Nichia Steel Works (5658) · FactDropped
Decline in sales volume of ordinary wire rod products associated with a resolution to dissolve an overseas subsidiary
First written in FY2020-Q3. 1 of 3 entries say "Restated". Latest entry: FY2021.
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Reduction in product sales volumes following the dissolution of an overseas subsidiaryA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2021DroppedAnnual reportThe annual performance discussion for ordinary wire rod products in FY2021 did not identify the decline in sales volumes following the dissolution of an overseas subsidiary as a factor behind lower revenue.
- FY2020RestatedAnnual report
「Although domestic sales volumes increased and the average selling price improved, sales declined by ¥301 million, or 2.9%, from the previous fiscal year to ¥10,001 million due to lower sales volumes following the dissolution of an overseas subsidiary.」
The decline in sales volumes following the dissolution of an overseas subsidiary was confirmed as a factor behind the annual decrease in revenue from ordinary wire rod products. - FY2020-Q3First statedAnnual report
「Although domestic sales volumes increased and the average selling price improved, sales declined by ¥242 million, or 3.2%, year on year to ¥7,321 million due to lower sales volumes following the decision to dissolve an overseas subsidiary.」
The decline in sales volumes following the decision to dissolve an overseas subsidiary was identified for the first time as a factor behind lower revenue from ordinary wire rod products.