Raw Material Price Volatility and Procurement Instability
First written in FY2017. 14 of 32 entries say "Restated". Latest entry: 2026-11-11.
Natori moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 98 of 135 companies on the "Worse" side.
42 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「If the impact of rising raw material prices cannot be offset through our own efforts alone, we will revise product prices or specifications while seeking our customers’ understanding.」
The risk of fluctuations in raw material and material prices was reassessed, identifying situations requiring price revisions or specification changes and reaffirming that soaring raw material prices could affect business performance. - 2026-05-13WorsenedResults
「食品業界では、原材料価格の更なる上昇に対して、やむを得ず、商品の価格改定をお客様とお得意先のご理解をいただきながら取り組んでおります。」
原材料価格の更なる上昇が続き、価格改定を進める状況を記載した。 - FY2026-H1WorsenedAnnual report
「The company expects further profit growth from the price revisions and changes to net contents for squid products, fried products and others, implemented in stages from June 2025 due to further increases in raw material prices and other costs, as well as from the planned price revisions for value-pack products from November 2025.」
Although further increases in raw material prices and other costs continued, profit declined in the interim period because their impact could not be fully absorbed even after additional price revisions and changes to net contents. - FY2025-H1RestatedAnnual report
「In terms of profit, the company-wide effort to address higher costs, including the effects of yen depreciation and further increases in raw material prices, through higher sales, product mix improvements, broader adoption of price revisions for some products, and cost control resulted in higher profit.」
The company stated that higher costs caused by yen depreciation and further increases in raw material prices continued, while explaining that its countermeasures resulted in higher profit. - FY2024-Q3RestatedAnnual report
「In response to increased costs, including the further impact of higher raw-material prices, the Company worked across the group to increase sales, improve the product mix, revise the prices and contents of certain products, and control costs, resulting in higher profit from the same quarter of the previous year」
While higher procurement costs, including further increases in raw material prices, continued, the company explained that it secured higher profit for the cumulative third quarter through its countermeasures. - FY2024-Q2RestatedAnnual report
「In response to the further impact of higher raw-material prices and increased costs such as power and fuel expenses, the Company worked across the group to increase sales, improve the product mix, revise the prices and contents of certain products, and control costs. As a result, profit increased from the same quarter of the previous year, and progress was also ahead of the profit plan for the second quarter of the current fiscal year on a cumulative consolidated basis.」
While further increases in raw material prices and higher costs such as fuel for power and transportation continued, the company explained that it secured higher profit year on year through its countermeasures. - FY2024-Q1WorsenedAnnual report
「In response to the further impact of higher raw-material prices and increased costs such as power and fuel expenses, the Company worked across the group to increase sales, improve the product mix, revise the prices and contents of certain products, and control costs. As a result, profit declined from the same quarter of the previous year, but progress was ahead of the profit plan for the first quarter of the current fiscal year on a cumulative consolidated basis.」
Further increases in raw material prices and higher costs such as fuel for power and transportation actually reduced profit, and profit declined year on year despite the implementation of various measures. - FY2023WorsenedAnnual report
「Procurement volumes and costs are expected to fluctuate depending on natural conditions affected by climate change, changes in the global food supply-and-demand structure, the financial condition of companies serving as production and procurement sources, changes in import tariffs, and the procurement of raw materials with consideration for environmental and human rights issues.」
Climate change, the global food supply-and-demand structure, and environmental and human rights considerations were added as factors in raw material procurement risks, broadening the risk of fluctuations in procurement volumes and costs. - FY2023-Q3MaterialisedAnnual report
「Although the Company worked on further cost reductions, including reducing power and fuel consumption mainly at its factories, profit declined significantly because of the impact of higher raw-material prices resulting from the sharp depreciation of the yen, which temporarily reached the ¥150 range, and lower sales.」
Higher raw material prices caused by rapid yen depreciation, which temporarily pushed the yen into the ¥150 range, actually occurred, and profit declined significantly despite the implementation of cost-reduction measures. - FY2023-Q2MaterialisedAnnual report
「Although the Company implemented measures including further cost reductions, such as reducing power and fuel consumption mainly at its factories, and changes to the contents and prices of certain products mentioned above, profit declined significantly because of higher raw-material prices resulting from the sharp depreciation of the yen and lower sales.」
Higher raw material prices caused by rapid yen depreciation actually affected results, and profit declined significantly despite the implementation of various measures. - FY2023-Q1MaterialisedAnnual report
「Although the Company implemented measures including further cost reductions and changes to the contents of certain products mentioned above, profit declined significantly because of the impact of higher raw-material prices resulting from the sharp depreciation of the yen and other factors.」
The risk of raw material price fluctuations and higher procurement costs actually materialized as price increases caused by rapid yen depreciation, resulting in a significant decline in profit. - FY2022-Q3RestatedAnnual report
「Although prices for some raw materials remained elevated, profit increased as a result of measures including improving the product mix, the continued effect of specification changes for certain products implemented in the previous fiscal year, and controlling costs in pursuit of appropriate costs, including by eliminating operational waste.」
The company explained that, although some raw material prices remained elevated, product mix improvements, the effects of changes to product specifications, and cost control resulted in higher profit. - FY2022-Q2RestatedAnnual report
「Although prices for some raw materials remained elevated, profit increased as a result of measures including improving the product mix, the continued effect of specification changes for certain products implemented in the previous fiscal year, and controlling costs in pursuit of appropriate costs, including by eliminating operational waste.」
The company stated that some raw material prices remained elevated, while explaining that product mix improvements and cost control resulted in higher profit. - FY2022-Q1RestatedAnnual report
「Although raw-material prices remained elevated, profit increased as a result of measures including improving the product mix, the effect of specification changes for certain products implemented in the previous fiscal year, and controlling costs in pursuit of appropriate costs, including by eliminating operational waste.」
The company stated that raw material prices remained elevated, while explaining that product mix improvements and cost control resulted in higher profit. - FY2021-Q3RestatedAnnual report
「Although the company was significantly affected by higher raw material and transportation costs in the current fiscal year, higher profit from increased sales, together with measures including changes to the specifications of some products, product mix improvements, and cost control through the elimination of operational waste and pursuit of appropriate costs, resulted in higher profit.」
Procurement and cost risks from higher raw material and transportation costs continued to affect results. - FY2021-Q2WorsenedAnnual report
「Although the Company has been addressing the poor catch of Japanese flying squid and other issues that have continued since the second half of the fiscal year ended March 2017, conditions worsened further during the current fiscal year, and profit was significantly affected by higher raw-material and transportation costs. Nevertheless, profit increased as a result of measures including changing the specifications of certain products and controlling costs in pursuit of appropriate costs, including by eliminating operational waste.」
The company stated that poor catches of domestically sourced Japanese flying squid and other factors worsened further in the current fiscal year, significantly affecting results through higher raw material costs. - FY2021-Q1WorsenedAnnual report
「Although the company has been responding progressively to poor catches of domestically sourced Japanese flying squid and other issues continuing since the second half of the fiscal year ended March 2017, conditions worsened further in the current fiscal year, and results were significantly affected by higher raw material and transportation costs.」
The company stated that the raw material procurement environment was significantly affected in the current fiscal year by further deterioration in poor catches of domestically sourced Japanese flying squid and other factors, as well as higher raw material and transportation costs. - FY2020RestatedAnnual report
「Procurement volumes and costs are expected to fluctuate depending on natural conditions, changes in the global food supply-and-demand structure, the financial condition of companies serving as production and procurement sources, and changes in import tariffs. To ensure stable procurement, the company avoids excessive dependence on specific raw materials, products, and suppliers and takes measures such as inventory management. However, unforeseen developments could affect the Group's operating results and financial condition.」
The company continues to identify the risk of fluctuations in procurement volumes and costs for raw materials and supplies and uses avoiding dependence and inventory management as countermeasures. - FY2020-Q3RestatedAnnual report
「However, profit declined due to persistently high raw material prices, particularly for squid, higher transportation costs, and increased expenses associated with aggressive capital investment to improve production capacity.」
Persistently elevated raw material prices, together with higher transportation costs and increased expenses associated with capital investment, became factors behind lower profit. - FY2020-Q2RestatedAnnual report
「However, profit declined due to persistently high raw material prices, particularly for squid, higher transportation costs, and increased expenses associated with aggressive capital investment to improve production capacity.」
Persistently elevated raw material prices, together with higher transportation costs and increased expenses associated with capital investment, became factors behind lower profit. - FY2020-Q1RestatedAnnual report
「However, profit declined due to persistently high raw material prices, particularly for squid, higher transportation costs, and increased expenses associated with aggressive capital investment to improve production capacity.」
Persistently elevated raw material prices, together with higher transportation costs and increased expenses associated with capital investment, became factors behind lower profit. - FY2019RestatedAnnual report
「The volume and cost of procurement are expected to fluctuate depending on natural conditions and conditions in producing regions. The company avoids excessive dependence on specific raw materials, suppliers, and products, gathers appropriate information, and takes measures such as inventory management. However, unforeseen developments could affect the Group's operating results and financial condition.」
The company continued to describe the risk of fluctuations in raw material prices and procurement volumes and presented avoiding dependence, gathering information, and inventory management as countermeasures. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the group continued to be significantly affected by higher raw material prices resulting from poor catches of domestically sourced flying squid and other factors since the second half of the fiscal year ended March 2017.」
The company stated that fluctuations in raw material prices and procurement instability caused by natural conditions and conditions in producing regions continued to have a significant impact on results in the current fiscal year. - FY2019-Q2RestatedAnnual report
「The group continued to be significantly affected in the current fiscal year by higher raw material prices resulting from poor catches of domestically sourced flying squid and other factors since the second half of the fiscal year ended March 2017.」
The company stated that fluctuations in raw material prices and procurement instability continued to have a significant actual impact on results in the current fiscal year. - FY2019-Q1WorsenedAnnual report
「However, since the second half of the fiscal year ended March 2017, conditions surrounding domestically sourced flying squid, for which catches had remained at record-low levels, deteriorated further. The effects of poor plum harvests and other factors also continued, and although the company took various measures, including changing product specifications, profit declined.」
In addition to the further deterioration in catches of Japanese flying squid, the effects of poor plum harvests also continued, and worsening raw material conditions led to lower profit. - FY2018WorsenedAnnual report
「These include higher raw material costs. We are considering measures such as switching to alternative raw materials, but if further price increases and other developments exceed the limits of the Group's efforts, they may put pressure on operating results.」
Higher raw material prices remain an ongoing issue, and poor plum harvests also occurred in addition to poor catches of Japanese flying squid. - FY2018-Q3WorsenedAnnual report
「In terms of profit, despite higher sales, the situation for domestically sourced Japanese flying squid continued to deteriorate amid record-low catches, while raw material prices rose further due to poor plum harvests and other factors. Although the company had already implemented various measures, including changes to product specifications, gross profit was ¥9,818 million, down 6.1% year on year.」
In addition to the further deterioration in catches of Japanese flying squid, poor plum harvests and other factors caused raw material prices to rise further, resulting in a 6.1% year-on-year decline in gross profit. - FY2018-Q2MaterialisedAnnual report
「However, since the second half of the previous fiscal year, raw material prices have risen sharply as a result of record poor catches of domestically sourced flying squid, significantly reducing profit.」
Regarding the risk of raw material price fluctuations caused by natural conditions and conditions in producing regions, soaring raw material prices resulting from continued poor catches of domestically sourced Japanese flying squid led to lower profit. - FY2018-Q1MaterialisedAnnual report
「However, since the second half of the previous fiscal year, raw material prices have risen sharply as a result of record poor catches of domestically sourced flying squid, significantly reducing profit.」
Regarding the risk of raw material price fluctuations caused by natural conditions and conditions in producing regions, soaring raw material prices resulting from poor catches of domestically sourced Japanese flying squid actually occurred and led to lower profit. - FY2017First statedAnnual report
「The volume and cost of procurement are expected to fluctuate depending on natural conditions and conditions in producing regions.」
The company considers fluctuations in the procurement volume and cost of seafood, dairy, livestock, agricultural products, packaging materials and other items to be risks. In the current fiscal year, poor catches of domestically sourced Japanese flying squid and soaring raw material prices actually occurred.