Production Process and Profitability Risks from Steel Price Volatility and Procurement Shortages
First written in FY2016. 8 of 18 entries say "Restated". Latest entry: 2026-08-06.
Miyaji Engineering Group 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: 35 of 55 companies on the "Worse" side.
26 other companies' latest entry also says "Worsened".
- 2026-08-06WorsenedEarnings
「The impact of the situation in the Middle East must continue to be monitored, and attention must also be paid to the impact of volatility in the financial and capital markets.」
The situation in the Middle East and volatility in the financial and capital markets continued to be identified as factors requiring attention in the economic outlook for the quarter. - FY2026WorsenedAnnual report
「If crude oil supplies are affected by instability in the Middle East and this disrupts the supply of petroleum products, the Group may have difficulty procuring the paints and thinners used in bridge fabrication and erection work.」
In addition to the existing steel-price and procurement risks, specific risks were newly identified involving disruptions to crude oil and petroleum-product supplies resulting from the situation in the Middle East, difficulty procuring paints and thinners, and impacts on project schedules and construction periods. - 2026-05-22MaterialisedEarnings presentation
「In addition to higher material and labor costs, the substantial decline in sales caused operating profit to fall from the previous fiscal year to ¥630 million.」
The impact of higher material and labor costs on the operating company’s profit was reflected in actual results. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to project execution and profitability risks resulting from fluctuations in steel prices and procurement shortages. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to project execution and profitability risks resulting from fluctuations in steel prices and procurement shortages. - FY2023MaterialisedAnnual report
「Although earnings were adversely affected by higher energy prices and other factors,」
It was stated that higher material and energy prices had actually adversely affected earnings for the current fiscal year, indicating that the price fluctuation risk continues to materialize. - FY2023-Q3MaterialisedAnnual report
「Although earnings were affected by substantial increases in energy and other prices,」
It was stated that substantial increases in energy and other prices had affected actual earnings, indicating that the material and energy price fluctuation risk continues to materialize. - FY2023-Q2MaterialisedAnnual report
「Although earnings were affected by higher prices for resources such as steel and by higher electricity costs, operating profit was ¥3,184 million, up 15.6% year on year, owing to higher productivity from the Chiba Plant Reform Project, improved profitability in on-site construction work and company-wide efficiency improvements, as well as the incorporation in the first half of improvements originally planned for the second half at the beginning of the fiscal year.」
It was stated that higher prices for resources such as steel and higher electricity costs had affected actual earnings. - FY2023-Q1WorsenedAnnual report
「Looking ahead, in addition to these factors, it will also be necessary to closely monitor the impact of the weak yen and further rises in raw-material prices on the domestic and overseas economies.」
Caution regarding the impact of further rises in raw-material prices on the domestic and overseas economies was explicitly stated, indicating heightened concern in addition to the existing risk of raw-material price fluctuations. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there were no material changes to project execution and profitability risks resulting from fluctuations in steel prices and procurement shortages. - FY2021MitigatedAnnual report
「For primary raw materials, we endeavor to secure the required quantities and finalize profitability by issuing preliminary notices and placing orders as early as possible, to the extent practicable, but depending on raw-material price trends and supply conditions, prices may rise and shortages may cause project delays and lower profitability.」
While continuing to recognize the risks associated with steel prices and procurement shortages, the Company specified securing quantities and finalizing profitability through early preliminary notices and order placement as countermeasures. - FY2021-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to project execution and profitability risks resulting from fluctuations in steel prices and procurement shortages. - FY2020MitigatedAnnual report
「For primary raw materials, we endeavor to secure the required quantities and finalize profitability by issuing preliminary notices and placing orders as early as possible, to the extent practicable, but」
In response to steel-price and procurement risks, measures to secure the required quantities and finalize profitability through early preliminary notices and order placement were specified. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to project execution and profitability risks related to fluctuations in steel prices and procurement shortages. - FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was stated that there were no material changes to project execution and profitability risks related to steel prices and procurement shortages. - FY2018RestatedAnnual report
「Depending on raw-material price trends and supply conditions, prices may rise and shortages may cause project delays and lower profitability.」
The risk of project delays and lower profitability resulting from higher steel prices and shortages continued to be listed. - FY2017RestatedAnnual report
「The Group's core business, construction of steel structures such as bridges, uses steel as a primary raw material. Depending on raw-material price trends and supply conditions, prices may rise and shortages may cause delays in project schedules and lower profitability.」
The risk of project delays and lower profitability resulting from higher steel prices and shortages continued to be listed as a risk item. - FY2016First statedAnnual report
「The Group's core business, construction of steel structures such as bridges, uses steel as a primary raw material. Depending on raw-material price trends and supply conditions, prices may rise and shortages may cause delays in project schedules and lower profitability.」
The risk that higher steel prices and shortages could cause project delays and lower profitability was identified.