Risk of fluctuations in pulp and fuel prices and foreign exchange rates
First written in FY2016. 19 of 39 entries say "Worsened", first in FY2018-Q3. Latest entry: 2026-11-09.
Havix moved to the "Worse" side of this theme in 2018, 1 year after the typical company in this theme (2017).
The whole theme swung hardest in 2021: 5 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Regarding the fiscal year ending March 2027, the outlook is expected to remain uncertain for some time due to soaring energy and raw material prices amid continuing tensions in the Middle East.」
In addition to the existing risks from pulp and fuel prices and foreign-exchange fluctuations, soaring energy and raw material prices against the backdrop of tensions in the Middle East have been identified as sources of uncertainty for the fiscal year ending March 2027. - FY2026-H1WorsenedAnnual report
「The impact of US tariff policy also remains uncertain. In addition, the sluggishness of private consumption caused by continued inflation resulting from yen depreciation and constraints on supply capacity due to labour shortages are expected to persist, and concerns remain high about downside risks to the economy.」
In addition to the existing risks from raw material and fuel prices and foreign-exchange fluctuations, US tariff policy, inflation caused by yen depreciation and supply constraints due to labour shortages have been identified as sources of uncertainty in the cost and demand environment. - FY2025WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to elevated geopolitical risks arising from the unstable international situation, foreign-exchange fluctuations, soaring energy costs and concerns about future US policy developments.」
In addition to raw material, fuel and energy prices and foreign-exchange fluctuations, elevated geopolitical risks and concerns about US policy developments have been identified, indicating that uncertainty in the external environment is continuing. - FY2025-H1WorsenedAnnual report
「Meanwhile, uncertainty about the outlook continues amid an unstable international situation, persistently high raw material and fuel prices, rising logistics costs and labour costs, and highly volatile foreign-exchange markets.」
In addition to raw material and fuel prices and foreign-exchange fluctuations, rising logistics costs and labour costs have been identified, indicating a broader range of cost and foreign-exchange risks. - FY2024-Q3RestatedAnnual report
「In addition, procurement prices for pulp, fuel and chemical materials, which are major inputs, have remained elevated due in part to the sustained depreciation of the yen.」
The situation in which procurement prices for pulp, fuel and chemical materials have remained elevated due in part to the sustained depreciation of the yen has been reconfirmed. Cost pressures from raw materials and foreign exchange have continued from the previous quarter. - FY2024-Q2RestatedAnnual report
「In addition, procurement prices for pulp, fuel and chemical materials, which are major inputs, have remained elevated due in part to the sustained depreciation of the yen.」
The situation in which procurement prices for pulp, fuel and chemical materials have remained elevated due in part to the sustained depreciation of the yen has been reconfirmed. Cost pressures from raw materials and foreign exchange have continued from the previous quarter. - FY2024-Q1WorsenedAnnual report
「The food-service market, to which the Group supplies products, remained on a recovery trend due to the easing of restrictions on activities and increased inbound demand, among other factors. However, the market remains challenging and has yet to return to pre-COVID-19 levels because of persistently high raw material and fuel prices and rising logistics costs and labour costs. Meanwhile, while energy prices continued to soar, profits increased as a result of efforts to revise selling prices in line with these increases and reduce costs.」
While the food-service market is showing signs of recovery, persistently high raw material and fuel prices and rising logistics costs and labour costs have been identified, indicating a broadening range of cost pressures. Energy prices also remain elevated, and the Company is responding through price revisions and other measures. - FY2023-Q3WorsenedAnnual report
「Meanwhile, prices of pulp, fuel and chemical materials, which are major inputs, continued to rise at an unprecedented pace, while the yen's depreciation compounded the impact, and procurement prices remained in the high range.」
Prices of pulp, fuel and chemical materials continued to rise, and the yen's depreciation compounded the impact, leaving procurement prices in the high range. The high level of risk from raw material and fuel prices and foreign-exchange fluctuations has continued. - FY2023-Q2RestatedAnnual report
「Meanwhile, prices of pulp, fuel and chemical materials, which are major inputs, remained at unprecedentedly high levels, while the yen's sharp depreciation compounded the impact, and procurement prices continued to rise.」
Pulp, fuel and chemical materials remained at unprecedentedly high prices, and the yen's sharp depreciation compounded the impact, causing procurement prices to remain elevated. The impact of raw material and fuel price risk and foreign-exchange risk has continued. - FY2023-Q1WorsenedAnnual report
「Meanwhile, prices of pulp, fuel and chemical materials, which are major inputs, remained at unprecedentedly high levels, while the yen's depreciation compounded the impact, and procurement prices continued to rise.」
Pulp, fuel and chemical materials remained at unprecedentedly high prices, and the yen's depreciation compounded the impact, causing procurement prices to remain elevated. The impact of risk from higher raw material and fuel prices has become more serious as procurement prices have also risen due to yen depreciation. - FY2022RestatedAnnual report
「Pulp prices, a major raw material, remained at unprecedentedly high levels, while fuel costs and prices of chemical materials also rose sharply, resulting in a challenging earnings environment.」
The fiscal-year results reconfirmed that unprecedentedly high pulp prices and sharp increases in fuel costs and chemical material prices squeezed earnings. - FY2022-Q3RestatedAnnual report
「Meanwhile, pulp prices, a major raw material, remained at unprecedentedly high levels amid increased demand for paper products in China, logistics disruptions caused in part by container shortages and soaring logistics costs, while fuel costs and prices of chemical materials also rose sharply, significantly squeezing earnings.」
The situation in which pulp prices remained at unprecedentedly high levels and increases in logistics costs, fuel costs and chemical material prices significantly squeezed earnings has been reconfirmed. - FY2022-Q2WorsenedAnnual report
「Meanwhile, pulp prices, a major raw material, remained at unprecedentedly high levels amid increased demand for paper products in China, logistics disruptions caused in part by container shortages and soaring logistics costs, significantly squeezing earnings. In addition, from the second quarter, fuel costs and prices of chemical materials also rose sharply.」
Pulp prices remained at unprecedentedly high levels and logistics costs also soared, while fuel costs and prices of chemical materials rose sharply in the second quarter. The risk of higher raw material and logistics costs has broadened further and is significantly squeezing earnings. - FY2022-Q1WorsenedAnnual report
「In addition, pulp prices, a major raw material, rose sharply due to increased demand for paper products in China, production stagnation at pulp manufacturers and soaring logistics costs caused by container shortages, and remained at unprecedentedly high levels, significantly squeezing earnings.」
Pulp prices rose sharply against the backdrop of increased demand for paper products in China, production stagnation and soaring logistics costs due to container shortages, reaching unprecedentedly high levels and significantly squeezing earnings. The previously identified risk of higher prices has become even more serious. - FY2021WorsenedAnnual report
「In addition, pulp prices, a major raw material for the Group, remained on a downward trend due in part to the impact of the global economic slowdown, but began to rise from the fourth quarter onward as demand for paper products in China recovered.」
Pulp prices, which had been on a downward trend through the first half of the fiscal year, began to rise from the fourth quarter onward against the backdrop of recovering demand for paper products in China. The direction of raw material price risk has shifted from easing to renewed increases. - FY2021-Q3RestatedAnnual report
「Meanwhile, prices for pulp, the principal raw material, declined due in part to the effects of the global economic slowdown.」
Reaffirms that prices for pulp, the principal raw material, declined. Earnings pressure from raw material prices is easing, but there have been no material changes in the price fluctuation risk itself. - FY2021-Q2RestatedAnnual report
「Meanwhile, prices for pulp, the principal raw material, declined due in part to the effects of the global economic slowdown.」
Reaffirms that prices for pulp, the principal raw material, declined. Earnings pressure from raw material prices is easing as prices fall, but there have been no material changes in the price fluctuation risk itself. - FY2021-Q1MitigatedAnnual report
「Meanwhile, prices for pulp, the principal raw material, declined due in part to the effects of the global economic slowdown.」
It states that prices for pulp, the principal raw material, declined, easing earnings pressure from raw material prices during the quarter. - FY2020MitigatedAnnual report
「The Group continually investigates inexpensive raw materials that can be used and works to improve production technology so that it can effectively use a wide range of raw materials. It also seeks to reduce risk by diversifying suppliers as much as possible. In addition, it seeks to reduce foreign exchange risk through foreign exchange hedging and other measures.」
Specifies measures to address the risk of pulp and fuel prices and foreign exchange fluctuations, including investigating inexpensive raw materials, diversifying raw materials, diversifying suppliers, and foreign exchange hedging. - FY2020-Q3MitigatedAnnual report
「Regarding trends in prices for pulp, the principal raw material, prices for pulp used in hygiene paper declined, partly due to the economic slowdown in China and other factors, while prices for pulp used in pulp nonwoven materials also fell below the previous fiscal year's level in the third quarter.」
In addition to pulp used in hygiene paper, pulp used in pulp nonwoven materials also fell below the previous fiscal year's level in the third quarter. It states that the impact of previously high raw material prices for nonwoven materials eased. - FY2020-Q2RestatedAnnual report
「Regarding trends in prices for pulp, the principal raw material, prices for pulp used in hygiene paper declined, partly due to the economic slowdown in China and other factors, while prices for pulp used in pulp nonwoven materials remained high.」
Reaffirms the end-use-specific price trends, with pulp for hygiene paper declining and pulp for pulp nonwoven materials remaining at high levels. Price fluctuations continue to be an actual business condition. - FY2020-Q1Pulp price trends diverged by end useAnnual report
「Regarding trends in prices for pulp, the principal raw material, prices for pulp used in hygiene paper declined, partly due to the economic slowdown in China and other factors, while prices for pulp used in pulp nonwoven materials remained high due to the international supply-demand balance.」
Pulp price trends diverged by end use: prices for pulp used in hygiene paper declined, while prices for pulp used in pulp nonwoven materials remained high. The impact of raw material price risk differed by business. - FY2019WorsenedAnnual report
「In addition, prices for imported pulp, the principal raw material, remained high. Net sales were ¥12,823 million, down 0.3% year on year, operating profit was ¥684 million, down 40.1%, ordinary profit was ¥694 million, down 39.7%, and net income attributable to owners of the parent was ¥474 million, down 43.1%.」
Imported pulp prices remained high, resulting in full-year operating profit down 40.1%, ordinary profit down 39.7%, and net income down 43.1%. The impact of raw material price risk was further quantified in full-year results. - FY2019-Q3WorsenedAnnual report
「Meanwhile, the business environment surrounding the Group became challenging because pulp prices rose sharply and remained at high levels, among other factors.」
It states that pulp prices rose sharply and remained at high levels. The impact of higher raw material prices was reflected in a 34.1% decrease in ordinary profit and a 38.0% decrease in net income attributable to owners of the parent. - FY2019-Q2WorsenedAnnual report
「Meanwhile, the business environment surrounding the Group became challenging due to higher pulp and crude oil prices. In terms of profit, operating profit was ¥425 million, down 36.8% year on year, ordinary profit was ¥427 million, down 36.9%, and net income attributable to owners of the parent was ¥290 million, down 42.9%, due to the impact of higher pulp and crude oil prices.」
The continued rise in pulp and crude oil prices was quantified as a 36.8% decrease in operating profit, a 36.9% decrease in ordinary profit, and a 42.9% decrease in quarterly net income. - FY2019-Q1WorsenedAnnual report
「Meanwhile, the business environment surrounding the Group became challenging due to higher pulp and crude oil prices. In terms of profit, operating profit was ¥246 million, down 27.7% year on year, ordinary profit was ¥249 million, down 27.5%, and net income attributable to owners of the parent was ¥173 million, down 38.6%, due to the impact of higher pulp and crude oil prices.」
In addition to soaring pulp prices, the disclosure also cites higher crude oil prices. The impact of higher raw material prices was reflected in a 27.7% decrease in operating profit, a 27.5% decrease in ordinary profit, and a 38.6% decrease in quarterly net income. - FY2018MaterialisedAnnual report
「Meanwhile, although the hygiene materials and food service markets remained firm, the business environment surrounding the Group became challenging due to soaring pulp prices.」
It states that soaring pulp prices materialized as an actual business condition and, through higher manufacturing costs, led to a 20.6% decrease in operating profit and a 21.0% decrease in ordinary profit. - FY2018-Q3WorsenedAnnual report
「Meanwhile, the business environment surrounding the Company remained challenging due to further increases in imported pulp and crude oil prices, as well as the weaker yen.」
The disclosure states that the raw material price and foreign exchange risks that had emerged by the previous quarter intensified as imported pulp and crude oil prices rose further and the yen weakened further, making the business environment more challenging. - FY2018-Q2MaterialisedAnnual report
「The business environment surrounding the Company remained challenging due to higher prices for imported pulp and crude oil, as well as the weaker yen.」
With respect to the previously disclosed risk of pulp and fuel prices and foreign exchange fluctuations, the disclosure states that higher imported pulp and crude oil prices and the weaker yen materialized as actual business conditions. In the paper-related business, higher raw material and fuel prices reduced profit. - FY2017RestatedAnnual report
「The prices of pulp, the principal raw material for the Group's products, and heavy oil and gas used as fuel are affected by the international supply-demand balance and speculative buying, among other factors. Because the Group is highly dependent on overseas sources, these prices are also affected by foreign exchange rates. Significant fluctuations in pulp and fuel prices or foreign exchange rates could affect the Group's financial condition and operating results.」
There were no material changes in the disclosure concerning the risk of pulp and fuel prices and foreign exchange fluctuations. The performance explanation states that raw material and fuel prices remained weak during the current period, partly due to the stronger yen, but does not state that the risk itself has disappeared. - FY2017-Q3RestatedAnnual report
「In addition to these initiatives, pulp and fuel prices, which are key raw material costs for the Company, remained weak partly due to the stronger yen and other factors. As a result, in the first 3 quarters of the current consolidated fiscal year, net sales were ¥9,578 million, up 6.7% year on year, operating profit was ¥1,168 million, up 147.2%, ordinary profit was ¥1,158 million, up 145.9%, and net income attributable to owners of the parent was ¥802 million, up 139.7%.」
Pulp and fuel prices remained weak, partly due to the stronger yen, contributing to higher profit. It is stated that there were no material changes in business and other risks. - FY2017-Q2RestatedAnnual report
「In addition to these initiatives, imported pulp and fuel prices, which are key raw material costs for the Company, remained weak partly due to the stronger yen. As a result, in the second quarter of the current consolidated cumulative period, net sales were ¥6,329 million, up 8.3% year on year, operating profit was ¥714 million, up 169.7%, ordinary profit was ¥705 million, up 164.7%, and net income attributable to owners of the parent was ¥493 million, up 149.9%.」
Imported pulp and fuel prices remained weak, partly due to the stronger yen, contributing to higher profit. It is stated that there were no material changes in business and other risks. - FY2017-Q1MitigatedAnnual report
「In addition to these initiatives, imported pulp and fuel prices, which are key raw material costs for the Company, remained weak partly due to the stronger yen. As a result, in the first quarter of the current consolidated cumulative period, net sales were ¥3,151 million, up 10.3% year on year, operating profit was ¥330 million, up 132.0%, ordinary profit was ¥330 million, up 109.7%, and net income attributable to owners of the parent was ¥227 million, up 92.7%.」
During the quarter, imported pulp and fuel prices remained weak and contributed to higher profit. It also states that there were no material changes in business and other risks. - FY2016First statedAnnual report
「The prices of pulp, the principal raw material for the Group's products, and heavy oil and gas used as fuel are affected by the international supply-demand balance and speculative buying, among other factors. Because the Group is highly dependent on overseas sources, these prices are also affected by foreign exchange rates. Significant fluctuations in pulp and fuel prices or foreign exchange rates could affect the Group's financial condition and operating results.」
The performance explanation also states that imported pulp prices remained high, while fuel prices remained weak.