Recovery of Plant Profitability Through Various Profitability Improvement Initiatives
First written in FY2017-Q3. 25 of 34 entries say "Advanced", first in FY2017. Latest entry: FY2026.
11 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As a result, revenue in the resource recycling business was ¥23,940 million, up 13.9% from the previous fiscal year, and segment profit was ¥2,627 million, up 126.7%.」
The resource recycling business saw substantial increases in revenue and profit through advances in proprietary sorting technology, the recovery and sale of high-value-added products and structural reforms, with the results of efforts to improve plant profitability reflected in annual performance. - FY2026-H1AdvancedAnnual report
「Against a backdrop of rising prices for major metals, the company further advanced its proprietary sorting technology, a group strength, and strengthened the recovery and sale of high-value-added products such as gold and silver residues, boosting profitability. As a result, revenue from the resource recycling business was ¥11,001 million, up 7.6% year on year, and segment profit was ¥963 million, up 96.3%.」
Efforts to improve plant and resource recycling profitability, including advances in sorting technology and stronger recovery and sales of high-value-added products, resulted in revenue of ¥11,001 million and segment profit of ¥963 million. - FY2025-H1Lower profit in the resource recycling business due to falling market prices and higher fixed costsAnnual report
「Demolition and the plastic fuel business, which are less affected by market conditions, remained solid. However, the temporary sharp fall in ferrous scrap prices had a significant impact, while higher labor costs from improved employee benefits and higher fixed costs from capital investment also weighed on earnings.」
Among measures to improve plant profitability, demolition and plastic fuel production remained solid, but the sharp fall in ferrous scrap prices and the burden of higher labor costs and capital investment reduced segment profit in the resource recycling business by 37.8% year on year. - FY2024AdvancedAnnual report
「Higher costs from new capital investment associated with operating the advanced sorting plant, as well as higher labor costs resulting from improved employee benefits, weighed on profit. On the other hand, bringing Nitto Kako Co., Ltd. into the group, increased recovery of gold and silver-bearing material as incineration ash recovery volumes rose, and strong cleanup and demolition work contributed to profit.」
While the cost burden from operating new equipment and improving employee benefits continued, bringing Nitto Kako into the group, recovery of gold and silver-bearing material from incineration ash and cleanup and demolition work contributed to profit. - FY2024-Q3Contributions from incineration ash sorting and Nitto Kako alongside costs for new equipmentAnnual report
「Establishing a system to sort profitable materials such as incineration ash, together with bringing Nitto Kako into the group, contributed to revenue and profit. However, the procurement environment for metal scrap remained weak, and incoming metal scrap volumes fell below the year-earlier level. In addition, depreciation associated with new equipment and the new plant, as well as temporary relocation costs, weighed on profit.」
In efforts to improve plant profitability, the system for sorting high-margin materials such as incineration ash and the addition of Nitto Kako to the group contributed, while lower raw material volumes, depreciation on new equipment and the new plant, and relocation costs weighed on profit. - FY2024-Q2AdvancedAnnual report
「Metal scrap handling volumes fell below the year-earlier level because fewer demolition projects arose near collection centers, reducing the volume of demolition scrap handled as procurement material. In addition, depreciation and other costs associated with the new plant weighed on earnings. However, strong demolition work and cleanup operations across a wide area, along with increased deliveries of high-margin materials, lifted earnings. As a result, revenue in the resource recycling business was ¥10,283 million, up 20.6% year on year, and segment profit was ¥789 million, up 5.5%.」
Although depreciation and other costs associated with the new plant weighed on earnings, the resource recycling business posted higher revenue and profit due to strong demolition and cleanup operations across a wide area and increased deliveries of high-margin materials. - FY2024-Q1AdvancedAnnual report
「As a result, revenue in the resource recycling business was ¥4,916 million, up 17.6% year on year, and segment profit was ¥391 million, up 7.4%.」
In the resource recycling business, although handling volumes were below the previous fiscal year, cleanup and demolition work and the recovery of gold and silver-bearing material from incineration ash contributed to earnings, resulting in revenue of ¥4,916 million and segment profit of ¥391 million. - FY2023-Q3Partial operation of the new plant and preparations for full-scale operationsAnnual report
「Some facilities at the new plant in Fuji, Shizuoka Prefecture, began operations in February 2023. We will continue construction work on the facilities toward full-scale operations.」
The existing resource recycling business posted lower revenue and profit due to lower raw material volumes and higher electricity and labor costs, while some equipment at the new plant in Fuji began operating and construction work progressed toward full-scale operations. - FY2023-Q2Lower revenue and profit due to equipment failure, a sharp market decline and higher costsAnnual report
「Handling volumes declined due to a decrease in the number of end-of-life vehicles and other factors, as well as lower operating rates caused by temporary equipment failures during the first quarter. In addition, narrower margins on inventory sales following the sharp fall in metal scrap prices in July 2022, higher electricity costs due to rising energy prices and higher labor costs resulting from improved employee benefits and other measures led to lower revenue and profit.」
In efforts to improve plant profitability, a decline in the number of end-of-life vehicles, equipment failures, a sharp fall in metal scrap prices and higher electricity and labor costs combined to produce lower revenue and profit in the resource recycling business. - FY2023-Q1Lower profit due to a main production line failure and a sharp market decline; construction of the new plant progressedAnnual report
「Profit declined due to narrower margins on inventory sales following the sharp fall in metal scrap prices from the start of the fiscal year, as well as lower handling volumes caused by a major shredder line at the main plant being shut down for approximately 1 month due to a breakdown. The new plant in Fuji, Shizuoka Prefecture, was completed in September of the fiscal year, and equipment construction has begun for operations to start in February.」
Regarding efforts to improve plant profitability, revenue and profit declined due to the sharp market decline and the shutdown caused by a failure of the main equipment, while progress was also made with completion of the new plant in Fuji and the start of equipment construction for operations to begin in February of the following year. - FY2022AdvancedAnnual report
「Metal scrap prices remained above the previous fiscal year, further improving the profitability of resource recycling supported by physical sorting technology. In addition, handling volumes of ferrous scrap from large demolition projects, which had continued since the previous fiscal year, increased, while higher equity-method investment income also contributed, resulting in higher revenue and profit. As a result, revenue in the resource recycling business was ¥20,397 million, up 43.5% from the previous fiscal year, and segment profit was ¥2,752 million, up 32.3%. During the fiscal year, the company also decided to build a new plant in Fuji, Shizuoka Prefecture, and began construction for operations to start in the following fiscal year.」
Physical sorting technology, handling volumes from large demolition projects and equity-method investment income contributed to higher revenue and profit in the resource recycling business, and construction of the new plant in Fuji also began. - FY2022-Q3AdvancedAnnual report
「Metal scrap prices remained above the year-earlier level, further improving the profitability of resource recycling supported by physical sorting technology. In addition, handling volumes of ferrous scrap from large demolition projects, which had continued since the previous fiscal year, increased, while higher equity-method investment income also contributed, resulting in higher revenue and profit.」
Physical sorting technology, increased handling volumes from large demolition projects and higher equity-method investment income contributed to a 54.6% year-on-year increase in revenue and a 56.0% increase in segment profit in the resource recycling business. - FY2022-Q2AdvancedAnnual report
「Metal scrap prices remained above the year-earlier level, further improving the profitability of resource recycling supported by physical sorting technology. In addition, handling volumes of ferrous scrap from large demolition projects, which had continued since the previous fiscal year, increased, while higher equity-method investment income also contributed, resulting in higher revenue and profit. As a result, revenue in the resource recycling business was ¥9,891 million, up 65.1% year on year, and segment profit was ¥1,405 million, up 90.7%.」
In the resource recycling business, physical sorting technology, increased handling volumes from large demolition projects and higher equity-method investment income combined to lift segment profit 90.7% year on year. - FY2022-Q1AdvancedAnnual report
「Profitability was secured as demand for higher-grade materials, including ferrous scrap produced by large shredders, increased and the price gap with lower-grade materials widened. In addition, handling volumes of ferrous scrap from large demolition projects, which had continued since the previous fiscal year, increased, while higher equity-method investment income also contributed, resulting in higher revenue and profit. As a result, revenue in the resource recycling business was ¥4,762 million, up 70.4% year on year, and segment profit was ¥685 million, up 182.1%.」
Segment profit in the resource recycling business increased 182.1% year on year, due to higher demand for higher-grade materials, a wider price gap, increased handling volumes from large demolition projects and higher equity-method investment income. - FY2021AdvancedAnnual report
「Amid an operating environment marked by soaring ocean freight rates, difficulty securing vessels and continued restrictions on overseas operations due to COVID-19, the company secured margins by using its regular sales scheme and passing higher logistics outsourcing costs on to customers. In addition, increased domestic collection yards and triangular trade secured handling volumes, resulting in higher revenue and profit.」
The global trading business posted higher revenue and profit, driven by the regular sales scheme, the pass-through of higher logistics service costs, additional domestic collection yards and triangular trade. - FY2021-Q3AdvancedAnnual report
「In addition to the sharp rise in ferrous scrap prices, margins were secured through the correction of contract prices for commissioned waste treatment, an initiative undertaken since the previous fiscal year. Combined with more efficient production processes and higher equity-method investment income, these factors resulted in higher sales and profit. As a result, net sales in the resource recycling business were ¥9,822 million, up 14.1% year on year, and segment profit was ¥1,252 million, up 173.1%.」
Segment profit in the resource recycling business increased 173.1% year on year, due to higher ferrous scrap prices, corrective pricing for contracted waste treatment services and production process efficiencies. - FY2021-Q2AdvancedAnnual report
「In addition to the sharp rise in ferrous scrap prices, margins were secured through the correction of contract prices for commissioned waste treatment, an initiative undertaken since the previous fiscal year. Combined with more efficient production processes and higher equity-method investment income, these factors resulted in higher sales and profit. As a result, net sales in the resource recycling business were ¥6,058 million, up 4.9% year on year, and segment profit was ¥656 million, up 111.7%.」
Correcting contract prices for commissioned waste treatment, improving production-process efficiency, and increasing equity-method investment income contributed to higher sales and profit in the resource recycling business, with segment profit up 111.7% year on year. - FY2021-Q1AdvancedAnnual report
「In addition, profit increased as ferrous scrap prices continued to rise, appropriate margins were secured by correcting contract prices for commissioned waste treatment, an initiative undertaken since the previous fiscal year, and production processes were made more efficient.」
Securing margins by correcting contract prices for commissioned waste treatment and improving production-process efficiency contributed to higher profit in the resource recycling business. - FY2020-Q3AdvancedAnnual report
「The ferrous and nonferrous scrap business increased handling volumes and profit by expanding collection yards, capturing domestic and overseas demand, and devising more efficient transportation methods. As a result, net sales in the global resource recycling business were ¥16,067 million, down 0.1% year on year, while segment profit was ¥571 million, up 232.8%.」
Expanded collection yards, the capture of domestic and overseas demand, and more efficient transportation methods increased handling volumes and profit in the global resource recycling business. Segment profit increased 232.8% year on year, indicating progress in improving profitability at the plants and in the global business. - FY2020-Q2AdvancedAnnual report
「As a result, net sales were ¥18,691 million, up 7.6% year on year; operating profit was ¥660 million, up 57.8%; ordinary profit was ¥748 million, up 31.2%; and net income attributable to owners of the parent was ¥549 million, up 75.0%.」
Net sales and each profit measure increased year on year, improving overall performance. Segment profit in the global resource recycling business increased 188.4%, while the used-vehicle-related business posted a profit of ¥80 million, compared with a loss in the previous year. Profit in the resource recycling business, however, declined 33.3%. - FY2020-Q1AdvancedAnnual report
「Although shipments by sea were delayed due to a typhoon, handling volumes increased as the company secured sales contracts by taking advantage of falling ferrous scrap prices and domestic–international price differentials. Demand for used vehicles in major destination countries remained weak, but earnings benefited from increased sales of used trucks to Southeast Asia through new customer development, the recovery of logistics outsourcing services that had been sluggish in the previous year due to regulations in major destination countries, and the effects of fixed-cost reductions including yard downsizing. As a result, net sales were ¥10,147 million, up 22.8% year on year; operating profit was ¥441 million, up 135.0%; and ordinary profit was ¥489 million, up 74.8%.」
Sales contract wins, new customer development, the recovery of logistics outsourcing services, and measures including yard downsizing drove net sales, operating profit, and ordinary profit above the previous year's levels. Meanwhile, battery recycling equipment costs and personnel expenses are weighing on earnings in the resource recycling business. - FY2019-Q3Worsening profitability intensifiedAnnual report
「Against this backdrop, domestic collection and processing of metals and plastics remained firm, but earnings declined as fixed costs increased due to upfront investments in personnel. In export transactions, earnings also declined as margins were squeezed by worsening market conditions in the first half, with domestic prices high and overseas prices low, as well as by significant short-term market fluctuations. Used vehicles and used automotive parts also remained sluggish as the export environment deteriorated due to weak demand and regulations in destination countries. As a result, net sales for the 3rd quarter cumulative consolidated period were ¥26,917 million, down 4.4% year on year; operating profit was ¥554 million, down 38.0%; ordinary profit was ¥753 million, down 32.7%; and net income attributable to owners of the parent was ¥491 million, down 38.4%.」
Although domestic collection and processing remained firm, net sales and each profit measure fell below the previous year's level due to higher fixed costs associated with investments in personnel, squeezed margins in export transactions caused by market volatility, and a deterioration in the export environment for used vehicles. - FY2019-Q2Continued weakness and lower profits in exports and used-vehicle-related operationsAnnual report
「As a result, net sales were ¥17,376 million, down 8.4% year on year; operating profit was ¥418 million, down 31.9%; ordinary profit was ¥570 million, down 31.4%; and net income attributable to owners of the parent was ¥314 million, down 47.2%.」
Although collection and processing at domestic plants and environmental consulting orders increased, weak exports and used-vehicle-related operations caused net sales and each profit measure to fall below the previous year's level. - FY2019-Q1Decline in earnings from exports and used-vehicle-related operationsAnnual report
「As a result, net sales were ¥8,266 million, down 5.1% year on year; operating profit was ¥188 million, down 36.2%; ordinary profit was ¥279 million, down 30.9%; and net income attributable to owners of the parent was ¥183 million, down 33.3%.」
Although collection and processing at domestic plants remained firm, exports and used vehicles and used automotive parts performed poorly, causing net sales and each profit measure to fall below the previous year's level. - FY2018AdvancedAnnual report
「Against this backdrop, plant collection and processing of recycled resources and exports, benefiting from rising market prices, performed strongly and contributed significantly to earnings. Sales of used vehicles and used automotive parts remained firm, and earnings increased as fixed costs were reduced. In addition, new and repeat orders for the environmental consulting business increased substantially.」
Plant collection and processing, exports, used-vehicle-related sales, fixed-cost reductions, and increased environmental consulting orders contributed to earnings, resulting in net sales of ¥37,456 million, operating profit of ¥1,002 million, and ordinary profit of ¥1,319 million. - FY2018-Q3AdvancedAnnual report
「Against this backdrop, plant collection and processing of recycled resources and exports, benefiting from rising market prices, performed strongly and contributed significantly to earnings. Sales of used vehicles and used automotive parts remained firm, while reduced fixed costs also increased earnings. In addition, new and repeat orders for the environmental consulting business, which began full-scale operations in the previous consolidated fiscal year, increased substantially. As a result, net sales for the 3rd quarter cumulative consolidated period were ¥28,170 million, up 31.7% year on year; operating profit was ¥894 million, up 29.9%; ordinary profit was ¥1,118 million, up 41.8%; and quarterly net income attributable to owners of the parent was ¥797 million, up 32.9%.」
Plant collection and processing, exports, and used-vehicle-related sales benefited from rising market prices and performed strongly, with net sales, operating profit, ordinary profit, and quarterly net income attributable to owners of the parent all exceeding the previous year's level. - FY2018-Q2AdvancedAnnual report
「Against this backdrop, plant collection and processing of recycled resources, exports of ferrous scrap, and sales of used vehicles and used automotive parts, all benefiting from rising market prices, performed strongly and contributed significantly to earnings. As a result, net sales were ¥18,978 million, up 43.0% year on year; operating profit was ¥615 million, up 430.1%; ordinary profit was ¥831 million, up 315.3%; and net income attributable to owners of the parent was ¥594 million, up 232.7%.」
Plant collection and processing, exports, and used-vehicle-related sales benefited from rising market prices and performed strongly, with net sales, operating profit, ordinary profit, and quarterly net income attributable to owners of the parent all substantially exceeding the previous year's level. - FY2018-Q1AdvancedAnnual report
「Against this backdrop, plant collection and processing of recycled resources, exports of ferrous scrap, and sales of used vehicles and used automotive parts, all benefiting from rising market prices, performed strongly and contributed significantly to earnings. As a result, net sales were ¥8,711 million, up 39.7% year on year; operating profit was ¥294 million, compared with an operating loss of ¥88 million in the same period of the previous year; ordinary profit was ¥405 million, compared with an ordinary loss of ¥51 million; and net income attributable to owners of the parent was ¥274 million, compared with ¥2 million in the same period of the previous year.」
Collection and processing, exports, and used-vehicle-related sales benefited from rising market prices and performed strongly, with net sales up 39.7% year on year and operating and ordinary profit turning from losses in the previous year into profits. Profitability improvements in existing businesses, including plants, made tangible progress. - FY2017AdvancedAnnual report
「In transactions at plants collecting and processing recycled resources, earnings were driven by an improved business environment resulting from rising market prices from November, increased waste handling volumes, higher precious-metal recovery volumes, and an increase in contracts for movable-property removal and processing services, among other successful earnings improvement measures.」
The document describes specific results from earnings improvement measures, including increased waste handling volumes, precious-metal recovery volumes, and movable-property removal and processing service contracts. Operating profit increased 9.0% year on year, while ordinary profit increased 17.3%. - FY2017-Q3First statedAnnual report
「Against this backdrop, although operations at plants collecting and processing recycled resources struggled in the first half, earnings expanded from the second quarter of the fiscal year onward as the rise in market prices from November and the success of various earnings improvement measures combined to improve results.」
Although the plants struggled in the first half, rising market prices from November and the success of various earnings improvement measures drove earnings growth from the second quarter onward, as described specifically for the first time.