Risk of Fluctuations in Raw Material and Fuel Markets
First written in FY2017. 14 of 23 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-08-07.
Hokuetsu moved to the "Worse" side of this theme in 2017, 1 year before the typical company in this theme (2018).
The whole theme swung hardest in 2025: 5 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「Operating profit of ¥687 million, down 78.9% year on year, due to higher raw material and fuel prices associated with heightened tensions in the Middle East and declining pulp prices at overseas subsidiaries」
The report links higher raw material and fuel prices to heightened tensions in the Middle East and identifies them as a factor behind the substantial decline in operating profit. - FY2026MitigatedAnnual report
「Although lower raw-material and fuel prices and improved production efficiency helped earnings, operating profit declined due to the negative impact of the factors described above and higher fixed costs.」
Although lower raw-material and fuel prices and improved production efficiency eased costs, operating profit declined due to lower sales volumes and prices, among other factors. - 2026-05-15WorsenedEarnings presentation
「Raw material and fuel prices +¥1.8 billion」
Raw material and fuel prices were a factor supporting operating profit growth in the fiscal year ended March 2026, but the forecast for the fiscal year ending March 2027 shows “raw material and fuel prices ▲¥15.3 billion,” indicating a more negative expected impact going forward. - FY2025-H1RestatedAnnual report
「The outlook remains uncertain amid concerns over the impact of continued high interest rates in Europe and the United States, the continued stagnation of China’s real estate market, developments in the Middle East, soaring raw-material and fuel prices, and volatility in financial and capital markets, among other factors.」
The disclosure states that uncertainty in the external environment, including soaring raw-material and fuel prices, continues. - FY2024RestatedAnnual report
「Although raw material and fuel prices soared, price revisions and other measures,」
The disclosure states that although raw-material and fuel prices have continued to soar, price revisions and other measures have offset the impact on business performance. - FY2024-Q3RestatedAnnual report
「Although raw-material and fuel prices continued to soar, price revisions and other measures resulted in revenue of ¥225,324 million, up 4.5% year on year, and operating profit of ¥10,888 million, up 13.4% year on year, for the nine months ended the third quarter.」
Although raw-material and fuel prices continued to soar, price revisions and other measures resulted in third-quarter cumulative operating profit increasing 13.4% year on year. - FY2024-Q2RestatedAnnual report
「Although raw material and fuel prices soared, price revisions and other measures,」
The disclosure states that although raw-material and fuel prices have continued to soar, price revisions and other measures have offset the impact on business performance in the second quarter. - FY2024-Q1MaterialisedAnnual report
「Although raw material and fuel prices soared, price revisions and other measures,」
The disclosure states that although raw-material and fuel prices also soared during the quarter, price revisions and other measures offset the impact on business performance. - FY2023MaterialisedAnnual report
「Operating profit declined from the previous year, when it reached a record high, due to soaring raw-material and fuel prices resulting from the emergence of geopolitical risks and the yen’s rapid depreciation.」
Soaring raw-material and fuel prices materialised as a 15.5% decline in operating profit and became a factor behind multiple price revisions for domestic paper products. - FY2023-Q3MaterialisedAnnual report
「The paper and pulp business posted higher revenue, mainly due to the impact of price revisions for domestic products implemented in the previous fiscal year and higher prices for export products. However, profit declined due to soaring raw-material and fuel prices, among other factors.」
Soaring raw-material and fuel prices continued to materialise as a 44.0% decline in operating profit in the paper and pulp business and a 41.7% decline in consolidated operating profit. - FY2023-Q2MaterialisedAnnual report
「The paper and pulp business posted higher revenue, mainly due to the impact of price revisions for domestic products implemented in the previous fiscal year and higher prices for export products. However, profit declined due to soaring raw-material and fuel prices, among other factors.」
The risk of raw-material and fuel market volatility also materialised in the second quarter through soaring raw-material and fuel prices as lower profit in the paper and pulp business. - FY2023-Q1MaterialisedAnnual report
「The Paper and Pulp segment reported higher revenue mainly due to the impact of price revisions for domestic products implemented in the previous fiscal year and higher prices for export products. Profit declined due to soaring raw material and fuel prices and other factors. As a result, the segment's results were as follows: revenue of ¥60,522 million, up 6.5% year on year, and operating profit of ¥3,366 million, down 22.6% year on year.」
Soaring raw-material and fuel prices materialised as a 22.6% decline in operating profit in the paper and pulp business. - FY2022WorsenedAnnual report
「Raw-material and fuel prices have recently soared, and fluctuations in the purchase prices of these materials and fuels may affect our Group’s business performance and other factors.」
Raw-material and fuel market risk materialised again during the year as soaring raw-material and fuel prices, becoming a factor behind the implementation of price revisions. - FY2021MaterialisedAnnual report
「Operating profit and ordinary profit both declined, primarily due to lower global pulp prices and lower paper production volumes.」
The risks of raw-material, fuel and market volatility materialised as lower operating profit and ordinary profit through lower global pulp prices and paper production volumes. - FY2019MaterialisedAnnual report
「Profit declined due to soaring raw-material and fuel prices, among other factors.」
The risk of raw-material and fuel market volatility materialised as an 11.2% full-year decline in operating profit and lower profit in the paper and pulp business. - FY2019-Q3MaterialisedAnnual report
「The Paper and Pulp segment reported higher revenue as sales at overseas subsidiaries remained strong. Profit declined due to soaring raw material and fuel prices and other factors.」
The risk of raw-material and fuel market volatility continues to materialise through soaring raw-material and fuel prices as lower profit in the paper and pulp business. - FY2019-Q2MaterialisedAnnual report
「The Paper and Pulp segment reported higher revenue as sales at overseas subsidiaries remained strong. Profit declined due to soaring raw material and fuel prices and other factors.」
The risk of raw-material and fuel market volatility also materialised in the second quarter through soaring raw-material and fuel prices as lower profit in the paper and pulp business. - FY2019-Q1MaterialisedAnnual report
「The Paper and Pulp segment reported higher revenue as sales at overseas subsidiaries remained strong. Profit declined due to soaring raw material and fuel prices and other factors.」
The risk of raw-material and fuel market volatility also materialised in the first quarter through soaring raw-material and fuel prices as lower profit in the paper and pulp business. - FY2018MaterialisedAnnual report
「Operating profit for the current fiscal year declined from the previous consolidated fiscal year due to soaring raw-material and fuel prices resulting from higher crude-oil prices and the yen’s depreciation, among other factors.」
Soaring raw-material and fuel prices materialised as a full-year decline in operating profit. - FY2018-Q3MaterialisedAnnual report
「The Paper and Pulp segment reported higher revenue due to increased sales volumes at overseas subsidiaries and other factors. Profit declined due to soaring raw material and fuel prices and other factors.」
The risk of raw-material and fuel market volatility also materialised in the third quarter through soaring raw-material and fuel prices as lower profit in the paper and pulp business. - FY2018-Q2MaterialisedAnnual report
「The Paper and Pulp segment reported higher revenue due to increased sales volumes at overseas subsidiaries and other factors. Profit declined due to soaring raw material and fuel prices and other factors.」
The risk of raw-material and fuel market volatility has again materialised through soaring raw-material and fuel prices as lower profit in the paper and pulp business. - FY2018-Q1MaterialisedAnnual report
「Although earnings at overseas subsidiaries improved, profit declined due to soaring raw-material and fuel prices, among other factors.」
The risk of raw-material and fuel market volatility materialised through soaring raw-material and fuel prices as lower profit in the paper and pulp business. - FY2017First statedAnnual report
「The prices of the principal raw materials and fuels purchased by the Group are subject to significant fluctuations in domestic and overseas markets.」
Fluctuations in purchase prices for principal raw materials and fuels may affect results and financial position.