Expanding global market share with the titanium business as a core growth driver
First written in FY2016. 23 of 34 entries say "Advanced", first in FY2017. Latest entry: FY2026.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Revenue from the titanium business for the fiscal year was ¥40,444 million, down 10.6% year on year.」
Export revenue for aircraft applications increased only 1.5% year on year, while domestic revenue declined 42.8%. Revenue from the titanium business overall fell 10.6% and operating profit fell 48.1%, indicating that performance in the business positioned as the core of growth had deteriorated from the previous fiscal year. - FY2026-H1Higher revenue but lower profit, with exports up and domestic sales sharply downAnnual report
「Revenue from the titanium business during the interim accounting period was affected by lower export selling prices and a temporary decline in demand caused by the quality issue and strike at Boeing last year. However, export revenue increased 25.6% year on year as demand for engine MRO (maintenance, repair and overhaul) associated with the increase in the number of aircraft in operation and demand from Airbus remained firm. Meanwhile, domestic revenue, primarily from general industrial applications, fell sharply, down 57.5% year on year, due to sluggish demand and continuing inventory adjustments by customers and end users. As a result, revenue from the titanium business was ¥23,582 million, up 4.4% year on year.」
Revenue from the titanium business overall increased 4.4% year on year, with export revenue up 25.6% while domestic revenue fell 57.5%. As export and domestic sales trends diverged, operating profit was ¥3,345 million, down 40.6% year on year. - FY2025-H1Diverging sales trends and an overall decline in revenueAnnual report
「As customers completed inventory optimization and shifted to procurement in line with actual demand, revenue from exported sponge titanium, primarily for aircraft applications, increased 2.7% year on year, while revenue from domestic sponge titanium, primarily for general industrial applications, decreased 24.2%. As a result, revenue from the titanium business was ¥23,968 million, down 6.7% year on year.」
Export sales increased 2.7% year on year, while domestic sales declined 24.2%, resulting in a 6.7% decline in revenue from the titanium business overall. Sales trends diverged by application as customers completed inventory optimization and shifted to procurement in line with actual demand. Operating profit increased due to sales-price adjustments and operating improvements, among other factors, and no change in the growth policy itself was stated. - FY2024AdvancedAnnual report
「Regarding the business environment surrounding the Company, aircraft demand in the titanium business has shifted from recovery toward a growth trajectory, and demand for sponge titanium has continued to increase as the effects of the global restructuring of the titanium supply chain continue.」
As aircraft demand moved onto a growth trajectory and demand for sponge titanium strengthened further, revenue from the titanium business was ¥52,299 million, up 33.2% year on year. - FY2024-Q3AdvancedAnnual report
「During the cumulative third quarter, sales in the titanium business benefited from increased volume, price adjustments and a weaker yen. Revenue from exported sponge titanium, primarily for aircraft applications, increased 45.0% year on year. Domestic sponge titanium, primarily for general industrial applications, also remained firm and increased 32.3%. As a result, revenue from the titanium business was ¥39,300 million, up 40.5% year on year.」
As aircraft demand shifted from recovery toward a growth trajectory, revenue from exported and domestic sponge titanium increased 45.0% and 32.3% year on year, respectively, while the titanium business overall increased 40.5%. Measurable progress was shown under the policy of making the titanium business the core of growth. - FY2024-Q2AdvancedAnnual report
「Regarding the business environment surrounding the Company, in the titanium business, aircraft demand has shifted from recovery toward a growth trajectory while the effects of the global restructuring of the titanium supply chain following Russia's invasion of Ukraine continue, further strengthening demand for sponge titanium.」
As aircraft demand shifted from recovery toward a growth trajectory and demand for sponge titanium strengthened further, revenue from exported sponge titanium increased 52.6% year on year, domestic sponge titanium revenue increased 39.1%, and revenue from the titanium business increased 47.6%. - FY2024-Q1AdvancedAnnual report
「In the titanium business, aircraft demand is shifting from recovery toward a growth trajectory, while the global titanium supply chain continues to be restructured following Russia's invasion of Ukraine, further strengthening demand for sponge titanium.」
Aircraft demand was shifting from recovery toward a growth trajectory, and demand was strengthening further against a backdrop of supply-chain restructuring. Export revenue increased 72.2% year on year, domestic revenue increased 83.1%, and revenue from the titanium business increased 75.9%. - FY2023AdvancedAnnual report
「Returning to a sustainable growth strategy centered on the titanium business against a backdrop of the market's return to a growth trajectory」
Against a backdrop of recovering aircraft demand and the restructuring of the titanium supply chain, revenue from the titanium business increased 57.0% year on year, while exported and domestic sponge titanium revenue increased 59.9% and 51.9%, respectively. The return to a growth strategy centered on the titanium business was demonstrated by the performance figures. - FY2023-Q3AdvancedAnnual report
「In addition to the gradual recovery in aircraft demand, demand for sponge titanium has continued to increase as the titanium supply chain is restructured. Against this backdrop, revenue from exported sponge titanium, primarily for aircraft applications, increased 52.4% year on year, while revenue from domestic sponge titanium and other products, primarily for general industrial applications, increased 77.2%. As a result, revenue from the titanium business was ¥27,967 million, up 60.4% year on year.」
Against a backdrop of gradually recovering aircraft demand and increased demand resulting from supply-chain restructuring, revenue from exported and domestic sponge titanium increased 52.4% and 77.2% year on year, respectively, while the titanium business overall increased 60.4%. Recovery and growth under the policy of making the titanium business the core of growth advanced further. - FY2023-Q2AdvancedAnnual report
「In addition to the gradual recovery in aircraft demand, demand for sponge titanium has continued to increase as the titanium supply chain is restructured. Against this backdrop, revenue from exported sponge titanium, primarily for aircraft applications, increased 69.6% year on year, while revenue from domestic sponge titanium and other products, primarily for general industrial applications, increased 88.4%. As a result, revenue from the titanium business was ¥17,407 million, up 76.1% year on year.」
Against a backdrop of gradually recovering aircraft demand and increased demand resulting from the restructuring of the titanium supply chain, export revenue increased 69.6% year on year, domestic revenue increased 88.4%, and revenue from the titanium business increased 76.1%. The recovery advanced further from the previous quarter. - FY2023-Q1AdvancedAnnual report
「In addition to the gradual recovery in aircraft demand, signs have begun to emerge that demand is recovering ahead of schedule due to efforts to restructure the sponge titanium supply chain. However, raw material and fuel costs, particularly titanium feedstock and coal prices, as well as ocean freight costs, remain elevated. Against this backdrop, revenue from exported sponge titanium, primarily for aircraft applications, increased 43.0% year on year, while revenue from domestic sponge titanium and other products, primarily for general industrial applications, increased 48.0%. As a result, revenue from the titanium business was ¥7,621 million, up 44.7% year on year.」
Signs emerged that the gradual recovery in aircraft demand was being brought forward by the restructuring of the sponge titanium supply chain. Export revenue increased 43.0% year on year, domestic revenue increased 48.0%, and total revenue from the titanium business increased 44.7%, indicating measurable progress in the recovery of the titanium business, the core of growth. - FY2022AdvancedAnnual report
「In our titanium business, although aircraft demand was still recovering, revenue from exported sponge titanium, primarily for aircraft applications, increased 80.8% year on year as order volumes rose gradually. Domestic demand for sponge titanium, primarily for general industrial applications, also recovered gradually and increased 65.7%. As a result, revenue from the titanium business was ¥25,020 million, up 74.9% year on year.」
Revenue from exported sponge titanium for aircraft applications increased 80.8% year on year, while domestic sponge titanium revenue increased 65.7%, resulting in a 74.9% increase in revenue from the titanium business. However, aircraft demand was still in the process of recovering. - FY2022-Q3AdvancedAnnual report
「In our titanium business, revenue from exported sponge titanium, primarily for aircraft applications, increased 103.5% year on year despite aircraft demand still being in the process of recovery. Revenue from domestic sponge titanium, primarily for general industrial applications, also remained on a recovery trend and increased 66.7%. As a result, revenue from the titanium business was ¥17,439 million, up 90.0% year on year.」
Although aircraft demand was still recovering, revenue from exported sponge titanium increased 103.5% year on year and domestic sponge titanium revenue increased 66.7%, resulting in a 90.0% increase for the titanium business overall. The recovery trend through the previous quarter advanced further, accompanied by measurable improvements. - FY2022-Q2AdvancedAnnual report
「In the second quarter, demand for exported sponge titanium, primarily for aircraft applications, had bottomed out, but aircraft demand was still in the process of recovering, limiting the year-on-year increase in revenue to 50.3%. Domestic demand for sponge titanium, primarily for general industrial applications, was also still recovering, limiting the increase to 30.1%. As a result, revenue from the titanium business was ¥9,884 million, up 42.6% year on year.」
Although aircraft demand was still recovering, revenue from exported sponge titanium increased 50.3% year on year and domestic revenue increased 30.1%, resulting in a 42.6% increase in revenue from the titanium business. The recovery trend through the previous quarter continued to advance, accompanied by measurable improvements. - FY2022-Q1Signs of a recovery trendAnnual report
「However, since the second quarter of fiscal 2020, revenue from exported sponge titanium has continued to increase quarter after quarter, and a recovery trend is expected going forward, particularly for small and medium-sized aircraft.」
Revenue from exported sponge titanium in the titanium business fell 10.8% year on year, but increased every quarter from the second quarter of fiscal 2020, indicating an expected recovery trend centered on small and medium-sized aircraft. - FY2021WorsenedAnnual report
「The Company withdrew from the polysilicon business in fiscal 2018 and has since positioned the titanium business at the core of its growth strategy. At the same time, it has been pursuing the expansion and growth of new businesses as it works to transform its business portfolio. However, the global spread of COVID-19 caused demand for titanium for aircraft applications to decline sharply, and the business environment remains challenging.」
Although the policy of positioning the titanium business at the core of the growth strategy was maintained, its revenue fell 59.7% year on year due to the sharp decline in aircraft-related demand, and the segment loss was ¥3,923 million. - FY2021-Q3WorsenedAnnual report
「In our business, export sales, primarily for aircraft applications, fell 63% year on year, while domestic sales, primarily for general industrial applications, fell 67%. As a result, revenue from the titanium business was ¥9,178 million, down 64.9% year on year.」
Both export and domestic revenue from the titanium business fell sharply, and business revenue declined 64.9% year on year. The decline widened from the 61.4% decrease in the cumulative period through the previous quarter, and performance in the titanium business, the core of growth, deteriorated further. - FY2021-Q2WorsenedAnnual report
「In our business, export sales, primarily for aircraft applications, fell 61% year on year, while domestic sales, primarily for general industrial applications, fell 62%. As a result, revenue from the titanium business was ¥6,930 million, down 61.4% year on year.」
Both export and domestic revenue from the titanium business fell by approximately 60%, and total business revenue declined 61.4% year on year. The growth performance deteriorated further from the decline recorded in the previous quarter. - FY2021-Q1WorsenedAnnual report
「In our business, export sales, primarily for aircraft applications, fell sharply by approximately 29% year on year, while domestic sales, primarily for general industrial applications, fell approximately 41%. As a result, revenue from the titanium business was ¥5,852 million, down 33.7% year on year.」
Due in part to the decline in aircraft demand caused by the spread of COVID-19, both export and domestic revenue from the titanium business fell sharply, and its growth performance turned to a 33.7% year-on-year decline. - FY2020AdvancedAnnual report
「Revenue from the titanium business was ¥35,453 million, up 8.4% year on year.」
Under the growth strategy centered on the titanium business, revenue from export aircraft applications increased approximately 16% year on year, while total revenue from the titanium business increased 8.4%. - FY2020-Q3AdvancedAnnual report
「In our business, growth in domestic demand for general industrial applications showed signs of slowing, but revenue from the titanium business increased with rising export demand for aircraft applications. Revenue was ¥26,153 million, up 9.8% year on year.」
Cumulative third-quarter revenue from the titanium business increased 9.8% year on year due to rising export demand for aircraft applications. A slowing trend in domestic demand for general industrial applications was also noted. - FY2020-Q2AdvancedAnnual report
「In our business, growth in domestic demand for general industrial applications showed signs of slowing, but export demand for aircraft applications expanded further. As a result, revenue from the titanium business was ¥17,940 million, up 22.0% year on year.」
While domestic demand for general industrial applications showed signs of slowing, export demand for aircraft applications expanded further, resulting in a 22.0% year-on-year increase in revenue from the titanium business. - FY2020-Q1AdvancedAnnual report
「In our business, demand in Japan for general industrial applications, including plate-type heat exchangers and power plants, remained firm, while export demand for aircraft applications expanded further. As a result, revenue from the titanium business was ¥8,829 million, up 41.9% year on year.」
Domestic demand for general industrial applications remained firm, while aircraft-related demand expanded further, resulting in a 41.9% year-on-year increase in revenue from the titanium business. - FY2019AdvancedAnnual report
「Revenue from the titanium business was ¥32,713 million, up 7.3% year on year.」
Demand for aircraft applications and domestic general industrial applications remained firm, and revenue from the titanium business increased 7.3% year on year. - FY2019-Q3AdvancedAnnual report
「In the titanium business, export sales increased as aircraft production remained firm, while domestic demand for general industrial applications, including plate-type heat exchangers and power plants, also increased. As a result, revenue from the titanium business was ¥23,808 million, up 7.2% year on year.」
In addition to firm aircraft-related demand, domestic demand for general industrial applications also increased, resulting in a 7.2% year-on-year increase in cumulative third-quarter revenue from the titanium business. - FY2019-Q2AdvancedAnnual report
「In our business, aircraft production remained firm for export-oriented titanium, while demand in Japan for general industrial applications, including plate-type heat exchangers and power plants, was also recovering. As a result, revenue from the titanium business was ¥14,701 million, up 4.1% year on year.」
Cumulative second-quarter revenue from the titanium business increased 4.1% year on year, supported by firm aircraft production and a recovery trend in domestic demand for general industrial applications. - FY2018AchievedAnnual report
「Under the previous medium-term management plan, the basic policy was to make the titanium business the core of growth and increase its share of the global market at a rate exceeding market growth. Under this policy, the Company worked to capture expanding demand for aircraft applications and achieved increases in sales volume and market share, as well as」
The Company concluded that the previous medium-term management plan had achieved increases in titanium sales volume and market share. The new medium-term management plan also positions the capture of aircraft-related demand as a pillar of its growth strategy. - FY2018-Q3AdvancedAnnual report
「In the titanium business, export sales increased as aircraft production remained firm and the exchange rate remained weaker against the yen. Domestic sales also increased as demand for general industrial applications recovered. As a result, revenue from the titanium business was ¥22,214 million, up 22.7% year on year, with the growth rate accelerating further from the 18.0% increase recorded for the cumulative second quarter.」
Revenue from the titanium business increased 22.7% year on year, and the rate of increase also accelerated from the cumulative second quarter. Firm aircraft-related demand and a recovery in domestic demand for general industrial applications were cited as growth drivers. - FY2018-Q2AdvancedAnnual report
「In the titanium business, export sales increased because aircraft production remained firm and the exchange rate remained weaker against the yen than in the same period of the previous year. Domestic sales also increased as demand for general industrial applications recovered. As a result, revenue from the titanium business was ¥14,117 million, up 18.0% year on year.」
Revenue from the titanium business increased 18.0% year on year, supported by firm aircraft-related demand and a recovery in domestic demand for general industrial applications. Although no figures were provided for global market-share expansion itself, the business's growth performance was reported. - FY2017AdvancedAnnual report
「At present, demand for titanium in the aircraft industry is increasing as expected, and based on the titanium business expansion strategy described above, our export sales volume is increasing at a rate exceeding market growth.」
It stated that aircraft demand had increased as expected and that export sales volume had grown faster than the market, demonstrating concrete progress toward the policy of expanding global market share. - FY2016First statedAnnual report
「The Company aims to make the titanium business, where aircraft demand is expected to expand, the core of growth and to increase its share of the global market at a rate exceeding market growth.」
This was presented as a basic policy under the medium-term management plan covering fiscal 2015 through fiscal 2017.