Raw Material and Fuel Price Volatility Risk

「In addition to implementing selling-price increases and thorough cost reductions, the company recorded a reversal of an inventory valuation loss. Nevertheless, it posted an operating loss of ¥20 million (operating loss of ¥170 million in the same period of the previous year).」

「In terms of earnings, owing to lower revenue, decreased production volumes and persistently high prices for major raw materials and fuels, the company recorded an operating loss of ¥578 million, compared with operating profit of ¥251 million in the same period of the previous year, an ordinary loss of ¥503 million, compared with ordinary profit of ¥215 million, and a quarterly net loss attributable to owners of the parent of ¥381 million, compared with quarterly net profit attributable to owners of the parent of ¥168 million.」

「In terms of earnings, owing to lower revenue, decreased production volumes and persistently high prices for major raw materials and fuels, the company recorded an operating loss of ¥277 million, compared with operating profit of ¥216 million in the same period of the previous year, an ordinary loss of ¥277 million, compared with ordinary profit of ¥184 million, and a quarterly net loss attributable to owners of the parent of ¥192 million, compared with quarterly net profit attributable to owners of the parent of ¥159 million.」

「In terms of earnings, owing to lower revenue, decreased production volumes and persistently high prices for major raw materials and fuels, the company recorded an operating loss of ¥39 million, compared with operating profit of ¥185 million in the same period of the previous year, an ordinary loss of ¥37 million, compared with ordinary profit of ¥190 million, and a quarterly net loss attributable to owners of the parent of ¥26 million, compared with quarterly net profit attributable to owners of the parent of ¥136 million.」

「Despite the impact of higher prices for key raw materials and fuels, selling-price adjustments and cost reductions resulted in an operating profit of ¥385 million, up 3.3% from the previous consolidated fiscal year, and an ordinary profit of ¥341 million, up 18.5%.」

「On the earnings front, lower net sales and higher prices for key raw materials and fuels resulted in an operating profit of ¥251 million, down 16.8% year on year, an ordinary profit of ¥215 million, down 6.4%, and quarterly net income attributable to owners of the parent of ¥168 million, down 11.4%.」

「On the earnings front, although net sales increased owing to recovering demand and selling-price adjustments, the impact of higher prices for key raw materials and fuels resulted in an operating profit of ¥216 million, down 3.1% year on year.」

「In terms of earnings, despite the impact of soaring prices for major raw materials and fuels, operating profit was ¥185 million, up 28.4% year on year, ordinary profit was ¥190 million, up 94.7%, and net profit attributable to owners of the parent was ¥136 million, up 125.2%, owing to higher revenue from the recovery in demand and the correction of selling prices, as well as the effect of cost reductions from increased production volumes.」

「As a result, segment net sales were ¥2,622 million, up 44.0% from the previous consolidated fiscal year. Although production volume also increased in addition to higher net sales, the segment was affected by higher prices for key raw materials and fuels, resulting in an operating loss of ¥76 million (operating loss of ¥266 million in the previous consolidated fiscal year).」

「Shipment volumes increased due to factors including recovering demand for products for toner external additives and UV-protection cosmetics as economic activity began to recover from the contraction caused by COVID-19, and strong shipments of products for lithium-ion secondary batteries. As a result, segment net sales amounted to ¥3,915 million, up 26.6% year on year. Despite the impact of higher depreciation expenses associated with the expansion of the ultrafine-particle titanium dioxide production facility and soaring prices for key raw materials and fuels, operating profit amounted to ¥338 million, up 357.9% year on year, due to factors including higher net sales and production volumes.」

「Although earnings were affected by higher depreciation expenses associated with the expansion of ultra-fine titanium dioxide production facilities and higher prices for key raw materials and fuels, increased net sales and a higher capacity utilization rate resulted in an operating profit of ¥223 million (operating loss of ¥78 million in the same period of the previous year), an ordinary profit of ¥156 million (ordinary loss of ¥120 million in the same period of the previous year), and quarterly net income attributable to owners of the parent of ¥118 million (quarterly net loss attributable to owners of the parent of ¥129 million in the same period of the previous year).」

「Although earnings were affected by higher depreciation expenses associated with the expansion of ultra-fine titanium dioxide production facilities and higher prices for key raw materials and fuels, increased net sales and a higher capacity utilization rate resulted in an operating profit of ¥144 million, up 91.7% year on year, an ordinary profit of ¥97 million, up 32.2%, and quarterly net income attributable to owners of the parent of ¥60 million, up 13.6%.」

「Some of the raw materials and fuels purchased by the Group are affected by market conditions. Although the Group takes appropriate measures as necessary, including absorbing the impact through cost-reduction initiatives, these factors could affect the Group’s operating results and other aspects of its performance in some circumstances.」

「Some of the fuels and raw materials purchased by the company are affected by market conditions. The company responds as appropriate, including by absorbing the impact through cost-reduction activities and other measures, but this may in some cases affect its financial position and operating results.」

「Despite higher raw material prices, a substantial increase in net sales and a higher capacity utilization rate resulted in an operating profit of ¥374 million (operating loss of ¥33 million in the same period of the previous year), an ordinary profit of ¥363 million (ordinary loss of ¥42 million in the same period of the previous year), and quarterly net income of ¥348 million (quarterly net loss of ¥53 million in the same period of the previous year).」

「On the earnings front, despite higher raw material prices, a substantial increase in net sales and a higher capacity utilization rate resulted in an operating profit of ¥166 million (operating profit of ¥11 million in the same period of the previous year), an ordinary profit of ¥164 million (ordinary profit of ¥6 million in the same period of the previous year), and quarterly net income of ¥159 million (quarterly net income of ¥2 million in the same period of the previous year).」

「Some of the fuels and raw materials purchased by the company are affected by market conditions. The company responds as appropriate, including by absorbing the impact through cost-reduction activities and other measures, but this may in some cases affect its financial position and operating results.」

「On the earnings front, although net sales increased, the burden of FDA (U.S. Food and Drug Administration) review costs for expanding sales overseas, costs associated with compliance with European REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), and soaring raw material and fuel prices resulted in an operating loss of ¥33 million (operating loss of ¥44 million in the same period of the previous year), an ordinary loss of ¥42 million (ordinary loss of ¥53 million in the same period of the previous year), and a quarterly net loss of ¥53 million (quarterly net loss of ¥61 million in the same period of the previous year).」

「Due to the costs of responding to FDA (U.S. Food and Drug Administration) reviews for overseas expansion and the European REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) regulation, as well as soaring raw material costs, operating loss was ¥44 million, compared with an operating loss of ¥40 million in the same period of the previous year; ordinary loss was ¥62 million, compared with an ordinary loss of ¥53 million; and quarterly net loss was ¥72 million, compared with a quarterly net loss of ¥60 million.」

「In terms of profit and loss, although revenue increased, operating income was ¥11 million, down 60.3% year on year, ordinary income was ¥6 million, down 77.6%, and quarterly net income was ¥2 million, down 91.9%, due to increases in research and development expenses and raw material costs, among other factors.」

「Some of the fuels and raw materials purchased by the company are affected by market conditions. The company responds as appropriate, including by absorbing the impact through cost-reduction activities and other measures, but this may in some cases affect its financial position and operating results.」

「Some of the fuels and raw materials purchased by the company are affected by market conditions. The company responds as appropriate, including by absorbing the impact through cost-reduction activities and other measures, but this may in some cases affect its financial position and operating results.」