricting production volumes is lifted, while monitoring the business environment, and expect to restore the production equipment itself to an operable condition during the third quarter of the current consolidated fiscal year.」

    Although the 1 electric furnace itself is expected to be restored to an operable condition during the third quarter of the current fiscal year, the restart of operations has been postponed from the third quarter of the current fiscal year to the following consolidated fiscal year.
  4. FY2023-Q1RestatedAnnual report

    「Recovery of the 1 affected production facility is scheduled for the third quarter of the current consolidated fiscal year, as delivery times for components and other items have been extended for a prolonged period due to supply chain disruptions and other factors.」

    The company has reaffirmed its plan to recover 1 of the 3 electric furnaces in the third quarter of the current consolidated fiscal year. Extended component delivery times continue.
  5. FY2022First statedAnnual report

    「During repairs to 1 of the 3 electric furnaces, molten material remaining inside the furnace leaked outside it. As a result, 1 electric furnace remains shut down, with recovery scheduled for the third quarter of the following consolidated fiscal year.」

    1 of the 3 electric furnaces was shut down following the accident, and recovery is scheduled for the third quarter of the following fiscal year in view of extended component delivery times caused by supply chain disruptions.
Moved together

"Earnings pressured by weak LME nickel prices and high nickel ore prices" moved the same way as this thread, in the same document, in 2 of its 5 moves.

2222★1234
  1. ★This thread
  2. 1Earnings pressured by weak LME nickel prices and high nickel ore prices2×
  3. 2Increase in cost due to declining inventory profitability2×
  4. 3Rising Energy Prices and Manufacturing Costs Due to the Situation in Ukraine2×
  5. 4Weak sales in the real estate business and sluggish orders in the waste recycling business2×

★ 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.

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Restoration of 1 furnace following molten material leakage accident | PACIFIC METALS CO.,LTD. (5541) | Komori