Risk of price fluctuations and surges in sesame seeds sourced overseas
First written in FY2016. 11 of 28 entries say "Mitigated", first in FY2017-Q1. Latest entry: FY2026.
Kadoya Sesame Mills moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 38 of 55 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Although auxiliary-material costs and personnel expenses increased, lower prices for key raw materials and other factors brought cost of sales below the prior fiscal year, contributing to improved profitability per unit of product.」
The impact on results of the rise in raw material prices that had continued through the previous period eased in the current period due to lower prices for the principal raw materials. - 2026-05-13MitigatedEarnings
「The cost of sales was below the previous fiscal year, primarily because of lower prices for key raw materials, contributing to improved profitability per unit of product.」
Lower raw material prices reduced the earnings burden caused by rising raw material prices compared with the previous fiscal year. - FY2026-H1MitigatedAnnual report
「Cost of sales increased 3.4% year on year, despite a lull in the rise in raw material prices, due to higher costs for auxiliary materials, repairs and other items, as well as higher sales volumes.」
It was stated that the rise in raw material prices had eased, and the impact of higher raw material prices was less pronounced than in the previous period. However, total cost of sales increased 3.4% year on year due to increases in auxiliary materials, repair costs and other expenses. - FY2025-H1WorsenedAnnual report
「On the cost side, cost of sales was 111.9% of the prior-year period, due mainly to a substantial increase in raw material costs resulting from rising raw material market prices and the trend toward a weaker yen.」
For sesame raw materials sourced overseas, higher raw material costs resulting from rising raw material market prices and a weaker yen were reflected in actual results as cost of sales at 111.9% of the prior-year period. - FY2024-Q3WorsenedAnnual report
「Cost of sales was 109.0% of the prior-year period, despite lower sales volumes and other factors, due mainly to a substantial increase in raw material costs resulting from rising raw material market prices and the trend toward a weaker yen.」
For sesame raw materials sourced overseas, higher raw material costs resulting from rising raw material market prices and a weaker yen were reflected in actual results as cost of sales at 109.0% of the prior-year period, and the impact of price volatility risk continued. - FY2024-Q2WorsenedAnnual report
「Although sales volume declined, cost of sales rose to 108.9% of the prior-year period due to a significant increase in raw-material costs resulting from higher raw-material market prices and the yen's depreciating trend.」
For sesame raw materials sourced overseas, higher raw material costs resulting from rising raw material market prices and a weaker yen were reflected in actual results as cost of sales at 108.9% of the prior-year period, and the impact of price volatility risk continued. - FY2024-Q1WorsenedAnnual report
「On the cost side, although cost of sales benefited from lower sales volumes and lower depreciation expense as depreciation at the Sodegaura Plant progressed, it increased from the prior-year period due to a substantial increase in raw material costs resulting from rising raw material market prices and the trend toward a weaker yen, as well as higher utilities costs.」
Increases in raw material costs and other expenses resulting from rising raw material market prices, a weaker yen and higher utilities costs exceeded the factors reducing costs, such as lower sales volumes and lower depreciation expense, and the impact of raw material price fluctuation risk was reflected in actual results. - FY2023WorsenedAnnual report
「Almost all of the group's primary raw material, sesame seeds, is sourced overseas, and procurement prices fluctuate with changes in supply and demand in the global sesame seed market, the economic conditions of producing countries, weather, planting conditions and regulations on pesticides and other matters. The group plans to pass higher costs on to selling prices when these prices surge. However, if the pass-through to selling prices is insufficient due to deflationary or other market conditions, this could affect the group's operating results and financial position.」
For sesame raw materials sourced overseas, higher raw material prices and higher costs resulting from a weaker yen and rising energy prices were reflected in actual results, and the risk of insufficient pass-through to selling prices continues to be disclosed. - FY2023-Q3WorsenedAnnual report
「Due to higher raw material costs resulting from rising raw material prices and the trend toward a weaker yen, as well as higher fuel and utilities costs resulting from rising energy prices, cost of sales was 107.6% of the prior-year period.」
Higher costs resulting from rising raw material prices, a weaker yen and rising energy prices continued to be reflected as an increase in cost of sales, which was 107.6% of the prior-year period. - FY2023-Q2RestatedAnnual report
「On the cost side, although depreciation expense declined as depreciation at the Sodegaura Plant progressed, cost of sales was 107.4% of the prior-year period due to higher raw material costs resulting from rising raw material prices and the trend toward a weaker yen, as well as higher fuel, utilities and other costs resulting from rising energy prices.」
Increases in raw material costs, fuel costs and utilities resulting from higher raw material prices, a weaker yen and rising energy prices continued to be reflected in actual results. - FY2023-Q1WorsenedAnnual report
「On the cost side, although depreciation expense declined as depreciation at the Sodegaura Plant progressed, cost of sales was 108.7% of the prior-year period due to higher raw material costs resulting from rising raw material prices and the trend toward a weaker yen, as well as higher fuel, utilities and other costs resulting from rising energy prices.」
In addition to higher raw material prices and a weaker yen, higher costs resulting from rising energy prices were reflected in actual cost of sales, and the impact of raw material price fluctuation risk continued to emerge. - FY2022WorsenedAnnual report
「Almost all of the group's primary raw material, sesame seeds, is sourced overseas, and procurement prices fluctuate with changes in supply and demand in the global sesame seed market, the economic conditions of producing countries, weather, planting conditions and regulations on pesticides and other matters. The group plans to pass higher costs on to selling prices when these prices surge. However, if the pass-through to selling prices is insufficient due to deflationary or other market conditions, this could affect the group's operating results and financial position.」
Raw material prices entered an upward phase during the fiscal year, and the company explicitly identified the risks of higher costs when prices surge and insufficient pass-through to selling prices. However, the impact on raw materials received during the fiscal year was limited. - FY2022-Q1MitigatedAnnual report
「On the cost side, although cost of sales benefited from lower raw material issue prices year on year and lower depreciation expense as depreciation at the Sodegaura Plant progressed, it increased from the prior-year period due in part to higher sales volumes.」
Raw material issue prices were lower year on year, temporarily reducing the impact of rising raw material prices during the quarter. - FY2021Measures specified; sensitivity estimate reducedAnnual report
「Accordingly, the group is taking measures including seeking new producing regions and supply suppliers and building strong relationships with leading local suppliers through ongoing procurement activities. If the market price of sesame raw materials rises by $50 per ton, raw material costs are expected to increase by approximately ¥30 million annually.」
The company specified measures including seeking new producing regions and supply suppliers and building relationships with leading local suppliers. The expected annual increase in raw material costs for a $50-per-ton increase changed from approximately ¥60 million as previously stated to approximately ¥30 million. - FY2020WorsenedAnnual report
「If the market price of sesame raw materials rises by $50 per ton, raw material costs are expected to increase by approximately ¥60 million annually.」
The sensitivity of raw material price fluctuation risk was quantified for the first time: a $50-per-ton increase is expected to result in an annual increase of approximately ¥60 million in raw material costs. Actual raw material costs also increased substantially. - FY2020-Q3RestatedAnnual report
「On the cost side, cost of sales was 107.0% of the prior-year period, owing to a substantial increase in raw material costs and higher labor costs, including those associated with increasing staffing at the Sodegaura Plant, which is scheduled for completion during the current fiscal year.」
The substantial increase in raw material costs continued, and cost of sales was 107.0% of the prior-year period. Although this was down from 110.0% of the prior-year period in the previous quarter, the impact of higher raw material prices continued to be reflected in actual results. - FY2020-Q2WorsenedAnnual report
「On the cost side, cost of sales was 110.0% of the prior-year period, owing to a substantial increase in raw material costs and higher labor costs, including those associated with increasing staffing at the Sodegaura Plant, which is scheduled to begin operations during the second half of the current fiscal year.」
The substantial increase in raw material costs continued, and cost of sales was 110.0% of the prior-year period. quantified was assessed as true, and materialized was assessed as true. - FY2020-Q1WorsenedAnnual report
「Meanwhile, from a cost perspective, raw material costs increased substantially, while personnel expenses rose with the increase in staff for the Sodegaura Plant scheduled to begin operations during the second half of the current period, and selling expenses increased with higher household sales volume. As a result, cost of sales reached 109.7% of the previous year and selling, general and administrative expenses reached 105.1%.」
The impact of higher raw material prices was reflected in actual costs as a substantial increase in raw material costs, and cost of sales was 109.7% of the prior-year period. - FY2019MaterialisedAnnual report
「As raw material prices entered an upward phase, the company implemented price adjustments for business-use products in February. On the cost side, in addition to higher raw material prices, retirement benefit expenses increased as the company transitioned from the simplified method to the standard method of accounting for retirement benefits, reflecting an increase in employees due in part to hiring personnel for the second plant. Variable costs also rose as sales volumes grew.」
The increase in raw material prices was reflected in actual results as higher costs, and price adjustments were implemented for business-use products. - FY2019-Q3MaterialisedAnnual report
「Meanwhile, raw material prices are currently in an upward phase, making sales at appropriate prices a challenge. On the cost side, in addition to higher raw material prices, labor costs increased due in part to hiring personnel for the second plant, while variable costs rose as sales volumes grew.」
Raw material prices, previously regarded as low and stable, entered an upward phase, and the increase in raw material prices was reflected in actual results as higher costs. - FY2018MitigatedAnnual report
「In addition, partly because sesame raw material procurement prices had remained relatively low and stable in recent years, customers increasingly requested price reductions, and selling prices were on a downward trend.」
Although the risk of sesame seed price volatility remains, raw material procurement prices remained low and stable during the fiscal year. In periods of low prices, customers requested price reductions and selling prices declined. - FY2018-Q2MitigatedAnnual report
「Raw material purchase and issue prices have declined from the previous fiscal year, and unit costs are below the previous fiscal year's level.」
Although the risk of sesame seed price volatility remains, raw material purchase and issue prices and unit costs were below the previous fiscal year's levels. - FY2018-Q1MitigatedAnnual report
「Raw material purchase and issue prices have declined from the previous fiscal year, and unit costs are below the previous fiscal year's level.」
Raw material purchase and issue prices and unit costs were below the previous fiscal year's levels, reducing the impact of raw material price fluctuations during the quarter. - FY2017MitigatedAnnual report
「Raw material purchase prices have declined from the previous fiscal year due to lower prices and the impact of foreign exchange. Raw material issue prices have also declined from the previous fiscal year, and unit costs are below the previous fiscal year's level.」
Although the risk of sesame seed price volatility remains, raw material purchase and issue prices and unit costs were below the previous fiscal year's levels. - FY2017-Q3MitigatedAnnual report
「Raw material purchase prices have declined from the previous fiscal year due to lower prices and the impact of foreign exchange. Raw material issue prices have also declined from the previous fiscal year, and unit costs are below the previous fiscal year's level.」
Although the risk of sesame seed price volatility remains, raw material purchase and issue prices and unit costs were below the previous fiscal year's levels. - FY2017-Q2MitigatedAnnual report
「As raw material purchase prices, which had been rising sharply since the year before last, began to decline, the company lowered product prices as appropriate.」
Raw material purchase prices continued to decline, while raw material issue prices and unit costs were also below the previous year's levels. - FY2017-Q1MitigatedAnnual report
「Raw material purchase prices have declined from the previous fiscal year due to lower prices and the impact of foreign exchange. Raw material issue prices have also declined from the previous fiscal year, and unit costs are below the previous fiscal year's level.」
Although the risk of sesame seed price volatility remains, raw material purchase and issue prices were below the previous fiscal year's levels in the quarter. - FY2016First statedAnnual report
「Almost all of the sesame seeds, our primary raw material, are sourced overseas. As a result, procurement prices for raw materials fluctuate with changes in supply and demand in the global sesame seed market, the economic conditions of producing countries, weather and planting conditions. A surge in these prices could affect the company's operating results and financial position.」
The business overview states that raw material prices continued to rise from the previous fiscal year, so the price surge itself was treated as an event occurring during the current fiscal year.