The coastal Akita Zinc smelter, and switching feedstock from own mines to imported concentrate (1971)
The bottleneck named at the peak
What Arai Tomozo spent his time on in a 1965 lecture was not Uchinotai and Matsumine, the finest orebodies in Japan, but the fact that there were not enough furnaces to treat the copper and zinc coming out of them. A president who said the company “simply cannot digest” 36,000 tonnes of zinc a year was, six years later, building a new smelter on the coast. The starting point of that investment appears to lie exactly there — in flagging the downstream bottleneck as the critical issue at the moment when the ability to dig was at its peak.
That said, it cannot be read as evidence that an exit from mining was already envisaged in 1971. In the same year, at the Motoyama pit, ingenuity was still squeezing 70 tonnes of copper a month out of abandoned workings grading 0.3%; the effort to keep digging and the construction of plant to treat bought ore ran side by side. What survived was the latter. Equipment built on the decision not to limit feedstock to the company’s own mountains ended up as what supported the company after all domestic mining had ceased.
Revenue and net margin, FY1966–FY1976
Revenue in ¥ bn (bars) and net margin in % (line), for the years around the decision. Shaded columns are FY1971 onwards — after it was taken.
Source: securities reports
Read the full dossier in Japanese →
The Japanese edition carries the complete record of this decision — the situation that forced it, the options weighed, what actually followed, and the sources behind every claim.
Other key decisions at Dowa Holdings
- 1884 Founding DOWA — the transfer of the state-run Kosaka mine, and rebirth through black-ore smelting (1884)
- 1999 Structural reform from the 1999 emergency measures, and shrinking assets and headcount against ROA (1999)
- 2006 Moving to a holding company split into five operating firms, and switching feedstock from ore to recycled material (2006)
Yen amounts are converted at the average rate of each figure’s own year — not today’s rate; the revenue chart is shown in yen. Exchange rates & sources — the full ¥/US$ table →
Disclaimer
- This page is provided for general information only and is not investment advice, nor a recommendation to buy or sell any security.
- Figures are compiled independently and include our own estimates, approximations and machine-processed data; we make no warranty as to their accuracy or completeness.
- Sources are primarily each company’s securities reports and other public filings, but errors and omissions may remain.
- Any use of this information is at the reader’s own risk. Past performance does not indicate future results.
- Company names, logos and other marks belong to their respective owners.
Data API
Dowa Holdings’s history, financials, executives and
shareholders are published as static JSON — no key, plain GET.
Full specification →
| Method | Endpoint | Returns |
|---|---|---|
| GET | /api/companies.json | All companies |
| GET | /api/5714/manifest.json | Resource index |
| GET | /api/5714/history.json | History overview |
| GET | /api/5714/timeline.json | Chronology |
| GET | /api/decisions.json | All management decisions (index) |
| GET | /api/5714/decisions.json | Management decisions (index) |
| GET | /api/5714/decisions/{slug}.json | One decision (full dossier) |
| GET | /api/5714/executives.json | Executives |
| GET | /api/5714/shareholders.json | Major shareholders |
| GET | /api/5714/financials.json | Financial statements |
| GET | /api/5714/financials-longterm.json | Long-term results |
| GET | /api/5714/segments.json | Business segments |
| GET | /api/5714/regions.json | Sales by region |
| GET | /api/5714/workforce.json | Workforce |