Maintaining the smelting business's position as a core business
First written in FY2019. 7 of 17 entries say "Restated". Latest entry: FY2026.
Toho Zinc moved to the "Worse" side of this theme in 2023.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Based on this rehabilitation plan, the zinc smelting business was restructured into a metal recycling business and has been presented as a separate business division from the current consolidated fiscal year.」
The company proceeded with the reorganisation from maintaining smelting as a core business to a metal recycling business centred on product processing and environmental dust treatment following the shutdown of the zinc smelting facilities. - FY2026-H1ReframedAnnual report
「From the current interim consolidated accounting period, the zinc smelting business, previously included in the Smelting segment, has been reported as a separate reporting segment, the Metal Recycling segment, following a change in the business management classification accompanying its reorganisation from the manufacture and sale of zinc products to metal recycling centred on processing various metal products and treating zinc dust.」
The company shifted from the previous approach of maintaining smelting as a core business to reorganising zinc smelting around metal recycling and product processing. - FY2025ReframedAnnual report
「We decided to stop the main facilities of the high-cost zinc smelting business and reorganise the business around metal recycling, centred on processing various metal products and treating zinc dust.」
The company shifted from the previous approach of maintaining smelting as a core business to reorganising the business around product processing and metal recycling following the shutdown of the main zinc smelting facilities. - FY2024ReframedAnnual report
「For the high-cost zinc smelting business, we will review the future shape of the business from a zero-based perspective, going beyond improving its earnings balance by increasing the ratio of recycled feedstock, an initiative currently under way.」
The company indicated a shift away from the previous approach of maintaining smelting as a core business, with zinc smelting to be reviewed from a zero-based perspective and lead and recycling reorganised as the foundation businesses. - FY2024-Q3WorsenedAnnual report
「In terms of earnings, lower zinc prices reduced free metal revenue, while lead and silver were affected by lower production and higher procurement prices for recycled materials. As a result, profit declined by ¥3.3 billion year on year.」
Although the smelting business remained profitable, ordinary profit declined by 73% year on year, and the recovery of earnings as a core business deteriorated. - FY2024-Q2WorsenedAnnual report
「In terms of earnings, in addition to the continued high electricity and other materials costs seen since the previous fiscal year, lower zinc prices reduced free metal revenue, while lead and silver were significantly affected by lower profit from other products, including gold. As a result, profit declined by ¥2 billion year on year.」
Ordinary profit in the smelting business fell 71% year on year to ¥831 million, and the recovery of earnings in the principal core business deteriorated. - FY2024-Q1WorsenedAnnual report
「The business segment as a whole ultimately recorded an ordinary loss of slightly more than ¥2.6 billion.」
The smelting business, a core business, shifted from ordinary profit of ¥2,014 million in the same period of the previous fiscal year to an ordinary loss of ¥610 million, and the recovery of earnings deteriorated. - FY2023RestatedAnnual report
「The smelting business recorded operating profit of ¥2,822 million, a decline of ¥3,647 million from the previous fiscal year.」
Although profit in the smelting business declined substantially, it remained profitable and continued to be positioned as a principal core business. - FY2023-Q3RestatedAnnual report
「In addition, although the performance of the business division, including other products such as sulfuric acid, increased revenue, profit declined year on year as processing costs deteriorated significantly amid higher energy costs, including electricity, and higher prices for other materials.」
The smelting business secured operating profit of ¥4,421 million. Although profit declined by 22% year on year, its position as a principal core business and its profitable status were maintained. - FY2023-Q1RestatedAnnual report
「Including sulfuric acid and other products, the performance of this business segment increased in revenue as described above, but profit declined year on year due to higher processing costs and the recognition of a lower-of-cost-or-market valuation loss.」
Although profit in the smelting business declined by 18% year on year, it secured operating profit of ¥2,055 million, maintaining its position as a principal core business. - FY2022-Q3RestatedAnnual report
「Although factors reducing profit included lower inventory valuation gains, due to hedging against market risks and the impact of inventory write-downs, as well as deteriorating ore purchasing terms for zinc, profit increased year on year, mainly because higher zinc prices increased free metal revenue and the use of recycled materials boosted profit.」
The principal business, the smelting business, recorded operating profit of ¥5,668 million, maintaining profitability and the recovery of earnings as a core business despite constraints including deteriorating ore procurement terms. - FY2022-Q2RestatedAnnual report
「Although higher metal prices contributed to an increase in profit, profit growth was limited to a slight increase year on year, mainly because ore procurement terms for zinc deteriorated and inventory valuation gains declined.」
The smelting business recorded operating profit of ¥3,595 million, maintaining profitability and the recovery of earnings as a principal business. - FY2022-Q1RestatedAnnual report
「In terms of earnings, the smelting business reported a ¥1.6 billion year-on-year increase in profit, reflecting higher metal prices and the benefits of stable operations, among other factors.」
The principal business, the smelting business, recorded operating profit of ¥2,495 million, and the recovery of earnings as a core business continued in the first quarter. - FY2021AdvancedAnnual report
「Including sulfuric acid and other products, the performance of this business segment was as follows. Revenue increased by ¥10,913 million, or 15%, year on year to ¥84,928 million. In terms of profit and loss, the significant improvement in ore procurement terms, processing costs and inventory valuation gains and losses resulted in a substantial ¥15,858 million increase in profit, bringing operating profit to ¥5,791 million.」
The principal business, the smelting business, returned to profitability from segment losses for 2 consecutive years, recording operating profit of ¥5,791 million and showing concrete progress in the recovery of earnings in the core business. - FY2021-Q3AdvancedAnnual report
「Meanwhile, operating profit increased sharply by ¥9.7 billion year on year and the Company returned to profitability, helped by the recognition of an inventory valuation gain (versus an inventory valuation loss in the same period of the previous year), higher sales of gold and silver, and lower non-ferrous slag processing costs.」
Our principal business, the smelting business, returned to profitability, recording operating profit of ¥3,771 million compared with an operating loss in the same period of the previous fiscal year, marking concrete progress in the recovery of earnings in the core business. - FY2020RestatedAnnual report
「Our principal business, the smelting business, recorded segment losses, on an operating-profit basis, for 2 consecutive years in fiscal 2018 and fiscal 2019.」
While the smelting business continued to be positioned as a principal business, restoring earnings in the core business was identified as an urgent priority. - FY2019First statedAnnual report
「In the smelting business, we will clearly distinguish between offensive and defensive measures and continue working to maintain its status as one of our core businesses.」
The goal of clearly distinguishing between offensive and defensive measures in the smelting business and maintaining its position as a core business was outlined.