Diversifying suppliers and passing higher raw material costs through to selling prices
First written in FY2018. 7 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2018: 6 of 20 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In particular, significant fluctuations in the procurement prices of raw materials and fuel may affect the group’s financial position and operating results.」
The company continues to diversify suppliers, use foreign-exchange forward contracts and pass costs through to prices in response to higher raw material costs, but the risk of fluctuations in procurement prices remains. - FY2024AdvancedAnnual report
「The company will continue working to secure a stable supply of raw materials and fuel by diversifying suppliers and switching to LNG fuel, among other measures, while steadily passing on higher raw material and fuel costs to customers with their understanding.」
The response to higher raw material costs has expanded from the previous measures of supplier diversification and price pass-through to include measures such as switching fuel to LNG. - FY2024-Q3AdvancedAnnual report
「Under these circumstances, the refractories business faced a difficult environment, with domestic cement production remaining below the same month of the previous year for 18 consecutive months. The company pursued price pass-through for higher raw material and fuel costs, market share expansion, and new market development. Together with the effects of equipment improvements and higher productivity, these efforts resulted in sales and profit both exceeding the same quarter of the previous year. For the refractories business, sales for the cumulative third quarter of the current consolidated fiscal year were ¥4,464 million, up 3.2% year on year, and segment profit was ¥184 million, up 174.2% year on year.」
By combining price pass-through, market-share expansion, new-market development, equipment improvements and productivity gains, the company increased sales and profit in the Refractories business year on year. - FY2024-Q2RestatedAnnual report
「Although the company worked to pass on increases in raw material and fuel prices to selling prices and expand its market share, sales declined slightly.」
The company continues to pass through higher raw material and fuel costs and expand market share, but sales in the Refractories business declined slightly. - FY2023-Q3RestatedAnnual report
「Although the company worked to pass higher raw material and fuel costs through to selling prices and reduce costs, selling price increases still failed to keep pace with the rise in raw material and fuel prices. As a result, sales increased slightly while profit fell substantially below the same quarter of the previous year.」
The company continues to pass higher raw material costs through to prices and pursue cost reductions, but during the quarter, price increases again failed to keep pace with the rise in raw material and fuel prices. - FY2023-Q2RestatedAnnual report
「Although the company worked to pass higher raw material and fuel costs through to selling prices and reduce costs in various ways, the pass-through did not keep pace with the surge in raw material and fuel prices. Revenue declined slightly year on year, while profit was substantially below the same quarter of the prior year.」
The company continues to pass higher raw material and fuel costs through to selling prices and pursue cost reductions, but during the quarter, price increases did not keep pace with the rise in costs. - FY2022RestatedAnnual report
「In the Refractories business, in response to significant price fluctuations in Chinese ceramic raw materials, one of the risk factors, we will continue working to secure stable supplies of key raw materials through supplier diversification and other measures, while pursuing the pass-through of higher raw material costs with customers’ understanding. We will also arrange raw materials early to avoid delivery delays caused by shortages of shipping containers.」
The company continues to diversify suppliers, pass higher raw material costs through to prices, and avoid logistics delays by arranging raw materials early. - FY2021RaisedAnnual report
「While closely monitoring developments in China’s environmental regulations, we will continue working to secure stable supplies of key raw materials through supplier diversification and other measures. We will also arrange raw materials early to avoid delivery delays caused by shortages of shipping containers.」
In addition to the existing diversification of suppliers, the company has specified the early arrangement of raw materials to avoid delivery delays caused by shortages of shipping containers, broadening the scope of its response. - FY2020RestatedAnnual report
「From a risk-management perspective, the raw materials and fuel procured by the group are purchased from multiple domestic and overseas suppliers, with procurement sources diversified.」
As a response to higher raw material prices, the company continues to diversify procurement across multiple domestic and overseas suppliers. - FY2020-Q1RestatedAnnual report
「In addition to some pass-through of higher raw material costs into prices, the company focused on developing new customers and new markets, resulting in」
The company continues to pass through part of the higher raw material costs and to pursue the development of new customers and markets. - FY2018First statedAnnual report
「In response to the surge in prices for ceramic raw materials stemming from China’s environmental regulations, we will work to secure stable supplies of raw materials by diversifying suppliers and taking other measures.」
As a new response to higher raw material prices resulting from China’s environmental regulations, the company has identified stable procurement through supplier diversification as a priority. It also explained that, in the full-year results, the pass-through to selling prices had made “some progress.”