Fluctuations in Steel Prices
First written in FY2016. 15 of 25 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2026.
Mitsuchi 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 "Materialised".
- FY2026MaterialisedAnnual report
「In North America, automotive production remained generally firm, but addressing procurement costs and passing higher costs on to selling prices continued to be challenges against a backdrop of tariffs and higher raw-material prices.」
Tariffs and higher raw-material prices have appeared in the actual operating environment as challenges involving procurement costs and passing higher costs on to selling prices. - 2026-04-28RestatedEarnings
「Against a backdrop of tariff measures and rising raw material prices, price negotiations among component manufacturers and procurement-related burdens continued.」
The disclosure reconfirms that higher raw material prices are affecting price negotiations and procurement-related burdens. - FY2026-H1RestatedAnnual report
「Price negotiations among parts manufacturers and procurement-related burdens continued due to the impact of tariffs and higher materials costs.」
The company continues to disclose that higher materials costs are affecting price negotiations and procurement burdens. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, the global economy remained uncertain. The U.S. economy remained firm, but uncertainty persisted due to persistently high raw-material prices, a slowdown in the Chinese economy, geopolitical risks related to Ukraine and the Middle East, government policies aimed at bringing inflation under control, and unstable foreign-exchange markets reflecting expectations of monetary adjustments in Japan and overseas.」
The company reconfirms that prices for raw materials generally, not just steel, remain persistently high. - FY2024MaterialisedAnnual report
「Although production adjustments due to the semiconductor shortage are easing, costs for steel and auxiliary materials, among others, continue to rise.」
The company states that costs for steel and auxiliary materials, among others, continued to rise during the fiscal year, indicating that the risk of raw-material price fluctuations has materialized in the operating environment. - FY2024-Q1RestatedAnnual report
「On the profit side, operating loss was ¥5 million, compared with an operating loss of ¥26 million in the same period of the previous year, due mainly to higher materials costs and manufacturing costs resulting from increased steel prices.」
Higher materials and manufacturing costs resulting from increased steel prices have continued to appear in actual results as factors behind the operating loss, while the amount of the operating loss narrowed from the same period of the previous year. - FY2023MaterialisedAnnual report
「On the profit side, the company posted an operating loss of ¥31 million, compared with operating profit of ¥354 million in the same period of the previous year, due mainly to surging prices for raw materials, electricity and other energy.」
Surging raw-material and energy prices have appeared in annual results as a factor behind the ¥31 million operating loss. - FY2023-Q3MaterialisedAnnual report
「On the profit side, operating loss was ¥78 million, compared with operating profit of ¥395 million in the same period of the previous year, due mainly to the impact of surging raw-material costs.」
Surging raw-material costs have led to an actual operating loss through higher manufacturing costs. This time, the disclosure refers to surging raw-material costs generally rather than steel alone. - FY2023-Q2MaterialisedAnnual report
「On the profit side, operating loss was ¥22 million, compared with operating profit of ¥244 million in the same period of the previous year, due mainly to higher costs, including the surge in steel prices.」
Higher costs, including the surge in steel prices, have appeared in actual results as factors behind the deterioration from operating profit of ¥244 million in the same period of the previous year to an operating loss of ¥22 million. - FY2023-Q1MaterialisedAnnual report
「On the profit side, operating loss was ¥26 million, compared with operating profit of ¥157 million in the same period of the previous year, due mainly to the impact of lower sales, higher materials costs resulting from increased steel prices, and higher procurement costs.」
Higher materials costs resulting from increased steel prices and higher procurement costs have appeared in actual results as factors behind the deterioration from operating profit of ¥157 million in the same period of the previous year to an operating loss of ¥26 million. - FY2022-Q3RestatedAnnual report
「In Japan as well, the outlook remains uncertain amid the resurgence of COVID-19 infections and the impact of globally rising resource prices.」
The company explains that, following persistently high raw-material and fuel prices, globally rising resource prices continue to create uncertainty about the outlook for the domestic economy. - FY2022-Q2WorsenedAnnual report
「In the domestic economy as well, the resurgence of COVID-19 infections and persistently high raw-material and fuel prices have continued, and the outlook remains uncertain.」
In addition to the previously identified risk of steel-price fluctuations, the company cites persistently high prices for raw materials generally and fuel, broadening the sources of uncertainty affecting input costs. - FY2021RestatedAnnual report
「The price of steel, the principal raw material for the Group's main product, custom fasteners, fluctuates worldwide depending on the balance of supply and demand and economic conditions in each production region.」
The company continues to disclose the risk of fluctuations in steel prices and the impact on performance if the increases cannot be passed on to selling prices. - FY2020RestatedAnnual report
「The price of steel, the principal raw material for the Group's main product, custom fasteners, fluctuates worldwide depending on the balance of supply and demand and economic conditions in each production region.」
The company continues to disclose fluctuations in steel prices and the impact on performance if the increases cannot be passed on to selling prices. - FY2020-Q1MaterialisedAnnual report
「Operating profit was ¥5 million, down 72.9% year on year, due mainly to higher steel prices resulting from increased tariffs and the resulting increase in cost of sales.」
Higher steel prices resulting from increased tariffs and higher cost of sales have appeared in actual results as a 72.9% year-on-year decline in operating profit in the U.S. segment. - FY2019MaterialisedAnnual report
「On the profit side, operating profit was ¥46 million, down 29.6% year on year, due mainly to higher steel prices resulting from increased tariffs and higher various expenses.」
Higher steel prices resulting from increased tariffs have appeared in actual results as a 29.6% year-on-year decline in operating profit in the U.S. segment. - FY2019-Q3MaterialisedAnnual report
「Although higher steel prices affected profit, operating profit was ¥393 million, up 37.4% year on year, due to the effect of higher sales. On the other hand, operating profit was ¥4 million, down 65.9% year on year, due mainly to higher manufacturing costs resulting from higher steel prices and increased various expenses.」
The company continues to disclose in its actual results that higher steel prices are affecting manufacturing costs and profit in Japan and China. Japan posted higher profit due to the effect of higher sales, while profit in China fell 65.9% year on year. - FY2019-Q2MaterialisedAnnual report
「On the earnings front, despite higher manufacturing costs resulting from increases in steel prices, operating profit was ¥207 million, up 8.9% year on year, due to cost reduction initiatives.」
The company explains that higher steel prices have appeared in actual results as increased manufacturing costs, while operating profit in the Japan segment increased due to cost-reduction activities. - FY2019-Q1MaterialisedAnnual report
「Materials costs increased due to higher steel prices, but operating profit was ¥143 million, up 11.0% year on year, due to the effect of higher sales and cost-reduction activities.」
Higher steel prices have appeared in actual results as increased materials costs. Meanwhile, consolidated operating profit rose 11.0% year on year due to higher sales and cost-reduction activities. - FY2018MaterialisedAnnual report
「On the profit side, gross profit increased with higher sales, but operating profit was ¥548 million, down 9.2% year on year, due mainly to higher manufacturing costs resulting from increased steel prices.」
Higher steel prices have appeared in actual results as increased manufacturing costs and a 9.2% year-on-year decline in operating profit. - FY2018-Q3MaterialisedAnnual report
「On the profit side, however, operating profit was ¥286 million, down 14.3% year on year, due mainly to higher manufacturing costs resulting from increased steel prices.」
Higher steel prices have continued to appear in actual results as increased manufacturing costs and a year-on-year decline in operating profit in the Japan segment. - FY2018-Q2MaterialisedAnnual report
「On the profit side, however, operating profit was ¥190 million, down 0.7% year on year, due mainly to higher manufacturing costs resulting from increased steel prices.」
Higher steel prices have appeared in actual results as increased manufacturing costs and a decline in operating profit in the Japan segment. - FY2018-Q1MaterialisedAnnual report
「Orders for both the domestic and overseas markets remained firm, and net sales were ¥2,858 million, up 5.3% year on year. On the profit side, however, operating profit was ¥81 million, down 2.0% year on year, due mainly to higher manufacturing costs resulting from increased steel prices.」
Higher steel prices have appeared in actual results as increased manufacturing costs and a year-on-year decline in operating profit. - FY2017RestatedAnnual report
「The Group is making every effort to avoid higher procurement costs by pursuing economies of scale through the long-standing, continuous and stable consolidation of its raw-material suppliers, and by passing higher costs on to selling prices.」
The company reaffirms its policy of addressing higher steel prices through economies of scale from consolidating raw-material suppliers and passing higher costs on to selling prices. - FY2016First statedAnnual report
「The price of steel, the principal raw material for the Group's main product, custom fasteners, fluctuates worldwide depending on the balance of supply and demand and economic conditions in each production region.」
The company has disclosed fluctuations in steel prices and the impact on performance if the increases cannot be passed on to selling prices.