Fluctuations in Petroleum-Related Raw Material Prices
First written in FY2016. 11 of 24 entries say "Worsened", first in FY2017. Latest entry: 2026-10-15.
Kawakami Paint Manufacturing moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 40 of 57 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, the Japanese economy showed a gradual recovery due to improvements in employment and income conditions resulting from wage increases and robust capital investment. However, persistently high raw material and energy prices, rising crude oil and naphtha prices due to heightened tensions in the Middle East, and restrictions on the supply of raw materials posed downside risks to the economy, and the outlook remained uncertain.」
The rise in raw material prices, including crude oil and naphtha, has become more pronounced due to the situation in the Middle East, and the Company states that supply restrictions have also occurred for some raw materials. - FY2025WorsenedAnnual report
「As the Company was unable to fully offset the longer-than-anticipated period of soaring raw material prices and increases in various expenses, including logistics and personnel costs, through productivity improvements or passing costs on through selling prices, ordinary profit was ¥96 million, down 32.6% year on year, and profit attributable to owners of the parent was ¥72 million, down 57.6%.」
The prolonged rise in raw material prices and increases in logistics, personnel and other costs could not be fully offset through productivity improvements or passing costs on through selling prices, and materialized as declines in full-year ordinary profit and net profit. - FY2025-H1WorsenedAnnual report
「Profit was affected by lower sales, continued soaring raw material prices and increases in various expenses, including freight costs. Although the Company pursued price revisions, it reported an ordinary loss of ¥18 million, compared with ordinary profit of ¥83 million in the same period of the previous year.」
Although increases in raw material prices and freight and other costs continued and the Company pursued price revisions, they materialized as factors causing the shift from ordinary profit in the same period of the previous year to an ordinary loss. - FY2024WorsenedAnnual report
「In addition to lower net sales, the Company was unable to fully offset the longer-than-anticipated period of soaring raw material prices and increases in various expenses, including logistics and personnel costs, through productivity improvements and passing costs on through selling prices. As a result, ordinary profit was ¥142 million, ¥113 million below the ¥256 million plan for the consolidated fiscal year, representing a 44.2% decrease against the plan. The ordinary profit margin on net sales was 2.4%, below the planned 3.9%.」
The prolonged rise in raw material prices and increases in logistics, personnel and other costs could not be fully offset through productivity improvements or passing costs on through selling prices, and materialized as factors causing the ordinary profit and profit margin plans to be missed. - FY2024-Q2WorsenedAnnual report
「Although increases in raw material prices, freight and other expenses continued and the Company pursued price revisions, ordinary profit was ¥83 million, down 18.0% year on year, and profit attributable to owners of the parent was ¥58 million, down 23.4%.」
Although cost increases, including raw material prices and freight costs, continued and the Company pursued price revisions, they materialized as factors reducing ordinary profit and quarterly profit. - FY2023WorsenedAnnual report
「Although the Company worked to correct selling prices and reduce expenses, ordinary profit was ¥238 million, ¥61 million below the ¥300 million plan for the consolidated fiscal year, representing a 20.4% decrease against the plan, due to higher-than-anticipated increases in raw material and utility costs and increases in various expenses, including logistics costs. The ordinary profit margin on net sales was 3.9%, below the planned 4.9%.」
Increases in raw material, utility and logistics costs and other expenses exceeded the benefits of selling price corrections and expense reductions, specifically causing the ordinary profit and profit margin plans to be missed. - FY2023-Q3RestatedAnnual report
「Although soaring raw material prices and increases in various expenses, including logistics costs and electricity charges, continued, ordinary profit was ¥177 million, up 34.6% year on year, and profit attributable to owners of the parent was ¥135 million, up 30.9%, as a result of price revisions.」
In addition to soaring raw material prices, increases in logistics costs and electricity charges continue to drive increases in various expenses. Meanwhile, profit increased year on year as a result of price revisions. - FY2023-Q2RestatedAnnual report
「Soaring raw material prices and increases in various expenses, including freight and electricity charges, continued, resulting in an ordinary profit margin of 3.5%, below the ordinary profit margin of 3.8% for the full previous fiscal year.」
The Company continues to disclose that, in addition to soaring raw material prices, increases in freight, electricity and other expenses have depressed the profit margin. - FY2023-Q1WorsenedAnnual report
「As the Group operates in a single segment, the manufacture and sale of paints, segment information has been omitted.」
The Company separately states that soaring raw material prices and continued increases in freight, electricity and other expenses resulted in an ordinary profit margin of 2.9%, indicating that rising costs continue to affect profit. - FY2022WorsenedAnnual report
「Due to higher-than-anticipated increases in raw material and utility costs and increases in various expenses, including logistics costs, ordinary profit was ¥213 million, ¥16 million below the ¥230 million plan for the consolidated fiscal year, representing a 7.0% decrease against the plan. The ordinary profit margin on net sales was 3.8%, below the planned 4.0%.」
In addition to soaring raw material prices, increases in utility and logistics costs and other expenses specifically caused the profit plan to be missed, while the ordinary profit margin on net sales also fell below plan. - FY2022-Q3RestatedAnnual report
「Ordinary profit was ¥132 million, up 3.6% year on year, and profit attributable to owners of the parent was ¥103 million, up 1.7%, despite soaring raw material prices and increases in various expenses, including logistics costs and electricity charges.」
In addition to soaring raw material prices, increases in logistics costs and electricity charges continue to affect profit. - FY2022-Q2WorsenedAnnual report
「Ordinary profit was ¥84 million, up 0.8% year on year, and profit attributable to owners of the parent was ¥65 million, up 0.3%, despite soaring raw material prices and increases in various expenses, including logistics costs and electricity charges.」
Soaring raw material prices continue to affect results, while increases in logistics costs and electricity charges are specifically identified as factors increasing various expenses. - FY2022-Q1MaterialisedAnnual report
「Ordinary profit was ¥18 million, down 37.3% year on year, and profit attributable to owners of the parent was ¥16 million, down 36.8%, reflecting soaring raw material prices and increases in various expenses, including freight costs.」
Soaring raw material prices, together with increases in freight and other expenses, are cited as actual factors reducing profit. - FY2021MaterialisedAnnual report
「The economic environment remains uncertain, as concerns persist over the impact of soaring raw material prices, supply shortages and the global semiconductor shortage. From a business profitability perspective, rising raw material prices are a concern, and expenses including depreciation and personnel expenses are expected to continue increasing. The Company anticipates a challenging business environment.」
The Company describes a situation in which soaring raw material prices have continued and have actually affected the business environment, including through supply shortages. - FY2021-Q3RestatedAnnual report
「There are also concerns including restrictions on economic activity resulting from a resurgence of COVID-19 infections, high raw material prices and semiconductor shortages.」
The Company continues to cite high raw material prices as a concern. It does not state the specific amount of the impact of raw material prices on results. - FY2020RestatedAnnual report
「From a business profitability perspective, rising raw material prices are a concern, and expenses including depreciation and personnel expenses are expected to continue increasing. The Company anticipates a challenging business environment.」
The Company continues to disclose concerns about rising raw material prices and expected increases in depreciation, personnel expenses and other costs. - FY2019MaterialisedAnnual report
「This was attributable to the impact of soaring raw material prices and increases in various expenses, including personnel expenses and depreciation resulting from capital expenditures.」
Soaring raw material prices are specifically cited, alongside increases in personnel expenses and depreciation and other costs, as a factor reducing profit margins. - FY2018MaterialisedAnnual report
「Profit attributable to operating activities was ¥243 million (operating profit of ¥316 million in the same period of the previous year), ordinary profit was ¥290 million (¥354 million), and profit attributable to owners of the parent was ¥220 million (¥264 million), reflecting the impact of soaring raw material prices and increases in various expenses, including personnel expenses.」
Soaring raw material prices and increases in various expenses are cited as actual factors depressing profit, indicating that the risk of raw material price fluctuations has materialized in results. - FY2017WorsenedAnnual report
「From a business profitability perspective, a significant increase in paint material prices is a concern. In addition, the Company expects various expenses, including equipment-related costs, to increase, and anticipates a challenging business environment.」
Regarding raw material price risk, including crude oil and naphtha prices, the Company is concerned about a "significant increase" in raw material prices and increases in equipment-related and other costs, and anticipates a challenging business environment. - FY2016First statedAnnual report
「The Group's raw materials are highly dependent on petroleum-related products, and there is concern that trends in crude oil and naphtha prices will significantly affect the prices of paint materials, potentially having a substantial impact on results.」
The Company identifies its dependence on petroleum-related products for raw materials and the impact of fluctuations in crude oil and naphtha prices on material costs and results as risks.