Deterioration in Profitability Due to Falling Antimony Prices
First written in FY2016. 23 of 39 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-08-06.
Nihon Seiko moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 12 of 22 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2026WorsenedAnnual report
「The average price for the fiscal year was approximately $46,820 per tonne, a 48% increase from the previous fiscal year, and increased approximately 46% in yen terms. The average price in the fourth quarter was approximately $26,880, down approximately 39% from the third quarter in dollar terms and approximately 38% in yen terms.」
Although the full-year average rose, prices declined approximately 39% in dollar terms and approximately 38% in yen terms in the fourth quarter from the previous quarter, and the risk to profitability from market volatility has resurfaced. - 2026-05-12WorsenedPresentation materials on financial results
「As the record surge in ingot prices subsides and prices remain at levels prevailing before China introduced its export controls, antimony product selling prices are expected to decline year on year, and net sales are expected to decrease.」
The earnings forecast assumes that the surge in antimony prices will subside, resulting in lower selling prices and lower sales, with a stronger outlook for profitability risks from falling prices. - FY2026-H1MitigatedAnnual report
「The average price for the six-month consolidated accounting period was approximately $57,930 per tonne, a 173% increase year on year, and increased approximately 161% in yen terms. The average price in the second quarter declined approximately 4% from the first quarter in dollar terms and approximately 2% in yen terms.」
Antimony prices rose approximately 173% year on year in dollar terms and approximately 161% in yen terms, and the risk of deteriorating profitability due to falling prices remained low. Meanwhile, prices declined slightly in the second quarter from the first quarter. - FY2025MitigatedAnnual report
「The average price for the fiscal year was approximately $31,690 per tonne, a significant 160% increase from the previous fiscal year. In yen terms, it increased approximately 174%.」
Antimony prices rose significantly in both dollar and yen terms, reducing the risk of deteriorating profitability due to falling prices. - FY2025-H1MitigatedAnnual report
「The average price for the six-month consolidated accounting period was approximately $21,250 per tonne, a 78% increase year on year. In yen terms, the yen's depreciation against the previous year resulted in a significant increase of approximately 92%.」
Antimony prices rose approximately 78% year on year in dollar terms and approximately 92% in yen terms, reducing the risk of deteriorating profitability due to falling prices. Meanwhile, tight supply and demand and the export control announcement contributed to the price increase. - FY2024MitigatedAnnual report
「The average price for the fiscal year was approximately $12,200 per tonne, a 5.0% decline from the previous fiscal year. In yen terms, it increased 1.3%.」
Antimony prices declined 5.0% year on year in dollar terms but rose 1.3% in yen terms. Compared with the year-on-year decline in the previous quarter, prices rose in yen terms for the full fiscal year. - FY2024-Q3MitigatedAnnual report
「The international price of antimony metal, which is a raw material for the business and also serves as the benchmark for product selling prices, remained broadly flat in the third quarter while fluctuating slightly. The average price was approximately $11,840 per tonne, an 8.2% decline year on year. In yen terms, it declined 3.7%.」
Although antimony prices declined year on year, the rate of decline narrowed from 12.1% in dollar terms and 7.6% in yen terms in the previous quarter. - FY2024-Q2MitigatedAnnual report
「The average price was approximately $11,970 per tonne, a 12.1% decline year on year. In yen terms, it declined 7.6%.」
Antimony prices declined year on year, but the rate of decline narrowed from 13.7% in dollar terms and 8.6% in yen terms in the previous quarter. The price decline actually occurred and has been quantified. - FY2024-Q1WorsenedAnnual report
「The average price was approximately $12,080 per tonne, a 13.7% decline year on year. In yen terms, it declined 8.6%.」
Antimony metal prices declined 13.7% year on year in dollar terms and 8.6% in yen terms, changing from the previous rising phase to a declining phase. - FY2023-Q3MitigatedAnnual report
「The international price of antimony metal, which is a raw material for the business and also serves as the benchmark for product selling prices, had weakened in China, the main producing country, as restrictions on operations in major industries and consumer markets persisted because of movement restrictions under the zero-COVID policy. Supply and demand eased and prices weakened, but after the shift to policies easing COVID-19 restrictions, prices bottomed out on expectations of a recovery in demand and began to rise. The average price in the third quarter was approximately $13,000 per tonne, an 11% increase year on year. In yen terms, the yen's depreciation against the previous year resulted in an approximately 36% increase.」
Antimony prices, which had temporarily weakened because of movement restrictions in China and other factors, bottomed out after the shift to policies easing COVID-19 restrictions and rose approximately 11% year on year in dollar terms and approximately 36% in yen terms. - FY2023-Q2WorsenedAnnual report
「The international price of antimony metal, which is a raw material for the business and also serves as the benchmark for product selling prices, was affected in China, the main producing country, by lockdowns in major cities and scheduled power outages caused by electricity shortages, which disrupted operations in major industries. Consumer markets also stagnated because of movement restrictions. As a result, supply and demand eased and, despite minor monthly fluctuations, prices weakened somewhat. The average price in the second quarter was approximately $13,630 per tonne, a 24% increase year on year. In yen terms, the yen's depreciation against the previous year resulted in an approximately 51% increase.」
Although prices rose year on year in both dollar and yen terms, supply and demand eased because of lockdowns in Chinese cities and power shortages, among other factors, causing market prices to weaken somewhat. - FY2023-Q1MitigatedAnnual report
「The average price in the first quarter was approximately $14,000 per tonne, a 36% increase year on year. In yen terms, the yen's depreciation against the previous year resulted in an approximately 61% increase.」
Antimony prices rose approximately 36% year on year in dollar terms and approximately 61% in yen terms, reducing the risk of deteriorating profitability due to falling prices. - FY2022MitigatedAnnual report
「The average price for the fiscal year was approximately $12,300 per tonne, a significant 82% increase from the previous fiscal year. In yen terms, it increased approximately 93%.」
Antimony metal prices rose significantly in both dollar and yen terms, reducing the risk of deteriorating profitability due to falling prices. - FY2022-Q3MitigatedAnnual report
「The average price in the third quarter was approximately $11,800 per tonne, a significant 102% increase year on year. In yen terms, it increased approximately 111%.」
Antimony prices rose approximately 102% year on year in dollar terms and approximately 111% in yen terms, reducing the risk of deteriorating profitability due to falling prices. - FY2022-Q2MitigatedAnnual report
「The average price in the second quarter was approximately $11,000 per tonne, a significant 96% increase year on year. In yen terms, it increased approximately 101%.」
Antimony metal prices rose approximately 96% year on year in dollar terms and approximately 101% in yen terms, further reducing the risk of deteriorating profitability due to falling prices. - FY2022-Q1MitigatedAnnual report
「The average price in the first quarter was approximately $10,300 per ton, a significant increase of approximately 80% year on year. In yen terms, it rose approximately 84%.」
The antimony metal price rose approximately 80% year on year in U.S. dollar terms and approximately 84% in yen terms, reducing the risk of deteriorating profitability caused by falling prices. - FY2021MitigatedAnnual report
「The average price for the consolidated fiscal year was approximately $6,750 per ton, up approximately 7% year on year. In yen terms, it rose approximately 4%. The average price in the fourth quarter was approximately $9,500 per ton, up approximately 55% year on year, or approximately 51% in yen terms.」
The average antimony price rose in both U.S. dollar and yen terms for the full year and rose significantly year on year in the fourth quarter, reducing the risk of deteriorating profitability caused by falling prices. - FY2021-Q3MitigatedAnnual report
「The international price of antimony metal, which is the raw material for this business and also serves as the benchmark for product selling prices, had continued to decline as the global spread of COVID-19 eased supply and demand in China, the main producing region, but supply and demand began to tighten in September and the market turned upward. The average price in the third quarter was approximately $5,800 per ton. The average international price fell approximately 8% year on year in U.S. dollar terms and approximately 10% in yen terms.」
Although the antimony price fell year on year, supply and demand tightened and the market turned upward from September, while the decline narrowed from approximately 13% and 14% in the second quarter to approximately 8% and 10%, respectively. - FY2021-Q2MitigatedAnnual report
「The international price of antimony metal, which is the raw material for this business and also serves as the benchmark for product selling prices, had continued to decline as the global spread of COVID-19 eased supply and demand in China, the main producing region, but supply and demand began to tighten somewhat in September and the market turned upward. The average price in the second quarter was approximately $5,600 per ton. The average international price fell approximately 13% year on year in U.S. dollar terms and approximately 14% in yen terms.」
Although the antimony price fell year on year, the decline narrowed from approximately 17% and 19% in the first quarter to approximately 13% and 14%, respectively, and the market turned upward in September. - FY2021-Q1WorsenedAnnual report
「The international price of antimony metal, which is the raw material for this business and also serves as the benchmark for product selling prices, entered a declining trend as the global spread of COVID-19 eased supply and demand in China, the main producing region. The average price in the first quarter was approximately $5,700 per ton. The average international price fell approximately 17% year on year in U.S. dollar terms and approximately 19% in yen terms.」
As supply and demand eased in China due to the global spread of COVID-19, the antimony price fell approximately 17% year on year in U.S. dollar terms and approximately 19% in yen terms. - FY2020WorsenedAnnual report
「The international price of antimony metal, which is the raw material for this business and also serves as the benchmark for product selling prices, fell sharply in China, the main producing region, as U.S.-China trade tensions intensified and supply and demand eased during the consolidated fiscal year. Although it recovered somewhat at the end of the second quarter, it subsequently fluctuated within a narrow range. The average price for the consolidated fiscal year was approximately $6,300 per ton, down approximately 23% year on year. In yen terms, it fell approximately 24%.」
The average antimony metal price for the full year fell approximately 23% in U.S. dollar terms and approximately 24% in yen terms, increasing the risk of deteriorating profitability caused by falling prices. - FY2020-Q3WorsenedAnnual report
「The international price of antimony metal, which is the raw material for this business and also serves as the benchmark for product selling prices, fell sharply in China, the main producing region, as prolonged trade tensions with the United States eased supply and demand. Although it recovered somewhat in September, it weakened again. The average price in the third quarter was approximately $6,400, down approximately 23% year on year. In yen terms, it fell approximately 25%.」
Due to prolonged U.S.-China trade tensions and easing supply and demand, the antimony metal price fell approximately 23% year on year in U.S. dollar terms and approximately 25% in yen terms, and the risk of falling prices continued to increase. - FY2020-Q2WorsenedAnnual report
「The international price of antimony metal, which is the raw material for this business and also serves as the benchmark for product selling prices, fell sharply in China, the main producing region, as prolonged trade tensions with the United States eased supply and demand. Although it recovered somewhat in September, the average price in the second quarter was approximately $6,400, down approximately 22% year on year. In yen terms, it fell approximately 23%.」
The antimony market fell sharply due to prolonged U.S.-China trade tensions and easing supply and demand. The average price fell approximately 22% year on year in U.S. dollar terms and approximately 23% in yen terms, further increasing the risk from falling prices from the approximately 15% decline in the previous quarter. Therefore, quantified is true and materialized is true. - FY2020-Q1WorsenedAnnual report
「The international price of antimony metal, which is the raw material for this business and also serves as the benchmark for product selling prices, continued to decline in China, the main producing region, as prolonged trade tensions with the United States reduced demand. The average price in the first quarter was approximately $7,000. The average international price fell approximately 15% year on year in both U.S. dollar and yen terms.」
The antimony price fell due to prolonged U.S.-China trade tensions and lower demand, declining approximately 15% year on year in both U.S. dollar and yen terms. The profitability risk from falling prices became more pronounced from the end of the previous fiscal year. - FY2019WorsenedAnnual report
「The market price for the consolidated fiscal year fell approximately 4% year on year in both U.S. dollar and yen terms.」
The antimony market shifted from the previous year's rising-price period to a period in which the full-year price fell approximately 4% in both U.S. dollar and yen terms. - FY2019-Q3MitigatedAnnual report
「However, in the third quarter, demand declined due to factors including U.S.-China trade tensions, and the metal price began to fall, declining again to around $8,000 at the end of December. The average international price fell 2.2% year on year in U.S. dollar terms and 2.7% in yen terms.」
Although the market price fell during the quarter due to U.S.-China trade tensions and other factors, the year-on-year decline was 2.2% in U.S. dollar terms and 2.7% in yen terms, narrowing from 3.6% and 4.3%, respectively, in the previous quarter. - FY2019-Q2MitigatedAnnual report
「The average international price fell 3.6% year on year in U.S. dollar terms and 4.3% in yen terms.」
Although the antimony price fell year on year, the decline narrowed from approximately 7% in U.S. dollar terms and approximately 9% in yen terms in the previous quarter. In addition, the price recovered from around $8,000 in mid-July to the $8,600 range by the end of September. - FY2019-Q1WorsenedAnnual report
「The average international price fell approximately 7% year on year in U.S. dollar terms and approximately 9% in yen terms.」
The antimony metal price fell approximately 7% year on year in U.S. dollar terms and approximately 9% in yen terms, causing the profitability risk from falling prices to strengthen again after the previous year's rising-price period. - FY2018MitigatedAnnual report
「The market price for the consolidated fiscal year rose 16% year on year in U.S. dollar terms and 19% in yen terms.」
The antimony price rose year on year in both U.S. dollar and yen terms, reducing the risk of deteriorating profitability caused by falling prices. - FY2018-Q3MitigatedAnnual report
「The market price in the third quarter rose 20.4% year on year in U.S. dollar terms and 26.1% in yen terms.」
The antimony price rose 20.4% year on year in U.S. dollar terms and 26.1% in yen terms, and the risk of deteriorating profitability caused by falling prices remained reduced. - FY2018-Q2MitigatedAnnual report
「The market price in the second quarter rose 26.9% year on year in U.S. dollar terms and 33.8% in yen terms.」
The antimony price rose 26.9% year on year in U.S. dollar terms and 33.8% in yen terms, reducing the risk of deteriorating profitability caused by falling prices. - FY2018-Q1MitigatedAnnual report
「The market price in the first quarter rose significantly year on year, by 42.2% in U.S. dollar terms and 46.0% in yen terms.」
The antimony price rose 42.2% year on year in U.S. dollar terms and 46.0% in yen terms, marking a shift away from the previous period of deteriorating profitability caused by falling prices. - FY2017MitigatedAnnual report
「The average market price for the consolidated fiscal year was up 10.0% year on year in U.S. dollar terms, but rose only 0.7% in yen terms due to the stronger yen.」
The antimony price rose 10.0% year on year in U.S. dollar terms, while the decline in yen terms was limited to 0.7%. The filing describes the profitability risk from falling prices as lower than in the previous year. - FY2017-Q3MitigatedAnnual report
「The average price in the third quarter was $7,000 per ton, almost unchanged from $7,030 in the same quarter of the previous year. In yen terms, it fell by more than 12% due to the stronger yen.」
The risk of falling antimony prices continued, but the year-on-year decline in yen terms narrowed from more than 24% in the previous quarter to more than 12%. - FY2017-Q2RestatedAnnual report
「The average price in the second quarter was in the $6,770-per-ton range, down by more than 12% from the $7,730 range in the same quarter of the previous year. In yen terms, the decline was more than 24%, reflecting the stronger yen.」
The risk of falling antimony prices continued, with the yen-denominated price down more than 24% year on year. The risk section states that there were no material changes. - FY2017-Q1WorsenedAnnual report
「The average price in the first quarter was $6,252 per ton, a sharp 27.5% decline from $8,617 in the same quarter of the previous year.」
The quarterly average price of antimony ingot fell 27.5% year on year, and the antimony business reported a segment loss of ¥24 million. - FY2016First statedAnnual report
「After prices continued to decline for more than six months, they finally bottomed out in mid-December and entered a period of relative stability. By the end of the consolidated fiscal year, however, they had fallen to $5,475 per tonne.」
The price decline occurred during the fiscal year, and the antimony business reported a segment loss of ¥68 million.