Fluctuations in international market conditions for refractory raw materials

「The Group imports refractory raw materials from around the world, but depends on specific regions and suppliers for some of them. As raw material prices have recently been highly volatile, we are working to reduce price fluctuation risks by diversifying our suppliers, although these fluctuations may affect the Group's performance.」

「The business environment is expected to remain difficult to forecast with respect to fluctuations in raw material prices following developments in the Middle East, and we believe it will remain necessary to continue monitoring the situation closely.」

「In terms of profit, operating profit was ¥2,434 million, down 2.1% year on year, as higher raw material and transportation costs caused the cost ratio to rise.」

「In terms of profit, although higher raw material and transportation costs caused the cost ratio to rise, the weaker yen resulting from exchange rate movements provided support. Operating profit was ¥1,666 million, up 2.8% year on year, and ordinary profit was ¥2,189 million, up 7.2%.」

「In terms of profit, operating profit was ¥763 million, down 7.8% year on year, and ordinary profit was ¥1,203 million, up 2.6%, due mainly to deterioration in the cost ratio resulting from continued price increases.」

「The Group imports refractory raw materials from around the world, but depends on specific regions and suppliers for some of them. As raw material prices have recently been highly volatile, we are working to reduce price fluctuation risks by diversifying our suppliers, although these fluctuations may affect the Group's performance.」

「In terms of profit, although higher raw material and transportation costs caused the cost ratio to rise, operating profit was ¥2,485 million, up 1.4% year on year, due mainly to higher sales.」

「In terms of profit, although the cost ratio rose due to higher raw material and transportation costs, the weaker yen resulting from exchange rate movements provided support. Operating profit was ¥1,621 million, down 3.0% year on year, and ordinary profit was ¥2,042 million, up 12.2%.」

「The refractory manufacturing business operated by TYK Ltd., a subsidiary of the Company, has been affected by significant increases in manufacturing costs, including raw material costs, and transportation costs to European countries where many of its major customers are located. In addition, because some product groups have not seen sufficient pass-through of these increases into selling prices, performance has remained substantially below the business plan prepared for the previous fiscal year.」

「Concerns remain over the risk of price fluctuations caused by sharp increases in resource prices and logistics costs,」

「The Group imports refractory raw materials from around the world, but depends on specific regions and suppliers for some of them. As raw material prices have recently been highly volatile, we are working to reduce price fluctuation risks by diversifying our suppliers, although these fluctuations may affect the Group's performance.」

「In terms of profit, although the surge in raw material procurement costs that had continued through the end of 2018 subsided, profitability deteriorated due to the increased burden of raw material, depreciation and other expenses associated with using stockpiled raw materials,」

「Although the surge in raw material procurement costs that had continued through the end of the previous fiscal year subsided, the use of stockpiled raw materials and the resulting increase in raw material, depreciation and other expenses weakened profitability. Cost of sales increased by ¥1,121 million, or 12.0%, year on year, and operating profit was ¥1,931 million, almost unchanged from the same period of the previous year.」

「In terms of profit, although the relative burden of fixed costs declined with higher sales, the increase in procurement costs, particularly for raw materials, and the higher burden of depreciation and other expenses weighed on results,」

「The Group imports refractory raw materials from around the world, but depends on specific regions and suppliers for some of them. As raw material prices have recently been highly volatile, we are working to reduce price fluctuation risks by diversifying our suppliers, although these fluctuations may affect the Group's performance.」

「In terms of profit, although procurement costs, particularly for raw materials, increased, the higher sales volume reduced the relative burden of fixed costs and improved profitability,」

「In terms of profit, although procurement costs, particularly for raw materials, increased, the higher sales volume reduced the relative burden of fixed costs and improved profitability. As the increase in cost of sales was limited to ¥718 million year on year and the increase in selling, general and administrative expenses was likewise limited to ¥58 million, operating profit was ¥992 million, up 41.0% year on year.」

「The Group imports refractory raw materials from around the world, but depends on specific regions and suppliers for some of them. In particular, zirconia-based and magnesia-based raw materials have recently become difficult to procure. Although we are working to reduce procurement risks by diversifying our suppliers, a failure to secure essential key raw materials could affect the Group's performance.」

「As procurement costs, particularly for raw and fuel materials, continued to rise, we also pursued management rationalization measures, including cost reductions.」

「As procurement costs, particularly for raw and fuel materials, continued to rise, we also pursued management rationalization measures, including cost reductions.」

「The Group imports refractory raw materials from around the world. International market prices for these materials fluctuate depending on demand conditions and may affect the Group's performance.」

「The Group imports refractory raw materials from around the world. International market prices for these materials fluctuate depending on demand conditions and may affect the Group's performance.」