Komori
Nitto Denko (6988) · InitiativeAdvancedLatest Revisions to earnings forecasts (2026-07-28): "Cited as achieved"

Expansion into New Applications for the Membrane Business

First written in FY2016. 11 of 31 entries say "Advanced", first in FY2017. Latest entry: 2026-07-28.

31entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2021-Q1 – FY2022-Q32016: 120162017: 320172018: 320182019: 320192020: 420202021: 120212022: 420222023: 420232024: 320242025: 220252026: 32026
Same theme, other companies
Applications of Membrane Technology in Batteries, Water Treatment and Fuel CellsA theme 2 companies write about · 0 as a headwind · 3 as a tailwind

0 other companies' latest entry also says "Cited as achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「The company will also focus on developing energy-saving, long-life products that help customers reduce costs.」

    In addition to its policy of capturing ZLD demand, the company identified the development of energy-saving, long-life products as a specific priority measure for the membrane business.
  2. FY2026-H1Solid ZLD demand in China and declining industrial demandAnnual report

    「Demand for ZLD (Zero Liquid Discharge), which helps achieve zero liquid discharge of wastewater and effluent, remained solid in China amid tighter wastewater regulations, while demand for polymeric separation membranes for various industrial applications declined.」

    In the membrane business, ZLD demand remained solid against the backdrop of tighter wastewater regulations in China, while demand for polymeric separation membranes for various industrial applications declined.
  3. FY2025AdvancedAnnual report

    「In fiscal 2024, the company focused on energy savings and developed a new, highly energy-efficient product capable of reducing energy consumption during operation by approximately 30% compared with conventional products.」

    The membrane business developed a new product that reduces energy consumption during operation by approximately 30% compared with conventional products.
  4. FY2025-H1AdvancedAnnual report

    「Membrane revenue increased from the previous interim consolidated accounting period. While demand for various industrial applications declined, mainly in China, demand increased in India for ZLD (Zero Liquid Discharge), which helps achieve zero liquid discharge of wastewater and effluent, amid tighter wastewater regulations.」

    While demand for general industrial applications continued to decline, mainly in China, ZLD demand increased in India amid tighter wastewater regulations, driving expansion in priority applications.
  5. FY2024ReframedAnnual report

    「While strategically reducing its focus on seawater desalination, the membrane business expects demand to increase for products that help achieve zero liquid discharge of wastewater and effluent in response to tighter wastewater regulations in various countries.」

    The company explicitly indicated a shift in the membrane business's focus away from seawater desalination and toward zero liquid discharge of wastewater and effluent and ZLD-related applications.
  6. FY2024-Q3RestatedAnnual report

    「Membranes (polymeric separation membranes) recorded lower revenue than in the first nine months of the previous fiscal year. Demand for polymeric separation membranes for various industrial applications declined, mainly in China.」

    The company reconfirmed that the decline in demand for polymeric separation membranes for industrial applications, mainly in China, was continuing.
  7. FY2024-Q2Declining demand for industrial applications, mainly in ChinaAnnual report

    「Membranes (polymeric separation membranes) recorded lower revenue than in the first six months of the previous fiscal year. Demand for polymeric separation membranes for various industrial applications declined, mainly in China.」

    In the membrane business, demand for polymeric separation membranes for various industrial applications declined, mainly in China, and revenue fell below the level of the same period of the previous year.
  8. FY2024-Q1RestatedAnnual report

    「Membranes (polymeric separation membranes) saw higher revenue than in the first three months of the previous fiscal year. Demand for polymeric separation membranes increased as demand remained solid for applications in ultrapure-water purification equipment used in semiconductor production.」

    The company reconfirmed increased demand for ultrapure-water purification equipment used in semiconductor production and growth in membrane revenue.
  9. FY2023AdvancedAnnual report

    「Some of the products developed through these initiatives were launched as the PRO Series and are helping achieve zero liquid discharge (ZLD) of wastewater and effluent from factories in regions such as China and India, where wastewater regulations are stringent.」

    The PRO Series, developed through initiatives to reuse wastewater, was launched and adopted for ZLD applications in China and India.
  10. FY2023-Q3RestatedAnnual report

    「Membrane revenue increased from the first nine months of the previous fiscal year. Demand for polymeric separation membranes increased in industrial applications.」

    The company reconfirmed the increase in demand for polymeric separation membranes in industrial applications and growth in membrane revenue.
  11. FY2023-Q2RestatedAnnual report

    「Membrane revenue increased from the first six months of the previous fiscal year. Demand for polymeric separation membranes increased in industrial applications.」

    The company reconfirmed the increase in demand for polymeric separation membranes in industrial applications and growth in membrane revenue.
  12. FY2023-Q1RestatedAnnual report

    「Membrane revenue increased from the first three months of the previous fiscal year. Demand for polymeric separation membranes increased in industrial applications.」

    The company reported increased demand in industrial applications and growth in membrane revenue.
  13. FY2022AdvancedAnnual report

    「In the separation membrane and membrane businesses, a new energy-saving product was adopted at a water purification facility in China in fiscal 2021. In addition, the movement toward zero liquid discharge (ZLD) of wastewater and effluent has accelerated in China and India, where facilities are being introduced ahead of the rest of the world, and the number of installations of the company's products has also increased.」

    An energy-saving new product was adopted at a water purification facility in China, and the number of installations of products for ZLD also increased.
  14. FY2022-Q3RestatedAnnual report

    「Membranes (polymeric separation membranes) grew from the first nine months of the previous fiscal year. Demand in various industrial applications recovered.」

    The company reconfirmed that recovering water treatment demand in various industrial applications drove year-on-year growth in the membrane business.
  15. FY2022-Q2Recovery in water treatment demandAnnual report

    「Membranes (polymeric separation membranes) grew from the first six months of the previous fiscal year. Demand in various industrial applications and the energy sector recovered.」

    The company stated that water treatment demand in various industrial applications and the energy sector recovered from the weakness in the previous fiscal year, resulting in business growth year on year.
  16. FY2021-Q2RestatedAnnual report

    「In membranes (the polymeric separation membrane business), demand in various industrial applications and the energy sector remained sluggish due to the significant impact of COVID-19. Although a recovery was seen in the second half, it did not reach the level of the first six months of the previous fiscal year.」

    Although demand in the membrane business showed signs of recovery, demand in industrial applications and the energy sector remained below the level of the same period of the previous year.
  17. FY2021-Q1Project postponements and sluggish demand due to COVID-19Annual report

    「In membranes (polymeric separation membranes), COVID-19 affected the business, including the postponement of some seawater desalination projects. In addition, demand in various industrial applications and the energy sector remained sluggish.」

    In the membrane business, COVID-19 led to the postponement of some seawater desalination projects and sluggish demand in industrial applications and the energy sector.
  18. FY2020AdvancedAnnual report

    「In membranes, demand for seawater desalination and various industrial applications related to environmental measures remained solid. Demand also increased in the energy sector for a new nanofiltration membrane for injection water used in oilfield production.」

    The membrane business reported increased demand for a new nanofiltration membrane for injection water used in oilfield production, in addition to environmental measures and seawater desalination.
  19. FY2020-Q3RestatedAnnual report

    「In membranes, demand for seawater desalination and various industrial applications, as well as for water treatment plants in the energy sector, was strong.」

    The company reconfirmed its view that demand for seawater desalination, various industrial applications and water treatment plants in the energy sector was strong.
  20. FY2020-Q2RestatedAnnual report

    「In membranes, demand for seawater desalination and various industrial applications remained solid, as did demand for water treatment plants in the energy sector.」

    The company reiterated its view that demand for seawater desalination, industrial applications and water treatment plants in the energy sector remained solid.
  21. FY2020-Q1AdvancedAnnual report

    「In membranes, demand for seawater desalination and various industrial applications remained solid, as did demand for water treatment plants in the energy sector.」

    The membrane business explicitly identifies water treatment plants in the energy sector, in addition to seawater desalination and various industrial applications, as target applications.
  22. FY2019AdvancedAnnual report

    「A new product for brackish-water desalination was also selected for a major project in South Asia, contributing to sales growth. Customer requirements for water-treatment plants vary depending on water conditions around the world. We will continue working to expand sales by developing products that meet demand in each region. In addition, by launching new products for wastewater reuse, we will contribute to the realisation of a circular society.」

    In the membrane business, a new product for brackish-water desalination was adopted for a large-scale project in South Asia, and progress was also made toward launching a new product for wastewater reuse.
  23. FY2019-Q2RestatedAnnual report

    「The membrane business performed steadily as it responded to demand from water-treatment plants for various industrial applications, including seawater desalination.」

    The disclosure states that the membrane business is responding steadily to demand from water-treatment plants for industrial applications, including seawater desalination.
  24. FY2018AdvancedAnnual report

    「A new product combining energy efficiency and high water permeability has also been selected for use in a major project. Going forward, in addition to applications such as ultrapure water, seawater desalination and brackish-water desalination, we will continue to introduce high-value-added new products, including products for oilfield injection-water treatment, and contribute to securing increasingly diverse water resources.」

    In the membrane business, a new product combining energy efficiency and high water permeability was selected for use in a major project, marking progress in developing new applications and high-value-added products.
  25. FY2018-Q3AdvancedAnnual report

    「Performance is showing signs of recovery year on year. We are advancing automation in manufacturing processes and improving productivity, while focusing going forward on expanding new environmental businesses, such as wastewater reuse, in regions where environmental regulations are being strengthened.」

    The company gave concrete form to its policy of advancing automation and productivity improvements in the membrane business and focusing on expanding environmental businesses, such as wastewater reuse, in regions with stringent environmental regulations.
  26. FY2018-Q2Quarterly results updateAnnual report

    「In membranes (polymeric separation membranes), stable crude oil prices have led to signs that seawater desalination projects are resuming in some Middle Eastern countries, and orders are also recovering. However, revenue and profit declined year on year compared with the strong same period of the previous year.」

    Although some Middle Eastern countries showed signs of seawater desalination projects resuming and orders recovering, revenue and profit declined year on year.
  27. FY2018-Q1RestatedAnnual report

    「In the membrane business, demand for water-treatment plants for various industrial applications, including seawater desalination, has shown signs of recovery since the beginning of the current fiscal year. However, the competitive environment remains challenging, and performance has not yet reached the level seen during the strong same period last year.」

    While demand for water-treatment plants for seawater desalination and industrial applications is showing signs of recovery, the disclosure states that the competitive environment remains challenging and performance has not reached the level of the same period of the previous year.
  28. FY2017AdvancedAnnual report

    「In the membrane business, sales of reverse osmosis membranes for household water purifiers increased in China, India and other growing markets. We will continue to focus on this field, contribute to improving the water environment at the community level in these regions, and expand the business.」

    The disclosure notes increased sales of reverse osmosis membranes for household water purifiers in China and India, demonstrating progress in developing new applications.
  29. FY2016First statedAnnual report

    「As an approach to new markets, we launched membrane products for oilfield injection-water treatment and membrane products for household water purifiers, a market growing in China, India and elsewhere, and are working to expand sales.」

    In addition to existing applications in seawater desalination and wastewater reuse, applications were expanded to oilfield injection-water treatment and household water purifiers.
Moved together

"Strengthening the optoelectronics business and improving productivity" moved the same way as this thread, in the same document, in 9 of its 31 moves.

987665★123456
  1. ★This thread
  2. 1Strengthening the optoelectronics business and improving productivity9×
  3. 2Shareholder returns through share repurchases8×
  4. 3Balancing Stable Dividends with Growth Investment7×
  5. 4Capital Investment in Growth Areas and Production Capacity Expansion6×
  6. 5Reducing Environmental Impact and Environmental Stewardship6×
  7. 6Expansion of the Contract Synthesis Business for Nucleic Acid Medicines5×

★ 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.

When this could move next
Nitto Denko's next results are scheduled for 2026-10-27. Read the earnings preview It last moved in the Revisions to earnings forecasts of 2026-07-28: "Cited as achieved".
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