Rising Crude Oil and Naphtha Prices

「Concern that prolonged elevated crude oil prices resulting from heightened tensions in the Middle East could cause a downturn in the global economy」

「However, if the surge in crude oil prices associated with escalating tensions in the Middle East continues for an extended period, there are concerns that it could lead to a global economic downturn, and the outlook remains uncertain.」

「If elevated crude oil prices resulting from turmoil in the Middle East persist, they could lead to a downturn in the global economy, and uncertainty about the outlook is increasing.」

「In addition, the use of military force by the U.S. administration against Venezuela and Iran has raised concerns that elevated crude oil prices may persist, and the economic outlook remains uncertain.」

「Concerns over higher resource prices due to the war in Ukraine and the unstable situation in the Middle East persist, and economic conditions going forward are expected to remain uncertain.」

「Raw material prices, which had continued to rise since the second half of the year before last, have recently shown signs of stabilizing. However, we will continue passing through higher costs and work to secure profit.」

「Under these conditions, corrective revisions to selling prices resulted in sales of ¥22,479 million, up 10.1% year on year. However, raw material prices remained on an upward trend, and because of a time lag before the increases were passed through to selling prices, operating profit was ¥511 million, down 62.8% year on year.」

「Raw material prices remained on an upward trend, and because of a time lag before the increases could be passed through to selling prices, operating profit was ¥295 million, down 68.0% year on year.」

「Under these conditions, corrective revisions to product selling prices resulted in sales of ¥7,050 million, up 5.9% year on year. However, raw material prices remained on an upward trend, and because of a time lag before the increases could be passed through to selling prices, operating profit was ¥201 million, down 61.4% year on year.」

「The global economy has also been affected by the Russian invasion of Ukraine. Geopolitical risks have affected the economy, with crude oil prices, which had been around $80 per barrel, temporarily soaring to $130 in March, and political and economic uncertainty becoming increasingly pronounced.」

「In addition, rising raw material prices in Japan and overseas are putting increasing pressure on manufacturing-sector earnings.」

「In addition, reduced automobile production due to the semiconductor shortage and higher raw material prices are putting increasing pressure on manufacturing-sector earnings.」

「In terms of earnings, operating profit was ¥1,279 million, down 34.4% year on year, ordinary profit was ¥1,568 million, down 28.8%, and net profit attributable to owners of the parent was ¥776 million, down 46.0%, due mainly to lower sales in the synthetic lubricants segment, higher raw material prices in the materials segment and higher selling, general and administrative expenses at the Indian subsidiary.」

「Under these conditions, the Group's sales amounted to ¥20,445 million, down 6.3% year on year. In terms of earnings, operating profit was ¥1,080 million, down 39.7% year on year, ordinary profit was ¥1,210 million, down 38.0%, and net profit attributable to owners of the parent was ¥605 million, down 53.3%, due mainly to lower overseas sales of specialty lubricants and hot-melt adhesives, higher raw material prices and lower sales of hard disk surface lubricants.」

「Under these conditions, the Group's sales amounted to ¥13,546 million, down 4.6% year on year. In terms of earnings, operating profit was ¥648 million, down 44.1% year on year, ordinary profit was ¥733 million, down 42.8%, and net profit attributable to owners of the parent was ¥341 million, down 56.7%, due mainly to lower overseas sales of specialty lubricants and hot-melt adhesives, higher raw material prices and lower sales of hard disk surface lubricants.」

「In terms of earnings, operating profit was ¥309 million, down 47.0% year on year, ordinary profit was ¥378 million, down 41.6%, and net profit attributable to owners of the parent was ¥177 million, down 58.1%, due mainly to higher raw material prices and lower shipments of hard disk surface lubricants.」

「In terms of earnings, operating profit was ¥1,950 million, down 16.3% year on year, and ordinary profit was ¥2,202 million, down 15.3% year on year, due mainly to a further rise in raw material prices and lower shipments of hard disk surface lubricants in the fourth quarter.」

「As the global economy became increasingly unstable due to the rise of protectionism in the United States and the impact of the US-China trade war, crude oil prices began to fall, while negative effects on Japan's economy also began to emerge.」

「During the cumulative second quarter of the current fiscal year, Japan's economy continued to recover gradually, supported by improvements in corporate earnings and the employment environment, although concern remained over pressure on corporate earnings from higher crude oil prices. In terms of earnings, higher raw material prices and other factors forced profit margins lower, but operating profit increased to ¥1,159 million, up 6.2% year on year, as gross profit increased.」

「During the cumulative first quarter of the current fiscal year, Japan's economy continued to recover gradually, supported by improvements in corporate earnings and the employment environment, although concern remained over pressure on corporate earnings from higher crude oil prices. In terms of earnings, higher raw material prices and other factors forced gross profit margin lower, but operating profit increased to ¥583 million, up 2.8% year on year, as the company secured higher gross profit.」

「Meanwhile, crude oil prices, which underpin the main raw materials, continue to rise gradually.」

「Although raw-material prices began to rise and selling, general and administrative expenses increased due to higher depreciation and system-related costs, cost-reduction activities such as promoting advantageous procurement and improving product yields were effective. Operating income was ¥1,091 million, up 5.0% year on year.」

「Although Japan's economy is gradually recovering, supported by improvements in corporate earnings and the employment environment, overseas economies remain uncertain due to the rise of protectionism in the United States and concerns over an economic slowdown in China, among other factors.」

「Regarding raw materials, crude oil and naphtha prices have bottomed out and are gradually rising.」

「Regarding raw materials, crude oil and naphtha prices, which form their basis, have bottomed out and are gradually rising.」

「Meanwhile, crude oil and naphtha prices, which underpin the main raw materials, are gradually regaining stability.」

「Meanwhile, crude oil and naphtha prices, which underpin the main raw materials, are gradually rising.」