Lower bullion prices and start-up costs led to lower profit
First written in FY2016. 5 of 33 entries say "Restated". Latest entry: FY2026.
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- FY2026Higher revenue and profits driven by increased sales volumes and higher ingot pricesAnnual report
「Consolidated revenue was ¥1,181,716 million, up 18.3% from the previous fiscal year. Profit also increased, with business profit of ¥48,184 million, up 5.0%, consolidated operating profit of ¥76,863 million, up 34.0%, and profit attributable to owners of the parent of ¥38,882 million, up 39.0%, due mainly to higher sales volume and aluminum bullion prices.」
The company shifted from lower profit due to persistently high raw-material and supplies prices in the previous six-month period to higher revenue and profit for the full year, driven by increased sales volume and higher bullion prices. - FY2026-H1Profit declined due to persistently high raw-material and supplies prices and foreign-exchange fluctuations.Annual report
「Consolidated revenue was ¥540,125 million, up 10.9% year on year, due mainly to higher sales volume and aluminum bullion prices. As for profit, consolidated operating profit was ¥22,627 million, down 36.6%, consolidated profit before tax for the six months was ¥14,537 million, down 44.2%, and six-month profit attributable to owners of the parent was ¥7,369 million, down 55.9%, due mainly to persistently high raw-material and supplies prices and foreign-exchange fluctuations.」
Although higher sales volume and bullion prices lifted revenue, operating profit, profit before tax and six-month profit attributable to owners of the parent all declined year on year due to persistently high raw-material and supplies prices and foreign-exchange fluctuations. - FY2025Profit increased due to higher sales volume and an improvement in the inventory impact.Annual report
「Profit also increased, with business profit of ¥45,882 million, up 5.7%, due mainly to higher sales volume, consolidated operating profit of ¥57,361 million, up 82.8%, due mainly to an improvement in the inventory impact from higher aluminum bullion prices and increased sales volume, and profit attributable to owners of the parent of ¥27,979 million, up 101.9%.」
The company shifted from lower sales volume and a deterioration in the inventory impact in the previous fiscal year to higher profit driven by increased sales volume and an improvement in the inventory impact from higher bullion prices. - FY2025-H1Profit increased due to higher sales volume and an improvement in the inventory impact.Annual report
「Consolidated revenue was ¥487,101 million, up 12.0% year on year, due mainly to higher sales volume and aluminum bullion prices. Profit also increased, with consolidated operating profit of ¥35,700 million, up 176.7%, consolidated profit before tax for the six months of ¥26,033 million, up 157.2%, and six-month profit attributable to owners of the parent of ¥16,706 million, up 267.3%, due mainly to higher sales volume and an improvement in the inventory impact.」
While the previous quarters cited lower sales volume and a deterioration in the inventory impact, operating profit, profit before tax for the six months and six-month profit attributable to owners of the parent exceeded the previous-year level in the current six-month consolidated reporting period due to higher sales volume and an improvement in the inventory impact. - FY2024-Q3Operating profit and profit improved due to the effects of price revisions.Annual report
「Despite the effects of lower sales volume and a deterioration in the inventory impact, the effects of price revisions, including passing on soaring energy and alloying-metal prices through selling prices, resulted in consolidated operating profit of ¥22,187 million, up 101.7%, consolidated profit before tax for the quarter of ¥13,432 million, up 118.2%, and quarterly profit attributable to owners of the parent of ¥6,793 million, up 181.6%.」
Although sales volume declined and the inventory impact deteriorated, the effects of price revisions, including passing on soaring energy and alloying-metal prices through selling prices, lifted operating profit, profit before tax and profit attributable to owners of the parent above the previous-year level. - FY2024-Q2RestatedAnnual report
「Consolidated revenue was ¥434,943 million, down 13.2% year on year, due mainly to lower sales volume and aluminum bullion prices. Profit also declined, with consolidated operating profit of ¥12,902 million, down 20.0%, consolidated profit before tax for the quarter of ¥10,123 million, down 36.0%, and quarterly profit attributable to owners of the parent of ¥4,549 million, down 51.7%, due mainly to lower sales volume and a deterioration in the inventory impact.」
As in the previous quarter, lower sales volume, lower bullion prices and a deterioration in the inventory impact reduced revenue and profit. For the six months through the second quarter, operating profit, profit before tax and profit attributable to owners of the parent were below the previous-year level. - FY2024-Q1Profit declined due to lower sales volume, lower bullion prices and other factors.Annual report
「Consolidated revenue was ¥211,103 million, down 17.6% year on year, due mainly to lower sales volume and aluminum bullion prices. Profit also declined, with consolidated operating profit of ¥8,177 million, down 53.9%, consolidated profit before tax for the quarter of ¥7,560 million, down 60.1%, and quarterly profit attributable to owners of the parent of ¥2,927 million, down 77.1%, due mainly to lower sales volume and a deterioration in the inventory impact.」
Revenue, operating profit, profit before tax and profit attributable to owners of the parent all fell below the previous-year level due to lower sales volume, lower aluminum bullion prices and a deterioration in the inventory impact. - FY2023Full-year profit declined due to higher energy costs and a deterioration in the inventory impact.Annual report
「As for profit, higher sales volume contributed to higher net sales, and the company continued to pass on soaring energy and alloying-metal prices through selling-price increases. However, due mainly to higher energy costs and a deterioration in the inventory impact as aluminum bullion prices declined after peaking at the beginning of the fiscal year, consolidated operating profit was ¥17,207 million, down 71.1%, ordinary profit was ¥8,732 million, down 83.3%, and profit attributable to owners of the parent was ¥4,703 million, down 85.3%.」
From the substantial increase in profit in the previous fiscal year, full-year operating profit, ordinary profit and net profit declined substantially due to higher energy costs and a deterioration in the inventory impact accompanying lower bullion prices. - FY2023-Q3Profit declined due to a deterioration in the North American inventory impact and other factors.Annual report
「Consolidated net sales were ¥728,326 million, up 29.4% year on year, due mainly to higher aluminum bullion prices and increased sales volume. As for profit, higher sales volume contributed to higher net sales, and the company continued to pass on soaring energy and alloying-metal prices through selling-price increases. However, due mainly to higher energy costs and a deterioration in the inventory impact in North America, consolidated operating profit was ¥15,455 million, down 63.9%, ordinary profit was ¥10,449 million, down 71.0%, and profit attributable to owners of the parent was ¥7,330 million, down 68.4%.」
Although higher bullion prices and increased sales volume lifted net sales, operating profit, ordinary profit and profit attributable to owners of the parent all declined substantially year on year due to higher energy costs and a deterioration in the inventory impact in North America, among other factors. - FY2023-Q2Profit declined due to higher energy costs and other factors.Annual report
「Consolidated net sales were ¥489,758 million, up 34.2% year on year, due mainly to higher aluminum bullion prices and increased sales volume. As for profit, higher sales volume contributed to higher net sales, and the company continued to pass on soaring energy and alloying-metal prices through selling-price increases. However, the year-on-year benefit from the inventory impact of higher energy costs and aluminum bullion prices narrowed, resulting in consolidated operating profit of ¥21,472 million, down 28.1%, ordinary profit of ¥20,655 million, down 19.9%, and profit attributable to owners of the parent of ¥15,213 million, down 12.1%.」
Although higher bullion prices and increased sales volume lifted net sales, operating profit, ordinary profit and profit attributable to owners of the parent all declined year on year due to higher energy costs and the narrower improvement in the inventory impact. - FY2023-Q1RestatedAnnual report
「Consolidated net sales were ¥247,266 million, up 42.3% year on year, due mainly to higher sales volume and aluminum bullion prices. Profit also increased, with consolidated operating profit of ¥18,344 million, up 38.8%, ordinary profit of ¥19,931 million, up 72.5%, and profit attributable to owners of the parent of ¥14,204 million, up 62.0%.」
Net sales, operating profit, ordinary profit and quarterly profit attributable to owners of the parent all exceeded the previous-year level, owing to an improvement in the inventory impact from higher aluminum bullion prices and increased sales volume. - FY2022RestatedAnnual report
「Consolidated net sales were ¥782,911 million, up 37.4% from the previous fiscal year, due to higher aluminum ingot prices, increased sales volumes and other factors. Consolidated operating profit was ¥59,520 million, up 434.1%, and consolidated ordinary profit was ¥52,286 million, up 777.6%, owing to improved inventory valuation resulting from higher aluminum ingot prices, increased sales volumes and other factors. Net income attributable to owners of the parent was ¥32,054 million, compared with a net loss of ¥3,269 million in the previous fiscal year.」
As in the first through third quarters, an improvement in the inventory impact from higher bullion prices and an increase in sales volume are cited as the main factors behind the substantial full-year increase in profit. - FY2022-Q3RestatedAnnual report
「For the cumulative third quarter consolidated period, consolidated net sales were ¥562,652 million, up 38.1% year on year, due to higher aluminum ingot prices, recovering sales volumes and other factors. Consolidated operating profit was ¥42,816 million, compared with profit of ¥3,075 million in the same period of the previous year; consolidated ordinary profit was ¥35,970 million, compared with an ordinary loss of ¥598 million; and quarterly net income attributable to owners of the parent was ¥23,233 million, compared with a net loss of ¥4,685 million, owing to improved inventory valuation resulting from higher aluminum ingot prices, recovering sales volumes and other factors.」
As in the previous quarter, improved inventory valuation resulting from higher aluminum ingot prices and recovering sales volumes contributed to profit growth, and operating profit, ordinary profit and net income attributable to owners of the parent exceeded the same period of the previous year. - FY2022-Q2Continued profit growth driven by higher prices and recovering sales volumesAnnual report
「Consolidated net sales were ¥365,036 million, up 38.0% year on year, due to higher aluminum ingot prices, recovering sales volumes and other factors. Consolidated operating profit was ¥29,866 million, compared with a loss of ¥1,122 million in the same period of the previous year; consolidated ordinary profit was ¥25,784 million, compared with a loss of ¥2,609 million; and quarterly net income attributable to owners of the parent was ¥17,300 million, compared with a loss of ¥5,052 million, owing to improved inventory valuation resulting from higher aluminum ingot prices, recovering sales volumes and other factors.」
As in the previous quarter, improved inventory valuation resulting from higher aluminum ingot prices and recovering sales volumes led to a significant turnaround from operating, ordinary and net losses in the same period of the previous year to profits. - FY2022-Q1Significant profit growth driven by higher prices and recovering salesAnnual report
「Consolidated net sales were ¥173,783 million, up 30.4% year on year, due to higher aluminum ingot prices, recovering sales volumes and other factors. Consolidated operating profit was ¥13,211 million, compared with a loss of ¥575 million in the same period of the previous year; consolidated ordinary profit was ¥11,556 million, compared with profit of ¥36 million; and quarterly net income attributable to owners of the parent was ¥8,769 million, compared with a loss of ¥172 million, owing to improved inventory valuation resulting from higher aluminum ingot prices, recovering sales volumes and other factors.」
Improved inventory valuation resulting from higher aluminum ingot prices and recovering sales volumes led to a turnaround from the operating loss and quarterly net loss attributable to owners of the parent recorded in the same period of the previous year, to operating profit of ¥13,211 million and net income of ¥8,769 million. - FY2021-Q3Cumulative third-quarter ordinary and net losses, with restructuring losses recordedAnnual report
「Consolidated operating profit was ¥3,075 million, down 45.4%, and consolidated ordinary loss was ¥598 million, compared with profit of ¥1,349 million in the same period of the previous year, due to lower sales volumes and other factors. In addition, quarterly net loss attributable to owners of the parent was ¥4,685 million, compared with profit of ¥560 million in the same period of the previous year, due to restructuring losses, tax expenses and other factors.」
Lower sales volumes reduced operating profit 45.4% year on year, while ordinary profit turned into a loss of ¥598 million. Restructuring losses, tax expenses and other factors resulted in a net loss attributable to owners of the parent of ¥4,685 million. - FY2021-Q2Turned to operating and ordinary losses in the cumulative second quarterAnnual report
「Consolidated net sales were ¥264,608 million, down 15.9% year on year, due to lower sales volumes resulting from the spread of COVID-19 and lower aluminum ingot prices. Consolidated operating loss was ¥1,122 million, compared with profit of ¥3,428 million in the same period of the previous year, consolidated ordinary loss was ¥2,609 million, compared with profit of ¥405 million, and quarterly net loss attributable to owners of the parent was ¥5,052 million, compared with a loss of ¥3,389 million.」
Lower sales volumes due to COVID-19 and lower aluminum ingot prices reduced net sales 15.9% year on year, resulting in an operating loss of ¥1,122 million, an ordinary loss of ¥2,609 million and a quarterly net loss attributable to owners of the parent of ¥5,052 million. - FY2021-Q1Operating loss due to COVID-19 and lower sales volumesAnnual report
「In addition to the decline in aluminum ingot prices and other factors, consolidated net sales were ¥133,300 million, down 16.6% year on year. Consolidated operating loss was ¥575 million, compared with profit of ¥1,311 million in the same period of the previous year, due to lower sales volumes and other factors. Consolidated ordinary profit was ¥36 million, compared with an ordinary loss of ¥135 million in the same period of the previous year, due to recognition of non-operating income and other factors.」
Lower aluminum ingot prices and a decline in sales volumes associated with the spread of COVID-19 reduced net sales 16.6% year on year and resulted in an operating loss of ¥575 million. - FY2020-Q3Continued profit decline due to impairment losses on shares of affiliates and other factorsAnnual report
「Operating profit was ¥5,632 million, down 59.5%, and ordinary profit was ¥1,349 million, down 81.1%, due to deterioration in inventory valuation and other factors. Although restructuring losses associated with the sale of the copper products business were recorded, and impairment losses were recognized on shares in Boyne Smelters Ltd. held by the company's subsidiary UACJ Australia Pty. Ltd. and on loans to that company, net income attributable to owners of the parent was ¥560 million, down 53.3%, due to recognition of deferred tax assets and other factors.」
In addition to deterioration in inventory valuation, restructuring losses associated with the sale of the copper products business and impairment losses on shares in and loans to Boyne Smelters were recorded, causing operating profit, ordinary profit and net income attributable to owners of the parent to fall below the same period of the previous year. However, recognition of deferred tax assets resulted in net income attributable to owners of the parent of ¥560 million. - FY2020-Q2Cumulative second-quarter loss due to restructuring losses and other factorsAnnual report
「Operating profit was ¥3,428 million, down 71.1%, and ordinary profit was ¥405 million, down 94.6%, due to deterioration in inventory valuation and other factors. In addition, a quarterly net loss attributable to owners of the parent of ¥3,389 million was recorded, compared with profit of ¥2,356 million in the same period of the previous year, due to recognition of restructuring losses associated with the sale of the copper products business and other factors.」
Deterioration in inventory valuation led to significant declines in operating profit and ordinary profit, while restructuring losses associated with the sale of the copper products business and other factors resulted in a quarterly net loss attributable to owners of the parent. - FY2020-Q1First-quarter ordinary loss and net lossAnnual report
「Operating profit was ¥1,311 million, down 84.7%, and ordinary loss was ¥135 million, compared with profit of ¥6,806 million in the same period of the previous year, due to deterioration in inventory valuation and other factors. In addition, net loss attributable to owners of the parent was ¥1,613 million, compared with profit of ¥2,260 million in the same period of the previous year, due to additional recognition of deferred tax liabilities and other factors.」
Deterioration in inventory valuation and additional recognition of deferred tax liabilities and other factors led to a significant decline in operating profit and resulted in an ordinary loss and a quarterly net loss attributable to owners of the parent. - FY2019Significant full-year profit decline due to a sharp demand drop, higher costs and other factorsAnnual report
「Operating profit was ¥14,868 million, down 49.1%, and ordinary profit was ¥6,201 million, down 68.0%, due to deterioration in inventory valuation, a sharp decline in demand for the company's mainstay IT materials and thick plates for ships, liquid crystal and semiconductor manufacturing equipment, one-time factors such as equipment failures, higher energy costs and other factors.」
A sharp decline in demand for IT materials and thick plates, deterioration in inventory valuation, equipment failures and higher energy costs combined to cause a significant full-year decline in operating profit and ordinary profit. - FY2019-Q3Sharp demand decline due to the slowdown in China and US-China trade friction, along with one-time factors, reduced profitsAnnual report
「In terms of earnings, demand for the company's mainstay IT materials and thick plates for liquid crystal and semiconductor manufacturing equipment fell sharply due to the rapid slowdown in the Chinese market, the impact of US-China trade friction and other factors. In addition to the demand decline, delays in cost reductions and higher manufacturing costs arose due to natural disasters and other factors, while one-time factors such as equipment failures occurred during the cumulative third quarter consolidated accounting period. As a result, operating profit was ¥13,917 million, down 40.3%, and ordinary profit was ¥7,125 million, down 54.4%.」
The sharp decline in demand for mainstay IT materials and thick plates for liquid crystal and semiconductor manufacturing equipment was compounded by natural disasters, delays in cost reductions, higher manufacturing costs and equipment failures, causing operating profit and ordinary profit to fall below the same period of the previous year. - FY2019-Q2RestatedAnnual report
「Operating profit was ¥11,867 million, down 24.9%, ordinary profit was ¥7,570 million, down 40.9%, and net income attributable to owners of the parent was ¥2,356 million, down 65.7%, due to higher energy costs and other factors.」
As in the previous quarter, higher energy costs and other factors reduced operating profit, ordinary profit and net income attributable to owners of the parent. - FY2019-Q1Decline in profits due to higher energy costs and other factorsAnnual report
「Operating profit was ¥8,586 million, down 9.5%, and ordinary profit was ¥6,806 million, down 12.8%, mainly due to higher energy costs and other factors.」
While rising ingot prices increased net sales, higher energy costs and other factors were newly cited as factors reducing operating profit and ordinary profit. - FY2018-Q3US tax reform benefits boosted net incomeAnnual report
「Although the reversal of deferred tax assets at an equity-method affiliate and other factors associated with the enactment of US tax reform legislation resulted in a substantial equity-method investment loss, ordinary profit increased 21.8% to ¥15,625 million, supported by growth in operating profit. The reversal of deferred tax liabilities at a consolidated subsidiary and other factors associated with the enactment of the US tax reform legislation reduced tax expenses, resulting in a 126.7% increase in net income attributable to owners of the parent to ¥10,648 million.」
In addition to higher profits from rising ingot prices and improved inventory valuation, the equity-method investment loss arising from US tax reform legislation and the decreases in deferred tax liabilities and tax expenses affected ordinary profit and net income. - FY2018-Q2Continued profit growth driven by higher ingot prices and improved inventory valuationAnnual report
「Under these circumstances, the Group's net sales were ¥301,854 million, up 8.2% year on year, due to higher ingot prices and other factors. Operating profit increased 52.0% to ¥15,794 million, ordinary profit increased 73.2% to ¥12,800 million, and net income attributable to owners of the parent increased 216.7% to ¥6,860 million, owing to improved inventory valuation, cost reductions and other factors.」
As in the previous quarter, higher ingot prices and improved inventory valuation contributed to profit growth. Operating profit, ordinary profit and net income attributable to owners of the parent all exceeded the same period of the previous year. - FY2018-Q1Higher profits driven by rising ingot prices and improved valuationAnnual report
「Net sales were ¥152,494 million, up 9.9% year on year, due to higher sales volumes and ingot prices. Operating profit increased 93.0% to ¥9,487 million, ordinary profit increased 99.7% to ¥7,809 million, and net income attributable to owners of the parent increased 217.3% to ¥4,401 million, owing to improved inventory valuation, higher sales volumes, cost reductions and other factors.」
Unlike the previous periods, when lower ingot prices and deterioration in inventory valuation were cited as factors reducing profits, rising ingot prices and improved inventory valuation were cited as factors increasing profits this quarter. - FY2017Full-Year Results UpdatedAnnual report
「In terms of earnings, operating profit was ¥25,869 million, up 70.1%, ordinary profit was ¥19,819 million, up 65.0%, and net income attributable to owners of the parent was ¥8,715 million, up 70.7%, due to a smaller deterioration in inventory valuation resulting from lower ingot prices and cost reductions.」
Although lower ingot prices continued to have an impact, full-year operating profit, ordinary profit and net income exceeded those of the previous fiscal year due to the smaller deterioration in inventory valuation and cost reductions. - FY2017-Q3Quarterly Results UpdatedAnnual report
「Under these circumstances, the Group's net sales were ¥417,179 million, down 2.5% year on year, due to the impact of lower ingot prices compared with the same period of the previous year. Operating profit increased 46.2% to ¥17,253 million and ordinary profit increased 47.0% to ¥12,830 million, owing to higher sales volumes, cost reductions and other factors. Net income attributable to owners of the parent was ¥4,697 million, down 13.5%, below the same period of the previous year, when insurance proceeds were recorded as extraordinary income.」
While lower ingot prices reduced net sales, operating profit and ordinary profit exceeded the same period of the previous year due to higher sales volumes and cost reductions. Net income attributable to owners of the parent declined due to the reversal of insurance proceeds recorded in the same period of the previous year. - FY2017-Q2Quarterly Results UpdatedAnnual report
「Under these circumstances, the Group's net sales were ¥278,863 million, down 4.3% year on year, due to the impact of lower ingot prices compared with the same period of the previous year. Although earnings were affected by a deterioration in inventory valuation resulting from lower ingot prices, operating profit increased 16.9% to ¥10,394 million due to higher sales volumes, cost reductions and other factors. Ordinary profit was limited to ¥7,389 million, up 0.9%, due to deterioration in equity-method investment gains and losses associated with higher startup costs for the US aluminum materials manufacturing and sales business for automotive panels, as well as higher interest expenses associated with front-loaded strategic investments. Net income attributable to owners of the parent was ¥2,166 million, down 50.0%, below the previous year, when insurance proceeds were recorded as extraordinary income.」
While lower ingot prices affected net sales and inventory valuation, operating profit increased due to higher sales volumes and cost reductions. Improvement in ordinary profit was limited by startup costs for the US business and interest expenses associated with strategic investments, while net income attributable to owners of the parent fell below the same period of the previous year. - FY2017-Q1Quarterly Results UpdatedAnnual report
「Net sales were ¥138,753 million, down 5.6% year on year, due to a decrease from foreign currency translation resulting from the stronger yen and the impact of lower ingot prices. Although earnings were affected by a deterioration in inventory valuation resulting from lower ingot prices, operating profit increased 6.0% to ¥4,916 million and ordinary profit increased 5.4% to ¥3,911 million, owing to cost reductions and other factors.」
During the quarter, the stronger yen and lower ingot prices affected net sales and inventory valuation, while operating profit and ordinary profit exceeded the same period of the previous year due to cost reductions and other factors. - FY2016First statedAnnual report
「In terms of earnings, operating profit was ¥15,212 million, down 35.8%, and ordinary profit was ¥12,010 million, down 43.7%, due to a deterioration in inventory valuation resulting from lower ingot prices and an increase in startup costs at the sheet rolling plant in Thailand, where integrated production began in August last year. Both figures were below those of the previous fiscal year.」
Net sales increased 0.6% year on year to ¥575,735 million, while operating profit, ordinary profit and net income attributable to owners of the parent all declined.