Shipment Delays and Higher Costs Due to Polysilicon Production Problems
First written in FY2016. 2 of 7 entries say "Worsened", first in FY2021. Latest entry: FY2024.
OSAKA Titanium technologies moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2021: 5 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「In the titanium business, production equipment for sponge titanium continues to operate at high utilization rates amid strong demand resulting from supply-chain restructuring, including the shift away from Russia by European and U.S. aircraft manufacturers. Accordingly, if a production issue occurs due to unexpected inadequate equipment adjustments or problems with operating conditions, preventing the required production volume or product quality from being achieved, the company’s operating results could be affected.」
As sponge titanium equipment continues to operate at high utilization rates against a backdrop of strong demand, the risk of failing to achieve production volumes or product quality due to inadequate equipment adjustments or problems with operating conditions was described more specifically than before. - FY2021WorsenedAnnual report
「In addition, if a production issue occurs due to inadequate equipment adjustments or problems with operating conditions, preventing the required productivity or product quality from being achieved, it could affect the company’s operating results.」
In addition to serious production issues, the company identified the risk of failing to achieve required productivity and quality due to inadequate equipment adjustments or problems with operating conditions. - FY2019RestatedAnnual report
「We are working to ensure the maintenance and improvement of our facilities by carrying out preventive maintenance on all equipment, conducting safety reviews and strengthening our safety management systems. However, if a serious production issue occurs, it could affect the company’s operating results.」
The possibility of serious production issues and the company’s preventive maintenance, safety reviews and safety management systems continued to be disclosed. - FY2018Impact of past event resolved; general risk continuesAnnual report
「Operating profit was ¥3,322 million, up 62.0% year on year from ¥2,050 million in the previous fiscal year, which had been affected by the deterioration in earnings caused by the unexpected power outage at the Kishiwada Plant. If a serious production issue occurs, it could affect the company’s operating results.」
The deterioration in earnings caused by the previous year’s unexpected power outage was treated as a comparison factor, and its impact on the current year’s results had been eliminated. However, the general risk of serious production issues continued to be disclosed. - FY2018-Q3Cited as achievedAnnual report
「Meanwhile, operating profit was ¥1,898 million, reflecting higher revenue in the titanium business, company-wide cost rationalisation and the yen's depreciation, among other factors. This represented a 264.6% year-on-year increase, partly because operating results in the polysilicon business had deteriorated in the same period of the previous year due to an unexpected power outage at the Kishiwada Plant in October of the year before last.」
The unexpected power outage at the Kishiwada Plant, which occurred in the past, was cited as a factor behind the deterioration in operating results in the same period of the previous year. No new production issue was reported. - FY2017Previous-year issue resolved; separate event occurredAnnual report
「Operating profit increased to ¥2,050 million from a loss of ¥1,643 million in the same period of the previous year, partly because the production issue affecting products for a major domestic polysilicon customer in the previous fiscal year had been resolved. In addition, an unexpected power outage over a wide area, including the Kishiwada Plant, caused by a fire near a Kansai Electric Power high-voltage transmission tower in October of the previous year brought the polysilicon plant to a halt. Despite efforts to restore operations quickly, production and shipments declined.」
While the production issue affecting products for a major domestic customer in the previous fiscal year had been resolved, a separate event caused the plant to shut down due to an unexpected power outage, resulting in lower production and shipments. - FY2016MaterialisedAnnual report
「A problem occurred in the production of products for a major domestic customer, delaying shipments to that customer scheduled for the second half of the fiscal year and generating additional costs associated with the issue, including operating losses and yield losses.」
A production issue actually occurred in the polysilicon business, resulting in shipment delays and higher costs.