Price Volatility Risk for Key Raw Materials, Including Gold and Copper
First written in FY2016. 9 of 17 entries say "Restated". Latest entry: 2026-09-14.
Sanno moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 12 of 22 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2026-H1MitigatedAnnual report
「We pursued appropriate price revisions to reflect higher costs, including raw material prices, and worked to strengthen our earnings base.」
While higher raw material and other costs emerged as a factor pressuring earnings, the Company is proceeding with measures to revise prices appropriately to reflect these increases. - FY2025MaterialisedAnnual report
「Orders, particularly in the automotive field, remained firm and resulted in higher revenue, but profit declined due to soaring raw material prices and other factors.」
In the Philippine business, soaring raw material prices actually pressured earnings. Revenue increased 9.2% year on year, while operating profit declined 30.0% year on year. - FY2023RestatedAnnual report
「Potassium gold cyanide contains 68.3% gold, while press materials include copper; the prices of each are affected by conditions in international commodity markets. The Group seeks to pass increases in raw material prices through to selling prices in customer orders. However, if market prices for gold and copper fluctuate beyond the Group's expectations and the increases cannot be adequately reflected in unit prices, this may affect the Group's financial results.」
The market-price volatility of gold and copper, and the risk that increases cannot be fully passed through to selling prices, remain ongoing. - FY2023-Q2RestatedAnnual report
「During the nine months ended the second quarter of the current fiscal year, the global economy continued to transition to a new phase of living with COVID-19 as restrictions on activities and overseas travel were eased, while concerns remained about the effects of soaring global resource prices and supply-chain disruptions.」
The disclosure continues to identify uncertainty surrounding costs and procurement resulting from soaring resource prices, including those of key raw materials, and supply-chain disruptions. - FY2023-Q1RestatedAnnual report
「The outlook remains uncertain amid rising raw material and energy prices resulting from the global surge in resource prices, as well as sharp fluctuations in foreign exchange rates.」
In addition to the risk of higher raw material prices resulting from the surge in resource prices, higher energy prices are identified as an ongoing cost factor. The Company states that the Philippine business was affected by higher energy prices. - FY2022-Q3MaterialisedAnnual report
「In Japan, as in Europe and the United States, economic activity gradually normalized and the economy saw moderate growth as vaccination rates increased. However, the effects of higher raw material and energy prices resulting from the global surge in resource prices have also become apparent, and uncertainty continues.」
Although the disclosure is not limited to gold and copper, it states that the effects of higher raw material and energy prices resulting from the global surge in resource prices have actually become apparent. - FY2021RestatedAnnual report
「Potassium gold cyanide contains 68.3% gold, while press materials include copper; the prices of each are affected by conditions in international commodity markets. The Group seeks to pass increases in raw material prices through to selling prices in customer orders. However, if market prices for gold and copper fluctuate beyond the Group's expectations and the increases cannot be adequately reflected in unit prices, this may affect the Group's financial results.」
The market-price volatility of gold and copper, and the risk that increases cannot be fully passed through to selling prices, remain ongoing. - FY2021-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the Company worked to increase orders, particularly for automotive applications, where a recovery trend was emerging, and to enhance its production capabilities. However, principal-material costs and other expenses deteriorated, and the Company worked to improve profitability, focusing on principal-material costs.」
The deterioration in principal-material costs and other expenses has continued in the Philippine business, and profitability improvement initiatives focused on principal-material costs are ongoing. - FY2021-Q2MaterialisedAnnual report
「During the nine months ended the second quarter of the current fiscal year, orders related to automotive applications had begun to recover, but costs of principal materials and other expenses deteriorated. The Company worked to improve profitability, focusing on the cost of principal materials.」
The deterioration in principal-material costs actually occurred in the Philippine business and was identified as a factor affecting profitability. The Company is implementing profitability improvement initiatives focused on principal-material costs. - FY2021-Q1MaterialisedAnnual report
「The Company did not achieve operating profit due to temporary costs incurred in connection with the integration of plants and the recognition of inventory write-downs following a decline in gold prices, among other factors.」
The decline in gold prices actually resulted in inventory write-downs and was identified as a factor behind the operating loss in the Japan segment. - FY2020RestatedAnnual report
「Potassium gold cyanide contains 68.3% gold, while press materials include copper; the prices of each are affected by conditions in international commodity markets. The Group seeks to pass increases in raw material prices through to selling prices in customer orders. However, if market prices for gold and copper fluctuate beyond the Group's expectations and the increases cannot be adequately reflected in unit prices, this may affect the Group's financial results.」
The market-price volatility of gold and copper, and the risk that increases cannot be fully passed through to selling prices, remain ongoing. - FY2019RestatedAnnual report
「Potassium gold cyanide contains 68.3% gold, while press materials include copper; the prices of each are affected by conditions in international commodity markets. The Group seeks to pass increases in raw material prices through to selling prices in customer orders. However, if market prices for gold and copper fluctuate beyond the Group's expectations and the increases cannot be adequately reflected in unit prices, this may affect the Group's financial results.」
The market-price volatility of potassium gold cyanide, which contains 68.3% gold, and copper, and the risk that increases cannot be fully passed through to selling prices, remain ongoing. - FY2017RestatedAnnual report
「Potassium gold cyanide contains 68.3% gold, while press materials include copper; the prices of each are affected by conditions in international commodity markets. The Group seeks to pass increases in raw material prices through to selling prices in customer orders. However, if market prices for gold and copper fluctuate beyond the Group's expectations and the increases cannot be adequately reflected in unit prices, this may affect the Group's financial results.」
The market-price volatility of potassium gold cyanide, which contains 68.3% gold, and copper sheet, and the risk that increases cannot be fully passed through to selling prices, remain ongoing. - FY2016First statedAnnual report
「The principal raw materials used are potassium gold cyanide and copper sheet for pressing. Potassium gold cyanide contains 68.3% gold, while the press materials include copper; the prices of each are affected by conditions in international commodity markets. The Group seeks to pass increases in raw material prices through to selling prices in customer orders. However, if market prices for gold and copper fluctuate beyond the Group's expectations and the increases cannot be adequately reflected in unit prices, this may affect the Group's financial results.」
The Company states that potassium gold cyanide contains 68.3% gold, that gold and copper prices fluctuate in line with international market conditions, and that the increases may not be fully passed through to selling prices.