Risk of Higher Power Costs Due to Rising Energy Prices
First written in FY2023-Q2. 1 of 2 entries say "Restated". Latest entry: FY2024-Q1.
1 other company's latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the outlook remained uncertain due to the prolonged slump in China’s real estate market, the emergence of geopolitical risks in various regions worldwide and soaring energy prices. However, steel demand was recovering in some regions, and global crude steel production increased.」
Surging energy prices continue to be identified as a factor contributing to uncertainty in the business environment. - FY2023-Q2First statedAnnual report
「The Company reported lower revenue and lower profit due to narrower margins on inventory sales following the sharp decline in metal scrap prices in July 2022, higher electricity costs resulting from rising energy prices, and higher personnel expenses due to improved employment conditions and other factors.」
For the first time, the disclosure separately identified rising energy prices, through their impact on electricity costs, as a cost risk contributing to lower revenue and lower profit in the resource recycling business.