Decline in sales volume due to lower precious metal prices and an increase in contract processing transactions
First written in FY2016-Q3. 10 of 33 entries say "Restated". Latest entry: 2026-08-10.
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- FY2026-H1MitigatedAnnual report
「During the interim consolidated accounting period, the price of gold remained firm at a high level and exceeded the year-earlier level. Demand remained strong due to increased demand for safe-haven assets amid heightened geopolitical risks and expectations of US interest-rate cuts, although there were periods of temporary declines.」
Although the gold price temporarily declined, it remained firm at a high level and exceeded the year-earlier level. The previous downward pressure from falling prices has eased. - FY2025-H1Lower demand and higher prices coexistedAnnual report
「Although customers continued to reduce production in response to lower demand for electronic components, sales increased year on year due to higher gold and copper prices, while operating profit and ordinary profit also increased.」
While lower demand for electronic components and continued production cuts by customers persisted, higher gold and copper prices boosted results, with weakness in volumes coexisting with higher prices. - FY2024Contraction in purchase-and-sale transactions due to a change in transaction structureAnnual report
「Although prices of major precious metals products exceeded the previous fiscal year’s level, sales declined as handling volume fell due to production cuts by customers and other factors, while transactions in which the company returns recovered and recycled precious metals to customers expanded, reducing transactions involving the purchase and sale of precious metals.」
While precious metals prices rose, handling volume declined due to production cuts by customers, and transactions involving the return of recovered and recycled precious metals to customers expanded, reducing transactions involving purchases and sales. Precious Metals Business sales amounted to ¥6,530.545 million, down 7.2% from the previous fiscal year. - FY2024-Q2RestatedAnnual report
「Within the group, demand for consumer electronics and information and communications equipment declined, reducing production of electronic components, including semiconductor products, at major customers and causing precious metals handling volume to fall below the year-earlier quarter. Among major products, the gold price rose in US dollars and remained firm at a high level amid expectations that US interest-rate hikes would stop and demand for safe-haven assets would increase due to conflict. The continued depreciation of the yen against the US dollar also contributed, bringing the yen-denominated price above the year-earlier quarter.」
Precious metals handling volume continued to fall below the year-earlier level due to lower demand for electronic components and lower production at major customers, while the gold price continued to rise on safe-haven demand and the yen’s depreciation. - FY2024-Q1Volume declined due to lower demand while prices rose on safe-haven demand and the yen’s depreciationAnnual report
「Within the group, demand for consumer electronics and information and communications equipment declined, reducing production of electronic components, including semiconductor products, at major customers and causing precious metals handling volume to fall below the year-earlier quarter. Among major products, the gold price rose in US dollars and remained firm at a high level amid expectations that US interest-rate hikes would stop and demand for safe-haven assets would increase due to conflict. The continued depreciation of the yen against the US dollar also contributed, bringing the yen-denominated price above the year-earlier quarter.」
While precious metals handling volume fell below the year-earlier level due to lower demand for electronic components and lower production at major customers, the gold price exceeded the year-earlier level against a backdrop of safe-haven demand related to conflict and the yen’s depreciation. - FY2023Substantial production cuts and higher prices coexistedAnnual report
「Within the group, precious metals handling volume fell below the previous fiscal year’s level as customers substantially reduced production in response to lower demand for electronic components, including semiconductor products used in consumer electronics and information and communications equipment. Among major products, the gold price rose in US dollars and remained firm at a high level amid expectations that the pace of US interest-rate hikes would ease and demand for safe-haven assets would increase. The yen’s depreciation against the US dollar also contributed, bringing the yen-denominated price above the previous fiscal year’s level.」
While precious metals handling volume declined due to substantial production cuts by customers, the gold price exceeded the year-earlier level on demand for safe-haven assets and the yen’s depreciation. - FY2023-Q3RestatedAnnual report
「Within the group, precious metals handling volume fell below the year-earlier quarter as customers reduced production in response to lower demand for electronic components, including semiconductor products used in consumer electronics and information and communications equipment. Among major products, the gold price exceeded the year-earlier quarter as US-dollar prices remained firm amid expectations that the pace of US interest-rate hikes would ease and demand for safe-haven assets increased, with the yen’s depreciation against the US dollar also contributing.」
While precious metals handling volume fell below the year-earlier quarter due to lower demand for electronic components and production cuts by customers, the gold price exceeded the year-earlier quarter on demand for safe-haven assets and the yen’s depreciation. - FY2023-Q2Volume declined due to lower demand while prices rose as the yen weakenedAnnual report
「Within the group, precious metals handling volume fell below the year-earlier quarter as customers reduced production in response to lower demand for electronic components, including semiconductor products used in consumer electronics and information and communications equipment. Among major products, precious metals prices exceeded the year-earlier quarter as US-dollar prices remained firm amid expectations that the pace of US interest-rate hikes would ease and demand for gold as a safe-haven asset increased, in addition to the impact of the yen’s depreciation against the US dollar.」
While precious metals handling volume fell below the year-earlier level due to lower demand for electronic components and production cuts by customers, precious metals prices exceeded the year-earlier level on demand for safe-haven assets and the yen’s depreciation. - FY2023-Q1Volume declined due to lower demand while prices rose as the yen weakenedAnnual report
「Within the group, precious metals handling volume fell below the year-earlier quarter due to production cuts by customers in response mainly to lower demand for electronic components in the consumer and communications equipment markets. Among major products, precious metals prices exceeded the year-earlier quarter as prices in US dollars remained firm amid expectations that the pace of US interest-rate hikes would ease, in addition to the impact of the yen’s depreciation against the US dollar.」
While precious metals handling volume fell below the year-earlier quarter due to lower demand for electronic components in the consumer and communications equipment markets and production cuts by customers, precious metals prices exceeded the year-earlier quarter as US-dollar prices remained firm and the yen weakened against the US dollar. Higher prices and lower handling volume coexisted. - FY2022-Q3Volume declined due to China’s lockdowns while prices rose as the yen weakenedAnnual report
「As customers reduced production due to the impact of China’s lockdowns, precious metals handling volume was slightly below the previous fiscal year’s level. Among major products, precious metals prices in US dollars remained soft due to expectations of substantial US interest-rate hikes, but exceeded the previous fiscal year’s level as the yen weakened against the US dollar alongside higher US long-term interest rates, raising prices denominated in yen.」
While precious metals handling volume fell below the year-earlier level due to production cuts by customers following China’s lockdowns, precious metals prices denominated in yen exceeded the year-earlier level as the yen weakened against the US dollar. - FY2022-Q2Prices and handling volume rose while sales volume declined due to contract processingAnnual report
「Although sales volume declined as the share of contract processing transactions without precious metals purchases or sales increased, sales increased to ¥3,497.042 million, up 7.2% from the year-earlier quarter, and segment profit increased to ¥298.398 million, up 177.3%, as precious metals handling volume and prices exceeded the previous fiscal year’s levels.」
While sales volume declined as the share of contract processing transactions increased, precious metals handling volume and prices exceeded the year-earlier quarter, and sales and profit increased. - FY2022-Q1RestatedAnnual report
「Within the group, some customers moved to adjust production due to the impact of the global spread of COVID-19 overseas. However, demand for electronic components expanded in markets related to electric vehicles and other areas driven by decarbonisation, causing precious metals handling volume to exceed the year-earlier quarter. Among major products, precious metals prices exceeded the year-earlier quarter as the yen weakened against the US dollar alongside higher US long-term interest rates, driving up prices denominated in yen.」
While some customers moved to adjust production, precious metals handling volume increased as demand for electronic components expanded, and precious metals prices also exceeded the year-earlier quarter. - FY2021-Q3Prices rose while sales volume declined due to contract processingAnnual report
「Although sales volume declined as the share of contract processing transactions without precious metals purchases or sales increased, sales increased to ¥5,279.491 million, up 4.7% from the year-earlier quarter, as both precious metals handling volume and prices exceeded the previous fiscal year’s levels.」
While sales volume declined as the share of contract processing transactions increased, precious metals handling volume and prices exceeded the previous fiscal year’s levels, and sales increased. - FY2021-Q2RestatedAnnual report
「As customers continued to reduce production due to the impact of COVID-19 from the end of the previous fiscal year, precious metals handling volume was slightly below the previous fiscal year’s level. Among major products, precious metals prices were recently subject to limited gains due to higher US long-term interest rates and other factors, but exceeded the previous fiscal year’s level as uncertainty, including prolonged US-China trade friction and the global spread of COVID-19, increased demand for safe-haven assets.」
While precious metals handling volume continued to fall below the year-earlier level due to production cuts by customers, precious metals prices remained above the previous fiscal year’s level, supported by demand for safe-haven assets and other factors. - FY2020-Q2RestatedAnnual report
「The company’s precious metals handling volume was below the previous fiscal year’s level. Regarding prices of major products, precious metals prices exceeded the previous fiscal year’s level, mainly due to US monetary policy and concerns over a slowdown in the real economy resulting from the global spread of COVID-19, while copper prices fell below the previous fiscal year’s level due to the slowdown in the Chinese economy and other factors.」
Precious metals handling volume continued to fall below the year-earlier level, while precious metals prices remained above the year-earlier level. - FY2020-Q1Prices rose while handling volume declinedAnnual report
「The company’s precious metals handling volume was below the previous fiscal year’s level. Regarding prices of major products, precious metals prices exceeded the previous fiscal year’s level, mainly due to US interest-rate cuts, while copper prices fell below the previous fiscal year’s level due to the slowdown in the Chinese economy and other factors.」
While precious metals handling volume fell below the year-earlier level due to continued production cuts by major customers, precious metals prices exceeded the year-earlier level, partly mitigating the impact of lower prices. - FY2019WorsenedAnnual report
「For the consolidated fiscal year under review, sales increased due to a temporary increase in the handling volume of high-grade precious metals. However, profit declined as the impact of production cuts by electronic components and devices manufacturers, the company’s major customers, continued, reducing the handling volume of precious metals from that sector.」
Sales increased due to a temporary rise in high-grade precious metals handling volume, while profit declined as the reduction in precious metals handling volume caused by production cuts at major customers continued. - FY2019-Q3WorsenedAnnual report
「For the reasons noted above, selling prices fell below the year-earlier level, but sales increased as total precious metals handling volume rose. Segment profit declined mainly due to lower selling prices, sales amounted to ¥7,237.154 million, up 21.3% from the year-earlier quarter, and segment profit amounted to ¥103.360 million, down 58.5 %.」
Although sales increased as total precious metals handling volume rose, segment profit declined 58.5% from the year-earlier quarter due to lower selling prices, indicating a stronger impact from falling prices on profit. - FY2019-Q2WorsenedAnnual report
「For the reasons noted above, selling prices fell below the year-earlier level, but sales increased as total precious metals handling volume rose. Segment profit declined as selling prices fell, sales amounted to ¥4,461.535 million, up 8.0% from the year-earlier quarter, and segment profit amounted to ¥97.556 million, down 49.0%.」
Although total precious metals handling volume increased, segment profit declined 49.0% from the year-earlier quarter due to falling selling prices. The impact of lower prices has become apparent in profit. - FY2019-Q1WorsenedAnnual report
「For the reasons noted above, the company’s precious metals handling volume and selling prices fell below the year-earlier levels. However, the sales volume of products increased as the share of contract processing transactions for the flagship gold product declined, resulting in a slight increase in sales.」
Precious metals handling volume and selling prices fell below the year-earlier levels. However, product sales volume increased as the share of contract processing transactions declined, and the effects were partly offset as sales edged up. - FY2018RestatedAnnual report
「The handling volume of gold fell below the previous fiscal year’s level due to the slowdown in overseas smartphone production, but the volume of other precious metals products increased and precious metals prices remained above the previous fiscal year’s level, resulting in sales of ¥7,849.145 million, up 4.3% from the previous fiscal year.」
The decline in gold handling volume due to the slowdown in smartphone production continued, but sales increased as the volume of other precious metals products rose and prices increased. - FY2018-Q3RestatedAnnual report
「Although the handling volume of gold was slightly below the previous fiscal year’s level due to a slowdown in overseas smartphone production, the volume of other precious metals products increased and precious metals prices remained above the year-earlier level, resulting in sales of ¥5,964.776 million, up 5.3% from the year-earlier quarter.」
While the handling volume of gold declined slightly due to the slowdown in smartphone production, sales increased as the volume of other precious metals products rose and precious metals prices increased. - FY2018-Q2MitigatedAnnual report
「As noted above, the handling volume of gold was slightly below the previous fiscal year’s level, but precious metals prices remained above the year-earlier level, and sales amounted to ¥4,132.754 million, up 7.1% from the year-earlier quarter.」
Although the handling volume of gold was slightly below the previous fiscal year’s level, precious metals prices exceeded the year-earlier level, and Precious Metals Business sales increased 7.1% from the year-earlier quarter. - FY2018-Q1MitigatedAnnual report
「As noted above, precious metals handling volume declined slightly, but precious metals prices remained above the year-earlier level, and sales amounted to ¥2,014.516 million, up 7.9% from the year-earlier quarter.」
Although precious metals handling volume declined slightly, precious metals prices exceeded the year-earlier level, and Precious Metals Business sales increased 7.9% from the year-earlier quarter. - FY2017MitigatedAnnual report
「The company’s precious metals handling volume exceeded the previous fiscal year’s level. As the price of gold also exceeded the previous fiscal year’s level, sales amounted to ¥8,383.700 million, up 7.6% year on year.」
Precious metals handling volume and the gold price exceeded the previous fiscal year’s levels, mitigating the downward pressure on sales from falling precious metals prices and the transaction mix during the period. - FY2017-Q3RestatedAnnual report
「Production in the electronic components and devices industry, where the business’s main customers operate, remained generally firm, and the company’s precious metals handling volume also increased. As precious metals prices averaged around the year-earlier level and the handling volume at overseas subsidiaries also increased, sales amounted to ¥5,662.956 million, up 5.9% from the year-earlier quarter.」
Precious metals prices were around the year-earlier level, while domestic and overseas handling volume and Precious Metals Business sales increased. - FY2017-Q2MitigatedAnnual report
「Production in the electronic components and devices industry, where the business’s main customers operate, remained generally firm, and the company’s precious metals handling volume also increased. As precious metals prices averaged around the year-earlier level and the handling volume at overseas subsidiaries also increased, sales amounted to ¥3,859.635 million, up 9.2% from the year-earlier quarter.」
Precious metals prices were around the year-earlier level, while handling volume and sales increased both domestically and overseas. This filing does not state the share of contract processing transactions. - FY2017-Q1RestatedAnnual report
「The domestic handling volume of precious metals exceeded the year-earlier level, with the handling volume of gold, the company’s flagship product, increasing 20% year on year. The handling volume of precious metals at overseas subsidiaries also increased, and total group-wide handling volume rose steadily. Meanwhile, the share of contract processing transactions, in which only processing fees are recorded as sales without any purchase or sale of products, also increased. As the increase in contract processing transactions exceeded the increase in handling volume, sales amounted to ¥1,866.888 million, down 0.3% from the year-earlier quarter.」
Although the handling volume of precious metals, including gold, increased, the share of contract processing transactions rose further, and the structural disconnect between higher handling volume and higher sales continued. - FY2016RestatedAnnual report
「Although the handling volume of gold, the company’s flagship product, exceeded the previous fiscal year’s level, product sales volume declined as the share of contract processing transactions increased. As precious metals selling prices were also below the previous fiscal year’s level, sales amounted to ¥7,042.136 million, down 13.4% year on year.」
The handling volume of gold increased, while sales volume declined as the share of contract processing transactions rose, and precious metals prices continued to fall. - FY2016-Q3First statedAnnual report
「The price of gold, the company’s flagship product, was below the previous fiscal year’s level due to the impact of reduced monetary easing in the United States, but remained firm.」
The gold price was below the previous fiscal year’s level, and sales volume also fell below the year-earlier level as the share of contract processing transactions increased. Sales in the Precious Metals Business fell 15.8% year on year.