Raw Material Price Volatility and Delayed Pass-Through to Product Prices
First written in FY2017-Q1. 19 of 33 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-08-10.
Showa Paxxs moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2021: 18 of 28 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- 2026-08-10RestatedEarnings
「The price of kraft paper, the main raw material for heavy-duty bags, rose under the impact of broad-based cost increases, including higher logistics and labor costs, and has since remained high.」
Kraft paper prices have remained elevated, while cost increases including logistics and labor costs have continued. - FY2026WorsenedAnnual report
「In the film products segment, prices for polyethylene resin, the main raw material, remained high as logistics, labor and other expenses continued to rise, despite weak trends in naphtha prices. In addition, price increases and supply constraints in some areas resulting from heightened tensions in the Middle East have affected procurement.」
It states that, in addition to high raw material prices, increases in logistics and labor costs, as well as price increases and supply constraints related to the situation in the Middle East, affected procurement. - 2026-05-13WorsenedEarnings
「The price of kraft paper, the main raw material for heavy-duty bags, had remained high but rose further amid broad-based cost increases, including higher logistics and labor costs.」
In addition to elevated kraft paper prices, further price increases resulting from higher logistics and labor costs are reported. - FY2026-H1RestatedAnnual report
「The price of kraft paper, the main raw material for heavy-duty packaging bags, rose due to broad-based cost increases, including higher fuel and raw material expenses, logistics costs and labor costs, and has remained elevated since then.」
Kraft paper prices remain elevated after rising, with increases in logistics and labor costs, in addition to fuel and raw material expenses, cited as contributing factors. - FY2025-H1RestatedAnnual report
「The price of kraft paper, the main raw material for heavy-duty packaging bags, rose due to higher costs caused by a sharp increase in fuel and raw material expenses and has remained elevated since then.」
Kraft paper prices continue to remain elevated after rising, and the company continues to disclose upward pressure on raw material prices. - FY2024WorsenedAnnual report
「The price of kraft paper, the main raw material for heavy-duty packaging bags, rose last year due to a sharp increase in fuel and raw material costs and remains elevated.」
Kraft paper prices continue to rise and remain elevated, and upward pressure on raw material prices persists. - FY2024-Q3RestatedAnnual report
「Prices of polyethylene resin, the main raw material, continue to rise again due to the impact of foreign exchange rates, in addition to increases in naphtha prices, energy costs, logistics costs and other expenses.」
The view remains that resin prices continue to rise again. The company also states that kraft paper prices remain elevated against a backdrop of the sharp increase in fuel and raw material costs last year. - FY2024-Q2WorsenedAnnual report
「Prices of polyethylene resin, the main raw material, had temporarily stabilized but have resumed an upward trend due to increases in naphtha prices, energy costs, logistics costs and other expenses.」
In addition to elevated kraft paper prices, polyethylene resin, which had temporarily stabilized, has resumed an upward trend, indicating expanding upward pressure on raw materials and related costs. - FY2024-Q1WorsenedAnnual report
「The price of kraft paper, the main raw material for heavy-duty packaging bags, has continued to rise and remains elevated, reflecting higher costs caused by a sharp increase in fuel and raw material expenses.」
The company states that kraft paper prices continue to rise and remain elevated, indicating that upward pressure on raw material prices persists. - FY2023-Q2Price momentum eases, but raw material prices continue to riseAnnual report
「The price of kraft paper, the main raw material for heavy-duty packaging bags, has continued to trend higher since spring against a backdrop of a sharp increase in fuel and raw material costs.」
While overall resource price momentum has weakened from its earlier peak, the company discloses a continued upward trend in kraft paper prices and ongoing increases in polyethylene resin prices, indicating that upward pressure on raw material prices remains. - FY2023-Q1WorsenedAnnual report
「Resource prices have remained elevated, partly due to the prolonged conflict in Ukraine.」
In addition to elevated resource prices, surging raw material and energy prices have raised the cost ratio, and raw material price risk is having a tangible impact on earnings. - FY2022WorsenedAnnual report
「As resource prices worldwide continued to gain momentum, our group had no choice but to prepare for substantial increases in the prices of all raw materials, including not only resin-related materials but also kraft paper and auxiliary materials.」
The company now expects substantial increases across all raw materials, including kraft paper and auxiliary materials in addition to resin, indicating that the scope and severity of raw material price risk are expanding. - FY2022-Q3WorsenedAnnual report
「Prices of polyethylene resin, the main raw material, continue to rise in response to fluctuations in naphtha prices.」
Price increases for polyethylene resin continue, and the risk of higher raw material prices persists. - FY2022-Q2WorsenedAnnual report
「Prices of polyethylene resin, the main raw material, were raised repeatedly in response to fluctuations in naphtha prices.」
Repeated price increases for polyethylene resin indicate that the risk of higher raw material prices has become even more pronounced following the continued increases seen in the previous quarter. - FY2022-Q1WorsenedAnnual report
「Prices of polyethylene resin, the main raw material, continue to rise in response to fluctuations in naphtha prices.」
Polyethylene resin prices continue to rise, indicating that the risk of higher raw material prices is continuing and worsening. quantified is false and materialized is true. - FY2021-Q3Resin prices trend higher after decliningAnnual report
「Prices of polyethylene resin, the main raw material, initially declined in response to fluctuations in naphtha prices, then reversed course and began trending higher.」
The company states that polyethylene resin prices initially declined before turning to an upward trend again. - FY2021-Q2Resin prices rise again after decliningAnnual report
「Prices of polyethylene resin, the main raw material, declined in response to fluctuations in naphtha prices, but subsequently began to show signs of rising.」
Polyethylene resin prices turned from declines toward increases, and raw material price volatility continues. - FY2021-Q1MitigatedAnnual report
「Prices of base paper for heavy-duty packaging bags remained weak, although there were no major fluctuations. Prices of polyethylene resin, the main raw material, declined in response to fluctuations in naphtha prices.」
Base paper prices remained weak and polyethylene resin prices declined, indicating that upward price pressure has eased from the volatile raw material price trend seen in the previous quarter. - FY2020Raw material prices stable or volatile by itemAnnual report
「The price of kraft base paper for heavy-duty packaging bags remained stable after rising in the summer of 2018. Polyethylene resin and polystyrene resin, the raw materials, became volatile in response to fluctuations in naphtha prices and changes in the situation in the Middle East, but apart from a slight one-time increase in polystyrene, prices did not rise significantly.」
While kraft base paper prices remained stable, resin prices were volatile, indicating differing conditions by raw material. - FY2020-Q3WorsenedAnnual report
「Prices of polyethylene resin and polystyrene resin, the main raw materials, have been volatile in response to fluctuations in naphtha prices and changes in the situation in the Middle East.」
The company newly discloses volatility in prices of the main raw materials for film products, driven by naphtha prices and the situation in the Middle East. - FY2020-Q2MitigatedAnnual report
「Prices of polyethylene resin and polystyrene resin, the main raw materials, were reduced in the January–March quarter to reverse the increases recorded last summer, after which polystyrene resin rose slightly.」
The reversal of the previous resin price increases progressed, with only a slight increase in polystyrene resin prices. The company also discloses the effect of passing through higher base paper costs to product prices for heavy-duty packaging bags. quantified is false and materialized is true. - FY2020-Q1WorsenedAnnual report
「Prices of polyethylene resin and polystyrene resin, the main raw materials, were reduced in the January–March quarter to reverse the increases recorded last summer, after which further price increases were announced. There were no fluctuations during the April–June quarter.」
After the previous increases were reversed, further price increases for the main raw materials were announced, indicating that the risk of higher raw material prices has resurfaced. - FY2019MaterialisedAnnual report
「During the current consolidated fiscal year, kraft paper, the main raw material, rose sharply from the summer onward and significantly affected industry earnings. Our group also struggled to respond.」
The company states that the sharp rise in kraft paper prices significantly affected industry earnings and that our group also struggled to respond, indicating that raw material price risk materialized. - FY2019-Q3WorsenedAnnual report
「Paper manufacturers implemented substantial price increases for kraft base paper used in heavy-duty packaging bags, which had a major impact on industry earnings.」
The company states that substantial price increases were implemented for kraft base paper used in heavy-duty packaging bags, significantly affecting industry earnings. It also explains that prices of resin used for films have subsequently begun to soften. - FY2019-Q2WorsenedAnnual report
「In response to the rise in crude oil prices, polyethylene resin and polystyrene resin, the main raw materials, increased in price several times. Paper manufacturers also implemented substantial price increases for base paper used in heavy-duty packaging bags, citing higher raw material costs and other factors.」
The company states that resin raw material prices increased several times and that substantial price increases were implemented for base paper used in heavy-duty packaging bags. - FY2019-Q1WorsenedAnnual report
「Paper manufacturers announced price increases for base paper used in heavy-duty packaging bags, citing higher raw material costs and other factors, as they did for paper generally used in other applications. Some of the increases began to take effect in July.」
The company states that price increases for base paper were announced on the grounds of higher raw material prices and began to be implemented in some cases. - FY2018-Q3WorsenedAnnual report
「In response to fluctuations in crude oil prices, polyethylene resin and polystyrene resin, the main raw materials, rose and fell during the period before rising again.」
The company states that prices of the main raw materials rose, fell, and then increased again, confirming a recurrence of upward pressure on raw material prices. quantified is false and materialized is true. - FY2018-Q2WorsenedAnnual report
「In response to fluctuations in crude oil prices, polyethylene resin and polystyrene resin, the main raw materials, rose initially and then turned downward, but have recently shown signs of rising again.」
The company states that prices of the main raw materials fell initially and have since shown signs of rising again, indicating a recurrence of upward pressure on raw material prices. - FY2018-Q1MitigatedAnnual report
「In response to the rise in crude oil prices since late 2016, prices of polyethylene resin and polystyrene resin, the main raw materials, increased, but have recently begun to soften somewhat.」
The company states that prices of the main raw materials increased but have recently begun to soften, indicating that upward price pressure has weakened from the end of the previous fiscal year. - FY2017WorsenedAnnual report
「Prices of polyethylene resin and polystyrene resin, the raw materials, began to rise from the start of the year, reflecting a rebound in crude oil prices.」
Following the quarterly disclosure that prices of the main raw materials had shifted from weakness to increases, the full-year disclosure also confirms that prices have risen since the start of the year. - FY2017-Q3WorsenedAnnual report
「Prices of polyethylene resin and polystyrene resin, the main raw materials, remained weak, but have recently begun to rise due to supply and demand conditions.」
The company states that prices of the main raw materials are shifting from weakness toward increases, indicating a worsening trend in raw material price risk. - FY2017-Q2RestatedAnnual report
「In the same quarter of the previous year, increases in base paper prices were still being passed through to product prices, whereas margins improved overall in the cumulative second quarter of the current consolidated fiscal year, as base paper prices were stable.」
The company continues to cite stable base paper prices and the status of price pass-through as factors behind changes in margins. - FY2017-Q1First statedAnnual report
「Compared with the same quarter of the previous year, when the increase in base paper prices had not yet been fully passed through to product prices, margins improved overall in the cumulative first quarter of the current consolidated fiscal year, as base paper prices were stable.」
The company explains that price pass-through was delayed in the same quarter of the previous year, while margins improved this quarter because base paper prices were stable.