Risk of Fluctuations in Product Prices and Business Performance Due to Market Downturns
First written in FY2016. 4 of 8 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2025-H1.
Nippon Soda moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 16 of 23 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that no new business or other risks have arisen and that there have been no material changes to existing risks. - FY2024MaterialisedAnnual report
「Due to a decline in the benchmark zinc price, the Nonferrous Metals business decreased. As a result, consolidated net sales for the fiscal year were ¥8,090 million, down 5.5% year on year, and operating profit was ¥1 million, down 99.8% year on year.」
The impact of declining market conditions on performance materialized over the full year as lower sales in Eco-Solutions’ Nonferrous Metals business and a substantial decline in operating profit. - FY2024-Q2MaterialisedAnnual report
「Due to a decline in the benchmark zinc price, the Nonferrous Metals business decreased. As a result, net sales for the cumulative period were ¥3,960 million, down 11.6% year on year, and the business recorded an operating loss of ¥88 million, compared with operating profit of ¥432 million in the same period of the previous year.」
The impact of declining market conditions on business performance actually materialized as lower sales and an operating loss in the Nonferrous Metals business. - FY2020ReframedAnnual report
「Some products and services in our Group’s businesses are affected by economic fluctuations. Accordingly, significant changes in market conditions resulting from changes in the economic environment could have a material impact on the Group’s business performance.」
The previously disclosed risk of product price fluctuations due to declining market conditions has been recast as the risk of market fluctuations for products and services resulting from economic fluctuations and changes in the economic environment. - FY2018RestatedAnnual report
「Some of the products in our Group’s businesses are affected by market conditions and experience sharp price fluctuations. Accordingly, a significant decline in market conditions could have a material impact on the Group’s business performance.」
The risk of fluctuations in product prices and business performance due to declining market conditions continues to be disclosed in the risk section. Meanwhile, the Chemicals business discussion for the year also refers to a recovery in market conditions. - FY2017MaterialisedAnnual report
「In the Chemicals business, sales of industrial chemicals remained sluggish due to stagnant demand and weak market conditions. As a result, net sales for the fiscal year were ¥37,154 million, down 8.6% year on year, while operating profit, affected by exchange rates and other factors, was ¥1,556 million, down 27.3% year on year.」
Stagnant demand and weak market conditions also resulted in sluggish sales of industrial chemicals and lower sales and profit in the Chemicals business for the full year. - FY2017-Q2MaterialisedAnnual report
「In the Chemicals business, sales of industrial chemicals and chemical products remained sluggish due to stagnant demand and weak market conditions. In addition, sales declined due to the impact of the stronger yen and the discontinuation of sales of certain pharmaceutical ingredients. As a result, net sales in the Chemicals business for the cumulative period were ¥18,091 million, down 15.6% year on year, and operating profit was ¥716 million, down 56.3% year on year.」
Stagnant demand and weak market conditions actually resulted in sluggish sales of industrial chemicals and chemical products and lower sales and profit in the Chemicals business. - FY2016First statedAnnual report
「Some of the products in our Group’s businesses are affected by market conditions and experience sharp price fluctuations. Accordingly, a significant decline in market conditions could have a material impact on the Group’s business performance.」
The potential risk of the impact of a significant decline in market conditions on prices and business performance is identified.