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Nichia Steel Works (5658) · FactWorsenedLatest Earnings (2026-07-30): "Reframed"

Loss due to increased sales volumes of rivet, screw and wire products and depreciation expenses

First written in FY2017-Q1. 17 of 36 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-07-30.

36entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2019-Q1 – FY20202016: 220162017: 320172018: 420182019: 420192020: 420202021: 320212022: 420222023: 420232024: 320242025: 220252026: 32026
Same theme, other companies
Depreciation burden from capital investment and deteriorating performance in fastener and wire productsA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

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

Full recordFilings, disclosures and news, newest first
  1. 2026-07-30ReframedEarnings

    「Operating profit declined by ¥3 million, or 8.2%, year on year to ¥39 million, as factors contributing to lower earnings, including lower selling prices, outweighed factors contributing to higher earnings, including increased sales volume.」

    Wire rod products for rivets and bolts recorded higher revenue because of increased sales volume, but operating profit declined because lower selling prices and other factors outweighed the increase in volume.
  2. FY2026WorsenedAnnual report

    「Revenue was ¥6,673 million, down ¥488 million (△6.8%) from the previous fiscal year due to lower sales volumes and selling prices. Operating profit was ¥210 million, down ¥363 million (△63.3%), due to lower sales volumes, higher costs and other factors.」

    Bolt and screw wire products posted lower revenue due to lower sales volumes and selling prices, while operating profit fell 63.3% from the previous fiscal year.
  3. 2026-05-14WorsenedEarnings

    「Operating profit declined by ¥363 million, or 63.3%, year on year to ¥210 million, due to lower sales volume and higher costs, among other factors.」

    Wire rod products for rivets and bolts recorded a substantial decline in profit because of lower sales volume and higher costs.
  4. FY2026-H1WorsenedAnnual report

    「Revenue was ¥3,393 million, down ¥335 million (△9.0%) from the same period of the previous year, as lower sales volumes outweighed improved selling prices in response to higher logistics and labor costs. Operating profit was ¥67 million, down ¥260 million (△79.4%), as lower sales volumes and higher costs outweighed the factors boosting earnings, including improved selling prices.」

    Bolt and screw wire products posted lower revenue due to lower sales volumes, while lower volumes and higher costs outweighed improved selling prices, resulting in a substantial decline in operating profit.
  5. FY2025WorsenedAnnual report

    「Operating profit was ¥574 million, down ¥134 million (△19.0%) from the previous fiscal year, as factors weighing on earnings, including higher costs and lower sales volumes, outweighed factors boosting earnings, including improved selling prices and inventory valuation differences.」

    Bolt and screw wire products improved selling prices, but higher costs and lower sales volumes outweighed this benefit, and operating profit fell 19.0% from the previous fiscal year.
  6. FY2025-H1ReframedAnnual report

    「Revenue was ¥3,728 million, up ¥182 million (5.2%) from the same period of the previous year due to improved selling prices in response to higher primary raw material prices, logistics costs, energy costs and other expenses, as well as higher sales volumes. Operating profit was ¥328 million, down ¥9 million (△2.9%), as factors weighing on earnings, including higher costs, outweighed factors boosting earnings, including improved selling prices, higher sales volumes and inventory valuation differences.」

    Bolt and screw wire products posted higher revenue through increased sales volumes and improved prices, while higher costs outweighed the benefits of improved prices, higher volumes and inventory valuation differences, resulting in lower operating profit.
  7. FY2024WorsenedAnnual report

    「Operating profit was ¥708 million, down ¥243 million (△25.6%) from the previous fiscal year, as factors weighing on earnings, including inventory valuation differences, outweighed factors boosting earnings, including improved selling prices.」

    Bolt and screw wire products posted higher revenue through improved selling prices, but inventory valuation differences and other factors outweighed the earnings benefit of the price improvements, resulting in lower operating profit.
  8. FY2024-Q3RestatedAnnual report

    「Revenue was ¥5,492 million, up ¥325 million (6.3%) from the same period of the previous year, as improved selling prices reflecting higher primary raw material prices and other factors outweighed lower sales volumes. Segment profit was ¥524 million, down ¥209 million (△28.5%), as inventory valuation differences and lower sales volumes outweighed the factors boosting earnings, including improved selling prices.」

    Even with lower sales volumes, bolt and screw wire products posted higher revenue through improved selling prices, while the impact of inventory valuation differences and lower volumes continued to outweigh this benefit, resulting in lower profit.
  9. FY2024-Q2ReframedAnnual report

    「Revenue was ¥3,545 million, up ¥142 million (4.2%) from the same period of the previous year, as improved selling prices reflecting higher primary raw material prices outweighed lower sales volumes. Segment profit was ¥338 million, down ¥143 million (△29.8%), as the impact of inventory valuation differences and lower sales volumes was substantial despite the improvement in selling prices relative to higher primary raw material prices.」

    Bolt and screw wire products shifted from lower revenue and profit in the previous quarter to higher revenue through improved selling prices, while lower sales volumes and inventory valuation differences resulted in lower profit.
  10. FY2024-Q1WorsenedAnnual report

    「Revenue was ¥1,593 million, down ¥20 million (△1.3%) from the same period of the previous year, as lower sales volumes outweighed improved selling prices reflecting higher costs for primary and secondary raw materials, energy and other items. Segment profit was ¥148 million, down ¥63 million (△30.1%), as the factors weighing on earnings, including the aforementioned higher costs, lower sales volumes and inventory valuation differences, outweighed the factors boosting earnings, including improved selling prices.」

    Bolt and screw wire products posted lower revenue and profit, as lower sales volumes, higher costs and inventory valuation differences outweighed improved selling prices.
  11. FY2023AdvancedAnnual report

    「Revenue was ¥6,833 million, up ¥1,013 million (17.4%) from the previous fiscal year due to higher sales volumes and improved selling prices reflecting higher costs for primary and secondary raw materials, energy and other items. Segment profit was ¥952 million, up ¥124 million (15.0%), as the factors boosting earnings, including higher sales volumes, improved selling prices and cost reductions, outweighed the factors weighing on earnings, including the aforementioned higher costs.」

    Bolt and screw wire products continued to post higher annual revenue and profit through increased sales volumes, improved selling prices and cost reductions.
  12. FY2023-Q3RestatedAnnual report

    「Revenue was ¥5,167 million, up ¥773 million (17.6%) from the same period of the previous year due to higher sales volumes and improved selling prices reflecting higher costs for primary and secondary raw materials, energy and other items. Segment profit was ¥733 million, up ¥114 million (18.5%), as the factors boosting earnings, including higher sales volumes and improved selling prices, outweighed the factors weighing on earnings, including higher primary and secondary raw material and energy costs.」

    The trend of higher revenue and profit at bolt and screw wire products through increased sales volumes and improved selling prices has continued.
  13. FY2023-Q2RestatedAnnual report

    「Revenue was ¥3,402 million, up ¥643 million (23.3%) from the same period of the previous year due to improved selling prices reflecting higher costs for primary and secondary raw materials, energy and other items, as well as higher sales volumes. Segment profit was ¥481 million, up ¥129 million (36.9%), as the factors boosting earnings, including higher sales volumes and improved selling prices, outweighed the factors weighing on earnings, including higher primary and secondary raw material and energy costs.」

    The trend of higher revenue and profit at bolt and screw wire products through increased sales volumes and improved selling prices has continued.
  14. FY2023-Q1AdvancedAnnual report

    「Revenue was ¥1,613 million, up ¥318 million (24.6%) from the same period of the previous year due to higher sales volumes and improved selling prices reflecting higher costs for primary and secondary raw materials, energy and other items. Segment profit was ¥212 million, up ¥63 million (42.8%), as the factors boosting earnings, including higher sales volumes and improved selling prices, outweighed the factors weighing on earnings, including higher primary and secondary raw material prices.」

    Bolt and screw wire products posted higher revenue through increased sales volumes and improved selling prices, while segment profit also increased year on year after absorbing the impact of higher raw material prices.
  15. FY2022AdvancedAnnual report

    「Revenue was ¥5,820 million, up ¥1,441 million (32.9%) from the previous fiscal year due to improved selling prices reflecting higher costs for primary and secondary raw materials, energy and other items, as well as higher sales volumes. Segment profit was ¥827 million, up ¥349 million (73.1%), as the factors boosting earnings, including higher sales volumes and improved selling prices, outweighed the factors weighing on earnings, including higher primary and secondary raw material prices.」

    Higher sales volumes and improved prices drove substantial revenue growth, while segment profit also increased after absorbing the impact of higher raw material prices.
  16. FY2022-Q3AdvancedAnnual report

    「Revenue was ¥4,393 million, up ¥1,120 million (34.2%) from the same period of the previous year due to higher sales volumes and improved selling prices reflecting higher primary raw material and energy costs. Segment profit was ¥618 million, up ¥257 million (71.4%), as the factors boosting earnings, including higher sales volumes and improved selling prices, outweighed the factors weighing on earnings, including higher primary raw material prices.」

    Bolt and screw wire products posted higher revenue through increased sales volumes and improved selling prices, while profit growth progressed after absorbing the impact of higher raw material prices.
  17. FY2022-Q2AdvancedAnnual report

    「Revenue was ¥2,759 million, up ¥769 million (38.6%) from the same period of the previous year due to higher sales volumes and improved selling prices reflecting higher primary raw material prices and other factors. Segment profit was ¥352 million, up ¥124 million (54.4%), as earnings improvements from higher sales volumes and improved selling prices outweighed the impact of higher variable and fixed costs.」

    Bolt and screw wire products posted higher revenue through increased sales volumes and improved selling prices, and profit increased after absorbing higher costs.
  18. FY2022-Q1AdvancedAnnual report

    「Revenue was ¥1,294 million, up ¥364 million (39.2%) from the same period of the previous year due to higher sales volumes. Segment profit was ¥148 million, up ¥30 million (26.0%), as earnings improvements from higher sales volumes and other factors outweighed the impact of higher variable and fixed costs.」

    Higher sales volumes drove substantial revenue growth, and segment profit increased year on year after absorbing higher costs.
  19. FY2021RestatedAnnual report

    「Revenue was ¥4,379 million, down ¥1,063 million (△19.5%) from the previous fiscal year, as improved average selling prices resulting from price increases since the previous fiscal year and a more favorable product and customer mix were outweighed by lower sales volumes. Segment profit was ¥478 million, down ¥280 million (△37.0%), as the impact of lower sales volumes outweighed earnings improvements from higher selling prices and cost reductions.」

    Improved average selling prices through price increases and a better product mix continued, but the impact of lower volumes outweighed this benefit, resulting in lower annual revenue and profit.
  20. FY2021-Q2WorsenedAnnual report

    「Revenue was ¥1,990 million, down ¥935 million (△32.0%) from the same period of the previous year, as the benefits of price increases since the previous fiscal year and an improved product mix lifted average selling prices, but sales volumes declined. Segment profit was ¥228 million, down ¥143 million (△38.6%), as the impact of lower sales volumes outweighed earnings improvements from higher selling prices and cost reductions.」

    Despite improved average selling prices, the impact of lower sales volumes outweighed this benefit, and bolt and screw wire products posted lower revenue and profit year on year.
  21. FY2021-Q1WorsenedAnnual report

    「Revenue was ¥929 million, down ¥529 million (△36.3%) from the same period of the previous year, as lower sales volumes outweighed improved average selling prices, including a more favorable product mix. Segment profit was ¥117 million, down ¥47 million (△28.6%), as the impact of lower production and sales volumes outweighed earnings improvements from higher selling prices and cost reductions.」

    Bolt and screw wire products posted lower revenue and profit, as the impact of lower sales volumes outweighed the improvement in average selling prices.
  22. FY2020AdvancedAnnual report

    「Revenue was ¥5,442 million, up ¥333 million (6.5%) from the previous fiscal year, as improved selling prices outweighed lower sales volumes. Segment profit was ¥759 million, up ¥453 million (148.1%), as earnings improvements from higher selling prices, production efficiencies and cost reductions outweighed higher costs resulting from higher primary raw material prices.」

    Revenue increased through improved selling prices despite lower sales volumes, while segment profit rose substantially to ¥759 million through production efficiencies and cost reductions.
  23. FY2020-Q3AdvancedAnnual report

    「Revenue was ¥4,417 million, up ¥577 million (15.0%) from the same period of the previous year due to improved selling prices. Segment profit was ¥614 million, up ¥429 million (231.8%), as earnings improvements from higher selling prices, production efficiencies and cost reductions outweighed higher costs, including higher primary raw material prices.」

    Bolt and screw wire products posted higher revenue through improved selling prices, while production efficiencies and cost reductions outweighed the increase in raw material costs, resulting in substantial profit growth.
  24. FY2020-Q2AdvancedAnnual report

    「Revenue was ¥2,926 million, up ¥500 million (20.7%) from the same period of the previous year due to improved selling prices and higher sales volumes. Segment profit was ¥371 million, up ¥302 million (437.0%), as earnings improvements from higher selling prices, increased volumes, production efficiencies and cost reductions outweighed higher costs, including higher primary raw material prices.」

    Bolt and screw wire products posted substantial increases in revenue and profit through improved selling prices and sales volumes, production efficiencies and cost reductions.
  25. FY2020-Q1AdvancedAnnual report

    「Revenue was ¥1,459 million, up ¥308 million (26.8%) from the same period of the previous year due to improved selling prices and higher sales volumes. Segment profit was ¥165 million, up ¥147 million (816.9%), as earnings improvements from higher selling prices, increased volumes, production efficiencies and cost reductions outweighed higher costs, including higher primary raw material prices.」

    Bolt and screw wire products posted substantial increases in revenue and profit through improved selling prices and sales volumes, production efficiencies and cost reductions.
  26. FY2019AdvancedAnnual report

    「Revenue was ¥5,109 million, up ¥1,228 million (31.7%) from the previous fiscal year due to improved selling prices and higher sales volumes. Segment profit was ¥305 million, up ¥269 million (739.1%), as earnings improvements from higher selling prices and increased volumes outweighed higher costs resulting from higher primary raw material prices.」

    Bolt and screw wire products posted substantial annual increases in revenue and profit through improved selling prices and sales volumes.
  27. FY2019-Q3AdvancedAnnual report

    「Revenue was ¥3,839 million, up ¥859 million (28.9%) from the same period of the previous year due to improved selling prices and higher sales volumes. Segment profit was ¥185 million, up ¥149 million (422.6%), as earnings improvements from higher selling prices and increased volumes outweighed higher costs resulting from higher primary raw material prices.」

    Bolt and screw wire products saw further increases in revenue and profit through improved selling prices, higher sales volumes and earnings improvements.
  28. FY2019-Q2AdvancedAnnual report

    「Revenue was ¥2,425 million, up ¥484 million (25.0%) from the same period of the previous year due to improved selling prices and higher sales volumes. Segment profit was ¥69 million, up ¥46 million (203.4%), as earnings improvements from higher selling prices, increased volumes and cost reductions outweighed higher costs, including higher primary raw material prices.」

    Bolt and screw wire products continued to post higher revenue and profit through improved selling prices, increased sales volumes and cost reductions.
  29. FY2019-Q1AdvancedAnnual report

    「Revenue was ¥1,150 million, up ¥215 million (23.0%) from the same period of the previous year due to higher sales volumes and improved selling prices. Segment profit was ¥18 million, up ¥8 million (93.5%), as earnings improvements from higher selling prices, increased volumes and cost reductions outweighed higher costs, including higher primary raw material prices.」

    Bolt and screw wire products posted higher revenue and profit through improved sales volumes and prices and cost reductions.
  30. FY2018RestatedAnnual report

    「Revenue was ¥3,880 million, up ¥44 million (1.2%) from the previous fiscal year due to improved selling prices, including a more favorable product mix. Segment profit was ¥36 million, down ¥46 million (△56.2%), as surging wire rod prices and other factors outweighed positive factors, including improved selling prices, various cost improvements and inventory valuation gains.」

    The annual results also confirmed the pattern of higher revenue from improved selling prices and other factors, while profit declined year on year due to surging wire rod prices.
  31. FY2018-Q3RestatedAnnual report

    「Revenue was ¥2,979 million, up ¥40 million (1.4%) from the same period of the previous year due to improved selling prices, including a more favorable product mix. Segment profit was ¥35 million, down ¥46 million (△56.6%), as surging wire rod prices and other factors outweighed positive factors, including improved selling prices, various cost improvements and inventory valuation gains.」

    The same pattern as in the previous quarter continued: revenue increased through improved selling prices and other factors, while profit declined year on year due to surging wire rod prices.
  32. FY2018-Q2ReframedAnnual report

    「Revenue was ¥1,940 million, up ¥32 million (1.7%) from the same period of the previous year due to improved selling prices, including a more favorable product mix. Segment profit was ¥22 million, down ¥19 million (△46.5%), as surging wire rod prices and other factors outweighed the positive impact of improved selling prices.」

    The explanation has shifted from the previous focus on higher sales volumes and depreciation expenses to higher revenue from an improved product mix and selling prices, and pressure on profit from surging wire rod prices.
  33. FY2018-Q1AdvancedAnnual report

    「Revenue was ¥935 million, up ¥138 million (17.3%) from the same period of the previous year due to higher sales volumes, improved average selling prices and other factors. Despite adverse factors, including surging wire rod prices, segment profit was ¥9 million, an improvement of ¥15 million from the same period of the previous year, when the segment posted a ¥6 million loss, due to improved sales volumes and prices.」

    Revenue increased due to higher sales volumes and improved average selling prices, while segment profit turned from a ¥6 million loss in the same period of the previous year to a ¥9 million profit.
  34. FY2017-Q3AdvancedAnnual report

    「Revenue was ¥2,938 million, up ¥120 million (4.3%) from the same period of the previous year due to higher sales volumes. Segment profit was ¥81 million, up ¥61 million (310.0%), as positive factors, including lower energy costs and lower procurement prices for primary raw materials, outweighed the increase in depreciation expenses resulting from capital investment through the previous fiscal year.」

    Revenue continued to increase on higher sales volumes, while segment profit rose from ¥19 million in the same period of the previous year to ¥81 million.
  35. FY2017-Q2AdvancedAnnual report

    「Revenue was ¥1,907 million, up ¥188 million (11.0%) from the same period of the previous year due to higher sales volumes. Segment profit was ¥42 million, up ¥31 million (287.2%), as positive factors, including higher sales volumes and lower energy costs, outweighed the increase in depreciation expenses resulting from capital investment through the previous fiscal year.」

    Revenue continued to increase on higher sales volumes, while segment profit rose from ¥11 million in the same period of the previous year to ¥42 million, moving from a loss-making position to a level at which profit was secured.
  36. FY2017-Q1First statedAnnual report

    「Revenue was ¥797 million, up ¥71 million (9.9%) from the same period of the previous year due to higher sales volumes. Segment loss was ¥6 million, a deterioration of ¥10 million from the same period of the previous year, when the segment posted a ¥4 million profit, due mainly to higher depreciation expenses associated with capital investment through the previous fiscal year.」

    Sales volumes increased, but higher depreciation expenses associated with capital investment are weighing on profit.
Moved together

"Initiatives to Improve Profitability" moved the same way as this thread, in the same document, in 26 of its 36 moves.

262115131313★123456
  1. ★This thread
  2. 1Initiatives to Improve Profitability26×
  3. 2Operating Profit Turns Profitable Despite Lower Sales, While Ordinary Profit and Net Income Decline21×
  4. 3Decline in revenue and profit due to weaker demand for ordinary wire products in civil engineering and lower public-sector budgets15×
  5. 4Increase in Depreciation Expense Associated with Capital Investment in Prior Years13×
  6. 5Recognition of Demolition and Removal Costs as an Extraordinary Loss13×
  7. 6Recognition of Losses on Disposal and Sale of Fixed Assets as Extraordinary Losses13×

★ 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
No upcoming earnings preview for Nichia Steel Works yet. It last moved in the Earnings of 2026-07-30: "Reframed".
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Loss due to increased sales volumes of rivet, screw and wire products and depreciation expenses | NICHIA STEEL WORKS,LTD. (5658) | Komori