Deteriorating Profitability Due to Crude Oil and Asphalt Prices, Supply and Demand, and Foreign Exchange Movements

「In response to soaring raw material and fuel prices, we worked to secure earnings by appropriately passing higher costs through to prices through discussions with customers, while coordinating between the construction and product divisions.」

「We worked to expand earnings by promoting the pass-through of higher manufacturing costs into selling prices and actively strengthening sales of products with a low environmental impact.」

「In the paving materials manufacturing and sales business, as raw material prices remained at high levels, product sales were ¥15,791 million, up 4.0% year on year, and operating profit was ¥1,395 million, up 389.1%, due mainly to progress in passing higher costs on to selling prices.」

「In the paving materials manufacturing and sales business, product sales were ¥15,178 million, up 6.8% year on year, but operating profit was ¥285 million, down 61.1%, due mainly to the impact of higher manufacturing costs.」

「Although the pass-through was still insufficient, the gradual transfer of higher manufacturing and transportation costs into selling prices resulted in operating profit of ¥1,841 million, up 208.9%.」

「In the paving materials manufacturing and sales business, revenue was ¥23,371 million, down 0.9% year on year, but operating profit was ¥1,345 million, up 462.8%, due mainly to progress in revising selling prices to reflect higher manufacturing costs.」

「In the road construction industry, construction investment remained generally solid. However, the business environment remained uncertain, as raw material and fuel prices continued to remain at high levels.」

「In the road construction industry, trends in construction tenders remained solid, supported by the government’s promotion of disaster prevention and mitigation and national resilience measures. However, the uncertain business environment continued, as raw material and fuel prices remained at high levels.」

「In the paving materials manufacturing and sales business, revenue was ¥23,587 million, up 14.4% year on year, but operating profit was ¥239 million, down 81.5%, because the company was unable to keep pace with passing higher raw material costs on to selling prices.」

「On the earnings front, the impact of soaring raw material prices was significant, resulting in ordinary profit of ¥246 million, down 85.8% year on year, and net income attributable to owners of the parent of ¥90 million, down 92.4% year on year.」

「In the paving materials manufacturing and sales business, revenue was ¥6,568 million, up 10.3% year on year, but the company recorded an operating loss of ¥177 million, compared with operating profit of ¥187 million in the previous fiscal year, because it was unable to fully pass higher raw material costs on to selling prices.」

「For the current consolidated fiscal year, product sales were ¥28,159 million, down 2.0% from the previous consolidated fiscal year, while operating profit was ¥1,623 million, down 48.7%, owing in part to higher manufacturing costs resulting from soaring crude oil prices.」

「For the cumulative third quarter of the current consolidated fiscal year, orders received, including product sales and sales from the real estate and other businesses, totaled ¥59,186 million, down 10.6% year on year, while net sales totaled ¥61,342 million, up 3.5%. In terms of profitability, ordinary profit fell 37.1% to ¥2,853 million and quarterly net profit attributable to owners of the parent fell 41.2% to ¥2,039 million, mainly because of the impact of higher crude oil prices and other factors.」

「For the cumulative second quarter of the current consolidated fiscal year, orders received, including product sales and sales from the real estate and other businesses, totaled ¥40,059 million, down 4.4% year on year, while net sales totaled ¥38,663 million, up 10.6%. In terms of profitability, ordinary profit fell 22.1% year on year to ¥1,737 million and quarterly net profit attributable to owners of the parent fell 40.6% to ¥1,191 million, mainly because raw material prices and fuel costs rose substantially from the prior year.」

「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects and national resilience measures. However, the business environment remained uncertain, as the purchase price of asphalt, a key material, remained at a high level.」

「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects and projects to address aging infrastructure. However, the business environment remained uncertain as the effects of the novel coronavirus disease spread throughout society.」

「For the current consolidated fiscal year, product sales were ¥28,570 million, up 10.4% from the previous consolidated fiscal year, but operating profit was ¥2,586 million, down 12.0%, owing to persistently high manufacturing and transportation costs, as well as increased depreciation expenses associated with proactive capital investment.」

「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects and projects to address aging infrastructure. However, the business environment remained uncertain as tensions continued in the Middle East and crude oil prices showed volatile movements.」

「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects and projects to address aging infrastructure. However, the business environment remained uncertain, with many concerns, including fluctuations in raw material prices such as asphalt.」

「In the road construction industry, construction demand remained solid, supported by disaster prevention and mitigation projects, national resilience measures and large-scale redevelopment projects in the Tokyo metropolitan area. However, the business environment remained uncertain, with many concerns, including fluctuations in raw material prices such as asphalt.」

「In the paving materials manufacturing and sales business, sales for the current consolidated fiscal year were ¥25,880 million, up 3.6% from the previous consolidated fiscal year, as the company focused on expanding sales volumes despite continued stagnant demand for products. Operating profit was ¥2,937 million, down 13.8%, owing in part to higher procurement prices for asphalt, the main material.」

「Compared with the previous year, when the company received orders for large-scale construction projects, both orders and sales declined, and ordinary profit also fell below the previous year's level, owing in part to higher asphalt procurement prices.」

「In the road construction industry, public investment and private-sector construction investment both remained firm, but the business environment remained challenging, as raw material prices, including asphalt, accelerated their rise further. In the paving materials manufacturing and sales business, product sales were ¥11,236 million, up 7.0% year on year, but operating profit was ¥1,043 million, down 19.6% year on year, owing in part to the impact of higher manufacturing costs.」

「In the road construction industry, public investment and private-sector capital investment both remained firm, but the business environment remained challenging, as raw material prices, including asphalt, accelerated their rise.」

「In the road construction industry, public investment and private-sector construction investment both remained firm, but the business environment remained challenging, as raw material prices, including asphalt, accelerated their rise. In the paving materials manufacturing and sales business, sales were ¥24,987 million, down 2.9% from the previous consolidated fiscal year, as demand for products remained stagnant and the acceptance of waste materials from disaster-affected areas, which had boosted sales through the previous year, levelled off. Operating profit was ¥3,407 million, down 22.3%, owing in part to the impact of higher asphalt procurement prices.」

「In the road construction industry, public investment and private-sector construction investment both remained firm, but the business environment remained challenging, with many concerns, including rising raw material prices, particularly asphalt.」

「In the road construction industry, public investment and private-sector construction investment both remained firm, but the business environment remained challenging, with raw material prices, including asphalt, showing an upward trend.」

「The main raw material used by our group to manufacture paving materials is straight-run asphalt, and procurement prices for raw materials are significantly affected by trends in the crude oil market. If increases in procurement prices cannot be passed on to product prices, they may adversely affect our group's business results.」

「The business environment remained challenging, owing to sluggish demand for asphalt mixtures used in paving materials and the upward trend in raw material prices caused by fluctuations in crude oil prices, among other factors.」

「In the road construction industry, public works tenders remained firm as execution of the supplementary budget for fiscal 2015 gained momentum and the fiscal 2016 budget was implemented ahead of schedule. However, the business environment remained uncertain, as the purchase price of asphalt, a key material, showed an upward trend.」

「In the road construction industry, private-sector capital investment remained firm, but the business environment remained challenging, owing to the lack of growth in public-works spending and the upward trend in procurement prices for asphalt, a key material, among other factors.」

「The main raw material used by our group to manufacture paving materials is straight-run asphalt, and procurement prices for raw materials are significantly affected by trends in the crude oil market. If increases in procurement prices cannot be passed on to product prices, they may adversely affect our group's business results.」