Pressure on Profits in the Belts and Rubber Products Business from Rising Raw Material Prices in Europe
First written in FY2018-Q2. 7 of 21 entries say "Materialised", first in FY2018-Q3. Latest entry: 2026-08-07.
Nitta moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 121 of 167 companies on the "Worse" side.
34 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Despite higher labor and freight costs and the temporary recognition of costs related to loss compensation, the pass-through of higher raw material prices to selling prices progressed, and operating profit increased by ¥17 million, or 0.7%, year on year to ¥2.58 billion.」
The document states that the pass-through of higher raw material prices to selling prices progressed, indicating that the response to rising costs is continuing. However, the effects of higher labor and freight costs and temporary loss-compensation costs remain. - FY2025MitigatedAnnual report
「Operating profit increased as higher raw material and energy prices were passed through to selling prices and the product mix improved, including through increased sales of high-value-added products for semiconductor manufacturing equipment.」
Pass-through of higher raw material and energy prices to selling prices progressed, and operating profit increased with the additional benefit of an improved product mix. The document does not state that the impact of higher costs has disappeared. - FY2024-Q3MitigatedAnnual report
「Although the pass-through of higher raw material prices to selling prices progressed, operating profit declined by ¥273 million, or 6.7%, year on year to ¥3.834 billion, due in part to sluggish sales of high-value-added products for semiconductor manufacturing equipment and other products.」
The document states that the pass-through of higher raw material prices to selling prices progressed, indicating some progress in addressing the pressure on profit from rising raw material costs. However, operating profit continued to be affected by sluggish sales of high-value-added products and other factors. - FY2024-Q2MaterialisedAnnual report
「Although revenue increased, operating profit declined by ¥334 million, or 11.7%, year on year to ¥2.526 billion, due to the impact of higher raw material prices and lower sales of high-value-added products for the semiconductor industry, among other factors.」
Higher raw material prices appeared in the results for the current quarter as a factor pressuring operating profit, together with lower sales of high-value-added products. - FY2024-Q1MaterialisedAnnual report
「Although revenue increased, operating profit declined by ¥186 million, or 12.7%, year on year to ¥1.28 billion, due to the impact of higher raw material prices and lower sales of high-value-added products for the semiconductor industry, among other factors.」
Higher raw material prices appeared in the results as a factor pressuring operating profit, together with lower sales of high-value-added products, indicating that the risk from rising raw material costs continues to materialize. - FY2023WorsenedAnnual report
「We are working to pass higher raw material prices through to selling prices, but price increases have not progressed enough to absorb the full increase in raw material costs.」
Although the company is passing higher raw material prices through to selling prices, it explicitly states that the increases have not reached a level sufficient to absorb the higher costs, indicating that the risk of pressure on profit has become concrete. - FY2023-Q3RestatedAnnual report
「Although revenue increased, the impact of persistently high raw material and energy prices, as well as higher selling, general and administrative expenses associated with the resumption of operating activities, resulted in operating profit of ¥4,107 million, down ¥274 million, or 6.3%, year on year.」
Higher raw material prices continue to be cited, together with higher energy prices, as factors affecting operating profit. - FY2023-Q2WorsenedAnnual report
「Although revenue increased, operating profit declined by ¥242 million, or 7.8%, year on year to ¥2.86 billion, due in part to higher raw material prices and freight rates, as well as higher SG&A expenses accompanying the normalization of operating activities.」
In addition to higher raw material prices, higher freight rates are explicitly identified, broadening the range of cost-increase factors. As a result, among other factors, consolidated operating profit declined 7.8% year on year. - FY2023-Q1WorsenedAnnual report
「Although revenue increased, operating profit declined by ¥34 million, or 2.3%, year on year to ¥1.466 billion, due to higher raw material prices and SG&A expenses, as well as the impact of recording an allowance for doubtful accounts on receivables from Russian distributors.」
Higher raw material prices appeared in the results as a factor pressuring operating profit, together with the allowance for doubtful accounts and higher SG&A expenses, indicating that the risk from rising raw material costs is continuing and has become more concrete. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, the global economy remained on a recovery track as progress was made in balancing infection control and economic activity through the widespread rollout of vaccines and economic support measures in various countries in response to the successive emergence of new COVID-19 variants. In Japan, economic activity, which had stagnated, gradually resumed with the spread of vaccinations, and the economy showed signs of recovery. More recently, however, uncertainty surrounding the global economy has increased further, with raw material prices rising further as a result of Russia's invasion of Ukraine, disruptions in supply chains, and a rapid depreciation of the yen.」
In addition to the previously cited rise in raw material prices, the disclosure identifies higher logistics costs and further increases in raw material prices resulting from Russia's invasion of Ukraine, broadening the scope of risks from higher raw material and logistics costs. - FY2022-Q3WorsenedAnnual report
「Shortages of semiconductor components and higher raw material and transportation costs have continued, increasing uncertainty about the economic outlook.」
In addition to the previously cited rise in raw material prices, higher transportation costs are explicitly identified, and both are stated to be continuing. The scope of risks from higher raw material and logistics costs has expanded. - FY2020MaterialisedAnnual report
「Operating profit declined due to lower revenue. In addition, the burden of fixed costs, including higher raw material prices and personnel expenses and depreciation resulting from upfront investments, caused operating profit to deteriorate by more than the rate of decline in revenue.」
Higher raw material prices, together with fixed-cost burdens related to upfront investment, appeared in the results as factors behind the deterioration in full-year operating profit. - FY2020-Q3MaterialisedAnnual report
「Due to higher raw material prices and increases in personnel expenses and depreciation resulting from upfront investments, operating profit was ¥2,769 million, down ¥2,127 million, or 43.4%, year on year.」
Higher raw material prices, together with costs related to upfront investment, appeared in the results as factors behind the decline in operating profit. - FY2020-Q1RestatedAnnual report
「In terms of earnings, higher raw material prices and increases in personnel expenses and depreciation resulting from upfront investments brought operating profit to ¥970 million, down ¥480 million, or 33.1%, year on year.」
Higher raw material prices continue to be cited as a factor affecting profit. This time, the impact is presented as an effect on consolidated operating profit without being limited to Europe. - FY2019MaterialisedAnnual report
「Despite higher depreciation expense from upfront investment and higher raw material prices in Europe, among other factors, the effect of higher revenue and the containment of growth in selling, general and administrative expenses were the drivers.」
The document states that higher raw material prices in Europe affected full-year operating profit. Meanwhile, operating profit exceeded the previous year's level due in part to the effect of higher revenue. - FY2019-Q2MaterialisedAnnual report
「Although profit was affected by higher raw material prices, operating profit increased by ¥252 million, or 8.8%, year on year to ¥3.125 billion.」
Higher raw material prices continue to appear in the results as a factor affecting operating profit. This time, the impact is described in terms of overall operating profit, which increased year on year. - FY2019-Q1RestatedAnnual report
「Although profit was affected by higher raw material prices, operating profit increased by ¥86 million, or 6.4%, year on year to ¥1.45 billion.」
The impact of higher raw material prices continues to be cited as a factor affecting profit. This time, it is presented comprehensively as an impact on consolidated operating profit, rather than as a limited reference to a decline in segment profit in Europe. - FY2018-Q3MaterialisedAnnual report
「As a result, revenue increased by ¥1.531 billion year on year, or 8.4%, to ¥1.981 billion. However, segment profit (operating profit) declined by ¥156 million, or 8.8%, to ¥1.627 billion, due in part to the impact of product mix and higher raw material prices in Europe.」
Higher raw material prices in Europe continued to appear in the results as a factor behind the decline in segment profit in the Belt and Rubber Products business. Segment profit fell 8.8% year on year, with the impact of product mix also cited. - FY2018-Q2First statedAnnual report
「As a result, revenue increased by ¥991 million year on year, or 8.0%, to ¥1.336 billion. However, segment profit (operating profit) declined by ¥32 million, or 2.6%, to ¥1.238 billion, due in part to higher raw material prices in Europe and increased upfront costs incurred to achieve the medium-term management plan.」
Higher raw material prices in Europe were identified for the first time as a factor behind the decline in segment profit in the Belt and Rubber Products business, and their impact on profit has emerged in the reported results. The quantified figure represents the impact on profit, not the increase in raw material prices itself.