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Nitchitsu (7021) · FactWorsenedLatest Earnings presentation (2026-11-13): "Advanced"

Lower sales in the Materials-related Business as orders ran their course

First written in FY2016. 17 of 41 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-11-13.

41entries
11years
6from disclosures
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How it moved
ProgressHeldSoftenedWorse2016: 320162017: 420172018: 420182019: 420192020: 320202021: 420212022: 320222023: 420232024: 320242025: 220252026: 72026
Same theme, other companies
Lower Revenue and Profit Due to Sluggish OrdersA theme 15 companies write about · 15 as a headwind · 0 as a tailwind

Nitchitsu moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).

The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.

1 other company's latest entry also says "Advanced".

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.
Showing 14 of the 15 companies compared. The sentences above are computed from all 15.
Full recordFilings, disclosures and news, newest first
  2. FY2026WorsenedAnnual report

    「For the materials-related business as a whole, revenue was ¥797 million, down 29.1% from the previous fiscal year, and segment profit was ¥28 million, down 14.2% year on year.」

    The materials-related business reported a substantial decline in revenue, and segment profit also decreased.
  4. FY2026-H1WorsenedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥389 million, down 12.2% year on year, and operating profit was ¥7 million, down 67.8% year on year.」

    The materials-related business reported lower revenue and profit, with operating profit down 67.8% year on year.
  5. FY2025AdvancedAnnual report

    「For the materials-related business as a whole, revenue was ¥1,125 million, up 67.0% from the previous fiscal year, and segment profit was ¥33 million, up 61.7% year on year.」

    The materials-related business reported substantial increases in revenue and profit. The disclosure cited revenue recognition from major Linatex projects and improved profitability.
  6. FY2025-H1AdvancedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥443 million, up 36.6% year on year, and operating profit was ¥24 million, compared with an operating loss of ¥4 million in the same period of the previous year.」

    The materials-related business reported a substantial increase in revenue and swung from an operating loss in the same period of the previous year to operating profit of ¥24 million. The disclosure stated that domestic and export sales of heat-resistant coatings and accumulated Linatex orders contributed.
  7. FY2024WorsenedAnnual report

    「For the materials-related business as a whole, revenue was ¥673 million, down 9.6% from the previous fiscal year, and segment profit was ¥20 million, down 38.6% year on year.」

    The materials-related business reported lower revenue and profit, but segment profit remained positive.
  8. FY2024-Q3WorsenedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥489 million, down 14.2% year on year, and segment profit was ¥4 million, down 79.8% year on year.」

    The materials-related business reported lower revenue, and segment profit declined sharply by 79.8% year on year. Profit nevertheless remained positive.
  9. FY2024-Q2WorsenedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥324 million, down 17.4% year on year, and the segment posted a loss of ¥4 million, compared with segment profit of ¥11 million in the same period of the previous year.」

    The materials-related business reported lower revenue and swung from segment profit in the same period of the previous year to a loss of ¥4 million. The heat-resistant coatings division showed signs of recovery in equipment applications, while Linatex struggled as one-off factors from the previous fiscal year fell away.
  10. FY2024-Q1WorsenedAnnual report

    「The heat-resistant coatings division showed signs of recovery in its core equipment and export businesses. The Linatex (high-purity natural rubber) division struggled as one-off factors from the previous fiscal year fell away. As a result, revenue for the materials-related business as a whole was ¥152 million, down 11.3% year on year, and the segment posted a loss of ¥9 million, compared with segment profit of ¥2 million in the same period of the previous year.」

    Although the equipment and export businesses of the heat-resistant coatings division showed signs of recovery, revenue declined as one-off factors supporting Linatex fell away, and the materials-related business swung from profit in the same period of the previous year to a loss.
  11. FY2023Slight revenue growth, lower profit, but remained profitableAnnual report

    「For the materials-related business as a whole, revenue was ¥745 million, up 0.3% from the previous fiscal year, and segment profit was ¥33 million, down 35.8% year on year.」

    The materials-related business reported a slight increase in revenue, but profit declined due to sluggish heat-resistant coating exports and other factors. Profit nevertheless remained positive.
  12. FY2023-Q3Continued revenue growth but declining profitAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥569 million, up 5.8% year on year, and segment profit was ¥22 million, down 59.8% year on year.」

    The materials-related business reported higher revenue, while segment profit declined sharply due to sluggish heat-resistant coating exports and other factors.
  13. FY2023-Q2Higher Revenue, Lower ProfitAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥393 million, up 2.5% year on year, and segment profit was ¥11 million, down 72.8% year on year.」

    The materials-related business reported higher revenue, while segment profit declined sharply. The disclosure cited sluggish growth in heat-resistant coating exports and the fading of one-off factors supporting Linatex.
  14. FY2023-Q1WorsenedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥171 million, down 12.9% year on year, and segment profit was ¥2 million, down 89.8% year on year.」

    Revenue and profit declined due to sluggish growth in heat-resistant coating exports and the fading of one-off factors supporting Linatex.
  15. FY2022-Q3AdvancedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥538 million, up 8.0% year on year, and segment profit was ¥56 million, up 77.5% year on year.」

    The materials-related business reported higher revenue and profit, with segment profit up 77.5% year on year. Growth in heat-resistant coating exports and Linatex sales to new customers and the cement industry contributed.
  16. FY2022-Q2AdvancedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥383 million, up 17.0% year on year, and segment profit was ¥43 million, up 116.6% year on year.」

    The materials-related business as a whole reported higher revenue and profit, driven by increased heat-resistant coating exports and growth in Linatex sales to the thermal power generation and cement industries.
  17. FY2022-Q1AdvancedAnnual report

    「Sales of heat-resistant coatings increased slightly as higher exports offset lower industrial sales. Linatex (high-purity natural rubber) sales grew substantially, mainly for the steelmaking and cement industries. As a result, revenue for the materials-related business as a whole was ¥196 million, up 24.0% year on year, and segment profit was ¥27 million, up 127.9% year on year.」

    The materials-related business reported higher revenue and profit on increased exports and growth in Linatex sales to the steelmaking and cement industries.
  18. FY2021WorsenedAnnual report

    「For the materials-related business as a whole, revenue was ¥661 million, down 12.0% from the previous fiscal year, and segment profit was ¥44 million, down 14.4% year on year.」

    Revenue and profit declined as the spread of COVID-19 reduced sales of heat-resistant coatings and Linatex-related products.
  19. FY2021-Q3Lower sales and higher profitAnnual report

    「Sales of heat-resistant coatings declined due to the impact of the COVID-19 pandemic. Linatex-related sales also declined due to the pandemic, but profit increased as profitability improved. As a result, revenue for the materials-related business as a whole was ¥498 million, down 4.8% year on year, and segment profit was ¥31 million, up 16.0% year on year.」

    Sales of heat-resistant coatings and Linatex declined, but segment profit increased as profitability improved.
  20. FY2021-Q2WorsenedAnnual report

    「Sales of heat-resistant coatings declined due to the impact of the COVID-19 pandemic. Although the Linatex (high-purity natural rubber) business acquired new customers and recorded other gains, sales declined as business with the steelmaking and cement industries remained sluggish. As a result, revenue for the materials-related business as a whole was ¥327 million, down 10.9% year on year, and segment profit was ¥19 million, down 24.2% year on year.」

    Although the disclosure cited the acquisition of new customers, lower sales of heat-resistant coatings and Linatex-related products resulted in lower revenue and profit.
  21. FY2021-Q1WorsenedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥158 million, down 15.8% year on year, and segment profit was ¥12 million, down 6.1% year on year.」

    Revenue and profit declined as sales of heat-resistant coatings fell amid the COVID-19 pandemic and Linatex-related sales also declined.
  22. FY2020-Q3AdvancedAnnual report

    「Sales of heat-resistant coatings declined overall as lower product sales outweighed higher sales for equipment applications, but various measures to improve earnings were effective and the division returned to profitability. Linatex-related sales to the steelmaking and cement industries increased, resulting in higher revenue and profit. As a result, revenue for the materials-related business as a whole was ¥524 million, down 1.0% year on year, and segment profit was ¥27 million, compared with a segment loss of ¥6 million in the same period of the previous year.」

    Revenue declined slightly, but the materials-related business returned from a loss in the same period of the previous year to profit as the heat-resistant coatings division returned to profitability and Linatex-related revenue and profit increased.
  23. FY2020-Q2AdvancedAnnual report

    「Sales of heat-resistant coatings declined overall as lower industrial and other product sales outweighed higher sales for equipment applications, but various measures to improve earnings were effective and the division returned to profitability. Linatex (high-purity natural rubber) sales increased for the steelmaking and cement industries. As a result, revenue for the materials-related business as a whole was ¥367 million, up 3.7% year on year, and segment profit was ¥26 million, compared with a segment loss of ¥3 million in the same period of the previous year.」

    The materials-related business reported higher revenue and returned from a loss in the same period of the previous year to profit as the heat-resistant coatings division returned to profitability.
  24. FY2020-Q1AdvancedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥188 million, up 1.1% year on year, and segment profit was ¥12 million, up 209.3% year on year.」

    Revenue increased due to higher sales of equipment-use heat-resistant coatings and other factors, while segment profit also increased from ¥4 million in the same period of the previous year to ¥12 million.
  25. FY2019WorsenedAnnual report

    「For the materials-related business as a whole, revenue was ¥692 million, down 0.4% from the previous fiscal year. Due to deteriorating profitability caused by lower revenue and the occurrence of loss-making construction projects, the segment posted a loss of ¥4 million, compared with segment profit of ¥38 million in the previous fiscal year.」

    The business swung from profit in the previous year to a loss, with loss-making construction projects and deteriorating profitability cited for the full year.
  26. FY2019-Q3WorsenedAnnual report

    「Sales of heat-resistant coatings increased, but sales for Linatex (high-purity natural rubber) declined compared with the same period of the previous year, when major projects were underway. As a result, revenue for the materials-related business as a whole was ¥529 million, down 5.0% year on year. Due to deteriorating profitability caused by lower revenue and the occurrence of loss-making construction projects, the segment posted a loss of ¥6 million, compared with segment profit of ¥49 million in the same period of the previous year.」

    The materials-related business reported lower revenue and swung from profit in the same period of the previous year to a loss. The disclosure cited the completion of major Linatex projects, deteriorating profitability and loss-making construction projects.
  27. FY2019-Q2WorsenedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥354 million, down 8.1% year on year, and the segment posted a loss of ¥3 million, compared with segment profit of ¥39 million in the same period of the previous year.」

    Revenue declined compared with the same period of the previous year, when major projects were underway, and the business swung from profit to a loss.
  28. FY2019-Q1WorsenedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥186 million, up 1.1% year on year, and segment profit was ¥4 million, down 84.7% year on year.」

    Revenue increased slightly, but segment profit fell sharply, down 84.7% year on year.
  29. FY2018AdvancedAnnual report

    「For the materials-related business as a whole, revenue was ¥694 million, up 8.1% from the previous fiscal year, and segment profit was ¥38 million, up 1,370.0% year on year.」

    Revenue continued to increase, and segment profit rose from ¥2.6 million in the previous year to ¥38.3 million.
  30. FY2018-Q3AdvancedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥557 million, up 13.0% year on year, and segment profit was ¥49 million, up 2,623.9% year on year.」

    Revenue from the materials-related business continued to increase, while segment profit rose sharply from ¥1 million in the same period of the previous year to ¥49 million.
  31. FY2018-Q2AdvancedAnnual report

    「As a result, revenue for the materials-related business as a whole was ¥386 million, up 21.4% year on year, and segment profit was ¥39 million, compared with a segment loss of ¥1 million in the same period of the previous year.」

    The materials-related business reported higher revenue and improved from the previous quarter, which had returned to profit from a loss in the same period of the previous year, to profit of ¥39 million.
  32. FY2018-Q1Revenue Growth and Return to ProfitabilityAnnual report

    「Sales of heat-resistant coatings increased as demand remained firm for both equipment and industrial applications. Revenue from Linatex (high-purity natural rubber) also increased for customers in the cement industry and other sectors. As a result, revenue for the materials-related business as a whole was ¥184 million, up 17.8% year on year, and segment profit was ¥27 million, compared with a segment loss of ¥3 million in the same period of the previous year.」

    The decline in revenue caused by major projects running their course was reversed, with revenue increasing on higher demand for heat-resistant coatings and Linatex. The business also returned to profit from a loss in the same period of the previous year.
  33. FY2017RestatedAnnual report

    「Revenue from Linatex (high-purity natural rubber) also declined as major projects for the cement industry had run their course. As a result, revenue for the materials-related business as a whole was ¥642 million, down 16.1% from the previous fiscal year, and operating profit was ¥2 million, down 96.0% year on year.」

    Revenue declined as major projects ran their course and heat-resistant coatings remained sluggish, while profit remained marginally positive.
  34. FY2017-Q3Continued return to a small profitAnnual report

    「Revenue from Linatex (high-purity natural rubber) also declined as large projects for the cement industry had run their course. As a result, revenue for the materials-related business as a whole was ¥493 million, down 20.4% year on year, and segment profit was ¥1 million, down 97.4% year on year.」

    Revenue declined as large projects ran their course and heat-resistant coatings remained sluggish. Profit fell 97.4% year on year, but the segment remained marginally profitable.
  35. FY2017-Q2WorsenedAnnual report

    「Revenue from Linatex (high-purity natural rubber) also declined as major projects for the cement industry had run their course. As a result, revenue for the materials-related business as a whole was ¥318 million, down 28.1% year on year, and the segment posted a loss of ¥1 million, compared with segment profit of ¥61 million in the same period of the previous year.」

    The decline in revenue widened as major projects ran their course and industrial heat-resistant coatings remained sluggish, while the business continued to shift from profit in the same period of the previous year to a loss.
  36. FY2017-Q1Shift to a segment lossAnnual report

    「Revenue from Linatex (high-purity natural rubber) increased for customers in the cement industry and other sectors, but sales of heat-resistant coatings declined in industrial applications, including home appliances, despite a slight increase in sales for equipment applications. As a result, revenue for the materials-related business as a whole was ¥156 million, down 2.6% year on year, and the segment posted a loss of ¥3 million, compared with segment profit of ¥13 million in the same period of the previous year.」

    Although some Linatex sales increased, the business swung from profit in the same period of the previous year to a loss due to lower industrial demand for heat-resistant coatings and other factors.
  37. FY2016First statedAnnual report

    「Sales of lineratex, a high-purity natural rubber, also declined as large projects for the cement industry ran their course. As a result, total sales for the Materials-related Business were ¥765 million, down 24.3% from the previous fiscal year, while operating income was ¥65 million, down 59.7%.」

    The materials-related business reported lower revenue and profit, mainly because major projects had run their course.
Moved together

"Earning power of the machinery-related business" moved the same way as this thread, in the same document, in 15 of its 41 moves.

15139987★123456
  1. ★This thread
  2. 1Earning power of the machinery-related business15×
  3. 2Weak demand and losses in the resource-related business13×
  4. 3Improved occupancy at rental properties9×
  5. 4Reduction of Interest-Bearing Debt9×
  6. 5Increase in Cash and Cash Equivalents8×
  7. 6Decrease in Cash Flow from Operating Activities7×

★ 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
Nitchitsu's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Earnings presentation of 2026-11-13: "Advanced".
News
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