Passing Higher Energy and Raw Material Costs Through to Selling Prices
First written in FY2023-Q2. 2 of 4 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 2 of 17 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Amid efforts to pass higher costs on to selling prices in response to surging energy and raw material prices caused by the prolonged war in Ukraine, escalating tensions in the Middle East and other factors」
The company continues to pass higher energy and raw material costs on to selling prices. No specific completion date or new numerical target for the pass-through has been disclosed. - FY2023AdvancedAnnual report
「As the Company advanced revisions to selling prices in response to soaring raw material and energy prices, total revenue across its businesses rose 7.6% year on year to ¥10,733.137 million.」
Explains that the Company promoted annual revisions to selling prices in response to higher raw material and energy costs, resulting in higher revenue and profit. - FY2023-Q3AdvancedAnnual report
「In response to the impact of surging energy and raw material prices, we continued to pass these costs through to selling prices and worked to minimize their impact on business performance.」
Continued passing costs through to selling prices, first indicated in the previous quarter, and worked to contain the impact on business performance through price pass-through. - FY2023-Q2First statedAnnual report
「The pass-through to selling prices is gradually taking hold.」
For the first time, explicitly states that the Company is passing higher energy and raw material costs through to selling prices to address the decline in profit margins caused by surging costs.