Komori
Iwatani (8088) · RiskMaterialisedLatest Earnings (2026-08-06): "Worsened"

Impact of Declining Resource Prices on the Materials Business

First written in FY2017-Q2. 11 of 26 entries say "Materialised", first in FY2017-Q3. Latest entry: 2026-08-06.

26entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseMitigatedFY2018-Q1 – FY2019-Q2RestatedFY2023-Q3MaterialisedFY2025-H1 – 2026-08-062016: 12017: 420172018: 420182019: 320192020: 420202021: 120212022: 320222023: 120232024: 120242025: 220252026: 22026
Same theme, other companies
Deteriorating Performance and Swings into the Red Due to Weaker Resource Market ConditionsA theme 3 companies write about · 3 as a headwind · 0 as a tailwind

Iwatani moved to the "Worse" side of this theme in 2019.

0 other companies' latest entry also says "Worsened".

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. 2026-08-06WorsenedEarnings

    「一方で、ミネラルサンド事業は、豪州での新鉱区が安定操業に至らず収益性が低下し」

    豪州ミネラルサンド事業について、新鉱区が安定操業に至らず収益性が低下したと記載した。
  2. FY2026MaterialisedAnnual report

    「Meanwhile, profitability at the mineral sands business's own mining operations in Australia declined, while sales of functional films, mainly for smartphones, remained weak.」

    The decline in profitability at the company's own Australian mining operations was also reported for the full fiscal year, confirming its impact on the resources business in the results.
  3. FY2026-H1WorsenedAnnual report

    「Meanwhile, profitability at the mineral sands business's own mining operations in Australia deteriorated, while sales of functional films, mainly for smartphones, remained weak.」

    States that profitability at the company's own Australian mining operations deteriorated further after declining in the previous fiscal year.
  4. FY2025MaterialisedAnnual report

    「Meanwhile, stainless steel selling prices declined and sales of secondary battery materials for next-generation vehicles remained weak. For mineral sands, profitability at the company's own mining operations in Australia declined.」

    The impact of resource and materials prices and demand actually emerged as lower stainless steel prices, weak sales of secondary battery materials, and lower profitability at the company's own Australian mining operations.
  5. FY2025-H1MaterialisedAnnual report

    「Stainless steel and secondary battery materials for next-generation vehicles performed weakly due to falling market prices and inventory adjustments by customers, among other factors.」

    Falling market prices and customer inventory adjustments actually emerged as weak performance in stainless steel and secondary battery materials.
  6. FY2023-Q3RestatedAnnual report

    「In the Materials business, mineral sand revenue increased as the company continued working to ensure a stable supply while prices remained elevated due to supply chain disruptions.」

    Reconfirms that mineral sand revenue increased as a result of a stable supply amid continuing supply chain disruptions and high prices.
  7. FY2023-Q1MitigatedAnnual report

    「In the Materials business, mineral sand revenue and profit increased significantly as the company secured a stable supply amid soaring prices caused by global supply chain disruptions.」

    States that revenue and profit increased after the company secured a stable supply of mineral sands amid supply chain disruptions and soaring prices.
  8. FY2022MitigatedAnnual report

    「For mineral sands, earnings increased as the company secured a stable supply amid rising prices caused by supply constraints following global supply chain disruptions, while production efficiency improved at its own mining operations in Australia.」

    Earnings increased after the company secured a stable supply despite the impact of resource prices and supply constraints, aided by improved production efficiency at its own Australian mining operations.
  9. FY2022-Q3MitigatedAnnual report

    「Sales of mineral sands increased due to improved market conditions.」

    Regarding the theme of past resource price weakness affecting the Materials business, states that mineral sand sales increased as market conditions improved.
  10. FY2021-Q3MaterialisedAnnual report

    「Revenue from secondary battery materials declined due to weaker market conditions, although sales volume increased.」

    States that the decline in market conditions for secondary battery materials actually emerged as lower revenue, while sales volume increased.
  11. FY2021-Q2RestatedAnnual report

    「Revenue from secondary battery materials declined due to weaker market conditions, although sales volume increased.」

    States that revenue from secondary battery materials continued to decline due to weaker market conditions, while sales volume increased.
  12. FY2021-Q1MaterialisedAnnual report

    「In the Materials business, sales of mineral sands and metal-processed products in Japan declined. Although revenue from secondary battery materials decreased due to weaker market conditions, sales volume increased both in Japan and overseas.」

    Lower domestic sales of mineral sands and metal-processed products, together with lower revenue from secondary battery materials due to weaker market conditions, appeared in the current quarter's performance.
  13. FY2020MaterialisedAnnual report

    「For mineral sands, titanium sales increased in Japan, but zircon sales declined, resulting in lower earnings.」

    States that mineral sand earnings declined due to lower zircon sales in the resources-related business.
  14. FY2020-Q3MaterialisedAnnual report

    「Low-environmental-impact PET resins and metal-processed products for air conditioners performed steadily, but market conditions for secondary battery materials declined and sales of functional films decreased.」

    The decline in market conditions for secondary battery materials has continued to emerge as a factor behind lower profit in the Materials business.
  15. FY2020-Q2MaterialisedAnnual report

    「In addition to the decline in market conditions for secondary battery materials」

    The decline in market conditions for secondary battery materials actually emerged as a factor behind lower profit in the Materials business in FY2020-Q2.
  16. FY2020-Q1MaterialisedAnnual report

    「In the Materials business, market conditions for secondary battery materials declined, while titanium sales increased.」

    The decline in market conditions for secondary battery materials is explicitly cited as a performance factor for the Materials business in the current quarter.
  17. FY2019-Q3RestatedAnnual report

    「In the Materials business, earnings increased as sales of zircon and other products grew and resource prices also improved.」

    Reconfirms earnings growth in the Materials business driven by higher resource prices and increased sales of zircon and other products.
  18. FY2019-Q2MitigatedAnnual report

    「In the Materials business, earnings increased as sales of titanium, zircon and other products grew and resource prices also improved.」

    States that earnings increased as resource prices improved and sales increased, following weak market conditions through the previous fiscal year.
  19. FY2019-Q1MitigatedAnnual report

    「In the Materials business, earnings increased as market conditions for resources including titanium and zircon improved and sales increased.」

    States that earnings in the Materials business increased as resource prices improved and sales increased, following weak market conditions through the previous fiscal year.
  20. FY2018MitigatedAnnual report

    「In the Materials business, market conditions for resources overall, including titanium and zircon, improved, while sales of functional films for smartphones increased significantly in South Korea, resulting in higher earnings.」

    Resource prices, which had been weak through the previous fiscal year, improved and contributed to earnings growth in the Materials business.
  21. FY2018-Q3MitigatedAnnual report

    「In the Materials business, market conditions for resources overall, including titanium and zircon, improved, while sales of functional films for smartphones increased significantly in South Korea, resulting in higher earnings.」

    States that market conditions for resources including titanium and zircon, which had been weak through the previous fiscal year, improved and contributed to earnings growth.
  22. FY2018-Q2MitigatedAnnual report

    「In addition to the recovery in market conditions for resources overall, including titanium and zircon, sales of functional films for smartphones increased significantly in South Korea.」

    States that the recovery in resource prices, which had been weak through the previous fiscal year, contributed to earnings growth in the Materials business.
  23. FY2018-Q1MitigatedAnnual report

    「In addition, profitability recovered as market conditions for resources overall, including titanium and zircon, improved.」

    States that market conditions for resources, which had been cited as affecting performance through the previous fiscal year, improved and resulted in a recovery in profitability.
  24. FY2017MaterialisedAnnual report

    「Market conditions for resources overall, including titanium and zircon, remained weak.」

    Weak market conditions for resources also appeared as a performance factor for the Materials business in the fiscal year.
  25. FY2017-Q3MaterialisedAnnual report

    「In addition to market conditions for resources overall, including zircon, remaining weak following the previous fiscal year, sales of functional films for smartphones declined in China.」

    Weak market conditions for resources overall continued from the previous fiscal year and affected the performance of the Materials business.
  26. FY2017-Q2First statedAnnual report

    「In addition to weaker market conditions for resources overall, including zircon and stainless steel, sales of functional films for smartphones declined in China.」

    For the first time, weaker market conditions for resources overall are cited as a factor behind lower revenue and lower profit in the Materials business.
Moved together

"Decline in Sales of Functional Films for Smartphones in China" moved the same way as this thread, in the same document, in 9 of its 26 moves.

987776★123456
  1. ★This thread
  2. 1Decline in Sales of Functional Films for Smartphones in China9×
  3. 2Building a Liquefied Hydrogen Supply Chain8×
  4. 3Realizing a Hydrogen Energy Society7×
  5. 4Fluctuations in LP Gas Import Prices7×
  6. 5Decline in the selling price due to easing helium supply and demand, and the burden of related investments7×
  7. 6Machinery and equipment sales leveraging synergies with the industrial gas business6×

★ 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
Iwatani's next results are scheduled for 2026-11-10. Read the earnings preview It last moved in the Earnings of 2026-08-06: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.