Risk from Fluctuations in Natural Oils and Fats Market Prices, Supply Volumes and Foreign Exchange Rates
First written in FY2016. 16 of 35 entries say "Materialised", first in FY2017-Q3. Latest entry: 2026-09-18.
Shoei Yakuhin 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 2022: 40 of 57 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026Selling prices rebounded after the market decline and remained at high levelsAnnual report
「Natural fat (palm oil) market prices, which affect purchase and sales prices, fell from the previous year's high levels at the beginning of the period but subsequently reversed course. Sales prices accordingly remained at relatively high levels.」
The natural fats market fell from the previous year's high at the beginning of the period before reversing course during the year. Selling prices remained relatively high as the market reversed, clarifying the annual price trend following the decline and recovery seen in the previous interim period. - FY2026-H1Prices fell from high levels but have recently begun to recoverAnnual report
「Natural fat (palm oil) market prices, which affect purchase and sales prices, had been trending downward from the previous year's high levels but have recently begun to recover.」
Natural fat market prices trended downward from the previous year's high levels before recently beginning to recover. Market volatility risk remains, but conditions have shifted from the declining phase. - FY2025-H1Prices reversed from low levels and began to trend upwardAnnual report
「Regarding purchase and sales prices, natural fat (palm oil) market prices, which affect these prices, began to trend upward, putting upward pressure on the sales prices of some raw materials.」
Natural fat market prices, which had remained at low levels in the previous fiscal year, began to trend upward and put upward pressure on the sales prices of some raw materials. Market volatility risk itself remains, but conditions have shifted from a period of downward pressure on sales prices caused by low prices. - FY2024The market remained stable but at low price levelsAnnual report
「Natural fat market prices (palm oil prices) remained relatively stable throughout fiscal 2023, but purchase and sales prices remained at lower levels than in the previous year.」
Natural fat market prices remained relatively stable throughout the year but at lower levels than the previous year, affecting purchase and sales prices and results in the chemical products business. - FY2024-Q3MaterialisedAnnual report
「Natural fat (palm oil) market prices, which affect purchase and sales prices, fell sharply from the previous fiscal year, putting downward pressure on sales prices.」
Natural fat (palm oil) market prices fell sharply from the previous fiscal year, putting downward pressure on sales prices. The impact of market volatility risk materialized in results for the first three quarters. - FY2024-Q2MaterialisedAnnual report
「Regarding purchase and sales prices, natural fat (palm oil) market prices, which affect these prices, fell sharply from the previous fiscal year, putting downward pressure on sales prices.」
Natural fat (palm oil) market prices fell sharply year on year, putting downward pressure on sales prices. In the chemical products business, both volumes and sales prices declined, and the impact of market volatility risk materialized in first-half results. - FY2024-Q1MaterialisedAnnual report
「Natural fat (palm oil) market prices, which affect purchase and sales prices, fell sharply from the previous fiscal year as concerns about a global economic slowdown weakened demand for palm oil, and remained at low levels.」
Natural fat (palm oil) market prices fell sharply from the previous fiscal year and remained at low levels. Market fluctuations actually affected purchase and sales prices as well as revenue and profit in the chemical products business. - FY2023Natural fat market prices fell sharply from high levels and became volatileAnnual report
「In fiscal 2022, natural fat market prices (palm oil prices) fell sharply over a short period from near record-high levels and, although they bottomed out in the second half, remained volatile. Accordingly, purchase and sales prices, which had remained high in the first half, saw an increasing number of products priced lower in the second half.」
Natural fat market prices fell sharply over a short period from near record-high levels and remained volatile even after bottoming out. Fluctuations in purchase and sales prices actually occurred throughout the year. - FY2023-Q3MitigatedAnnual report
「Natural fat market prices, particularly those for oleochemicals, which affect purchase and sales prices, had been trending downward from high levels but bottomed out and remained relatively stable in the most recent few months.」
It states that natural fat market prices fell from high levels before bottoming out and remaining relatively stable in the most recent few months. The impact of falling prices on weak sales prices has abated, but market volatility risk itself remains. - FY2023-Q2Prices remained at high levels but declined from the peak, with some prices reducedAnnual report
「Regarding sales prices, natural fat (palm oil) market prices began to trend downward from their peak, and some products began to be sold at reduced prices, but sales prices overall remained firm.」
Natural fat market prices remained at high levels but began to trend downward from their peak, and price reductions began for some products. The impact of fluctuations in purchase and sales prices continues. - FY2023-Q1MaterialisedAnnual report
「Natural fat (palm oil) market prices, which affect purchase and sales prices, remained at high levels, and both purchase and sales prices increased.」
Natural fat (palm oil) market prices remained at high levels, and market volatility risk actually materialized through increases in purchase and sales prices. - FY2022MaterialisedAnnual report
「In fiscal 2021, natural fat market prices (palm oil prices) rose sharply, temporarily exceeding 8,000 ringgit and reaching a record high. Purchase and sales prices rose accordingly.」
Natural fat market prices temporarily exceeded 8,000 ringgit, reaching a record high, and market volatility risk actually materialized through increases in purchase and sales prices. - FY2022-Q3RestatedAnnual report
「Raw material prices, particularly natural fat market prices, also rose, and sales prices also increased.」
Natural fat market prices and sales prices continued to rise from the previous quarter. Although raw material price volatility risk remains, the impact of weak sales prices caused by low price levels continues to diminish. - FY2022-Q2RestatedAnnual report
「Raw material prices, particularly natural fat market prices, began to trend upward, and sales prices also increased.」
The upward trend in natural fat market prices and the increase in sales prices continued, confirming again that the impact of weak sales prices caused by lower raw material prices since the previous fiscal year had diminished. - FY2022-Q1MitigatedAnnual report
「Orders related to the automotive and textile lubricant sectors also remained strong, some raw material prices (natural fat market prices) began to trend upward, and sales prices also improved.」
Orders related to the automotive and textile lubricant sectors strengthened, low natural fat market prices shifted to an upward trend, and sales prices also improved. Although raw material price volatility risk remains, the impact of previously weak sales prices due to low prices has diminished, according to the disclosure. - FY2021Natural fat prices rose and sales prices improved after remaining low in the first halfAnnual report
「Regarding purchase and sales prices, natural fat market prices (palm oil prices) in fiscal 2020 had recently turned upward and improved, but remained low in the first half, with the outlook uncertain, and purchase and sales prices for some raw materials remained weak.」
Natural fat prices turned upward from low levels in the first half toward the fiscal year-end, and sales prices also improved. However, the impact of low prices in the first half and lower orders from major customers remained, resulting in lower revenue and profit for the chemical products business for the full fiscal year. - FY2021-Q3Raw material prices shifted from low levels to an upward trendAnnual report
「There were signs of recovery in orders related to the automotive and textile lubricant sectors, while some raw material prices affecting sales prices (natural fat market prices) also began to trend upward.」
It states that signs of recovery were seen in orders related to the automotive and textile lubricant sectors and that some raw material prices shifted from low levels to an upward trend. However, revenue in the chemical products business declined 10.9% year on year and segment profit declined 25.1%, indicating that the impact of weak demand remains. - FY2021-Q2WorsenedAnnual report
「In the chemical products business, demand for raw materials for some disinfection-related products, such as disinfectants and hand soap, increased due to the impact of COVID-19. However, orders for raw materials from major customers in the automotive-related and textile lubricant-related sectors, which account for large volumes handled, fell significantly. Sales prices also languished as raw material prices, particularly natural fat market prices for oleochemicals, remained low. As a result, revenue from the chemical products business for the first two quarters of the fiscal year was ¥6,988.484 million (down 14.7% year on year), and segment profit was ¥74.936 million (down 43.4% year on year).」
Orders from major customers fell significantly, and sales prices also languished because natural fat market prices remained low. Revenue in the chemical products business declined 14.7% and segment profit declined 43.4%, making the impact of raw material market and demand volatility risk more apparent. - FY2020MaterialisedAnnual report
「In the chemical products business, production and sales activities at major domestic customers remained weak, and sales prices languished as some raw material prices (natural fat market prices) remained low. Problems including supply shortages of some products handled due to environmental regulations in China were also not resolved. As a result, revenue from the chemical products business for the fiscal year was ¥15,985.562 million (down 11.5% from the previous fiscal year), and segment profit was ¥231.361 million (down 28.9% from the previous fiscal year).」
Weak sales prices due to low natural fat market prices, supply shortages caused by environmental regulations in China and weak conditions at major customers continued, resulting in revenue in the chemical products business declining 11.5% and segment profit declining 28.9%. - FY2020-Q3MaterialisedAnnual report
「Against this backdrop, the Group worked to expand sales to and deepen relationships with existing customers, particularly in oleochemicals within the chemical products business, develop new customers, and expand sales of emerging chemical products in Japan and overseas. However, the business was significantly affected by lower orders from major domestic customers and the impact of some raw material prices (natural fat market prices) remaining low, among other factors. As a result, for the first three quarters of the fiscal year, revenue was ¥13,579.571 million (down 12.8% year on year) and operating profit was ¥124.655 million (down 47.7% year on year),」
The impact of lower orders from major domestic customers and low natural fat market prices continued, resulting in company-wide revenue declining 12.8% year on year and operating profit declining 47.7%. Risks related to raw material markets and supply conditions are actually materializing in results. - FY2020-Q2WorsenedAnnual report
「In the chemical products business, production and sales activities at major domestic customers weakened, resulting in lower orders. In addition, sales prices failed to gain traction as some raw material prices (natural fat market prices) remained low, while problems including supply shortages of some products handled due to environmental regulations in China were not resolved.」
In addition to sales prices failing to gain traction because raw material prices remained low and supply shortages caused by environmental regulations in China remaining unresolved, orders from major domestic customers declined. Revenue in the chemical products business declined 12.0% and segment profit declined 20.8%. - FY2020-Q1MaterialisedAnnual report
「However, the impact of declines in some raw material prices (natural fat market prices) and continuing supply shortages of products handled due to environmental regulations in China persisted. As a result, revenue for the first quarter of the fiscal year declined 16.4% year on year to ¥4,497.372 million, and operating profit declined 65.5% to ¥29.127 million.」
Declines in natural fat market prices and continuing supply shortages of products handled due to environmental regulations in China resulted in company-wide revenue declining 16.4% and operating profit declining 65.5%. - FY2019MaterialisedAnnual report
「In the chemical products business, production and sales activities at major domestic customers were generally firm, and volumes of higher alcohols, surfactants and other products increased by product category. However, the business was affected by declines in some raw material prices (natural fat market prices), higher transportation costs and supply-side disruptions affecting products handled in connection with environmental regulations in China. As a result, revenue from the chemical products business for the fiscal year was ¥18,072.569 million (down 0.4% from the previous fiscal year), and segment profit was ¥325.176 million (down 17.5% from the previous fiscal year).」
Declines in natural fat market prices, higher transportation costs and supply-side disruptions affecting products handled due to environmental regulations in China actually occurred, and segment profit in the chemical products business declined 17.5%. - FY2019-Q3MaterialisedAnnual report
「However, profitability was affected by fluctuations in the prices of some raw materials (oil and fat market prices) and higher transportation costs, among other factors.」
Fluctuations in some raw material prices (oil and fat market prices) and higher transportation costs actually affected profits in the chemical products business. Segment profit in the chemical products business declined 15.2% year on year. - FY2019-Q2MaterialisedAnnual report
「However, profitability was affected by fluctuations in the prices of some raw materials, resulting in a slight decline in the profit margin.」
Fluctuations in the prices of some raw materials actually put downward pressure on the chemical products business's profit margin. - FY2019-Q1MaterialisedAnnual report
「Profitability was affected by fluctuations in the prices of some raw materials, resulting in a slight decline in the profit margin.」
Fluctuations in the prices of some raw materials actually put downward pressure on the chemical products business's profit margin. - FY2018MaterialisedAnnual report
「In the household products business, sales of some products, including refrigerator deodorizers and washing machine tub cleaners, remained firm, but overall sales continued to be sluggish. Profitability was also adversely affected by higher raw material and transportation costs, among other factors, and remained weak.」
Higher raw material and transportation costs actually affected profits in the household products business. Revenue declined 6.6% year on year and segment profit declined 18.4%. - FY2018-Q3MaterialisedAnnual report
「In the household products business, sales of some existing products, including refrigerator deodorizers and washing machine tub cleaners, remained firm, but overall sales continued to be sluggish. Profitability was affected by higher raw material and transportation costs, among other factors.」
It states that higher raw material and transportation costs actually affected profits in the household products business, indicating that volatility in raw material markets and other factors continues to materialize as a risk. - FY2017MaterialisedAnnual report
「However, profits were adversely affected by the impact of sharp increases in the prices of some raw materials, among other factors.」
It states that surging raw material prices actually reduced profits in the chemical products business. - FY2017-Q3MaterialisedAnnual report
「However, prices for some raw materials rose sharply, putting downward pressure on profit margins.」
Surging raw material prices actually put downward pressure on the chemical products business's profit margins, indicating that raw material market volatility risk has materialized in results. - FY2017-Q2RestatedAnnual report
「While corporate earnings showed signs of stagnation in their recovery, concerns remained about an economic slowdown in emerging Asian economies, including China, and resource-producing countries, as well as renewed instability in Europe related to the UK's withdrawal from the EU. The economic outlook therefore remained uncertain.」
It continues to point to uncertainty in the external environment, including the economic slowdown, instability in Europe and foreign exchange movements, but states that there have been no material changes in the risks. - FY2017-Q1WorsenedAnnual report
「Concerns about downside risks to corporate earnings from yen appreciation intensified. In addition to concerns about an economic slowdown in emerging Asian economies, particularly China, the issue of the UK's withdrawal from the EU became a further factor behind yen appreciation and falling share prices, and the economic outlook remained uncertain.」
It states that concerns about downside risks to corporate earnings from yen appreciation intensified and that the external foreign exchange and economic environment was deteriorating. - FY2016First statedAnnual report
「The business is affected by demand trends for chemicals and other products in the oleochemicals field, fluctuations in the markets for natural fats such as palm oil, and foreign exchange movements. Products in this field may also be affected by poor harvests caused by adverse weather conditions affecting oil palms and other raw materials for natural fats.」
This indicates that natural fat prices, demand, foreign exchange movements and poor harvests caused by adverse weather could affect margins and supply volumes.