Risk of Being Unable to Pass Through Changes in Private-Label Product Procurement Prices to Selling Prices
First written in FY2017. 20 of 26 entries say "Restated". Latest entry: FY2027-H1.
Asahi moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2021: 18 of 27 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「During the current interim accounting period, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among the matters relating to the business and accounting conditions described in the interim report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no new developments or material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2025RestatedAnnual report
「The company seeks to flexibly change sales prices in response to procurement cost fluctuations that cannot be fully absorbed through its own efforts. However, its gross profit margin may be affected if there are periods when sufficient adjustment cannot be made due to timing differences between procurement and sales, or if procurement costs fluctuate beyond expectations.」
The company has continued to disclose the impact on margins if changes in purchase prices cannot be reflected in selling prices, as well as its policy of responding by changing selling prices flexibly. - FY2025-H1RestatedAnnual report
「During the current interim accounting period, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among the matters relating to the business and accounting conditions described in the interim report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no new developments or material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
It states that there has been no new occurrence or material change in the risk of being unable to pass changes in procurement prices through to selling prices. - FY2023WorsenedAnnual report
「Gross profit increased because sales exceeded the previous year as a result of securing popular products such as electric-assist bicycles and standard bicycles and responding to demand for repairs and maintenance. However, sales prices were revised gradually to reflect higher procurement prices while carefully monitoring market trends, and the revisions did not fully offset the increase in procurement prices, resulting in a lower gross profit margin.」
Although the company gradually passed higher procurement prices on to selling prices, it was unable to fully offset the increases, resulting in a decline in the gross profit margin. - FY2023-Q3WorsenedAnnual report
「In light of purchase-price increases exceeding the range that can be absorbed through corporate efforts, the company raised selling prices twice, in February and August. It also worked to secure inventory by using logistics warehouses and stores located in major regions nationwide in response to longer lead times.」
As increases in purchase prices exceeded the range that could be absorbed through the Company’s own efforts, it raised selling prices twice, in February and August. - FY2023-Q1WorsenedAnnual report
「This is considered to have been affected by factors including higher bicycle procurement costs resulting from soaring resource and ocean freight costs, as well as the price increases implemented by bicycle manufacturers.」
Higher resource and ocean freight costs raised purchase prices, leading manufacturers to increase their selling prices. Risk factors related to fluctuations in purchase prices and the passing through of costs have become more concrete. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
It states that there have been no material changes in the risk of being unable to fully pass changes in procurement prices for private-brand products through to selling prices. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
It states that there have been no material changes in the risk of being unable to fully pass changes in procurement prices for private-brand products through to selling prices. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2021MitigatedAnnual report
「Accordingly, the company makes timely model changes while considering the balance between the performance and functionality of parts and their prices, thereby maintaining appropriate prices.」
As a measure to address the risk of being unable to fully adjust sales prices for changes in procurement costs, the company cites timely model changes that take into account the balance between performance, functionality and price. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no newly arising business or other risks. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of being unable to fully pass changes in procurement prices for private-brand products through to selling prices. - FY2020RestatedAnnual report
「However, if there are periods when sufficient price pass-through is not possible because of a gap between the timing of procurement and sales, or if procurement prices fluctuate beyond expectations, the Company's gross profit margin may be affected.」
The company continues to identify the impact on profit margins of being unable to fully pass higher purchase prices on to selling prices as a risk. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2019RestatedAnnual report
「However, if there are periods when sufficient price pass-through is not possible because of a gap between the timing of procurement and sales, or if procurement prices fluctuate beyond expectations, the Company's gross profit margin may be affected.」
The company continues to identify the impact on profit margins of being unable to adequately pass fluctuations in procurement prices on to selling prices as a risk. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of being unable to fully pass changes in procurement prices for private-brand products through to selling prices. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the risk of being unable to fully pass changes in procurement prices for private-brand products through to selling prices. - FY2019-Q1MitigatedAnnual report
「Although gross profit was expected to decline due to lower margins resulting from higher personnel and raw material costs, it exceeded the previous year as negotiations with production partners minimized cost increases and price revisions became fully reflected in sales.」
The company states that negotiations with suppliers and the increased penetration of selling-price revisions limited the impact of declining profit margins caused by higher purchase and raw-material prices. - FY2018RestatedAnnual report
「However, if there are periods when sufficient price pass-through is not possible because of a gap between the timing of procurement and sales, or if procurement prices fluctuate beyond expectations, the Company's gross profit margin may be affected.」
The company continues to identify the impact on profit margins of being unable to adequately pass fluctuations in procurement prices on to selling prices as a risk. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no newly arising business or other risks. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes concerning the risk of being unable to pass fluctuations in the purchase prices of private-label products on to selling prices. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative second quarter. There were also no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material changes regarding the risk of being unable to pass fluctuations in procurement prices for private-label products on to selling prices. - FY2017First statedAnnual report
「However, if there are periods when sufficient price pass-through is not possible because of a gap between the timing of procurement and sales, or if procurement prices fluctuate beyond expectations, the Company's gross profit margin may be affected.」
The company states its policy of flexibly changing selling prices in response to fluctuations in purchase prices, while identifying timing differences in passing on costs and larger-than-expected price fluctuations as risks to profit margins.