Weak demand for printed circuit boards and declining copper prices
First written in FY2016-Q3. 15 of 30 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-08-10.
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- FY2026-H1MitigatedAnnual report
「Copper prices remained high and firm, exceeding the level of the same period of the previous year, as demand increased due to supply concerns in producing countries and factors such as data centre construction associated with the spread of AI.」
Against a backdrop of supply uncertainty and higher demand accompanying the spread of AI, copper prices remained high and exceeded the year-earlier level, mitigating the previously identified downside risk from falling copper prices. - FY2025-H1MitigatedAnnual report
「Copper prices remained high in US dollar terms and exceeded the level of the same period of the previous year in yen terms, affected by supply concerns in producing countries and moves by the US to impose tariffs on copper.」
Despite supply concerns and developments surrounding tariffs, copper prices remained high in US dollar terms and above the same period of the previous year in yen terms, easing the previous impact of falling prices. - FY2024MitigatedAnnual report
「Although China's economy, the world's largest copper consumer, showed signs of slowing, US dollar-denominated copper prices remained high due to supply concerns stemming from the closure of some overseas mines and other factors. The weaker yen and stronger US dollar also contributed, and yen-denominated prices exceeded those of the previous fiscal year.」
Although there were concerns about a slowdown in China's economy, copper prices remained high against the backdrop of supply concerns caused by overseas mine closures and the weaker yen, and yen-denominated prices also exceeded those of the previous fiscal year. Sales volumes of copper pellets and other products also increased in the environmental business, resulting in segment profit of ¥74.895 million, up 453.8% from the previous fiscal year. - FY2024-Q2Firm US dollar-denominated prices and rise in yen-denominated pricesAnnual report
「As demand in China, the world's largest copper consumer, and the global manufacturing sector showed signs of recovery, US dollar-denominated copper prices remained firm, while yen-denominated prices exceeded those of the same quarter of the previous year due to the weaker yen and stronger US dollar.」
Against the backdrop of stronger demand in China and a global recovery trend in manufacturing, US dollar-denominated copper prices remained firm, while yen-denominated prices exceeded those of the same quarter of the previous year due to the weaker yen. - FY2024-Q1Flat US dollar-denominated prices and rise in yen-denominated pricesAnnual report
「As demand increased in China, the world's largest copper consumer, US dollar-denominated copper prices remained firm at approximately the same level as in the same quarter of the previous year, while yen-denominated prices exceeded those of the same quarter of the previous year due to the weaker yen and stronger US dollar.」
US dollar-denominated copper prices remained at approximately the same level as in the same quarter of the previous year due to stronger demand in China, while yen-denominated prices exceeded the previous year's level due to the weaker yen and stronger US dollar. - FY2023-Q3Decline in US dollar-denominated prices and flat yen-denominated pricesAnnual report
「Although copper prices in US dollars fell below the level of the same quarter of the previous year, affected by lower demand due to economic stagnation in China, the world's largest copper consumer, yen-denominated prices remained at the same level as in the same quarter of the previous year due to the weaker yen and stronger US dollar.」
While US dollar-denominated copper prices fell below the previous year's level against the backdrop of China's economic stagnation and other factors, yen-denominated prices remained at the same level as in the same quarter of the previous year due to the weaker yen and stronger US dollar. Price trends diverged by currency. - FY2023-Q2Decline in US dollar-denominated prices and rise in yen-denominated pricesAnnual report
「Although copper prices in US dollars fell below the level of the same quarter of the previous year due to economic stagnation in China, the world's largest copper consumer, and concerns about a global economic slowdown caused by interest-rate hikes in various countries, yen-denominated prices exceeded those of the same quarter of the previous year due to the weaker yen and stronger US dollar.」
While US dollar-denominated copper prices fell below the previous year's level against the backdrop of China's economic stagnation and interest-rate hikes in various countries, yen-denominated prices exceeded the previous year's level due to the weaker yen. - FY2022-Q2MitigatedAnnual report
「In addition to copper selling prices exceeding those in the previous fiscal year, sales volumes of the core product, copper pellets, increased. Revenue was ¥568.548 million, up 54.5%, and segment profit was ¥96.579 million, up 190.1%, resulting in increases in both revenue and profit.」
Copper prices exceeded those in the same quarter of the previous year, and sales volumes of copper pellets also increased, resulting in higher revenue and profit in the environmental business and easing the impact of falling copper prices. - FY2022-Q1MitigatedAnnual report
「In addition to copper selling prices exceeding those in the same quarter of the previous year, sales volumes of the core products, copper pellets and inorganic chemicals, increased. Revenue was ¥269.957 million, up 57.5%, and segment profit was ¥40.853 million, up 238.3%.」
Copper prices exceeded those in the same quarter of the previous year, and sales volumes of copper pellets and inorganic chemicals also increased, resulting in higher revenue and profit in the environmental business and easing the previous impact of falling copper prices. - FY2021-Q3RestatedAnnual report
「Copper prices exceeded the previous fiscal year's level as demand increased in China following its recovery from the COVID-19 pandemic, while expectations for a recovery in the US economy grew on the prospect of large-scale economic measures by the new US administration.」
The disclosure states that copper prices have remained above the previous fiscal year's level against the backdrop of stronger demand in China and US economic measures. - FY2021-Q2MitigatedAnnual report
「Copper prices exceeded the previous fiscal year's level as demand increased in China following its recovery from the COVID-19 pandemic, while expectations for a recovery in the US economy grew on the prospect of large-scale economic measures by the new US administration.」
Copper prices exceeded the previous fiscal year's level against the backdrop of stronger demand in China and US economic measures, easing the previous impact of falling copper prices. - FY2021-Q1MitigatedAnnual report
「Copper prices rose as China, in particular, moved to restart economic activity that had stagnated due to the COVID-19 pandemic, reaching levels above those of the previous fiscal year.」
Against the backdrop of China's move to resume economic activity, copper prices reached levels above those of the same quarter of the previous year, easing the previous impact of falling prices. - FY2020-Q2RestatedAnnual report
「Copper prices were below the previous fiscal year's level due to the slowdown in the Chinese economy and other factors.」
Copper prices have continued to fall below the previous year's level against the backdrop of the slowdown in the Chinese economy and other factors. - FY2020-Q1RestatedAnnual report
「Copper prices were below the previous fiscal year's level due to the slowdown in the Chinese economy and other factors.」
Copper prices have continued to fall below the previous year's level against the backdrop of the slowdown in the Chinese economy and other factors. - FY2019WorsenedAnnual report
「Although sales volumes of the core products, copper pellets and inorganic chemicals, exceeded those in the previous fiscal year, the selling price of copper fell below the previous fiscal year's level. Revenue was ¥777.714 million, down 2.9%, and segment profit was ¥42.562 million, down 55.7%.」
Although sales volumes increased, falling copper prices reduced revenue and segment profit in the environmental business, and the impact of lower prices continued. - FY2019-Q3RestatedAnnual report
「Although sales volumes of the core products, copper pellets and inorganic chemicals, exceeded those in the previous fiscal year, the selling price of copper fell below the previous fiscal year's level. Revenue was ¥584.184 million, down 3.7%, and segment profit was ¥42.828 million, down 44.7%.」
While sales volumes of copper pellets and inorganic chemicals increased, the environmental business continued to see lower revenue and segment profit due to copper prices falling below the previous year's level. - FY2019-Q2WorsenedAnnual report
「Although sales volumes of the core products, copper pellets and inorganic chemicals, exceeded those in the previous fiscal year, the selling price of copper fell below the previous fiscal year's level. Revenue was ¥379.071 million, down 3.8%, and segment profit was ¥24.079 million, down 44.0%.」
Although sales volumes increased, copper prices fell below the previous year, reducing revenue and segment profit in the environmental business. The impact of falling copper prices has continued. - FY2019-Q1WorsenedAnnual report
「Sales volumes of the core products, copper pellets and inorganic chemicals, were at the same level as in the previous fiscal year, but the selling price of copper fell below the previous fiscal year's level. Revenue was ¥188.869 million, down 6.7%, and segment profit was ¥12.236 million, down 49.4%.」
Copper selling prices fell below the previous year, reducing revenue and segment profit in the environmental business. The impact of falling copper prices has re-emerged after the improvement trend seen previously. - FY2018MitigatedAnnual report
「Sales volumes of the core products, copper pellets and chemicals, exceeded those in the previous fiscal year, and copper selling prices were also higher than in the previous fiscal year. Revenue was ¥801.099 million, up 6.8% from the previous fiscal year, and segment profit was ¥96.474 million, compared with ¥1.678 million in the previous fiscal year.」
Copper sales volumes and prices exceeded those in the previous fiscal year, and the environmental business improved from a profit of ¥1.678 million to ¥96.474 million. - FY2018-Q3MitigatedAnnual report
「Sales volumes of the core products, copper pellets and chemicals, exceeded those in the previous fiscal year, and copper selling prices were also higher than in the previous fiscal year. Revenue was ¥606.491 million, up 8.6% year on year, and segment profit increased to ¥77.884 million, compared with a loss of ¥6.656 million in the same quarter of the previous year, due to higher sales volumes and selling prices.」
Sales volumes of copper pellets and chemicals and copper prices exceeded those in the previous year, and the environmental business improved from a loss in the same quarter of the previous year to a profit of ¥77.884 million. - FY2018-Q2MitigatedAnnual report
「Sales volumes of the core products, copper pellets and chemicals, exceeded those in the previous fiscal year, and copper selling prices were also higher than in the previous fiscal year. As a result, revenue was ¥394.010 million, up 7.3% year on year, and segment profit was ¥43.023 million, compared with a loss of ¥19.640 million in the same quarter of the previous year, partly due to lower research and development expenses.」
Sales volumes of copper pellets and chemicals and copper prices exceeded those in the same quarter of the previous year, and the environmental business improved from a loss of ¥19.640 million in the same quarter of the previous year to a profit of ¥43.023 million. - FY2018-Q1MitigatedAnnual report
「Sales volumes of the core products, copper pellets and chemicals, exceeded those in the previous fiscal year, and copper selling prices were also higher than in the previous fiscal year. As a result, revenue was ¥202.397 million, up 24.8% year on year, and segment profit was ¥23.954 million, compared with a loss of ¥4.997 million in the same quarter of the previous year.」
Sales volumes of copper pellets and chemicals and the selling price of copper exceeded the previous year's levels, and the environmental business improved from a loss in the same quarter of the previous year to a profit of ¥23.954 million. - FY2017MitigatedAnnual report
「Sales volumes and the selling price of the core product, copper pellets, exceeded those in the previous fiscal year, resulting in revenue of ¥750.313 million, up 15.7% year on year. Despite an increase in company-wide expenses, segment profit was ¥1.678 million, compared with a loss of ¥44.246 million in the previous fiscal year, due to higher revenue.」
Sales volumes and the unit price of copper pellets increased, and the environmental business improved from a ¥44.246 million loss in the previous fiscal year to a ¥1.678 million profit. - FY2017-Q3MitigatedAnnual report
「Although sales volumes of the core product, copper pellets, exceeded those in the previous fiscal year, revenue was ¥558.244 million, up 14.6% year on year, while the segment loss was ¥6.656 million, compared with a loss of ¥30.067 million in the same quarter of the previous year, due to higher company-wide expenses and other factors.」
Sales volumes and revenue from copper pellets increased, and the environmental business's segment loss narrowed from ¥30.067 million in the same quarter of the previous year to ¥6.656 million. - FY2017-Q2RestatedAnnual report
「Although sales volumes of the core product, copper pellets, exceeded those in the previous fiscal year, revenue was ¥367.133 million, up 11.4% year on year, while the segment loss widened to ¥19.640 million, compared with a loss of ¥15.498 million in the same quarter of the previous year, due to an increase in company-wide expenses and other factors.」
Sales volumes of copper pellets and revenue from the environmental business increased, but the segment loss widened due to higher company-wide expenses and other factors. There is no new disclosure regarding falling copper prices. - FY2017-Q1RestatedAnnual report
「Sales volumes of the core products, copper pellets and coagulants for wastewater treatment, exceeded those in the same quarter of the previous year. However, copper prices were below the same quarter of the previous year, resulting in lower selling prices and profit for copper pellets. Revenue was ¥162.146 million, down 3.0% year on year, and the segment loss was ¥4.997 million, compared with a loss of ¥11.212 million in the same quarter of the previous year.」
While sales volumes increased, the decline in selling prices and profit caused by falling copper prices continued. The environmental business's loss narrowed from the same quarter of the previous year. - FY2016WorsenedAnnual report
「Sales volumes of the core products, copper pellets and etching solution for electronic circuit boards, held at approximately the previous year's level despite a decline in domestic electronic circuit board production. However, the selling price of copper pellets fell below the previous fiscal year's level due to the decline in copper prices, and, reflecting the reversal of the spot sales of products recorded in the previous period, revenue was ¥648.745 million, down 15.2% year on year. The segment loss was ¥44.246 million, compared with segment profit of ¥68.091 million in the previous fiscal year, due to the decline in revenue.」
The decline in domestic electronic circuit board production and copper prices continued, and the environmental business moved from a ¥68.091 million profit in the previous fiscal year to a segment loss of ¥44.246 million. - FY2016-Q3First statedAnnual report
「Production in the electronic circuit board industry, to which the environmental business's major customers belong, remained at a low level, and sales volumes of etching solution for electronic circuit boards and copper pellets fell below the same period of the previous year. The selling price of copper pellets also fell below the same period of the previous year, and, reflecting the reversal of the spot sales of products recorded in the previous period, revenue was ¥487.145 million, down 16.6% year on year.」
The decline in demand and prices materialised, resulting in a segment loss of ¥30.067 million in the environmental business.