Crystalline limestone segment to move out of the red and become profitable
First written in FY2018. 9 of 16 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2023-Q2.
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- FY2023-Q2ReframedAnnual report
「The Company discontinued its crystalline limestone business on 30 September 2022.」
The previous goal of returning the crystalline limestone segment to profitability took a different course in the form of ending the business concerned. - FY2023-Q1WorsenedAnnual report
「The crystalline limestone segment continued to underperform as the impact of lower whiteness in raw stone from the previous fiscal year persisted.」
The crystalline limestone segment continued to be affected by lower whiteness in raw stone and remained sluggish. The resources-related business as a whole also moved from a profit in the same period of the previous year to a loss of ¥29 million. - FY2022-Q3WorsenedAnnual report
「The crystalline limestone segment recorded lower sales and lower profit year on year as the impact of lower whiteness in mined raw stone continued from July onward.」
The lower whiteness of raw stone continued to affect the crystalline limestone segment, resulting in lower sales and lower profit. The resources-related business as a whole became profitable, but conditions for the segment's return to profitability remain challenging. - FY2022-Q2WorsenedAnnual report
「Demand for the crystalline limestone segment was on a recovery trend, and sales increased in the first quarter, but from July onward sales and operating profit were approximately unchanged from the same period of the previous year due to the impact of lower whiteness in mined raw stone.」
Although demand for the crystalline limestone segment was on a recovery trend, sales and operating profit remained approximately at the same levels as in the same period of the previous year due to lower whiteness in mined raw stone, and no progress toward profitability can be confirmed from the document. - FY2022-Q1AdvancedAnnual report
「Sales in the crystalline limestone segment increased as the impact of COVID-19 waned, with higher sales of construction materials, paint materials and other products. As a result, the resources-related business as a whole recorded sales of ¥564 million, up 1.1% year on year, and segment profit of ¥2 million, compared with a segment loss of ¥5 million in the same period of the previous year.」
Sales in the crystalline limestone segment increased, and the resources-related business as a whole moved from a loss in the same period of the previous year to a profit of ¥2 million. However, the document does not explicitly state that the crystalline limestone segment itself became profitable. - FY2021AdvancedAnnual report
「The crystalline limestone segment of the resources-related business will continue to aim for profitability through the earnings improvement task force. The resources-related business recorded sales of ¥2,193 million, up 17.0% from the previous consolidated fiscal year, and a segment loss of ¥17 million, compared with a segment loss of ¥197 million in the previous consolidated fiscal year.」
The goal of returning to profitability through the earnings improvement task force was maintained, and losses in the resources-related business as a whole narrowed from ¥197 million to ¥17 million. However, the business as a whole, including the crystalline limestone segment, remains loss-making. - FY2021-Q3AdvancedAnnual report
「Sales in the crystalline limestone division increased from the previous year, which was affected by typhoon damage, but demand for housing-related materials and road paint and materials remained sluggish amid the COVID-19 pandemic, and the division remained loss-making. The high-silica division, which supplies materials such as semiconductor encapsulation materials, maintained higher revenue and profit as demand related to semiconductors remained solid. As a result, the resource-related business as a whole recorded revenue of ¥1,666 million, up 20.7% year on year, and a segment loss of ¥3 million, compared with a segment loss of ¥160 million in the previous year.」
The crystalline limestone segment remains loss-making, but losses in the resources-related business as a whole narrowed substantially from ¥160 million in the same period of the previous year to ¥3 million, indicating an improvement in earnings toward the goal of returning to profitability. - FY2021-Q2AdvancedAnnual report
「Sales in the crystalline limestone segment declined because demand for housing-related materials and road paints and materials remained sluggish due to the impact of COVID-19, but the loss narrowed substantially as operations stabilized.」
Housing-related demand remained sluggish and sales declined, but the loss in the resources-related business, including the crystalline limestone segment, narrowed substantially as operations stabilized. - FY2021-Q1Resources-related losses narrowed, but housing demand remained sluggishAnnual report
「As a result, the resource-related business as a whole recorded revenue of ¥558 million, down 24.2% year on year, and a segment loss of ¥5 million, compared with a segment loss of ¥47 million in the previous year.」
Losses in the resources-related business as a whole narrowed from ¥47 million to ¥5 million, but sales in the crystalline limestone segment declined due to sluggish demand for housing-related materials. - FY2020-Q3WorsenedAnnual report
「As a result, the resources-related business as a whole recorded sales of ¥1,381 million, down 9.6% year on year, and a segment loss of ¥160 million, compared with a segment loss of ¥142 million in the same period of the previous year.」
Losses in the resources-related business increased from ¥142 million in the same period of the previous year to ¥160 million, and performance related to the goal of moving out of the red and becoming profitable deteriorated. - FY2020-Q2WorsenedAnnual report
「As a result, the resource-related business as a whole recorded revenue of ¥932 million, down 5.7% year on year, and a segment loss of ¥124 million, compared with a segment loss of ¥116 million in the previous year.」
Losses in the resources-related business increased from the same period of the previous year, and performance related to the crystalline limestone segment's goal of moving out of the red and becoming profitable deteriorated. - FY2020-Q1WorsenedAnnual report
「As a result, the resource-related business as a whole recorded revenue of ¥449 million, down 7.1% year on year, and a segment loss of ¥47 million, compared with a segment loss of ¥39 million in the previous year.」
Against a backdrop including sluggish demand for the crystalline limestone segment, losses in the resources-related business increased from the same period of the previous year, and performance related to the goal of moving out of the red and becoming profitable deteriorated. - FY2019WorsenedAnnual report
「For the crystalline limestone segment of the resources-related business, moving out of the red is a challenge. Last year, we refreshed personnel and reviewed the organizational structure, while also launching a task force to improve earnings. Through the task force, we will pursue sweeping reforms without sacred cows and aim to return to profitability.」
While the goal of returning to profitability and the earnings improvement task force were presented, the full-year loss increased to ¥167 million. - FY2019-Q3WorsenedAnnual report
「As a result, the resource-related business as a whole recorded revenue of ¥1,528 million, down 7.1% year on year, and a segment loss of ¥142 million, compared with a segment loss of ¥23 million in the previous year.」
Losses in the resources-related business, including the crystalline limestone segment, increased from ¥23 million in the same period of the previous year to ¥142 million, and performance related to the goal of moving out of the red and becoming profitable deteriorated. - FY2019-Q2WorsenedAnnual report
「As a result, the resource-related business as a whole recorded revenue of ¥988 million, down 9.7% year on year, and a segment loss of ¥116 million, compared with a segment loss of ¥7 million in the previous year.」
Against a backdrop including insufficient output from the crystalline limestone segment and sluggish optical-related demand in the high-silica segment, losses in the resources-related business increased substantially from the same period of the previous year. - FY2018First statedAnnual report
「For the crystalline limestone segment of the resources-related business, moving out of the red is the top priority. During the current period, we carried out accounting measures including impairment losses on fixed assets and write-downs of some product inventories, as well as personnel changes. We aim to return to profitability under the new structure.」
For the crystalline limestone segment, moving out of the red was identified for the first time as the top priority, with a return to profitability under the new personnel structure set as the goal.