Fluctuations in Titanium Demand Driven by the Aircraft Industry and the Global Economy
First written in FY2016. 19 of 40 entries say "Mitigated", first in FY2018-Q2. Latest entry: 2026-08-25.
No other company in this theme has enough history to compare yet.
- FY2026WorsenedAnnual report
「However, the effects of inventory adjustments in the supply chain, centered on commercial aircraft manufacturers, are currently emerging.」
Although the aircraft industry as a whole was described as being on a growth trajectory, inventory adjustments within the supply chain actually affected export sales, which rose only 1.5% year on year. Sales for domestic general industrial applications also fell 42.8% due to inventory adjustments and other factors. - FY2026-H1MaterialisedAnnual report
「Titanium segment sales were affected by lower export selling prices and a temporary decline in demand resulting from Boeing's quality issues and strike last year. However, demand for engine MRO (maintenance, repair and overhaul) associated with the increase in aircraft in operation and demand from Airbus remained firm, resulting in export sales rising 25.6% year on year. In contrast, domestic sales, primarily for general industrial applications, fell sharply by 57.5% year on year due to sluggish demand and continuing inventory adjustments by customers and end users.」
The temporary decline in demand caused by Boeing's quality issues and strike was described as having affected actual export sales. Inventory adjustments within the commercial aircraft supply chain were also identified as a future concern. Export sales rose 25.6%, while domestic sales fell 57.5%. - FY2025-H1WorsenedAnnual report
「However, concern has recently arisen over the future impact on the supply chain, as Boeing, a major aircraft manufacturer, continues to face the effects of a strike in addition to quality issues.」
While aircraft demand was described as being on a growth trajectory, Boeing's quality issues and the effects of its strike continued, and concern was expressed over their potential future impact on the titanium segment's supply chain. A new specific factor was added to the external risks surrounding aircraft demand. - FY2024MitigatedAnnual report
「In the company's titanium segment, aircraft demand has shifted from recovery to a growth trajectory, and demand for titanium sponge has strengthened further amid the continuing impact of the global reorganization of the titanium supply chain.」
The shift from declining aircraft demand to a growth trajectory was evident in full-year results, with export titanium sponge sales up 38.4% and domestic titanium sponge sales up 23.9%. - FY2024-Q3MitigatedAnnual report
「Regarding the business environment surrounding the company, aircraft demand in the titanium segment has shifted from recovery to a growth trajectory, and demand for titanium sponge has strengthened further amid the continuing impact of the global reorganization of the titanium supply chain.」
Aircraft demand shifted from recovery to a growth trajectory, while titanium sponge demand strengthened further amid the continuing impact of supply chain reorganization. The adverse impact of demand volatility risk continued to appear mitigated from the decline through the previous fiscal year. - FY2024-Q2MitigatedAnnual report
「In the titanium segment, amid the continuing impact of the global reorganization of the titanium supply chain following Russia's invasion of Ukraine, aircraft demand has shifted from recovery to a growth trajectory, and demand for titanium sponge has strengthened further.」
Aircraft demand shifted to a growth trajectory, while the strengthening of titanium sponge demand resulting from supply chain reorganization continued. Export and domestic sales rose 52.6% and 39.1% year on year, respectively, and the adverse impact of demand volatility risk on performance appeared to have eased further. - FY2024-Q1MitigatedAnnual 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 described as shifting from recovery to a growth trajectory, while demand for titanium sponge was strengthening further due to supply chain reorganization. Export and domestic sales rose 72.2% and 83.1% year on year, respectively, and the adverse impact of demand volatility risk on performance appeared to have eased further. - FY2023MitigatedAnnual report
「The company believes that the impact on its titanium segment from the decline in aircraft demand and the slowdown in production activity across the supply chain, resulting from restrictions on economic activity due to COVID-19 that had continued since before the previous fiscal year, had largely come to an end as of the fiscal year under review.」
The impact of COVID-19 on aircraft demand and the supply chain was recognized as having largely come to an end as of the fiscal year under review. The recovery in aircraft demand and increases in export and domestic titanium sponge sales were also noted. - FY2023-Q3MitigatedAnnual 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.」
Aircraft demand recovered gradually, and an increase in titanium sponge demand resulting from supply chain reorganization was also noted. Export and domestic sales both increased substantially, and the adverse impact of demand volatility risk attributable to aircraft and the global economy on performance was described as having eased further. - FY2023-Q2MitigatedAnnual report
「In addition to the gradual recovery in aircraft demand, demand for titanium sponge has increased further as a result of the reorganization of the titanium supply chain.」
In addition to the gradual recovery in aircraft demand, an increase in titanium sponge demand driven by supply chain reorganization was noted. The adverse impact of demand volatility risk attributable to aircraft and the global economy on performance was described as having eased from the previous quarter. - FY2023-Q1MitigatedAnnual report
「In addition to the gradual recovery in aircraft demand, signs also began to emerge that the recovery in demand was being brought forward by the reorganization of the titanium sponge supply chain. However, raw material and fuel costs, particularly for titanium feedstock and coal, as well as ocean freight costs, remained elevated. Against this backdrop, sales of export titanium sponge, primarily for aircraft applications, rose 43.0% year on year, while sales of domestic titanium sponge and other products, primarily for general industrial applications, rose 48.0%. Both improved substantially, resulting in titanium segment sales of ¥7,621 million, up 44.7% year on year.」
In addition to the gradual recovery in aircraft demand, signs emerged that the recovery in titanium sponge demand was being brought forward. Sales of export and domestic titanium sponge both increased substantially, and the adverse impact of demand volatility risk on performance appeared to have eased further from the previous fiscal year. On the other hand, elevated raw material, fuel and ocean freight costs were also noted. - FY2022MitigatedAnnual 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.」
Although air travel demand had yet to fully recover, sales of export and domestic titanium sponge rose 80.8% and 65.7%, respectively, and the adverse impact of demand volatility risk appeared to have eased from the previous fiscal year. - FY2022-Q3MitigatedAnnual report
「In the titanium segment, sales of export titanium sponge, primarily for aircraft applications, rose 103.5% year on year despite air travel demand still being in the process of recovering, reflecting a gradual recovery trend. Sales of domestic titanium sponge, primarily for general industrial applications, also followed a recovery trend, rising 66.7%.」
Although air travel demand remained in the process of recovering, sales of export and domestic titanium sponge rose 103.5% and 66.7% year on year, respectively, and the adverse impact of demand volatility risk appeared to have eased from the previous quarter. - FY2022-Q2MitigatedAnnual report
「Air travel demand remained in the process of recovering and increased by only 50.3% year on year.」
Although air travel demand remained in the process of recovering, sales of export titanium sponge rose 50.3% year on year, and the adverse impact of demand volatility risk appeared to have eased from the previous period. - FY2022-Q1MitigatedAnnual 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.」
Sales of export titanium sponge fell 10.8% year on year, indicating that the decline in aircraft demand persisted. However, quarterly increases since the second quarter of fiscal 2020 and signs of recovery centered on small and medium-sized aircraft were observed, and the impact of demand risk was described as partially mitigated. - FY2021WorsenedAnnual report
「In the titanium segment, sales of export titanium sponge, primarily used in aircraft applications, fell sharply by 60.3% year on year, while sales of domestic titanium sponge and other products, primarily for general industrial applications, fell 58.5%. As a result, titanium segment sales amounted to ¥14,304 million, down 59.7% year on year.」
The decline in aircraft demand caused by COVID-19 materialized in full-year results, with export and domestic titanium sales down 60.3% and 58.5%, respectively. - FY2021-Q3WorsenedAnnual report
「Although passenger demand on domestic routes has shown signs of recovery, international passenger demand has declined substantially due to entry restrictions and other measures imposed by various countries. Aircraft production has also remained substantially depressed.」
While domestic routes showed signs of recovery, the substantial declines in international passenger demand and aircraft production continued. Export-oriented titanium segment sales fell 63% year on year, and the adverse impact of aircraft demand volatility risk materialized further in the results. - FY2021-Q2WorsenedAnnual report
「In addition, demand for aircraft has remained substantially depressed due to a sharp decline in passenger numbers, particularly on international routes.」
The decline in aircraft demand associated with the sharp fall in passenger numbers continued, and export-oriented titanium segment sales fell 61% year on year. The adverse impact of aircraft demand volatility risk was quantified at an even greater level than in the previous quarter. - FY2021-Q1MaterialisedAnnual report
「In addition, demand for air travel has remained substantially depressed due to a sharp decline in passenger numbers, particularly on international routes.」
The decline in passenger numbers and air travel demand caused by the spread of COVID-19 materialized, with export sales in the titanium segment down approximately 29% year on year and domestic sales down approximately 41%. - FY2020WorsenedAnnual report
「Due to the global spread of COVID-19, the resulting decline in air passenger numbers and aircraft production, and the slowdown in production activity across the supply chain, the company expects that an impact on near-term demand for titanium sponge in its titanium segment will be unavoidable.」
In addition to the conventional fluctuations in aircraft demand by economic conditions, inventories and application, the impact of lower aircraft production caused by COVID-19 and the slowdown in the supply chain was described as unavoidable. - FY2020-Q3WorsenedAnnual 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.」
While demand for aircraft for export increased, growth in demand for domestic general industrial applications showed signs of slowing. Demand trends diverged by application, and domestic demand volatility risk was described as worsening. - FY2020-Q2WorsenedAnnual 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 demand for aircraft for export expanded, growth in demand for domestic general industrial applications showed signs of slowing, resulting in divergent demand trends by application. - FY2020-Q1MitigatedAnnual 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.」
Titanium segment sales rose 41.9% year on year, driven by further expansion in aircraft demand and firm domestic demand for general industrial applications. The adverse impact of demand volatility risk appeared to have eased based on the results for the quarter under review. - FY2019MitigatedAnnual report
「In addition to the continued expansion of demand for aircraft for export, demand in Japan also remained firm for plate-type heat exchangers for general industrial use, power generation plants and other applications. As a result, titanium segment sales amounted to ¥32,713 million, up 7.3% year on year.」
Titanium segment sales rose 7.3% year on year on the back of expanding aircraft demand and firm domestic demand for general industrial applications, while the adverse impact of demand volatility risk appeared to have eased in the results for the fiscal year. - FY2019-Q3MitigatedAnnual 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.」
Titanium segment sales rose 7.2% year on year, driven by firm aircraft manufacturing and increased demand for domestic general industrial applications. The impact of demand volatility risk appeared to have eased based on the results for the cumulative period under review. - FY2019-Q2MitigatedAnnual 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.」
Titanium segment sales rose 4.1% year on year, supported by firm aircraft demand and a recovery trend in demand for domestic general industrial applications. The impact of demand volatility risk appeared to have eased based on the results for the cumulative period under review. - FY2019-Q1WorsenedAnnual report
「During the cumulative period under review, Japan's economy was on a gradual recovery trend, supported by continued improvements in corporate earnings and employment. However, the outlook remained uncertain amid concerns over rising risks from overseas trade friction and higher raw material prices.」
Aircraft manufacturing remained firm and demand for domestic general industrial applications also began to recover, while the economic outlook was described as uncertain due to rising risks from overseas trade friction and other factors. - FY2018MitigatedAnnual report
「In addition to the continued expansion of demand for aircraft for export, the effects of efforts to expand sales, primarily for airframes, resulted in sales of ¥43,431 million, up 10.8% year on year.」
Titanium segment sales rose 21.7% year on year, driven by expanding aircraft demand and increased sales, primarily for airframes. The impact of demand volatility risk appeared to have eased in the results for the fiscal year. - FY2018-Q3MitigatedAnnual 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.」
Continued strength in aircraft production and the recovery in domestic general industrial demand resulted in titanium business revenue increasing 22.7% year on year. Based on results for the cumulative quarter, the impact of demand fluctuation risk was shown to have eased. - FY2018-Q2MitigatedAnnual 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.」
Continued strength in aircraft production and the recovery in domestic general industrial demand resulted in titanium business revenue increasing 18.0% year on year. Based on results for the cumulative quarter, the impact of demand fluctuation risk was shown to have eased. - FY2018-Q1Demand recoveryAnnual report
「In our business, titanium revenue from exports increased as aircraft production remained firm. Domestic revenue also increased as demand for general industrial applications began to recover. As a result, titanium business revenue was ¥6,907 million, up 16.1% year on year.」
Aircraft production remained firm, while domestic demand for general industrial applications began to recover. Titanium business revenue increased 16.1% year on year. - FY2017RestatedAnnual report
「Although exports were affected by the stronger yen compared with the previous fiscal year, demand for aircraft rolled products continued to expand and remained firm, and revenue increased due to the effects of efforts to expand sales, primarily for aircraft components. However, the decline in domestic demand for seawater desalination projects and general industrial rolled products, including plate heat exchangers for shipbuilding and products for power plants, had a significant negative impact, and titanium business revenue was ¥25,038 million.」
Demand for aircraft applications continued to expand, while demand for seawater desalination projects and general industrial rolled products declined, indicating continued divergence in demand trends by application. - FY2017-Q3RestatedAnnual report
「In our business, domestic titanium revenue declined because, in addition to lower demand for seawater desalination projects, demand for general industrial rolled products, including plate heat exchangers for shipbuilding and products for power plants, was below initial expectations. Export revenue declined due to the stronger yen against the same period of the previous year and other factors, although aircraft production remained firm. As a result, titanium business revenue was ¥18,109 million, down 16.9% year on year.」
Aircraft production remained firm, while demand for multiple domestic applications was below initial expectations and exports were affected by the stronger yen and other factors. The existing risk of demand fluctuations continued to be disclosed. - FY2017-Q2WorsenedAnnual report
「In the titanium business, aircraft production for export remained firm and annual sales volume is expected to increase, but revenue declined due to the back-loaded shipment schedule for the fiscal year and the impact of the stronger yen. Domestic revenue also declined, as demand for seawater desalination projects fell and demand for general industrial rolled products, including plate heat exchangers for shipbuilding and products for power plants, was below initial expectations.」
Aircraft production remained firm and annual sales volume was expected to increase, but titanium business revenue fell 21.6% year on year due to the stronger yen, shipment timing, lower demand for seawater desalination projects and weaker-than-expected demand for general industrial rolled products. - FY2017-Q1MaterialisedAnnual report
「Aircraft production for export remained firm and annual sales volume is expected to increase, but sales volume in the cumulative first-quarter period declined due to inventory adjustments at some customers and the back-loaded shipment schedule for the fiscal year.」
Aircraft production remained firm, but titanium sales volume in the quarter declined due to inventory adjustments by some customers. - FY2016First statedAnnual report
「Exports of the company’s metallic titanium products, namely sponge titanium and ingots, accounted for just under 40% of total company revenue in the fiscal year, with their main application being high-quality aircraft components.」
The company stated that orders and maintenance demand from aircraft manufacturers, as well as fluctuations in the global economy, could affect its operating results.