Risk of Price Fluctuations and Supply Disruptions Involving Petroleum-Related Raw Materials
First written in FY2016. 25 of 37 entries say "Restated". Latest entry: 2026-11-04.
The whole theme swung hardest in 2018: 7 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「In Japan as well, concerns remain over supply uncertainty for raw materials and other items, persistently high energy prices, persistently high corporate and consumer prices, and downside risk to consumer sentiment from continued inflation, and the environment surrounding the Group remains unpredictable.」
In addition to the conventional risk of raw material price volatility, the disclosure explicitly cites supply uncertainty for raw materials and other items, persistently high energy prices and inflation, and concerns over weaker consumer sentiment. It also describes measures to absorb increases in raw material and energy costs, indicating that price increase risk is affecting the actual earnings environment. - FY2026-H1RestatedAnnual report
「In Japan as well, concerns remain over persistently high raw material prices and corporate prices and rising consumer prices, and the environment surrounding the Group remains unpredictable.」
Persistently high raw material prices and corporate prices and rising consumer prices continue to be identified as external risks related to raw material price volatility and cost increases. - FY2025-H1RestatedAnnual report
「In Japan as well, concerns remain over persistently high raw material and energy prices, persistently high corporate and consumer price indexes, and stagnating consumer sentiment due to natural disasters, and the environment surrounding the Group remains unpredictable.」
Persistently high raw material and energy prices and price indexes continue to be identified as external risks related to price volatility and cost increases for petroleum-related raw materials. Stagnating consumer sentiment due to natural disasters is also cited as a concern. - FY2024RestatedAnnual report
「The Group relies heavily on petroleum-related products for its raw materials, and fluctuations in crude oil and naphtha prices and other factors may affect the prices of paint materials, potentially having a significant impact on business performance. In addition, if it becomes difficult to procure raw materials sourced from specific manufacturers because of a disaster or accident affecting those manufacturers, the Group’s production and operating results may be affected.」
Dependence on petroleum-related raw materials, volatility in crude oil and naphtha prices, and reliance on specific manufacturers for supply continue to be identified as major risks. - FY2024-Q3RestatedAnnual report
「In Japan as well, concerns remain over persistently high raw material and energy prices and corporate and consumer price indexes, and the environment surrounding the Group remains unpredictable.」
Persistently high raw material and energy prices and price indexes continue to be identified as external risks related to price volatility and cost increases for petroleum-related raw materials. - FY2024-Q2RestatedAnnual report
「In Japan as well, concerns remain over persistently high raw material and energy prices and increases in the corporate and consumer price indexes, and the environment surrounding the Group remains unpredictable.」
Persistently high raw material and energy prices and increases in corporate and consumer prices continue to be identified as external risks related to price volatility in petroleum-related raw materials. - FY2024-Q1RestatedAnnual report
「Although the global economy is showing signs of recovery despite stagnation in some regions, it faces downside risk from the prolonged situation in Ukraine, the impact of global monetary tightening, and inflation. In Japan as well, concerns remain over persistently high raw material prices and increases in the corporate and consumer price indexes, and the environment surrounding the Group remains unpredictable.」
The prolonged situation in Ukraine, inflation, persistently high raw material prices, and rising price indexes continue to be identified as external risks related to raw material prices and the supply environment. - FY2023RestatedAnnual report
「To address rising raw material and energy prices and logistics costs, the Group will focus on production and operational efficiencies and secure earnings by ensuring a stable supply of products.」
The disclosure continues to identify the risk of sustained increases in raw material and energy prices and logistics costs, with the Group responding through production efficiencies, operational efficiencies, and a stable supply of products. - FY2023-Q3RestatedAnnual report
「Although the global economy is showing signs of recovery despite stagnation in some regions, Japan is also beginning to recover. However, uncertainty over the situation in Ukraine continues, and the environment surrounding the Group remains unpredictable amid rising energy and raw material prices, supply constraints, and increases in the corporate and consumer price indexes.」
Uncertainty over the situation in Ukraine, rising energy and raw material prices, supply constraints, and increases in corporate and consumer prices continue to be identified as risks in the external environment. - FY2023-Q2RestatedAnnual report
「Although the global economy is showing signs of recovery despite stagnation in some regions, Japan is also beginning to recover. However, uncertainty over the situation in Ukraine continues, and the environment surrounding the Group remains unpredictable amid rising energy and raw material prices, supply constraints, and increases in the corporate and consumer price indexes.」
Uncertainty over the situation in Ukraine, rising energy and raw material prices, supply constraints, and inflation continue to be identified as risks in the external environment. - FY2023-Q1WorsenedAnnual report
「The environment surrounding the Group remains unpredictable, with uncertainty arising from the situation in Ukraine, the lingering impact of restrictions on economic activity in China, rising raw material prices, supply constraints, and increases in the corporate and consumer price indexes.」
The disclosure explicitly cites higher raw material prices, supply constraints, and increases in corporate and consumer prices. The impact of the situation in Ukraine and restrictions on economic activity in China also continues, making raw material price and supply risks more concrete. - FY2022WorsenedAnnual report
「Regarding the economic outlook, the future direction of energy prices, including crude oil prices, due to the situation in Ukraine and other factors, as well as the timing of the end of the COVID-19 pandemic and the impact of its spread, remain uncertain. The outlook is therefore extremely unclear.」
In addition to the conventional risk from crude oil and naphtha prices, the disclosure explicitly cites trends in energy prices resulting from the situation in Ukraine. It also states that higher raw material prices and logistics costs pressured profit for the period. - FY2022-Q3RestatedAnnual report
「In Japan, although the economy is expected to recover through third COVID-19 vaccinations, the wider availability of treatments, and improvements in the healthcare system, the environment surrounding the Group remains unpredictable, including a resurgence of infections and trends in crude oil prices.」
Trends in crude oil prices continue to be identified as a concern in the external environment related to the price volatility risk of petroleum-related raw materials. No rise in crude oil prices or new supply disruption is described as having materialized. - FY2022-Q2RestatedAnnual report
「In Japan, although the economy is expected to recover through the effects of COVID-19 vaccinations, the development and wider availability of treatments, and improvements in the healthcare system, the environment surrounding the Group remains unpredictable, including a resurgence of infections and trends in crude oil prices.」
For crude oil prices, the disclosure continues to use the term “trend,” indicating that the price volatility risk of petroleum-related raw materials remains. No rise in crude oil prices or new supply disruption is described as having materialized. - FY2022-Q1RestatedAnnual report
「In Japan, although the effects of COVID-19 vaccinations are expected to support an economic recovery, the environment surrounding the Group remains unpredictable, including a resurgence of infections and trends in crude oil prices.」
For crude oil prices, the disclosure continues to use the term “trend,” indicating that the price volatility risk of petroleum-related raw materials remains. No rise in crude oil prices or new supply disruption is described as having materialized. - FY2021MaterialisedAnnual report
「Rising raw material prices, together with higher costs, will pressure earnings. Under these conditions, the Group is responding by absorbing higher costs through production and operational efficiencies and by passing them through to some selling prices.」
Rising raw material prices and logistics expenses continue to actually pressure earnings, with the Group responding through production efficiencies, operational efficiencies, and the pass-through of costs into selling prices. - FY2021-Q3RestatedAnnual report
「The global economy faces downside risk from the economic impact of a resurgence of COVID-19 infections. In Japan as well, the environment surrounding the Group remains unpredictable, including a resurgence of infections toward the end of the year and trends in crude oil prices.」
For crude oil prices, the disclosure continues to use the term “trend,” indicating that the price volatility risk of petroleum-related raw materials remains. No rise in crude oil prices or supply disruption is described as having materialized. - FY2021-Q2RestatedAnnual report
「Meanwhile, although the global economy is showing signs of recovery from difficult conditions amid the global COVID-19 pandemic, concerns remain over a resurgence of infections, and the environment surrounding the Group remains unpredictable, including trends in crude oil prices.」
For crude oil prices, the disclosure continues to use the term “trend,” indicating that the price volatility risk of petroleum-related raw materials remains. No rise in crude oil prices or supply disruption is described as having materialized. - FY2021-Q1RestatedAnnual report
「Meanwhile, although the global economy is expected to recover from difficult conditions amid the impact of the global COVID-19 pandemic, the environment surrounding the Group remains unpredictable, including trends in crude oil prices.」
For crude oil prices, the disclosure continues to use the term “trend,” indicating that the price volatility risk of petroleum-related raw materials remains. No rise in crude oil prices or supply disruption is described as having materialized. - FY2020MaterialisedAnnual report
「Although the Company worked to consolidate products and reduce total costs, rising raw material prices, logistics costs and other expenses resulted in operating income of ¥619 million, down 6.5% year on year; ordinary income of ¥787 million, down 5.3%; and net income attributable to owners of the parent of ¥539 million, down 2.9%.」
Rising raw material prices and logistics costs again actually pressured earnings and were disclosed as factors behind the decline in profit. - FY2020-Q3RestatedAnnual report
「Meanwhile, the environment surrounding the Group remains unpredictable, amid developments in the policies of the U.S. administration, trade issues, renewed political instability in Europe, crude oil prices resulting from the situation in the Middle East, trends in consumer sentiment following the consumption tax rate increase, and the impact of a succession of natural disasters on the economy.」
Trends in crude oil prices resulting from the situation in the Middle East continue to be identified as a concern in the external environment. No rise in crude oil prices or supply disruption is described as having materialized. - FY2020-Q2RestatedAnnual report
「Meanwhile, the environment surrounding the Group remains unpredictable, amid developments in the policies of the U.S. administration, trade issues, renewed political instability in Europe, trends in crude oil prices resulting from the situation in the Middle East, and the impact of a succession of natural disasters on the economy.」
For crude oil prices, the disclosure continues to use the term “trend,” as in the previous quarter, indicating that the price volatility risk of petroleum-related raw materials remains. The link to the situation in the Middle East is explicitly stated, but no rise in crude oil prices or supply disruption is described as having materialized. - FY2020-Q1SoftenedAnnual report
「Meanwhile, the environment surrounding the Group remains unpredictable, amid developments in the policies of the U.S. administration, trade issues, renewed political instability in Europe, and trends in crude oil prices.」
For crude oil prices, the disclosure uses the term “trend” rather than the “upward trend” cited in the previous fiscal year or the actual rise in raw material prices, weakening the way external conditions related to price volatility risk are presented. Meanwhile, an uncertain environment, including crude oil prices, continues. - FY2019MaterialisedAnnual report
「Although the Company worked to consolidate products and reduce total costs, rising raw material prices, logistics costs and other expenses resulted in operating income of ¥662 million, down 12.4% year on year; ordinary income of ¥832 million, down 11.5%; and net income attributable to owners of the parent of ¥555 million, down 10.7%.」
Rising raw material prices and logistics costs again actually pressured earnings and were disclosed as factors behind the decline in operating income and other profit measures. - FY2019-Q3MitigatedAnnual report
「Meanwhile, although the rise in crude oil prices is beginning to ease, the environment surrounding the Group remains unpredictable, amid developments in the policies of the U.S. administration, trade issues, and renewed political instability in Europe.」
The wording has changed to indicate that the rise in crude oil prices is beginning to ease, suggesting that external factors related to price volatility in petroleum-related raw materials have moderated from the previous quarter. Other concerns in the external environment continue. - FY2019-Q2RestatedAnnual report
「Meanwhile, the environment surrounding the Group remains unpredictable, amid developments in the policies of the U.S. administration, trade issues, political instability in Europe, rising crude oil prices, and the impact of a succession of natural disasters on the economy.」
Rising crude oil prices continue to be identified as a concern in the external environment. No material change from the previous quarter is explicitly indicated regarding raw material price risk. - FY2019-Q1WorsenedAnnual report
「Meanwhile, the environment surrounding the Group remains unpredictable, amid developments in the policies of the U.S. administration, trade issues, renewed political instability in Europe, and rising crude oil prices.」
The disclosure explicitly cites rising crude oil prices, indicating deterioration in external conditions related to the risk of price volatility for petroleum-related raw materials. - FY2018MaterialisedAnnual report
「Although the Company worked to consolidate products and reduce total costs, rising raw material prices, logistics costs and other expenses resulted in operating income of ¥756 million, down 11.1% year on year; ordinary income of ¥939 million, down 8.9%; and net income attributable to owners of the parent of ¥621 million, down 10.2%.」
In addition to higher prices for petroleum-related raw materials, rising logistics costs actually pressured earnings and were disclosed as factors behind the decline in profit. Raw material price and supply risks are shown to have materialized. - FY2018-Q3RestatedAnnual report
「Concerns over the policies of the U.S. administration and rising global geopolitical risks have left the direction of crude oil prices and foreign exchange rates uncertain, and concerns remain over the impact of uncertainty in overseas economies and volatility in financial and capital markets.」
The uncertain direction of crude oil prices continues to be identified as an uncertainty in the business environment. - FY2018-Q2RestatedAnnual report
「During the first six months of the fiscal year, the Japanese economy showed improvements in employment and income conditions and signs of a recovery in capital investment. Emerging Asian economies, including China, also showed signs of recovery. However, concerns over the policies of the U.S. administration and rising global geopolitical risks have left the direction of crude oil prices and foreign exchange rates uncertain, and concerns remain over the impact of uncertainty in overseas economies and volatility in financial and capital markets.」
The uncertain direction of crude oil prices and foreign exchange rates continues to be identified as an uncertainty in the business environment. - FY2018-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the Japanese economy showed improvements in employment and income conditions and signs of a recovery in capital investment. Emerging Asian economies, including China, also showed signs of recovery. However, concerns over the policies of the U.S. administration and rising global geopolitical risks have left the direction of crude oil prices and foreign exchange rates uncertain, and the economic outlook remains unclear.」
The uncertain direction of crude oil prices continues to be identified as an uncertainty in the business environment. - FY2017RestatedAnnual report
「The Group relies heavily on petroleum-related products for its raw materials, and fluctuations in crude oil and naphtha prices and other factors may affect the prices of paint materials, potentially having a significant impact on business performance. In addition, if it becomes difficult to procure raw materials sourced from specific manufacturers because of a disaster or accident affecting those manufacturers, the Group’s production and operating results may be affected.」
Dependence on petroleum-related raw materials, price volatility, and reliance on specific manufacturers for supply continue to be identified as major risks. - FY2017-Q1RestatedAnnual report
「Although the employment and income environment continues to show a gradual recovery, downside risks remain from trends in crude oil prices and an economic slowdown in emerging Asian economies, including China, and uncertainty about the outlook continues.」
The trend in crude oil prices continues to be identified as a business-environment risk. - FY2016First statedAnnual report
「The Group relies heavily on petroleum-related products for its raw materials, and fluctuations in crude oil and naphtha prices and other factors may affect the prices of paint materials, potentially having a significant impact on business performance. In addition, if it becomes difficult to procure raw materials sourced from specific manufacturers because of a disaster or accident affecting those manufacturers, the Group’s production and operating results may be affected.」
The company identifies price and supply risks arising from its reliance on petroleum-related raw materials, crude oil and naphtha prices, and specific manufacturers.