Volatility in Petrochemical Feedstock and Fuel Prices and Insufficient Pass-Through to Product Prices
First written in FY2016. 15 of 28 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-08-06.
Unitika moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2021: 19 of 29 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「One of the priority issues to address in the fiscal year ending March 2027 is responding to higher raw material and fuel prices against the backdrop of the situation in the Middle East. While raw material and fuel prices remain persistently high, the company will continue to appropriately pass costs through to sales prices and strive to maintain and secure earnings while closely monitoring market conditions and cost trends.」
The company identified, as a priority issue for the fiscal year ending March 2027, price increases driven by the situation in the Middle East in addition to persistently high raw material and fuel prices, and emphasized the need for cost pass-through. - 2026-05-26WorsenedPresentation materials on financial results
「中東情勢の緊迫化に伴う原燃料価格の上昇に対し、コストダウンや生産性向上等の合理化に加え、高付加価値・高機能製品の拡販、不採算販売の見直し、価格改定等を実施し、営業利益への影響を最小限に抑制する方針。」
中東情勢の緊迫化に伴う原燃料価格上昇と、将来的な調達の不確実性が新たな先行き要因として示された。対応策として合理化、価格改定、販売構成の見直しが併記されている。 - FY2026-H1RestatedAnnual report
「In the polymer business segment, sales remained generally steady as market conditions in each field and application recovered. Earnings also improved due to the effects of cost reduction measures and product price revisions.」
The company continues to pursue earnings improvement by advancing cost reductions and product price revisions in response to higher raw material and fuel prices and other cost increases. - FY2025Earnings improvement through price revisions and higher operating ratesAnnual report
「In the polymer business segment, while raw material and fuel prices remained high, the recovery in sales volume improved plant operating rates. Together with the effects of cost reduction measures, this reduced manufacturing costs, and earnings improved after price revisions were implemented for each product.」
Although raw material and fuel prices remain persistently high, earnings in the polymer business improved through the recovery in sales volume, higher plant operating rates, cost reductions and price revisions. - FY2025-H1The effects of price revisions and cost reductions coexisted with insufficient cost pass-throughAnnual report
「The company also implemented price revisions against the backdrop of soaring raw material and fuel prices. In terms of profit, higher costs resulting from the weaker yen had a significant impact, and the increase in costs exceeded the benefits of price revisions.」
In the polymer business, profitability improved after price revisions were implemented against the backdrop of higher raw material and fuel prices. In the fiber business, however, higher costs due to the weaker yen exceeded the benefits of price revisions, leaving the risk of insufficient cost pass-through. - FY2024MaterialisedAnnual report
「The polymer business segment experienced lower sales volume due to sluggish downstream demand and inventory adjustments within the supply chain. Although the company implemented product price revisions, the impact of persistently high raw material and fuel prices and higher costs associated with production cuts outweighed them, causing earnings to deteriorate.」
Persistently high raw material and fuel prices and higher costs associated with production cuts were reflected in the polymer business's full-year results as deteriorating earnings that could not be absorbed through price revisions. - FY2024-Q2MaterialisedAnnual report
「In the polymer business segment, the company implemented price revisions in response to persistently high raw material and fuel prices, but sales volume declined in many applications. The resulting decline in production volume caused earnings to deteriorate, resulting in higher revenue but lower profit.」
Persistently high raw material and fuel prices materialized in the polymer business as deteriorating earnings through cost increases that could not be fully absorbed by price revisions and lower production volume. - FY2024-Q1MaterialisedAnnual report
「In terms of operating profit, in addition to lower sales, higher costs due to soaring energy prices and the weaker yen had a significant impact, far exceeding the effects of price revisions and cost reductions, resulting in an operating loss of ¥676 million, compared with profit of ¥987 million in the same quarter of the previous year.」
Higher costs from soaring energy prices and the weaker yen could not be absorbed through price revisions and cost reductions, and materialized in the results as an operating loss of ¥676 million. - FY2023WorsenedAnnual report
「The products handled by the polymer and synthetic fiber businesses of the Group are primarily made by processing chemical raw materials refined from naphtha. If the Group cannot promptly absorb fluctuations in the purchase prices of petrochemical raw materials and fuel, including heavy fuel oil and natural gas used at its plants and other facilities, through pass-through to product prices or internal efforts such as productivity improvements, and cannot secure sufficient spreads, fluctuations in the prices of each raw material and fuel may affect the Group's business results and financial condition.」
The impact of soaring raw material and fuel prices materialized across the polymer, functional materials and fiber businesses, and operating profit declined significantly as price revisions failed to offset higher costs. - FY2023-Q3MaterialisedAnnual report
「In the polymer business segment, previously solid demand stagnated, while the effects of soaring raw material and fuel prices and the weaker yen coincided. Although the company undertook price revisions, it was forced to struggle due to substantial cost increases.」
Higher costs resulting from soaring raw material and fuel prices and the weaker yen are reflected in the polymer business's earnings as substantial cost increases that could not be fully absorbed through price revisions. - FY2023-Q2MaterialisedAnnual report
「In the polymer business segment, the company undertook price revisions in response to higher costs resulting from soaring raw material and fuel prices, among other factors, but struggled in terms of earnings.」
Higher costs from soaring raw material and fuel prices are reflected in the polymer business's results as deteriorating earnings that could not be fully absorbed through price revisions. - FY2023-Q1MaterialisedAnnual report
「The company was unable to offset the impact of persistently high raw material and fuel prices and higher costs from the weaker yen through price revisions and cost reductions, and profit declined 53.2% to ¥987 million.」
Higher costs due to persistently high raw material and fuel prices could not be absorbed through price revisions and cost reductions, resulting in a 53.2% decline in operating profit. - FY2022-Q3MaterialisedAnnual report
「The polymer business segment was negatively affected by higher raw material and fuel prices, but demand recovered throughout the period from the previous year's decline caused by COVID-19, and sales increased.」
The impact of higher raw material and fuel prices continues to be reflected in the polymer business segment's results as a negative factor, and raw material and fuel price volatility and cost absorption risks have materialized. - FY2022-Q2MaterialisedAnnual report
「The polymer business segment was negatively affected by higher raw material and fuel prices, disruptions in maritime logistics, and restrictions on activities associated with the spread of COVID-19. However, demand recovered throughout the period from the previous year's decline caused by COVID-19, and sales remained firm.」
Higher raw material and fuel prices and disruptions in maritime logistics are reflected in the polymer business's results as negative factors, and price volatility and cost absorption risks continue to materialize. - FY2022-Q1MaterialisedAnnual report
「In the film business, although results were affected by higher raw material prices, sales volume increased and performance remained strong. In the resin business, although results were affected by higher raw material prices, automotive applications remained firm and electrical and electronic applications also performed well.」
The impact of higher raw material prices is reflected in the results of the film and resin businesses. Company-wide profit increased on solid sales volume and demand, but raw material price volatility risk continues to materialize. - FY2020MaterialisedAnnual report
「In the industrial textiles business, some areas, including civil engineering and construction applications for polyester high-tenacity yarn, had firm sales, but staple fiber, composite fibers and other products were generally weak. Earnings also deteriorated due to cost increases and other factors.」
Higher costs for raw materials and fuel are reflected in the fiber business's full-year results as deteriorating earnings, and cost risks that cannot be absorbed through price pass-through and internal efforts continue to materialize. - FY2019-Q3MaterialisedAnnual report
「Across the polymer business, cost factors such as higher raw material and fuel prices had a significant impact, and earnings declined.」
The impact of higher raw material and fuel prices continues to be reflected in the polymer business's results as lower earnings. - FY2019-Q2RestatedAnnual report
「As a result, company-wide revenue increased, but profit declined due to the impact of soaring raw material and fuel prices, among other factors.」
The impact of soaring raw material and fuel prices continues to be reflected in the results of each polymer business as lower profit. - FY2019-Q1MaterialisedAnnual report
「The polymer business as a whole was significantly affected by higher raw material and fuel prices, among other factors.」
The company states that higher raw material and fuel prices significantly affected the polymer business's earnings, and the impact of price volatility risk continues to be reflected in results. - FY2018MaterialisedAnnual report
「As a result, company-wide revenue increased, but profit declined, partly due to higher raw material and fuel prices.」
The impact of higher raw material and fuel prices is reflected in the polymer business's full-year results as a decline in profit. - FY2018-Q2MaterialisedAnnual report
「Earnings declined, partly due to the impact of higher raw material and fuel prices.」
The impact of higher raw material and fuel prices has materialised in the current-period results as lower earnings. - FY2018-Q1MaterialisedAnnual report
「Overall earnings in the Polymer Business declined, due in part to the impact of higher raw material prices.」
Higher raw material prices have materialised in the results as a decline in earnings in the Polymer Business, demonstrating the impact of the risk from fluctuations in raw material and fuel prices. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there were no material changes to the risk concerning fluctuations in petrochemical raw material and fuel prices and insufficient pass-through to product prices. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there were no material changes to the risk concerning fluctuations in petrochemical raw material and fuel prices and insufficient pass-through to product prices. It also explains that raw material and fuel prices remained low during the quarter, contributing to earnings. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there were no material changes to the risk of fluctuations in petrochemical raw material and fuel prices. - FY2016First statedAnnual report
「If the Group is unable to absorb fluctuations in the purchase prices of petrochemical raw materials and fuels through timely pass-through to product prices or internal efforts such as productivity improvements, and cannot secure sufficient spreads, fluctuations in the prices of individual raw materials and fuels may affect the Group’s operating results and financial condition.」
Risk arising from the Polymer Business and Synthetic Fibres Business relying on chemical raw materials derived from naphtha and on heavy oil, natural gas and other inputs.