Company-wide cost inflation risks from higher resource and raw material prices, international shipping disruptions, and yen depreciation
First written in FY2022. 6 of 9 entries say "Worsened", first in FY2023-Q1. Latest entry: FY2026.
Shinyei Kaisha moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 15 of 21 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In addition to higher import costs, affected by persistently high raw material costs and the long-term trend of yen depreciation, labour and logistics costs also continued to rise. Concerns increased that developments in US trade policy and heightened tensions in the Middle East could weigh on economic activity, and uncertainty nevertheless continued.」
Raw material costs, import costs, yen depreciation, labour costs and logistics costs continued to rise, joined by concerns that US trade policy and conditions in the Middle East could weigh on economic activity. - FY2026-H1WorsenedAnnual report
「In addition to higher import costs, affected by persistently high raw material costs and the long-term trend of yen depreciation, labour and logistics costs also continued to rise. Concerns increased that developments in US trade policy could weigh on economic activity, and uncertainty nevertheless continued.」
Raw material costs, import costs, yen depreciation, labour costs and logistics costs continued to rise, joined by concerns that US trade policy could weigh on economic activity. Company-wide cost pressures have not improved. - FY2025-H1WorsenedAnnual report
「Japan's economy remained uncertain. Capital investment continued to trend upward, inbound demand expanded, and consumer spending remained on a moderate recovery path. Meanwhile, import costs rose due to persistently high raw material prices and the impact of the weaker yen, concerns over higher crude oil prices intensified, and personnel and logistics costs continued to increase.」
As higher resource and raw material prices, yen depreciation, and rising logistics and labour costs continue, concerns over surging crude oil prices have been newly emphasised. Factors supporting a recovery in demand are present, but company-wide cost pressures have not improved. - FY2024-Q2RestatedAnnual report
「Japan's economy remained in a difficult situation. Capital investment continued to trend upward, consumer spending continued to recover gradually as activity restrictions imposed to combat COVID-19 were lifted, and inbound demand also continued to recover. Meanwhile, inflationary pressures intensified as import costs rose due to higher resource and raw material prices and the weaker yen, while personnel and logistics costs also continued to increase.」
While factors supporting a recovery in demand are present, company-wide cost pressures continue due to higher resource and raw material prices, yen depreciation, import costs, and rising wages and logistics costs. - FY2024-Q1WorsenedAnnual report
「Japan's economy remained in a difficult situation. Capital investment continued to trend upward, and consumer spending and inbound demand continued to recover as activity restrictions imposed to combat COVID-19 were lifted. Meanwhile, inflationary pressures intensified as import costs rose due to higher resource and raw material prices and the weaker yen, while wage and logistics costs also continued to increase.」
In addition to the previous factors of higher resource and raw material prices, yen depreciation and rising logistics costs, wage increases were identified as a company-wide cost driver. Demand is recovering, but inflationary pressures continue. - FY2023-Q3RestatedAnnual report
「Japan's economy remained in a difficult situation. Capital investment continued to trend upward, and consumer spending showed signs of recovery as activity restrictions imposed to combat COVID-19 were eased. Meanwhile, import costs rose as surging crude oil and raw material prices were compounded by a sharp depreciation of the yen, and logistics costs also continued to increase, intensifying inflationary pressures.」
While capital investment and personal consumption provide support for recovery, company-wide cost pressures continue as a result of higher crude oil prices, a sharp depreciation of the yen, and rising import and logistics costs. - FY2023-Q2WorsenedAnnual report
「Japan's economy remained in a difficult situation. Capital investment continued to trend upward, and consumer spending showed signs of recovery as activity restrictions imposed to combat COVID-19 were eased. However, import costs rose as surging crude oil and raw material prices were compounded by a sharp depreciation of the yen, while logistics costs also continued to increase.」
While the recovery in capital investment and personal consumption provides support, higher crude oil and raw material prices, disruptions to international transport and higher import costs caused by the sharp depreciation of the yen continue, with company-wide cost pressures remaining a negative factor. - FY2023-Q1WorsenedAnnual report
「Japan's economy remained in a difficult situation. Exports and capital investment continued to trend upward, and consumer spending showed signs of recovery as activity restrictions imposed to combat COVID-19 were eased. However, surging crude oil prices and raw material costs, disruption to international transportation, and a sharp depreciation of the yen caused import costs to rise.」
Higher crude oil and raw material prices, disruptions to international transport, higher freight rates and a sharp depreciation of the yen continue to drive higher costs across the domestic economy. - FY2022First statedAnnual report
「The outlook for the global economy remains difficult to predict as the COVID-19 pandemic has yet to come fully under control. The economy has been significantly affected by higher resource prices, including crude oil, soaring raw material costs, disruptions to international transport and higher freight rates. In Japan, the yen’s depreciation has also contributed to rising consumer prices, further increasing uncertainty over future consumer spending trends.」
Cost increases previously described for individual businesses such as food and textiles were consolidated as company-wide operating-environment risks arising from higher resource and raw material prices, disruptions to international transport and higher freight rates, and yen depreciation. The Company states that these factors actually put pressure on profits in the food-related and other businesses.