Komori
Iwatsuka Confectionery (2221) · RiskWorsened

Rising prices for raw materials such as rice and logistics costs

First written in FY2016. 14 of 34 entries say "Materialised", first in FY2018-Q3. Latest entry: 2026-08-10.

34entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2017-Q2MaterialisedFY2018-Q3 – FY2021-Q1MaterialisedFY2021 – FY2023-Q2WorsenedFY2024-Q3 – FY2026-H12016: 320162017: 020172018: 420182019: 420192020: 320202021: 420212022: 320222023: 420232024: 220242025: 220252026: 52026
Same theme, other companies
Profit pressure from higher material, packing and freight, and labor costsA theme 144 companies write about · 147 as a headwind · 0 as a tailwind

Iwatsuka Confectionery moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).

The whole theme swung hardest in 2022: 64 of 104 companies on the "Worse" side.

47 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.
Showing 14 of the 144 companies compared. The sentences above are computed from all 144.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-10WorsenedEarnings

    「In addition to the impact of supply and demand for rice as a raw material, soaring prices for packaging materials and energy have become apparent. Manufacturing costs are believed to be rising, including personnel and logistics costs, creating a challenging business environment in which each company is struggling to secure profitability.」

    Specifies the range of manufacturing cost increases by citing packaging materials, energy, personnel, and logistics costs in addition to rice.
  2. FY2026WorsenedAnnual report

    「As persistently high prices for rice as a raw material and uncertainty over procurement conditions impose a significant burden, increases in the costs of other raw materials, energy, labor and logistics are unavoidable.」

    In addition to persistently high prices and uncertainty over the procurement of rice as a raw material, the statement cites increases in other raw material, energy, labor and logistics costs, indicating that the challenging cost environment is continuing.
  3. FY2026-H1WorsenedAnnual report

    「As labor and logistics costs trend higher, raw material prices, led by rice, have risen sharply, making the cost environment increasingly challenging. There are also concerns that, in addition to soaring prices, stable procurement of rice as a raw material will become more difficult, and the business environment is expected to be more challenging than ever.」

    In addition to higher labor and logistics costs and a sharp rise in raw material prices, the statement cites soaring rice prices and concerns over difficulties in securing a stable supply, indicating that the cost environment is becoming increasingly challenging.
  4. FY2025WorsenedAnnual report

    「Securing a stable supply of rice as a raw material has become an extremely significant challenge, as there is no clear prospect of resolving soaring prices or supply shortages. We believe the business environment will be more challenging than ever.」

    For rice as a raw material, the statement says there is no clear prospect of resolving soaring prices or supply shortages, indicating that raw material cost and procurement risks have become even more serious.
  5. FY2025-H1WorsenedAnnual report

    「In addition to shortages of domestically produced rice and higher prices caused by last summer's extreme heat and unfavorable weather, soaring prices for imported rice have made stable procurement of raw materials difficult, and manufacturing costs are expected to rise.」

    In addition to shortages and higher prices for domestically produced rice, prices for imported rice have also risen, making stable procurement of raw materials difficult. Raw material price and supply risks have become more pronounced than before.
  6. FY2024-Q3WorsenedAnnual report

    「However, challenging conditions are continuing, with raw material costs remaining elevated and labor and logistics costs expected to rise. Each company is therefore believed to be pursuing measures focused on maintaining profitability.」

    The statement cites elevated raw material costs and expected increases in labor and logistics costs, noting that rising costs and the difficulty of maintaining profitability are continuing.
  7. FY2024-Q2MitigatedAnnual report

    「In the manufacturing division, raw material, electricity and depreciation costs remained elevated, while fuel costs declined with the benefit of the subsidy measures. Labor costs also performed well as the effects of investments in rationalization emerged, and overall manufacturing costs showed a slight improvement.」

    Although raw material, electricity and depreciation costs remain elevated, overall manufacturing costs are showing a slight improvement owing to lower fuel costs and reduced labor costs resulting from investments in rationalization.
  8. FY2024-Q1Fuel costs declining while electricity and auxiliary material costs riseAnnual report

    「In the manufacturing division, fuel costs among the various cost increases, including raw materials, fuel and electricity, have declined steadily as a result of the measures to mitigate drastic price fluctuations. However, electricity costs remain on an upward trend, while higher costs for auxiliary materials such as packaging materials have offset the effect of price increases on our products, limiting the reduction in manufacturing costs.」

    Fuel costs declined as a result of the subsidy measures, while electricity and auxiliary material costs, including packaging materials, rose and limited the reduction in manufacturing costs by offsetting the effect of price increases.
  9. FY2023RestatedAnnual report

    「Manufacturing costs, including raw materials and fuel, remain elevated, and price increases have not kept pace. With a challenging business environment continuing in terms of profitability, we have been forced to announce a second price revision because our own efforts alone are no longer sufficient.」

    Profitability has continued to deteriorate because raw material and fuel costs remain elevated and price increases have been delayed.
  10. FY2023-Q3RestatedAnnual report

    「Meanwhile, manufacturing costs, including raw material and fuel costs, remain elevated, and with price increases failing to keep pace, the business environment remains challenging, particularly in terms of profitability.」

    It continues to describe elevated manufacturing costs, including raw material and fuel costs, and pressure on profitability due to delays in passing these costs through to prices.
  11. FY2023-Q2WorsenedAnnual report

    「Meanwhile, global surges in resource and energy prices and the weaker yen have caused raw material and fuel costs to rise sharply across the board. With price increases unable to keep pace, the profitability environment is extremely challenging.」

    It states that resource and energy price surges and the weaker yen have caused raw material and fuel costs to rise sharply across the board, while the inability to pass costs through to prices has made the profitability environment extremely challenging.
  12. FY2023-Q1WorsenedAnnual report

    「Raw material, fuel and logistics costs have all risen sharply, and with delays in passing these costs through to prices, profitability at each company is believed to have deteriorated significantly, creating an extremely challenging business environment.」

    It describes the increases in raw material, fuel and logistics costs as being broad-based and substantial, with deteriorating profitability due to delays in passing costs through to prices further worsening the cost environment.
  13. FY2022-Q3MaterialisedAnnual report

    「As a result, during the nine months ended the third quarter of the fiscal year under review, the company continued to report lower sales and earnings year on year. Although the impact of the decline following last year's special demand in the first half of the fiscal year had become limited, intensifying price competition, sharply higher raw material and fuel costs, and a substantial increase in fixed-cost burdens weighed on results.」

    Higher raw material and fuel costs and increased fixed-cost burdens emerged as actual factors behind the declines in sales and earnings, and the company recorded an operating loss of ¥203 million.
  14. FY2022-Q2MaterialisedAnnual report

    「As a result, during the six months ended the second quarter of the fiscal year under review, the company reported lower sales and earnings year on year. Although the impact of the decline following last year's special demand was gradually fading, intensifying price competition, surging raw material and packaging costs and higher fixed-cost burdens weighed on results.」

    It identifies surging raw material and packaging costs, together with price competition and higher fixed-cost burdens, as actual factors behind the declines in sales and earnings.
  15. FY2022-Q1MaterialisedAnnual report

    「In addition, higher costs due to increases in the prices of raw materials such as edible oil have become apparent, and the challenging business environment is expected to continue.」

    It states that higher costs resulting from increases in the prices of raw materials such as edible oil have actually become apparent.
  16. FY2021MaterialisedAnnual report

    「Raw material trends remain mixed: the price of raw rice has begun to stabilise, but other auxiliary materials, packaging materials and fuel are generally contributing to higher costs.」

    Higher costs for auxiliary materials other than raw rice, packaging materials and fuel have actually emerged as factors affecting operating conditions.
  17. FY2021-Q3RestatedAnnual report

    「In the manufacturing division, while preparing for the start-up of the new plant, we pursued labor savings and worked to reduce manufacturing costs through measures such as eliminating waste in raw materials and supplies and strengthening the logistics system, as well as through the continued concentration of production on core products and stabilization of quality.」

    The company continues to reduce manufacturing costs in response to cost pressures related to raw materials, packaging materials and logistics by eliminating waste, developing its logistics structure and concentrating production.
  18. FY2021-Q1MaterialisedAnnual report

    「It is also necessary to continue addressing high costs for raw materials and logistics, and the challenging outlook is expected to continue.」

    It states that high costs for raw materials, logistics and other expenses continue to affect the business environment and that ongoing measures are required.
  19. FY2020MaterialisedAnnual report

    「The group is focusing on narrowing its range of products and levelling production staffing in order to absorb higher costs for raw rice, auxiliary materials and logistics,」

    Higher costs for raw materials, auxiliary materials and logistics continued as actual cost factors, and the company worked to absorb them by narrowing its range of products, levelling staffing and reviewing loading methods.
  20. FY2020-Q3MaterialisedAnnual report

    「In the rice-cracker industry, price competition is intensifying further as distribution structures change, with inexpensive drugstores and discount stores expanding amid stagnation at general merchandise stores and department stores and signs of saturation at convenience stores. Higher costs for raw materials and logistics are also significant, and challenging business conditions continue.」

    Higher costs for raw materials, logistics and other expenses continue to affect the business environment, and the company is working to absorb them by concentrating production on selected products and reviewing loading methods.
  21. FY2020-Q2MaterialisedAnnual report

    「In the rice-cracker industry, higher costs for raw materials and logistics are weighing on results, while price competition has intensified further ahead of the consumption tax increase, making the low-price strategy increasingly pronounced and keeping business conditions challenging.」

    It states that higher costs for raw materials, logistics and other expenses are actually affecting operating conditions.
  22. FY2020-Q1MaterialisedAnnual report

    「To absorb cost increases in raw materials, supplies, logistics and other areas, the Manufacturing Division further advanced measures begun in the previous period, including narrowing the range of products manufactured and leveling staffing requirements, and focused on improving production efficiency.」

    Higher costs for raw materials, packaging materials, logistics and other expenses continue to affect the operating environment, and the company is working to absorb them by improving production efficiency.
  23. FY2019MaterialisedAnnual report

    「In the rice cracker industry, cost pressures from raw rice, packaging materials and logistics costs have become apparent, while price competition is becoming increasingly intense,」

    Higher costs for raw rice, packaging materials and logistics have become apparent and are affecting actual operating conditions alongside intensifying price competition.
  24. FY2019-Q3MaterialisedAnnual report

    「During the nine months ended the third quarter of the fiscal year under review, the company worked to pass through price increases and launch new products amid intensifying price competition and surging manufacturing costs, including fuel costs. Although signs of recovery have recently emerged, sales amounted to ¥17,669 million, down 2.7% year on year, and operating profit amounted to ¥149 million, down 32.5% year on year.」

    Price competition and surging manufacturing costs, including fuel costs, continued to weigh on operating performance, as reflected in declines in sales and operating profit.
  25. FY2019-Q2MaterialisedAnnual report

    「However, the company was forced to report lower sales due to the reversal of increased demand for rice cracker snacks caused by last year's potato shortage and the impact of abnormally hot weather, while earnings declined amid surging logistics and fuel costs.」

    Higher logistics and fuel costs and other expenses actually materialised and, together with the reversal in demand and extremely hot weather, contributed to lower earnings.
  26. FY2019-Q1WorsenedAnnual report

    「However, amid sluggish growth in the rice-cracker market and delays in the pass-through of price increases necessitated by soaring prices for key raw materials, net sales for the first quarter of the current consolidated cumulative period were ¥5,840 million, down 4.0% year on year, and operating income was ¥3 million, down 96.8% year on year.」

    It states that continued surges in the prices of principal raw materials, together with delays in passing through price increases, have had an increasingly significant impact on earnings, including a 96.8% year-on-year decline in operating profit.
  27. FY2018MaterialisedAnnual report

    「For the consolidated fiscal year under review, the group reported sales of ¥23,792 million, up 3.3% from the previous fiscal year, but was forced to post lower earnings due to higher promotional expenses, raw material costs and transportation costs, with operating profit amounting to ¥66 million, down 82.4% from the previous fiscal year.」

    It states that higher raw material and transportation costs, together with increased promotional expenses, were actual factors behind the decline in earnings, with operating profit down 82.4% year on year to ¥66.03 million.
  28. FY2018-Q3MaterialisedAnnual report

    「As a result, sales for the nine months ended the third quarter of the fiscal year under review amounted to ¥18,162 million, up 4.1% year on year. In terms of earnings, however, operating profit amounted to ¥221 million, down 39.0% year on year, due in part to higher raw material and logistics costs and increased selling expenses, including campaign costs, and」

    It states that higher raw material and logistics costs resulted in actual increases in expenses and, together with campaign costs and other expenses, contributed to the 39.0% year-on-year decline in operating profit.
  29. FY2017-Q2RestatedAnnual report

    「During the second quarter of the fiscal year under review, Japan's economy was on a moderate recovery trend, but a challenging operating environment continued amid economic uncertainty and exchange-rate risk caused by a downturn in foreign economies, with the economic recovery showing signs of stalling.」

    It reiterates uncertainty in the external environment, including downturns in foreign economies, exchange-rate risk and the stalled economic recovery. It states that there were no material changes in the risk section.
  30. FY2017-Q1RestatedAnnual report

    「The UK's withdrawal from the EU created significant uncertainty in Japan's financial and equity markets and led to sharp exchange-rate fluctuations, further increasing uncertainty over the outlook.」

    It reiterates uncertainty in the external environment, including exchange-rate fluctuations, in connection with existing cost and market-environment risks. It does not specify the monetary impact on raw material or logistics costs.
  31. FY2016First statedAnnual report

    「Raw materials, including rice as the principal raw material, are subject to the risk of substantial fluctuations in purchase prices due to weather and other factors, and such fluctuations may affect operating results.」

    In addition to fluctuations in raw material prices, it identifies higher imported raw material costs due to the weaker yen and higher logistics costs as concerns.
Moved together

"Changes in the market value of investment securities" moved the same way as this thread, in the same document, in 23 of its 34 moves.

231714554★123456
  1. ★This thread
  2. 1Changes in the market value of investment securities23×
  3. 2Sluggish consumer spending and competition for brand share17×
  4. 3Uncertainty about the Outlook Due to Overseas Political Developments and Geopolitical Risks14×
  5. 4Raw Material Supply Risks Arising from Specific Suppliers and Adverse Weather5×
  6. 5Increased uncertainty in the economic and business environment due to COVID-195×
  7. 6Structural Reform Through Brand Concentration and a Robust Earnings Base4×

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