Earnings risk from fluctuations in copper prices
First written in FY2016. 7 of 15 entries say "Restated". Latest entry: FY2026.
Fujikura moved to the "Worse" side of this theme in 2026, 8 years after the typical company in this theme (2018).
The whole theme swung hardest in 2025: 12 of 23 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Although the impact of higher copper prices that could not be passed through to selling prices during the period remained, the effects of one-off inflation and other factors were increasingly reflected in selling prices, resulting in revenue of ¥179.4 billion, up 1.3% year on year, and operating profit of ¥6.8 billion, up 17.0%.」
Higher copper prices were reflected in the results as an impact that could not be passed through to selling prices in the Automotive business. Meanwhile, the company explained that the effects of other inflationary factors were increasingly reflected in selling prices. - FY2025-H1RestatedAnnual report
「Demand for redevelopment projects and new plant construction in Japan remained firm, with revenue rising 9.5% year on year to ¥71.7 billion and operating profit increasing 56.4% to ¥4.9 billion.」
In the Energy business, demand for redevelopment projects and new plant construction in Japan remained firm, resulting in higher revenue and profit. - FY2024-Q3Continued profit growth driven by the reversal of the copper valuation loss and demand for new plants in JapanAnnual report
「Due to continued strength in demand associated with the construction of new plants in Japan and the recognition of a copper valuation loss in the previous corresponding quarter, revenue rose 0.6% year on year to ¥103.4 billion and operating profit increased 146.8% to ¥5.6 billion.」
The Energy segment reported higher revenue, driven by strong demand for new plant construction in Japan and the reversal of the copper valuation loss recorded in the previous corresponding period, while operating profit also improved significantly. - FY2024-Q2Lower revenue due to copper-related factors and improved operating profitAnnual report
「Due to the impact of lower copper volume, revenue fell 2.0% year on year to ¥65.4 billion. Meanwhile, demand associated with the construction of new plants in Japan remained strong in the cumulative second quarter, and because a copper valuation loss had been recorded in the previous corresponding quarter, operating profit rose 605.5% to ¥3.2 billion.」
Lower copper volume remained a factor behind the decline in revenue, while operating profit improved to ¥3.2 billion due to strong demand for new plant construction in Japan and the reversal of the previous year's copper valuation loss. - FY2024-Q1Continued copper price impact and a return to operating profitabilityAnnual report
「Due in part to the impact of copper prices, revenue fell 3.1% year on year to ¥32.1 billion. While the previous corresponding quarter reported an operating loss due to the recognition of a copper valuation loss, the construction electrical distribution market remained firm in the first quarter of the current fiscal year, resulting in operating profit of ¥1.2 billion, compared with an operating loss of ¥600 million in the previous corresponding quarter.」
The impact of copper prices remained a factor behind the decline in revenue, while operating results turned from an operating loss caused by the copper valuation loss in the previous corresponding quarter to an operating profit, supported in part by the firm construction electrical distribution market. - FY2023RestatedAnnual report
「If the prices of these raw materials and other inputs, as well as energy prices, rise sharply, the Group's results and financial position may be affected. The price of copper, a major material used in the Group's products, fluctuates due to international supply and demand trends and other factors. However, because changes in purchase prices resulting from sharp movements in copper prices may not be reflected immediately in product prices, significant fluctuations in copper prices may affect the Group's results.」
The explanation of copper price fluctuation risk has continued, and the risk has been organized more broadly as a procurement risk that includes shortages in the procurement of raw materials, auxiliary materials, and scarce resources, as well as surging energy prices. - FY2021-Q2Valuation gains from rising copper pricesAnnual report
「Operating profit rose 85.7% to ¥8.3 billion, due mainly to fixed-cost reductions from structural reforms and valuation gains from higher copper prices.」
Copper price movements during the quarter were reflected as an increase rather than a decline, and valuation gains became a factor driving higher operating profit. - FY2018RestatedAnnual report
「The price of copper, a major material used in the Group's products, fluctuates due to international supply and demand trends and other factors. However, because changes in purchase prices resulting from sharp movements in copper prices may not be reflected immediately in product prices, significant fluctuations in copper prices may affect the Group's results.」
The earnings risk from copper price fluctuations and delays in reflecting them in product prices has been reiterated. - FY2018-Q3RestatedAnnual report
「Due to higher copper prices in the Energy business unit and strong performance in the Information & Communications business unit, particularly in overseas markets, net sales increased 10.6% year on year to ¥281.4 billion and operating profit increased 21.9% to ¥17.9 billion.」
For the cumulative period through the third quarter, copper price movements were reflected as an increase rather than a decline, becoming a factor driving higher revenue and profit in the Energy segment. - FY2018-Q2Higher revenue contributed by rising copper pricesAnnual report
「Due to higher copper prices in the Energy business unit and strong performance in the Information & Communications business unit, particularly in overseas markets, net sales increased 12.0% year on year to ¥182.0 billion and operating profit increased 61.2% to ¥12.1 billion.」
Copper price movements this time were reflected as an increase rather than a decline, appearing in results as a factor driving higher revenue and profit in the Energy segment. - FY2017RestatedAnnual report
「The price of copper, a major material used in the Group's products, fluctuates due to international supply and demand trends and other factors. However, because changes in purchase prices resulting from sharp movements in copper prices may not be reflected immediately in product prices, significant fluctuations in copper prices may affect the Group's results.」
The explanation of earnings risk from copper price fluctuations and delays in reflecting them in product prices has continued. - FY2017-Q3RestatedAnnual report
「Although the Energy business unit recorded lower revenue due to deteriorating domestic market conditions and lower copper prices, among other factors, and the Information & Communications business unit was affected by yen appreciation, strong overseas markets resulted in net sales decreasing 8.9% year on year to ¥254.4 billion and operating profit increasing 34.3% to ¥14.7 billion.」
The impact of lower copper prices continues to appear in results as a factor driving lower revenue in the Energy segment, following the previous quarter. - FY2017-Q2RestatedAnnual report
「Due to lower revenue in the Energy business unit resulting from weakness in the domestic market and lower copper prices, among other factors, and the impact of yen appreciation on the Information & Communications business unit, net sales decreased 12.5% year on year to ¥162.5 billion and operating profit decreased 0.6% to ¥7.5 billion.」
The impact of lower copper prices continues to appear in results as a factor driving lower revenue in the Energy segment. It had already materialized in the previous quarter, and this filing confirms that the same impact has continued. - FY2017-Q1MaterialisedAnnual report
「Due mainly to lower revenue in the Energy segment resulting from lower copper prices and the impact of the stronger yen on the Information & Communications segment, revenue fell 13.3% year on year to ¥80.2 billion, while operating profit fell 22.0% to ¥3.1 billion.」
The impact of lower copper prices materialized in results as a factor driving lower revenue in the Energy segment. - FY2016First statedAnnual report
「The Group's results may be affected by significant fluctuations in copper prices.」
The risk arises because changes in purchase prices may not be reflected immediately in product prices.