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OSAKA Titanium technologies (5726) · InitiativeAchieved

Withdrawal from the Polysilicon Business and Cancellation of the Long-Term Sales and Purchase Agreement with SUMCO

First written in FY2019-Q3. 2 of 3 entries say "Achieved", first in FY2019. Latest entry: FY2022-Q2.

3entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseAchievedFY2019 – FY2022-Q22019: 220192020: 020202021: 12021
Same theme, other companies
Stabilization of the Silicon Business and Transfer of the Business to SUMCOA theme 2 companies write about · 1 as a headwind · 1 as a tailwind

1 other company's latest entry also says "Achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2022-Q2AchievedAnnual report

    「The sale of remaining inventories from the exited polysilicon business was completed during the fiscal year.」

    The sale of inventory remaining after the withdrawal from the polysilicon business was completed during the period, indicating that the remaining disposal work associated with the withdrawal had also been completed.
  2. FY2019AchievedAnnual report

    「As the Company withdrew from the business during the fiscal year, net sales were ¥8,892 million, down 16.3% year on year.」

    Withdrawal from the polysilicon business was completed during the fiscal year, and a withdrawal loss of ¥12,862 million and cancellation fees of ¥10,000 million were recorded.
  3. FY2019-Q3First statedAnnual report

    「The Company resolved at a meeting of its Board of Directors held on 28 November 2018 to withdraw from the polysilicon business after mutually cancelling its long-term purchase and sale agreement with SUMCO Corporation effective 31 March 2019. It expects to record a business withdrawal loss of ¥12,416 million as an extraordinary loss for the cumulative third quarter period and ¥12,700 million for the cumulative fourth quarter period. It also expects to record ¥10,000 million in cancellation fees related to the termination of the long-term purchase and sale agreement as extraordinary income in the fourth quarter.」

    The resolution of the Board of Directors dated 28 November 2018 first explicitly stated the policy of cancelling the long-term purchase and sale agreement with SUMCO effective 31 March 2019 and withdrawing from the polysilicon business. A withdrawal loss of ¥12,416 million was recorded for the cumulative third quarter period, while ¥12,700 million is expected to be recorded for the cumulative fourth quarter period; cancellation fees of ¥10,000 million are also expected to be recorded as extraordinary income.
Moved together

"Fluctuations in Titanium Demand Driven by the Aircraft Industry and the Global Economy" moved the same way as this thread, in the same document, in 2 of its 3 moves.

2222★1234
  1. ★This thread
  2. 1Fluctuations in Titanium Demand Driven by the Aircraft Industry and the Global Economy2×
  3. 2Demand Adjustment for TILOP for LCD Applications and Declining Sales Volume of Titanium Powder2×
  4. 3Expanding global market share with the titanium business as a core growth driver2×
  5. 4Foreign exchange risk from excess US dollar receipts2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Withdrawal from the Polysilicon Business and Cancellation of the Long-Term Sales and Purchase Agreement with SUMCO | OSAKA Titanium technologies Co.,Ltd. (5726) | Komori