Revenue pressure from soft corrugated packaging prices
First written in FY2017-Q1. 12 of 25 entries say "Mitigated", first in FY2020-Q2. Latest entry: FY2026.
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- FY2026MitigatedAnnual report
「Meanwhile, selling prices rose as a result of product price revisions.」
The impact of product price revisions was reflected in higher selling prices, with corrugated cardboard segment revenue rising 4.1% and operating profit rising 21.7%. This indicates an easing of the previous profit pressure from weak pricing and higher costs. - FY2026-H1MitigatedAnnual report
「Meanwhile, domestic selling prices rose as a result of the price revisions pursued since the previous fiscal year.」
It states that domestic selling prices rose as a result of the price revisions introduced in the previous fiscal year, easing the previous profit pressure from pricing. - FY2025MitigatedAnnual report
「In terms of pricing, the product price revisions pursued since the beginning of the fiscal year progressed in the second half.」
In contrast to the limited impact of price revisions through the previous year, product price revisions progressed in the second half, and operating profit in the corrugated cardboard segment rose 12.3% year on year to ¥8,592 million. - FY2025-H1The impact of product price increases was limited in the first half.Annual report
「Meanwhile, the impact on first-half earnings of the product price increases pursued since the beginning of the fiscal year was limited.」
While the previous fiscal year described higher earnings as product price revisions took hold, the current interim period is described as having seen a limited earnings impact from product price increases. - FY2024MitigatedAnnual report
「However, earnings improved as product price revisions took hold. As a result, the corrugated cardboard segment posted revenue of ¥117,965 million, up 7.3% from the previous fiscal year, and operating profit of ¥7,649 million, up 54.7%.」
Product price revisions took hold, increasing corrugated cardboard segment revenue and operating profit. It describes an easing of profit pressure from weak pricing and higher raw material costs. - FY2024-Q3MitigatedAnnual report
「However, earnings improved as product price revisions took hold. As a result, the corrugated cardboard segment posted revenue of ¥89,408 million, up 7.3% year on year, and operating profit of ¥6,126 million, up 59.3%.」
It states that product price revisions took hold, lifting corrugated cardboard segment revenue and operating profit above the year-earlier period and easing profit pressure from pricing. - FY2024-Q2MitigatedAnnual report
「However, on the earnings front, product price increases pursued since the previous year became established, resulting in higher profit.」
The penetration of product price increases eased the previous profit pressure relating to price pass-through, resulting in higher profit in the corrugated packaging business. - FY2024-Q1MitigatedAnnual report
「Revenue from corrugated packaging was ¥29,667 million, up 9.2% year on year, and operating profit was ¥1,733 million, up 211.4% year on year, due to the effect of product price increases pursued since the previous year.」
The effect of product price increases resulted in year-on-year increases of 9.2% in corrugated packaging revenue and 211.4% in operating profit, and the Company stated that the previous revenue and profit pressure from soft prices had eased. - FY2023-Q3WorsenedAnnual report
「In response to rising prices for containerboard, its principal raw material, as well as energy and other costs, the company began raising product prices at the start of the period. As a result, sales increased to ¥83,321 million, up 10.7% year on year, but partly because the decisions on product price increases were delayed, operating profit fell to ¥3,845 million, down 14.8%.」
Although the Company worked to raise product prices, the timing of the decisions was delayed. Revenue increased, while operating profit declined 14.8% year on year, and profit pressure relating to price pass-through continued. - FY2023-Q2WorsenedAnnual report
「In the domestic corrugated packaging business, sales volumes for beverages, fruit and vegetables, and mail-order and home-delivery applications increased. However, as food manufacturers continued to announce price increases for individual products, production volume remained around the previous year’s level under the influence of consumers’ cost-consciousness.」
Although sales volumes for beverages, fruit and vegetables, and mail-order and home-delivery applications increased, production volume remained around the previous year’s level due to continued food price increases and consumers’ cost-consciousness. - FY2023-Q1WorsenedAnnual report
「In response to higher prices for containerboard, its principal raw material, as well as fuel oil, gas and electricity, the company began raising product prices at the start of the period. However, partly because of delays in deciding on the price increases, sales were ¥27,157 million, up 7.9% year on year, while operating profit was ¥556 million, down 62.2%.」
Although the Company worked to raise product prices, the timing of the decision was delayed, and the impact of higher raw material and energy costs emerged as a 62.2% year-on-year decline in operating profit. - FY2020MitigatedAnnual report
「In corrugated packaging, the Company worked to revise product prices in response to higher raw material and logistics costs, and revenue grew to ¥99,839 million, up 7.8% from the previous fiscal year. Operating profit was ¥5,693 million, up 75.4% year on year.」
Product price revisions increased revenue and operating profit despite higher raw material and logistics costs, easing to some extent the previous price and cost pressures. - FY2020-Q3MitigatedAnnual report
「Revenue from corrugated packaging was ¥76,560 million, up 8.8% year on year, partly due to product price revisions pursued since the autumn of the year before last, while operating profit was ¥4,427 million, up 26.1% year on year.」
Against the backdrop of product price revisions, revenue and operating profit increased year on year, easing to some extent the previous profit pressure from soft prices and raw material costs. - FY2020-Q2MitigatedAnnual report
「Revenue from corrugated packaging was ¥50,492 million, up 9.3% year on year, due to product price revisions pursued since the end of the previous year, while operating profit was ¥2,801 million, up 3.6% year on year.」
The Company stated that product price revisions increased corrugated packaging revenue and operating profit year on year, easing to some extent the previous revenue and profit pressure from soft prices. - FY2020-Q1RestatedAnnual report
「Corrugated board revenue rose 8.6% year on year to ¥24,815 million as the company worked to revise product prices. However, operating income declined 21.5% to ¥1,089 million because of higher raw material and other costs.」
As a result of efforts to revise product prices, revenue increased 8.6% year on year, while higher raw material costs and other factors led to a 21.5% decline in operating profit, and challenges relating to price pass-through continued. - FY2019RestatedAnnual report
「In corrugated packaging, the Company worked to revise product prices in response to higher raw material and logistics costs, and revenue grew to ¥92,574 million, up 9.5% from the previous fiscal year. Although it worked to reduce internal costs, operating expenses increased substantially due partly to higher raw material costs and other factors, resulting in operating profit of ¥3,245 million, down 20.8% year on year.」
Product price revisions resulted in a 9.5% increase in revenue, while higher raw material costs and other factors led to a 20.8% decline in operating profit, and the challenge of passing through price increases continues. - FY2019-Q3RestatedAnnual report
「Revenue from corrugated packaging was ¥70,382 million, up 8.8% year on year, partly due to negotiations to revise product prices, which began in the autumn of the year before last. However, operating profit was ¥3,511 million, down 21.7% year on year, partly because base paper prices rose for the second consecutive year.」
Negotiations to revise product prices resulted in an 8.8% year-on-year increase in revenue, while higher base paper prices led to a 21.7% decline in operating profit, and the challenge of passing through price increases continues. - FY2019-Q2The results of price increase negotiations are reflected in revenue; additional pass-through continuesAnnual report
「Revenue from corrugated packaging was ¥46,208 million, up 8.1% year on year, due to the results of negotiations to raise product prices, which began last autumn. However, operating profit was ¥2,703 million, down 1.5% year on year, partly due to the increase in corrugated base paper prices from the previous year.」
The results of negotiations to raise product prices were reflected in the 8.1% year-on-year increase in revenue, while higher base paper prices resulted in a 1.5% decline in operating profit, and the challenge of passing through price increases continues. - FY2019-Q1Price pass-through negotiations remain ongoingAnnual report
「Revenue from corrugated packaging was ¥22,854 million, up 8.0% year on year, as negotiations to raise product prices, which began last autumn, remained incomplete.」
The Company explained that, although it is pursuing negotiations to raise product prices in response to the previous pressure on revenue from soft prices, the negotiations remain incomplete. - FY2018-Q1MaterialisedAnnual report
「Revenue from corrugated packaging was ¥21,154 million, down 1.4% year on year due to the soft pricing trend, although」
The soft trend in corrugated packaging selling prices continues to be reflected in results as a 1.4% year-on-year decline in revenue. - FY2017MaterialisedAnnual report
「Revenue from corrugated packaging was ¥83,032 million, down 2.0% from the previous fiscal year, partly due to soft selling prices.」
The soft trend in corrugated packaging selling prices was reflected in the full-year results as a 2.0% year-on-year decline in revenue. - FY2017-Q3MaterialisedAnnual report
「Revenue from corrugated packaging was ¥63,920 million, down 2.6% year on year, despite an increase in sales volume, due to the soft pricing trend.」
Despite higher sales volumes, the soft pricing trend continues to be reflected in results as a 2.6% year-on-year decline in revenue. - FY2017-Q1MaterialisedAnnual report
「Corrugated packaging revenue was ¥21,445 million, down 1.8% year on year, as sales volume increased following the start of operations at the Nagano Plant but prices remained soft.」
Although sales volumes increased, the soft pricing trend emerged as a factor behind the year-on-year decline in revenue.