Komori
Kyoei Steel (5440) · RiskWorsened

Changes in electricity rates, power supply and energy prices

First written in FY2016. 7 of 15 entries say "Worsened", first in FY2018. Latest entry: 2026-07-31.

15entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2018-Q1 – FY2023-Q2RestatedFY2024-Q2 – FY2024-Q32016: 120162017: 220172018: 220182019: 020192020: 020202021: 020212022: 220222023: 420232024: 120242025: 020252026: 32026
Same theme, other companies
Supply constraints and rising costs for materials, power and construction resourcesA theme 23 companies write about · 23 as a headwind · 0 as a tailwind

Kyoei Steel moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).

The whole theme swung hardest in 2017: 4 of 11 companies on the "Worse" side.

6 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 23 companies compared. The sentences above are computed from all 23.
Full recordFilings, disclosures and news, newest first
  1. 2026-07-31WorsenedRevisions to earnings forecasts

    「しかし売買価格差は想定を下回る見通しであること、中東情勢の影響によるエネルギー費などのコスト増が見込まれること等から、国内鉄鋼事業の業績は当初計画を下回る見通しです。」

    中東情勢の影響によるエネルギー費などのコスト増が見込まれ、国内鉄鋼事業の業績下振れ要因として示された。
  2. FY2026WorsenedAnnual report

    「If prices rise or supply shortages occur due to geopolitical factors, including the situation in the Middle East, manufacturing and transportation costs may increase, while production and sales volumes may decline, potentially affecting the performance of our group.」

    The risks of higher prices and supply shortages involving not only energy resources but also auxiliary materials and transportation continue to be strongly identified in connection with geopolitical factors such as the situation in the Middle East.
  3. 2026-04-30WorsenedRevisions to earnings forecasts

    「中東情勢の緊迫化による原油価格の上昇に伴いエネルギー費や物流費等諸コストの増加も予想されることから、業績は当期よりもさらに厳しい内容を想定しています。」

    原油価格上昇を起点とするエネルギー費・物流費等の増加が次期の業績下押し要因として明示された。
  4. FY2024-Q3RestatedAnnual report

    「At the Canadian operation, production and shipments increased in response to strong construction demand, but profit declined year on year due to the lingering effects of scheduled maintenance and soaring electricity costs during the cumulative second-quarter consolidated period, among other factors.」

    In Canada, the impact of soaring electricity costs remained and became a factor reducing profit. The impact of higher energy costs continues.
  5. FY2024-Q2RestatedAnnual report

    「In North America, performance was weak despite strong construction demand, due to higher costs resulting from scheduled maintenance in the first quarter and equipment problems associated with aging facilities, among other factors.」

    In North America, higher costs due to equipment problems and other factors were noted, but no new material change was indicated regarding the risk of fluctuations in electricity rates and energy prices.
  6. FY2024-Q1MaterialisedAnnual report

    「Product prices rose by ¥9.0 thousand, or 9.2%, year on year, as we worked to raise and maintain product prices against a backdrop of higher costs, including electricity and transportation expenses.」

    Higher costs, including electricity and transportation expenses, materialized, and we responded by raising and maintaining product prices. The impact of higher energy and logistics costs continues.
  7. FY2023WorsenedAnnual report

    「The raw materials (iron scrap), auxiliary materials (electrodes, ferroalloys and others) and energy resources (oil, liquefied natural gas and others) used by our group are exposed to the risk of price fluctuations driven by global supply and demand. If prices rise or supply shortages occur due to greenflation, geopolitical factors or other causes, manufacturing and transportation costs may increase, potentially affecting the performance of our group.」

    In addition to the conventional risk of energy price fluctuations, the scope of the risk was explicitly expanded to include higher prices and supply shortages for auxiliary materials and energy resources, including iron scrap, electrodes and ferroalloys, as well as higher transportation costs.
  8. FY2023-Q3RestatedAnnual report

    「Meanwhile, in North America, manufacturing costs increased, including due to higher electricity expenses, but performance remained strong because higher product prices widened the spread between selling and purchasing prices.」

    In North America, manufacturing costs have increased due to higher electricity expenses and other factors, and the impact of rising energy costs continues. However, the impact on performance was absorbed by higher product prices.
  9. FY2023-Q2WorsenedAnnual report

    「However, because steel scrap prices fell below expectations, the trading spread, the difference between product prices and raw material prices, expanded.」

    In this filing, the impact of iron scrap prices eased, while in the environmental recycling business, higher fuel and other prices reduced operating income, and the impact of rising energy costs continues.
  10. FY2022WorsenedAnnual report

    「In addition, the recent surge in crude oil and liquefied natural gas (LNG) prices has increased various costs, including electricity expenses.」

    The surge in crude oil and LNG prices materialized as higher electricity and other costs, and the impact of energy price volatility risk continues.
  11. FY2018WorsenedAnnual report

    「Manufacturing costs increased significantly due to higher energy expenses and prices for auxiliary materials.」

    Higher energy expenses and auxiliary material prices were reflected in a significant increase in manufacturing costs, and the impact of cost volatility risk expanded.
  12. FY2018-Q3MaterialisedAnnual report

    「In addition, manufacturing costs increased due to higher prices for energy expenses and auxiliary materials such as ferroalloys and electrodes.」

    Higher energy expenses and prices for auxiliary materials such as ferroalloys and electrodes were reflected in actual results as an increase in manufacturing costs.
  13. FY2018-Q2MaterialisedAnnual report

    「In addition, manufacturing costs increased due to higher prices for energy expenses and auxiliary materials.」

    Higher energy expenses and other costs increased manufacturing costs, and the risk from fluctuations in energy prices and costs was reflected in actual results.
  14. FY2018-Q1MaterialisedAnnual report

    「Meanwhile, manufacturing costs, including energy expenses and auxiliary materials, rose year on year.」

    Higher manufacturing costs, including energy expenses, were reflected in actual results, and the risk from fluctuations in energy prices and costs materialized.
  15. FY2016First statedAnnual report

    「The performance of our group may be affected by electricity rates and power supply conditions.」

    Factors cited include higher electricity unit prices due to nuclear power plant shutdowns, supply restrictions, and higher energy costs resulting from fuel prices and foreign exchange movements.
Moved together

"Fluctuations in iron scrap prices" moved the same way as this thread, in the same document, in 8 of its 15 moves.

865533★123456
  1. ★This thread
  2. 1Fluctuations in iron scrap prices8×
  3. 2Production stoppages caused by natural disasters, equipment failures and accidents6×
  4. 3Economic, market, political and operating risks in Vietnam5×
  5. 4Uncertainty over the outlook due to economic slowdowns in emerging Asian and resource-rich countries and the UK's withdrawal from the EU5×
  6. 5Production and sales in line with demand and maintaining the product-to-raw-material price spread3×
  7. 6Declining domestic construction demand and excess capacity in the electric arc furnace industry3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Kyoei Steel's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Revisions to earnings forecasts of 2026-07-31: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.