Fluctuations in crude oil-based raw material prices

「In addition to the sharp rise in crude oil prices caused by worsening conditions in the Middle East, raw-material and fuel prices rose substantially due to concerns about the supply of petrochemical products, including naphtha, making the appropriate pass-through of these increases into product prices an urgent issue.」

「Raw material prices are also trending upward as crude oil prices rise and supply becomes less stable.」

「Crude oil prices remained soft during the period against the backdrop of OPEC+ production policy and demand outlook, but surged toward the fiscal year-end amid concerns about supply related to the situation in the Middle East and subsequently remained at high levels.」

「In addition, crude oil prices declined due to the global economic slowdown and OPEC+'s policy of increasing crude oil production.」

「In addition, crude oil prices remained elevated due to geopolitical risks in the Middle East.」

「In addition, the business environment remains unpredictable, as crude oil prices have declined against a backdrop of growing geopolitical risks in the Middle East and concerns about the outlook for the US and Chinese economies.」

「Although the global economy is slowing, crude oil prices have been trending upward against a backdrop of heightened tensions in the Middle East. In addition, price competition in the Japanese and Asian markets has intensified due to weak domestic demand in China and excess supply of Chinese products, leaving the business environment unpredictable.」

「In addition, the business environment remains unpredictable, as crude oil prices have been subject to conflicting expectations of both increases and declines due to the global economic slowdown and supply uncertainty.」

「In the chemicals industry, the foreign exchange market moved toward a weaker yen amid expectations of prolonged monetary tightening in the US and Europe, while crude oil prices were subject to conflicting expectations of both increases and declines due to the global economic slowdown and supply uncertainty. However, the business environment remains unpredictable, as prices have surged recently amid heightened supply uncertainty.」

「The business environment remains unpredictable, as crude oil prices have been subject to conflicting expectations of both price increases and declines due to the global economic slowdown and supply uncertainty.」

「The business environment remains unpredictable, as crude oil prices have moved without a clear direction amid conflicting expectations of both price increases and declines due to global concerns about an economic slowdown and supply uncertainty.」

「In the chemical industry, the yen has depreciated sharply due to interest rate hikes in the United States and Europe, while crude oil prices have moved unstably as expectations of both price increases and decreases have intersected amid concerns about a global economic slowdown and supply uncertainty. As a result, the business environment remains unpredictable.」

「In the chemical industry, the yen has recently depreciated sharply due to U.S. interest rate hikes, while crude oil prices remain elevated amid supply shortages. As a result, the business environment remains unpredictable.」

「In the chemical industry, the yen has been trending lower following the start of the U.S. monetary policy tightening cycle, while raw material prices have been trending upward due to higher crude oil prices and a recovery in demand. As a result, the business environment remains unpredictable.」

「In the chemicals industry, the foreign exchange market has been volatile amid conflicting expectations over when the US will begin scaling back its monetary easing policy, while raw material prices have been trending upward due to rising crude oil prices and recovering demand. As a result, the business environment remains unpredictable.」

「In the chemicals industry, the foreign exchange market has been volatile amid conflicting expectations over when the US will begin scaling back its monetary easing policy, while raw material prices have been trending upward due to rising crude oil prices and recovering demand. As a result, the business environment remains unpredictable.」

「A substantial portion of the raw materials used by the Group is derived from crude oil, and crude oil prices fluctuate due to various factors, including the situation in the Middle East, supply and demand, and foreign exchange rates. An increase in raw material prices resulting from higher crude oil prices adversely affects the Group's operating results and financial position.」

「Raw material prices are in an unstable state, having fallen sharply due to the decline in crude oil prices and the sluggish global economy and then begun to recover,」

「In the chemical industry, the yen has been trending higher amid growing expectations that U.S. monetary easing will continue, while raw material prices, after falling sharply due to lower crude oil prices and a sluggish global economy, have begun to recover. As a result, the business environment remains unstable and unpredictable.」

「Raw material prices are in an unstable state, having fallen sharply due to the decline in crude oil prices and the sluggish global economy and then begun to recover somewhat,」

「The business environment remains unpredictable, with raw material prices becoming unstable due to heightened tensions in the Middle East and the foreign exchange market trending toward a stronger yen amid the shift toward looser US monetary policy.」

「In the chemical industry, the yen has been trending higher amid risk aversion driven by growing concerns about a global economic slowdown and the shift in U.S. monetary policy toward easing, while raw material prices have become unstable due to rising tensions in the Middle East and concerns about a global economic slowdown. As a result, the business environment remains unpredictable.」

「Raw material prices have become unstable due to rising tensions in the Middle East and concerns about a global economic slowdown, and the business environment remains unpredictable.」

「After raw material prices, which had been trending upward, turned downward in the third quarter, they rose again in the fourth quarter, and the business environment remains unpredictable.」

「In the chemical industry, although the foreign exchange market remained stable, raw material prices, which had been trending upward, turned downward during the quarter. As a result, the business environment remains unpredictable.」

「In the chemical industry, although the foreign exchange market is stable, raw material prices continue to trend upward, and the business environment remains unpredictable.」

「In the chemical industry, although the foreign exchange market is stable, raw material prices continue to trend upward, and the business environment is becoming more challenging.」

「In terms of profit, despite higher sales volumes, operating income decreased 12.1% year on year to ¥11,999 million, ordinary income decreased 9.6% to ¥13,866 million, and net income attributable to owners of the parent decreased 9.0% to ¥9,272 million, due mainly to a narrowing of the sales spread associated with higher raw material prices.」

「In the chemical industry, although the foreign exchange market is stable with the yen depreciating, raw material prices, which had been trending downward, have risen, and the business environment is becoming more challenging.」

「In the chemical industry, although the foreign exchange market is stabilizing with the yen depreciating, raw material prices, which had been trending downward, have begun to rise, and the business environment is gradually becoming more challenging. Under these conditions, net sales for the cumulative second-quarter period increased 8.4% year on year to ¥78,075 million, due mainly to higher sales volumes and revisions to selling prices in response to higher raw material prices. Operating income decreased 21.9% year on year to ¥5,880 million, despite higher sales volumes, due mainly to a narrowing of the sales spread associated with higher raw material prices.」

「In the chemical industry, raw material prices, which had been trending upward, have recently turned downward, while the foreign exchange market remains unstable. As a result, the business environment remains unpredictable. Under these conditions, operating income for the cumulative first-quarter period decreased 20.4% year on year to ¥3,175 million, despite higher sales volumes, due mainly to a narrowing of the sales spread associated with higher raw material prices.」

「In the chemical industry, raw material prices, which had continued to decline, turned upward, while the foreign exchange market shifted from a trend of yen appreciation to yen depreciation. As a result, the business environment remains unpredictable.」

「In the chemical industry, raw material prices continued to decline, but signs of a bottom emerged. In addition, with the yen continuing to appreciate, the business environment is gradually becoming more challenging.」