Production capacity expansion in the powder metallurgy business
First written in FY2020-Q2. . Latest entry: FY2024.
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- FY2024Lower revenue and profit due to customer inventory adjustmentsAnnual report
「In the powder metallurgy business, customer inventory adjustments for carbide products have continued, resulting in declines in both sales and profit.」
The powder metallurgy-related business reported net sales of ¥4,083 million and operating profit of ¥317 million, owing to customer inventory adjustments and the impact of the weaker yen on imported materials. - FY2020Emerged as a full-year decline in profitAnnual report
「Operating profit was ¥505 million, down 25.6% from the previous consolidated fiscal year, due to higher expenses associated with expanding production capacity for powder metallurgy products.」
Costs associated with expanding production capacity for powder metallurgy products continued throughout the fiscal year, resulting in a 25.6% decline in operating profit in Other businesses. - FY2020-Q3Production capacity expansion costs continue to weigh on profit, widening the declineAnnual report
「Operating profit was limited to ¥377 million, down 20.5% year on year, due to higher costs associated with production capacity expansion in the powder metallurgy business.」
Higher costs associated with production capacity expansion in the powder metallurgy business continued, and operating profit in other businesses fell 20.5% year on year. - FY2020-Q2First statedAnnual report
「Revenue from industrial machinery and related businesses increased, bringing revenue in this business to ¥4,504 million, up 3.6% year on year. However, operating profit fell 5.1% to ¥288 million as costs increased in connection with expanded production in powder metallurgy and related businesses.」
It was confirmed for the first time as a separate topic that production capacity expansion was under way in the powder metallurgy business and that the associated increase in costs was a factor behind lower profit in other businesses.