Risk of fluctuations in steel prices
First written in FY2016. 5 of 22 entries say "Worsened", first in FY2018. Latest entry: FY2026.
Kyowakogyosyo moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2021: 13 of 28 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 59.6% and 47.5%, respectively, in the fiscal year ending April 2026, and our group's earnings are materially affected by fluctuations in steel prices. We are working to minimize the impact on earnings by passing price increases on to customers promptly.」
The material-cost ratios declined from 59.8% and 48.5% in the previous fiscal year to 59.6% and 47.5%, respectively. Steel price volatility risk continues, while measures involving information sharing and cooperation with suppliers and passing price increases on to customers also continue. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, the Japanese economy continued to recover moderately. Although raw material prices and energy costs continued to surge, the income environment improved as a result of the recovery in personal consumption and wage increases.」
The disclosure states that surging raw material prices and energy costs continued, indicating that the risk of material price fluctuations remains present. - FY2025MitigatedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 59.8% and 48.5%, respectively, in the fiscal year ended April 2025, and our group's earnings are affected by fluctuations in steel prices. To identify changes in purchase prices, our group shares information with suppliers and strengthens cooperation regarding raw material price movements, market trends and other matters, and is working to pass price increases on to customers promptly.」
Steel price volatility risk continues, but the material-cost ratio relative to total manufacturing costs declined from 60.6% in the previous fiscal year to 59.8%, and efforts to pass price increases on to customers also continue. The ratio to revenue was 48.5%, unchanged from the previous fiscal year. - FY2025-H1MaterialisedAnnual report
「Although the Japanese economy continued to recover moderately during the interim consolidated accounting period, the outlook remained uncertain due in part to surging raw material prices and energy costs.」
The disclosure states that surging raw material prices and energy costs continued as an actual economic condition, indicating that the risk of material price fluctuations remains evident. - FY2024MitigatedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 60.6% and 48.5%, respectively, in the fiscal year ended April 2024, and our group's earnings are affected by fluctuations in steel prices. We are working to pass price increases on to customers promptly.」
The material-cost ratios declined from 63.0% and 49.6% in the previous fiscal year to 60.6% and 48.5%, respectively. Steel price volatility risk continues, while information sharing and cooperation with suppliers and measures to pass price increases on to customers also continue. - FY2024-Q2MaterialisedAnnual report
「In terms of earnings, raw material and energy prices rose and personnel expenses and other costs increased due to wage increases exceeding those of a typical year. However, following a review of selling prices to address higher costs, each profit measure increased compared with the same period of the previous year.」
Increases in raw material and energy prices and personnel expenses and other costs actually occurred. Meanwhile, the disclosure states that each profit measure increased year on year as a result of the review of selling prices. - FY2024-Q1MaterialisedAnnual report
「Revenue declined compared with the same period of the previous year due to lower sales volume. In terms of earnings, raw material and energy prices rose and personnel expenses and other costs increased due to wage increases exceeding those of a typical year. However, following a review of selling prices to address higher costs, each profit measure increased compared with the same period of the previous year.」
Although increases in raw material and energy prices and personnel expenses and other costs actually occurred, the disclosure states that each profit measure increased year on year as a result of the review of selling prices. - FY2023WorsenedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 63.0% and 49.6%, respectively, in the fiscal year ended April 2023, and our group's earnings are affected by fluctuations in steel prices.」
The material-cost ratio rose from 60.7% to 63.0% relative to total manufacturing costs and from 46.0% to 49.6% relative to revenue. The scale of the impact of steel price fluctuations on earnings has increased on a numerical basis. Measures to pass price increases on to customers continue. - FY2023-Q3MaterialisedAnnual report
「Revenue increased compared with the same quarter of the previous year as the review of selling prices progressed. In terms of earnings, although a gain on the sale of equipment held by an overseas consolidated subsidiary scheduled for dissolution was recorded, operating income, ordinary income and quarterly net income attributable to owners of the parent decreased compared with the same quarter of the previous year due in part to continued increases in raw material and energy prices in Japan.」
Raw material and energy prices continued to rise, and although revenue increased as selling prices were reviewed, this appeared in actual results as a factor reducing operating income, ordinary income and quarterly net income attributable to owners of the parent. - FY2023-Q2MaterialisedAnnual report
「Revenue increased compared with the same quarter of the previous year as the review of selling prices progressed. In terms of earnings, operating income, ordinary income and quarterly net income attributable to owners of the parent decreased compared with the same quarter of the previous year due to continued increases in raw material and energy prices and costs related to the liquidation of a consolidated subsidiary.」
Raw material and energy prices continued to rise, and although revenue increased as selling prices were reviewed, the increases appeared in actual results as factors reducing profit. - FY2023-Q1WorsenedAnnual report
「In addition to the worldwide surge in raw material and energy prices resulting from the protracted Russia-Ukraine situation, the sharp depreciation of the yen caused further increases in raw material prices, leaving conditions unpredictable.」
Regarding the risk of raw material price fluctuations, the disclosure cites the Russia-Ukraine situation, the worldwide surge in energy prices and further increases in raw material prices due to the sharp depreciation of the yen, indicating that externally driven cost increases are continuing. quantified is false, while materialized is true because the price increases actually occurred. - FY2022WorsenedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 60.7% and 46.0%, respectively, in the fiscal year ended April 2022, and our group's earnings are affected by fluctuations in steel prices. To identify changes in purchase prices, our group shares information with suppliers and strengthens cooperation regarding raw material price movements, market trends and other matters, and is working to pass price increases on to customers promptly.」
The material-cost ratio rose from 54.7% to 60.7% relative to total manufacturing costs and from 43.6% to 46.0% relative to revenue, indicating a numerical increase in the scale of the impact of steel price fluctuations on earnings. Measures to pass price increases on to customers continue. - FY2021RestatedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 54.7% and 43.6%, respectively, in the fiscal year ended April 2021, and our group's earnings are affected by fluctuations in steel prices. To identify changes in purchase prices, our group shares information with suppliers and strengthens cooperation regarding raw material price movements, market trends and other matters, and is working to pass price increases on to customers promptly.」
Steel price volatility risk and measures involving information sharing and stronger cooperation with suppliers, as well as passing price increases on to customers, continue. Material costs represented 54.7% of total manufacturing costs and 43.6% of revenue, broadly unchanged from the previous fiscal year. - FY2020MitigatedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 54.6% and 43.7%, respectively, in the fiscal year ended April 2020, and our group's earnings are affected by fluctuations in steel prices. To identify changes in purchase prices, our group shares information with suppliers and strengthens cooperation regarding raw material price movements, market trends and other matters, and is working to pass price increases on to customers promptly.」
The material-cost ratios declined from 58.0% and 44.5% in the previous fiscal year to 54.6% and 43.7%, respectively. Measures involving information sharing and stronger cooperation with suppliers, as well as passing price increases on to customers, are also specified. - FY2019WorsenedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 58.0% and 44.5%, respectively, in the fiscal year ended April 2019, and our group's earnings are affected by fluctuations in steel prices.」
The material-cost ratio rose from 56.9% to 58.0% relative to total manufacturing costs and from 43.9% to 44.5% relative to revenue, indicating a numerical increase in the scale of the impact of steel price fluctuations on earnings. - FY2018WorsenedAnnual report
「Material costs represented high proportions of total manufacturing costs and revenue, at 56.9% and 43.9%, respectively, in the fiscal year ended April 2018, and our group's earnings are affected by fluctuations in steel prices.」
The material-cost ratio rose from 52.5% to 56.9% relative to total manufacturing costs and from 41.2% to 43.9% relative to revenue, indicating a numerical increase in the scale of the impact of steel price fluctuations on earnings. - FY2017Changes in the combination of material-cost ratiosAnnual report
「Steel, our group's principal material, fluctuates in price due to domestic economic conditions, foreign exchange rates, crude oil prices and other factors. Material costs represented high proportions of total manufacturing costs and revenue, at 52.5% and 41.2%, respectively, in the fiscal year ended April 2017, and our group's earnings are affected by fluctuations in steel prices.」
Steel price volatility risk continues. The material-cost ratio rose from 51.3% to 52.5% relative to total manufacturing costs, while it changed from 41.8% to 41.2% relative to revenue. - FY2016First statedAnnual report
「Steel, our group's principal material, fluctuates in price due to domestic economic conditions, foreign exchange rates, crude oil prices and other factors. Material costs represented high proportions of total manufacturing costs and revenue, at 51.3% and 41.8%, respectively, in the fiscal year ended April 2016, and our group's earnings are affected by fluctuations in steel prices.」
The factors driving steel price fluctuations and the proportions of material costs to total manufacturing costs and revenue are presented quantitatively.