Recognition of wire saw sales (equipment for manufacturing solar cells)
First written in FY2017-Q2. 5 of 13 entries say "Worsened", first in FY2019. Latest entry: FY2020.
Tokyo Rope Mfg. moved to the "Worse" side of this theme in 2019, 2 years after the typical company in this theme (2017).
The whole theme swung hardest in 2024: 3 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「In addition to lower sales volume of tire cord and hose wire, the impact of a decline in fine wire for cutting silicon wafers for solar power generation, which had performed well through the first half of the prior fiscal year, was significant. Revenue was ¥9,717 million, down 10.1% from the prior consolidated fiscal year, and the operating loss was ¥1,660 million, compared with a loss of ¥939 million in the prior consolidated fiscal year.」
The continued impact of lower demand for fine wire for solar power generation became a factor behind lower revenue and a larger operating loss in the steel cord-related business. - FY2020-Q3WorsenedAnnual report
「The impact of lower tire cord sales volume and lower demand for fine wire used to cut silicon wafers for solar power generation was significant, resulting in revenue of ¥7,490 million, down 8.5% year on year, and an operating loss of ¥1,166 million, compared with a loss of ¥556 million in the prior-year period.」
The impact of lower demand for fine wire for solar power generation continued, with operating loss in the steel cord-related business widening from ¥556 million in the same period of the previous year to ¥1,166 million. - FY2020-Q2WorsenedAnnual report
「Tire cord sales volume increased, but the impact of lower demand for fine wire used to cut silicon wafers for solar power generation was significant, resulting in revenue of ¥5,131 million, down 7.1% year on year, and an operating loss of ¥715 million, compared with a loss of ¥389 million in the prior-year period.」
The impact of lower demand for fine wire for solar power generation continued, with operating loss in the steel cord-related business widening from ¥389 million in the same period of the previous year to ¥715 million. - FY2020-Q1WorsenedAnnual report
「Due to lower sales volumes of tire cord in China and lower demand in China for fine wire used to cut silicon wafers for solar power generation, revenue from this business was ¥2,588 million, down 9.9% year on year, and operating loss was ¥322 million, compared with an operating loss of ¥111 million in the same period of the previous year.」
Declines in tire cord sales volumes in China and demand for fine wire for solar power generation continued, with revenue down 9.9% and operating loss widening from ¥111 million to ¥322 million. - FY2019WorsenedAnnual report
「The sharp downturn in China's solar power market in the first quarter caused a sharp decline in sales of high-value-added fine wire for cutting silicon wafers, hereinafter referred to as core wire.」
Core-wire revenue fell sharply amid the sharp downturn in China's solar power market, resulting in a full-year segment loss of ¥939 million for the steel cord-related business. - FY2019-Q3Continues to be a factor behind lower revenueAnnual report
「Domestic tire cord sales volume increased, but core wire sales decreased, resulting in revenue of ¥8,183 million, a slight 0.6% year-on-year decline. On the profit side, higher costs for the sales mix and various materials resulted in a segment loss of ¥556 million, compared with profit of ¥230 million in the prior-year period.」
The decline in core-wire revenue associated with wire saw-related products continues to be cited as a factor behind lower revenue and losses in the steel cord-related business. - FY2019-Q2Continues to be a factor behind lower profitAnnual report
「Domestic tire cord sales volume and Chinese core wire sales volume increased, resulting in revenue of ¥5,525 million, up 3.1% year on year, but lower domestic core wire sales, which had been strong in the prior fiscal year, resulted in a segment loss of ¥389 million, compared with profit of ¥50 million in the prior year.」
For wire saw-related products previously treated as a contributor to revenue, the decline in domestic core-wire revenue continues to be cited as a factor behind the segment loss. - FY2019-Q1Shifted from contributing to revenue to reducing revenueAnnual report
「Segment loss was ¥111 million, compared with segment profit of ¥60 million in the previous corresponding period, due to lower sales of fine wire for cutting silicon wafers for solar power generation in Japan.」
Wire saw-related products, previously cited as a factor contributing to higher revenue, are cited this quarter as factors behind lower revenue and the segment loss. - FY2018RestatedAnnual report
「The Group's revenue was ¥63,537 million, down 2.2% year on year, owing to the recognition of sales of wire saw inventory (equipment for manufacturing solar cells) in the previous period.」
Wire saws did not generate new sales in the current period; rather, the recognition of inventory sales in the previous period was explained as a comparative factor behind the current-period decline in revenue. - FY2018-Q3The decline from prior wire saw sales continuedAnnual report
「As a result, the Group's revenue for the third quarter of the current cumulative consolidated period was ¥45,804 million, down 3.1% year on year, owing to the reversal of wire saw sales (equipment for manufacturing solar cells) recognized in the previous period.」
Wire saws did not generate recognized sales in the current period; prior-period sales performance continued to be cited as a comparative negative factor for company-wide revenue. - FY2018-Q2The decline from prior-period sales performance emerged as a negative factorAnnual report
「Due to the reversal of the prior-period recognition of wire saw sales (equipment for manufacturing solar cells) and a decline in sales volumes of steel cord products,」
Wire saws did not generate recognized sales in the current period; rather, prior-period sales performance was explained as a comparative negative factor for the current period. - FY2017AdvancedAnnual report
「Although sales volumes of tire cords declined, wire saw sales contributed to revenue of ¥14,506 million for this business, up 11.3% year on year.」
Wire saw sales lifted full-year steel cord-related revenue, and revenue from the business increased 11.3% year on year. - FY2017-Q2First statedAnnual report
「Although the yen translation of overseas subsidiaries' revenue declined as the yen appreciated, wire saw sales (equipment for manufacturing solar cells) contributed to revenue of ¥32,141 million, up 3.6% year on year.」
Wire saw sales were identified explicitly for the first time as a factor contributing to the increase in company-wide revenue.