Positioning the Resources Business as a Strategic Business Pillar
First written in FY2019. 8 of 13 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AchievedAnnual report
「In the previous consolidated fiscal year, the two operating companies for the Endeavor mine and one operating company for the Rasp mine, all of which had been consolidated subsidiaries, were excluded from the scope of consolidation following the transfer of all shares held as part of the exit from the resources business.」
The shift away from investing in the resources business as a strategic pillar was completed with the sale and deconsolidation of the Endeavor and Rasp mines, confirming the early exit in terms of actual results. - FY2025AdvancedAnnual report
「We have decided to exit the resources business early and reorganize the zinc smelting business into a metal recycling business centered on the processing of various metal products and zinc dust treatment.」
The shift away from the previous direction of making the resources business a strategic growth pillar progressed to the completion of the sale of each mine and the decision to reorganize the zinc smelting business. - FY2025-H1AdvancedAnnual report
「For the Endeavor mine in Australia, we entered into a share transfer agreement with Cobar Metals Pty Ltd., a wholly owned subsidiary of Polymetals Resources Ltd., and the transaction was completed at the end of July 2024. For the Rasp mine in Australia, we entered into a share transfer agreement with Broken Hill Mines Pty Ltd., and the transaction was completed at the end of October 2024.」
Regarding the policy of an early exit from the resources business, the transfers of both the Endeavor and Rasp mines were completed, making concrete progress in implementing the policy. - FY2024ReframedAnnual report
「For the resources business, although we will temporarily be forced to recognize a substantial loss, from the perspective of our current financial capacity, our basic policy is to restructure our business portfolio with the aim of exiting the highly volatile mining business.」
The direction shifted significantly from investing in the resources business as a strategic growth pillar to an early exit through the closure and sale of owned mines, due to our financial capacity. - FY2024-Q3AdvancedAnnual report
「We concluded that the economics of developing the orebody that was to become the next main production area were poor and that the medium- to long-term business plan for the mine, premised on developing that orebody, was not economically viable. We therefore decided to close the Rasp mine by the end of 2024.」
The restructuring of the mine portfolio took concrete form with the decision to close the Rasp mine by the end of 2024, accompanied by the recognition of an impairment loss. - FY2024-Q2AdvancedAnnual report
「We concluded that the economics of developing the orebody that was to become the next main production area were poor and that the medium- to long-term business plan for the mine, premised on developing that orebody, was not economically viable. We therefore decided to close the Rasp mine by the end of 2024.」
The restructuring of the mine portfolio progressed to the specific decision to close the Rasp mine by the end of 2024. The positioning of the resources business as a strategic pillar has taken concrete form in a direction involving the selection and downsizing of mines. - FY2023ReframedAnnual report
「The impact of the low ROIC at CBH's Rasp mine in Australia was also significant, and we will continue to address the restructuring of the mine portfolio, which we have been advancing since previous fiscal years, as an important management issue.」
In addition to the conventional positioning of the resources business as a strategic pillar, the focus shifted to restructuring the mine portfolio in light of the low ROIC at the Rasp mine. - FY2023-Q2AdvancedAnnual report
「This was mainly due to additional investments in affiliated companies, in addition to ordinary capital investment and mine investment.」
In addition to mine investment, additional investments were made in affiliated companies, continuing and giving concrete form to the allocation of management resources to the resources business and new mine-related projects. - FY2022-Q2AdvancedAnnual report
「Interest-bearing debt increased in response to higher working capital requirements, including ore purchases due to higher metal prices, and investment in new mines,」
As a result of allocating funds to investment in new mines, interest-bearing debt increased by ¥1,412 million from the end of the previous fiscal year. The allocation of management resources to the resources business has continued. - FY2021AdvancedAnnual report
「We sold all shares in the company, which operated the non-core port cargo-handling business, in order to allocate management resources to growth strategies such as capital investment in existing mining operations and the advancement of new projects.」
All shares in ConPorts, the non-core port cargo-handling business included in the resources business, were sold, and the resources portfolio and balance sheet were reviewed. - FY2021-Q3AdvancedAnnual report
「In this situation, while taking measures to reduce future market risk, we reviewed the balance sheet from the perspective of making effective use of management resources, which led to the transfer of the shares in the subsidiary.」
All shares in ConPorts Pty Limited, which was included in the resources business, were transferred on 31 December 2020, implementing a specific review of the resources business portfolio and balance sheet. The transfer price was AUD 41 million, and the gain on transfer was AUD 36 million. - FY2020ReframedAnnual report
「Overall, we will optimize the mine portfolio to reduce exposure to market volatility in the resources business.」
The focus shifted from the previous year's description of the resources business as a strategic growth pillar to restructuring and optimizing the portfolio, including the suspension of operations at the Endeavor mine, restrained investment at the Rasp mine and asset sales. - FY2019First statedAnnual report
「Against this backdrop, we will position the resources business as a strategic pillar and work to achieve sustainable growth and development for our Group and maximize corporate value.」
The resources business was positioned as a strategic pillar of the Group, with the aim of achieving sustainable growth and maximizing corporate value.