Sales Dependence on Separators for Lithium-Ion Secondary Batteries
First written in FY2016. 9 of 14 entries say "Softened", first in FY2023-Q3. Latest entry: FY2027-H1.
W-Scope moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2024: 13 of 48 companies on the "Worse" side.
4 other companies' latest entry also says "Softened".
- FY2027-H1SoftenedAnnual report
「Sales in the separator business were ¥1,131 million (133.5% year on year), sales in the ion-exchange membrane business were ¥796 million (132.1% year on year), and total consolidated sales were ¥1,928 million (132.9% year on year).」
Separator business sales accounted for approximately 59% of consolidated sales, and the recognition of ¥796 million in the ion-exchange membrane business further reduced the separator business's relative share of sales. - FY2026SoftenedAnnual report
「In the consolidated fiscal year, separator business sales calculated by simply aggregating the sales of WCP, an equity-method affiliate, accounted for 90.7% of the Group's sales on the same simple-aggregation basis.」
Dependence on the separator business remains substantial, but in light of revenue recognized in the ion-exchange membrane business and WCP becoming an equity-method affiliate, dependence declined from the previous 100% to 90.7% on a simple-aggregation basis. - 2026-03-19SoftenedFinancial results
「In the ion-exchange membrane business, in addition to the stable growth of 2 projects for the POSCO group, transactions for new projects for which orders have been delayed are also expected to begin.」
Although dependence on the separator business continued, revenue from the ion-exchange membrane business reached ¥1,419 million, indicating progress in diversifying revenue sources. However, orders for other new projects were delayed. - FY2026-H1SoftenedAnnual report
「With sales affected by continued declines in sales volume due to stagnant EV demand and W-SCOPE CHUNGJU PLANT CO., LTD. (hereinafter, WCP) changing from a consolidated subsidiary to an equity-method affiliate from the third quarter of the previous fiscal year, sales in the separator business were ¥847 million (3.1% year on year), sales in the ion-exchange membrane business were ¥603 million (56.9% year on year), and total consolidated sales were ¥1,450 million (5.0% year on year), a decrease of ¥27,612 million (¥29,062 million in the same period of the previous year).」
Dependence on the separator business remains, but ¥603 million in sales was recognized in the ion-exchange membrane business, making the diversification of revenue sources clearer in the reported segments. Meanwhile, consolidated sales decreased by ¥27,612 million year on year. - FY2025SoftenedAnnual report
「The Group specializes in the manufacture and sale of separators for lithium-ion secondary batteries, and in the consolidated fiscal year, sales of these products accounted for 95.7% of the Group's sales.」
Dependence on separator sales remains substantial, but ¥1,335 million in ion-exchange membrane sales was also recognized, reducing the Group's previous dependence on separators for all sales. - FY2025-H1SoftenedAnnual report
「In addition, shipments to the customer's plant in Argentina were completed in the ion-exchange membrane business, and ¥1,059 million of sales was recognized during the interim consolidated accounting period.」
Although dependence on the separator business continues, shipments to Argentina were completed and ¥1,059 million in sales was recognized in the ion-exchange membrane business, advancing the diversification of revenue sources. - FY2024-Q2SoftenedAnnual report
「In addition, sales of ion-exchange membranes to Argentina totaled ¥579 million.」
Although dependence on the separator business continues, ¥579 million in sales was recognized in the ion-exchange membrane business, advancing the diversification of revenue sources. - FY2024SoftenedAnnual report
「In addition, production of ion-exchange membranes, a new business, began, generating sales of ¥2,458 million.」
Although the separator business remains the core business, revenue diversification is progressing as the ion-exchange membrane business began production and recognized ¥2,458 million in sales. - FY2023-Q3SoftenedAnnual report
「In the separator business for lithium-ion secondary batteries, the Group's core business, shipments for consumer applications remained sluggish amid weak global demand for certain consumer products. Sales for consumer applications were ¥12,675 million, down 26.4% year on year. Although growth in overall market demand for EVs also showed signs of slowing, demand for high-end vehicle models manufactured by the Group's customers remained firm, supported by environmental policies in various countries. As a result, automotive sales were ¥22,356 million, up 67.6% year on year. In the ion-exchange membrane business, ¥1,233 million of advance payments received under supply contracts was recognized as revenue during the nine-month period ended in the third quarter of the current fiscal year.」
Although the separator business remains the core business, ¥1,233 million of revenue was recognized in the ion-exchange membrane business, changing the revenue mix from the previous description that separators accounted for all Group sales. - FY2022RestatedAnnual report
「The Group specializes in the manufacture and sale of separators for lithium-ion secondary batteries, and in the consolidated fiscal year, sales of these products accounted for all of the Group's sales.」
Dependence on a single product for revenue continues, with that product accounting for all consolidated sales. - FY2019RestatedAnnual report
「The Group specializes in the manufacture and sale of separators for lithium-ion secondary batteries, and in the consolidated fiscal year, sales of these products accounted for all of the Group's sales.」
Separators for lithium-ion secondary batteries again accounted for all consolidated sales in the period, continuing the Group's dependence on a single product for revenue. - FY2018RestatedAnnual report
「The Group specializes in the manufacture and sale of separators for lithium-ion secondary batteries, and in the consolidated fiscal year, sales of these products accounted for all of the Group's sales.」
Dependence on sales of a single product continues, with separators again accounting for all sales in the period. - FY2017RestatedAnnual report
「The Group specializes in the manufacture and sale of separators for lithium-ion secondary batteries, and in the consolidated fiscal year, sales of these products accounted for all of the Group's sales. The Group also expects sales of separators for lithium-ion secondary batteries to remain its primary source of revenue going forward.」
The business concentration arising from a single product accounting for all sales and remaining the primary source of revenue going forward continues to be disclosed. - FY2016First statedAnnual report
「The Group specializes in the manufacture and sale of separators for lithium-ion secondary batteries, and in the consolidated fiscal year, sales of these products accounted for all of the Group's sales.」
The business concentration risk arising from a single product accounting for all sales in the consolidated fiscal year is disclosed.