Commodity Price Volatility Risk for Resources and Chemical Products
First written in FY2016. 20 of 35 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-08-07.
Rasa moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 6 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「Some of the raw materials handled by the Company were affected by longer delivery times resulting from tighter Chinese export controls. As a result, sales in the related businesses were ¥1.379 billion, down ¥48 million, or 3.4%, from the same quarter of the previous fiscal year.」
Longer delivery times resulting from tighter Chinese export controls affected some of the raw materials handled by the Company, leading to lower sales and profit in the resources and metal materials business. - FY2026Market prices remain weak, but some demand has recoveredAnnual report
「In Resources and Metal Materials, the impact of falling market prices for the raw materials handled by the company continued, but demand for some of these materials recovered. As a result, segment revenue was ¥5,549 million, an increase of ¥71 million (1.3%) from the previous fiscal year. However, segment profit was ¥108 million, down ¥69 million (39.2%) from the previous fiscal year, due to higher selling, general and administrative expenses.」
Although the impact of falling market prices continued, revenue increased 1.3% as demand for some materials recovered. However, segment profit declined 39.2%, partly due to higher selling, general and administrative expenses. - 2026-05-14OtherEarnings
「Although the impact of declining market prices for the raw materials handled by the Company continued, demand for some of those raw materials recovered. As a result, sales in the related businesses were ¥5.549 billion, up ¥71 million, or 1.3%, from the previous fiscal year.」
While the impact of declining market prices continued, demand recovered for some of the raw materials handled by the Company. - FY2026-H1WorsenedAnnual report
「In resources and metal materials, segment net sales were ¥2.671 billion, down ¥139 million, or 5.0%, from the same period of the previous year, due to lower orders resulting from stagnant demand for the raw materials handled and the impact of falling market prices. Segment profit fell to ¥51 million as a result of lower sales, down ¥67 million, or 56.5%, year on year.」
Demand for the raw materials handled by the company stagnated and orders declined, while falling market prices added to the impact of fluctuations in product prices and demand, resulting in lower revenue and profit in the Resources and Metal Materials segment. - FY2025WorsenedAnnual report
「In the resources and metal materials business, in addition to fewer orders due to stagnant demand for the raw materials handled by the Company, lower market prices also had an impact. Sales in the related division fell to ¥5,478 million, down ¥963 million (15.0%) from the previous consolidated fiscal year. Segment profit fell to ¥177 million, down ¥221 million (55.5%) from the previous consolidated fiscal year due to lower sales.」
Commodity price and demand fluctuation risk materialised as stagnant demand, fewer orders and lower market prices resulted in a 15.0% decline in sales and a 55.5% decline in profit. - FY2025-H1WorsenedAnnual report
「In the resources and metal materials business, orders declined due to stagnant demand and the impact of the economic slowdown in China, except in some semiconductor-related areas. Sales in the related division fell to ¥2,811 million, down ¥690 million (19.7%) from the same period of the previous year. Segment profit fell to ¥119 million, down ¥136 million (53.3%) year on year due to lower sales.」
Regarding commodity price and demand fluctuation risk, fewer orders due to China's economic slowdown and stagnant demand materialised in FY2025-H1 results as a 19.7% decline in sales and a 53.3% decline in profit. - FY2024WorsenedAnnual report
「In the resources and metal materials business, demand for the raw materials handled by the Company remained weak because it took time to work through excess inventories accumulated as a result of the property market downturn in China and supply chain disruptions. Sales in the related division fell to ¥6,441 million, down ¥1,807 million (21.9%) from the previous consolidated fiscal year. Segment profit fell to ¥399 million, down ¥441 million (52.5%) from the previous consolidated fiscal year due to lower sales.」
Commodity price and demand fluctuation risk materialised in results as excess inventories and weak demand caused by the downturn in China's property market and supply chain disruptions resulted in a 21.9% decline in sales and a 52.5% decline in profit. - FY2024-Q3WorsenedAnnual report
「In resources and metal materials, segment net sales were ¥5.092 billion, down ¥1.121 billion, or 18.1%, from the same quarter of the previous year, due in part to sluggish demand for the raw materials handled by the company. Segment profit fell to ¥334 million as a result of lower sales, down ¥266 million, or 44.4%, year on year.」
Weak demand for the raw materials handled by the Company materialised in actual results through an 18.1% decline in sales and a 44.4% decline in profit in the resources and metal materials business, worsening the impact of commodity price and demand fluctuation risk. - FY2024-Q2WorsenedAnnual report
「In resources and metal materials, segment net sales were ¥3.501 billion, down ¥472 million, or 11.9%, from the same quarter of the previous year, due in part to weakening market conditions for the raw materials handled by the company. Segment profit fell to ¥255 million as a result of lower sales, down ¥62 million, or 19.6%, year on year.」
Weak market conditions for the raw materials handled by the Company materialised in actual results through an 11.9% decline in sales and a 19.6% decline in profit in the resources and metal materials business. - FY2024-Q1WorsenedAnnual report
「Meanwhile, segment profit was ¥153 million, down ¥4 million (2.8%) from the same quarter of the previous year, due mainly to higher purchasing prices resulting from the weaker yen.」
Higher market prices for resources and metal materials led to higher selling prices, while higher purchasing prices resulting from the weaker yen reduced profit, and the impact of price fluctuations materialised as deteriorating profitability. - FY2023MaterialisedAnnual report
「In addition to the global rise in resource prices, foreign exchange fluctuations also had an impact. Market prices for the raw materials handled by the Company rose, and sales in the related division increased to ¥8,249 million, up ¥579 million (7.6%) from the previous consolidated fiscal year.」
Higher resource prices were reflected in full-year results through higher prices for the raw materials handled by the Company, a 7.6% increase in sales in the resources and metal materials business and a 134.4% increase in segment profit. - FY2023-Q3MaterialisedAnnual report
「In resources and metal materials, selling prices rose alongside higher market prices for the raw materials handled by the company. Segment net sales were ¥6.214 billion, up ¥790 million, or 14.6%, from the same quarter of the previous year. Segment profit rose to ¥601 million on higher sales, up ¥487 million, or 426.5%, year on year.」
Higher market prices for the raw materials handled by the Company were reflected in actual results through higher selling prices, a 14.6% increase in sales and a 426.5% increase in profit, demonstrating the materialisation of commodity price fluctuation risk. - FY2023-Q2MaterialisedAnnual report
「In the resources and metal materials business, selling prices rose in line with higher market prices for the raw materials handled by the Company. Sales in the related division increased to ¥3,974 million, up ¥375 million (10.4%) from the same quarter of the previous year.」
Higher market prices for the raw materials handled by the Company were reflected in actual results through higher selling prices and higher segment sales, and commodity price fluctuation risk continued to materialise. - FY2023-Q1WorsenedAnnual report
「In resources and metal materials, global surges in resource prices and sharp foreign-exchange fluctuations contributed to higher market prices for the raw materials handled by the company. Segment net sales were ¥1.946 billion, up ¥106 million, or 5.8%, from the same quarter of the previous year. Segment profit rose to ¥158 million on higher sales, up ¥73 million, or 87.7%, year on year.」
The global surge in resource prices and sharp foreign exchange fluctuations materialised as higher market prices for the raw materials handled by the Company, and price fluctuation risk was reflected in actual results. - FY2022-Q3WorsenedAnnual report
「In addition, because it was difficult to pass the full amount of the sharp increase in costs on to selling prices, segment profit was ¥114 million, an increase of ¥125 million from the same quarter of the previous year, when the segment recorded a loss of ¥11 million.」
Although higher raw material market prices increased sales, the full amount of the sharp increase in costs could not be passed on to selling prices, clearly demonstrating that price fluctuations squeezed margins. - FY2022-Q2MitigatedAnnual report
「In resources and metal materials, production recovered across many manufacturing industries, led by the automotive industry. As market prices for the raw materials handled by the company rose with the recovery in demand, selling prices also increased. Segment net sales were ¥3.599 billion, up ¥1.332 billion, or 58.8%, from the same quarter of the previous year. Segment profit recovered to ¥181 million on higher sales, compared with a ¥6 million loss in the same quarter of the previous year, an improvement of ¥188 million.」
Recovery in raw material demand and market prices increased sales in the resources and metal materials business by 58.8%, and the segment swung from a loss in the same period of the previous year to a profit. The impact of commodity price and demand fluctuation risk was reflected in actual results to a lesser extent than in the previous fiscal year. - FY2021WorsenedAnnual report
「In the resources and metal materials business, some raw materials showed improvement as automobile and steel production recovered, and the business moved toward recovery from the latter part of the second half. However, the recovery was insufficient to offset the substantial decline up to that point. Sales in the related division fell to ¥5,156 million, down ¥1,927 million (27.2%) from the previous consolidated fiscal year. Segment profit was ¥15 million, down ¥191 million (92.5%) from the previous consolidated fiscal year.」
Although demand for some raw materials recovered, the impact of commodity market and demand fluctuations remained for the full year, resulting in a 27.2% decline in sales and a 92.5% decline in segment profit. - FY2021-Q3WorsenedAnnual report
「In the resources and metal materials business, some raw materials showed signs of improvement as automobile production recovered, but demand in other fields remained stagnant, causing sales of major raw materials to fall substantially. Sales in the related division declined to ¥3,724 million, down ¥1,799 million (32.6%) from the same quarter of the previous year. The segment recorded a loss of ¥12 million, compared with profit of ¥174 million in the same period of the previous year, due to lower sales and selling prices.」
Although some raw materials showed signs of improvement, stagnant demand and lower selling prices resulted in a 32.6% decline in sales in the resources and metal materials business, which swung from profit in the same period of the previous year to a loss of ¥12 million. - FY2021-Q2WorsenedAnnual report
「In the resources and metal materials business, concerns about the prolonged economic impact of COVID-19 led to cautious transactions with both domestic and overseas customers, and sales of major raw materials fell substantially. Sales in the related division declined to ¥2,267 million, down ¥1,517 million (40.1%) from the same quarter of the previous year. The segment recorded a loss of ¥6 million, compared with profit of ¥126 million in the same quarter of the previous year, due to lower sales and selling prices.」
In addition to weaker demand for raw materials, lower selling prices contributed to a 40.1% decline in sales in the resources and metal materials business, which swung from profit in the same period of the previous year to a loss of ¥6 million. The impact of fluctuations in commodity prices and demand expanded. - FY2021-Q1WorsenedAnnual report
「In the resources and metal materials business, demand for various raw materials, including silicon metal and zircon sand, declined due to global adjustments and reductions in automobile production caused by COVID-19 and its impact on many related industries. As sales fell substantially, sales in the related division declined to ¥1,173 million, down ¥855 million (42.1%) from the same quarter of the previous year. Segment profit fell to ¥30 million, down ¥37 million (54.8%) year on year, due to the decline in sales.」
Commodity market and demand risks materialised as adjustments and reductions in automobile production caused by COVID-19 led to weaker demand for various raw materials, resulting in a 42.1% decline in sales and a 54.8% decline in segment profit. - FY2020WorsenedAnnual report
「Demand for major products, including zircon sand, was weaker than initially expected, and sales fell below plan.」
Weak demand for major products was reflected in full-year results and the failure to meet the sales target in the medium-term plan, increasing the impact of commodity market and demand risks. - FY2020-Q3WorsenedAnnual report
「In resources and metal materials, in addition to sluggish ceramics market conditions, demand for zircon sand and imported raw materials for the steel and automotive industries fell sharply. Segment net sales were ¥5.523 billion, down ¥1.668 billion, or 23.2%, from the same quarter of the previous year. Segment profit fell to ¥174 million as a result of lower sales, down ¥162 million, or 48.2%, year on year.」
Weak ceramic market conditions and a sharp decline in demand for zircon sand and imported raw materials increased the impact of commodity market and demand risks on results, resulting in a 23.2% decline in sales and a 48.2% decline in profit. - FY2020-Q2WorsenedAnnual report
「In resources and metal materials, zircon sand market conditions in ceramics remained sluggish, compounded by a reaction from the strong performance in the previous period. Segment net sales were ¥3.784 billion, down ¥960 million, or 20.2%, from the same quarter of the previous year. Segment profit fell to ¥126 million as a result of lower sales, down ¥62 million, or 33.1%, year on year.」
Weak and stagnant commodity market conditions continued to materialise in results, with sales in the resources and metal materials business, including zircon sand, down 20.2% and profit down 33.1%. - FY2020-Q1MaterialisedAnnual report
「In resources and metal materials, zircon sand sales were roughly unchanged from the previous period, but weaker market conditions for imported raw materials and silicon metal, among other factors, brought segment net sales to ¥2.028 billion, down ¥438 million, or 17.8%, from the same quarter of the previous year. Segment profit fell to ¥68 million as a result of lower sales, down ¥34 million, or 33.7%, year on year.」
Weak market conditions for imported raw materials and silicon metal affected actual results through a 17.8% decline in sales and a 33.7% decline in profit in the resources and metal materials business. - FY2019-Q3MaterialisedAnnual report
「In resources and metal materials, zircon sand sales declined due to the continuing shortage, but demand for imported raw materials, including zirconia, remained firm. Segment net sales were ¥7.192 billion, up ¥408 million, or 6.0%, from the same quarter of the previous year. Segment profit was ¥337 million, up ¥34 million, or 11.4%, year on year, reflecting progress in improving sales efficiency.」
Lower sales due to the shortage of zircon sand and firm demand for imported raw materials such as zirconia affected results simultaneously. The impact of price and supply-demand fluctuations differed by product. - FY2019-Q2MaterialisedAnnual report
「In resources and metal materials, firm demand for imported raw materials continued, and segment net sales were ¥4.745 billion, up ¥178 million, or 3.9%, from the same quarter of the previous year. Segment profit was ¥189 million, up ¥1 million, or 0.7%, year on year, due in part to the moderate rise in prices of imported raw materials, including zirconia.」
Higher prices for imported raw materials were reflected in results as a factor increasing segment profit, and the impact of commodity price fluctuations continued to materialise. - FY2019-Q1MaterialisedAnnual report
「In the resources and metal materials business, demand for zircon and imported raw materials remained firm. Sales in the related division increased to ¥2,467 million, up ¥308 million (14.3%) from the same quarter of the previous year. Segment profit was ¥102 million, up ¥11 million (12.8%) year on year, due mainly to higher zircon prices, despite a downward trend in silicon metal prices.」
Lower silicon metal prices and higher zircon prices affected results simultaneously, and the impact of commodity price fluctuation risk continued to be reflected in actual performance. - FY2018-Q3MaterialisedAnnual report
「In the resources and metal materials business, the impact of continued changes in conditions in China caused domestic sales of silicon metal to become increasingly difficult, reducing both volumes and sales value. However, imported raw materials offset this decline, while zircon sand remained in short supply and prices remained stable. Sales in the related division rose to ¥6,783 million, up ¥148 million (2.2%) from the same quarter of the previous year. Segment operating profit was ¥302 million, up ¥418 million year on year, compared with a loss of ¥115 million in the same quarter of the previous year.」
Lower volumes and sales value of silicon metal and the shortage and stable pricing of zircon sand affected results simultaneously. The way price fluctuation risk materialised differed by product, while the segment as a whole recorded higher sales and profit. - FY2018-Q2MaterialisedAnnual report
「In the resources and metal materials business, silicon metal was affected by changes in conditions in China, and domestic sales became increasingly difficult, resulting in declines in both volume and sales value. However, zircon sand prices began to rise amid shortages, and sales in the related division increased to ¥4,567 million, up ¥158 million (3.6%) from the same quarter of the previous year. Segment operating profit rose to ¥188 million, up ¥276 million year on year, compared with a loss of ¥88 million in the same quarter of the previous year, due to higher zircon sand prices.」
Declines in silicon metal volumes and sales value and higher zircon sand prices had a tangible impact on sales and profit in the resources and metal materials business. The impact of price fluctuations also differed by product. - FY2018-Q1MaterialisedAnnual report
「In the resources and metal materials business, zircon sand prices were relatively stable, but sales in the related division fell to ¥2,159 million, down ¥224 million (9.4%) from the same quarter of the previous year, due mainly to lower volumes and prices of silicon metal. Segment operating profit was ¥90 million, up ¥63 million (228.1%) year on year, as zircon sand prices rose amid expectations of future shortages.」
Resource price fluctuation risk affected actual results through a 9.4% decline in sales caused by lower volumes and prices of silicon metal. Meanwhile, segment operating profit increased as zircon sand prices rose, showing that the impact differed by product. - FY2017WorsenedAnnual report
「In the resources and metal materials business, global political turmoil and other factors spilled over into the real economy, causing resource demand to decline broadly. Sales in the related division fell to ¥9,303 million, down ¥1,346 million (12.6%) from the previous year. Segment operating profit was a loss of ¥132 million amid difficult conditions, including margin compression caused by weak resource demand, compared with a loss of ¥5 million in the previous year.」
Weak resource demand was reflected in full-year results, with sales down 12.6% and a segment operating loss of ¥132 million. - FY2017-Q3WorsenedAnnual report
「In the resources and metal materials business, although resource prices appeared to be bottoming out, demand was weak. Sales in the related division fell to ¥6,634 million, down ¥1,139 million (14.7%) from the same quarter of the previous year. Segment operating profit was a loss of ¥95 million, as resource prices remained depressed, compared with profit of ¥137 million in the same period of the previous year.」
Weak demand, in addition to depressed resource prices, was evident. Sales declined 14.7% year on year, and segment operating profit deteriorated from profit of ¥137 million in the same period of the previous year to a loss of ¥95 million. - FY2017-Q2WorsenedAnnual report
「In the resources and metal materials business, although resource prices appeared to be bottoming out, they remained low and stable. Sales in the related division fell to ¥4,408 million, down ¥785 million (15.1%) from the same quarter of the previous year. Segment operating profit was a loss of ¥67 million, as the resources business continued to face difficult conditions, compared with profit of ¥103 million in the same period of the previous year.」
Persistently low and stable resource prices caused sales to decline 15.1% year on year, while segment operating profit deteriorated from profit of ¥103 million in the same period of the previous year to a loss of ¥67 million. The impact of price fluctuation risk on results expanded further. - FY2017-Q1MaterialisedAnnual report
「In the resources and metal materials business, although sales volumes did not change significantly, sales in the related division fell to ¥2,383 million due mainly to lower resource prices, a decrease of ¥164 million (6.5%) from the same quarter of the previous year. Segment operating profit was ¥37 million, down ¥15 million (29.4%) year on year, due to lower selling prices.」
The previously identified risk of resource price fluctuations affected actual results, with sales down 6.5% and segment operating profit down 29.4% due to lower resource and selling prices. - FY2016First statedAnnual report
「The resources, metal materials and chemical products handled by the Group are exposed to commodity price risk arising from market fluctuations.」
The Company disclosed that market fluctuations in resources, metal materials and chemical products could affect its results. It also described mitigation measures, including shortening inventory holding periods and negotiating sales volumes in advance.