Fluctuations in Imported Raw Sugar Prices and Exchange Rates
First written in FY2016. 10 of 18 entries say "Restated". Latest entry: 2026-05-13.
Nitten moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 33 of 59 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- 2026-05-13MitigatedEarnings
「Revenue in the Feed Business declined 0.9% year on year to ¥12,744 million. Earnings improved mainly due to lower prices for imported corn and other raw materials, resulting in operating profit of ¥1,363 million, up 11.7% year on year.」
Lower prices for imported raw materials eased the earnings pressure from material costs in the Feed Business. - FY2025MitigatedAnnual report
「Profitability improved as raw material prices, including corn, declined and the company worked to reduce costs.」
The decline in imported grain and other raw material prices, together with cost reductions, eased the pressure on feed business profits from raw material price fluctuations during the fiscal year. - FY2023WorsenedAnnual report
「The recent surge in energy prices and imported raw sugar and grain prices has had a significant impact on the Company's businesses. If rapid changes in the external environment cannot be passed through to selling prices, they may materially affect the operating results of the Group.」
It explicitly identifies surging imported raw sugar, imported grain and energy prices as significant factors, and quantifies the impact on performance if these costs cannot be passed through to prices. - FY2023-Q3WorsenedAnnual report
「Feed segment sales increased 16.1% year on year to ¥9,235 million due to higher selling prices, but segment profit fell 85.2% year on year to ¥113 million due to higher raw material prices and energy costs.」
Higher raw material prices and energy costs affected feed business profit, which fell 85.2% year on year to ¥113 million. - FY2023-Q2WorsenedAnnual report
「Feed segment sales increased 11.9% year on year to ¥5,020 million, but the segment recorded a loss of ¥230 million, compared with segment profit of ¥171 million in the same period of the previous year, due to the impact of higher raw material prices.」
Higher imported raw material prices and other factors actually affected the feed business, which turned from profit of ¥171 million in the same period of the previous year to a loss of ¥230 million. The deterioration in the raw material procurement environment due to yen depreciation and higher energy costs is also indicated. - FY2023-Q1WorsenedAnnual report
「Feed segment sales increased 9.0% year on year to ¥2,415 million as compound feed selling prices rose in response to grain market conditions. However, the segment recorded a loss of ¥130 million, compared with segment profit of ¥121 million in the same period of the previous year, due to the significant impact of surging raw material prices.」
The sharp rise in raw material prices actually affected feed business profit, which turned from profit of ¥121 million in the same period of the previous year to a loss of ¥130 million. - FY2022WorsenedAnnual report
「Imported raw sugar, the raw material for refined sugar, and imported grains, the raw materials for compound feed, are subject to overseas commodity prices and foreign exchange rates, which may cause substantial fluctuations in procurement costs. Selling prices for these products generally move in line with changes in imported raw material procurement costs, but if sharp market fluctuations cannot be reflected in selling prices in a timely manner, they may affect the Group's performance.」
In addition to the existing risks relating to imported raw sugar and foreign exchange fluctuations, the Company identifies imported grains and clarifies that sharp changes in imported raw material prices affect both the sugar and feed businesses. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to its existing business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to the previous fiscal year's business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to its existing business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to its existing business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to the previous fiscal year's business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to the previous fiscal year's business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2017RestatedAnnual report
「Imported raw sugar, the raw material for refined sugar, is subject to overseas sugar market prices and foreign exchange rates, which may cause substantial fluctuations in procurement costs. Selling prices for refined sugar generally move in line with changes in imported raw sugar procurement costs, but if sharp fluctuations in overseas sugar prices or foreign exchange rates cannot be reflected in selling prices in a timely manner, they may adversely affect the Group's performance.」
The Company continues to disclose the risk that fluctuations in imported raw sugar prices and foreign exchange rates, and delays in passing these increases through to selling prices, may affect performance. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to the previous fiscal year's business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to the previous fiscal year's business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, there were no material changes in matters described in this quarterly report concerning the business and financial conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes to the previous fiscal year's business and other risks, including fluctuations in imported raw sugar prices and foreign exchange rates. - FY2016First statedAnnual report
「Imported raw sugar, the raw material for refined sugar, is subject to overseas sugar market prices and foreign exchange rates, which may cause substantial fluctuations in procurement costs.」
This also indicates the possibility of deteriorating performance if fluctuations in procurement costs cannot be reflected in selling prices in a timely manner.