Risk of an Economic Downturn Due to Supply-Side Constraints and Raw Material Prices
First written in FY2022-Q3. 6 of 13 entries say "Materialised", first in FY2022. Latest entry: 2026-10-09.
Shirohato 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: 9 of 17 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- 2026-10-09RestatedEarnings
「In the innerwear market, consumer demand driven by growing health consciousness and an emphasis on comfort and functionality has remained firm, but price sensitivity is high, making further optimization of the balance between product appeal and pricing increasingly necessary.」
The challenging business environment in the innerwear market was reconfirmed amid high price sensitivity and difficult cost and pricing conditions. - FY2027-H1RestatedAnnual report
「In the innerwear market, a difficult business environment continues because raw material prices remain elevated, partly against the backdrop of the weaker yen.」
It was reaffirmed that the difficult business environment in the innerwear market continues because raw material prices remain elevated against the backdrop of the weaker yen. - FY2026-H1RestatedAnnual report
「In the innerwear market, a difficult business environment continues because raw material prices remain elevated, partly against the backdrop of the weaker yen.」
Raw material prices have remained elevated against the backdrop of the weaker yen, reaffirming the difficult business environment in the innerwear market. - FY2025RestatedAnnual report
「In addition to the continued impact of higher raw material and transportation costs, the uncertain situation is expected to persist due to risks including financial-market volatility and overseas developments.」
The continued increase in raw material and transportation costs was stated, reaffirming supply and cost-increase risks. - FY2025-Q1MaterialisedAnnual report
「Profit margins remained flat year on year as costs rose due to the weaker yen and other factors, offset by growth in high-margin products. In the Laviadue division, which has a relatively large number of brands favored by younger consumers, sales in the division remained sluggish at 91.6% year on year because responses to competitors' price cuts and the pass-through of procurement costs to sales prices were delayed.」
Continued cost inflation due to the weaker yen and other factors, together with delayed responses to competitors' price cuts and delayed pass-through of procurement costs to sales prices, materialized as sales in the Laviadue division falling to 91.6% year on year. - FY2024MaterialisedAnnual report
「In addition to the continued rise in purchase costs resulting from the weaker yen and higher raw material and transportation costs caused by surging crude oil prices, concerns about further increases in shipping charges due to the 2024 logistics problem mean that uncertain conditions are expected to persist.」
Continued increases in raw material and transportation costs due to the weaker yen and higher crude oil prices, as well as concerns about additional freight increases arising from the 2024 logistics problem, were described as actual business-environment factors. - FY2024-Q2MaterialisedAnnual report
「The company cautiously proceeded with passing higher procurement costs through to prices, alongside various measures including coupons, influencer marketing and live events, although」
Higher procurement costs actually occurred and are being addressed through a combination of promotional measures and passing the increases through to selling prices. - FY2024-Q1MaterialisedAnnual report
「As a result of carefully proceeding to pass increases in purchase costs on to prices alongside various measures, including coupon initiatives,」
Higher procurement costs actually occurred and are being addressed through various measures and by passing the increases through to selling prices. The risk of higher costs continued to materialize. - FY2023-Q3MaterialisedAnnual report
「At our company, delays in the arrival of our main national-brand (NB) products and private-label (PB) products due to the impact of COVID-19 have continued. At the same time, we have been offsetting the substantial increase in purchase prices for both NB and PB products resulting from higher raw material prices and the sharp depreciation of the yen through various measures, while carefully proceeding to pass these increases on to selling prices.」
It was stated that, in addition to supply constraints, significant increases in the procurement prices of NB and PB products due to higher raw material prices and the rapid depreciation of the yen had actually occurred. - FY2023-Q2WorsenedAnnual report
「In addition, cost increases caused by the unavoidable rise in product costs and material prices due to the rapid depreciation of the yen are making the situation difficult.」
In addition to supply-side constraints and raw material price risks, increases in product costs and material prices due to the rapid depreciation of the yen were identified as cost-increase factors. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan’s economy showed signs of recovery, but the outlook has become increasingly uncertain amid the prolonged situation in Ukraine, restrictions on economic activity in China, and rising raw material prices and supply constraints resulting from the sharp depreciation of the yen.」
In addition to supply-side constraints and trends in raw material prices, the external environment was described as being affected by a rapid depreciation of the yen, the prolonged situation in Ukraine and China's curbs on economic activity. - FY2022MaterialisedAnnual report
「In domestic sales, the lockdowns in overseas production countries caused by the impact of the coronavirus pandemic resulted in significant delays in the arrival of products from NB manufacturers, although」
The lockdowns in production countries, which had been identified as a supply-side constraint, actually occurred in the form of significant delays in the arrival of NB manufacturers' products. - FY2022-Q3First statedAnnual report
「Looking ahead, economic conditions are expected to recover as economic and social activity normalizes, supported by the effects of various policies and an improvement in overseas economies. However, close attention must be paid to downside risks from supply-side constraints and trends in raw material prices.」
Supply-side constraints and trends in raw material prices were identified for the first time as risks that could cause the economy to undershoot.