Market fluctuations in raw material prices
First written in FY2016. 8 of 16 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2026.
Toyo Drilube moved to the "Worse" side of this theme in 2026, 8 years after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 40 of 57 companies on the "Worse" side.
15 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Operating income declined from the same period of the previous year because higher manufacturing costs, including labor expenses and outsourced processing costs, resulting from rising prices coincided with increases in upfront investment costs such as depreciation and research and development expenses.」
Actual increases in manufacturing costs, including labor and outsourced processing costs, due to rising prices, together with higher depreciation and research and development expenses, were factors behind the 13.4% year-on-year decline in operating income. - FY2026-H1MaterialisedAnnual report
「Operating profit declined from the same interim period of the previous year as higher manufacturing costs, including labor and outsourced processing costs resulting from higher prices, coincided with increases in upfront investment costs such as depreciation and research and development expenses.」
Higher manufacturing costs, including labor and outsourced processing costs resulting from higher prices, and increases in depreciation and research and development expenses actually occurred and contributed to the year-on-year decline in operating profit from the same interim period of the previous year. - FY2025MitigatedAnnual report
「During the current consolidated fiscal year, all cost components, including raw material, logistics and personnel costs, increased due to rising prices. However, capital investment improved production efficiency and enabled the Company to control indirect labor costs and selling, general and administrative expenses, allowing operating profit to increase by more than the growth rate in revenue from sales.」
Although raw material and other cost components increased, higher production efficiency resulting from capital investment and cost controls increased operating profit and relatively absorbed the impact of higher costs. - FY2025-H1MitigatedAnnual report
「Operating profit also increased from the same interim period of the previous year, as the increase in sales absorbed higher manufacturing costs, including direct labor, electricity, and consumables.」
Although manufacturing costs, including direct labor, electricity, and consumables, increased, the impact was absorbed by higher sales, resulting in year-on-year growth in operating profit from the same interim period of the previous year. The risk of rising raw material, energy, and other costs materialized, but its impact was relatively contained. - FY2024MitigatedAnnual report
「Although raw material, logistics, labor, and other cost components increased due to higher prices, capital investment improved production efficiency and enabled the Company to control indirect labor costs and selling, general and administrative expenses, allowing operating profit to grow faster than revenue.」
The disclosure states that although raw material and other cost components increased, higher production efficiency resulting from capital investment and cost controls led to higher operating profit. - FY2024-Q2MitigatedAnnual report
「Operating profit increased year on year despite higher manufacturing costs, including electricity costs resulting from soaring energy prices and depreciation associated with capital investment, as the increase in sales volume and the effect of higher prices offset these costs.」
Although manufacturing costs continued to rise due to soaring energy prices, the increase in sales volume and the effect of higher prices absorbed the impact of higher costs, resulting in year-on-year growth in operating profit. - FY2023MaterialisedAnnual report
「Although revenue exceeded the previous year's level, operating profit declined due to higher depreciation resulting from active capital investment, increases in manufacturing costs and selling, general and administrative expenses caused by higher raw material, energy, logistics, and labor costs, among other factors, and delays in passing on these costs.」
Higher raw material and energy costs and other expenses and delays in passing on the increases actually occurred, contributing to higher manufacturing costs and selling, general and administrative expenses and the decline in operating profit. - FY2023-Q3MaterialisedAnnual report
「Although revenue was at the same level as in the previous year, profit was halved due to higher depreciation resulting from active capital investment, increases in manufacturing costs and selling, general and administrative expenses caused by higher raw material, energy, logistics, and labor costs, among other factors, and delays in passing on these costs.」
Higher raw material and energy costs and other expenses and delays in passing on the increases actually occurred, contributing to higher manufacturing costs and selling, general and administrative expenses and the halving of profit. - FY2023-Q2MaterialisedAnnual report
「Operating profit declined year on year because delays in passing on increases in manufacturing costs resulting from soaring raw material and energy prices coincided with production cuts caused by the spread of COVID-19 infections in China.」
Higher raw material and energy prices and delays in passing on increased manufacturing costs actually occurred and contributed to the decline in operating profit. - FY2022RestatedAnnual report
「Molybdenum disulfide, fluororesin, graphite, and organic solvents and other petrochemical-related products, which are the main raw materials for the dry-lube products manufactured by the Group, are affected by market conditions.」
The disclosure continues to address market fluctuations in the prices of major raw materials and organic solvents and the impact if higher purchase prices cannot be passed on to selling prices. - FY2020RestatedAnnual report
「Molybdenum disulfide, fluororesin, graphite, and organic solvents and other petrochemical-related products, which are the main raw materials for the dry-lube products manufactured by the Group, are affected by market conditions.」
The disclosure continues to address market fluctuations in the prices of major raw materials and organic solvents and the impact if higher purchase prices cannot be passed on to selling prices. - FY2017RestatedAnnual report
「Molybdenum disulfide, fluororesin, graphite, and organic solvents and other petrochemical-related products, which are the main raw materials for the dry-lube products manufactured by the Group, are affected by market conditions.」
The disclosure continues to address market fluctuations in the prices of major raw materials and organic solvents and the impact if higher purchase prices cannot be passed on to selling prices. - FY2016First statedAnnual report
「Molybdenum disulfide, fluororesin, graphite, and organic solvents and other petrochemical-related products, which are the main raw materials for the dry-lube products manufactured by the Group, are affected by market conditions.」
The disclosure identifies the possibility that market fluctuations in the prices of major raw materials and organic solvents may affect profits and the ability to pass through costs in selling prices.