Risk of Rising Raw Material and Fuel Prices and Inadequate Price Pass-Through
First written in FY2016. 21 of 29 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-08-06.
Toray Industries 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: 25 of 36 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Strategic pricing, including price revisions, improvements in the sales mix and a shift to higher-value-added products, progressed steadily, but intensifying price competition in the carbon fiber composite materials business was the main reason that the price variance reduced profit by a total of ¥2.2 billion.」
Although strategic pricing progressed, intensifying price competition in the carbon fiber composite materials business made the overall price variance a ¥2.2 billion factor reducing profit. - FY2026-H1MaterialisedAnnual report
「The Group was also affected by persistently high raw material costs.」
The risk of higher raw material costs materialized during the interim consolidated accounting period as a factor putting downward pressure on earnings in the Medical Products business. - FY2025MitigatedAnnual report
「“Price variance” resulted in a ¥22.2 billion increase in earnings overall, mainly because “strategic pricing,” including price corrections, improvements in the sales mix, and a shift to higher-value-added products, progressed faster than planned.」
In response to the risks of higher raw material and fuel costs and insufficient price pass-through, price revisions, improvements in the sales mix and a shift to higher-value-added products progressed, making the price variance a ¥22.2 billion factor increasing profit. - FY2024MitigatedAnnual report
「The price variance increased profit by a total of ¥24.1 billion, mainly because the benefits of lower raw material costs were captured.」
While higher raw material costs and insufficient price pass-through had put downward pressure on earnings, lower raw material costs contributed ¥24.1 billion to profit growth in the fiscal year. - FY2024-Q3MaterialisedAnnual report
「In the Medical Products business, dialysis equipment was affected by surging raw material and fuel costs, but shipments of dialyzers for hemodiafiltration remained firm in Japan.」
The risk of higher raw material and fuel costs also materialized during the cumulative third-quarter period as a factor putting downward pressure on earnings in the dialysis equipment business. - FY2024-Q2MaterialisedAnnual report
「In the Medical Products business, dialysis equipment was affected by surging raw material and fuel costs.」
The risks of higher raw material and fuel costs and insufficient price pass-through also materialized during the cumulative second-quarter period as factors putting downward pressure on earnings in the dialysis equipment business. - FY2024-Q1MaterialisedAnnual report
「In the Medical Products business, dialysis equipment was affected by surging raw material and fuel costs.」
The risk of higher raw material and fuel costs materialized during the first quarter as a factor putting downward pressure on earnings in the dialysis equipment business. - FY2023MaterialisedAnnual report
「The price variance increased profit by a total of ¥3.3 billion, as the Group proceeded with passing higher raw material and fuel costs through to selling prices despite the rise in raw material and fuel costs from the previous period.」
Higher raw material and fuel costs continued to be reflected in actual results, but price pass-through made the price variance a ¥3.3 billion factor increasing profit. Other cost variances, including elevated transportation expenses, were factors reducing profit by ¥16.7 billion. - FY2023-Q3MaterialisedAnnual report
「During the quarter, fluctuations in raw material and fuel costs, the time lag before price pass-through and inventory adjustments in the supply chain affected profit and loss.」
Fluctuations in raw material and fuel costs and the time lag before price pass-through directly affected profit and loss during the quarter, along with inventory adjustments in the supply chain. - FY2023-Q2MaterialisedAnnual report
「During the quarter, fluctuations in raw material and fuel costs and the time lag before price pass-through affected profit and loss.」
Fluctuations in raw material and fuel costs and the time lag before price pass-through directly affected profit and loss during the quarter. In the Fibers business and other businesses, surging raw material and fuel costs and transportation expenses affected nearly all applications and regions. - FY2023-Q1WorsenedAnnual report
「During the quarter, fluctuations in raw material and fuel costs and the time lag before price pass-through affected profit and loss.」
Elevated raw material and fuel costs and the time lag before price pass-through directly affected profit and loss during the quarter. In the Fibers business and other businesses, surging raw material and fuel costs and transportation expenses affected nearly all applications and regions. - FY2022MaterialisedAnnual report
「The price variance reduced profit by a total of ¥29.1 billion because raw material costs rose from the previous period. Although the Group proceeded with passing the increase through to selling prices, it was unable to fully cover the increase in raw material costs.」
Higher raw material costs and insufficient price pass-through were reflected in actual results as factors reducing profit by a total of ¥29.1 billion in the fiscal year. - FY2022-Q3MaterialisedAnnual report
「The Group was affected by higher raw material costs and, in aerospace applications, by lower build rates for commercial passenger aircraft. However, wind power generation blade applications continued to expand in general industrial applications, while sports applications performed well. The Group also promoted price pass-through.」
Higher raw material costs continued to be reflected in actual results as a factor putting downward pressure on earnings in the carbon fiber composite materials business. Meanwhile, the Group is promoting price pass-through. - FY2022-Q2MaterialisedAnnual report
「The Group was also affected by higher raw material costs.」
The risks of higher raw material costs and insufficient price pass-through continued to materialize as factors putting downward pressure on earnings in the carbon fiber composite materials business. - FY2022-Q1MaterialisedAnnual report
「The Group was also affected by higher raw material costs.」
The risks of higher raw material costs and insufficient price pass-through materialized again during the quarter as factors putting downward pressure on earnings in the carbon fiber composite materials business. - FY2021WorsenedAnnual report
「The Group must consider environmental factors, such as climate change, and social factors, such as human rights, throughout its procurement supply chain, which is subject to risks related to supply stability and price fluctuations. If these supplier risks materialize, or if the Group is unable to fully pass higher raw material and fuel costs through to product prices, or if it is difficult to improve profitability by switching product types, the Group's results and financial position may be adversely affected.」
The Group has broadened the scope of the risk category by adding supplier risks, including climate change, human rights and supply stability, to the risks of raw material and fuel cost fluctuations and insufficient price pass-through. - FY2019MaterialisedAnnual report
「Higher raw material and fuel costs also put downward pressure on the Group's earnings.」
Higher raw material and fuel costs put downward pressure on earnings and reduced operating profit by ¥42.9 billion due to higher raw material costs, increased expenses and other factors. - FY2019-Q3MaterialisedAnnual report
「The Group was also broadly affected by higher raw material costs both in Japan and overseas.」
Higher raw material costs broadly affected the Group's businesses in Japan and overseas, and the risk of fluctuations in raw material and fuel costs continues to be reflected in actual results. - FY2019-Q2MaterialisedAnnual report
「Meanwhile, higher raw material and fuel costs put downward pressure on the Group's earnings.」
Higher raw material and fuel costs continue to be reflected in actual results as a factor putting downward pressure on earnings. - FY2019-Q1MaterialisedAnnual report
「Meanwhile, higher raw material and fuel costs put downward pressure on the Group's earnings.」
Higher raw material and fuel costs continue to put downward pressure on earnings and are cited together with efforts to promote price pass-through. - FY2018MaterialisedAnnual report
「Meanwhile, higher raw material and fuel costs put downward pressure on the Group's earnings.」
Higher raw material and fuel costs actually put downward pressure on earnings, with operating profit showing a ¥54.4 billion decrease due to higher raw material costs, increased operating expenses and other factors. - FY2018-Q2MaterialisedAnnual report
「Raw material and fuel costs in the Group's main businesses rose year on year, partly due to fluctuations in crude oil prices.」
The Group reported that raw material and fuel costs in its main businesses rose year on year against a backdrop of fluctuations in crude oil prices, and the risk of cost fluctuations continues to be reflected in actual results. - FY2018-Q1MaterialisedAnnual report
「Raw material and fuel costs in the Group's main businesses rose year on year, partly due to fluctuations in crude oil prices.」
Higher raw material and fuel costs actually occurred during the quarter, indicating that the risk of fluctuations in those costs had materialized. - FY2017RestatedAnnual report
「The prices of the petrochemical raw materials and fuels used by the Group can fluctuate significantly. If the Group is unable to fully pass higher raw material and fuel costs through to product prices, or if it is difficult to improve profitability by switching product types, the Group's results and financial position may be adversely affected.」
The Group continues to identify fluctuations in raw material and fuel costs and the limits of price pass-through and product switching as major risks. - FY2016First statedAnnual report
「The prices of the petrochemical raw materials and fuels used by the Group can fluctuate significantly. If the Group is unable to fully pass higher raw material and fuel costs through to product prices, or if it is difficult to improve profitability by switching product types, the Group's results and financial position may be adversely affected.」
The Group identifies fluctuations in raw material and fuel costs, and the limits of responding through price pass-through and product switching, as risks.