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Fine Sinter (5994) · InitiativeAdvancedLatest Earnings (2026-07-30): "Worsened"

Expanding sales of railway rolling stock components using current collection and friction material technologies

First written in FY2016. 17 of 37 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-30.

37entries
11years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q2 – FY2019-Q3AdvancedFY2023 – FY20252016: 320162017: 320172018: 220182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 220252026: 42026
Same theme, other companies
Expanding sales of railway vehicle components using current-collection and friction materialsA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-07-30WorsenedEarnings

    「The period of increased orders for Shinkansen brake linings ended, and sales declined after orders returned to normal levels in August 2025. Orders for iron-based sliding plates for Shinkansen trains also showed a downward trend year on year.」

    For railway vehicle components, the company reported the end of the period of increased brake-lining orders and a return to normal orders, as well as a downward trend in orders for sliding plates.
  2. FY2026AdvancedAnnual report

    「As demand is expected to grow for carbon-based products with superior environmental performance, the company is expanding production capacity. In development, in addition to developing materials that combine the company's strengths in current collection and wear resistance, it is pursuing prototypes with new shapes using digital technologies in collaboration with headquarters. By using an upgraded contact-strip testing machine, the company aims to improve the reliability of products under development and accelerate development, while responding promptly to customer evaluations and expanding sales.」

    Although sales in the Railway Sintered Products business declined 0.4% year on year, segment profit increased 24.7% due to cost improvements. The company is pursuing expanded sales through increased production capacity for carbon-based products, materials development, new-shape prototyping and use of testing equipment.
  3. FY2026-H1WorsenedAnnual report

    「Orders for Shinkansen contact strips remained at approximately the same level as in the previous fiscal year, but sales declined as the period of increased orders for Shinkansen brake linings ended and orders returned to normal during the six months ended.」

    In the railway rolling stock components business, orders for Shinkansen contact strips were approximately level with the previous fiscal year, while the period of increased orders for brake linings ended and orders returned to normal, resulting in a 10.8% year-on-year decline in first-half sales. Segment profit increased 18.9%.
  4. FY2025AdvancedAnnual report

    「Sales and profit increased due to strong orders for the company's core Shinkansen brake lining and contact strips, as well as increased adoption of discharge components. As a result, sales for the fiscal year were ¥2,390 million, up ¥128 million, or 5.7%, from the previous fiscal year, while segment profit was ¥518 million, up ¥28 million, or 5.8%.」

    In the Railway Sintered Products business, strong orders for core Shinkansen components, together with increased adoption of discharge components, resulted in a 5.7% increase in sales and a 5.8% increase in segment profit.
  5. FY2025-H1AdvancedAnnual report

    「Sales and profit increased due to higher order volumes for the Shinkansen brake lining and Shinkansen contact strips. As a result, sales for the six months ended were ¥1,332 million, up ¥425 million, or 46.9%, from the same period of the previous fiscal year, while segment profit was ¥292 million, up ¥83 million, or 39.9%.」

    In the Railway Sintered Products business, higher order volumes for the Shinkansen brake lining and contact strips resulted in a 46.9% increase in first-half sales and a 39.9% increase in segment profit.
  6. FY2024AdvancedAnnual report

    「In fiscal 2023, the company accelerated product development aimed at further expanding sales as adoption progressed for products using carbon-based materials, one of the company's strengths.」

    In the Railway Sintered Products business, adoption of products using carbon-based materials progressed, and product development was accelerated to expand adoption further.
  7. FY2024-Q3AdvancedAnnual report

    「Sales and profit increased as orders trended upward, supported by the growing number of vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips and the resolution of the impact of reduced train services associated with the spread of COVID-19. As a result, sales for the cumulative third quarter of the current fiscal year were ¥1,597 million, up ¥507 million, or 46.5%, from the same quarter of the previous fiscal year, while segment profit was ¥357 million, up ¥266 million, or 295.3%.」

    In the Railway Sintered Products business, the impact of reduced train services was resolved in addition to the increase in equipped vehicles, and orders trended upward. Sales increased 46.5% year on year and segment profit increased 295.3%, with the increases in both sales and profit widening further from the recovery in the previous quarter.
  8. FY2024-Q2AdvancedAnnual report

    「Sales and profit increased due to the growing number of vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips and the elimination of the impact of reduced train services associated with COVID-19. As a result, sales for the cumulative second quarter of the current fiscal year were ¥906 million, up ¥178 million, or 24.5%, from the same quarter of the previous fiscal year, while segment profit was ¥219 million, up ¥197 million, or 910.4%.」

    In the Railway Sintered Products business, sales for the first half increased 24.5% and segment profit increased 910.4% due to the increase in vehicles equipped with existing products and the resolution of the impact of reduced train services.
  9. FY2024-Q1AdvancedAnnual report

    「Sales and profit increased as the impact of reduced train services associated with the increase in vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips, as well as the impact of COVID-19, moved toward resolution. Production and sales of current-collecting components for industrial applications also contributed to higher sales. As a result, sales for the cumulative first quarter of the current fiscal year were ¥422 million, up ¥27 million, or 7.0%, from the same quarter of the previous fiscal year, while segment profit was ¥121 million, up ¥109 million, or 976.8%.」

    In the Railway Sintered Products business, higher sales were supported by the increase in vehicles equipped with existing products, the resolution of the impact of reduced train services, and production and sales of current-collecting components for industrial applications. Sales increased 7.0% and segment profit increased 976.8%.
  10. FY2023AdvancedAnnual report

    「In addition, the company has begun producing and selling current-collecting components for industrial applications by leveraging technologies developed in the railway business.」

    The company began producing and selling current-collecting components for industrial applications by applying technologies developed in the railway business.
  11. FY2023-Q3Profit improved despite lower salesAnnual report

    「While the increase in vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips contributed to higher sales, sales declined due to lower order volumes resulting from reduced train services and other factors associated with the spread of COVID-19 since the second quarter of fiscal 2020. Although raw-material and energy price increases affected profitability, profit increased due to cost-reduction measures implemented in response to lower sales.」

    In the Railway Sintered Products business, sales declined 5.8% year on year due to lower order volumes resulting from reduced train services and other factors, despite the contribution from the increase in equipped vehicles. Segment profit was ¥90 million, up 75.6% year on year due to cost-reduction measures and other factors, representing an improvement in profitability from the declines through the previous quarter.
  12. FY2023-Q2RestatedAnnual report

    「Although the increase in vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips contributed to higher sales, sales and profit declined due to a decrease in orders resulting from reduced train services and other factors associated with the spread of COVID-19 since the second quarter of fiscal 2020, as well as soaring raw-material and energy prices.」

    Although the increase in equipped vehicles continued to contribute to sales, sales declined 10.5% and segment profit declined 67.2% due to reduced train services and lower order volumes associated with the spread of COVID-19, as well as soaring raw-material and energy prices.
  13. FY2023-Q1WorsenedAnnual report

    「Although the increase in vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips contributed to higher sales, sales and profit declined due to reduced train services associated with the spread of COVID-19 since the second quarter of fiscal 2020 and the impact of soaring raw-material and energy prices. As a result, sales for the cumulative first quarter of the current fiscal year were ¥394 million, down ¥36 million, or 8.5%, from the same quarter of the previous fiscal year, while segment profit was ¥11 million, down ¥33 million, or 74.9%.」

    Although the increase in equipped vehicles contributed to sales, the Railway Sintered Products business reported an 8.5% decline in sales and a 74.9% decline in segment profit due to reduced train services associated with the spread of COVID-19 and soaring raw-material and energy prices.
  14. FY2022AdvancedAnnual report

    「During the fiscal year, the company began mass production of a new product created by improving a copper-based sintered current-collecting material and applying it to sliding-contact components. It continues to pursue development aimed at higher performance. To expand the business, the company is also actively pursuing higher performance for next-generation Shinkansen products, expanded sales on conventional railway lines, and the development of new current-collecting components for industrial applications.」

    The company began mass production of a new product incorporating a copper-based sintered current-collecting material and is expanding into next-generation Shinkansen, conventional railway and industrial applications. Meanwhile, full-year sales in the Railway Sintered Products business declined 14.2%, and segment profit declined 9.5%.
  15. FY2022-Q3WorsenedAnnual report

    「Although the increase in vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips contributed to sales, sales declined due to the impact of reduced train services associated with the spread of COVID-19 since the second quarter of the previous fiscal year. As a result, sales for the cumulative third quarter of the current fiscal year were ¥1,156 million, down ¥211 million, or 15.5%, from the same quarter of the previous fiscal year, while segment profit was ¥51 million, down ¥47 million, or 48.0%.」

    Although the increase in equipped vehicles contributed to sales, the impact of reduced train services continued, resulting in a 15.5% decline in sales and a 48.0% decline in segment profit for the Railway Sintered Products business. The decline in profit widened from 18.0% in the previous quarter.
  16. FY2022-Q2RestatedAnnual report

    「Although the increase in vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips contributed to sales, sales declined due to the impact of reduced train services associated with the spread of COVID-19 since the second quarter of the previous fiscal year. As a result, sales for the cumulative second quarter of the current fiscal year were ¥813 million, down ¥156 million, or 16.1%, from the same quarter of the previous fiscal year, while segment profit was ¥66 million, down ¥14 million, or 18.0%.」

    Although the number of equipped vehicles continues to increase, the decline in sales and profit caused by reduced train services also continues. Sales declined 16.1% and segment profit declined 18.0%.
  17. FY2022-Q1WorsenedAnnual report

    「Although the increase in vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips contributed to sales, sales declined due to the impact of reduced train services associated with the spread of COVID-19 since the second quarter of the previous fiscal year. As a result, sales for the cumulative first quarter of the current fiscal year were ¥431 million, down ¥129 million, or 23.1%, from the same quarter of the previous fiscal year, while segment profit was ¥44 million, down ¥4 million, or 8.7%.」

    Although the increase in equipped vehicles contributed to sales, the Railway Sintered Products business reported a 23.1% decline in sales and an 8.7% decline in segment profit as the impact of reduced train services associated with the spread of COVID-19 continued.
  18. FY2021AdvancedAnnual report

    「During the fiscal year, the company began mass production of new products developed for new applications by leveraging the high heat resistance and high electrical conductivity of carbon-based current-collecting materials. For a new product created by improving a copper-based sintered current-collecting material and applying it to sliding-contact components, in-service testing has also been completed, and mass production will begin in the following fiscal year.」

    The railway rolling stock components business achieved mass production of a new product for a new application, while another new product incorporating a copper-based sintered current-collecting material completed in-service testing and progressed to the stage ahead of planned mass production in the following fiscal year.
  19. FY2021-Q3WorsenedAnnual report

    「Although the number of vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips increased, sales declined year on year due to the impact of reduced train services associated with the spread of COVID-19.」

    While the number of vehicles equipped with Shinkansen components increased, sales of railway rolling stock components declined year on year due to the impact of reduced train services associated with the spread of COVID-19. Performance deteriorated from the sales maintained at approximately the same level as the previous year through the previous quarter.
  20. FY2021-Q2RestatedAnnual report

    「Although demand for replacements declined due to reduced train services in response to measures against COVID-19, sales of railway rolling stock components were maintained at approximately the same level as in the same quarter of the previous year, supported by the growing number of vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips.」

    Despite the impact of lower replacement demand resulting from reduced train services, sales of railway rolling stock components were maintained at approximately the same level as in the same quarter of the previous year due to the increase in vehicles equipped with the Shinkansen brake lining and contact strips. The trend toward expanded installation of existing products continues.
  21. FY2021-Q1RestatedAnnual report

    「Sales of railway rolling stock components increased due to the growing number of vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips.」

    The disclosure continues to report higher sales from the increase in vehicles equipped with the Shinkansen brake lining and Shinkansen contact strips.
  22. FY2020AdvancedAnnual report

    「For carbon-based current-collecting materials for pantographs, the company has proceeded to use of the low-cost carbon-based material on some conventional railway lines following testing and evaluation, and is pursuing further sales expansion.」

    The low-cost carbon-based material progressed to the stage of being used on some conventional railway lines after testing and evaluation. The disclosure also reports higher sales driven by an increase in vehicles equipped with the new Shinkansen brake lining and replacement demand, as well as continued in-service testing of 2 products for new applications.
  23. FY2020-Q3RestatedAnnual report

    「Meanwhile, sales of railway rolling stock components increased as the number of vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016 continued to grow.」

    The disclosure continues to report higher sales from the continued increase in vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016. No new adoption or development completion is indicated.
  24. FY2020-Q2RestatedAnnual report

    「Meanwhile, sales of railway rolling stock components increased as the number of vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016 continued to grow.」

    The disclosure continues to report higher sales from the continued increase in vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016. No new adoption or development completion is indicated.
  25. FY2020-Q1RestatedAnnual report

    「Meanwhile, sales of railway rolling stock components increased as the number of vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016 continued to grow.」

    The disclosure reports higher sales from the continued increase in vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016. The existing trend toward expanded adoption and installation continues, with no new product adoption or development completion indicated.
  26. FY2019AdvancedAnnual report

    「For carbon-based pantograph current-collecting materials, development of a low-cost carbon-based material has been completed, and the material is being installed in vehicles operated by various railway companies for testing and evaluation toward adoption.」

    Following completion of development of the low-cost carbon-based material, the company moved on to installation and adoption testing at various railway companies. The disclosure also reports an award for the newly developed iron-based current-collecting material for Shinkansen trains, as well as adoption decisions for some new products and the start of pre-mass-production testing.
  27. FY2019-Q3RestatedAnnual report

    「Meanwhile, sales of railway rolling stock components increased due to the growing number of vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016.」

    The disclosure continues to report higher sales from the increase in vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016.
  28. FY2019-Q1RestatedAnnual report

    「In addition, sales of railway rolling stock components increased, as in the previous fiscal year, due to the growing number of vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016.」

    The increase in vehicles equipped with the Shinkansen brake lining newly developed in fiscal 2016 continued to contribute to higher sales, as it did in the previous fiscal year.
  29. FY2018-Q3RestatedAnnual report

    「In addition, sales of railway rolling stock components increased due to the growing number of vehicles equipped with the newly developed Shinkansen brake lining.」

    Sales of the newly developed Shinkansen brake lining continue to increase as the number of vehicles equipped with it grows. No new adoption track record has been reported since the previous quarter.
  30. FY2018-Q2RestatedAnnual report

    「In addition, sales of railway rolling stock components increased due to the growing number of vehicles equipped with the newly developed Shinkansen brake lining.」

    Sales of the newly developed Shinkansen brake lining continue to increase as the number of vehicles equipped with it grows. This represents a continuation of the trend toward expanded adoption and installation seen since the previous quarter.
  31. FY2018-Q1AdvancedAnnual report

    「In addition, sales of railway rolling stock components increased due to the growing number of vehicles equipped with the newly developed Shinkansen brake lining.」

    Sales of the Shinkansen brake lining, which had already been officially adopted, increased as the number of vehicles equipped with it grew.
  32. FY2017-Q3AdvancedAnnual report

    「In addition, sales of railway rolling stock components increased as, in addition to the newly developed current-collecting material for Shinkansen pantographs, the Shinkansen brake lining was officially adopted, contributing to improved profitability.」

    In addition to the existing current-collecting material for Shinkansen pantographs, the Shinkansen brake lining was also officially adopted, advancing the company's track record of adoption and profitability in railway rolling stock components.
  33. FY2017-Q2AdvancedAnnual report

    「In addition, sales of railway rolling stock components increased as the newly developed current-collecting material for Shinkansen pantographs was officially adopted, contributing to improved profitability.」

    The newly developed current-collecting material for Shinkansen pantographs was officially adopted, representing tangible progress toward expanding sales and improving profitability in railway rolling stock components.
  34. FY2017-Q1AdvancedAnnual report

    「Sales of railway vehicle components increased, owing to higher orders for Shinkansen brake linings and current collection materials for pantographs.」

    Higher orders for Shinkansen brake linings and pantograph current collection materials led to increased sales of railway vehicle components.
  35. FY2016First statedAnnual report

    「Our carbon-based current collection materials and brake components for railway vehicles, which apply our current collection and friction materials technology, have been well received. We will pursue further performance improvements and strengthen price and quality competitiveness, while stepping up initiatives to expand sales.」

    As a measure to expand the non-automotive business, it sets out a policy of improving the performance and price and quality competitiveness of carbon-based current collection materials and brake components by applying existing technologies.
Moved together

"Development of Compact, High-Performance Hydraulic Equipment and Expansion in Overseas Markets" moved the same way as this thread, in the same document, in 13 of its 37 moves.

13111010109★123456
  1. ★This thread
  2. 1Development of Compact, High-Performance Hydraulic Equipment and Expansion in Overseas Markets13×
  3. 2Preparations for Launch and Mass Production of Domestic Drivetrain Components and HEV Voltage-Boosting Components11×
  4. 3Expansion of Overseas Operations and Strengthening of the Global Production and Supply System10×
  5. 4Improving Production Efficiency and Flexibility Through Innovative, Low-Investment, Space-Saving Production Lines10×
  6. 5Capital Investment to Upgrade Domestic Facilities and Support Increased Overseas Production10×
  7. 6Technology Development in Materials, Manufacturing Processes and Equipment, and New Product Development9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Fine Sinter's next results are scheduled for 2026-10-28. Read the earnings preview It last moved in the Earnings of 2026-07-30: "Worsened".
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