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Nichia Steel Works (5658) · FactAdvanced

Decline in revenue and profit due to weaker demand for ordinary wire products in civil engineering and lower public-sector budgets

First written in FY2017-Q1. 22 of 36 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-07-30.

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ProgressHeldSoftenedWorseAdvancedFY2017-Q2 – FY2019-Q1AdvancedFY2025 – 2026-07-302016: 220162017: 320172018: 420182019: 420192020: 420202021: 320212022: 420222023: 420232024: 320242025: 220252026: 32026
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  1. 2026-07-30AdvancedEarnings

    「Operating profit increased by ¥37 million, or 620.8%, year on year to ¥43 million, as factors contributing to higher earnings, including increased sales volume, outweighed factors contributing to lower earnings, including lower selling prices.」

    Ordinary wire rod products recorded higher revenue, and operating profit increased substantially because higher sales volume and other factors outweighed the decline in selling prices.
  2. FY2026AdvancedAnnual report

    「Operating profit increased by ¥185 million, or 59.4%, from the previous fiscal year to ¥498 million, as profit-enhancing factors such as selling-price revisions outweighed profit-reducing factors such as lower sales volumes.」

    Ordinary wire products generated lower revenue due to lower sales volumes, but operating profit increased 59.4% from the previous fiscal year as selling-price revisions and other factors outweighed the decline in volumes.
  3. 2026-05-14AdvancedEarnings

    「Operating profit increased by ¥185 million, or 59.4%, year on year to ¥498 million, as factors contributing to higher earnings, including improvements in selling prices, outweighed factors contributing to lower earnings, including the decline in sales volume.」

    Ordinary wire rod products recorded lower revenue, but the increase in operating profit was greater than in the previous fiscal year because of improvements in selling prices and other factors.
  4. FY2026-H1AdvancedAnnual report

    「Revenue fell by ¥241 million, or 5.5%, year on year to ¥4,180 million, as lower sales volumes outweighed selling-price revisions made in response to higher logistics, labor and other costs. Operating profit increased by ¥13 million, or 11.8%, year on year to ¥129 million, as profit-enhancing factors such as selling-price revisions outweighed profit-reducing factors such as lower sales volumes and higher costs.」

    Ordinary wire products generated lower revenue due to lower sales volumes, but operating profit increased 11.8% year on year as selling-price revisions and other factors outweighed lower volumes and higher costs.
  5. FY2025AdvancedAnnual report

    「Operating profit increased by ¥99 million, or 46.8%, from the previous fiscal year to ¥312 million, as profit-enhancing factors such as selling-price revisions and inventory valuation differences outweighed profit-reducing factors such as higher costs and lower sales volumes.」

    Ordinary wire products generated lower revenue due to lower sales volumes, but operating profit increased 46.8% year on year as selling-price revisions and inventory valuation differences outweighed higher costs and lower volumes.
  6. FY2025-H1ReframedAnnual report

    「Revenue fell by ¥83 million, or 1.9%, year on year to ¥4,422 million, as lower sales volumes outweighed selling-price revisions made in response to higher prices for key and auxiliary raw materials, logistics and energy. Operating profit increased by ¥55 million, or 91.8%, year on year to ¥116 million, as profit-enhancing factors such as selling-price revisions and inventory valuation differences outweighed profit-reducing factors such as higher costs and lower sales volumes.」

    Ordinary wire products generated lower revenue due to lower sales volumes, but operating profit increased substantially as selling-price revisions and inventory valuation differences outweighed higher costs and lower volumes.
  7. FY2024ReframedAnnual report

    「Operating profit fell by ¥37 million, or 15.1%, from the previous fiscal year to ¥213 million, as profit-reducing factors such as inventory valuation differences and lower sales volumes outweighed profit-enhancing factors such as selling-price revisions.」

    Ordinary wire products saw revenue increase by 1.7% through selling-price revisions, but the impact of inventory valuation differences and lower sales volumes outweighed this benefit, resulting in a decline in annual operating profit.
  8. FY2024-Q3AdvancedAnnual report

    「Revenue increased by ¥181 million, or 2.7%, year on year to ¥7,029 million, driven by selling-price revisions reflecting higher key raw-material prices and other costs. Segment profit increased by ¥9 million, or 6.5%, year on year to ¥151 million, as profit-enhancing factors such as selling-price revisions outweighed profit-reducing factors such as inventory valuation differences and lower sales volumes.」

    Ordinary wire products generated higher revenue and profit, as the improvement in selling prices outweighed the impact of inventory valuation differences and lower sales volumes. Revenue was ¥7,029 million and segment profit was ¥151 million.
  9. FY2024-Q2AdvancedAnnual report

    「Revenue increased by ¥339 million, or 8.1%, year on year to ¥4,506 million, driven by selling-price revisions reflecting higher key raw-material prices. Segment profit increased by ¥21 million, or 54.4%, year on year to ¥60 million, as profit-enhancing factors such as selling-price revisions outweighed profit-reducing factors such as inventory valuation differences and lower sales volumes.」

    Despite profit-reducing factors such as lower sales volumes, ordinary wire products generated higher revenue and profit as the improvement in selling prices outweighed them. Segment profit increased from ¥39 million in the same period of the previous year to ¥60 million.
  10. FY2024-Q1AdvancedAnnual report

    「Revenue increased by ¥198 million, or 10.1%, year on year to ¥2,158 million, driven by selling-price revisions reflecting higher costs for key and auxiliary raw materials, energy and other inputs. Segment profit increased by ¥8 million, or 76.7%, year on year to ¥20 million, as profit-enhancing factors such as selling-price revisions outweighed profit-reducing factors such as the above-mentioned cost increases and inventory valuation differences.」

    Ordinary wire products generated higher revenue and profit, as the improvement in prices outweighed higher costs and inventory valuation differences. Profit increased from ¥11 million in the same period of the previous year to ¥20 million.
  11. FY2023WorsenedAnnual report

    「Segment profit fell by ¥610 million, or 70.9%, from the previous fiscal year to ¥251 million, as profit-reducing factors such as the cost increases noted above, lower sales volumes and inventory valuation differences outweighed profit-enhancing factors such as selling-price revisions and cost reductions.」

    Ordinary wire products generated higher revenue through selling-price revisions, but the impact of higher costs, lower sales volumes and inventory valuation differences outweighed this benefit, resulting in a substantial decline in segment profit.
  12. FY2023-Q3RestatedAnnual report

    「Segment profit declined ¥616 million (81.3%) to ¥141 million year on year, as factors reducing profit, including higher primary and secondary raw-material and energy costs and lower sales volumes, exceeded factors increasing profit, including improved selling prices and cost reductions.」

    Although ordinary wire products are being improved through selling-price revisions and cost reductions, the impact of higher raw-material and energy costs and lower sales volumes outweighed these efforts, resulting in a substantial year-on-year decline in profit.
  13. FY2023-Q2WorsenedAnnual report

    「Although selling prices improved in response to higher primary and secondary raw-material and energy costs, revenue declined ¥26 million (0.6%) to ¥4,167 million year on year due to lower sales volumes. Segment profit declined ¥422 million (91.5%) to ¥39 million, as factors reducing profit, including higher primary and secondary raw-material and energy costs and lower sales volumes, exceeded factors increasing profit, including improved selling prices and cost reductions.」

    Ordinary wire products turned from higher revenue in the previous quarter to lower revenue, while higher raw-material and energy costs and lower sales volumes outweighed improved prices and cost reductions, resulting in a substantial decline in segment profit.
  14. FY2023-Q1WorsenedAnnual report

    「Although sales volumes declined, revenue increased ¥41 million (2.2%) year on year to ¥1,960 million due to improved selling prices reflecting higher primary and secondary raw-material and energy costs. Segment profit declined ¥193 million (94.4%) to ¥11 million, as factors reducing profit, including higher primary and secondary raw-material prices and lower sales volumes, exceeded factors increasing profit, including improved selling prices and cost reductions.」

    Ordinary wire products recorded higher revenue due to improved prices, but segment profit declined substantially as the effects of higher raw-material prices and lower sales volumes outweighed the benefits of improved prices and cost reductions.
  15. FY2022ReframedAnnual report

    「Revenue edged down ¥42 million (0.5%) to ¥8,830 million from the previous fiscal year, as lower sales volumes offset improved selling prices reflecting higher primary and secondary raw-material and energy costs. Segment profit increased ¥18 million (2.2%) to ¥862 million, as factors increasing profit, including improved selling prices, inventory valuation gains and cost reductions, exceeded factors reducing profit, including higher primary and secondary raw-material prices and lower sales volumes.」

    Although annual revenue edged down due to lower sales volumes, improved selling prices, inventory valuation gains and cost reductions outweighed higher raw-material prices and other factors, resulting in higher segment profit.
  16. FY2022-Q3AdvancedAnnual report

    「Revenue was ¥6,735 million, up ¥376 million (5.9%) year on year, due to improved selling prices reflecting higher primary and secondary raw-material and energy costs. Segment profit increased ¥224 million (42.1%) to ¥758 million, as factors increasing profit, including improved selling prices, product inventory valuation gains and cost reductions, exceeded factors reducing profit, including higher primary and secondary raw-material prices.」

    Ordinary wire products maintained the previous year’s increases in revenue and earnings through improved selling prices, product inventory valuation gains and cost reductions, with both revenue and segment profit increasing.
  17. FY2022-Q2AdvancedAnnual report

    「Revenue was ¥4,194 million, up ¥296 million (7.6%) year on year, due to improved selling prices reflecting higher primary and secondary raw-material prices and higher sales volumes. Segment profit increased ¥191 million (71.1%) to ¥462 million, as earnings improvements from higher selling prices and cost reductions exceeded the effects of higher primary and secondary raw-material prices.」

    Ordinary wire products recorded higher revenue due to improved selling prices and higher sales volumes, while earnings increased as cost reductions and other factors outweighed the impact of higher raw-material prices.
  18. FY2022-Q1AdvancedAnnual report

    「Segment profit increased ¥52 million (34.3%) to ¥205 million, as earnings improvements from higher selling prices and cost reductions exceeded the effects of higher primary and secondary raw-material prices and lower sales volumes.」

    Although revenue was nearly flat but lower due to lower volumes for fences and other products, improved selling prices and cost reductions outweighed the impact of lower volumes, resulting in higher segment profit.
  19. FY2021RestatedAnnual report

    「Although average selling prices improved due to a favorable product and customer mix, revenue declined ¥1,128 million (11.3%) to ¥8,872 million from the previous fiscal year due to lower sales volumes for construction and other customers. Segment profit declined ¥51 million (5.8%) to ¥843 million, as the impact of lower sales volumes exceeded earnings improvements from higher selling prices and cost reductions.」

    Although average selling prices improved and costs continued to decline, lower volumes for construction and other customers outweighed these factors, resulting in lower revenue and earnings for the fiscal year.
  20. FY2021-Q2WorsenedAnnual report

    「Although average selling prices increased due to an improved product and customer mix and the effect of price increases since the previous fiscal year, revenue declined ¥792 million (16.9%) to ¥3,898 million year on year due to lower sales volumes for construction and other customers. Segment profit declined ¥45 million (14.5%) to ¥270 million, as the impact of lower sales volumes exceeded earnings improvements from higher selling prices and reductions in variable and fixed costs.」

    From higher earnings in the previous quarter, ordinary wire products turned to lower revenue and earnings in the current quarter, as the impact of lower volumes exceeded the benefits of improved selling prices and cost reductions.
  21. FY2021-Q1ReframedAnnual report

    「Although the product mix improved and average selling prices increased, revenue declined ¥328 million (14.6%) to ¥1,920 million year on year due to lower sales volumes for construction and other customers. Segment profit increased ¥15 million (11.4%) to ¥152 million, as earnings improvements from higher selling prices and cost reductions exceeded the effect of lower production and sales volumes.」

    Ordinary wire products recorded lower revenue due to lower volumes, while improved selling prices and cost reductions outweighed the impact of lower volumes, resulting in higher segment profit.
  22. FY2020RestatedAnnual report

    「Although domestic sales volumes increased and average selling prices improved, revenue declined ¥301 million (2.9%) to ¥10,001 million from the previous fiscal year due to lower sales volumes following the dissolution of an overseas subsidiary. Segment profit increased ¥306 million (52.0%) to ¥895 million due to the effects of the dissolution of the overseas subsidiary and earnings improvements from higher selling prices and cost reductions.」

    For the fiscal year, lower volumes associated with the dissolution of an overseas subsidiary reduced revenue, while improved domestic volumes and average selling prices and cost reductions increased earnings.
  23. FY2020-Q3ReframedAnnual report

    「Although domestic sales volumes increased and average selling prices improved, revenue declined ¥242 million (3.2%) to ¥7,321 million due to lower sales volumes following the resolution to dissolve an overseas subsidiary. Segment profit increased ¥136 million (28.3%) to ¥618 million due to the elimination of the overseas subsidiary’s loss in the same period of the previous year, as well as earnings improvements from higher selling prices, higher production and cost reductions.」

    Ordinary wire products recorded lower revenue due to lower volumes following the resolution to dissolve an overseas subsidiary, despite higher domestic volumes and improved average selling prices. Earnings increased due mainly to the elimination of the overseas subsidiary’s loss in the same period of the previous year.
  24. FY2020-Q2AdvancedAnnual report

    「Revenue was ¥4,690 million, up ¥226 million (5.1%) year on year, due to higher sales volumes for construction and civil engineering customers and improved selling prices. Segment profit increased ¥115 million (57.4%) to ¥315 million, as earnings improvements from higher volumes, improved selling prices, higher production and cost reductions exceeded the increase in costs, including higher primary raw-material prices.」

    Higher volumes for construction and civil engineering customers, improved selling prices, the benefits of higher production and cost reductions resulted in higher revenue and earnings for ordinary wire products.
  25. FY2020-Q1AdvancedAnnual report

    「Revenue was ¥2,248 million, up ¥90 million (4.2%) year on year, due to higher sales volumes for construction and civil engineering customers and improved selling prices. Segment profit increased ¥32 million (31.1%) to ¥137 million, as earnings improvements from higher volumes, improved selling prices, higher production and cost reductions exceeded the increase in costs, including higher primary raw-material prices.」

    Ordinary wire products recorded higher revenue and earnings due to higher volumes for construction and civil engineering customers, improved prices, the benefits of higher production and cost reductions.
  26. FY2019AdvancedAnnual report

    「Revenue was ¥10,302 million, up ¥598 million (6.2%) from the previous fiscal year, due to improved selling prices and higher sales volumes for domestic manufacturing customers. Segment profit increased ¥36 million (6.7%) to ¥588 million, as earnings improvements from higher selling prices, higher volumes and cost reductions exceeded the increase in costs, including higher primary raw-material prices.」

    Ordinary wire products recorded higher revenue and earnings for the fiscal year due to improved selling prices, higher volumes for domestic manufacturing customers and cost reductions.
  27. FY2019-Q3AdvancedAnnual report

    「Revenue was ¥7,564 million, up ¥492 million (7.0%) year on year, due to improved selling prices and higher sales volumes for domestic manufacturing customers. Segment profit increased ¥33 million (7.6%) to ¥482 million, as earnings improvements from higher selling prices, higher volumes and cost reductions exceeded the increase in costs, including higher primary raw-material prices.」

    Ordinary wire products recorded higher revenue and earnings due to improved selling prices, higher volumes for domestic manufacturing customers and cost reductions. Earnings also improved from the previous quarter’s higher revenue but lower earnings.
  28. FY2019-Q2ReframedAnnual report

    「Revenue was ¥4,464 million, up ¥214 million (5.1%) year on year, due to improved selling prices and higher sales volumes for domestic manufacturing customers. Despite earnings improvements from higher selling prices and cost reductions, segment profit declined ¥7 million (3.7%) to ¥200 million due to higher costs, including higher primary and secondary raw-material prices, and lower inventory valuation gains.」

    Ordinary wire products recorded higher revenue due to improved selling prices and higher volumes for domestic manufacturing customers, while segment profit declined due to higher raw-material prices and lower inventory valuation gains.
  29. FY2019-Q1AdvancedAnnual report

    「Revenue was ¥2,158 million, up ¥114 million (5.6%) year on year, due to improved selling prices and higher sales volumes for domestic manufacturing customers. Segment profit increased ¥21 million (26.3%) to ¥104 million, as earnings improvements from higher selling prices and cost reductions exceeded the increase in costs, including higher primary and secondary raw-material prices.」

    Ordinary wire products recorded higher revenue and earnings due to higher volumes for domestic manufacturing customers, improved selling prices and cost reductions.
  30. FY2018AdvancedAnnual report

    「Revenue was ¥9,703 million, up ¥942 million (10.8%) from the previous fiscal year due to higher sales volumes for construction and manufacturing customers and improved selling prices. Despite adverse factors including higher wire-rod and zinc prices, segment profit increased ¥36 million (7.1%) to ¥552 million due to sales efforts, various cost improvements, higher production, a lower manufacturing fixed-cost burden from reduced depreciation expenses and inventory valuation gains.」

    Higher volumes and improved prices for construction and manufacturing customers increased revenue, while cost improvements, higher production, lower depreciation expenses and inventory valuation gains increased segment profit to ¥552 million.
  31. FY2018-Q3AdvancedAnnual report

    「Revenue was ¥7,072 million, up ¥692 million (10.9%) year on year, due to higher sales volumes for manufacturing and construction customers and improved selling prices. Despite adverse factors including higher wire-rod and zinc prices, segment profit increased ¥96 million (27.3%) to ¥448 million due to sales efforts, various cost improvements, higher production, a lower manufacturing fixed-cost burden from reduced depreciation expenses and inventory valuation gains.」

    Higher volumes and improved selling prices for manufacturing and construction customers increased revenue, while cost improvements, higher production, lower depreciation expenses and inventory valuation gains also increased segment profit.
  32. FY2018-Q2AdvancedAnnual report

    「Revenue was ¥4,249 million, up ¥321 million (8.2%) year on year, due to higher sales volumes for primary-industry and manufacturing customers and improved selling prices. Despite adverse factors including higher wire-rod and zinc prices, segment profit increased ¥78 million (61.1%) to ¥208 million due to sales-related factors, higher production, a lower fixed-cost burden from reduced depreciation expenses and inventory valuation gains.」

    Ordinary wire products recorded higher revenue and earnings due to higher volumes for primary-industry and manufacturing customers, improved selling prices, higher production, lower depreciation expenses and inventory valuation gains.
  33. FY2018-Q1AdvancedAnnual report

    「Revenue was ¥2,044 million, up ¥226 million (12.5%) year on year, due to higher sales volumes in overseas civil engineering and primary-industry markets and improved selling prices. Despite adverse factors including higher wire-rod and zinc prices, segment profit increased ¥61 million (298.6%) to ¥82 million due to sales-related factors, higher production and lower fixed-cost burdens resulting from reduced depreciation expenses.」

    Despite factors driving costs higher, revenue and segment profit increased year on year due to higher volumes for overseas civil engineering and primary-industry customers, improved prices, higher production and lower depreciation expenses.
  34. FY2017-Q3AdvancedAnnual report

    「Although sales volumes increased, mainly in the civil engineering sector, revenue declined ¥254 million (3.8%) to ¥6,379 million due to lower orders for wildlife damage prevention fences following the reduction in public budgets and an unfavorable product mix. Despite higher depreciation expenses from capital investment through the previous fiscal year, segment profit increased ¥194 million (122.6%) to ¥352 million due to favorable factors including lower purchase prices for primary raw materials, reduced energy costs and higher production volumes.」

    Although revenue declined due to lower orders for wildlife damage prevention fences and an unfavorable product mix, segment profit increased to ¥352 million as lower raw-material and energy costs and higher production volumes outweighed these effects.
  35. FY2017-Q2AdvancedAnnual report

    「Although orders for wildlife damage prevention fences declined with the reduction in public budgets, expanded sales centered on the civil engineering sector resulted in revenue of ¥3,928 million, up ¥4 million (0.1%) year on year. Despite higher depreciation expenses from capital investment through the previous fiscal year, segment profit rose ¥116 million (938.2%) to ¥129 million due to favorable factors including lower purchase prices for primary raw materials, reduced energy costs and higher production volumes.」

    While orders for wildlife damage prevention fences continued to decline, expanded sales centered on the civil engineering sector and other factors resulted in a slight increase in revenue, while segment profit rose substantially to ¥129 million.
  36. FY2017-Q1First statedAnnual report

    「Revenue was ¥1,817 million, down ¥132 million (6.8%) year on year, due to weak demand in the civil engineering sector and further reductions in public budgets for wildlife damage prevention fences. Segment profit was ¥20 million, down ¥22 million (52.3%), despite favorable factors such as lower purchase prices for primary raw materials and reduced energy costs, due to sales-related factors and higher depreciation expenses associated with capital investment through the previous fiscal year.」

    For ordinary wire products, weaker demand, reduced budgets and higher depreciation expenses were identified as factors behind lower revenue and earnings.
Moved together

"Specialty Wire Products: Slump in the Power and Telecommunications Sectors and Narrower Losses" moved the same way as this thread, in the same document, in 24 of its 36 moves.

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  1. ★This thread
  2. 1Specialty Wire Products: Slump in the Power and Telecommunications Sectors and Narrower Losses24×
  3. 2Initiatives to Improve Profitability19×
  4. 3Increase in Depreciation Expense Associated with Capital Investment in Prior Years19×
  5. 4Operating Profit Turns Profitable Despite Lower Sales, While Ordinary Profit and Net Income Decline18×
  6. 5Guarantees of liabilities to TSN Wires Co., Ltd.16×
  7. 6Loss due to increased sales volumes of rivet, screw and wire products and depreciation expenses15×

★ 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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Decline in revenue and profit due to weaker demand for ordinary wire products in civil engineering and lower public-sector budgets | NICHIA STEEL WORKS,LTD. (5658) | Komori