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Meiwa (8103) · FactAdvancedLatest Results briefing materials (2026-07-31): "Worsened"

Improved Performance in the Functional Materials Business, Including Battery-Related Materials and Rare Earths

First written in FY2016. 16 of 35 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-31.

35entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2018-Q2 – FY2019WorsenedFY2020-Q1 – FY2021-Q1RestatedFY2024-Q1 – FY20252016: 320162017: 420172018: 320182019: 420192020: 220202021: 320212022: 420222023: 420232024: 220242025: 220252026: 42026
Same theme, other companies
Product-specific demand divergence and earnings volatility in the functional materials businessA theme 12 companies write about · 4 as a headwind · 8 as a tailwind

Meiwa moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).

The whole theme swung hardest in 2023: 6 of 12 companies on the "Worse" side.

1 other company's 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
  2. FY2026-H1AdvancedAnnual report

    「Revenue was ¥21.818 billion, an increase of ¥1.066 billion, or 5.1%, from the same period of the previous year. Segment profit was ¥1.407 billion, an increase of ¥463 million, or 49.1%.」

    First Business revenue increased 5.1% year on year and segment profit increased 49.1%, with higher revenue and profit continuing. The flame-retardants business performed well.
  3. FY2025RestatedAnnual report

    「Revenue was ¥42.34 billion, a decrease of ¥381 million, or 0.9%, from the same period of the previous year. Segment profit was ¥2.37 billion, an increase of ¥851 million, or 56.1%.」

    The trend of higher profit despite lower revenue seen in the previous interim period was also confirmed for the full year in First Business. Flame retardants and waterproofing materials were described as performing well.
  4. FY2025-H1First Business increased profit despite lower revenueAnnual report

    「Revenue was ¥20.752 billion, a decrease of ¥116 million, or 0.6%, from the same period of the previous year. Segment profit was ¥944 million, an increase of ¥195 million, or 26.2%.」

    First Business had continued to post higher revenue and profit through the previous fiscal year, but during the current interim consolidated accounting period, revenue declined 0.6% while segment profit increased 26.2%.
  5. FY2024-Q3The increases in First Business revenue and profit narrowedAnnual report

    「Revenue was ¥32.269 billion, an increase of ¥1.587 billion, or 5.2%, from the same period of the previous year. Segment profit was ¥1.211 billion, an increase of ¥4 million, or 0.4%.」

    First Business continued to post higher revenue and profit, but the increases narrowed from revenue growth of 6.1% and segment profit growth of 8.4% in the previous quarter to 5.2% and 0.4%, respectively, this quarter.
  6. FY2024-Q2RestatedAnnual report

    「Revenue was ¥20.868 billion, an increase of ¥1.2 billion, or 6.1%, from the same period of the previous year. Segment profit was ¥748 million, an increase of ¥57 million, or 8.4%.」

    First Business posted higher revenue and profit for the second consecutive quarter. Revenue increased 6.1% year on year and segment profit increased 8.4%, although flame retardants were described as weak following the rebound from increased demand in the previous fiscal year.
  7. FY2024-Q1RestatedAnnual report

    「Revenue was ¥10.667 billion, an increase of ¥1.21 billion, or 12.8%, from the same period of the previous year. Segment profit was ¥405 million, an increase of ¥65 million, or 19.4%.」

    First Business continued to post higher revenue and profit. Resources, environmental, and metals-related business performed well, while flame retardants were weak following the rebound from increased demand in the previous fiscal year. Functional building materials showed a mix of strong performance and performance broadly in line with the same period of the previous year by product category.
  8. FY2023AdvancedAnnual report

    「Revenue was ¥41.357 billion, an increase of ¥5.282 billion, or 14.6%, from the same period of the previous year. Segment profit was ¥1.583 billion, an increase of ¥637 million, or 67.3%.」

    First Business performed broadly well in resources and environmental, flame retardants, and functional building materials, with full-year revenue up 14.6% and segment profit up 67.3%.
  9. FY2023-Q3RestatedAnnual report

    「Revenue was ¥30.682 billion, an increase of ¥3.952 billion, or 14.8%, from the same period of the previous year. Segment profit was ¥1.207 billion, an increase of ¥536 million, or 80.1%.」

    First Business has continued to post higher revenue and profit, against a backdrop of strong performance in resources and environmental, metals, flame retardants, and functional building materials.
  10. FY2023-Q2AdvancedAnnual report

    「Revenue was ¥19.667 billion, an increase of ¥2.92 billion, or 17.4%, from the same period of the previous year. Segment profit was ¥690 million, an increase of ¥338 million, or 95.9%. This was mainly the result of the following trends in each business: • Resources and environmental business: Resources-related, environmental-related, and metals-related business all performed well. • Flame retardants: Demand expanded and performance was strong. • Functional building materials: Demand for insulation and waterproofing materials recovered and performance was strong, while interior materials were broadly in line with the same period of the previous year.」

    Against a backdrop of strong performance in resources and environmental, metals, flame retardants, and functional building materials, First Business revenue increased 17.4% year on year and segment profit increased 95.9%.
  11. FY2023-Q1AdvancedAnnual report

    「Revenue was ¥9.457 billion, an increase of ¥1.169 billion, or 14.1%, from the same period of the previous year. Segment profit was ¥339 million, an increase of ¥164 million, or 94.3%.」

    First Business revenue increased 14.1% year on year and segment profit increased 94.3%, as resources and environmental, flame retardants, and functional building materials performed well.
  12. FY2022AdvancedAnnual report

    「Revenue was ¥24.78 billion, an increase of ¥4.518 billion, or 22.3%, from the same period of the previous year. Segment profit was ¥835 million, an increase of ¥600 million, or 256.6%. This was mainly the result of the following trends in each business: • Resources and environmental business: Demand recovered in both resources-related and environmental-related business, which performed well. • Resins and flame retardants: Demand recovered in both resins-related and flame-retardants-related business, which performed well.」

    In First Business, revenue increased 22.3% and segment profit increased 256.6% as demand recovered in resources and environmental, and resins and flame retardants. Recovery in the performance of the business group, including functional materials, was also confirmed for the full year.
  13. FY2022-Q3RestatedAnnual report

    「Revenue was ¥18.245 billion, an increase of ¥3.475 billion, or 23.5%, from the same period of the previous year. Segment profit was ¥589 million, an increase of ¥452 million, or 330.6%.」

    First Business has continued to post higher revenue and profit, against a backdrop of recovering demand in resources and environmental, and resins and flame retardants.
  14. FY2022-Q2AdvancedAnnual report

    「Revenue was ¥11.549 billion, an increase of ¥2.255 billion, or 24.3%, from the same period of the previous year. Segment profit was ¥339 million, an increase of ¥294 million, or 651.2%. This was mainly the result of the following trends in each business: • Resources and environmental business: Demand recovered in both resources-related and environmental-related business, which performed well. • Resins and flame retardants: Demand recovered in both resins-related and flame-retardants-related business, which performed well.」

    First Business posted higher revenue, while segment profit increased 651.2% year on year. Demand recovered in resources and environmental, and resins and flame retardants, with both businesses performing well.
  15. FY2022-Q1AdvancedAnnual report

    「Revenue was ¥5.827 billion, an increase of ¥895 million, or 18.2%, from the same period of the previous year. Segment profit was ¥181 million, an increase of ¥160 million, or 779.7%. This was mainly the result of the following trends in each business: • Resources and environmental business: Demand recovered in both resources-related and environmental-related business, which performed well. • Resins and flame retardants: Demand recovered in both resins-related and flame-retardants-related business, which performed well.」

    First Business revenue increased 18.2% year on year and segment profit increased 779.7%. Demand recovered in resources and environmental, and resins and flame retardants, with both businesses performing well.
  16. FY2021-Q3Profit increased despite continued revenue declinesAnnual report

    「① First Business: Revenue was ¥15.44 billion, a decrease of ¥2.767 billion, or 15.2%, from the same period of the previous year. Segment profit was ¥137 million, an increase of ¥27 million, or 25.6%.」

    Although revenue in First Business continued to decline, the segment swung from a loss in the same period of the previous year to reporting a profit, which increased 25.6% year on year.
  17. FY2021-Q1WorsenedAnnual report

    「Revenue was ¥5.229 billion, a decrease of ¥881 million, or 14.4%, from the same period of the previous year. Segment profit was ¥20 million, a decrease of ¥6 million, or 25.3%. This was mainly the result of the following trends in each business: • Resources and environmental business: Both resources-related and environmental-related business performed poorly due to weak demand. • Resins and flame retardants: Both resins and flame retardants performed poorly, mainly due to weak demand related to automobiles. • Pharmaceutical-related development: Overall performance was poor.」

    First Business revenue declined 14.4% year on year and segment profit declined 25.3%, with resources and environmental, resins and flame retardants, and pharmaceutical-related development all performing poorly.
  18. FY2020-Q3WorsenedAnnual report

    「Revenue in First Business was ¥20.648 billion, a decrease of ¥10.002 billion, or 32.6%, from the same period of the previous year. The segment recorded a loss of ¥212 million, a decline of ¥906 million from the same period of the previous year, when it recorded profit of ¥693 million.」

    First Business revenue declined 32.6% year on year, and the segment swung from profit in the same period of the previous year to a loss of ¥212 million. The impact of a substantial decline in demand for battery materials and falling market conditions continued.
  19. FY2020-Q2WorsenedAnnual report

    「Revenue in First Business was ¥13.022 billion, a decrease of ¥6.174 billion, or 32.2%, from the same period of the previous year. The segment recorded a loss of ¥246 million, a decline of ¥628 million from the same period of the previous year, when it recorded profit of ¥381 million.」

    First Business posted a substantial revenue decline and swung from segment profit in the same period of the previous year to a loss of ¥246 million. The disclosure cites lower demand for battery materials and weak performance in resources-related business as factors.
  20. FY2020-Q1WorsenedAnnual report

    「Revenue in First Business was ¥6.766 billion, a decrease of ¥3.875 billion, or 36.4%, from the same period of the previous year. The segment recorded a loss of ¥9 million, a decline of ¥249 million from the same period of the previous year, when it recorded profit of ¥240 million. This was mainly the result of the following trends in each business: • Battery materials: Battery materials for automobiles and other applications performed poorly. • Resources and environmental business: Environmental-related business was broadly in line with the same period of the previous year, while resources-related business performed poorly. • Resins and flame retardants: Flame retardants performed well, while resins remained firm. • Pharmaceutical-related development: A new business was launched.」

    First Business posted a substantial revenue decline and swung from profit in the same period of the previous year to a segment loss. Battery materials and resources-related business performed poorly, while a new business was launched in pharmaceutical-related development.
  21. FY2019AdvancedAnnual report

    「Revenue in First Business was ¥38.701 billion, an increase of ¥4.552 billion, or 13.3%, from the same period of the previous year. Segment profit was ¥913 million, an increase of ¥216 million, or 31.1%. This was mainly the result of the following trends in each business: • Battery materials: Battery materials for automobiles and other applications performed well. • Resources and environmental business: Environmental-related business was broadly in line with the same period of the previous year, while resources-related business performed well.」

    Against a backdrop of strong performance in battery materials and resources-related business, full-year First Business revenue increased 13.3% year on year and segment profit increased 31.1%.
  22. FY2019-Q3AdvancedAnnual report

    「Revenue in First Business was ¥30.651 billion, an increase of ¥6.546 billion, or 27.2%, from the same period of the previous year. Segment profit was ¥693 million, an increase of ¥257 million, or 59.1%. This was mainly the result of the following trends in each business: • Battery materials: Battery materials for automobiles and other applications performed well. • Resources and environmental business: Environmental-related business was broadly in line with the same period of the previous year, while resources-related business performed well. • Resins and flame retardants: Flame retardants were broadly in line with the same period of the previous year, while resins performed poorly. • Pharmaceutical-related development: The business focused on developing new businesses.」

    First Business revenue increased 27.2% year on year and segment profit increased 59.1%, mainly on strong performance in battery materials and resources-related business.
  23. FY2019-Q2AdvancedAnnual report

    「Revenue in First Business was ¥19.16 billion, an increase of ¥3.461 billion, or 22.0%, from the same period of the previous year. Segment profit was ¥381 million, an increase of ¥118 million, or 45.1%. This was mainly the result of the following trends in each business: • Battery materials: Battery materials for automobiles and other applications performed well. • Resources and environmental business: Environmental-related business was broadly in line with the same period of the previous year, while resources-related business performed well. • Resins and flame retardants: Performance was broadly in line with the same period of the previous year. • Pharmaceutical-related development: The business focused on developing new businesses.」

    Driven by strong performance in battery materials and resources-related business, First Business revenue increased 22.0% year on year and segment profit increased 45.1%.
  24. FY2019-Q1AdvancedAnnual report

    「Revenue in First Business was ¥10.642 billion, an increase of ¥2.998 billion, or 39.2%, from the same period of the previous year. Segment profit was ¥240 million, an increase of ¥118 million, or 97.6%. This was mainly the result of the following trends in each business: • Battery materials: Battery materials for automobiles and other applications performed well. • Resources and environmental business: Environmental-related business was broadly in line with the same period of the previous year, while resources-related business performed well.」

    Strong performance in battery materials and resources-related business drove a 39.2% year-on-year increase in First Business revenue and a 97.6% increase in segment profit.
  25. FY2018-Q3AdvancedAnnual report

    「Battery-related materials, including battery materials for automobiles, performed well. Flame retardants also remained firm as market conditions for major products recovered. Rare earths remained firm, but trading in rare metals overall remained sluggish due to lower volumes handled. As a result, net sales were ¥13,069 million, up 14.8% year on year. Segment profit was ¥342 million, up 60.8% year on year.」

    The functional materials business reported higher net sales due to firm performance in battery-related materials, flame retardants and rare earths, while segment profit increased 60.8% year on year.
  26. FY2018-Q2AdvancedAnnual report

    「Battery-related materials, including battery materials for automobiles, remained firm. Flame retardants also performed well as market conditions for major products recovered. Rare earths remained sluggish due to weak market prices and lower volumes handled. As a result, net sales were ¥8,323 million, up 6.4% year on year. Segment profit was ¥197 million, up 50.9% year on year.」

    The functional materials business reported higher net sales, supported by firm performance in battery-related materials and flame retardants despite sluggish performance in rare earths, while segment profit increased 50.9% year on year.
  27. FY2018-Q1RestatedAnnual report

    「Battery-related materials, including battery materials for automobiles, were below the same period of the previous year but remained generally firm. Flame retardants also remained firm as market conditions for major products recovered. Rare earths remained sluggish due to weak market prices and lower volumes handled. As a result, net sales were ¥3,789 million, down 11.0% year on year. Segment profit was ¥88 million, up 3.4% year on year, due to improved margins resulting from the recovery in market conditions and other factors.」

    The functional materials business reported lower net sales, while segment profit increased 3.4% year on year due to improved margins resulting from the recovery in market conditions and other factors, continuing the previous trend of profit improvement.
  28. FY2017AdvancedAnnual report

    「As a result, net sales were ¥13,272 million, down 19.8% year on year. Segment profit was ¥316 million, up 23.9% year on year, due to improved margins resulting from the recovery in market conditions and other factors.」

    The functional materials business reported lower net sales, while segment profit increased 23.9% due to improved margins resulting from the recovery in market conditions and other factors.
  29. FY2017-Q3WorsenedAnnual report

    「The functional materials business remained sluggish due to a decline in import transactions and weak market conditions. As a result, net sales were ¥10,124 million, down 19.9% year on year. Segment profit was ¥205 million, down 7.5% year on year.」

    The functional materials business saw both net sales and segment profit decline year on year, reversing the profit improvement seen through the previous quarter.
  30. FY2017-Q2AdvancedAnnual report

    「As a result, net sales were ¥7,074 million, down 18.9% year on year. Segment profit was ¥136 million, up 3.7% year on year, mainly due to a decrease in selling, general and administrative expenses.」

    The functional materials business reported lower net sales, while segment profit increased 3.7% year on year, and profitability continued to improve.
  31. FY2017-Q1AdvancedAnnual report

    「As a result, net sales were ¥3,865 million, down 13.8% year on year. Segment profit was ¥89 million, up 91.7% year on year.」

    The functional materials business reported lower net sales, while segment profit increased 91.7% year on year, indicating improvement in profitability.
  32. FY2016First statedAnnual report

    「As a result, net sales were ¥16,545 million, up 25.2% year on year. Segment profit was ¥255 million, compared with a ¥20 million loss in the previous fiscal year.」

    The company disclosed an increase in net sales and a return to segment profit from a loss in the previous year in the functional materials business.
Moved together

"Operating profit, ordinary profit and quarterly net income attributable to owners of the parent increase despite lower sales" moved the same way as this thread, in the same document, in 8 of its 35 moves.

855554★123456
  1. ★This thread
  2. 1Operating profit, ordinary profit and quarterly net income attributable to owners of the parent increase despite lower sales8×
  3. 2Expanding lubricant sales by leveraging a nationwide network of locations across China5×
  4. 3Automotive business to become a separate reporting segment, with revenue up and profit down5×
  5. 4Deterioration in investees’ performance causing equity-method investment losses and lower dividends received5×
  6. 5China’s Economic Slowdown and Uncertainty over the Global Economy5×
  7. 6Stable, recurring profit distributions and higher dividends per share4×

★ 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
No upcoming earnings preview for Meiwa yet. It last moved in the Results briefing materials of 2026-07-31: "Worsened".
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Improved Performance in the Functional Materials Business, Including Battery-Related Materials and Rare Earths | Meiwa Corporation (8103) | Komori