Turning the frit business profitable
First written in FY2016. 13 of 18 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024WorsenedAnnual report
「Sales of frit (glass powder) for LTCC used in 5G communications fell below expectations because customer expansion was slower than anticipated. Accordingly, the carrying value of the frit production equipment was reduced to its recoverable amount, and the decrease was recorded as an impairment loss under extraordinary losses.」
Customer expansion for frit for LTCC applications was slower than anticipated, resulting in sales below expectations. An impairment loss of ¥10.644 million was recorded on the frit production equipment, indicating a deterioration in progress toward the profitability target. - FY2023-Q3RestatedAnnual report
「Revenue from decorative vapor deposition on glass containers and from frit increased.」
The disclosure states that frit revenue increased, but does not indicate that the frit business alone became profitable or that a new mass-production milestone was reached. - FY2023-Q2RestatedAnnual report
「Revenue from decorative vapor deposition on glass containers and from frit increased.」
The disclosure states that frit revenue increased, but does not indicate that the frit business alone became profitable or that a new mass-production milestone was reached. - FY2022AdvancedAnnual report
「In the previous consolidated fiscal year, we completed development of mass-production technology for green sheets made by forming glass frit for LTCC into sheet form. In the current consolidated fiscal year, we shipped mass-produced products.」
For glass frit for LTCC, shipments of mass-produced products were made during the current consolidated fiscal year following completion of mass-production technology development. - FY2020WorsenedAnnual report
「Sales of frit (glass powder) for solar-cell applications fell below expectations because customer expansion was slower than anticipated. Accordingly, the carrying value of the frit production equipment was reduced to its recoverable amount, and the decrease was recorded as an impairment loss under extraordinary losses.」
Customer expansion for solar-cell applications was slower than anticipated, resulting in sales below expectations and an impairment loss of ¥54.86 million on the frit production equipment. - FY2019AdvancedAnnual report
「Revenue for the consolidated fiscal year was ¥1,775 million, an increase of ¥524 million, or 41.9%, from the previous fiscal year. Segment profit (operating profit) was ¥73 million, an improvement of ¥112 million year on year, compared with a segment loss of ¥39 million in the previous fiscal year. Revenue increased in the marine and special-purpose equipment business, whose main product is the Edo-kko 1 submarine, as well as in decorative vapor deposition on glass containers, silver mirrors (Hi-Silver®), washing-machine door glass and frit (glass powder).」
The Other business as a whole, including frit, shifted to operating profit. However, the disclosure does not state that the frit business alone became profitable. - FY2019-Q3AdvancedAnnual report
「③ Other Revenue for the nine months ended 30 June was ¥1,403 million, an increase of ¥512 million, or 57.5%, from the same period of the previous year. Segment profit (operating profit) was ¥88 million, an improvement of ¥144 million year on year, compared with a segment loss of ¥55 million in the first nine months of the previous fiscal year. Revenue increased in the marine and special-purpose equipment business, whose main product is the Edo-kko 1 submarine, as well as in decorative vapor deposition on glass containers, silver mirrors (Hi-Silver®), washing-machine door glass and frit (glass powder).」
Operating results for the Other business, including frit, shifted from a loss of ¥55 million in the same period of the previous year to a profit of ¥88 million. The disclosure does not state that the frit business alone became profitable, but profitability for the business as a whole is improving. - FY2019-Q2AdvancedAnnual report
「Revenue for the six months ended 30 June was ¥783 million, an increase of ¥244 million, or 45.3%, from the same period of the previous year. The segment loss (operating loss) was ¥39 million, an improvement of ¥28 million year on year, compared with a segment loss of ¥68 million in the first six months of the previous fiscal year. Revenue from decorative vapor deposition on glass containers, silver mirrors (Hi-Silver®), washing-machine door glass and frit (glass powder) increased.」
Revenue in the Other business, including frit, increased, and the operating loss narrowed from ¥68 million in the same period of the previous year to ¥39 million. The business has not yet reached profitability, although the figures improved toward the target. - FY2019-Q1AdvancedAnnual report
「Revenue for the three months ended 30 June was ¥363 million, an increase of ¥97 million, or 36.6%, from the same period of the previous year. The segment loss (operating loss) was ¥11 million, an improvement of ¥15 million year on year, compared with a segment loss of ¥27 million in the first three months of the previous fiscal year. Revenue from decorative vapor deposition on glass containers, silver mirrors (Hi-Silver®) and frit (glass powder) increased.」
Revenue in the Other business, including frit, increased and the loss narrowed, but an operating loss of ¥11 million remained, so the business had not yet reached profitability. - FY2018AdvancedAnnual report
「Revenue for the consolidated fiscal year was ¥1,251 million, up ¥195 million, or 18.5%, from the previous fiscal year. The segment loss (operating loss) was ¥39 million, an improvement of ¥118 million from the previous fiscal year (the segment loss in the previous fiscal year was ¥157 million). Revenue from frit (glass powder) and high-durability silver mirrors (Hi-Silver®) increased, while contract manufacturing of decorative vapor deposition on glass containers, which began in February 2018, also contributed to the increase in revenue.」
Revenue in the business including frit increased, and the operating loss narrowed from ¥157 million to ¥39 million. The business has not yet reached profitability, although the disclosure cites an improvement in losses and a contribution from contract manufacturing of decorative vapor deposition. - FY2018-Q3AdvancedAnnual report
「③ Other Revenue for the nine months ended 30 June was ¥890 million, an increase of ¥176 million, or 24.7%, from the same period of the previous year. The segment loss (operating loss) was ¥55 million, an improvement of ¥58 million year on year, compared with a segment loss of ¥113 million in the first nine months of the previous fiscal year. Revenue from frit (glass powder) and silver mirrors (Hi-Silver®) increased.」
Revenue in the Other business, including frit, increased 24.7%, and the operating loss narrowed from ¥113 million to ¥55 million. The business has not yet reached profitability, although the loss is continuing to improve. - FY2018-Q2AdvancedAnnual report
「③ Other Revenue for the six months ended 30 June was ¥539 million, an increase of ¥91 million, or 20.4%, from the same period of the previous year. The segment loss (operating loss) was ¥68 million, an improvement of ¥37 million year on year, compared with a segment loss of ¥106 million in the first six months of the previous fiscal year. Revenue from washing-machine door glass and frit (glass powder) increased.」
Revenue in the Other business, including frit, increased, and the operating loss narrowed from ¥106 million in the same period of the previous year to ¥68 million. The business has not yet reached profitability, although the figures improved. - FY2018-Q1AdvancedAnnual report
「③ Other Revenue for the nine months ended 30 June was ¥266 million, an increase of ¥53 million, or 25.3%, from the same period of the previous year. The segment loss (operating loss) was ¥27 million, an improvement of ¥11 million year on year, compared with a segment loss of ¥39 million in the first nine months of the previous fiscal year. Revenue from frit (glass powder) increased.」
Revenue in the Other business, including frit, increased and the operating loss narrowed. The business has not yet reached profitability, although the figures improved from the same period of the previous year. - FY2017AdvancedAnnual report
「Revenue for the consolidated fiscal year was ¥1,056 million, up ¥284 million, or 37.0%, from the previous fiscal year. The segment loss (operating loss) was ¥157 million, an improvement of ¥192 million from the previous fiscal year (the segment loss in the previous fiscal year was ¥350 million). Revenue from frit (glass powder) and silver mirrors (Hi-Silver®) increased.」
Revenue in the Other business, including frit, increased 37.0%, and the operating loss narrowed from ¥350 million to ¥157 million. However, the business has not yet reached profitability. - FY2017-Q3AdvancedAnnual report
「Revenue for the first three quarters of the current consolidated cumulative period was ¥714 million, up ¥173 million, or 32.1%, from the same period of the previous year. The segment loss (operating loss) was ¥113 million, an improvement of ¥172 million from the previous year (the segment loss in the first three quarters of the previous consolidated cumulative period was ¥285 million). Revenue from frit (glass powder) and silver mirrors (Hi-Silver®) increased.」
Revenue in the Other segment, including frit, increased 32.1% year on year, and the operating loss narrowed from ¥285 million to ¥113 million. The segment has not yet reached profitability. - FY2017-Q2AdvancedAnnual report
「③ Other Revenue for the first two quarters of the current consolidated cumulative period was ¥447 million, up ¥79 million, or 21.7%, from the same period of the previous year. The segment loss (operating loss) was ¥106 million, an improvement of ¥85 million from the previous year (the segment loss in the first two quarters of the previous consolidated cumulative period was ¥191 million). Revenue from frit (glass powder) and silver mirrors (Hi-Silver®) increased.」
Revenue in the Other segment, including frit, increased, and the operating loss narrowed from ¥191 million to ¥106 million. However, the segment has not yet reached profitability. - FY2017-Q1AdvancedAnnual report
「③ Other Revenue for the first quarter of the current consolidated cumulative period was ¥212 million, up ¥31 million, or 17.5%, from the same period of the previous year. The segment loss (operating loss) was ¥39 million, an improvement of ¥64 million from the previous year (the segment loss in the first quarter of the previous consolidated cumulative period was ¥103 million). Revenue from frit (glass powder) increased.」
The disclosure states that frit revenue increased and that the loss in the Other segment narrowed. It does not indicate that the segment became profitable; it still reported an operating loss of ¥39 million. - FY2016First statedAnnual report
「By addressing diverse customer needs, we will move into full-scale manufacturing and sales and seek to achieve profitability at an early stage.」
The objective is to achieve profitability by addressing customer needs and moving into full-scale manufacturing and sales.