Higher Raw Material Costs Due to Tighter Environmental Regulations in China and Rising Crude Oil and Naphtha Prices
First written in FY2019-Q1. 9 of 20 entries say "Restated". Latest entry: 2026-08-06.
Hodogaya Chemical moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
44 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「The Group faces a risk that supply restrictions from raw material manufacturers and difficulties in transportation due to the conflict in the Middle East could disrupt its production and shipping activities.」
In addition to previously persistently high and surging raw material and fuel prices, supply restrictions and transportation difficulties caused by the conflict in the Middle East, together with disruptions to production and shipping, were identified as specific risks. - FY2025RestatedAnnual report
「Meanwhile, persistently high resource prices associated with instability in the international situation, continued yen depreciation in the foreign exchange market, and rising prices due to advancing inflation affected companies' cost structures.」
Persistently high resource prices were reconfirmed as part of the business environment affecting corporate costs together with yen depreciation and inflation. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended the third quarter of the current fiscal year, Japan's economy was on a gradual recovery trend as economic activity began to recover. However, the outlook remains uncertain due to persistently high energy prices resulting from continuing instability in the international situation, the prolonged depreciation of the yen, and the resulting rise in prices.」
Persistently high energy prices continue to be identified as a concern in the business environment, together with prolonged yen depreciation and rising prices. - FY2024-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current fiscal year, Japan's economy was on a gradual recovery trend as it recovered from the COVID-19 pandemic. However, the outlook remains uncertain due to persistently high energy prices resulting from continuing instability in the international situation, the rapid depreciation of the yen, and the resulting rise in prices.」
Persistently high energy prices continue to be identified as a concern in the business environment, together with a sharp yen depreciation and rising prices. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended the third quarter of the current fiscal year, Japan's economy showed signs of recovery as restrictions on activity were eased, despite the continuing impact of COVID-19. However, the outlook remained uncertain due to high energy prices, the prolonged invasion of Ukraine by Russia, and the rapid depreciation of the yen.」
The risk associated with surging raw material and fuel prices continues to be identified as a concern in the business environment in the form of soaring energy prices. - FY2023-Q2WorsenedAnnual report
「During the first half of the fiscal year, Japan's economy showed signs of recovery in economic activity as restrictions on movement related to COVID-19 were eased. However, uncertainty about the outlook continued due to soaring energy prices, the prolonged Russian invasion of Ukraine, and the rapid depreciation of the yen.」
The cost-increase environment associated with surging raw material and fuel prices continues to be characterized by soaring energy prices and the prolonged invasion of Ukraine. - FY2023-Q1WorsenedAnnual report
「During the three-month period ended the first quarter of the current fiscal year, Japan's economy showed signs of recovery as restrictions on activity related to COVID-19 were eased and economic activity began to recover. However, the outlook remains uncertain due to surging raw-material and fuel prices, Russia's invasion of Ukraine, and the rapid depreciation of the yen.」
Raw material and fuel prices are said to have continued rising, with geopolitical factors arising from Russia's invasion of Ukraine added to the risk. - FY2022MaterialisedAnnual report
「Impact of sales: +¥3,481 million Impact of foreign exchange movements: +¥316 million Increase in miscellaneous expenses, etc.: △¥1,271 million Impact of raw material and fuel prices: △¥1,549 million」
The impact of raw material and fuel prices was quantified at ¥1,549 million as a factor reducing operating income, showing that higher costs affected results for the period. - FY2022-Q3RestatedAnnual report
「Recently, in addition to the rapid increase in infections involving mutant strains, uncertainty about the outlook continues due to soaring raw material and fuel prices, concerns about inflation, and other factors.」
In the previous filing, raw material and fuel prices were again identified as surging and remaining high as concerns in the business environment. - FY2022-Q2WorsenedAnnual report
「However, challenging conditions continue, including the potential for another resurgence of infections, the global semiconductor shortage, the impact on raw material procurement due to disruptions in logistics networks and power shortages in China, and soaring raw material and fuel prices.」
Raw material and fuel prices are described as having shifted from remaining high to surging, indicating stronger upward pressure on costs. - FY2020MaterialisedAnnual report
「Cost of sales increased by ¥354 million year on year to ¥24,663 million, due to persistently high raw material and fuel prices and higher depreciation associated with capital investment. The ratio of cost of sales to net sales increased by 0.5 percentage points to 66.2%.」
Persistently high raw material and fuel prices emerged in actual results as a factor behind the increase in cost of sales, quantifying the cost-increase risk. - FY2020-Q3RestatedAnnual report
「There were no new business or other risks during the nine-month period ended the third quarter of the current fiscal year. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is explicitly stated that there have been no significant changes in the existing risks relating to China's environmental regulations and raw material and fuel prices. - FY2019WorsenedAnnual report
「Meanwhile, the Japanese economy began to slow due to slower exports to China as a result of the impact of US-China trade friction and persistently high raw material and fuel prices.」
After a period of rising crude oil and naphtha prices, persistently high raw material and fuel prices are identified as factors affecting the economic and business environment for the full year. - FY2019-Q3Reversal from a decline to a renewed increaseAnnual report
「Recently, raw material prices have risen due to tighter environmental regulations in China. In addition, crude oil and naphtha prices, which had remained high due to OPEC's continued coordinated production cuts, temporarily entered a declining trend but have turned upward again.」
In addition to higher raw material prices due to tighter environmental regulations in China, crude oil and naphtha prices are described as having shifted from a temporary declining trend to a renewed upward trend. - FY2019-Q2RestatedAnnual report
「Recently, raw material prices have risen due to tighter environmental regulations in China. In addition, although OPEC decided to ease its coordinated production cuts, crude oil and naphtha prices have continued to rise amid heightened tensions in the Middle East and other factors.」
The increase in raw material prices due to tighter environmental regulations in China and the increase in crude oil and naphtha prices associated with heightened tensions in the Middle East and other factors continue to be described. - FY2019-Q1First statedAnnual report
「Recently, raw material prices have risen due to tighter environmental regulations in China. In addition, although OPEC agreed to ease its coordinated production cuts, crude oil and naphtha prices have continued to rise amid heightened tensions in the Middle East and other factors.」
Rising raw material prices and continued increases in crude oil and naphtha prices, against a backdrop of tighter environmental regulations in China and heightened tensions in the Middle East, are identified as new cost factors.