Supply constraints and price increases for raw materials

「価格改定までのタイムラグの影響に加え、高付加価値製品であるＣＦＣＣ事業の売上減少等により、営業利益は620百万円（前年同期比17.1％減）」

「In terms of earnings, the deficit in the powder metallurgy business widened because of higher material prices, but this was absorbed by the effect of higher revenue in the industrial machinery business. Operating income was ¥275 million, up 31.6% from the previous consolidated fiscal year.」

「諸資材価格や人件費等の上昇に対応した製品価格改定が浸透した結果、営業利益は4,849百万円（前期比35.3％増）」

「In terms of profitability, in addition to the effect of higher revenue, the company worked to reduce operating costs and product price revisions progressed in response to inflation, including higher prices for various materials and personnel costs. Operating profit was ¥1,413 million, up 20.7% year on year, and ordinary profit was ¥1,680 million, up 23.7%.」

「The company worked to reduce operating costs and pursued product price revisions in response to inflation, including higher material and labor costs. However, partly because of the time lag between inflation and product price revisions, operating income for the consolidated fiscal year was ¥3,585 million, down 8.1% from the previous fiscal year, while ordinary income was ¥3,875 million, down 18.5%, with both declining.」

「In terms of earnings, the company worked to reduce operating costs and pursued product price revisions in response to inflation, including higher material, labor and logistics costs, which are social issues. However, partly because of the time lag between inflation and product price revisions, operating income was ¥1,170 million, down 1.2% year on year, and ordinary income was ¥1,358 million, down 5.5%.」

「Efforts to secure an appropriate profit margin absorbed surging prices for various materials and energy and led to some improvement in margins, resulting in higher profit than in the same period of the previous year.」

「Efforts to secure an appropriate profit margin absorbed surging prices for various materials and energy and led to some improvement in margins, resulting in higher profit than in the same period of the previous year.」

「The company also worked to improve margins in the steel cord business, but operating income was ¥1,184 million, down 2.3% year on year, mainly because of lower sales of development products.」

「In terms of earnings, the company worked to reduce costs through operational improvements, but was unable to fully absorb the impact of higher energy costs because of persistently high electricity rates and other factors. The operating loss was ¥137 million, compared with an operating loss of ¥178 million in the same period of the previous year.」

「In addition to energy and materials costs soaring above expectations and remaining high, orders for tire steel cord continued to decline from the end of last year as the market remained under adjustment due partly to an economic slowdown in North America. As a result, the operating loss was ¥849 million, compared with a loss of ¥827 million in the previous consolidated fiscal year.」

「In addition to the sharp rise and sustained high levels of energy and other material costs, production adjustments were carried out recently in response to lower orders resulting from inventory adjustments by domestic and overseas customers. As a result, the operating loss was ¥795 million, compared with an operating loss of ¥700 million in the same period of the previous year.」

「Revenue in this business increased 12.4% year on year to ¥4,700 million, mainly because of product price revisions implemented since the previous fiscal year and foreign exchange effects on exports. However, further increases in energy and other material costs resulted in an operating loss of ¥470 million, compared with an operating loss of ¥445 million in the same period of the previous year.」

「To address cost increases stemming from higher prices for various materials, fuel and transportation in recent years, the company has implemented product price revisions in stages to optimize margins. As the effects of these improvements emerged and sales of fiber ropes for land-based and fisheries-related applications remained firm, revenue from this business was ¥6,385 million, up 3.8% year on year. Operating profit was ¥485 million, up 54.1% year on year, as sales of high-value-added fiber-rope products were concentrated in the quarter.」

「In terms of profit, the pass-through of soaring wire rod prices, energy costs, and other expenses into product prices had not yet caught up as of the end of the third quarter. Nevertheless, profit improved substantially from the same period of the previous year, when demand fell sharply in the first half because of COVID-19.」

「In terms of profit, the pass-through of soaring wire rod prices, energy costs, and other expenses into product prices had not yet caught up as of the end of the cumulative third quarter. Nevertheless, profit improved substantially from the same period of the previous year, when demand fell sharply in the first half because of COVID-19.」

「Operating profit was ¥392 million, down 26.6% year on year, as prices for wire rod and other materials soared. Although the company was pursuing the pass-through of higher costs into product prices, the increase had not yet been fully reflected during the cumulative second quarter.」

「The Group purchases wire rod, zinc, core wire, and other key materials, relying on several suppliers for each and preparing for the risk of material supply disruptions. However, supply stoppages or delays caused by poor supplier performance or operating stoppages, restrictions on procurement volumes resulting from tight global supply and demand, and higher steel prices caused by soaring iron ore and coking coal prices may affect the Group's financial position and operating results.」

「Revenue in this business declined 5.5% year on year to ¥10,811 million because domestic core wire sales fell sharply. Combined with higher costs resulting from soaring prices for various materials, the decline in revenue resulted in a segment loss of ¥939 million, compared with profit of ¥534 million in the previous fiscal year.」

「Domestic tire cord sales volume increased, but core wire sales decreased, resulting in revenue of ¥8,183 million, a slight 0.6% year-on-year decline. On the profit side, higher costs for the sales mix and various materials resulted in a segment loss of ¥556 million, compared with profit of ¥230 million in the prior-year period.」

「The Group purchases wire rod, zinc, core wire, and other key materials, relying on several suppliers for each. Supply stoppages or delays caused by poor supplier performance or operating stoppages, restrictions on procurement volumes resulting from tight global supply and demand, and higher steel prices caused by soaring iron ore and coking coal prices may affect the Group's financial position and operating results.」

「The Group purchases wire rod, zinc, core wire, and other key materials, relying on several suppliers for each. Although it worked to improve costs through cost reductions and other measures, higher raw material prices caused segment profit (operating profit) to decline 4.5% year on year to ¥2,182 million.」