Fluctuations in Foreign Exchange Rates and Crude Oil and Naphtha Prices
First written in FY2016. 13 of 38 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-10-28.
No other company in this theme has enough history to compare yet.
- 2026-10-28WorsenedRevisions to earnings forecasts
「中東情勢の影響による原材料価格の高騰に応じた製品価格の適正化に努めたこと」
中東情勢の影響により原材料価格の高騰が生じ、原材料価格変動リスクが実際の業績予想修正の要因として示されている。一方、製品価格の適正化にも取り組んでいる。 - FY2026Raw material price declines accompanied by increased foreign exchange gainsAnnual report
「Gross profit was ¥16,098 million, up 2.0% from the previous fiscal year, despite sales volume remaining at approximately the previous year's level, due to lower raw material prices and improved profitability. Non-operating income and expenses amounted to ¥68 million, up 978.1% from the previous fiscal year, due in part to a ¥92 million increase in foreign exchange gains.」
While lower raw material prices and increased foreign exchange gains boosted profit, price reductions for products in response to lower raw material prices weighed on revenue. - 2026-05-15MaterialisedEarnings
「原材料価格の低下に伴う製品価格の値下げや人件費・経費の増加などにより」
原材料価格の変動が製品価格の値下げにつながり、収益への影響が実績に現れた。 - FY2026-H1Lower yen-translated revenue accompanied by lower raw material pricesAnnual report
「As the yen appreciated substantially against the same period of the previous year, the yen-translated results of the Chinese subsidiary declined significantly」
While the yen's appreciation significantly reduced the yen-translated results of the Chinese subsidiary, price reductions were implemented in the Chinese market in response to lower raw material prices. Foreign exchange weighed on revenue, while lower raw material prices affected results through lower selling prices. - FY2025Lower raw material prices accompanied by reduced foreign exchange gainsAnnual report
「Non-operating income and expenses amounted to a loss of ¥7 million, down 109.7% from the previous fiscal year, due in part to a ¥142 million decline in foreign exchange gains.」
While the lower level of raw material prices eased profit pressure, foreign exchange gains declined by ¥142 million, indicating that the impact of foreign exchange was not uniform in actual results. - FY2025-H1Higher yen-translated revenue accompanied by foreign exchange lossesAnnual report
「Foreign exchange loss - 132,956」
While yen depreciation increased the yen-translated results of the Chinese subsidiary, a foreign exchange loss of ¥132.956 million was also recorded during the interim period, indicating that the impact of foreign exchange was not uniform. - FY2024MitigatedAnnual report
「Gross profit was ¥12,544 million, up 23.3% from the previous fiscal year, due to increased adhesive sales, improved profitability and the fact that raw material prices were lower than in the previous fiscal year.」
The lower level of raw material prices, together with increased adhesive sales and improved profitability, improved gross profit, easing profit pressure from raw material price volatility compared with the previous fiscal year. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, the economic environment remained uncertain. Although economic activity was normalizing as restrictions on behavior during the COVID-19 pandemic were eased and the economy was on a moderate recovery trend, concerns persisted over an economic slowdown due to prolonged inflation caused by the extended situation in Ukraine and surging resource and energy prices, as well as prolonged monetary tightening in major countries.」
Concerns over an economic slowdown due to surging resource and energy prices, the situation in Ukraine and prolonged monetary tightening in major countries continued. - FY2024-Q1WorsenedAnnual report
「In terms of profit, although price pass-through for surging raw material prices improved profit, it did not offset the decline in sales of specialty functional materials and processed products. Operating income was ¥650 million, down 17.8% year on year, while ordinary income was ¥695 million, down 35.9%, due in part to a decline in foreign exchange gains」
Although price pass-through for surging raw material prices had a positive effect, it did not offset lower sales, and fluctuations in raw material prices and foreign exchange gains continued to affect earnings. - FY2023WorsenedAnnual report
「In terms of profit, although the company advanced price pass-through for higher raw material prices and cost reductions, these measures did not fully offset the decline in profit resulting from lower Chemicals sales volume. Operating income was ¥2,034 million, down 8.7% from the previous fiscal year, and ordinary income was ¥2,169 million, down 21.0%.」
Although the company advanced price pass-through for higher raw material prices and cost reductions, it could not absorb the decline in profit caused by lower sales volume, and operating income and ordinary income fell below the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「Although the company advanced price pass-through and cost-reduction measures in response to higher raw material prices, it was unable to offset the profit decline accompanying lower chemical sales volume. Operating income fell to ¥1,475 million, down 20.4% year on year, ordinary income fell to ¥1,657 million, down 22.3%, and net income attributable to owners of the parent fell to ¥1,142 million, down 32.2%.」
Although the company advanced price pass-through for higher raw material prices and cost reductions, it could not absorb the decline in profit caused by lower sales volume, and profit pressure from raw material price volatility continued. The economic environment also reflected surging resource prices associated with the prolonged situation in Ukraine. - FY2023-Q2WorsenedAnnual report
「The lag in passing through higher raw material prices continued, and factory utilization fell in the second quarter due to customer production adjustments. As a result, operating income fell to ¥1,087 million, down 18.7% year on year, while ordinary income fell 2.0% to ¥1,452 million due in part to foreign exchange gains, and net income attributable to owners of the parent fell 8.4% to ¥1,080 million.」
The continued time lag in passing on surging raw material prices, together with lower capacity utilization due to production adjustments by customers, caused operating income to decline 18.7% year on year. Meanwhile, foreign exchange gains associated with yen depreciation boosted ordinary income. - FY2023-Q1WorsenedAnnual report
「In terms of profit, despite the benefits of higher revenue, the time lag in passing on higher costs continued amid surging raw material prices. Operating income was ¥791 million, up 1.4% year on year, while ordinary income was ¥1,084 million, up 21.8%, due in part to the recording of foreign exchange gains.」
The increase in the yen-translated revenue associated with the yuan's appreciation and foreign exchange gains boosted profit, while surging raw material prices and the continued time lag in passing on higher costs reflected the risk of rising costs in profit. - FY2022WorsenedAnnual report
「In terms of profit, despite the benefits of increased sales, the rise in raw material prices caused by surging crude oil prices and tight supply and demand showed no sign of easing. Although the company worked to reduce costs and pass on higher costs through pricing, it was unable to absorb the sharp cost increases. Operating income was ¥2,229 million, down 34.4% from the previous fiscal year, ordinary income was ¥2,744 million, down 23.2%, and net income attributable to owners of the parent was ¥2,040 million, down 25.1%.」
The continued rise in crude oil and raw material prices could not be absorbed through cost reductions or price pass-through, and operating income, ordinary income and net income fell below the previous fiscal year. - FY2022-Q3WorsenedAnnual report
「Although higher sales had a positive effect on profit, the rise in raw material prices caused by surging crude oil prices and tight supply and demand showed no sign of abating. Despite efforts to reduce costs and pass costs on to customers, short-term deterioration in profitability was unavoidable. Operating income fell to ¥1,853 million, down 24.1% year on year, ordinary income fell to ¥2,132 million, down 13.2%, and net income attributable to owners of the parent fell to ¥1,685 million, down 17.9%.」
While the stronger yuan increased the yen-translated results of the Chinese subsidiary, raw material prices continued to rise due to surging crude oil prices and tight supply and demand, making cost pressure on profit increasingly evident. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter, the economic environment remained uncertain and challenging. Although the global economy was recovering as COVID-19 vaccinations progressed and economic measures took effect, economic stagnation intensified due to the renewed spread of infections caused by variants, surging crude oil prices and disruptions to logistics networks.」
While the economic recovery progressed, surging crude oil prices and disruptions to logistics networks intensified profit pressure from difficulties procuring raw materials and higher prices. - FY2022-Q1Higher raw material prices accompanied by concerns over foreign exchange volatilityAnnual report
「The outlook remained uncertain and challenging, with concerns over the impact of a renewed spread of infections caused by variants, surging crude oil prices and foreign exchange volatility.」
While the stronger yuan increased the yen-translated revenue of the Chinese subsidiary and foreign exchange gains were recorded, higher raw material prices due to surging crude oil prices and tight supply and demand weighed on profit margins, indicating that the impacts of foreign exchange rates and raw material prices were present simultaneously. - FY2021MitigatedAnnual report
「Due to the appreciation of the yuan, the foreign exchange impact improved by ¥404 million, from a loss of ¥196 million in the previous period to a gain of ¥207 million, while a provision for doubtful accounts of ¥100 million was recorded because the consideration for the sale of an equity-method affiliate in the previous period had remained unpaid for more than one year. As a result, ordinary income increased ¥356 million from the previous period to ¥3,576 million, up 92.7%.」
The yuan's appreciation shifted the foreign exchange impact from a loss to a gain, easing the impact from the previous period. Lower raw material costs resulting from the decline in crude oil prices also boosted profit. - FY2021-Q3MitigatedAnnual report
「On the earnings side, in addition to the effect of higher Chemicals revenue, temporary factors boosting profit, including lower activity expenses resulting from measures to prevent the spread of COVID-19 and lower raw material costs following the decline in crude oil prices, resulted in ordinary profit of ¥2,457 million, up 60.8% year on year, and quarterly net income attributable to owners of the parent of ¥2,052 million, up 58.0%.」
Lower raw material costs resulting from the decline in crude oil prices boosted profit. In addition, no foreign exchange loss was recorded in the income statement for the cumulative third quarter, indicating that the impact of foreign exchange rates and raw material prices had partially eased from the previous period. - FY2021-Q2MitigatedAnnual report
「On the earnings side, in addition to temporary factors boosting profit, including lower activity expenses resulting from measures to prevent the spread of COVID-19 and lower raw material costs following the decline in crude oil prices, improved plant utilisation as the Chinese market recovered resulted in ordinary profit of ¥1,482 million, up 68.8% year on year, and quarterly net income attributable to owners of the parent of ¥1,192 million, up 68.4%.」
Lower raw material costs resulting from the decline in crude oil prices boosted profit. In addition, no foreign exchange loss was recorded in the consolidated income statement for the cumulative second quarter, indicating that the impact of foreign exchange rates and raw material prices had partially eased from the previous period. - FY2021-Q1Foreign exchange impacts persisted, while lower raw material costs provided partial reliefAnnual report
「Although sales of adhesive-related products for large liquid crystal display applications in the Chinese market remained solid, sales volume for general applications, including automotive and construction materials, declined, and revenue was ¥3,809 million, down 3.1% year on year, due to the impact of the yuan's depreciation. In terms of profit, ordinary income was ¥636 million, up 103.3% year on year, and net income attributable to owners of the parent was ¥508 million, up 101.2%, due to temporary profit-boosting factors including lower activity expenses resulting from measures to prevent the spread of COVID-19 and lower raw material costs following the sharp decline in crude oil prices.」
While the yuan's depreciation continued to weigh on sales of adhesives for general applications, lower raw material costs resulting from the sharp decline in crude oil prices boosted profit. The impacts of foreign exchange rates and raw material prices were present simultaneously. - FY2020MaterialisedAnnual report
「In terms of profit, ordinary income was ¥1,855 million, down 8.9% from the previous fiscal year, due to the decline in profit resulting from lower sales volume and the recording of a foreign exchange loss associated with the yuan's depreciation, despite efforts to reduce raw material prices.」
Foreign exchange losses associated with the yuan's depreciation and lower sales volume weighed on full-year ordinary income, which declined 8.9% year on year. - FY2020-Q3MaterialisedAnnual report
「Although the company worked to reduce raw material costs and expenses, ordinary income fell to ¥1,528 million, down 8.7% year on year, due to the impact of lower profit from reduced sales volume and the recording of foreign exchange losses resulting from the weaker renminbi.」
Foreign exchange losses associated with the yuan's depreciation continued, and together with the impact of raw material prices and sales volume, ordinary income declined 8.7% year on year. - FY2020-Q2WorsenedAnnual report
「Although the company worked to reduce raw material prices and expenses, it was unable to offset the profit decline caused by lower sales. In addition, it recorded foreign exchange losses due to the weaker renminbi, resulting in ordinary income of ¥878 million, down 17.7% year on year, and net income attributable to owners of the parent of ¥708 million, down 12.7%.」
Foreign exchange losses associated with the yuan's depreciation continued, and together with the impact of raw material prices and lower sales volume, ordinary income declined 17.7% year on year. - FY2020-Q1MaterialisedAnnual report
「In terms of profit, ordinary income was ¥313 million, down 44.5% year on year, due to higher expenses to expand future business areas and the recording of a foreign exchange loss associated with the yuan's depreciation」
A foreign exchange loss associated with the yuan's depreciation was recorded, and ordinary income declined 44.5% year on year. The impact of foreign exchange movements was reflected in results. - FY2019MaterialisedAnnual report
「Although the yen-translated revenue of the Chinese subsidiary declined due to the depreciation of the yuan, revenue was ¥31,295 million, up 4.1% year on year, due to increased sales of Chemicals in liquid-crystal-display-related fields in the Chinese market and higher revenue from completed equipment system construction projects. However, heavily affected by higher raw material prices, ordinary income was ¥2,037 million, down 21.7% year on year」
The decline in the yen-translated revenue of the Chinese subsidiary due to the yuan's depreciation and the 21.7% decline in ordinary income due to higher raw material prices were reflected in results. A foreign exchange loss of ¥95 million was also recorded. - FY2019-Q3MaterialisedAnnual report
「Due largely to the impact of higher raw material prices, ordinary income was ¥1,673 million, down 25.9% year on year, and net income attributable to owners of the parent was ¥1,283 million, down 28.1%.」
Higher raw material prices had a significant impact on profit, causing ordinary income and net income attributable to owners of the parent to decline year on year. In addition, a foreign exchange loss of ¥114 million was recorded during the cumulative third quarter. - FY2019-Q2WorsenedAnnual report
「Significantly affected by higher raw material prices, ordinary profit was ¥1,067 million, down 12.4% year on year, and quarterly net income attributable to owners of the parent was ¥811 million, down 13.3%.」
In an environment of concern over surging crude oil prices, higher raw material prices had a significant impact on profit, and ordinary income and net income attributable to owners of the parent declined year on year. - FY2019-Q1WorsenedAnnual report
「The outlook remained uncertain, with concerns over a further rise in crude oil prices.」
The company stated that concerns over a further rise in crude oil prices materialized, with higher raw material prices having a significant impact on profit. - FY2018Foreign exchange losses disappeared while higher raw material prices persistedAnnual report
「In terms of profit, despite the impact of higher raw material prices, ordinary income was supported by the benefits of increased production, ongoing cost reductions and a decline in foreign exchange losses」
While the impact of the yen's appreciation and foreign exchange losses, which had depressed results in the past, diminished or disappeared during the current fiscal year, the impact of higher raw material prices continued. - FY2018-Q3The impact of foreign exchange changed from yen appreciation to yen depreciationAnnual report
「During the cumulative third quarter of the fiscal year, revenue was ¥21,971 million, up 16.8% year on year, as sales of Chemicals, including adhesive-related products, increased mainly in the Chinese market, while yen depreciation also increased the yen-translated revenue of the Chinese subsidiary. In terms of profit, despite the impact of higher raw material prices, ordinary income was ¥2,259 million, up 61.4% year on year, and net income attributable to owners of the parent was ¥1,785 million, up 73.1%, due to the benefits of increased production, ongoing cost reductions and a decline in foreign exchange losses.」
The direction of the impact changed from the yen appreciation reported for earlier periods to an increase in the yen-translated revenue of the Chinese subsidiary due to yen depreciation in the current quarter. Meanwhile, higher raw material prices continued to affect profit. - FY2018-Q2MaterialisedAnnual report
「Although profits were affected by higher raw-material prices, the effects of increased production and ongoing cost-reduction efforts, together with the decrease in foreign-exchange losses from the previous year, lifted ordinary profit 59.7% year on year to ¥1,217 million, while profit attributable to owners of the parent rose 76.8% to ¥936 million.」
While higher raw material prices emerged as a factor affecting profit, the foreign exchange loss declined from ¥309 million in the same period of the previous year to ¥5.75 million. - FY2018-Q1MaterialisedAnnual report
「Although profits were affected by higher raw-material prices, the effects of increased production and ongoing cost-reduction efforts lifted ordinary profit 54.6% year on year to ¥550 million, while profit attributable to owners of the parent rose 77.6% to ¥420 million.」
The company explicitly stated that higher raw material prices affected first-quarter profit, demonstrating the impact of raw material price volatility in actual results. - FY2017MaterialisedAnnual report
「As a result, full-year revenue was ¥26,139 million, essentially unchanged from the previous year and up 0.5% year on year, as sales of Chemicals, including adhesive-related products, increased mainly in the Chinese market, but the yen's appreciation reduced the yen-translated revenue of the Chinese subsidiary.」
The yen's appreciation reduced the yen-translated revenue of the Chinese subsidiary, affecting results, and a foreign exchange loss of ¥174 million was recorded as a non-operating expense. - FY2017-Q3MaterialisedAnnual report
「During the cumulative third quarter of the fiscal year, revenue was ¥18,814 million, down 4.2% year on year, as sales of Chemicals, including adhesive-related products, increased but revenue fell below the year-earlier level due to the impact of the yen's appreciation.」
The yen's appreciation was a factor behind the 4.2% year-on-year decline in cumulative revenue, and a foreign exchange loss of ¥306.869 million was recorded in the income statement. - FY2017-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, revenue was ¥12,251 million, down 5.3% year on year, as Chemicals increased sales mainly in the Chinese market but revenue fell below the year-earlier level due to the impact of the yen's appreciation.」
The rapid appreciation of the yen pushed down revenue, and a foreign exchange loss of ¥309 million was also recorded. The impact increased from the ¥12 million foreign exchange loss in the same period of the previous year. - FY2017-Q1MaterialisedAnnual report
「The outlook remained uncertain and challenging, with concerns over the impact of the yen's appreciation and falling stock prices following the UK's decision to leave the EU.」
The yen's appreciation pushed down Chemicals sales year on year, and a foreign exchange loss of ¥135 million was recorded in the quarter. - FY2016First statedAnnual report
「The outlook remained uncertain and challenging, with the yen appreciating rapidly from the beginning of the year.」
Foreign exchange losses were recorded and emerged as a factor behind the decline in ordinary income. The company explained that raw material prices are affected by crude oil and naphtha market conditions.