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Inaba Seisakusho (3421) · RiskRestated

Surging Prices of Raw Materials, Including Steel Sheet

First written in FY2016. 16 of 33 entries say "Restated". Latest entry: 2026-09-30.

33entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2024 – FY20252016: 12017: 220172018: 420182019: 320192020: 420202021: 320212022: 420222023: 320232024: 320242025: 220252026: 42026
Same theme, other companies
Difficulty Passing Through Higher Steel Raw Material Prices and Deteriorating ProfitabilityA theme 34 companies write about · 34 as a headwind · 0 as a tailwind

Inaba Seisakusho moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).

The whole theme swung hardest in 2021: 13 of 28 companies on the "Worse" side.

6 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 34 companies compared. The sentences above are computed from all 34.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「In addition, prices for various materials and logistics costs continued to surge.」

    With prices for various materials continuing to surge, the environment remains one in which cost reductions and price revisions are needed to absorb higher purchase prices.
  2. FY2025WorsenedAnnual report

    「During the current consolidated fiscal year, material prices remained in a high-price range above the previous fiscal year’s level due to the impact of higher purchase prices.」

    Material prices remained in a high-price range, rising further above the previous fiscal year’s level after having remained elevated, and became a factor behind lower profit through higher purchase unit prices and a higher cost ratio.
  3. FY2025-H1WorsenedAnnual report

    「During the interim consolidated accounting period, prices for materials including steel remained above the level in the corresponding period of the previous fiscal year.」

    Prices for materials including steel were above the level in the corresponding period of the previous fiscal year and are cited as factors behind higher purchase unit prices and lower profit.
  4. FY2024WorsenedAnnual report

    「Some materials are trending toward price increases, and material prices are expected to remain elevated, resulting in an anticipated increase in material costs.」

    It states that material prices are expected to remain elevated and that price increases for some materials are anticipated, leading to higher material costs in the following fiscal year.
  5. FY2024-Q3RestatedAnnual report

    「Amid changes in this external environment and the continued impact of elevated material costs, the Company strengthened and continued its existing sales activities while working to improve profitability in each segment.」

    It continues to recognize the impact of rising raw-material prices on the assumption that material costs will remain elevated.
  6. FY2024-Q2RestatedAnnual report

    「Amid changes in the external environment and persistently high material prices, we strengthened and continued our existing sales activities while working to improve profitability in each segment.」

    It continues to recognize raw-material price risk on the assumption that material prices will remain elevated.
  7. FY2024-Q1RestatedAnnual report

    「Steel prices during the cumulative first quarter of the current consolidated fiscal year remained above the level in the corresponding period of the previous fiscal year.」

    Steel prices remained above the level in the corresponding period of the previous fiscal year, indicating that elevated and rising raw-material prices have persisted.
  8. FY2023-Q3WorsenedAnnual report

    「In addition, the price of steel, the primary material, which had been trending higher since the previous fiscal year, surged further during the current fiscal year.」

    It states that the price of steel, the primary material, surged further during the current fiscal year after trending higher since the previous fiscal year.
  9. FY2023-Q2WorsenedAnnual report

    「The price of steel, the Company’s primary material, also surged during the cumulative second quarter of the current consolidated fiscal fiscal year.」

    Regarding steel prices, it states that prices surged during the cumulative second quarter of the current fiscal year, following the upward trend in the previous quarter, indicating that elevated levels have continued.
  10. FY2023-Q1RestatedAnnual report

    「Steel prices during the cumulative first quarter of the current consolidated fiscal year continued to trend higher.」

    The company continues to believe that steel prices are trending higher.
  11. FY2022WorsenedAnnual report

    「Regarding raw-material price trends, the purchase price of steel, the Company’s primary material, has been rising due to tight supply and demand against the backdrop of the global economic recovery and soaring prices for raw materials such as iron ore. In addition, prices for materials other than steel generally continued to trend higher.」

    In addition to rising steel prices, prices for materials other than steel have broadly trended higher, expanding the scope of material price risk.
  12. FY2022-Q3RestatedAnnual report

    「Regarding raw-material price trends, the purchase price of steel, the Company’s primary material, has been rising due to tight supply and demand against the backdrop of the global economic recovery and soaring prices for raw materials such as iron ore. In addition, prices for materials other than steel generally continued to trend higher.」

    It states that the rise in steel purchase prices and the broad trend of higher prices for materials other than steel have continued.
  13. FY2022-Q2WorsenedAnnual report

    「Regarding raw-material price trends, the purchase price of steel, the Company’s primary material, surged due to tight supply and demand against the backdrop of the global economic recovery and soaring prices for raw materials such as iron ore. In addition, prices for materials other than steel generally continued to trend higher.」

    Steel prices deteriorated from having remained elevated to surging, while prices for materials other than steel broadly trended higher.
  14. FY2022-Q1WorsenedAnnual report

    「Regarding raw-material price trends, the purchase price of steel, the Company’s primary material, surged due to tight demand against the backdrop of the global economic recovery and soaring prices for raw materials such as iron ore. In addition, purchase prices for materials other than steel generally continued to trend higher.」

    The purchase price of steel deteriorated from having remained elevated to surging, while purchase prices for materials other than steel broadly trended higher. Increased material costs have emerged as an actual factor behind lower profit.
  15. FY2021-Q3WorsenedAnnual report

    「Steel market conditions for the Group’s primary material shifted toward higher prices as the supply-demand balance tightened rapidly, following manufacturers’ production cuts and inventory adjustments in response to the slowdown in economic activity, amid a subsequent recovery in automobile production. The purchase price of steel during the cumulative third quarter of the current consolidated fiscal year remained elevated.」

    It newly states that the steel supply-demand balance tightened rapidly and that steel market conditions shifted toward higher prices. Elevated purchase prices have also persisted.
  16. FY2021-Q2RestatedAnnual report

    「The purchase price of steel during the cumulative second quarter of the current consolidated fiscal year remained elevated.」

    It reiterates that the purchase price of steel, the primary material, remains elevated.
  17. FY2021-Q1RestatedAnnual report

    「The average steel price for the primary material during the cumulative first quarter of the current consolidated fiscal year remained elevated.」

    The company continues to believe that the price of steel, its primary material, remains elevated.
  18. FY2020RestatedAnnual report

    「The average steel price for the primary material during the current consolidated fiscal year remained elevated.」

    The elevated price of steel, the primary material, has persisted.
  19. FY2020-Q3RestatedAnnual report

    「The average steel price for the primary material during the cumulative third quarter of the current consolidated fiscal year remained elevated.」

    The company continues to believe that the price of steel, its primary material, remains elevated.
  20. FY2020-Q2RestatedAnnual report

    「The price of steel, the primary material, remained elevated.」

    The company continues to believe that the price of steel, its primary material, remains elevated.
  21. FY2020-Q1WorsenedAnnual report

    「The average steel price during the cumulative first quarter of the current consolidated fiscal year rose from the corresponding period of the previous consolidated fiscal year.」

    It states that the average steel price rose year on year, indicating that raw-material price risk persists.
  22. FY2019-Q3WorsenedAnnual report

    「The average steel price during the cumulative third quarter of the current consolidated fiscal year continued to rise gradually.」

    It states that steel prices not only remained at elevated levels, but also continued to rise gradually during the cumulative third quarter of the current fiscal year.
  23. FY2019-Q2RestatedAnnual report

    「The average steel price during the cumulative second quarter of the current consolidated fiscal year remained at an elevated level.」

    The company continues to believe that steel prices remain at elevated levels.
  24. FY2019-Q1RestatedAnnual report

    「Steel prices remained at elevated levels.」

    The company continues to believe that steel prices remain at elevated levels.
  25. FY2018WorsenedAnnual report

    「Concern exists over the impact on profitability from rising prices for materials, purchased products and other items, as well as intensifying price competition.」

    The continued rise in material and purchased-product prices has become an actual factor behind deteriorating performance through increased material and other costs.
  26. FY2018-Q3WorsenedAnnual report

    「Steel prices, which affect our Group's performance, rose due in part to soaring raw material prices and remained generally high.」

    The filing states that steel prices rose due in part to soaring raw material prices and remained high. Soaring material prices have also reduced profit through higher material costs.
  27. FY2018-Q2WorsenedAnnual report

    「Higher material costs due to soaring material prices」

    Soaring material prices have materialized as higher material costs and a factor behind deteriorating performance.
  28. FY2018-Q1MaterialisedAnnual report

    「However, during the first three months of the current consolidated fiscal year, the business environment for our Group became more difficult as prices for steel, a major material, remained higher than in the same period of the previous year, while depreciation expenses increased and remained high following a model change for steel shed products.」

    The filing explains that persistently high prices for steel, a major material, became an actual factor behind the deterioration in the business environment, while high depreciation expenses further intensified the difficulties.
  29. FY2017RestatedAnnual report

    「A decline in the supply of iron ore or coking coal, or a surge in their prices, may affect our Group's performance by increasing the burden of raw material costs.」

    The risk of higher raw material costs due to fluctuations in the supply and prices of iron ore and coking coal, the raw materials for steel sheet, continues to be identified.
  30. FY2016First statedAnnual report

    「Steel sheet, a major raw material used in our Group's products, is affected by trends in iron ore and coking coal prices. A decline in the supply of iron ore or coking coal, or a surge in their prices, may affect our Group's performance by increasing the burden of raw material costs.」

    The filing identifies the risk that steel sheet prices are affected by the supply and prices of iron ore and coking coal, leading to higher raw material costs.
Moved together

"Uncertainty arising from overseas economic conditions, resource prices, exchange rates and stock prices" moved the same way as this thread, in the same document, in 10 of its 33 moves.

10108876★123456
  1. ★This thread
  2. 1Uncertainty arising from overseas economic conditions, resource prices, exchange rates and stock prices10×
  3. 2Revenue and profit growth and improved profit margins10×
  4. 3Improving the profitability of the office furniture business8×
  5. 4Price Competition in the Office Furniture Market and Impairment of Business Assets8×
  6. 5Improving Capital Efficiency and Building a More Profitable Corporate Structure7×
  7. 6Cash generated from operating activities6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Inaba Seisakusho yet. It last moved in the General Meetings of Shareholders of 2026-09-30: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Surging Prices of Raw Materials, Including Steel Sheet | INABA SEISAKUSHO Co.,Ltd. (3421) | Komori