Pressure on earnings from inflation-driven cost increases
First written in FY2023-Q1. 1 of 2 entries say "Mitigated", first in FY2024-Q3. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2022: 122 of 167 companies on the "Worse" side.
- FY2024-Q3MitigatedAnnual report
「Despite the effects of lower sales volume and a deterioration in the inventory impact, the effects of price revisions, including passing on soaring energy and alloying-metal prices through selling prices, resulted in consolidated operating profit of ¥22,187 million, up 101.7%, consolidated profit before tax for the quarter of ¥13,432 million, up 118.2%, and quarterly profit attributable to owners of the parent of ¥6,793 million, up 181.6%.」
Despite continued cost pressure from higher energy and alloying metal prices, operating income and other items improved year on year due to the effects of price revisions, including passing higher costs on through selling prices. - FY2023-Q1First statedAnnual report
「Operating income, meanwhile, was a loss of ¥213 million, compared with income of ¥158 million in the same period of the previous year, mainly due to lower automobile production in North America and higher costs associated with inflation.」
Higher costs associated with inflation actually emerged, together with lower North American automobile production, as a driver of the operating loss in the fabricated products and related businesses, and are recorded as an independent theme for the first time alongside the ¥213 million loss.