Raw Material Market Fluctuations: Soybeans, Palm Oil and Cocoa
First written in FY2017. 10 of 25 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-11-10.
Fuji Oil moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 128 of 168 companies on the "Worse" side.
31 other companies' latest entry also says "Mitigated".
- 2026-11-10MitigatedResults
「業務用チョコレート事業におけるBlommer Chocolate Company, LLC（米国、以下「Blommer」）でのカカオ豆価格の下落に伴う販売価格の下落により減収となりました。事業利益は、Blommerでのカカオ豆関連費用の減少、ブラジルやアジアでのコンパウンドチョコレートの堅調な需要、並びに大豆加工素材事業における販売数量の増加により増益となりました。」
カカオ豆価格の下落と関連費用の減少により、前期まで顕在化していたカカオ相場による利益圧迫は一部低減している。一方、植物性油脂事業では原材料価格上昇による収益性低下も記載されている。 - FY2027-H1Continued volatility in raw material prices due to higher palm oil prices and lower cocoa bean pricesAnnual report
「Revenue increased in the vegetable oils business as palm oil prices, the main raw material, rose, but overall revenue declined because selling prices at Blommer Chocolate Company, LLC in the industrial chocolate business (U.S.; hereinafter “Blommer”) fell in line with lower cocoa bean prices.」
While palm oil prices continued to rise, cocoa bean prices fell, contributing to lower revenue in the industrial chocolate business through lower selling prices. Raw material price volatility has continued. - FY2026-H1WorsenedAnnual report
「Revenue increased as selling prices rose in response to higher procurement prices for key raw materials. Palm oil prices rose year on year, while cocoa bean prices also remained high following their surge in 2024.」
Palm oil prices rose year on year, while cocoa bean prices have remained high following their surge, causing procurement prices for key raw materials to continue rising. - FY2025MaterialisedAnnual report
「Palm oil raw material prices have remained high compared with the first half of 2024. Cocoa bean raw material prices, which surged again in December 2024, have tended to decline since January 2025, but have remained high, and raw material markets have therefore remained volatile.」
High and volatile palm oil and cocoa bean prices have persisted, with the surge in cocoa bean prices in particular contributing to operating losses and valuation losses on futures transactions in the commercial chocolate business. - FY2025-H1MaterialisedAnnual report
「Prices in raw material markets were generally stable, but cocoa bean prices surged from the beginning of 2024, reached a record high in April and have remained volatile since then. The profit or loss of the consolidated subsidiary for the period from 22 January 2024 to 31 March 2024 has been adjusted as a ¥6,359 million decrease in retained earnings. The primary reason for the decrease in retained earnings was valuation losses and other losses arising from the sharp rise in cocoa bean prices between the beginning of 2024 and March in connection with futures transactions conducted to hedge the risk of fluctuations in cocoa bean prices.」
The sharp and volatile rise in cocoa bean prices has materialized as a ¥6,359 million decrease in retained earnings due to valuation losses and other losses on futures transactions. - FY2024WorsenedAnnual report
「In raw material markets, cocoa bean prices rose to historic highs toward the end of the fiscal year, while prices of palm oil and soybean raw materials remained stable.」
Palm oil and soybean prices remained stable, while the historic surge in cocoa bean prices newly became apparent, increasing raw material market risk in the commercial chocolate business. - FY2024-Q2RestatedAnnual report
「Although uncertainty persists due to factors including higher import purchase prices in Japan resulting from the weaker yen and historically high international cocoa bean prices, prices of the principal raw materials, palm oil and soybeans, have remained stable compared with the same period of the previous year.」
The company reiterates its view that higher import purchase prices resulting from the weaker yen and historically high cocoa bean prices continue, while palm oil and soybean prices remain stable year on year. - FY2024-Q1WorsenedAnnual report
「Although the weaker yen continues to affect manufacturing costs in Japan, international cocoa bean prices have reached historic highs and uncertainty related to the situation in Ukraine and other factors persists. However, prices of the principal raw materials, palm oil and soybeans, have remained stable compared with the same period of the previous year.」
Palm oil and soybean prices remained stable year on year, while the historic surge in international cocoa bean prices, the impact of the weaker yen on manufacturing costs and the situation in Ukraine have newly emerged as significant factors. - FY2023-Q3RestatedAnnual report
「Prices of palm oil and soybeans, the principal raw materials, remained high at the beginning of the period due to the situation in Ukraine and the impact of Indonesia’s restrictions on palm oil exports. Palm oil prices have eased from the sharp rise at the beginning of the period since June, following the resumption of palm oil exports from Indonesia and other factors. Soybean prices declined temporarily but have remained high due to adverse weather and expectations of increased demand. In addition, raw material procurement costs have remained elevated because of higher logistics and labor costs and, in Japan, the weaker yen.」
The initial spike in palm oil prices has eased, while soybean prices have remained high and procurement costs, including logistics, labor and the weaker yen, continue to stay elevated. - FY2023-Q2WorsenedAnnual report
「Prices of palm oil and soybeans, the principal raw materials, rose further at the beginning of the period due to the situation in Ukraine and the impact of Indonesia’s restrictions on palm oil exports. Palm oil prices declined from June onward on expectations of a recovery in production following the resumption of palm oil exports from Indonesia and the return of labor. Soybean prices declined temporarily but have nevertheless remained at high levels. In addition, procurement costs have remained high due to higher logistics and labor costs and, in Japan, the rapid depreciation of the yen.」
Palm oil prices declined in part, but soybean prices remained high, while logistics costs, labor costs and the weaker yen combined to keep procurement costs elevated. The company also specifically reported lower profitability caused by higher raw material prices and lower profit across its businesses. - FY2023-Q1WorsenedAnnual report
「Prices of palm oil, the company’s principal raw material, rose further from the previous period’s continuing increase due to the situation in Ukraine and Indonesia’s restrictions on palm oil exports.」
Palm oil prices rose further due to the situation in Ukraine and Indonesia’s export restrictions, while procurement costs for other raw materials also increased because of the weaker yen and higher logistics costs. Higher raw material prices materialized through lower profitability and lower profit across the businesses. - FY2022MaterialisedAnnual report
「Prices of the company’s major raw materials, palm oil and soybeans, have remained high, driven by expectations of increased demand following the resumption of economic activity and the impact of U.S. clean-energy policy, as well as labor shortages in producing regions and supply-chain delays. Operating profit declined due to lower profitability caused by soaring raw material prices, in addition to」
The surge in palm oil and soybean prices has materialized through lower profitability and lower profit in the plant-based oils and processed soybean ingredients businesses. - FY2022-Q3MaterialisedAnnual report
「Prices of the company’s major raw materials, palm oil and soybeans, have remained high, driven by expectations of increased demand following the resumption of economic activity and the impact of U.S. clean-energy policy, as well as labor shortages in producing regions and supply-chain delays. Operating profit declined due to lower profitability caused by soaring raw material prices, in addition to」
High prices of raw materials such as palm oil and soybeans were reflected in actual results through lower profitability and lower profit in the plant-based oils and processed soybean ingredients businesses. - FY2022-Q2RestatedAnnual report
「Meanwhile, prices of raw materials such as palm oil and soybeans have remained high, as expectations of recovering demand with the resumption of economic activity have been accompanied by continued expectations for expanded demand as alternative energy.」
The company continues to recognize that prices of raw materials such as palm oil and soybeans remain high. - FY2022-Q1WorsenedAnnual report
「Prices of raw materials such as palm oil and soybeans have remained at higher levels than last year, owing to labor shortages associated with restrictions on movement during the spread of COVID-19, expectations of recovering demand as economic activity resumed, and rising demand for use as alternative energy.」
Prices of raw materials such as palm oil and soybeans have remained above the previous year’s levels, driven by labor shortages, expectations of recovering demand and demand for alternative energy. - FY2021-Q2MaterialisedAnnual report
「Profit declined in overseas markets because weak sales in Europe and higher raw material costs in the Americas reduced profitability.」
Higher raw material costs were reflected in actual results through lower profitability in the Americas and lower profit in the plant-based oils business. - FY2020-Q3MaterialisedAnnual report
「Profit declined because profitability deteriorated in Brazil due to the weakening of the currency used to procure raw materials, in addition to the reversal of futures valuation gains recognized at the time of the acquisition of Blommer Chocolate Company.」
The weakening of the currency used to procure raw materials was reflected in actual results through deteriorating profitability in Brazil, and risks such as fluctuations in raw material and commodity-related prices materialized. - FY2020-Q2Increase in Commodity Derivatives Outstanding and Valuation LossesAnnual report
「Commodity-related derivative transactions, in which the underlying assets are commodities, have become important to the operation of the corporate group’s businesses, and significant changes from the end of the previous consolidated fiscal year have been recognized.」
The total contract amount and other balances of commodity futures and commodity swaps increased from ¥123,006 million at the end of the previous fiscal year to ¥127,112 million, while valuation results changed from a valuation gain of ¥2,387 million to a valuation loss of ¥63 million. - FY2019MaterialisedAnnual report
「Profit declined in Asia because lower commodity prices reduced the profitability of inventory commodity products.」
Fluctuations in commodity prices were reflected in actual results through lower profitability of inventory products and lower profit in the Asia oils and fats segment. - FY2018MaterialisedAnnual report
「In the confectionery and bakery ingredients segment, profitability declined in Japan due to higher raw material prices, but profit increased as a result of profit growth in Asia and Brazil.」
The company specifically reported that lower profitability caused by higher raw material prices affected domestic profit in the confectionery and bakery ingredients segment. - FY2018-Q3MaterialisedAnnual report
「Profit declined as higher raw material prices reduced profitability.」
Higher raw material prices continued to be reflected in results through lower profitability in the oils and fats segment and a 10.7% year-on-year decline in segment profit. - FY2018-Q1MaterialisedAnnual report
「Profit declined as higher raw material prices reduced profitability.」
Higher raw material prices were reflected in actual results through lower profitability and lower profit in the oils and fats segment. - FY2017First statedAnnual report
「Major raw materials such as soybeans, palm oil and cocoa are affected by fluctuations in commodity prices caused by factors including weather in producing regions and the balance between supply and demand. The company therefore uses various means of mitigating price fluctuation risk, such as futures contracts, as well as sales policies including passing costs through to selling prices.」
The company identified fluctuations in the prices of major raw materials as a risk that could adversely affect operating performance and financial condition, and is responding through futures contracts and passing costs through to selling prices.