Dependence on Overseas Raw Materials and Exchange-Rate Fluctuations
First written in FY2017. 3 of 11 entries say "Restated". Latest entry: FY2026.
Natori moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 43 of 76 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Approximately 60% of our raw materials are sourced from overseas. Approximately 40% are particularly exposed to the impact of foreign exchange fluctuations.」
While maintaining the recognition of approximately 60% overseas dependence and approximately 40% foreign exchange exposure, the disclosure added sharp foreign exchange fluctuations resulting from U.S. trade policy as a new factor. - 2026-05-13RestatedResults
「利益面では、為替円安を含む原材料価格の上昇に加え、物流・動力燃料費の増加、人材確保のための賃上げを含む前向きな投資等を想定しておりますが、」
為替円安を含む原材料価格上昇を、次期の利益面の前提として継続記載した。 - FY2025-H1RestatedAnnual report
「Higher costs due to the weakening yen and the further impact of rising raw material prices.」
The weakening yen continues to be cited as a factor driving higher raw material costs. - FY2023Further specified measures to address foreign exchange risk.Annual report
「Although we work to minimize foreign exchange risk by establishing a purchasing structure denominated in multiple currencies for each raw material, bringing the procurement sources for some raw materials back to Japan, and expanding exports overseas, the risk remains with our company.」
While maintaining the recognition of approximately 60% overseas dependence and approximately 40% foreign exchange exposure, the disclosure added and specified multiple-currency purchasing, bringing procurement sources back to Japan, and expanding exports as countermeasures. - FY2023-Q3WorsenedAnnual 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.」
The disclosure specified that the yen had temporarily weakened to the ¥150 range and stated that the impact of raw material cost risks associated with overseas procurement and foreign exchange fluctuations had become significant. - FY2023-Q2WorsenedAnnual report
「In response to yen depreciation beyond expectations and higher raw material prices, we will continue to work on launching new products and stimulating the market to recover sales, while thoroughly improving the product mix and making further cost reductions through our own efforts. We will also proceed with further changes to net contents and price revisions, aiming to restore profits at an early stage.」
The yen’s weakening was described as exceeding expectations, and, together with rising raw material prices, was identified as a risk requiring additional measures. - FY2023-Q1WorsenedAnnual report
「In addition to rising energy prices associated with Russia's invasion of Ukraine, soaring global raw material prices and the rapid depreciation of the yen, the scale and timing of the end of the impact of the COVID-19 pandemic cannot be foreseen. Uncertainty about the outlook therefore continues, and the impact is expected to continue during the current consolidated fiscal year.」
The disclosure stated that, regarding risks related to dependence on overseas raw materials and foreign exchange fluctuations, the yen was rapidly weakening and global raw material prices were rising sharply, with the impact continuing. - FY2020Further specified measures to address foreign exchange risk.Annual report
「Although we work to minimize foreign exchange risk by establishing a purchasing structure denominated in multiple currencies for each raw material and expanding exports overseas, the risk remains with our company.」
In addition to the existing recognition of approximately 60% dependence on overseas raw materials and approximately 40% foreign exchange exposure, a purchasing structure denominated in multiple currencies was added as a countermeasure. - FY2019RestatedAnnual report
「Approximately 60% of our raw materials are sourced from overseas. Approximately 40% are particularly exposed to the impact of foreign exchange fluctuations. Although we work to minimize foreign exchange risk, including by expanding exports overseas, the risk remains with our company. We also invest in a joint venture engaged in production and sales in China.」
The disclosure restated the figures of approximately 60% dependence on overseas raw materials and approximately 40% foreign exchange exposure, and described expanded overseas exports as a measure to reduce foreign exchange risk. - FY2018Added investment risk relating to a Chinese joint venture.Annual report
「Approximately 60% of our raw materials are sourced from overseas. Approximately 40% are particularly exposed to the impact of foreign exchange fluctuations. Although we work to minimize foreign exchange risk, the risk remains with our company. We also invest in a joint venture engaged in production and sales in China.」
The disclosure restated the figures for dependence on overseas raw materials and foreign exchange exposure, and identified the risks associated with investment in a joint venture engaged in production and sales in China. - FY2017First statedAnnual report
「Approximately 60% of our raw materials are sourced from overseas. Approximately 40% are particularly exposed to the impact of foreign exchange fluctuations. Although we work to minimize foreign exchange risk, the risk remains with our company.」
The company quantifies its exposure to foreign exchange risk, with approximately 60% of raw materials sourced overseas and approximately 40% affected by foreign exchange fluctuations.