Demand Adjustment for TILOP for LCD Applications and Declining Sales Volume of Titanium Powder
First written in FY2017-Q2. 12 of 32 entries say "Mitigated", first in FY2019-Q2. Latest entry: 2026-08-07.
OSAKA Titanium technologies moved to the "Worse" side of this theme in 2023, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 6 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「In the advanced materials business as well, the adjustment phase in the semiconductor market excluding AI-related applications is continuing.」
The continuing adjustment phase in the semiconductor market excluding AI-related applications was reiterated. - FY2026WorsenedAnnual report
「Net sales in the High-Performance Materials business for the fiscal year were ¥6,507 million, down 2.5% year on year. The semiconductor market excluding AI-related applications remained in an adjustment phase, while the previous year's sales volume of high-purity titanium for semiconductor-related sputtering targets included the benefit of increased spot orders from certain customers.」
The reversal of the temporary increase in high-purity titanium sales in the previous interim accounting period, together with the continued adjustment in the semiconductor market excluding AI-related applications, resulted in a 2.5% decline in full-year revenue and a 22.8% decline in operating profit. - 2026-05-14WorsenedEarnings
「Amid the continuing downturn in demand in the semiconductor market excluding AI-related applications, the previous corresponding period included the effect of increased spot orders from certain customers for high-purity titanium used in sputtering targets for semiconductor applications. As a result, net sales were ¥6,507 million, down 2.5% year on year.」
Demand in the semiconductor market remained weak, and the reversal of the increase in spot orders in the previous year also contributed to the decline in net sales in the advanced materials business. - FY2026-H1WorsenedAnnual report
「Net sales in the High-Performance Materials business for the interim accounting period were ¥3,342 million, down 8.2% year on year, because the previous year's sales volume of high-purity titanium for semiconductor-related sputtering targets included the benefit of increased spot orders from certain customers.」
Amid the continued adjustment in the semiconductor and electronic materials markets, net sales in the High-Performance Materials business declined 8.2% year on year, partly because of the reversal of the increase in spot orders in the previous year. Demand adjustment risk, which had temporarily eased in the previous interim accounting period, re-emerged as lower sales. - FY2025-H1MitigatedAnnual report
「During the interim accounting period, net sales in the advanced materials business increased 74.0% year on year to ¥2,256 million, as sales volumes of high-purity titanium for semiconductor-related sputtering targets temporarily increased due to the recovery of inventory levels at customers and other factors.」
Sales volume of high-purity titanium for semiconductor-related applications temporarily increased because of the recovery in customers' inventories and other factors, resulting in a 74.0% year-on-year increase in net sales. Although the impact of lower sales caused by the semiconductor market adjustment through the previous fiscal year appeared to have eased in the results for the interim accounting period, it was also described as temporary. - FY2024WorsenedAnnual report
「During the current fiscal year, net sales fell 20.5% year on year to ¥3,023 million due to lower sales volumes of high-purity titanium for sputtering targets and spherical titanium alloy powder (alloy TILOP).」
Weakness and adjustment in semiconductor-related demand continued despite the previous recovery. Lower sales of high-purity titanium and alloy TILOP resulted in a 20.5% decline in revenue in the High-Performance Materials business and an operating loss of ¥126 million. - FY2024-Q3WorsenedAnnual report
「Sales in the High-Performance Materials business during the cumulative period of the third quarter declined because sales of high-purity titanium for semiconductor-related sputtering targets decreased. Net sales were ¥2,015 million, down 34.7% year on year.」
Lower sales of high-purity titanium for semiconductor-related applications resulted in a 34.7% year-on-year decline in net sales in the High-Performance Materials business. The adjustment phase in semiconductor- and powdered titanium-related demand, which had previously been recovering, continued. - FY2024-Q2WorsenedAnnual report
「Sales in the High-Performance Materials business during the cumulative period of the second quarter declined because sales of high-purity titanium for semiconductor-related sputtering targets decreased and for other reasons. Net sales were ¥1,297 million, down 41.7% year on year.」
Lower sales of high-purity titanium for semiconductor-related applications resulted in a 41.7% year-on-year decline in net sales in the High-Performance Materials business, which recorded an operating loss of ¥159 million. The impact of adjustment risk in semiconductor and powdered titanium demand increased from the previous quarter. - FY2024-Q1WorsenedAnnual report
「In the advanced materials business, the downturn in the semiconductor market that began last autumn has continued.」
Semiconductor-related demand, which had recovered in the previous fiscal year, continued to decline from the market downturn that began last autumn. Net sales in the High-Performance Materials business declined 33.1% year on year because of lower sales of high-purity titanium. - FY2023WorsenedAnnual report
「Global semiconductor demand has deteriorated rapidly recently, and the outlook requires close monitoring.」
Although sales in the High-Performance Materials business increased, the disclosure stated that semiconductor-related demand, which had previously been recovering, had recently deteriorated rapidly and required close monitoring going forward. - FY2023-Q3MitigatedAnnual report
「In the advanced materials business, net sales increased 29.8% year on year to ¥3,087 million, as higher sales of semiconductor-related high-purity titanium for sputtering targets and spherical titanium alloy powder continued.」
In contrast to the previous adjustment in semiconductor and powdered titanium demand, sales of high-purity titanium and spherical titanium alloy powder continued to increase. Net sales in the High-Performance Materials business also increased 29.8% year on year, and the impact of demand adjustment risk continued to ease. - FY2023-Q1MitigatedAnnual report
「In the advanced materials business, net sales increased 38.9% year on year to ¥1,081 million, due mainly to higher sales of high-purity titanium for semiconductor-related sputtering targets.」
Semiconductor-related demand, which had been weak in the previous fiscal year, turned upward, increasing sales of high-purity titanium. Net sales in the High-Performance Materials business also increased 38.9% year on year, indicating that the impact of demand adjustment risk had eased. - FY2022MitigatedAnnual report
「In the advanced materials business, as semiconductor-related demand remained robust, sales of high-purity titanium for sputtering targets continued to increase, and together with higher sales of high-quality spherical titanium powder (TILOP), net sales increased 30.9% year on year to ¥3,217 million.」
Continued strength in semiconductor-related demand and increased sales of high-purity titanium and spherical titanium powder further eased demand adjustment risk in the High-Performance Materials business. - FY2022-Q3MitigatedAnnual report
「In the advanced materials business, amid continued robust semiconductor-related demand, high-purity titanium for sputtering targets continued to perform solidly, and together with higher sales of spherical titanium powder, net sales increased 32.4% year on year to ¥2,378 million.」
High-purity titanium remained firm on continued strength in semiconductor-related demand, and sales of spherical titanium powder also increased. The recovery from the previous demand adjustment and weak shipments continued, further easing the impact of demand risk. - FY2022-Q2MitigatedAnnual report
「In the advanced materials business, amid continued robust semiconductor-related demand, high-purity titanium for sputtering targets continued to perform solidly, and together with higher sales of spherical titanium powder, net sales increased 29.7% year on year to ¥1,498 million.」
Continued strength in semiconductor-related demand and increased sales of spherical titanium powder were reported, indicating that demand adjustment risk in the High-Performance Materials business had eased. - FY2021-Q3MitigatedAnnual report
「Meanwhile, in the advanced materials business, net sales increased 23.7% year on year to ¥1,797 million, due mainly to higher net sales of high-purity titanium, a raw material for sputtering targets, following an increase in semiconductor-related demand.」
Semiconductor-related demand, which had been weak in the previous fiscal year, turned upward during the cumulative period of the third quarter, increasing sales of high-purity titanium and net sales in the High-Performance Materials business. The impact of demand adjustment risk was reported as having eased. - FY2021-Q2MitigatedAnnual report
「Meanwhile, in the advanced materials business, net sales increased 18.7% year on year to ¥1,155 million, due mainly to higher net sales of high-purity titanium, a raw material for sputtering targets, following the recovery in semiconductor-related demand.」
Semiconductor-related demand, which had deteriorated in the previous fiscal year, continued to recover, increasing sales of high-purity titanium. Net sales in the High-Performance Materials business also increased 18.7% year on year, indicating that the impact of demand risk had eased. - FY2021-Q1MitigatedAnnual report
「Meanwhile, in the High-Performance Materials business, sales of high-purity titanium, a raw material for sputtering targets, increased because of the recovery in semiconductor-related demand and other factors. As a result, net sales were ¥595 million, up 45.4% year on year.」
Semiconductor-related demand, which had deteriorated from the previous fiscal year, recovered during the quarter, increasing sales of high-purity titanium. Net sales in the High-Performance Materials business as a whole also increased 45.4% year on year. - FY2020WorsenedAnnual report
「In the High-Performance Materials business, sales of high-purity titanium, a raw material for sputtering targets, declined because of the slowdown in semiconductor-related demand and other factors. As a result, net sales were ¥1,967 million, down 4.5% year on year.」
Sales of high-purity titanium declined because of the slowdown in semiconductor-related demand, and segment profit in the High-Performance Materials business declined 91.7% year on year. - FY2020-Q3RestatedAnnual report
「In the advanced materials business, net sales fell 7.9% year on year to ¥1,452 million, due mainly to continued sluggish shipments of high-purity titanium amid the delayed recovery of the semiconductor market.」
Shipments of high-purity titanium remained weak because of the delayed recovery in the semiconductor market, and net sales in the High-Performance Materials business declined 7.9% year on year. The deterioration in the demand environment has continued from the previous quarter. - FY2020-Q2WorsenedAnnual report
「In the advanced materials business, net sales fell 11.6% year on year to ¥973 million as shipments of high-purity titanium declined due to the slowdown in the semiconductor market.」
Rather than the previously reported growth in semiconductor demand, the disclosure cited lower shipments of high-purity titanium due to a slowdown in the semiconductor market, indicating a deterioration in the demand environment for the High-Performance Materials business. - FY2020-Q1WorsenedAnnual report
「In the High-Performance Materials business, shipments of high-purity titanium declined amid weak semiconductor demand. In addition, shipments of spherical titanium alloy powder (alloy TILOP) and high-purity titanium were concentrated in the second half of the fiscal year. As a result, net sales were ¥409 million, down 27.5% year on year.」
Previously, increased demand for high-purity titanium accompanying growth in semiconductor demand had been reported. This time, lower shipments of high-purity titanium due to weak semiconductor demand were reported. Net sales in the High-Performance Materials business also declined 27.5% year on year. - FY2019MitigatedAnnual report
「Although demand for high-purity spherical titanium powder (high-purity TILOP) and spherical titanium alloy powder (alloy TILOP) increased, net sales fell 11.3% year on year to ¥2,060 million due to lower sales volumes of high-purity titanium.」
Demand for TILOP, for which a demand adjustment had previously been reported, increased, indicating that demand risk for powdered titanium for LCD applications and other uses had eased. However, the business as a whole posted lower revenue because of the decline in sales volume of high-purity titanium. - FY2019-Q3MitigatedAnnual report
「In the High-Performance Materials business, sales volume of titanium powder (TILOP) for LCD panel applications increased, but sales volume of high-purity titanium declined. As a result, net sales were ¥1,577 million, down 7.9% year on year.」
Sales volume of TILOP for LCD panel applications, for which a demand adjustment had previously been reported, increased. However, total net sales in the High-Performance Materials business declined 7.9% year on year because of lower sales volume of high-purity titanium. - FY2019-Q2MitigatedAnnual report
「In the advanced materials business, although sales volumes of titanium powder for liquid-crystal panel applications (TILOP) and titanium alloy powder increased, net sales were essentially unchanged year on year at ¥1,101 million, due mainly to the delayed timing of high-purity titanium shipments, down 0.2% year on year.」
For TILOP for LCD panel applications, for which a demand adjustment had previously been reported, sales volume increased during the cumulative period of the quarter. Overall business revenue was flat because of shipment timing differences for high-purity titanium and other factors. - FY2018RestatedAnnual report
「Sales volume of high-purity titanium increased with the growth in semiconductor demand, but sales volume of powdered titanium declined because of the demand adjustment for TILOP for LCD panel applications.」
The divergence by application was reiterated: demand for high-purity titanium increased, while sales volume of powdered titanium declined because of the demand adjustment for TILOP for LCD panel applications. - FY2018-Q3RestatedAnnual report
「In the High-Performance Materials business, sales of high-purity titanium increased with the growth in semiconductor demand. However, sales volume of powdered titanium declined because of the demand adjustment for TILOP (Tyrop) for LCD applications. As a result, net sales in the High-Performance Materials business were approximately unchanged at ¥1,713 million, down 0.5% year on year.」
The divergence by application continued to be evident: sales of high-purity titanium increased, while sales volume of powdered titanium declined because of the demand adjustment for TILOP for LCD applications. Net sales in the High-Performance Materials business were broadly flat, down 0.5% year on year. - FY2018-Q2RestatedAnnual report
「In the High-Performance Materials business, sales of high-purity titanium increased with the growth in semiconductor demand. However, sales volume of powdered titanium declined because of the demand adjustment for TILOP (Tyrop) for LCD applications. As a result, net sales in the High-Performance Materials business were ¥1,102 million, down 4.7% year on year.」
The divergence by application continued to be evident: sales of high-purity titanium increased, while sales volume of powdered titanium declined because of the demand adjustment for TILOP for LCD applications. - FY2018-Q1RestatedAnnual report
「In the High-Performance Materials business, demand for high-purity titanium increased with the growth in semiconductor demand. However, sales volume of powdered titanium declined because of the demand adjustment for TILOP (Tyrop) for LCD applications. As a result, net sales in the High-Performance Materials business were ¥556 million, down 3.3% year on year.」
The divergence by application continued to be evident: demand for high-purity titanium increased, while sales volume of powdered titanium declined because of the demand adjustment for TILOP for LCD applications. - FY2017RestatedAnnual report
「In the High-Performance Materials business, demand for high-purity titanium increased with the growth in semiconductor demand, but sales of powdered titanium declined because of the demand adjustment for TILOP for LCD panel applications.」
The divergence by application was reiterated: demand for high-purity titanium increased, while sales of powdered titanium declined because of the demand adjustment for TILOP for LCD panel applications. - FY2017-Q3RestatedAnnual report
「In the High-Performance Materials business, demand for high-purity titanium increased with the growth in semiconductor demand. However, sales of powdered titanium declined because demand for TILOP (Tyrop) for LCD panel applications was undergoing an adjustment phase. As a result, net sales in the High-Performance Materials business were ¥1,721 million, down 1.1% year on year.」
The demand adjustment for TILOP for LCD panel applications continued to be reported, resulting in lower sales of powdered titanium. - FY2017-Q2First statedAnnual report
「In the High-Performance Materials business, demand for high-purity titanium increased with the growth in semiconductor demand. However, sales volume of powdered titanium declined because demand for TILOP (Tyrop) for LCD applications was undergoing an adjustment phase. As a result, net sales were ¥1,157 million, down 4.8% year on year.」
Demand trends diverged by application in the High-Performance Materials business. The demand adjustment for TILOP for LCD applications resulted in lower powdered titanium sales volume and lower revenue in the business.