Higher Metal Powder Business Costs Due to Electricity Price Increases
First written in FY2023-Q2. 2 of 5 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2022: 5 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes concerning business and other risks, including higher costs in the metal powder business resulting from surging electricity charges. - FY2024-Q2RestatedAnnual report
「Segment profit was ¥50 million, down ¥81 million, or 61.7%, due to factors including lower operating rates and higher costs resulting from surging electricity charges.」
Higher costs resulting from surging electricity charges continue to be cited as a factor behind the decline in profit in the metal powder business. - FY2024-Q1WorsenedAnnual report
「Segment profit was a loss of ¥51 million, down ¥257 million, due to factors including lower operating rates and higher costs resulting from surging electricity charges.」
In the metal powder business, segment profit declined by ¥257 million year on year to a loss of ¥51 million, amid lower operating rates and higher costs resulting from surging electricity charges. - FY2023-Q3WorsenedAnnual report
「As a result, sales in the business for the third quarter were ¥4,644 million, down ¥2,189 million, or 32.0%, year on year, due to lower sales volumes. Segment profit was ¥42 million, down ¥1,139 million, or 96.4%, year on year, due to factors including lower operating rates and higher costs resulting from increased electricity charges.」
In the metal powder business, the decline in segment profit widened to 96.4% year on year amid factors including higher costs resulting from increased electricity charges, leaving profit at ¥42 million. - FY2023-Q2First statedAnnual report
「Segment profit fell by ¥722 million, or 84.5%, to ¥132 million, mainly due to the impact of lower operating rates, lower copper benchmark prices and higher costs resulting from electricity-rate increases.」
Higher costs resulting from electricity-rate increases were first identified as a factor reducing segment profit in the metal powder business.