Higher costs due to soaring raw material prices and transportation expenses
First written in FY2022-Q3. 8 of 18 entries say "Worsened", first in FY2023-Q2. Latest entry: 2026-11-09.
Tenryu Saw Mfg. moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2019: 13 of 20 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Japan Driven mainly by increased sales of chip saws for housing materials, sales were ¥10,779 million, up 3.3% year on year, while segment profit (operating profit) was ¥619 million, down 17.1%, due to soaring raw material prices and higher expenses, including labor costs. United States Segment profit (operating profit) was ¥113 million, down 42.2% year on year, due to higher procurement costs resulting from U.S. tariff measures and higher selling, general and administrative expenses.」
Soaring raw material prices, higher labor and selling, general and administrative expenses, and higher procurement costs resulting from U.S. tariff measures were reflected in lower profit in Japan, the United States and other regions, and the risk of higher costs continues. - FY2026-H1WorsenedAnnual report
「① Japan Driven mainly by increased sales of chip saws for housing materials, sales were ¥5,386 million, up 4.5% year on year, while segment profit (operating profit) was ¥291 million, down 31.1%, due to higher raw material costs and selling, general and administrative expenses. ④ United States Sales of both metalworking and housing-material chip saws declined, resulting in sales of ¥805 million, down 9.2% year on year. Segment profit (operating profit) was ¥63 million, down 50.8%, due to a lower gross profit margin resulting from higher procurement costs. ⑤ Europe Sales of both metalworking and lumber-processing and woodworking chip saws declined, resulting in sales of ¥327 million, down 14.4% year on year, and segment profit (operating profit) of ¥16 million, down 15.8%.」
The filing cites higher raw material costs in Japan, higher procurement costs in the United States, and lower profit associated with declining sales in Europe. The impact of higher costs and deteriorating profitability is reflected in performance across multiple regions. - FY2025MitigatedAnnual report
「As higher orders increased utilization at overseas factories and the promotion of automated and labor-saving production equipment improved production efficiency, the cost-of-sales ratio was 65.1%, a decline of 2.8 percentage points from the previous consolidated fiscal year.」
Despite continued risks from higher costs for raw materials, energy and other items, the cost-of-sales ratio improved due to higher orders, increased utilization at overseas factories, and automation and labor saving. - FY2025-H1MaterialisedAnnual report
「⑤ Europe Sales of chip saws for lumber processing and woodworking declined, resulting in sales of ¥383 million, down 10.1% year on year. Segment profit (operating profit) was ¥19 million, down 61.7% year on year, due to the impact of inflation and higher expenses, including labor costs.」
Inflation and higher expenses, including labor costs, were reflected in a 61.7% year-on-year decline in segment profit in Europe, and the impact of cost inflation continues. - FY2024WorsenedAnnual report
「Cost of sales was ¥8,105 million, and the cost-of-sales ratio was 67.9%, up 2.0 percentage points from the previous fiscal year, due to higher raw-material and energy prices and increased labor costs.」
Higher raw material and energy prices and labor costs were reflected in a 2.0-point increase in the cost-of-sales ratio, while operating profit declined 28.5% year on year. - FY2024-Q3RestatedAnnual report
「In terms of profit, operating profit was ¥848 million, down 46.1% from the same quarter of the previous year, ordinary profit was ¥1,136 million, down 44.9%, and net profit attributable to owners of the parent was ¥809 million, down 44.0%, due to soaring raw material and resource prices and lower factory utilization caused by a decline in orders.」
Soaring raw material and resource prices, together with lower factory utilization caused by a decline in orders, continued to be reflected in performance as declines of 46.1% in operating profit, 44.9% in ordinary profit and 44.0% in net profit. - FY2024-Q2RestatedAnnual report
「In terms of profit, operating profit was ¥538 million (down 56.3% from the same quarter of the previous year), ordinary profit was ¥841 million (down 48.9%), and net profit attributable to owners of the parent was ¥600 million (down 47.4%), mainly due to soaring raw material and energy prices and lower factory utilization caused by a decline in orders.」
Soaring raw material and energy prices, together with lower factory utilization caused by a decline in orders, continued to be reflected in performance as declines of 56.3% in operating profit, 48.9% in ordinary profit and 47.4% in net profit. - FY2024-Q1WorsenedAnnual report
「In terms of profit, operating profit was ¥266 million, down 61.2% from the same quarter of the previous year, ordinary profit was ¥454 million, down 51.7%, and net profit attributable to owners of the parent was ¥349 million, down 47.5%, mainly due to soaring raw material and energy prices and lower factory utilization caused by a decline in orders.」
Soaring raw material and energy prices, together with lower factory utilization caused by a decline in orders, were reflected in performance as declines of 61.2% in operating profit, 51.7% in ordinary profit and 47.5% in net profit. The filing also states that selling prices were reviewed in response to soaring resource and energy prices. - FY2023-Q3WorsenedAnnual report
「In terms of profit, operating profit was ¥1,573 million, down 30.4% from the same quarter of the previous year, ordinary profit was ¥2,063 million, down 17.2%, and net profit attributable to owners of the parent was ¥1,445 million, down 17.3%, due to soaring raw material and energy prices and logistics costs, among other factors.」
Soaring raw material and energy prices and logistics costs were reflected in performance as declines of 30.4% in operating profit, 17.2% in ordinary profit and 17.3% in net profit, with the impact of higher costs continuing from the previous quarter. - FY2023-Q2WorsenedAnnual report
「In terms of profit, expenses increased due to higher costs resulting from rising raw material prices and higher logistics costs, among other factors. Operating profit was ¥1,231 million, down 15.0% from the same quarter of the previous year.」
Higher raw material prices and logistics costs, among other factors, resulted in higher expenses and a 15.0% year-on-year decline in operating profit. Selling prices were also reviewed in response to rising raw material and energy prices. - FY2023-Q1MaterialisedAnnual report
「② China Domestic sales in China declined partly due to the impact of lockdowns under the zero-COVID policy, but intersegment sales remained firm, resulting in sales of ¥1,369 million, up 6.1% from the same quarter of the previous year. Segment profit (operating profit) was ¥256 million, down 16.5% year on year, due to soaring raw material prices and other factors. ④ United States Sales of chip saws for metalworking recovered, while sales of chip saws for housing materials remained firm, resulting in sales of ¥457 million, up 11.7% year on year. However, segment profit (operating profit) was ¥18 million, down 54.6% year on year, due to higher logistics costs, including costs associated with meeting delivery deadlines.」
In China, soaring raw material prices reduced segment profit by 16.5% year on year, while in the United States, higher logistics costs reduced segment profit by 54.6%. The impact of rising raw material and logistics costs is clearly reflected in performance. - FY2022MaterialisedAnnual report
「In terms of profit, although higher raw material prices and transportation expenses increased costs, the effects of higher sales and improved production efficiency from automated and labor-saving equipment at overseas factories resulted in operating profit of ¥2,786 million, up 79.8% year on year.」
Higher raw material prices, transportation expenses and ocean freight rates were identified in the performance analysis as actual drivers of cost increases. Operating profit rose 79.8% year on year due to the effects of higher sales and improved production efficiency at overseas factories. - FY2022-Q3First statedAnnual report
「Subsequently, the outlook for the economy remained uncertain due to the renewed spread of infections caused by highly transmissible variants, including the Omicron variant, shortages of semiconductors and various components, and soaring raw material prices and transportation expenses. In terms of profit, costs increased due to higher ocean freight rates and other factors, but」
Soaring raw material prices, transportation expenses and ocean freight rates can be identified for the first time as a standalone theme covering both uncertainty about the economic outlook and actual cost increases.