Risk of Inability to Pass Electricity and Crude Oil Price Increases on to Selling Prices
First written in FY2016. 7 of 13 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2021: 29 of 49 companies on the "Worse" side.
26 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As measures to address this risk, the Group is promoting efficiency through automation of its production facilities and replacing them with energy-saving equipment.」
The company identifies automation of production facilities and replacement with energy-saving equipment as measures to address the risk of higher electricity and crude oil prices and the inability to pass them through to sales prices. - FY2024MitigatedAnnual report
「In terms of profit, manufacturing costs increased as electricity charges rose. However, operating profit increased because procurement prices for liquefied petroleum gas declined in line with fluctuations in import prices, price revisions for various general high-pressure gases took hold, and nitrogen shipments remained strong, among other factors.」
Manufacturing costs increased because of higher electricity charges, while operating profit increased as price revisions took hold, LPG procurement prices declined, and nitrogen shipments remained strong. - FY2024-Q3MitigatedAnnual report
「In terms of profit, manufacturing costs increased as electricity charges rose. However, operating profit increased because procurement prices for liquefied petroleum gas declined in line with fluctuations in import prices, price revisions for various high-pressure gases took hold, and nitrogen shipments remained strong, among other factors.」
Manufacturing costs increased because of higher electricity charges, while operating profit increased because LPG procurement prices declined, price revisions took hold, and nitrogen shipments remained strong. - FY2024-Q2MitigatedAnnual report
「In terms of profit, manufacturing costs increased as electricity charges rose. However, operating profit increased because price revisions for various high-pressure gases took hold and nitrogen shipments remained strong, among other factors.」
Manufacturing costs increased because of higher electricity charges, while operating profit increased as price revisions for high-pressure gases took hold and nitrogen shipments remained strong. - FY2024-Q1MitigatedAnnual report
「On the profit side, manufacturing costs increased owing to higher electricity charges, but operating income increased as price revisions for various high-pressure gases took hold and shipments remained strong.」
Manufacturing costs increased because of higher electricity charges, but operating profit increased as price revisions for high-pressure gases took hold and shipments remained strong. - FY2023MitigatedAnnual report
「Manufacturing costs increased because of a substantial rise in electricity charges, and higher procurement costs for hydrogen also put pressure on earnings. However, operating profit increased because the company implemented price revisions for various high-pressure gases and shipments of food gases rose substantially, among other factors.」
Higher electricity charges and hydrogen procurement costs materialized, but full-year operating profit increased because of price revisions and higher food-gas shipments. - FY2023-Q3WorsenedAnnual report
「In terms of profit, manufacturing costs increased because of a substantial rise in electricity charges, and procurement costs for hydrogen also increased. However, operating profit increased because shipments of food gases rose substantially and the large-scale scheduled maintenance at the Tagajo Plant carried out in the previous year was not repeated, among other factors.」
The increase in electricity charges was described as a “substantial increase,” compared with the previous quarter, and the increase in manufacturing costs materialized. Meanwhile, operating profit increased because of higher food-gas shipments and the reversal of the decline caused by scheduled maintenance. - FY2023-Q2MaterialisedAnnual report
「On the profit side, overall manufacturing costs increased owing to higher electricity charges, and procurement costs for hydrogen also rose. However, operating income increased owing to a substantial rise in shipments of food-grade gases, price increases for various high-pressure gases, and the absence of the large-scale scheduled repairs at the Tagajo Plant carried out in the previous year, among other factors.」
The previously identified risk of higher electricity costs materialized and was reported as an overall increase in manufacturing costs. Meanwhile, operating profit increased as a result of price increases and other measures. - FY2023-Q1MitigatedAnnual report
「On the profit side, operating income increased owing to revisions to selling prices in response to higher procurement costs, as well as the absence of the large-scale scheduled repairs at the Tagajo Plant carried out in the same quarter of the previous year.」
The company reported that it revised sales prices in response to higher procurement costs, and operating profit increased in the quarter. - FY2022RestatedAnnual report
「If electricity costs, which account for a substantial portion of the manufacturing costs of oxygen, nitrogen, argon, hydrogen and other products, rise significantly because of surging crude oil prices and other factors, and the increases cannot be appropriately passed through to sales prices, the Group's earnings may be affected.」
The earnings impact of higher electricity and crude oil prices and the inability to pass them through to sales prices continues to be treated as a risk. - FY2020RestatedAnnual report
「If electricity costs, which account for a substantial portion of the manufacturing costs of oxygen, nitrogen, argon, hydrogen and other products, rise significantly because of surging crude oil prices and other factors, and the increases cannot be appropriately passed through to sales prices, the Group's earnings may be affected.」
The earnings impact of higher electricity costs and the inability to pass them through to sales prices continues to be treated as a key risk. - FY2017RestatedAnnual report
「Electricity costs, which account for a substantial portion of the manufacturing costs of oxygen, nitrogen, argon, hydrogen and other products, may rise significantly due to surging crude oil prices and other factors. If these increases cannot be passed through to sales prices, earnings may be affected.」
The earnings impact of higher electricity costs and the inability to pass them through to sales prices continues to be treated as a risk. - FY2016First statedAnnual report
「Electricity costs, which account for a substantial portion of the manufacturing costs of oxygen, nitrogen, argon, hydrogen and other products, may rise significantly due to surging crude oil prices and other factors. If these increases cannot be passed through to sales prices, earnings may be affected.」
Higher electricity costs and the inability to pass them through to sales prices are identified as factors that could affect earnings.