Risk of Higher Raw Material Prices Due to Rising Crude Oil Prices

「The impact of higher raw material prices is expected to increase going forward.」

「Meanwhile, rising crude oil prices and shortages of naphtha and other materials resulting from the situation in the Middle East are concerns for the economy.」

「If supply shortages occur because of changes in the supply-demand balance or geopolitical risks, raw material prices may surge due to the resulting fluctuations, which could affect the Group's business performance.」

「During the cumulative first quarter of the current fiscal year, the business environment surrounding the Group remained uncertain due to persistently high energy and raw material prices, the prolonged Russian invasion of Ukraine, worsening conditions in the Middle East, and stagnation in the Chinese economy.」

「As raw material prices, energy costs and logistics costs continued to rise, the Company made every effort to pass cost increases through to product prices.」

「Amid difficult conditions for securing profits due to higher raw material prices, energy costs and logistics costs, the Company made every effort to pass cost increases through to product prices.」

「In addition, the Company was strongly affected by soaring raw material prices, energy costs and logistics costs, making it difficult to secure profits,」

「The Company was severely affected by higher raw material prices, energy costs and logistics costs, and, amid difficult conditions for securing profits, made every effort to pass cost increases through to product prices.」

「The Company was significantly affected by higher raw material prices, energy costs and logistics costs, but revised selling prices in line with cost increases and was able to pass these costs through to the prices of some products.」

「The Company was affected by a significant rise in raw material prices and higher logistics costs, but was able to pass these costs through to the prices of some products.」

「Because the principal raw materials used by the Group are derived from crude oil, they are affected by fluctuations in naphtha prices and foreign exchange rates. Depending on international conditions, raw material prices may surge, and they may also surge if the supply-demand balance is disrupted and shortages occur.」

「The Company's business environment is expected to remain challenging, with unstable raw material prices, foreign exchange volatility and ongoing competition from companies in other countries.」

「Prices of principal raw materials were affected by volatile crude oil and naphtha prices and the impact of chemical plant accidents in China, while prices of ancillary materials required for production and selling expenses increased.」

「Although crude oil and naphtha prices began to trend lower during the current fiscal year, prices of principal raw materials remained high, while prices of ancillary materials required for production and various selling expenses increased.」

「In the third quarter, the yen weakened, while crude oil and naphtha prices continued to rise year on year, prices for imported raw materials from China remained high, and prices for auxiliary raw materials also increased, causing raw material prices to continue rising.」

「Although the yen appreciated during the current fiscal year, raw material prices continued to rise because crude oil and naphtha prices were higher than last year and prices of imported raw materials from China increased.」

「Raw material costs showed an upward trend as the yen weakened and crude oil prices rose year on year.」

「Raw material costs showed an upward trend as the yen weakened and crude oil prices rose year on year.」

「For raw materials, the Company actively sought new suppliers in Japan and overseas amid the impact of the yen's depreciation and rising crude oil prices year on year.」

「Because the key raw materials used by the Company are derived from crude oil, increases in crude oil prices may raise raw material prices and affect business performance.」