Cost Risk from Rising Raw Material and Crude Oil Prices
First written in FY2016. 8 of 16 entries say "Materialised", first in FY2023-Q3. Latest entry: FY2026.
Yakult Honsha moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 121 of 167 companies on the "Worse" side.
39 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The gross margin was 58.8%, down 0.3 percentage points from 59.1% in the previous consolidated fiscal year, partly due to soaring raw material costs and other factors.」
The impact of soaring raw material costs and other factors was reflected in full-year results as a 0.3-percentage-point decline in gross margin. Price revisions were also implemented for some products. - 2026-05-12MaterialisedEarnings
「In response to rising raw material costs and the sharp increases in logistics, fuel and other costs, we revised the prices of some products in April last year and March this year.」
Continued increases in raw material, logistics and fuel costs have resulted in multiple product price revisions. - FY2026-H1MaterialisedAnnual report
「Meanwhile, for soft drinks, we implemented price revisions from April in response to rising raw material costs and the sharp increases in logistics, fuel and other expenses.」
Amid continued sharp increases in raw material, logistics and fuel costs, price revisions were implemented for soft drinks from April. - FY2025MaterialisedAnnual report
「The gross margin was 59.1%, down 0.5 percentage points from 59.6% in the previous consolidated fiscal year, partly due to soaring raw material costs.」
The impact of soaring raw material prices was reflected in full-year results as a 0.5-percentage-point decline in gross margin. - FY2024MaterialisedAnnual report
「The gross margin on net sales decreased by 0.1 percentage points to 59.6%, from 59.7% in the previous consolidated fiscal year, partly due to the impact of surging raw material prices.」
The surge in raw material prices was reflected in full-year performance as a 0.1 percentage-point decline in the gross margin on net sales. - FY2024-Q2MaterialisedAnnual report
「In September, the company revised the prices of New Yakult and New Yakult Calorie Half in response to higher raw material costs and sharp increases in logistics and other costs caused by social conditions.」
Sharp increases in raw material, logistics and other costs actually occurred, and the company revised the prices of New Yakult and other products in response. - FY2023MaterialisedAnnual report
「The gross margin on net sales decreased by 0.1 percentage points to 59.7%, from 59.8% in the previous consolidated fiscal year, partly due to the impact of surging raw material prices.」
The impact of surging raw material prices was reflected in actual performance as a decline in the gross margin on net sales. - FY2023-Q3MaterialisedAnnual report
「For soft drinks, the company implemented price revisions from November last year in response to higher raw material costs and the sharp increases in logistics, fuel and other costs.」
Sharp increases in raw material, logistics, fuel and other costs actually occurred, and the company implemented price revisions for soft drinks in response. - FY2023-Q2WorsenedAnnual report
「The situation requires close attention to downside risks to the economy from global monetary tightening and other factors, as well as the impact of rising prices and other developments.」
In addition to the existing risk of higher costs such as raw materials and labor, the company cites the economic concerns of a global monetary-tightening-induced downturn and the impact of rising prices. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy showed signs of recovery in both economic activity and personal consumption, partly due to the effects of various policies, although close attention was required to risks such as higher raw material prices resulting from the prolonged situation in Ukraine and restrictions on economic activity in China.」
The company explicitly identifies the risk of higher raw material prices against a backdrop of the prolonged situation in Ukraine and restrictions on economic activity in China. - FY2021RestatedAnnual report
「If the direct or indirect impact of higher costs such as raw material prices and labor costs cannot be absorbed through cost-cutting efforts, and selling prices cannot be revised due to market conditions, this could have a material impact on the Group's performance and financial condition.」
The company continues to report cost risks from rising raw material and crude oil prices, as well as higher labor costs in Japan and overseas and higher fees paid to Yakult Ladies. - FY2020RestatedAnnual report
「If the direct or indirect impact of higher costs such as raw material prices and labor costs cannot be absorbed through cost-cutting efforts, and selling prices cannot be revised due to market conditions, this could have a material impact on the Group's performance and financial condition.」
The company continues to report cost risks from rising raw material and crude oil prices, as well as higher labor costs in Japan and overseas and higher fees paid to Yakult Ladies. - FY2019RestatedAnnual report
「If the direct or indirect impact of higher costs such as raw material prices and labor costs cannot be absorbed through cost-cutting efforts, and selling prices cannot be revised due to market conditions, this could have a material impact on the Group's performance and financial condition.」
The company continues to report cost risks from rising raw material and crude oil prices, as well as higher labor costs in Japan and overseas and higher fees paid to Yakult Ladies. - FY2018WorsenedAnnual report
「In Japan, expenses such as labor costs are increasing due to the declining working population and efforts to improve working conditions. Overseas, particularly in emerging markets, currently relatively low labor costs may rise as the economies grow.」
In addition to the existing risks from raw material and crude oil prices, the company specifies the impact of rising labor costs in Japan and overseas and higher fees paid to Yakult Ladies. - FY2017RestatedAnnual report
「If the purchase price of those raw materials rises sharply due to market supply and demand conditions or other factors, or if crude oil prices rise sharply or remain elevated, this will affect manufacturing expenses, including packaging materials such as containers, as well as transportation costs.」
The risk that surging raw material and crude oil prices could affect financial condition through manufacturing expenses and transportation costs continues. - FY2016First statedAnnual report
「If the purchase price of those raw materials rises sharply due to market supply and demand conditions or other factors, or if crude oil prices rise sharply or remain elevated, this will affect manufacturing expenses, including packaging materials such as containers, as well as transportation costs.」
The company states that financial condition could be affected if the impact cannot be absorbed through cost reductions and selling prices cannot be revised.