Worsening business environment due to rising crude oil prices
First written in FY2017. 7 of 20 entries say "Worsened", first in FY2019. Latest entry: 2026-08-05.
Shinto Paint moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2022: 17 of 29 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- 2026-08-05WorsenedEarnings
「原油価格の上昇を背景にナフサ価格が高水準で推移し原材料価格の上昇圧力が継続した」
原油価格上昇を背景とするナフサ高と原材料価格上昇圧力が継続した。 - FY2026RestatedAnnual report
「However, if raw material prices rise sharply due to changes in global supply and demand structures and geopolitical issues, delays in passing the increases through to the Group's product prices and other factors could affect the Group's financial position, operating results and cash flows.」
The company has continued to disclose risks including fluctuations in raw material prices, geopolitical factors, supply shortages and delays in passing through price increases. - 2026-05-12RestatedEarnings
「原材料価格の高止まりなどからコスト上昇圧力が続いておりますが、固定費の削減が進んだ結果、営業利益は255百万円（前連結会計年度比10.8％増）となりました。」
原材料価格の高止まりによるコスト上昇圧力は継続している一方、固定費削減が利益改善に寄与した。 - FY2026-H1RestatedAnnual report
「Although some export-related industries performed steadily as the yen weakened, rising raw material prices and labor costs have become factors putting pressure on corporate earnings.」
Cost pressures from rising raw material prices have continued, and rising labor costs are also cited as a factor putting pressure on corporate earnings. - FY2025RestatedAnnual report
「Although upward cost pressures have continued due to persistently high raw material prices and other factors, the revision of selling prices implemented in the previous consolidated fiscal year contributed, resulting in」
Persistently high raw material prices and upward cost pressures have continued, but profitability improved as a result of the previous year's revision of selling prices. - FY2025-H1RestatedAnnual report
「Although upward cost pressures have continued due to persistently high raw material prices and other factors, the revision of selling prices implemented in the previous consolidated fiscal year contributed, resulting in」
Persistently high raw material prices and upward cost pressures have continued. The document states that the previous year's revision of selling prices contributed to improved profitability. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, the correction of selling prices to offset the impact of soaring raw material prices and other factors, as well as production rationalisation, continued to remain limited in scope. As a result, we recorded an operating loss of ¥361 million, an ordinary loss of ¥241 million and a quarterly net loss attributable to owners of the parent of ¥403 million.」
Soaring raw material prices and delays in correcting selling prices and rationalizing production in response to their impact have continued. Meanwhile, the loss amount narrowed from the same period of the previous year. - FY2024-Q2RestatedAnnual report
「Although the revision of selling prices implemented in the previous consolidated fiscal year has contributed, upward cost pressures have continued due to persistently high raw material prices and other factors.」
Persistently high raw material prices and upward cost pressures have continued. Losses narrowed from the same quarter of the previous year following the revision of selling prices, but cost risks have not been eliminated. - FY2023WorsenedAnnual report
「The operating loss was ¥1,203 million, down ¥860 million from the previous consolidated fiscal year, due to soaring raw-material prices and delays in revising product prices as the company prioritised addressing quality-related misconduct.」
Delays in passing through soaring raw material prices have caused the increase in raw material costs to emerge more significantly as an operating loss of ¥1,203 million. - FY2023-Q3WorsenedAnnual report
「Economic conditions have become increasingly difficult due to the prolonged Russian invasion of Ukraine and the continued surge in global raw material prices.」
Continued soaring raw material prices have been identified as an external factor in the business environment, while product price adjustments and production rationalization have remained limited, leading to expanding operating losses and other effects. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter under review, the correction of selling prices to offset the impact of soaring raw material prices and other factors, as well as production rationalisation, remained limited in scope. As a result, we recorded an operating loss of ¥589 million, an ordinary loss of ¥474 million and a quarterly net loss attributable to owners of the parent of ¥860 million.」
The impact has emerged as expanding operating losses and other effects while the pass-through of soaring raw material prices and production rationalization remain insufficient. - FY2023-Q1WorsenedAnnual report
「The economic environment has become increasingly challenging due to sharp yen depreciation, the situation in Ukraine and soaring global raw material prices.」
The continued and expanding surge in global raw material prices has been identified as a factor affecting the business environment, and the risk related to raw material costs is worsening. - FY2022WorsenedAnnual report
「The company passed through only part of the increase in raw material prices, resulting in an operating loss of ¥343 million, compared with operating profit of ¥51 million in the previous consolidated fiscal year.」
With soaring raw material prices continuing, product price adjustments produced only limited results and did not adequately pass through the increases, resulting in a swing to an operating loss. - FY2022-Q2MaterialisedAnnual report
「With soaring prices for crude oil and other raw materials continuing, the outlook remains uncertain.」
The continued rise in crude oil and other raw material prices has become an actual source of uncertainty in the business environment. - FY2020ReframedAnnual report
「The purchase prices of the various raw materials used by the Group fluctuate depending on domestic and international supply and demand conditions. If purchase prices rise, delays in passing these increases through to the Group's product prices and other factors could affect the Group's financial position, operating results and cash flows. The Group seeks to reduce the risk of being unable to purchase raw materials by, among other measures, sourcing from multiple suppliers, but there is no guarantee that raw material shortages will never occur.」
In addition to the existing risk of rising crude oil and raw material prices, the company explicitly identified the risks of delays in passing through price increases and raw material shortages or securing supply. - FY2019WorsenedAnnual report
「During the current consolidated fiscal year, procurement costs for solvents such as xylene, resins such as epoxy resin and titanium oxide, and pigments increased due to rising crude oil prices, reduced supply resulting from tighter environmental regulations in China, and firm domestic demand, becoming a factor weighing on the Group's results. In the following consolidated fiscal year, the fiscal year ending March 2020, raw material prices are expected to remain high, and the Group intends to continue taking measures such as reducing costs through greater operating efficiency.」
Higher procurement costs resulting from rising crude oil prices and other factors weighed on full-year results, and raw material prices were expected to remain high in the following fiscal year. - FY2019-Q2MaterialisedAnnual report
「As a result, revenue from the paints business was ¥10,326 million, up 1.2% year on year, but ordinary profit was ¥368 million, down 24.9% year on year, due to higher cost of sales resulting from soaring raw material prices.」
Soaring raw material prices have emerged as an actual factor reducing ordinary profit in the paints business by 24.9% year on year through higher cost of sales. - FY2019-Q1MaterialisedAnnual report
「Although higher raw material prices persisted, increased sales volumes of paints lifted operating profit to ¥159 million, up 1.2% year on year. However, the performance of overseas affiliated companies deteriorated due to higher raw material prices and a decline in equity-method investment income, including the recognition of foreign exchange losses, resulting in ordinary profit of ¥197 million, down 13.8% year on year, and profit attributable to owners of the parent of ¥95 million, down 15.7% year on year.」
The continued rise in raw material prices has emerged as an actual factor weighing on ordinary profit and profit attributable to owners of the parent through weaker performance at overseas affiliates and lower equity-method investment income. - FY2018MaterialisedAnnual report
「During the current consolidated fiscal year, procurement costs for solvents such as xylene, resins such as epoxy resin and titanium oxide, and pigments increased due to rising crude oil prices, reduced supply resulting from tighter environmental regulations in China, and firm domestic demand, becoming a factor weighing on the Group's results.」
The document states that procurement costs for raw materials actually increased against a backdrop of rising crude oil prices, reduced supply due to tighter environmental regulations in China, and firm domestic demand, weighing on results. - FY2017First statedAnnual report
「In addition, the impact of rising crude oil prices is a concern, and the business environment surrounding the company is expected to become increasingly difficult.」
The impact of rising crude oil prices is identified for the first time as an external factor that will make the future business environment more difficult.