Fluctuations in Raw Material Prices, Including Copper and Petrochemical Products
First written in FY2016. 12 of 29 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-08-07.
Swcc moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 12 of 22 companies on the "Worse" side.
8 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Against this business backdrop, the Group’s results for the fiscal year were supported by strong performance in the power infrastructure and communications cable businesses, the contribution from TOTOKU Co., Ltd., which joined the Group in March 2025, and surging copper prices, which boosted net sales. Net sales were ¥277,736 million, up 16.8% year on year」
Surging copper prices actually occurred and are cited, together with the consolidation of TOTOKU, as factors boosting net sales. The Group is also proceeding with passing higher costs through to prices through price revisions. - FY2026-H1MaterialisedAnnual report
「Although total copper shipment volume declined from the previous year, higher copper prices also contributed to net sales of ¥128,860 million, up 9.8% year on year」
Higher copper prices actually occurred and are cited, together with lower copper shipment volume, as a factor affecting net sales for the interim period. - FY2025RestatedAnnual report
「・Strengthening management by the Group Procurement Headquarters ・Reducing inventories through planned, stable procurement ・Passing price adjustments through to product prices ・Hedging copper price fluctuation risk using futures transactions and other measures ・Reducing risk by diversifying procurement sources and promoting multiple-source purchasing」
The Group continues to implement measures addressing raw material price fluctuation risks for copper, petrochemical products and other materials, including procurement management, passing costs through to prices, futures transactions and multiple-source purchasing. - FY2024RestatedAnnual report
「Strengthening management by the Group Procurement Headquarters, reducing inventories through planned, stable procurement, passing price adjustments through to product prices, hedging copper price fluctuation risk using futures transactions and other measures, diversifying procurement sources, and reducing risk by promoting multiple-source purchasing」
Amid continuing price fluctuation risks for copper, petrochemical products, electricity and city gas, the Group explicitly identifies responses including procurement management, passing costs through to prices, futures transactions and diversification of procurement sources. - FY2024-Q3MaterialisedAnnual report
「Although total copper shipment volume declined from the same quarter of the previous year, higher copper prices also contributed to net sales of ¥158,505 million, up 0.3% year on year」
Higher copper prices actually occurred and are cited, together with lower copper shipment volume, as a factor affecting net sales for the cumulative third-quarter period. - FY2024-Q2RestatedAnnual report
「With raw material and energy prices remaining elevated,」
The disclosure reconfirms that the business environment continues to be affected by elevated raw material and energy prices. - FY2024-Q1RestatedAnnual report
「Meanwhile, the Group was affected by higher raw material and energy prices resulting from the prolonged Russia-Ukraine situation and the weakening yen,」
The disclosure reconfirms that higher raw material and energy prices resulting from the prolonged Russia-Ukraine situation and the weakening yen continue to have an impact. - FY2023WorsenedAnnual report
「〇Price fluctuations in copper, the principal raw material 〇Price fluctuations in petrochemical products such as polyethylene 〇Fluctuations in electricity procurement prices 〇Fluctuations in city gas procurement prices」
In addition to copper and petrochemical products, fluctuations in electricity and city gas procurement prices are explicitly identified as key risks, expanding the scope from raw materials to energy more broadly. - FY2023-Q3RestatedAnnual report
「Surging raw material and energy prices, disruptions to global supply chains and production cuts in the automotive sector caused by semiconductor shortages continued.」
The disclosure reconfirms that surging raw material and energy prices continue to affect the business environment. - FY2023-Q1RestatedAnnual report
「As selling prices were being revised in response to higher prices for raw materials and other inputs, demand for wire for construction and electrical distribution applications showed signs of recovery as construction work resumed following improvements in the COVID-19 situation. However, demand for automotive wire continued to be affected by reduced automobile production, resulting in a slight year-on-year decline in overall wire and cable demand in the same quarter.」
The disclosure reconfirms that raw material and other prices remain elevated and that selling prices are being reviewed. - FY2022-Q3MaterialisedAnnual report
「In Japan’s construction-related market, shipments for large-scale projects and other factors kept conditions generally firm despite declining demand, but the impact of surging raw material prices for petrochemical products and other materials began to emerge.」
The disclosure states that the impact of surging raw material prices for petrochemical products and other materials emerged in the energy and infrastructure business. The external environment also continues to be affected by higher raw material and logistics prices. - FY2022-Q2WorsenedAnnual report
「During the cumulative second-quarter period, Japan’s economy showed signs of normalization as vaccination rates increased, but remained unpredictable because of supply chain disruptions, the impact of COVID-19 and other factors. Overseas, the outlook also remained uncertain, as the impact of COVID-19 was compounded by the worsening global semiconductor shortage and surging resource prices.」
The disclosure states that surging resource prices worsened alongside the global semiconductor shortage, further deteriorating the external environment for raw material price fluctuation risk. The impact of higher material costs is also evident at the segment level. - FY2022-Q1MaterialisedAnnual report
「In the wire industry, demand for wires used in construction and electrical distribution declined, partly because of surging raw material prices.」
The surge in raw material prices actually emerged in the business environment as a factor behind lower demand for wires used in construction and electrical distribution. - FY2021-Q1MaterialisedAnnual report
「Resource prices, including copper prices, also fell sharply for a time.」
The disclosure states that resource prices, including copper prices, actually fell sharply amid the spread of COVID-19. - FY2020RestatedAnnual report
「To minimize the risks arising from fluctuations in copper prices, the Group makes planned, stable procurements and sets sales prices linked to copper prices. The Group also seeks to minimize the impact of price fluctuations through hedging using futures transactions and other measures. However, losses may arise when passing higher costs through to product prices is difficult or when market prices fall sharply, potentially having a material impact on the Group’s performance and other aspects of its business.」
The Group continues to disclose the risks of price fluctuations in copper, petrochemical products and other materials, together with its responses through stable procurement, price adjustments linked to market prices and futures transactions. - FY2019RestatedAnnual report
「To minimize the risks arising from fluctuations in copper prices, the Group makes planned, stable procurements and sets sales prices linked to copper prices. However, losses may arise when passing higher costs through to product prices is difficult or when market prices fall sharply, potentially affecting the Group’s performance and other aspects of its business.」
The Group continues to describe copper price fluctuation risk and its responses through stable procurement and price adjustments linked to copper prices as part of its explanation of raw material price risk. - FY2019-Q3RestatedAnnual report
「Although higher resource prices increased sales, severe price competition continued in the wire market for construction and electrical distribution, resulting in net sales of ¥61,882 million, up 5.8% year on year, and operating income of ¥1,203 million, down 36.7%.」
While higher resource prices contributed to increased sales, severe price competition in the wire market for construction and electrical distribution continues to be cited as a factor behind lower operating income. - FY2019-Q2RestatedAnnual report
「Although higher resource prices increased sales, severe price competition continued in the wire market for construction and electrical distribution, resulting in net sales of ¥40,138 million, up 9.6% year on year, and operating income of ¥750 million, down 36.0%.」
While higher resource prices contributed to increased sales, the impact of raw material price fluctuations and the challenging conditions in the construction and electrical distribution markets continue to be cited. - FY2019-Q1MaterialisedAnnual report
「Although higher resource prices increased sales, severe price competition continued in the wire market for construction and electrical distribution, resulting in net sales of ¥19,495 million, up 10.5% year on year, and operating income of ¥357 million, down 42.2%.」
The rise in resource prices actually occurred and is described as a factor behind higher sales in the wire rod business. - FY2018-Q3RestatedAnnual report
「Demand from the construction and electrical distribution markets continued to recover, while resource prices rose. As a result, net sales were ¥58,465 million, up 16.5% year on year, and operating income was ¥1,902 million, up 175.4%.」
The rise in resource prices is described as having occurred during the quarter as well. There was no major change in the nature of the risk from the previous quarter. - FY2018-Q2MaterialisedAnnual report
「Demand from the construction and electrical distribution markets remained at approximately the same level as in the same quarter of the previous year, while resource prices rose. As a result, net sales were ¥36,631 million, up 12.6% year on year, and operating income was ¥1,172 million, up 172.0%.」
The description changed from resource prices stabilizing in the previous quarter to resource prices actually rising during the quarter. - FY2018-Q1MitigatedAnnual report
「Demand from the construction and electrical distribution markets remained at approximately the same level as in the same quarter of the previous year, while resource prices, which had surged in the second half of last year, stabilized. As a result, net sales were ¥17,646 million, up 8.0% year on year, and operating income was ¥618 million, up 1,526.6%.」
Resource prices, which had surged in the second half of last year, stabilized during the quarter, temporarily easing the impact of raw material price fluctuations. - FY2017RestatedAnnual report
「The purchase price of copper, a key raw material for the wires and cables manufactured and sold by our Group, is linked to trading prices on the London Metal Exchange, but those prices also fluctuate due to speculative factors unrelated to supply and demand. Meanwhile, our Group's selling prices are generally set to move in line with copper prices, but substantial fluctuations in copper prices could affect our Group's results.」
In addition to copper, petrochemical products such as polyethylene continue to be disclosed as subject to price fluctuation risk. - FY2017-Q2MaterialisedAnnual report
「Although there were improvements from fixed-cost reductions and other measures, declining domestic demand for construction and electrical distribution applications and lower domestic copper prices resulted in net sales of ¥32,520 million, down 18.5% year on year in the same quarter, and operating profit of ¥466 million, down 2.8%.」
The decline in domestic copper prices actually occurred and is cited as a factor affecting net sales and operating profit in the wire materials business. - FY2016First statedAnnual report
「The purchase price of copper, a key raw material for the wires and cables manufactured and sold by our Group, is linked to trading prices on the London Metal Exchange, but those prices also fluctuate due to speculative factors unrelated to supply and demand.」
Although selling prices generally move in line with copper prices, the disclosure indicates that substantial price fluctuations could affect results.